2024-11-15T14:48:53-05:00 2023-12-31 030325875 DAVIS & HODGDON ASSOCIATES CPAS PLC 33 BLAIR PARK RD STE 201 WILLISTON VT 05495 990 2023-01-01 841671995 THE BOMA PROJECT INC BOMA 8022312542 PO BOX 1865 MANCHESTER CENTER VT 05255 STEPHEN J KELLY TREASURER & COO 8028755257 2024-11-15 true false BRET HODGDON P00497283 8028781963 2024-11-15 2023 2024-10-15 13:58:12Z STEPHEN J KELLY PO BOX 1865 MANCHESTER CENTER VT 05255 12151338 false X WWW.BOMAPROJECT.ORG X 2005 VT BOMA'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. 10 10 12 0 1374755 11933112 0 22976 216740 1981 366 1399712 12150218 3699403 11670968 0 409690 1533375 0 505242 256054 638085 4365147 13842428 -2965435 -1692210 10648272 9136282 72926 190365 10575346 8945917 X BOMA'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. false false 11114391 10619507 THE 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. 1305616 1051292 TECHNICAL 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. 291960 169 EDUCATION 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. 12711967 true true false false false false false false false false false false false false false true true false false true true true false false false false false false false true false false false false false false false false false false false false false false false false false true 2 0 true 12 true false false false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true true false ME MD MA NH NJ PA RI VA CA CT NY SC VT X X STEPHEN J KELLY 8022312542 PO BOX 1865 MANCHESTER CENTER VT 05255 H PERRY BOYLE JR CHAIR 2.00 X X 0 0 0 ELSIE MBUGUA VICE CHAIR 1.00 X X 0 0 0 WILLIAM AMBROSE DIRECTOR 1.00 X 0 0 0 PATRICIA CAMPBELL DIRECTOR 1.00 X 0 0 0 GREGORY COUSSA DIRECTOR 1.00 X 0 0 0 FRANK DEGIOVANNI DIRECTOR 1.00 X 0 0 0 JACQUELINE DEL ROSSI DIRECTOR 1.00 X 0 0 0 MARK FLYNN DIRECTOR 1.00 X 0 0 0 MOGES GEBREMEDHIN DIRECTOR 1.00 X 0 0 0 SPRING HOLLIS DIRECTOR 1.00 X 0 0 0 JOHN T STEPHENS CEO 45.00 X 107708 0 15293 STEPHEN J KELLY TREASURER & 45.00 X 215508 0 21536 JAYA TIWARI VP/DIR STRAT 45.00 X 217751 0 13065 ANNA MECAGNI CHIEF PROG O 45.00 X 186945 0 11217 BRENDA SCHUSTER SR. DIR. OF 45.00 X 140637 0 9300 868549 70411 5 false true false 3450391 8482721 11933112 216740 216740 1120 1120 OTHER INCOME 900099 366 366 366 12150218 217106 11670968 11670968 361102 160203 107732 93167 981824 441770 286259 253795 46520 21120 12877 12523 60401 19028 27088 14285 83528 35974 27452 20102 1228 1228 20900 20900 289763 188565 39022 62176 7140 2132 3413 1595 184481 116966 49307 18208 9709 9709 78277 44450 20290 13537 10463 2439 7085 939 8566 3806 2408 2352 BANK AND OTHER FEES 24174 2336 10050 11788 OUTREACH AND PUBLICATIONS 3384 2210 399 775 13842428 12711967 625219 505242 23975 81506 8719474 1332749 842571 144182 1420 3499 44131 38586 1016701 7535760 10648272 9136282 72926 190365 72926 190365 X 7624174 6108632 2951172 2837285 10575346 8945917 10648272 9136282 -1692210 62781 X false true X true true true X 4759071 15078496 10625906 1374755 11933112 43771340 4759071 15078496 10625906 1374755 11933112 43771340 19251539 24519801 11617 13885 25694 19962 216740 287898 1815 1437 2185 1981 366 7784 44067022 0.55640 0.52970 X PART II, LINE 10 7,418 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 12212999 62781 62781 12150218 12150218 13842428 13842428 13842428 SCHEDULE D, PAGE 3, PART X THE 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. true SUB-SAHARAN AFRICA GRANTS TO NGO RURAL ENTREPRENEURS 10319829 SUB-SAHARAN AFRICA GRANTS TO PARTNERS RURAL ENTREPRENEURS 525420 SUB-SAHARAN AFRICA GRANTS TO PARTNERS RURAL ENTREPRENEURS 825719 11670968 11670968 SUB-SAHARAN AFRICA PROGRAM SUPPORT 10319829 WIRE TRANSFER SUB-SAHARAN AFRICA PROGRAM SUPPORT 525420 WIRE TRANSFER SUB-SAHARAN AFRICA PROGRAM SUPPORT 825719 WIRE TRANSFER 1 2 false false false false false false SCHEDULE F, PAGE 1, PART I, LINE 3 SUB-SAHARAN AFRICA 10,319,829 0 SUB-SAHARAN AFRICA 525,420 0 SUB-SAHARAN AFRICA 825,719 0 SCHEDULE F, PAGE 5, PART V PART 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. X X X X false false false false false false false false false STEPHEN J KELLY TREASURER & COO 215508 12930 8606 237044 JAYA TIWARI VP/DIR STRAT PARTNER 217751 13065 230816 ANNA MECAGNI CHIEF PROG OFFICER 186945 11217 198162 FORM 990, PAGE 2, PART III, LINE 4A THE 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 4C EDUCATION 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 11B A 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 12C THE ORGANIZATION REQUIRES ALL BOARD MEMBERS TO ANNUALLY SUBMIT A "CONFLICT OF INTEREST DISCLOSURE STATEMENT." FORM 990, PAGE 6, PART VI, LINE 15A DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS REVIEW AND APPROVE SENIOR MANAGEMENT SALARY DURING THE ANNUAL REVIEW PROCESS. FORM 990, PAGE 6, PART VI, LINE 15B DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS REVIEW AND APPROVE SENIOR MANAGEMENT SALARY DURING THE ANNUAL REVIEW PROCESS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATIONAL DOCUMENTS IN QUESTION ARE MADE AVAILABLE UPON REQUEST. FORM 990 IS AVAILABLE ON GUIDESTAR.