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Nonprofiteer
← THE BOMA PROJECT INC

Form 990 for tax year 2025

Filed by THE BOMA PROJECT INC.

Totals

Total revenue
$7,251,612
Total expenses
$10,173,810
Contributions and grants received
$7,025,803
Grants paid
$8,203,214
Program service revenue
$0
Investment income
$225,805
Other revenue
$4
Total assets, end of year
$6,598,013
Total liabilities, end of year
$84,185
Net assets or fund balances, end of year
$6,513,828
Program services expenses (Part IX)
$8,902,428
Management and general expenses
$708,705
Fundraising expenses
$562,677
Program service expenses (Part III)
$8,902,428

Program services were 87.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,386,381

  • 1f · All other contributions, gifts and grants

    $5,639,422

  • 3 · Investment income

    total $225,805 · excluded $225,805

  • 7a · Gross sales of assets other than inventory

    securities $17,044

  • 7b · Less cost or other basis and sales expenses

    securities $17,044

  • 11a · Other revenue: OTHER INCOME

    total $4 · excluded $4

  • 11e · Other revenue, total

    $4

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $8,203,214 · program services $8,203,214

  • 5 · Compensation of officers, directors and key employees

    total $555,066 · program services $195,639 · management and general $163,615 · fundraising $195,812

  • 7 · Other salaries and wages

    total $584,835 · program services $205,022 · management and general $173,079 · fundraising $206,734

  • 8 · Pension plan contributions

    total $33,408 · program services $12,100 · management and general $9,498 · fundraising $11,810

  • 9 · Other employee benefits

    total $85,476 · program services $34,777 · management and general $23,147 · fundraising $27,552

  • 10 · Payroll taxes

    total $83,287 · program services $31,866 · management and general $21,024 · fundraising $30,397

  • 11b · Fees: legal

    total $35,962 · management and general $35,962

  • 11c · Fees: accounting

    total $21,750 · management and general $21,750

  • 11g · Fees: other

    total $363,135 · program services $84,228 · management and general $217,451 · fundraising $61,456

  • 13 · Office expenses

    total $3,469 · program services $2,586 · management and general $782 · fundraising $101

  • 14 · Information technology

    total $107,480 · program services $80,123 · management and general $24,228 · fundraising $3,129

  • 17 · Travel

    total $47,846 · program services $30,525 · management and general $2,587 · fundraising $14,734

  • 19 · Conferences, conventions and meetings

    total $1,344 · program services $1,025 · fundraising $319

  • 23 · Insurance

    total $6,965 · management and general $6,965

  • 24a · Other expenses: BANK AND OTHER FEES

    total $38,827 · program services $19,577 · management and general $8,617 · fundraising $10,633

  • 24b · Other expenses: OUTREACH AND PUBLICATIONS

    total $1,746 · program services $1,746

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,805 · end of year $27,904

  • 2 · Savings and temporary cash investments

    beginning of year $1,542,751 · end of year $1,320,398

  • 3 · Pledges and grants receivable

    beginning of year $2,351,999 · end of year $723,335

  • 4 · Accounts receivable

    beginning of year $77,716 · end of year $12,814

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,411 · end of year $29,650

  • 11 · Investments: publicly traded securities

    beginning of year $5,388,417 · end of year $4,483,912

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,345 · end of year $84,185

  • 27 · Net assets without donor restrictions

    beginning of year $7,530,065 · end of year $4,671,468

  • 28 · Net assets with donor restrictions

    beginning of year $1,840,689 · end of year $1,842,360

Mission and programs · 2025

Mission

BOMA'S MISSION IS TO PROVIDE THE PEOPLE AND GOVERNMENTS OF AFRICAN DRYLANDS WITH ADAPTED ECONOMIC INCLUSION PROGRAMS THAT MATERIALLY REDUCE EXTREME POVERTY RATE AND ENHANCE THEIR ABILITY TO WITHSTAND MULTIPLE CRISES.

  • 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.

    Expenses $8,240,943 · Grants $7,780,620

  • 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.

    Expenses $496,774 · Grants $449,741

  • 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.

    Expenses $164,711 · Grants $532

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elsie Mbugua

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • H Perry Boyle Jr

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Mark Flynn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Frank Degiovanni

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Patricia Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jacqueline Del Rossi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Spring Hollis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Greg Gottlieb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Bunmi Malik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • James Shiganga

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Philip Cotton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Stephen J Kelly

    TREASURER &

    Total calculated
    $263,084
    From this org
    $236,008
    From related orgs
    $0
    Other
    $27,076
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,008
    Bonus
    not reported
    Other
    not reported
    Deferred
    $14,242
    Nontaxable benefits
    $12,834
    Filer's total
    $263,084
  • Kathleen Colson

    INTERIM CEO

    Total calculated
    $39,000
    From this org
    $39,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Jaya Tiwari

    VP/CHIEF IMP

    Total calculated
    $253,003
    From this org
    $238,739
    From related orgs
    $0
    Other
    $14,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,739
    Bonus
    not reported
    Other
    not reported
    Deferred
    $14,264
    Nontaxable benefits
    not reported
    Filer's total
    $253,003
  • Janine Blemberg

    SENIOR FINAN

    Total calculated
    $130,419
    From this org
    $110,852
    From related orgs
    $0
    Other
    $19,567
    Hours/week
    40
  • Anjum Khalidi

    SR. DIR. OF

    Total calculated
    $220,213
    From this org
    $173,349
    From related orgs
    $0
    Other
    $46,864
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,349
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,631
    Nontaxable benefits
    $36,233
    Filer's total
    $220,213

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
13 August 2026
IRS schema version
2025v4.0
Source object
202612299349302676

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