THE BOMA PROJECT INC

EIN: 841671995 501(c)(3) International Affairs

MANCHESTER CENTER, VT

Total Revenue
$10,685,925
Total Expenses
$10,333,478
Total Assets
$9,453,099
Net Assets
$9,370,754
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
VT
Principal Officer
STEPHEN J KELLY
Phone
8022312542
Tax Period
2024-01-01 to 2024-12-31

THE BOMA PROJECT INC, founded in 2005, is a mid-sized nonprofit in the International Affairs sector that reported $10.7M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $10.3M left a modest 3% surplus.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,362,266
Program Service Revenue $0
Investment Income $322,094
Other Revenue $1,565
TOTAL REVENUE $10,685,925

Expense Breakdown

Grants Paid $7,864,666
Salaries & Benefits $1,487,266
Fundraising Expenses $638,410
Program Expenses $9,107,997
Other Expenses $981,546
TOTAL EXPENSES $10,333,478

Year-over-Year Comparison

2024 2023 Change
Revenue $10,685,925 $12,150,218 -0.1%
Expenses $10,333,478 $13,842,428 -0.3%
Net Income $352,447 $-1,692,210 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
10
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$675,873
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELSIE MBUGUA CHAIR 2.00
Officer Director
$0 $0 $0
H PERRY BOYLE JR VICE CHAIR 2.00
Officer Director
$0 $0 $0
MARK FLYNN DIRECTOR 2.00
Director
$0 $0 $0
FRANK DEGIOVANNI DIRECTOR 2.00
Director
$0 $0 $0
PATRICIA CAMPBELL DIRECTOR 2.00
Director
$0 $0 $0
JACQUELINE DEL ROSSI DIRECTOR 2.00
Director
$0 $0 $0
SPRING HOLLIS DIRECTOR 2.00
Director
$0 $0 $0
GREG GOTTLIEB DIRECTOR 2.00
Director
$0 $0 $0
BUNMI MALIK DIRECTOR 2.00
Director
$0 $0 $0
JAMES SHIGANGA DIRECTOR 2.00
Director
$0 $0 $0
STEPHEN J KELLY TREASURER & 40.00
Officer
$217,988 $23,739 $241,727
JAYA TIWARI VP/CHIEF IMP 40.00
Officer
$220,374 $13,222 $233,596
ANNA MECAGNI CHIEF PROG O 40.00
Officer
$189,198 $11,352 $200,550
ANJUM KHALIDI SR. DIR. OF 40.00
Highest
$154,335 $39,369 $193,704
ROBERT IRVEN DIR. COMMS & 40.00
Highest
$128,874 $18,393 $147,267
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $10,685,925 $10,333,478 $9,453,099 $352,447
2023 $12,150,218 $13,842,428 $9,136,282 $-1,692,210
2022 $10,654,473 $9,795,518 $13,630,216 $858,955
2022 $1,399,712 $4,365,147 $10,648,272 $-2,965,435
2021 $15,093,429 $4,972,113 $12,762,735 $10,121,316
2020 $4,768,415 $3,253,419 $2,708,179 $1,514,996
2019 $3,880,945 $4,189,822 $1,202,362 $-308,877
2018 $3,163,127 $3,052,408 $1,568,769 $110,719
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