Boustead Family Foundation Inc

Adirondack, NY
Tax-exempt since Aug. 1998
EIN: 52-2097838

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$292k (2024)

Expenses

$272k (2024)

Total Assets

$3.48M (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$292,044

Expenses

$272,325

Net Income

$19,719

Net Assets

$3,479,271

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$434	0.1%
Dividends	$128,295	43.9%
Sales of Assets	$163,315	55.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$202,125	74.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,479,271
Total Liabilities	$0
Net Assets	$3,479,271

Compensation

Key Employees and Officers	Compensation	Other
Douglas Boustead (President)	$0	$0
Michael Boustead (Secretary/Treasurer)	$0	$0

990-PF

Filed on May 12, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$292,679

Expenses

$263,205

Net Income

$29,474

Net Assets

$3,591,521

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,967	0.7%
Dividends	$121,187	41.4%
Sales of Assets	$143,169	48.9%
Other Income	$26,356	9.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$202,125	76.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,591,521
Total Liabilities	$0
Net Assets	$3,591,521

Compensation

Key Employees and Officers	Compensation	Other
Douglas Boustead (President)	$0	$0
Michael Boustead (Secretary/Treasurer)	$0	$0

990-PF

Filed on May 9, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$181,459

Expenses

$268,426

Net Income

-$86,967

Net Assets

$3,577,606

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13	0.0%
Dividends	$56,163	31.0%
Sales of Assets	$123,553	68.1%
Other Income	$1,730	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$201,875	75.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,577,606
Total Liabilities	$0
Net Assets	$3,577,606

Compensation

Key Employees and Officers	Compensation	Other
Douglas Boustead (President)	$0	$0
Michael Boustead (Secretary/Treasurer)	$0	$0

990-PF

Filed on May 5, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$484,741

Expenses

$273,315

Net Income

$211,426

Net Assets

$3,661,302

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$134,324	27.7%
Sales of Assets	$350,415	72.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$204,297	74.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,661,302
Total Liabilities	$0
Net Assets	$3,661,302

Compensation

Key Employees and Officers	Compensation	Other
Douglas Boustead (President)	$0	$0
Michael Boustead (Secretary/Treasurer)	$0	$0

990-PF

Filed on May 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$431,208

Expenses

$233,786

Net Income

$197,422

Net Assets

$3,453,792

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$79,378	18.4%
Sales of Assets	$351,828	81.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$183,750	78.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,453,793
Total Liabilities	$1
Net Assets	$3,453,792

Compensation

Key Employees and Officers	Compensation	Other
Douglas Boustead (President)	$0	$0
Michael Boustead (Secretary/Treasurer)	$0	$0

990-PF

Filed on May 13, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$213,551

Expenses

$253,115

Net Income

-$39,564

Net Assets

$3,276,213

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$292	0.1%
Dividends	$102,477	48.0%
Sales of Assets	$110,762	51.9%
Other Income	$20	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$205,500	81.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,276,214
Total Liabilities	$1
Net Assets	$3,276,213

Compensation

Key Employees and Officers	Compensation	Other
Douglas Boustead (President)	$0	$0
Michael Boustead (Secretary/Treasurer)	$0	$0

990-PF

Filed on July 10, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$426,806

Expenses

$222,663

Net Income

$204,143

Net Assets

$3,787,959

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$48,023	11.3%
Sales of Assets	$303,416	71.1%
Other Income	$75,367	17.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$180,241	80.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,787,959
Total Liabilities	$0
Net Assets	$3,787,959

Compensation

Key Employees and Officers	Compensation	Other
Douglas Boustead (President)	$0	$0
Michael Boustead (Secretary/Treasurer)	$0	$0

990-PF

Filed on Sept. 11, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Revenue

$93,189

Expenses

$230,521

Net Income

-$137,332

Net Assets

$3,470,178

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$43,874	47.1%
Sales of Assets	$43,676	46.9%
Other Income	$5,639	6.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$185,947	80.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,470,178
Total Liabilities	$0
Net Assets	$3,470,178

Compensation

Key Employees and Officers	Compensation	Other
Douglas Boustead (President)	$0	$0
Michael Boustead (Secretary/Treasurer)	$0	$0

990-PF

Filed on Nov. 14, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$258,910

Expenses

$240,337

Net Income

$18,573

Net Assets

$3,462,300

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$87,980	34.0%
Sales of Assets	$140,454	54.2%
Other Income	$30,476	11.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$180,025	74.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,462,300
Total Liabilities	$0
Net Assets	$3,462,300

Compensation

Key Employees and Officers	Compensation	Other
Douglas Boustead (President)	$0	$0
Michael Boustead (Secretary/Treasurer)	$0	$0

990-PF

Filed on Nov. 10, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Revenue

$267,488

Expenses

$251,995

Net Income

$15,493

Net Assets

$3,900,361

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$103,306	38.6%
Sales of Assets	$135,749	50.7%
Other Income	$28,433	10.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$176,208	69.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,900,361
Total Liabilities	$0
Net Assets	$3,900,361

Compensation

Key Employees and Officers	Compensation	Other
Douglas Boustead (President)	$0	$0
Michael Boustead (Secretary/Treasurer)	$0	$0

990-PF

Filed on Nov. 12, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$404,857

Expenses

$226,850

Net Income

$178,007

Net Assets

$3,933,742

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$119,087	29.4%
Sales of Assets	$270,214	66.7%
Other Income	$15,556	3.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$171,247	75.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,933,742
Total Liabilities	$0
Net Assets	$3,933,742

Compensation

Key Employees and Officers	Compensation	Other
Douglas Boustead (President)	$0	$0
Michael Boustead (Secretary/Treasurer)	$0	$0

990-PF

Filed on Aug. 26, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$251,347

Expenses

$211,883

Net Income

$39,464

Net Assets

$3,492,694

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$123,025	48.9%
Sales of Assets	$128,322	51.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$162,572	76.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,492,695
Total Liabilities	$1
Net Assets	$3,492,694

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$212,478

Expenses

$183,853

Net Income

$28,625

Net Assets

$3,173,805

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$92,185	43.4%
Sales of Assets	$120,293	56.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$153,155	83.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,173,806
Total Liabilities	$1
Net Assets	$3,173,805

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Boustead Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $292k (2024)

Expenses $272k (2024)

Total Assets $3.48M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Revenue

$292k (2024)

Expenses

$272k (2024)

Total Assets

$3.48M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001