Civic Intelligence

The Boselli Foundation Inc

990 • Fiscal year 2023 • EIN 33-0664018

May 01, 2022 to Apr 30, 2023 • Filed on Jan 25, 2024

PO Box 16385Jacksonville, FL 32245

(904) 706-6212

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.01x

Higher debt load relative to assets than 67% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

30th percentile

-7.8%

Higher net margin than 30% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

98th percentile

$110,440

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 54.8% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

13th percentile

-41%

Faster asset growth than 13% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

91st percentile

112%

Faster revenue growth than 91% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$22,213

Down $15,408 (-41%) from 2022

Net Assets

Down

$21,933

Down $15,688 (-42%) from 2022

Liabilities

Up

$280

Up $280 from 2022

Revenue

Up

$201,711

Up $106,788 (+112%) from 2022

Expenses

Up

$217,399

Up $56,328 (+35%) from 2022

Net Income

Up

-$15,688

Up $50,460 (+76%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2011: $263,963Liabilities 2011: $2,985Net Assets 2011: $260,9782011Assets 2012: $258,105Liabilities 2012: $126,749Net Assets 2012: $131,3562012Assets 2013: $194,272Liabilities 2013: $79,372Net Assets 2013: $114,9002013Assets 2014: $193,127Liabilities 2014: $104,713Net Assets 2014: $88,4142014Assets 2015: $166,661Liabilities 2015: $60,390Net Assets 2015: $106,2712015Assets 2016: $229,755Liabilities 2016: $45,112Net Assets 2016: $184,6432016Assets 2017: $120,959Liabilities 2017: $12,690Net Assets 2017: $108,2692017Assets 2018: $99,316Liabilities 2018: $0Net Assets 2018: $99,3162018Assets 2019: $50,987Liabilities 2019: $0Net Assets 2019: $50,9872019Assets 2020: $70,518Liabilities 2020: $0Net Assets 2020: $70,5182020Assets 2021: $103,769Liabilities 2021: $0Net Assets 2021: $103,7692021Assets 2022: $37,621Liabilities 2022: $0Net Assets 2022: $37,6212022Assets 2023: $22,213Liabilities 2023: $280Net Assets 2023: $21,9332023Assets 2024: $96,453Liabilities 2024: $520Net Assets 2024: $95,9332024

Highlighted filing

2023

Assets$22,213
Liabilities$280
Net Assets$21,933

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2011: $484,5212011Expenses 2012: $472,8732012Expenses 2013: $572,5812013Revenue 2014: $544,649Expenses 2014: $571,135Net Income 2014: -$26,4862014Revenue 2015: $550,500Expenses 2015: $532,045Net Income 2015: $18,4552015Revenue 2016: $640,349Expenses 2016: $561,977Net Income 2016: $78,3722016Revenue 2017: $604,772Expenses 2017: $681,146Net Income 2017: -$76,3742017Revenue 2018: $170,630Expenses 2018: $179,583Net Income 2018: -$8,9532018Revenue 2019: $70,484Expenses 2019: $118,813Net Income 2019: -$48,3292019Revenue 2020: $156,373Expenses 2020: $136,842Net Income 2020: $19,5312020Revenue 2021: $180,883Expenses 2021: $147,632Net Income 2021: $33,2512021Revenue 2022: $94,923Expenses 2022: $161,071Net Income 2022: -$66,1482022Revenue 2023: $201,711Expenses 2023: $217,399Net Income 2023: -$15,6882023Revenue 2024: $466,701Expenses 2024: $371,182Net Income 2024: $95,5192024

Highlighted filing

2023

Revenue$201,711
Expenses$217,399
Net Income-$15,688
Jump To
Filing Snapshot
Filing Period
May 1, 2022 to Apr 30, 2023
Signed
Jan 25, 2024
Return Version
2022v5.0
Gross Receipts
$201,711
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$37,621$22,213▼ $15,408
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$37,621$22,213▼ $15,408
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$280-
Total Liabilities$0$280▲ $280
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$37,621$21,933▼ $15,688
Total Net Assets Fund Balance$37,621$21,933▼ $15,688
Total Liabilities and Net Assets / Fund Balance$37,621$22,213▼ $15,408
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer VihrachoffExecutive DirectorFT$110,440$110,440

Board Members and Trustees

NameTitle
Angi BoselliChairman
Adam BoselliBoard Member
Ben LavariasBoard Member
Billy StarkeBoard Member
James DanielBoard Member
James RichardsonBoard Member
Jill DavisBoard Member
Kerri StewartBoard Member
Shanna KhanBoard Member
Tony Boselli JrBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$201,711
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$201,711
Change in Net Assets
$-15,688

Audited Revenue Reconciliation

Revenue per Audited Statements
$201,711
Total Revenue per Audited Statements
$201,711
Total Revenue per Form 990
$201,711
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$140,141
Other Expenses$77,258
Total Fundraising Expense$36,022
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$51,720$41,104$17,616$110,440
Payroll Taxes$6,544$4,580$1,963$13,087
Other Employee Benefits$4,807$3,365$1,442$9,614
Office Expenses-$7,600-$7,600
Other Salaries and Wages$7,000--$7,000
Fees for Services Accounting$4,517$94$94$4,705
Other Expenses$4,500$5,264$14,532$4,500
Insurance$1,750$375$375$2,500
Occupancy$2,419--$2,419
Travel-$200-$200
Total Functional Expenses$118,795$62,582$36,022$217,399

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$217,399
Total Expenses per Audited Statements$217,399
Total Expenses per Form 990$217,399
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Board Member Tony Boselli Jr, and The Chairman, Angi Boselli, are married, and Board Member Adam Boselli is their son

Form 990, Part VI, Section B, Line 11B

Form 990 is provided to the Board for its review and approval prior to filing.

Form 990, Part VI, Section B, Line 15A

Board evaluations executive director's salary each year using comparisons with similar size organizations.

Form 990, Part VI, Section C, Line 18

Available upon request.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
The Boselli Foundation
EIN
33-0664018
Phone
9047066212
Address
PO Box 16385, Jacksonville, FL 32245

Signing Officer

Name
Jennifer Vihrachoff
Title
Executive Director
Signed
2024-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Boselli Jr
Formed
1998
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
7
Employees
1
Volunteers
100

Preparer

Firm
Howard & Company Cpas Pa
Address
4745 SUTTON PARK COURT STE 102, JACKSONVILLE, FL 32224
Preparer
John W Howard CPA
Phone
9044210690
Supplemental Narrative

Additional Explanations

Form 990 Schedule O

Form 990 - Organization's Mission or Most Significant Activities The mission of The Boselli Foundation is to build leaders for the next generationthrough academics, athletics, and character development and they accomplish thisthrough two initiatives.Boselli Foundation Mentoring is a leadership development program designed to encourage young men to become functional leaders through empowerment and mentorship.We believe that all men have dignity and worth and must be empowered to live it out. Our goal is to inspire strength, develop character, pursue wholeness and uphold human dignity through rich content, courageous conversations, and practical strategies.The Boselli Teacher Fellowship provides teachers in K-12 classrooms with professional learning opportunities to cultivate skills in the areas of student-centered teaching and effective instructional practices. This year-long program for those with a minimum of two years of teaching experience develops effective educational leaders serving students in Jacksonvilles highest areas of need. Individual coaching, mentoring, and ongoing workshops allow teachers to build knowledge and skills to support students in their classrooms.Form 990, Part I Line 6Volunteers perform organizational duties at special events and in the administrative office.Form 990, Part VI, Line 2- Related Party Information Among Officers Tony Boselli - Board MemberAngi Boselli - ChairmanHusband/ WifeAdam Boselli - Board MemberSonForm 990, Part VI, Line 11b- Organization's Process to Review Form 990Form 990 is provided to the Board for its review and approval prior to filing.Form 990, Part VI, Line 15a- Compensation Process for Top Official Board Evaluates Executive Director's salary each year using comparisons with similar size organizations.Form 990 Part VI, Line 19- Governing Documents Disclosure Explanation available upon request.

Financial Statement Notes

Part X : FIN48 Footnote

The Boselli Foundation, Inc. has been recognized as a not-for-profit organization exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code.Professional standards prescribe a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on various related matters such as derecognition, interest, penalties and disclosure required. The Boselli Foundation, Inc. is subject to taxation in the United States and the tax years 2019, 2020, 2021, and 2022 are subject to examination by tax authorities.

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt09614
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IRS990/OtherExpensesGrp/Desc2Meals
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IRS990/OtherExpensesGrp/ProgramServicesAmt14500
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IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0Tony Boselli Jr
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt081238
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0549324
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt041351
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0169155
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleD/RevenueSubtotalAmt0201711
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Boselli Foundation, Inc. has been recognized as a not-for-profit organization exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code.Professional standards prescribe a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on various related matters such as derecognition, interest, penalties and disclosure required. The Boselli Foundation, Inc. is subject to taxation in the United States and the tax years 2019, 2020, 2021, and 2022 are subject to examination by tax authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt0217399
IRS990ScheduleD/TotalRevenuePerForm990Amt0201711
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0201711
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0217399
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board Member Tony Boselli Jr, and The Chairman, Angi Boselli, are married, and Board Member Adam Boselli is their son
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is provided to the Board for its review and approval prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board evaluations executive director's salary each year using comparisons with similar size organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 990 - Organization's Mission or Most Significant Activities The mission of The Boselli Foundation is to build leaders for the next generationthrough academics, athletics, and character development and they accomplish thisthrough two initiatives.Boselli Foundation Mentoring is a leadership development program designed to encourage young men to become functional leaders through empowerment and mentorship.We believe that all men have dignity and worth and must be empowered to live it out. Our goal is to inspire strength, develop character, pursue wholeness and uphold human dignity through rich content, courageous conversations, and practical strategies.The Boselli Teacher Fellowship provides teachers in K-12 classrooms with professional learning opportunities to cultivate skills in the areas of student-centered teaching and effective instructional practices. This year-long program for those with a minimum of two years of teaching experience develops effective educational leaders serving students in Jacksonvilles highest areas of need. Individual coaching, mentoring, and ongoing workshops allow teachers to build knowledge and skills to support students in their classrooms.Form 990, Part I Line 6Volunteers perform organizational duties at special events and in the administrative office.Form 990, Part VI, Line 2- Related Party Information Among Officers Tony Boselli - Board MemberAngi Boselli - ChairmanHusband/ WifeAdam Boselli - Board MemberSonForm 990, Part VI, Line 11b- Organization's Process to Review Form 990Form 990 is provided to the Board for its review and approval prior to filing.Form 990, Part VI, Line 15a- Compensation Process for Top Official Board Evaluates Executive Director's salary each year using comparisons with similar size organizations.Form 990 Part VI, Line 19- Governing Documents Disclosure Explanation available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 SCHEDULE O
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IRS990/TotalAssetsEOYAmt022213
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IRS990/TotalEmployeeCnt01
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt062582
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0118795

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.96$0.01$0.96$4.67$3.71$0.96
2023Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$2.02$2.17$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.95$1.61$0.66
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.00$1.04$1.81$1.48$0.33
2020Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$1.56$1.37$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.70$1.19$0.48
2018Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$1.71$1.80$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.21$0.13$1.08$6.05$6.81$0.76
2016Detailed filing. Detailed filing data is available for this year.$2.30$0.45$1.85$6.40$5.62$0.78
2015Detailed filing. Detailed filing data is available for this year.$1.67$0.60$1.06$5.51$5.32$0.18
2014Detailed filing. Detailed filing data is available for this year.$1.93$1.05$0.88$5.45$5.71$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.79$1.15$5.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$1.27$1.31$4.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$0.03$2.61$4.85