Nonprofit · EIN 86-2247512
BOON FAMILY FOUNDATION
Tax-exempt · WILMINGTON, DE 19809
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $53,661 | $99,612 | -$45,951 | $1,410,631 | $0 | $1,410,631 |
| December 31, 2023 | 990-PF | -$8,609 | $53,922 | -$62,531 | $1,456,570 | $0 | $1,456,582 |
| December 31, 2021 | 990-PF | $2,011,327 | $338,386 | $1,672,941 | $1,672,941 | $0 | $1,672,941 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $25,252
- Interest
- $3,342
- Net gain from sales of assets
- $25,067
Expenses
- Grants and similar amounts paid
- $67,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $86,179
- Excise tax on investment income
- $559
Balance sheet and other
- Total assets, start of year
- $1,456,582
- Total assets, end of year
- $1,410,631
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,410,631
- Fair market value of assets
- $1,646,980
- Qualifying distributions
- $86,179
- Net investment income
- $53,660
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Andrew J Boone Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres | 1 | $0 |
| Karen Boone Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Sec, Treas | 1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Andrew J Boone Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres | 1 | $0 |
| Karen Boone Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Sec, Treas | 1 | $0 |
990-PF for the year ended December 31, 2021: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Andrew J Boone Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres | 1 | $0 |
| Karen Boone Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Sec, Treas | 1 | $0 |
Address and contacts
- Address (IRS master file)
- FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
- In care of
- % FOUNDATION SOURCE
- Signed the 990-PF
- Karen Boone, Secretary
- Phone
- (800) 839-1754
- Return prepared by
- Foundation Source
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 86-2247512
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $1,410,631
- Income (IRS master file)
- $642,751
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $53,661 | $99,612 | $1,410,631 | XML |
| 990-PF | December 2023 | -$8,609 | $53,922 | $1,456,570 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | $2,011,327 | $338,386 | $1,672,941 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-2247512).
Questions about BOON FAMILY FOUNDATION
- What is the EIN of BOON FAMILY FOUNDATION?
- The employer identification number (EIN) of BOON FAMILY FOUNDATION is 86-2247512.
- Is BOON FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to BOON FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BOON FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BOON FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BOON FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of BOON FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does BOON FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $53,661, expenses of $99,612 and total assets of $1,410,631 at year end.
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All nonprofits in WILMINGTON · Delaware · Philanthropy, voluntarism and grantmaking foundations