THE BOMA PROJECT INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
THE BOMA PROJECT INC (EIN 84-1671995)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202433209349315948
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-15T14:48:53-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN030325875PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DAVIS & HODGDON ASSOCIATES CPAS PLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line133 BLAIR PARK RD STE 201AddressLine1Txt
CityWILLISTONCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05495ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN841671995EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE BOMA PROJECT INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBOMABusinessNameControlTxt
Phone8022312542PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1865AddressLine1Txt
CityMANCHESTER CENTERCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05255ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTEPHEN J KELLYPersonNm
Person TitleTREASURER & COOPersonTitleTxt
Phone8028755257PhoneNum
Signature2024-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRET HODGDONPreparerPersonNm
PTINP00497283PTIN
Phone8028781963PhoneNum
Preparation2024-11-15PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSTEPHEN J KELLYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1865AddressLine1Txt
CityMANCHESTER CENTERCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05255ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$12,151,338GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BOMAPROJECT.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2005FormationYr
Legal Domicile StateVTLegalDomicileStateCd
Activity Or MissionBOMA'S MISSION IS TO PROVIDE THE PEOPLE AND GOVERNMENTS OF AFRICA'S DRYLANDS WITH ECONOMIC INCLUSION PROGRAMS THAT INCREASE RESILIENCE TO ECONOMIC AND ENVIRONMENTAL SHOCKS.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee12TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,374,755PYContributionsGrantsAmt
CY Contributions Grants$11,933,112CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$22,976PYInvestmentIncomeAmt
CY Investment Income$216,740CYInvestmentIncomeAmt
PY Other Revenue$1,981PYOtherRevenueAmt
CY Other Revenue$366CYOtherRevenueAmt
PY Total Revenue$1,399,712PYTotalRevenueAmt
CY Total Revenue$12,150,218CYTotalRevenueAmt
PY Grants And Similar Paid$3,699,403PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$11,670,968CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$409,690PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,533,375CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$505,242CYTotalFundraisingExpenseAmt
PY Other Expenses$256,054PYOtherExpensesAmt
CY Other Expenses$638,085CYOtherExpensesAmt
PY Total Expenses$4,365,147PYTotalExpensesAmt
CY Total Expenses$13,842,428CYTotalExpensesAmt
PY Revenues Less Expenses-$2,965,435PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,692,210CYRevenuesLessExpensesAmt
Total Assets BOY$10,648,272TotalAssetsBOYAmt
Total Assets EOY$9,136,282TotalAssetsEOYAmt
Total Liabilities BOY$72,926TotalLiabilitiesBOYAmt
Total Liabilities EOY$190,365TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$10,575,346NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$8,945,917NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionBOMA'S MISSION IS TO PROVIDE THE PEOPLE AND GOVERNMENTS OF AFRICA'S DRYLANDS WITH ECONOMIC INCLUSION PROGRAMS THAT INCREASE RESILIENCE TO ECONOMIC AND ENVIRONMENTAL SHOCKS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$11,114,391ExpenseAmt
Grant$10,619,507GrantAmt
DescTHE RURAL ENTREPRENEUR ACCESS PROJECT ("REAP") IS AN INNOVATIVE, DATA DRIVEN, HIGH-IMPACT, GENDER FOCUSED POVERTY GRADUATION PROGRAM THAT TARGETS ULTRA-POOR WOMEN AT THE EPICENTER OF EXTREME POVERTY, CLIMATE CHANGE AND THE TRUE "LAST MILE" OF ECONOMIC AND SOCIAL-ISOLATION. THROUGH A TWO-YEAR PROCESS OF SEQUENCED INTERVENTIONS - INCLUDING A CASH TRANSFER TO START A SMALL BUSINESS, FINANCIAL AND LIFE SKILLS TRAINING, MENTORING, AND A SAVINGS PROGRAM - REAP HELPS THE POOREST AND MOST VULNERABLE WOMEN ESTABLISH SAVINGS TO BUILD THEIR RESILIENCE TO SHOCKS AND LIFT THEMSELVES AND THEIR FAMILIES OUT OF EXTREME POVERTY. ON AVERAGE, 96% OF WOMEN "GRADUATE" FROM EXTREME POVERTY BASED ON BOMA'S STRICT CRITERIA, MEANING THEY HAVE FOOD FOR THEIR CHILDREN, DIVERSIFIED INCOME AND SAVINGS, AND THE ABILITY TO PAY FOR LIFE-CHANGING RESOURCES LIKE EDUCATION AND MEDICAL CARE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,305,616ExpenseAmt
Grant$1,051,292GrantAmt
DescTECHNICAL ADVISORY - AS A STRATEGIC PARTNER AND TECHNICAL ADVISOR TO NON- GOVERNMENTAL ORGANIZATIONS, BOMA LEVERAGES ITS EXPERTISE AND CONCLUSIVE EVIDENCE OF IMPACT TO EMBED THE GRADUATION APPROACH INTO HUMANITARIAN RESPONSE SYSTEMS IN FRAGILE STATES AND REGIONS. AS A TECHNICAL ADVISOR TO GOVERNMENTS, BOMA SUPPORTS THE ACTIVITIES AND PROCESSES THAT WILL LEAD TO THE ADOPTION OF THE GRADUATION APPROACH INTO SOCIAL PROTECTION SYSTEMS, BEGINNING WITH KENYA.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$291,960ExpenseAmt
Grant$169GrantAmt
DescEDUCATION AND ADVOCACY - BOMA HAS A STRONG COMMITMENT TO EXPAND THE KNOWLEDGE OF POVERTY GRADUATION, LIVELIHOODS, GENDER PROGRAMMING, FINANCIAL INCLUSION, AND SAVINGS MODELS BY COLLABORATING WITH RESEARCH INSTITUTIONS AND PARTNERS THAT CAN HELP US ADVANCE GLOBAL KNOWLEDGE OF THE UNIQUE CHALLENGES IN THE ARID LANDS OF AFRICA. BOMA CONTINUES TO BRING THE ISSUES OF THE MOST VULNERABLE POPULATIONS IN FORGOTTEN AREAS INTO GLOBAL DEBATE THROUGH PUBLICATIONS AND SPEAKING ENGAGEMENTS. IN ADDITION, BOMA CONDUCTS OUTREACH WITH GOVERNMENTS AND OTHER STAKEHOLDERS IN THE POVERTY GRADUATION FIELD BY HOSTING POVERTY GRADUATION LEARNING EVENTS, FIELD VISITS, AND BRIEFINGS FOR GOVERNMENT DELEGATIONS, SUCH AS FOR KENYA, ETHIOPIA AND SUDAN, WHO ARE INTERESTED IN TESTING BOMA'S MODEL IN THEIR COUNTRIES.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$12,711,967TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgYes (true)MoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee12EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldMEStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldRIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldVAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldVTStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSTEPHEN J KELLYPersonNm
Phone8022312542PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1865AddressLine1Txt
CityMANCHESTER CENTERCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05255ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
H PERRY BOYLE JR
CHAIR2.00Yes (X)Yes (X)$0$0$0
ELSIE MBUGUA
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
WILLIAM AMBROSE
DIRECTOR1.00Yes (X)$0$0$0
PATRICIA CAMPBELL
DIRECTOR1.00Yes (X)$0$0$0
GREGORY COUSSA
DIRECTOR1.00Yes (X)$0$0$0
FRANK DEGIOVANNI
DIRECTOR1.00Yes (X)$0$0$0
JACQUELINE DEL ROSSI
DIRECTOR1.00Yes (X)$0$0$0
MARK FLYNN
DIRECTOR1.00Yes (X)$0$0$0
MOGES GEBREMEDHIN
DIRECTOR1.00Yes (X)$0$0$0
SPRING HOLLIS
DIRECTOR1.00Yes (X)$0$0$0
JOHN T STEPHENS
CEO45.00Yes (X)$107,708$0$15,293
STEPHEN J KELLY
TREASURER &45.00Yes (X)$215,508$0$21,536
JAYA TIWARI
VP/DIR STRAT45.00$217,751$0$13,065Yes (X)
ANNA MECAGNI
CHIEF PROG O45.00Yes (X)$186,945$0$11,217
BRENDA SCHUSTER
SR. DIR. OF45.00$140,637$0$9,300Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$868,549TotalReportableCompFromOrgAmt
Total Other Compensation$70,411TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$3,450,391GovernmentGrantsAmt
All Other Contributions$8,482,721AllOtherContributionsAmt
Total Contributions$11,933,112TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$216,740TotalRevenueColumnAmt
Exclusion$216,740ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,120SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,120SecuritiesAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$366TotalRevenueColumnAmt
Exclusion$366ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$366OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,150,218TotalRevenueColumnAmt
Exclusion$217,106ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$11,670,968TotalAmt
Program Services$11,670,968ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$361,102TotalAmt
Program Services$160,203ProgramServicesAmt
Management And General$107,732ManagementAndGeneralAmt
Fundraising$93,167FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$981,824TotalAmt
Program Services$441,770ProgramServicesAmt
Management And General$286,259ManagementAndGeneralAmt
Fundraising$253,795FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$46,520TotalAmt
Program Services$21,120ProgramServicesAmt
Management And General$12,877ManagementAndGeneralAmt
Fundraising$12,523FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$60,401TotalAmt
Program Services$19,028ProgramServicesAmt
Management And General$27,088ManagementAndGeneralAmt
Fundraising$14,285FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$83,528TotalAmt
Program Services$35,974ProgramServicesAmt
Management And General$27,452ManagementAndGeneralAmt
Fundraising$20,102FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,228TotalAmt
Management And General$1,228ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$20,900TotalAmt
Management And General$20,900ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$289,763TotalAmt
Program Services$188,565ProgramServicesAmt
Management And General$39,022ManagementAndGeneralAmt
Fundraising$62,176FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$7,140TotalAmt
Program Services$2,132ProgramServicesAmt
Management And General$3,413ManagementAndGeneralAmt
Fundraising$1,595FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$184,481TotalAmt
Program Services$116,966ProgramServicesAmt
Management And General$49,307ManagementAndGeneralAmt
Fundraising$18,208FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$9,709TotalAmt
Management And General$9,709ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$78,277TotalAmt
Program Services$44,450ProgramServicesAmt
Management And General$20,290ManagementAndGeneralAmt
Fundraising$13,537FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$10,463TotalAmt
Program Services$2,439ProgramServicesAmt
Management And General$7,085ManagementAndGeneralAmt
Fundraising$939FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$8,566TotalAmt
Program Services$3,806ProgramServicesAmt
Management And General$2,408ManagementAndGeneralAmt
Fundraising$2,352FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
BANK AND OTHER FEES$24,174$2,336$10,050$11,788
OUTREACH AND PUBLICATIONS$3,384$2,210$399$775

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$13,842,428TotalAmt
Program Services$12,711,967ProgramServicesAmt
Management And General$625,219ManagementAndGeneralAmt
Fundraising$505,242FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$23,975BOYAmt
EOY$81,506EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$8,719,474BOYAmt
EOY$1,332,749EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$842,571BOYAmt
EOY$144,182EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,420BOYAmt
EOY$3,499EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$44,131BOYAmt
EOY$38,586EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,016,701BOYAmt
EOY$7,535,760EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,648,272BOYAmt
EOY$9,136,282EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$72,926BOYAmt
EOY$190,365EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$72,926BOYAmt
EOY$190,365EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,624,174BOYAmt
EOY$6,108,632EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,951,172BOYAmt
EOY$2,837,285EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,575,346BOYAmt
EOY$8,945,917EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,648,272BOYAmt
EOY$9,136,282EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,692,210ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$62,781NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,759,071CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$15,078,496CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$10,625,906CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,374,755CurrentTaxYearMinus1YearAmt
Current Tax Year$11,933,112CurrentTaxYearAmt
Total$43,771,340TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,759,071CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$15,078,496CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$10,625,906CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,374,755CurrentTaxYearMinus1YearAmt
Current Tax Year$11,933,112CurrentTaxYearAmt
Total$43,771,340TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$19,251,539SubstantialContributorsTotAmt
Public Support Total170$24,519,801PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$11,617CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$13,885CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$25,694CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$19,962CurrentTaxYearMinus1YearAmt
Current Tax Year$216,740CurrentTaxYearAmt
Total$287,898TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,815CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,437CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,185CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,981CurrentTaxYearMinus1YearAmt
Current Tax Year$366CurrentTaxYearAmt
Total$7,784TotalAmt
FieldValueIRS element (for citing)
Total Support$44,067,022TotalSupportAmt
Public Support CY1700.55640PublicSupportCY170Pct
Public Support PY1700.52970PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, LINE 10FormAndLineReferenceDesc
Explanation7,418ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$12,212,999TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$62,781NetUnrealizedGainsInvstAmt
Revenue Not Reported$62,781RevenueNotReportedAmt
Revenue Subtotal$12,150,218RevenueSubtotalAmt
Total Revenue Per Form990$12,150,218TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$13,842,428TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$13,842,428ExpensesSubtotalAmt
Total Expenses Per Form990$13,842,428TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 3, PART XFormAndLineReferenceDesc
ExplanationTHE ORGANIZATION ANNUALLY FILES AN IRS FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, TAX RETURN IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATION BY TAX AUTHORITIES FOR THE YEARS PRIOR TO DECEMBER 31, 2020. IN THE NORMAL COURSE OF BUSINESS, THE ORGANIZATION IS SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES. ALTHOUGH THE OUTCOME OF TAX AUDITS IS ALWAYS UNCERTAIN, THE MANAGEMENT OF THE ORGANIZATION BELIEVES THAT THERE ARE NO SIGNIFICANT UNRECOGNIZED TAX LIABILITIES AT DECEMBER 31, 2023.ExplanationTxt

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxtType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
SUB-SAHARAN AFRICAGRANTS TO NGORURAL ENTREPRENEURS$10,319,829
SUB-SAHARAN AFRICAGRANTS TO PARTNERSRURAL ENTREPRENEURS$525,420
SUB-SAHARAN AFRICAGRANTS TO PARTNERSRURAL ENTREPRENEURS$825,719
FieldValueIRS element (for citing)
Subtotal Spent$11,670,968SubtotalSpentAmt
Total Spent$11,670,968TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (3 entries)

RegionRegionTxtPurpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
SUB-SAHARAN AFRICAPROGRAM SUPPORT$10,319,829WIRE TRANSFER
SUB-SAHARAN AFRICAPROGRAM SUPPORT$525,420WIRE TRANSFER
SUB-SAHARAN AFRICAPROGRAM SUPPORT$825,719WIRE TRANSFER
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org2TotalOtherOrgCnt
Transfer To Foreign CorpfalseTransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE F, PAGE 1, PART I, LINE 3SUB-SAHARAN AFRICA 10,319,829 0 SUB-SAHARAN AFRICA 525,420 0 SUB-SAHARAN AFRICA 825,719 0
SCHEDULE F, PAGE 5, PART VPART I LINE 2: FOR GRANTS TO ORGANIZATIONS OUTSIDE THE U.S., THE ORGANIZATION REQUIRES A DETAILED MONTHLY ACCOUNTING OF ALL FUNDS TRANSFERRED. FOR SUBGRANTS TO GRANT PARTNERS, AMOUNTS ARE PAID TO GRANT PARTNERS IN ACCORDANCE WITH GRANT BUDGETS ONCE THE GRANT PARTNERS SUBMIT CLAIMS FOR DISBURSEMENTS. PART I LINE 3 COL (F): ALL OF THE AMOUNTS LISTED IN COLUMN (F) WERE CASH GRANTS TO A KENYAN NGO OR SUBGRANTS TO GRANT PARTNERS AND ARE RECORDED ON AN ACCRUAL BASIS.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmt
STEPHEN J KELLY
TREASURER & COO$215,508$12,930$8,606$237,044
JAYA TIWARI
VP/DIR STRAT PARTNER$217,751$13,065$230,816
ANNA MECAGNI
CHIEF PROG OFFICER$186,945$11,217$198,162

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4ATHE RURAL ENTREPRENEUR ACCESS PROJECT ("REAP") IS AN INNOVATIVE, DATA DRIVEN, HIGH-IMPACT, GENDER FOCUSED POVERTY GRADUATION PROGRAM THAT TARGETS ULTRA-POOR WOMEN AT THE EPICENTER OF EXTREME POVERTY, CLIMATE CHANGE AND THE TRUE "LAST MILE" OF ECONOMIC AND SOCIAL-ISOLATION. THROUGH A TWO-YEAR PROCESS OF SEQUENCED INTERVENTIONS - INCLUDING A CASH TRANSFER TO START A SMALL BUSINESS, FINANCIAL AND LIFE SKILLS TRAINING, MENTORING, AND A SAVINGS PROGRAM - REAP HELPS THE POOREST AND MOST VULNERABLE WOMEN ESTABLISH SAVINGS TO BUILD THEIR RESILIENCE TO SHOCKS AND LIFT THEMSELVES AND THEIR FAMILIES OUT OF EXTREME POVERTY. ON AVERAGE, 96% OF WOMEN "GRADUATE" FROM EXTREME POVERTY BASED ON BOMA'S STRICT CRITERIA, MEANING THEY HAVE FOOD FOR THEIR CHILDREN, DIVERSIFIED INCOME AND SAVINGS, AND THE ABILITY TO PAY FOR LIFE-CHANGING RESOURCES LIKE EDUCATION AND MEDICAL CARE.
FORM 990, PAGE 2, PART III, LINE 4CEDUCATION AND ADVOCACY - BOMA HAS A STRONG COMMITMENT TO EXPAND THE KNOWLEDGE OF POVERTY GRADUATION, LIVELIHOODS, GENDER PROGRAMMING, FINANCIAL INCLUSION, AND SAVINGS MODELS BY COLLABORATING WITH RESEARCH INSTITUTIONS AND PARTNERS THAT CAN HELP US ADVANCE GLOBAL KNOWLEDGE OF THE UNIQUE CHALLENGES IN THE ARID LANDS OF AFRICA. BOMA CONTINUES TO BRING THE ISSUES OF THE MOST VULNERABLE POPULATIONS IN FORGOTTEN AREAS INTO GLOBAL DEBATE THROUGH PUBLICATIONS AND SPEAKING ENGAGEMENTS. IN ADDITION, BOMA CONDUCTS OUTREACH WITH GOVERNMENTS AND OTHER STAKEHOLDERS IN THE POVERTY GRADUATION FIELD BY HOSTING POVERTY GRADUATION LEARNING EVENTS, FIELD VISITS, AND BRIEFINGS FOR GOVERNMENT DELEGATIONS, SUCH AS FOR KENYA, ETHIOPIA AND SUDAN, WHO ARE INTERESTED IN TESTING BOMA'S MODEL IN THEIR COUNTRIES.
FORM 990, PAGE 6, PART VI, LINE 11BA DRAFT OF FORM 990 IS REVIEWED BY THE CEO, CFO, AND THE AUDIT AND FINANCE COMMITTEES WITH A FINAL VERSION MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO FILING.
FORM 990, PAGE 6, PART VI, LINE 12CTHE ORGANIZATION REQUIRES ALL BOARD MEMBERS TO ANNUALLY SUBMIT A "CONFLICT OF INTEREST DISCLOSURE STATEMENT."
FORM 990, PAGE 6, PART VI, LINE 15ADISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS REVIEW AND APPROVE SENIOR MANAGEMENT SALARY DURING THE ANNUAL REVIEW PROCESS.
FORM 990, PAGE 6, PART VI, LINE 15BDISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS REVIEW AND APPROVE SENIOR MANAGEMENT SALARY DURING THE ANNUAL REVIEW PROCESS.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATIONAL DOCUMENTS IN QUESTION ARE MADE AVAILABLE UPON REQUEST. FORM 990 IS AVAILABLE ON GUIDESTAR.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.