Friends of Bossinc
Nonprofit profile at a glance
- EIN
- 473613479
- IRS 990-EZ coverage
- 2016–2024
- Forms available
- Form 990 2018, Form 990-EZ 2024, Form 990-N 2015
- Location
- New York, NY, USA
- Phone
- 2122462183
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $155,288
- Expenses
- $242,500
- Assets
- $186,284
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- STEVEN HOROWITZ (PRESIDENT)
People named in this filing
- STEVEN HOROWITZ (PRESIDENT)
- ADAM THIER (SECRETARY)
- BESS BRODSKY (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Charitable
What it reported doing in 2024
Virtual businesses thus gaining hands-on entrepreneurship and career readiness skills.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 100
- Sustainability: 23
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.5%; rating input score 72
- Program expense ratio: 46.4%; rating input score 46
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -56.2%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.77; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 8.4% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 15.6% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 72.5% of revenue deployed · 46.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $113K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Program expense ratio scored 46/100.
- Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 2/100.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.