Passes our checks

Bco Benevolence Fund Inc

EIN 56-2501835 · Jacksonville, FL

Public records show a registered, tax-exempt organization in good standing.

What it says it does

AWARD EMERGENCY HARDSHIP ASSISTANCE

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Strong: 100 out of 100. Higher than 82% of charities in its peer group (philanthropy, under $250k).

Reserves
35 of 35
Spendable reserves would cover 26.6 months of spending.
Debt
20 of 20
It owes 0% of what it owns.
Living within its means
15 of 15
Income exceeded spending by 28% of income.
Income trend
15 of 15
Income rose 11% on the year before.
Spending floor
15 of 15
95% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 62 out of 100. Higher than 46% of charities in its peer group (philanthropy, under $250k).

Independent board
5 of 25
0 of 6 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
8 of 8
Has a written whistleblower policy.
Record keeping policy
7 of 7
Has a written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
0 of 10
Did not give the board a copy of this return before filing it.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$137,663 spent. The BCO Benevolence Fund, Inc. was formed for the purpose of providing emergency hardship assistance to the Business Capacity Owners (BCOs) under contract to Landstar System, Inc. and its subsidiaries and the immediate family members of those BCOs. BCOs are not employees of the Landstar System, rather they are small business owners and independent owner operators of sales facilities and equipment serving Landstar. The fund is designed to provide such emergency assistance to individuals in need. It is anticipated that the grants would be made for food, clothing, housing, repairs, transportation, medical assistance, funeral expenses, and other goods and services typically associated with an unforeseen event or circumstance such as a hurricane, fire, death, medical illness or accident. In order to receive an emergency hardship grant from the fund, the individual shall submit the required application and sufficient supporting documentation to support a finding that the recipient is "distressed"needy" as a result of an unforeseen event or circumstance. The fund distributed 42 grants during 2024 for a total of $137,663, an average of approximately $3,277 per grant recipient.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2005.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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