2012-08-15T13:43:55-05:00 2011-12-31 223771364 LEVIN BARTLETT SWANTIC & CO CPA'S LLC PO BOX 646 795 FRANKLIN AVENUE FRANKLIN LAKES NJ 07417 990 2011-01-01 841671995 THE BOMA FUND INC BOMA 8022312542 PO BOX 456115 PAULS WAY - BARN DORSET VT 05251 MARGARET HARRIS 8022312542 2012-08-14 1 MICHAEL J SWANTIC CPA P00042741 2018489500 2011 2016-02-24 21:20:13Z THE BOMA PROJECT KATHLEEN COLSON PO BOX 456115 PAULS WAY - BARN DORSET VT 05251 431561 0 X WWW.BOMAPROJECT.ORG X 2005 VT THE FUND WORKS TO IMPROVE THE LIVES OF THE MARGINALIZED RESIDENTS OF NORTHERN KENYA THROUGH ECONOMIC EMPOWERMENT, EDUCATION, ADVOCACY AND THE TRAINING OF A NEW GENERATION OF ENTREPRENEURIAL ETHICAL LEADERS. 9 7 4 6 0 0 262758 430739 0 0 543 822 0 0 263301 431561 97616 240515 0 0 6000 61564 0 0 33761 113485 136848 217101 438927 46200 -7366 163677 174866 0 18555 163677 156311 X THE FUND WORKS TO IMPROVE THE LIVES OF THE MARGINALIZED RESIDENTS OF NORTHERN KENYA THROUGH ECONOMIC EMPOWERMENT, EDUCATION, ADVOCACY AND THE TRAINING OF A NEW GENERATION OF ENTREPRENEURIAL ETHICAL LEADERS. 1 1 203741 106115 RURAL ENTREPRENEUR ACCESS PROJECT (REAP). THIS IS A MICROFINANCE PROGRAM THAT OFFERS A SEED CAPITAL GRANT OF $150, JOB-SKILLS TRAINING AND TWO YEARS OF MENTORING TO BUSINESS GROUPS OF THREE PEOPLE IN NORTHERN KENYA. TOTAL PERSONS BENEFITTING WERE: 380 BUSINESS GROUPS OF 1,140 NEW WOMEN ENTREPRENEURS WHO SUPPORT AN ESTIMATED 5,700 ESTIMATED CHILDREN. TOTAL IMPACTED: 6,840 140008 114803 AGENTS OF CHANGE:IN ORDER TO EFFECT LASTING POSITIVE CHANGE, BOMA INVESTS IN THE EDUCATION OF LEADERSHIP TRAINING OF FUTURE ROLE MODELS AND JOB CREATORS THROUGH OUR AGENTS OF CHANGE PROGRAM. THIS IS ACCOMPLISHED BY OFFERING SCHOLARSHIPS THROUGH THE EARTH UNIVERSITY FOUNDATION, PROVIDING VOCATIONAL AND SECONDARY SCHOOL SCHOLARSHIPS IN KENYA TO YOUNG PEOPLE SO THAT THEY CAN ENTER THE JOB MARKET WITH EMPLOYABLE SKILLS, AND BUILDING CLASSROOMS AND PROVIDING EDUCATIONAL MATERIALS TO SELECT SCHOOLS IN THE REGION. THE BOMA PROJECT ALSO CONDUCTS EVENTS AND PRODUCES EDUCATIONAL MATERIALS THAT HELP US ADVOCATE FOR CHANGE AND EDUCATE THE PUBLIC ON THE PLIGHT OF THE PASTORAL NOMADIC COMMUNITIES OF NORTHERN KENYA. TOTAL INDIVIDUALS BENEFITING: APPROX. 250. 22337 16625 PROGRAM DEVELOPMENT:THIS PROGRAM AREA IS DEDICATED TO THE RESEARCH, IMPLEMENTATION AND EVALUATION OF NEW PROGRAMS FOR THE BOMA PROJECT, INCLUDING THE IMPLEMENTATION OF A MICRO-SAVINGS PROGRAM AND RESEARCH OF MICRO TO MEDIUM SIZE ENTERPRISES IN INDUSTRIES UNIQUE TO NORTHERN KENYA. TOTAL INDIVIDUALS BENEFITING: 34 SAVINGS GROUPS ESTABLISHED BENEFITING 677 PEOPLE. 2985 2972 HEALTHY COMMUNITIES:THIS INCLUDED THE DISTRIBUTION OF MEDICAL SUPPLIES AND LIFESTRAW WATER FILTERS TO COMMUNITIES IN NORTHERN KENYA. TOTAL INDIVIDUALS BENEFITING: LIFESTRAW PACKAGES DISTRIBUTED TO 2800 FAMILIES. 2985 2972 369071 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 4 1 0 1 KE 0 0 0 0 0 0 0 0 X 9 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT ME MD MA NH NJ PA RI VA CA NM NY X X THE ORGANIZATION 8022312542 115 PAULS WAY BARN DORSET VT 05251 KATHLEEN COLSON 50.00 X X 3000 0 0 DOUGLAS COLSON 3.00 X X 0 0 0 KATHERINE KELLEY 3.00 X X 0 0 0 STEVEN NEEPE 1.00 X 0 0 0 DAVID CHANDLER 1.00 X X 0 0 0 JANE LONG 2.00 X X 0 0 0 JIM YOUNG 2.00 X X 0 0 0 STEVEN DEAR 2.00 X 0 0 0 KEN HIMMELMAN 2.00 X 0 0 0 JOHN LOMURUT 2.00 X 0 0 0 MARGARET HARRIS 40.00 X 28125 0 3473 31125 0 3473 0 0 0 0 0 430739 430739 822 822 431561 822 0 0 70714 70714 169801 169801 34598 25948 4325 4325 18382 10423 1226 6733 5027 5027 3557 2590 154 813 23622 17210 6412 1250 1250 16598 9175 3958 3465 7387 3404 973 3010 13694 10000 3694 13092 7525 3482 2085 8553 4047 4506 4578 2178 2400 30064 29355 636 73 1110 1110 9797 9797 1610 1170 406 34 BANK FEES 3340 359 1554 1427 REGISTRATION AND FILING 1780 115 1665 OTHER COSTS 373 348 25 438927 369071 36095 33761 60166 43820 84528 115735 1838 7962 29392 22043 17145 7349 163677 174866 3367 11242 0 3946 0 18555 X 163677 156311 163677 156311 163677 174866 -7366 0 X X 0 1 1 X 0 X 67699 82665 203130 262758 430739 1046991 67699 82665 203130 262758 430739 1046991 328824 718167 289 672 806 543 822 3132 1050123 0.68390 0.82130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29392 22043 7349 7349 PAYROLL TAXES PAYABLE 3946 3946 431561 438927 -7366 -7366 444061 12500 12500 431561 0 431561 451427 12500 12500 438927 0 438927 1 SUB-SAHARAN AFRICA 1 3 GRANTS TO RECIPIENTS LOCATED IN THE REGION THROUGH PROGRAM SERVICES. RURAL ENTREPRENEUR ACCESS PROJECT, AGENTS OF CHANGE,PROGRAM DEVELOPMENT. SEE PART III OF 990. 203422 SUB-SAHARAN AFRICA 0 0 INVESTMENTS - BANK ACCOUNTS AND VEHICLE;LISTTOTAL 46723 10958 1 3 0 0 1 3 214380 0 214380 GRANTS TO ESTABLISH BUSINESSES. SUB-SAHARAN AFRICA 1140 63780 CASH PAYMENTS 42335 TRAINING, MENTORING AND SUPPLIES BOOK GRANTS FOR EDUCATION SUB-SAHARAN AFRICA 25 7024 CHECKS 37065 CLASSROOMS, EDUCATIONAL MATERIALS, SCHOOL SUPPLIES BOOK FELLOWSHIPS SUB-SAHARAN AFRICA 2 0 16625 LIVING AND WORK EXPENSES BOOK MEDICAL SUPPLIES SUB-SAHARAN AFRICA 2800 0 2972 LIFESTRAWS AND BASIC HEALTH SUPPLIES FOR SCHOOLS. BOOK 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: GRANTS OF $150 ARE MADE TO GROUPS OF THREE PEOPLE TO START A BUSINESS THROUGH THE ORGANIZATION'S RURAL ENTREPRENEUR ACCESS PROJECT (REAP). THE GROUPS ARE ASSSEMBLED BY BOMA VILLAGE MENTORS, TRAINED LOCAL RESIDENTS WHO FORM THE GROUPS, HELP THEM FILL OUT A GRANT APPLICATION AND BUSINESS PLAN AND SUBSEQUENTLY PROVIDE THE TRAINING TO THE BUSINESS GROUP. ELIGIBILITY IS DETERMINED BY A BOMA STANDARD OF LIVING INDEX (SOLI)THAT QUALIFIES PARTICIPANTS AS BELOW THE POVERTY LINE. ONCE THE SOLI IS REVIEWED FOR ELIGIBILITY, THE BUSINESS APPLICATION IS REVIEWED AND APPROVED. GRANTS ARE DISTRIBUTED TWO TO THREE TIMES PER YEAR AT THE BUSINESS SKILLS TRAINING PROGRAM THAT ASSEMBLES ALL OF THE ELIGIBLE GROUPS IN A VILLAGE SETTING. THE INITIAL GRANT OF $100 IS GIVEN TO THE MENTORS IN EXCHANGE FOR A RECEIPT AND THEN THE MENTORS DISTRIBUTE THE GRANTS IN A PUBLIC SETTING, WITH BOMA STAFF PRESENT, TO THE BUSINESS GROUPS WHO ALL EITHER SIGN OR PROVIDE A THUMBPRINT ON A RECEIPT. AT THREE MONTHS A PROGRESS REPORT IS FILLED OUT BY THE MENTOR WHO REVIEWS EACH GROUP'S PROGRESS. IF THE PROGRESS REPORT IS APPROVED, THEN A SECOND AND FINAL GRANT IS DISTRIBUTED ($50)BY BOMA STAFF TO THE MENTOR AGAIN IN A PUBLIC SETTING. THE MENTORS SIGN RECEIPTS AND THE GRANT IS THEN GIVEN TO THE BUSINESS GROUP WHO IN TURN SIGN OR PROVIDE THUMBPRINTS FOR A RECEIPT. COPIES OF ALL RECEIPTS FROM THE VILLAGE MENTORS AND REAP PARICIPANTS ARE KEPT IN THE BOMA KENYA AND US OFFICES. METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: THE ORGANIZATION ACCOUNTS FOR EXPENDITURES IN THE REGION BY UTILIZING THE ACCRUAL METHOD OF ACCOUNTING WITH MONTH END CUT-OFFS. EXPENDITURES ARE SEGREGATED BY CLASSES WITHIN THE GENERAL LEDGER SYSTEM OF THE ORGANIZATION, WITH SPREADSHEETS AND SCHEDULES UTILIZED FOR FURTHER DETAIL. 1 EARTH UNIVERSITY FOUNDATION 3525 PIEDMONT RD NE ATLANTA GA 30305 382920639 501(C)(3) 70714 TUITION FOR KENYAN STUDENTS 1 0 PART 1, LINE 2 GRANT MONITORING PROCEDURES THE BOMA FUND (BOMA) ASSISTS EARTH UNIVERSITY IN RECRUITMENT OF ELIGIBLE APPLICANTS BASED UPON A DONOR'S REQUEST. THE UNIVERSITY INTERVIEWS THE APPLICANTS TO DETERMINE THEIR ACADEMIC ELIGIBILITY AND VALUES AND DETERMINES WHICH STUDENTS WILL BE ENROLLED. BOMA THEN MONITORS THE PROGRESS OF THE STUDENTS TO ENSURE GOOD STANDING WITHIN THE UNIVERSITY. NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 PROGRAM DEVELOPMENT: THIS PROGRAM AREA IS DEDICATED TO THE RESEARCH, IMPLEMENTATION AND EVALUATION OF NEW PROGRAMS, INCLUDING THE IMPLEMENTATION OF A MICRO-SAVINGS PROGRAM AND RESEARCH OF MICRO TO MEDIUM SIZE ENTERPRISES IN INDUSTRIES UNIQUE TO NORTHERN KENYA. HEALTHY COMMUNITIES:THIS INCLUDED THE DISTRIBUTION OF MEDICAL SUPPLIES AND LIFESTRAW WATER FILTERS TO COMMUNITIES IN NORTHERN KENYA. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 FOR 2011, EMERGENCY RELIEF IS NO LONGER A PROGRAM FORM 990, PART VI, SECTION A, LINE 2 KATHLEEN COLSON (CEO) AND DOUGLAS COLSON (ASST. TREASURER) ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11 THE GOVERNING BODY REVIEWS A DRAFT OF THE FORM 990 PRIOR TO FILING. AFTER REVIEWING, ANY CHANGES OR CORRECTIONS ARE DISCUSSED WITH PREPARER BEFORE THE FORM IS FINALIZED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS ITS CONFLICT OF INTEREST POLICY THROUGH VARIOUS CHECKLISTS AND PROCEDURES. THE POLICY IS REVIEWED AND SIGNED BY EACH BOARD MEMBER AT AN ANNUAL MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATON IS APPROVED BY THE BOARD OF DIRECTORS DURING THE APPROVAL OF THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT OR SELECTION PROCESS FROM PRIOR YEARS.