Boundless Foundation
- Assets
- $1.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- Data as of
- 06/2023
- EIN
- 85-1173781
Organization Overview
Boundless Foundation is located in Nashville, TN. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boundless 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 06/2023, Boundless Foundation generated $159.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $230.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
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
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Rizzo President | 40 | $0 | |
Jennifer Rawls Secretary | 10 | $0 | |
Brittany Loukos Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,392 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $159,392 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $58,049 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $172,362 |
| Total expenses | $230,411 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $815 |
| Other assets | $0 |
| Total assets | $1,122 |
| Total liabilities | $24,194 |
| Net assets or fund balances | -$23,072 |