BOON PHILANTHROPY INC

EIN: 812285654 501(c)(3) Philanthropy & Grantmaking

CUMBERLAND, RI

Total Revenue
$614,203
Total Expenses
$307,136
Total Assets
$988,051
Net Assets
$985,743
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
DE
Principal Officer
HENRY SINCLAIR SHERRILL
Phone
6178774992
Tax Period
2023-01-01 to 2023-12-31

BOON PHILANTHROPY INC, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $614K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $307K, a strong 50% operating margin.

Mission

THE NATION-WIDE MISSION OF BOON IS TO PROVIDE INNOVATIVE FUNDING AND STEWARDSHIP SOLUTIONS THAT ENABLE DEDICATED EDUCATORS TO HAVE KNOWLEDGE AND SKILLS THEY NEED TO HELP ALL LEARNERS BECOME STRONG READERS. TO RAISE FUNDS NATION-WIDE TO PROVIDE LOW INCOME AND MINORITY STUDENTS WITH FREE TUTORIAL INTERVENTION USING STRUCTURED LANGUAGE INSTRUCTION METHODS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $614,203
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $614,203

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $210
Program Expenses $306,486
Other Expenses $307,136
TOTAL EXPENSES $307,136

Year-over-Year Comparison

2023 2022 Change
Revenue $614,203 $566,946 +0.1%
Expenses $307,136 $264,993 +0.2%
Net Income $307,067 $301,953 +0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM BEARD DIRECTOR N/A
Officer Director
$0 $0 $0
STEVE CARNEVALE DIRECTOR N/A
Officer Director
$0 $0 $0
JEFFREY WILDER EARLS SECRETARY/TR N/A
Officer Director
$0 $0 $0
DAVID HURFORD DIRECTOR N/A
Officer Director
$0 $0 $0
CATHY SANFORD DIRECTOR N/A
Officer Director
$0 $0 $0
J SEBASTIAN SCRIPPS DIRECTOR N/A
Officer Director
$0 $0 $0
HENRY SINCLAIR SHERRILL PRESIDENT N/A
Officer Director
$0 $0 $0
MARGARET STERN DIRECTOR N/A
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $614,203 $307,136 $988,051 $307,067
2022 $566,946 $264,993 $678,676 $301,953
2021 $369,507 $314,765 $376,723 $54,742
2020 $303,441 $245,938 $321,981 $57,503
2019 $374,206 $236,397 $264,478 $137,809
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