The Boone Foundation
- Assets
- $707.9k
- Revenue
- $110.3k
- Investments
- $533.7k
- Employees
- 0
- Location
- Monrovia, CA
- Founding
- 01/1984
- Data as of
- 12/2022
- EIN
- 95-3883757
Organization Overview
The Boone Foundation is located in Monrovia, CA. The organization was established in 1984. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boone Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Boone Foundation generated $110.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $176.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Boone Foundation has awarded 56 individual grants totaling $1,226,977. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Lou Boone Chair | 5 | $0 | |
Lynda Boone Fetter Secretary/treasurer | 10 | $0 | |
George N Boone Jr President | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,037 |
| Interest on Savings | $672 |
| Dividends & Interest | $21,415 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,194 |
| Capital Gain Net Income | $48,194 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $110,318 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $235 |
| Depreciation | $0 |
| Occupancy | $30,262 |
| Travel, conferences, and meetings | $769 |
| Printing and publications | $0 |
| Other expenses | $1,336 |
| Total operating and administrative expenses | $53,589 |
| Contributions, gifts, grants paid | $122,500 |
| Total expenses and disbursements | $176,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,189 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $124,113 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $707,901 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Boone Foundation has awarded $122,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CATALINA ISLAND CONSERVANCY PURPOSE: COURSE CATALINA TRAILHEAD VISITOR CENTER | $30,000 |
LA WORLD AFFAIRS COUNCIL AND TOWN HALL PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
PASADENA CITY COLLEGE FOUNDATION PURPOSE: BOONE ACHIEVEMENT AWARD | $67,500 |
SOCIAL AND EMOTIONAL WELLNESS INSTITUTE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |