Boundless Strategic Resources Inc
- Assets
- $10.6m
- Revenue
- $19.5m
- Investments
- $0.0
- Employees
- 44
- Location
- Worthington, OH
- Founding
- 12/2002
- Data as of
- 12/2021
- EIN
- 01-0684796
Organization Overview
Boundless Strategic Resources Inc is located in Worthington, OH. The organization was established in 2002. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 12/2021, Boundless Strategic Resources Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boundless Strategic Resources Inc 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 12/2021, Boundless Strategic Resources Inc generated $19.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $20.8m during the year ending 12/2021. While expenses have increased by 7.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING A WORLD THAT REALIZES THE BOUNDLESS POTENTIAL OF ALL PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOUNDLESS HEALTH PROVIDES SERVICES TO CHILDREN AND YOUNG ADULTS WITH INTELLECTUAL AND BEHAVIORAL DISABILITIES BY PROVIDING EDUCATIONAL AND BEHAVIOR SUPPORT SERVICES. THIS PAST YEAR, SERVICES HAVE BEEN RENDERED TO 2,125 CHILDREN AND YOUNG ADULTS WITH MENTAL HEALTH CHALLENGES AND DEVELOPMENTAL DISORDERS, AND THEIR FAMILIES.
PROVIDE INTENSIVE RESIDENTIAL SERVICES FOR MULTI-SYSTEM ENGAGED YOUTH WITH COMPLEX BEHAVIORAL AND MEDICAL NEEDS WHO ARE NOT ABLE TO BE SUPPORTED IN THE COMMUNITY OR IN TRADITIONAL RESIDENTIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nithya Ramanathan Medical Director | 20 | $118,825 | |
Patrick Maynard President & CEO | Officer | 12 | $40,960 |
Mary Ann Krauss Vice Chair | OfficerTrustee | 0.25 | $0 |
Bill Forquer Chariman | OfficerTrustee | 0.25 | $0 |
Sue Ralph Secretary | OfficerTrustee | 0.25 | $0 |
Ronald Calhoun Treasurer | OfficerTrustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davis Wince Ltd General Construction | 12/30/21 | $375,091 |
Tenby Construction Llc Construciton | 12/30/21 | $202,608 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,156,180 |
| Government grants | $36,754 |
| All other contributions, gifts, grants, and similar amounts not included above | $386,135 |
| Noncash contributions included in lines 1a–1f | $155,669 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,579,069 |
| Total Program Service Revenue | $16,425,443 |
| Investment income | $1,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $330,002 |
| Net Gain/Loss on Asset Sales | -$7,753 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,458,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,818 |
| Compensation of current officers, directors, key employees. | $1,148 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,933,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,290,549 |
| Payroll taxes | $1,035,239 |
| Fees for services: Management | $2,206,186 |
| Fees for services: Legal | $25,725 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $702,167 |
| Advertising and promotion | $131,631 |
| Office expenses | $132,160 |
| Information technology | $278,033 |
| Royalties | $0 |
| Occupancy | $785,994 |
| Travel | $59,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,840 |
| Interest | $241,999 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $410,692 |
| Insurance | $117,287 |
| All other expenses | $5,062 |
| Total functional expenses | $20,843,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,808 |
| Savings and temporary cash investments | $573,928 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $738,361 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $119,162 |
| Net Land, buildings, and equipment | $8,581,252 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,204 |
| Total assets | $10,612,715 |
| Accounts payable and accrued expenses | $1,754,214 |
| Grants payable | $0 |
| Deferred revenue | $122,331 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,169,709 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $616,350 |
| Total liabilities | $7,662,604 |
| Net assets without donor restrictions | $2,910,433 |
| Net assets with donor restrictions | $39,678 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,612,715 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Boundless Strategic Resources Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Ingram-White Castle Foundation Columbus, OH PURPOSE: HEALTH | $25,000 |
Community Fund Management Foundation Middleburg Heights, OH PURPOSE: PURCHASE OF EQUIPMENT FOR 5 SENSORY AREAS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Institute Of Pittsburgh Pittsburgh, PA | $161,136,560 | $38,389,576 |
Western Pennsylvania School For Blind Children Pittsburgh, PA | $69,573,969 | $29,978,055 |
Overbrook School For The Blind Philadelphia, PA | $240,732,911 | $37,096,319 |
Western Pennsylvania School For The Deaf Pittsburgh, PA | $151,023,004 | $35,138,209 |
Little Star Center Inc Carmel, IN | $4,849,265 | $23,180,469 |
The Education Center At The Watson Institute Sewickley, PA | $42,051,186 | $19,609,011 |
Boundless Strategic Resources Inc Worthington, OH | $10,612,715 | $19,458,907 |
Valley Forge Educational Services Malvern, PA | $33,395,949 | $20,218,113 |
Pennsylvania School For The Deaf Philadelphia, PA | $50,307,552 | $18,217,495 |
Gibault Inc Terre Haute, IN | $35,353,670 | $13,928,805 |
Pathway School Jeffersonville, PA | $3,810,841 | $12,917,266 |
Camphill Special School Inc Glenmoore, PA | $20,430,616 | $13,695,303 |