Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Boundless Foundation
990EZ • Fiscal year 2023 • EIN 85-1173781
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
21.56x
Liabilities / Revenue
85th percentile
Higher debt load relative to revenue than 85% of similar nonprofits.
Net Margin
11th percentile
Higher net margin than 11% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
3rd percentile
Faster asset growth than 3% of similar nonprofits.
Revenue Growth
88th percentile
Faster revenue growth than 88% of similar nonprofits.
Balance Sheet
Assets
Down$1,122
Down $54,077 (-98%) from 2022
Net Assets
Down-$23,072
Down $71,019 (-148%) from 2022
Liabilities
Up$24,194
Up $16,942 (+234%) from 2022
Revenue And Expenses
Revenue
Up$159,392
Up $72,412 (+83%) from 2022
Expenses
Up$230,411
Up $209,418 (+998%) from 2022
Net Income
Down-$71,019
Down $137,006 (-208%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- Nov 14, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $159,392
Mission and Program Overview
Mission
VisionTo be the leader of building schools in developing communities that serve as a model for breaking the cycle of poverty and reducing the psychological and emotional impact that lack of opportunity from living a life outside of simply surviving. Mission Raise funding and build 32 community schools in underdeveloped, underserved areas that break the cycle of poverty through immersive, intentional education, and practical skills training with spirituality.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| In 2022, Boundless Foundation continued to grow and make a significant impact in communities where education was once just a dream. In addition to the schools that were completed and fully operational and those where groundbreaking occurred in 2021, there are 4 more schools under construction at the end of 2022 that will support at least 332 children and employ 11 teachers. There are also 5 schools in fundraising stages that will support an additional 837 children and employ 28 teachers. Also, by the end of 2022, Boundless Foundation has expanded its reach to 3 countries (Honduras, Guatemala, and Cameroon). We have partnership agreements with three nonprofits that assist with site location, building management and construction, and teacher employment. These nonprofits are vetted and their history of success is confirmed before forging a partnership to continue our growth and impact.Importantly, the students receive far more than an education at Boundless Foundation schools. In addition to learning to read, write, dream, and grow, the students receive meals and have | $0 | $215,709 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Shannon Rizzo | President | FT | $0 | - | - |
| Jennifer Rawls | Secretary | PT | $0 | - | - |
| Brittany Loukos | Treasurer | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Boundless Foundation
- EIN
- 85-1173781
- Phone
- 6153071198
- Address
- 718 Thompson Lane 108-217, Nashville, TN 37204
Signing Officer
- Name
- Shannon Rizzo
- Title
- President
- Phone
- 6152902907
- Signed
- 2023-11-14
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Alice Crafts CPA LLC
- Address
- 4525 Harding Pike Suite 200, Nashville, TN 37205
- Preparer
- Alice Crafts CPA LLC
- Phone
- 6153310500
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 16 - Other Expenses
“Description: Advertising. Amount: 416. Description: Office. Amount: 3596. Description: Payment processing fees. Amount: 1339. Description: Shipping. Amount: 118. Description: Taxes and licenses. Amount: 30. Description: Interest paid. Amount: 215. Description: PayPal fees. Amount: 55. Description: School program costs. Amount: 154503. Description: Travel. Amount: 4656. Description: Bank charges. Amount: 955. Description: Insurance. Amount: 424. Description: Job supplies. Amount: 15. Description: Legal and professional. Amount: 6040. Total to Form 990-EZ, line 16: 172362.”
Form 990-EZ, Part II, Line 24 - Other Assets
“Description: Expense receivables. Beg. of Year Amount: 307. End of Year Amount: 307.”
Form 990-EZ, Part II, Line 26 - Other Liabilities
“Description: Credit cards payable. Beg. of Year Amount: 7252. End of Year Amount: 2983. Description: Loan payable. Beg. of Year Amount: 0. End of Year Amount: 21211.”
Raw XML Appendix149 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Shannon Rizzo |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6153310500 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 4525 Harding Pike Suite 200 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Nashville |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 37205 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 54892 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 815 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 159392 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -71019 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 58049 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 55199 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 1122 |
| IRS990EZ/GrossReceiptsAmt | 0 | 159392 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 47947 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -23072 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 47947 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -23072 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Shannon Rizzo |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Jennifer Rawls |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Brittany Loukos |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 307 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 307 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 172362 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | VisionTo be the leader of building schools in developing communities that serve as a model for breaking the cycle of poverty and reducing the psychological and emotional impact that lack of opportunity from living a life outside of simply surviving. Mission Raise funding and build 32 community schools in underdeveloped, underserved areas that break the cycle of poverty through immersive, intentional education, and practical skills training with spirituality. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | In 2022, Boundless Foundation continued to grow and make a significant impact in communities where education was once just a dream. In addition to the schools that were completed and fully operational and those where groundbreaking occurred in 2021, there are 4 more schools under construction at the end of 2022 that will support at least 332 children and employ 11 teachers. There are also 5 schools in fundraising stages that will support an additional 837 children and employ 28 teachers. Also, by the end of 2022, Boundless Foundation has expanded its reach to 3 countries (Honduras, Guatemala, and Cameroon). We have partnership agreements with three nonprofits that assist with site location, building management and construction, and teacher employment. These nonprofits are vetted and their history of success is confirmed before forging a partnership to continue our growth and impact.Importantly, the students receive far more than an education at Boundless Foundation schools. In addition to learning to read, write, dream, and grow, the students receive meals and have |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 215709 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | TN |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 7252 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 24194 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 230411 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 215709 |
| IRS990EZ/TotalRevenueAmt | 0 | 159392 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | ourboundlessfoundation.org |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 159392 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 86980 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 44455 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 290827 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 290827 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 159392 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 86980 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 44455 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 290827 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 290827 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description: Advertising. Amount: 416. Description: Office. Amount: 3596. Description: Payment processing fees. Amount: 1339. Description: Shipping. Amount: 118. Description: Taxes and licenses. Amount: 30. Description: Interest paid. Amount: 215. Description: PayPal fees. Amount: 55. Description: School program costs. Amount: 154503. Description: Travel. Amount: 4656. Description: Bank charges. Amount: 955. Description: Insurance. Amount: 424. Description: Job supplies. Amount: 15. Description: Legal and professional. Amount: 6040. Total to Form 990-EZ, line 16: 172362. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description: Expense receivables. Beg. of Year Amount: 307. End of Year Amount: 307. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description: Credit cards payable. Beg. of Year Amount: 7252. End of Year Amount: 2983. Description: Loan payable. Beg. of Year Amount: 0. End of Year Amount: 21211. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 16 - Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part II, Line 24 - Other Assets |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 26 - Other Liabilities |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Shannon Rizzo |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6152902907 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Boundless Foundation |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BOUN |
| ReturnHeader/Filer/EIN | 0 | 851173781 |
| ReturnHeader/Filer/PhoneNum | 0 | 6153071198 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 718 Thompson Lane 108-217 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Nashville |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 37204 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 203829763 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Alice Crafts CPA LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 4525 Harding Pike Suite 200 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Nashville |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 37205 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6153310500 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-11-09 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Alice Crafts CPA LLC |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2023-11-14T16:35:23-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Shannon |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Rizzo |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $1,122
- Liabilities
- $24,194
- Net assets
- -$23,072
- Revenue
- $159,392
- Expenses
- $230,411
- Net income
- -$71,019
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2024Detailed filing. Detailed filing data is available for this year. | $0.06 | $0.12 | $0.06 | $0.62 | $0.44 | $0.17 |
| 2023Detailed filing. Detailed filing data is available for this year. | $0.01 | $0.24 | $0.23 | $1.59 | $2.30 | $0.71 |
| 2022Detailed filing. Detailed filing data is available for this year. | $0.55 | $0.07 | $0.48 | $0.87 | $0.21 | $0.66 |