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CHARITY REVIEW
Issued: February 2024 Expires: February 2026

Boulder Crest Foundation

Accredited Charity
Accredited Charity

Meets Standards

Accreditation seal
33735 Snickersville Turnpike, Post Office Box 117
Bluemont, VA, 20135

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Boulder Crest Foundation meets the 20 Standards for Charity Accountability.

Stated Purpose:
"to provide free, world class, short-duration, high-impact retreats for combat veterans and their families."

Year, State Incorporated:
2010, VA

Boulder Crest Retreat Foundation (BCRF) is a rural wellness center dedicated to combat veterans, first responders and their family members. The organization operates two facilities: Boulder Crest Retreat Virginia, a 37-acre facility located in the Blue Ridge Mountains in Bluemont, Virginia, and Boulder Crest Retreat Arizona, a 130-acre ranch located inside the Coronado National Forest in Sonoita, Arizona. The organization offers two programs. The Progressive and Alternative Training for Healing Heroes program (PATHH) focuses on Post Traumatic Stress Disorder and provides warriors and their families with the opportunity to process their traumatic experiences through posttraumatic growth training techniques. The organization's Family Rest and Reconnection program (R&R) stays provide families with the ability to enjoy valuable time together.

For the year ended December 31, 2022, Boulder Crest Foundation's program expenses were:

Program services: $23,296,945

Total Program Expenses: $23,296,945

Chief Executive
Josh Goldberg, Chief Executive Officer

Compensation*
$186,919

Chair of the Board
Kenneth Falke

Chair's Profession / Business Affiliation
Retired

Board Size
20

Paid Staff Size
45

*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. Sarah Fehrer, Executive Vice President, was the highest paid employee in 2022 and received compensation of $200,258.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Special events

Fundraising costs were 6% of related contributions. (Related contributions, which totaled $29,536,059, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Boulder Crest Foundation's audited financial statements for the year ended December 31, 2022.

Source of Funds
Sponsorship revenue $500,000
Seminar income, net $250,576
Book sales, net $85,279
Investment return, net $-60,488
Other revenue $179,069
Contributed financial assets $21,276,759
Grants $6,868,482
Contributed nonfinancial assets $235,188
Special events, net $655,630
Total Income $30,068,318

Programs: 90% Fundraising: 6% Administrative: 4%

Total Income $30,068,318
Total expenses: $25,989,055
  Program expenses $23,296,945
  Fundraising expenses $1,636,286
  Administrative expenses $1,055,824
  Other expenses $0
Income in Excess of Expenses $4,079,263
Beginning Net Assets $39,622,938
Other Changes In Net Assets $-2,305
Ending Net Assets $43,622,073
Total Liabilities $771,856
Total Assets $44,393,929

Note 1: In the above financial saction, "other changes in net assets" represents loss on disposal of assets.

Note 2: According to the organization's audited financial statements for the year ended December 31, 2022, BCRF received in-kind contributions of $235,188 including donated fundraising event supplies ($151,164), other ($50,000), family rest and relaxation ($32,505), and cabin supplies ($1,519).

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB Wise Giving Alliance