BUILDING OWNERS AND MANAGERS ASSOCIATION OF GREATER NEW YORK B: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
BUILDING OWNERS AND MANAGERS ASSOCIATION OF GREATER NEW YORK B (EIN 13-2629736)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202513219349325761
Schema version
2024v5.2
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)
Return2025-11-17T18:53:52-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN873231666PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIES ADVISORY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1245 PARK AVENUE 12TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10167ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN132629736EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BUILDING OWNERS AND MANAGERS ASSOCIATIONBusinessNameLine1Txt
Business Name Line2OF GREATER NEW YORK INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlBUILBusinessNameControlTxt
Phone2122393662PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE PENN PLZ 2205AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10119ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLORI RAPHAELPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone2122393662PhoneNum
Signature2025-11-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEVA MRUKPreparerPersonNm
PTINP00543254PTIN
Phone2122862600PhoneNum
Preparation2025-11-17PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLORI RAPHAELPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE PENN PLZ 2205AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10119ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,977,067GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.BOMANY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1973FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO PROMOTE PROGRAMS AND SERVICES, WHILE SERVING AS A RESOURCE, FOR THE ADVANCEMENT OF THE REAL ESTATE INDUSTRY.ActivityOrMissionDesc
Voting Members Governing Body24VotingMembersGoverningBodyCnt
Voting Members Independent24VotingMembersIndependentCnt
Total Employee4TotalEmployeeCnt
Total Volunteers27TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$2,490,714PYProgramServiceRevenueAmt
CY Program Service Revenue$2,810,441CYProgramServiceRevenueAmt
PY Investment Income$29,702PYInvestmentIncomeAmt
CY Investment Income$63,923CYInvestmentIncomeAmt
PY Other Revenue$86,993PYOtherRevenueAmt
CY Other Revenue$78,248CYOtherRevenueAmt
PY Total Revenue$2,607,409PYTotalRevenueAmt
CY Total Revenue$2,952,612CYTotalRevenueAmt
PY Grants And Similar Paid$12,723PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$14,277CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$613,671PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$659,035CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,024,764PYOtherExpensesAmt
CY Other Expenses$2,198,877CYOtherExpensesAmt
PY Total Expenses$2,651,158PYTotalExpensesAmt
CY Total Expenses$2,872,189CYTotalExpensesAmt
PY Revenues Less Expenses-$43,749PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$80,423CYRevenuesLessExpensesAmt
Total Assets BOY$3,632,856TotalAssetsBOYAmt
Total Assets EOY$3,614,524TotalAssetsEOYAmt
Total Liabilities BOY$1,417,744TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,318,989TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,215,112NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,295,535NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROMOTE PROGRAMS AND SERVICES, WHILE SERVING AS A RESOURCE, FOR THE ADVANCEMENT OF THE REAL ESTATE INDUSTRY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescNETWORKING, EDUCATION, AND INDUSTRY ADVOCACY PROGRAMS:THE BUILDING OWNERS AND MANAGERS ASSOCIATION OF GREATER NEW YORK (BOMA NY) ADVANCES THE COMMERCIAL REAL-ESTATE INDUSTRY BY PROVIDING PROGRAMS, SERVICES, AND ADVOCACY THAT PROMOTE PROFESSIONAL EXCELLENCE AND EFFECTIVE PROPERTY MANAGEMENT THROUGHOUT NEW YORK CITY. THE ASSOCIATION SPONSORS ANNUAL EVENTS AND INITIATIVES SUCH AS THE PINNACLE AWARDS, GOLF AND BOWLING OUTINGS, HOLIDAY LUNCHEON, ANNUAL MEMBERSHIP MEETING, AND THE MID-ATLANTIC CONFERENCE (MAC), ALONG WITH PROFESSIONAL-DEVELOPMENT SEMINARS AND CREDENTIAL COURSES. THESE PROGRAMS FOSTER NETWORKING AMONG BUILDING OWNERS, MANAGERS, AND SERVICE PROVIDERS; ENCOURAGE EDUCATION AND LEADERSHIP; AND RECOGNIZE OUTSTANDING ACHIEVEMENT IN BUILDING OPERATIONS AND SUSTAINABILITY.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
DescMID ATLANTIC CONFERENCE:THE MID ATLANTIC CONFERENCE IS A TWO-DAY EVENT FOCUSED ON INDUSTRY-DRIVEN DISCUSSION, NETWORK OPPORTUNITY, AND EXCLUSIVE TOURS OF NEW YORK CITY'S MOST ICONIC PROPERTIES. IT BRINGS TOGETHER THE REGIONAL LEADERS IN COMMERCIAL REAL ESTATE TO RECOGNIZE EXCELLENCE IN PROPERTY MANAGEMENT AND OPERATIONS, INCLUDING THE PRESENTATION OF THE REGIONAL TOBY AWARDS.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document14IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee4EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members24GoverningBodyVotingMembersCnt
Independent Voting Member24IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LORI RAPHAELBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2122393662PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE PENN PLZ 2205AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10119ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
PATRICK DOLAN
CHAIR10.00Yes (X)Yes (X)$0$0$0
SHARON HART
VICE CHAIR10.00Yes (X)Yes (X)$0$0$0
BRIDGET CUNNINGHAM
TREASURER10.00Yes (X)Yes (X)$0$0$0
EDUARDO FIALLO
SECRETARY10.00Yes (X)Yes (X)$0$0$0
HEIDI AMAR
DIRECTOR3.00Yes (X)$0$0$0
JULIE ARCE
DIRECTOR3.00Yes (X)$0$0$0
LAURA BELT-PONOMAREV
DIRECTOR3.00Yes (X)$0$0$0
DOMINGO DIAZ
DIRECTOR3.00Yes (X)$0$0$0
LINDAY DEFOUW BLANCK
DIRECTOR3.00Yes (X)$0$0$0
MATTHEW J DUTHIE
DIRECTOR3.00Yes (X)$0$0$0
DIANE FIELDS
DIRECTOR3.00Yes (X)$0$0$0
MARK FURMAN
DIRECTOR3.00Yes (X)$0$0$0
CAROLINE GADALETA
DIRECTOR3.00Yes (X)$0$0$0
BRIAN HORAN
DIRECTOR (THRU APR 2024)3.00Yes (X)$0$0$0
ANDREW HARDY
DIRECTOR3.00Yes (X)$0$0$0
JAVIER LEZAMIZ
DIRECTOR3.00Yes (X)$0$0$0
MARK LANDSTROM
DIRECTOR (THRU AUG 2024)3.00Yes (X)$0$0$0
NICHOLAS MATHER
DIRECTOR3.00Yes (X)$0$0$0
CHRISTOPHER MASOTTO
DIRECTOR3.00Yes (X)$0$0$0
DREW O' CONNOR
DIRECTOR3.00Yes (X)$0$0$0
MICHAEL PREFI
DIRECTOR3.00Yes (X)$0$0$0
CAROLINA RAMOS
DIRECTOR3.00Yes (X)$0$0$0
BRIAN ROTHSCHILD
DIRECTOR3.00Yes (X)$0$0$0
DERMOT SHEA
DIRECTOR3.00Yes (X)$0$0$0
VICTOR SPIVAK
DIRECTOR (THRU SEP 2024)3.00Yes (X)$0$0$0
JOSEPH SZABO
DIRECTOR3.00Yes (X)$0$0$0
RICK YAFFE
DIRECTOR3.00Yes (X)$0$0$0
LORI RAPHAEL
EXECUTIVE DIRECTOR40.00Yes (X)$218,467$0$44,314
MATTHEW CARANANTE
DIRECTOR OF MEMBERSHIP & EVENTS40.00$100,298$0$57,887Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$318,765TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$102,201TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
PIER SIXTY LLC
23RD STREET AT WEST SIDE HIGHWAYNEW YORKNY10011CATERING AND EVENT SERVICES$370,779
CORE Z OPERATIONS LLC
1356 BROADWAYNEW YORKNY10018CATERING AND EVENT SERVICES$181,596
PRESTI & NAEGELE LLC
225 WEST 35TH STREET 5TH FLOORNEW YORKNY10001ACCOUNTING SERVICES$107,964
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBER NETWORKING EVEN236200$1,584,205$1,584,205
MEMBERSHIP DUES & ASSE236200$1,141,786$1,141,786
IN-HOUSE RPA/FMA PROG236200$84,450$84,450
FieldValueIRS element (for citing)
Total Program Service Revenue$2,810,441TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$63,923TotalRevenueColumnAmt
Exclusion$63,923ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$45,863TotalRevenueColumnAmt
Related Or Exempt Func Income$45,863RelatedOrExemptFuncIncomeAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$23,216RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$24,455RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$1,239RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$1,239TotalRevenueColumnAmt
Exclusion-$1,239ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
BOMA INTL REVENUE SHAR900099$33,359$33,359
OTHER INCOME900099$265$265
FieldValueIRS element (for citing)
Other Revenue Total$33,624OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,952,612TotalRevenueColumnAmt
Related Or Exempt Func Income$2,856,304RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$96,308ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$911TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$13,366TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$262,781TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$305,489TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$3,558TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$37,503TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$49,704TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$3,937TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$440TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$114,979TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$94,410TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,563TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$98,338TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$127,055TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$43,457TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$283,155TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$8,575TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$32,273TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$9,227TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$9,479TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmt
EVENT EXPENSES$1,021,933
DUES & SUBSCRIPTIONS$238,605
IN HOUSE RPA/FMA PROG$111,451

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,872,189TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$389,910BOYAmt
EOY$740,057EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,902,435BOYAmt
EOY$1,694,093EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$207,563BOYAmt
EOY$225,415EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$71,938BOYAmt
EOY$110,755EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$194,114LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$167,850LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$30,889BOYAmt
EOY$26,264EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,030,121BOYAmt
EOY$817,940EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,632,856BOYAmt
EOY$3,614,524EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$144,108BOYAmt
EOY$142,520EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$241,017BOYAmt
EOY$365,968EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,032,619BOYAmt
EOY$810,501EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,417,744BOYAmt
EOY$1,318,989EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,020,560BOYAmt
EOY$2,114,349EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$194,552BOYAmt
EOY$181,186EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,215,112BOYAmt
EOY$2,295,535EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,632,856BOYAmt
EOY$3,614,524EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$80,423ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd
Dues Assessments$1,141,786DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$21,694NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot$21,694NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$21,694AggregateReportedDuesNtcAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$57,775OtherCostOrOtherBasisAmt
Depreciation$41,300DepreciationAmt
Book Value$16,475BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$91,074OtherCostOrOtherBasisAmt
Depreciation$81,285DepreciationAmt
Book Value$9,789BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$45,265OtherCostOrOtherBasisAmt
Depreciation$45,265DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$26,264TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
SECURITY DEPOSIT$67,290
RIGHT OF USE ASSET$750,650
FieldValueIRS element (for citing)
Total Book Value Other Assets$817,940TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLEASE LIABILITYDesc
Amt$810,501Amt
FieldValueIRS element (for citing)
Total Liability$810,501TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,943,430TotalRevEtcAuditedFinclStmtAmt
Other Revenue$24,455OtherRevenueAmt
Revenue Not Reported$24,455RevenueNotReportedAmt
Revenue Subtotal$1,918,975RevenueSubtotalAmt
Other Revenues Not Included$1,033,637OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,033,637RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,952,612TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,863,007TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$24,455OtherExpensesIncludedAmt
Expenses Not Reported$24,455ExpensesNotReportedAmt
Expenses Subtotal$1,838,552ExpensesSubtotalAmt
Other Expenses Not Included$1,033,637OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,033,637ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,872,189TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ASSOCIATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ASSOCIATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ASSOCIATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO DECEMBER 31, 2021.
PART XI, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSES REPORTED ON FORM 990, PART VIII LINE 6B 24,455.
PART XI, LINE 4B - OTHER ADJUSTMENTS:EVENT/MEETING EXPENSES REPORTED ON FORM 990, PART IX: 1,033,637.
PART XII, LINE 2D - OTHER ADJUSTMENTS:RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 24,455.
PART XII, LINE 4B - OTHER ADJUSTMENTS:EVENT/MEETING EXPENSES REPORTED ON FORM 990, PART IX 1,033,637.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPGrantTypeTxt
Recipient14RecipientCnt
Cash Grant$13,366CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE SCHOLARSHIP COMMITTEE REVIEWS APPLICATIONS AND APPROVES SCHOLARSHIP RECIPIENTS. A BILL IS RECEIVED DIRECTLY FROM THE CLASS WHEN A SCHOLARSHIP STUDENT ATTENDS THE CLASS. PAYMENT IS SENT DIRECTLY FROM BOMA NY TO THE CLASS. NO FUNDS ARE GIVEN TO STUDENTS DIRECTLY. THE CASH DESIGNATED FOR SCHOLARSHIP STUDENTS ARE HELD IN A SEPARATE ACCOUNT.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
LORI RAPHAEL
EXECUTIVE DIRECTOR$197,249$0$21,218$0$0$0$10,177$0$34,137$0$262,781$0$0$0
MATTHEW CARANANTE
DIRECTOR OF MEMBERSHIP & EVENTS$88,453$0$11,845$0$0$0$0$0$57,887$0$158,185$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, QUESTION 5, AND PART V, QUESTION 2A:THE ORGANIZATION CONTRACTED WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) FOR SERVICES, INCLUDING BUT NOT LIMITED TO, PAYROLL, TIMEKEEPING, EMPLOYEE BENEFITS, HR ADMINISTRATION AND WORKFORCE REGULATORY COMPLIANCE NEEDS. AS THE EMPLOYER OF RECORD FOR TAX PURPOSES, FORMS W-2 AND W-3 ARE ISSUED BY THE PEO AND FILED UNDER THE PEO'S FEDERAL EIN. IN THIS CO-EMPLOYMENT ARRANGEMENT, THE ORGANIZATION IS THE COMMON LAW EMPLOYER AND, ACCORDINGLY, COMPENSATION IS REPORTED ON FORM 990, PART VII, SECTION A AND PART IX, LINES 5-10.
FORM 990, PART VI, SECTION A, LINE 6THE ORGANIZATION HAS MEMBERS. THE MEMBERS INCLUDE THE FOLLOWING: PRINCIPAL MEMBERS - VOTING MEMBERS HAVING ALL RIGHTS AND PRIVILEGES OF THE ORGANIZATION. ASSOCIATE MEMBERS - NON-VOTING MEMBERS, WHO ARE ASSOCIATES OF PRINCIPAL MEMBERS. ASSOCIATE MEMBERS SHALL HAVE ALL RIGHTS AND PRIVILEGES OF THE ORGANIZATION EXCEPT THE RIGHT TO VOTE OR SERVE AS A DIRECTOR OR OFFICER OF THE ORGANIZATION. EMERGING LEADER MEMBERS - PRINCIPAL MEMBER FIRMS CAN ADD EMERGING LEADER MEMBERS. THE INDIVIDUAL(S) REPRESENTING EMERGING LEADER MEMBERS MUST BE 35 YEARS OLD OR YOUNGER AND/OR HAVE FIVE (5) YEARS OR LESS EXPERIENCE IN THE INDUSTRY. THE EMERGING LEADER MEMBERSHIP IS VALID FOR A MAXIMUM OF TWO (2) YEARS AND DOES NOT HAVE THE RIGHT TO VOTE AND WOULD NOT BE REPORTED TO BOMA INTERNATIONAL. ALLIED MEMBERS - WHO SHALL CONSIST OF REPRESENTATIVES FROM CONTRACTORS, SUPPLIERS, ENTREPRENEURS, MANUFACTURERS AND SUCH OTHER SERVICE ORGANIZATIONS AND INDUSTRY GROUPS WHICH HAVE A DIRECT INTEREST IN REAL ESTATE IN WHICH PRINCIPAL MEMBERS ARE INVOLVED. ALLIED MEMBERS SHALL HAVE THE RIGHT TO VOTE ONLY WITH RESPECT TO THE ELECTION OF THE ALLIED MEMBER DIRECTOR AND SHALL NOT OTHERWISE HAVE ANY VOTING RIGHT. PROFESSIONAL MEMBERS WHO ARE REPRESENTATIVES EDUCATED, LICENSED OR EXPERIENCED IN A PROFESSION WHICH IS RECOGNIZED BY THE ORGANIZATION TO HAVE SUBSTANTIAL INVOLVEMENT WITH THE REAL ESTATE INDUSTRY AND OFFER PROFESSIONAL SERVICES IN THEIR RESPECTIVE AREAS OF KNOWLEDGE. PROFESSIONAL MEMBERS SHALL HAVE THE RIGHT TO VOTE ONLY WITH RESPECT TO THE ELECTION OF THE PROFESSIONAL MEMBER DIRECTOR AND SHALL NOT OTHERWISE HAVE ANY VOTING RIGHTS.
FORM 990, PART VI, SECTION A, LINE 7ATHE BOARD OF DIRECTORS CONSIST OF ELEVEN (A)AT-LARGE DIRECTORS, (B) THE FORMER PRESIDENT, (C) THE PRESIDENT, VICE PRESIDENT, SECRETARY AND TREASURER, (D) THE ALLIED MEMBER DIRECTOR, AND (E) THE PROFESSIONAL MEMBER DIRECTOR. THE AT-LARGE DIRECTORS SHALL BE ELECTED BY THE VOTE OF THE PRINCIPAL MEMBERS. THE ALLIED MEMBER DIRECTOR SHALL BE ELECTED BY THE ALLIED MEMBERS, AND THE PROFESSIONAL MEMBER DIRECTOR SHALL BE ELECTED BY THE PROFESSIONAL MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS THEN REVIEWED BY THE FINANCE COMMITTEE, WHO APPROVES OF THE FORM 990. ONCE APPROVED, A COMPLETE COPY IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S GOVERNING BODY FOR THEIR REVIEW PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY APPLIES TO ALL ORGANIZATION'S EMPLOYEES, BOARD MEMBERS AND OFFICERS. AT THE JANUARY BOARD MEETING, THE POLICY IS PRESENTED FOR APPROVAL OR PROPOSED CHANGES. THE APPLICABLE INDIVIDUALS ARE REQUIRED TO COMPLETE A DISCLOSURE STATEMENT ANNUALLY. THE PERSON WHO MAY BE INVOLVED IN A BUSINESS TRANSACTION IN WHICH THERE IS A POSSIBLE CONFLICT OF INTEREST SHALL PROMPTLY NOTIFY THE PRESIDENT. THAT PERSON SHALL REFRAIN FROM VOTING ON ANY SUCH TRANSACTION, PARTICIPATING IN DELIBERATIONS CONCERNING IT, OR USING PERSONAL INFLUENCE IN ANY WAY IN THE MATTER. THAT PERSON'S PRESENCE MAY NOT BE COUNTED IN DETERMINING THE QUORUM FOR ANY VOTE WITH RESPECT TO A BUSINESS TRANSACTION IN WHICH HE OR SHE HAS A POSSIBLE CONFLICT OF INTEREST. FURTHERMORE, THAT PERSON, OR THE PRESIDENT IN THE DIRECTOR'S ABSENCE, SHALL DISCLOSE A POTENTIAL CONFLICT OF INTEREST TO THE OTHER MEMBERS OF THE BOARD BEFORE ANY VOTE ON A BUSINESS TRANSACTION AND SUCH DISCLOSURE SHALL BE RECORDED IN THE BOARD MINUTES OF THE MEETING AT WHICH IT IS MADE.
FORM 990, PART VI, SECTION B, LINE 15APERSONNEL COMMITTEE COMPRISED OF THE BOARD'S FOUR OFFICERS (PRESIDENT, VICE PRESIDENT, TREASURER & SECRETARY) DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION BASED ON EXPERIENCE, CURRENT TIME SERVED WITH BOMA, AND INDUSTRY TRENDS IN THE NOT-FOR-PROFIT ASSOCIATION INDUSTRY AS WELL AS OTHER BOMA LOCALS. ONCE A FIGURE IS DETERMINED THIS INFORMATION IS THEN BROUGHT FORWARD TO THE BOARD OF DIRECTORS FOR APPROVAL. EMPLOYEE PERFORMANCE EVALUATIONS ARE COMPLETED BY THE EXECUTIVE DIRECTOR FOR ALL EMPLOYEES. THE PROCESS WAS LAST UNDERTAKEN IN 2024 AND MINUTES OF THE BOARD MEETING ARE KEPT IN FILE.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2C:THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS STARTED IN 2024.

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