2011-08-11T13:35:04-05:00 2010-12-31 LEVIN BARTLETT SWANTIC & CO CPA'S LLC PO BOX 646 795 FRANKLIN AVENUE FRANKLIN LAKES NJ 07417 990 2010-01-01 841671995 THE BOMA FUND INC BOMA 8022312542 PO BOX 456115 PAULS WAY - BARN DORSET VT 05251 KATHLEEN COLSON 8023621440 2011-08-02 1 MICHAEL J SWANTIC CPA 2018489500 2010 2016-02-24 21:20:13Z THE BOMA PROJECT KATHLEEN COLSON PO BOX 456115 PAULS WAY - BARN DORSET VT 05251 263301 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. 8 8 0 6 0 0 198130 262758 0 0 806 543 0 0 198936 263301 123101 97616 0 0 0 6000 0 0 12527 20107 113485 143208 217101 55728 46200 132039 163677 14562 0 117477 163677 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 113952 51005 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 TO FIVE PEOPLE. TOTAL PERSONS BENEFITTING WERE: 179 BUSINESS GROUPS OF THREE PEOPLE: 895 ADULTS AND APPROXIMATELY 4475 DEPENDENT CHILDREN; 136 BUSINESS GROUPS OF THREE PEOPLE: 408 ADULTS AND APPROXIMATELY 2040 DEPENDENT CHILDREN. TOTAL IMPACTED: 7818. 67146 46031 AGENTS OF CHANGE: IN ORDER TO EFFECT LASTING POSITIVE CHANGE, BOMA INVESTS IN THE EDUCATION AND 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 AND PROVIDING TECHNICAL AND VOCATIONAL SCHOLARSHIPS IN KENYA TO YOUNG PEOPLE SO THAT THEY CAN ENTER THE JOB MARKET WITH EMPLOYABLE SKILLS. TOTAL INDIVIDUALS BENEFITTING WERE 25. 841 580 EMERGENCY RELIEF: THE FUND PROVIDED FOOD SUPPLIES TO THE CHOLERA PATIENTS IN TWO DOCTORS WITHOUT BORDERS CLINICS IN LAISAMIS AND LOIYANGALANI VILLAGES, PROVIDING FOOD TO 156 PEOPLE OVER THE COURSE OF THREE WEEKS. 194 0 COWS FOR KIDS: THIS PROGRAM PROVIDED LIVESTOCK AND SUPPORT FOR THE POOREST MEMBERS OF THE COMMUNITIES SERVED AND WAS CEASED DURING 2010 DUE TO CONTINUING DROUGHTS IN NORTERN KENYA. 194 182133 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 0 0 1 KE 0 0 0 0 0 0 0 0 0 X 8 8 1 0 1 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 X X THE ORGANIZATION 8022312542 115 PAULS WAY BARN DORSET VT 05251 KATHLEEN COLSON 50.00 X X 6000 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 MARY STONE 1.00 X 0 0 0 6000 0 0 0 0 0 0 0 262758 262758 543 543 263301 543 0 0 97616 97616 6000 4500 750 750 37708 26015 1848 9845 774 774 4182 3136 523 523 5000 5000 1409 1409 10049 2415 7634 9777 3411 6366 6510 4110 2400 22274 22274 9797 9797 3156 2266 890 BANK FEES 2088 1405 683 RECRUITING FEES 460 460 OTHER COSTS 301 188 113 217101 182133 22441 12527 5197 60166 81349 84528 18550 1838 29392 12247 26943 17145 132039 163677 14562 14562 0 X 117477 163677 117477 163677 132039 163677 46200 X 0 1 1 X 0 X 72062 67699 82665 203130 262758 688314 72062 67699 82665 203130 262758 688314 121021 567293 104 289 672 806 543 2414 690728 0.82130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29392 12247 17145 17145 263301 217101 46200 0 46200 268301 5000 5000 263301 0 263301 222101 5000 5000 217101 0 217101 1 SUB-SAHARAN AFRICA 1 1 GRANTS TO RECIPIENTS LOCATED IN THE REGION. 182133 SUB-SAHARAN AFRICA INVESTMENTS - BANK ACCOUNTS AND VEHICLE 46723 1 0 1 228856 0 228856 X 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 FIVE 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 STATNDARD 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 THAN THE MENTORS DISTIBUTE THE GRANTS IN A PUBLIC SETTING 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 FRO 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 SYSTEM OF THE ORGANIZATION, WITH SPREADSHEETS AND SCHEDULES UTILIZED FOR FURTHER DETAIL. NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 THE DORUGHTS IN NORTHERN KENYA ARE NOW SO EXTREME, AND COME SO OFTEN, THAT THERE IS A CONSISTENT SCARCITY OF CLEAN, SAFE DRINGKING WATER. PASTORAL NOMADIC COMMUNITIES TRADITIONALLY FIND WATER IN RIVERBEDS WHICH ARE NOW HIGHLY CONTAMINATED. WITH THE LOSS OF LIVESTOCK, THE PASTORALISTS ARE NO SETTLING, CONTRIBUTING TO THE CHALLENGES OF HYGIENE (LACK OF PIT LATRINES) AND ACCESS TO CLEAN WATER. IN 2009 AND 2010 LASAMIS DISTRICT EXPERIENCED THE WORST CHOLERA OUTBREAK IN NORTHERN KENYA, WITH HUNDREDS OF CASES OF REPORTED ACUTE WATER DIARRHEA (AWD) AND 37 DEATHS AS OF FEBRUARY 2010. IN TE MONTH OF NOVEMBER OF 2009 ALONE, THERE WERE 834 REPORTED CASES OF CHOLERA. THE FUND PROVIDED FOOD SUPPLIES TO THE CHOLERA PATIENTS AT TWO DOCTORS WITHOUT BORDERS CLINICS IN LAISAMIS AND LOIYANGALANI VILLAGES, PROVODING FOOD TO 156 PEOPLE OVER THE COURSE OF THREE WEEKS. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 THE ORGANIZATION CEASED CONDUCTING THE COWS FOR KIDS PROGRAM DURING 2010 DUE TO CONTINUING DROUGHTS IN NORTHERN KENYA. FORM 990, PART VI, SECTION A, LINE 2 KATHLEEN COLSON (EXECUTIVE DIRECTOR) AND DOUGLAS COLSON (ASST. TREASURER) ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 4 THE FUND REVISED ITS MISSION STATEMENT AND RESTATED ITS BY-LAWS, ARTICLES OF INCORPORATION AND MISSION. IT ALSO ESTABLISHED A "DOING BUSINESS AS" NAME WHICH IS THE BOMA PROJECT. THESE CHANGES AND REVISIONS WERE FILED WITH THE STATE OF VERMONT AND INTERNAL REVENUE SERVICE (WHERE NECESSARY) 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.