Boma Foundation FY2021 filing

Tax-deductible

Washington, DC501(c)(3)Community DevelopmentEIN 52-1905266Revenue $25K in FY2021

On file with the IRSboma.org1101 15th St Nw Ste 800, 20005-5021 · Washington, DCTax-exempt since Mar 1995Supporting organization — 509(a)(3)

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Provide education and research to the commercial real estate industry.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $923 a year · 4% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
50 mo
of spending, in cash
Looks good: 50.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $505K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25K
-28% vs prior year
Spent
$22K
To programs
62%
Net assets
$90K
By yearFY2020–FY2024
Revenue
$25K
FY2021▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$35K
FY2021$25K
FY2022$10K
FY2023$25K
FY2024$29K
Expenses
$22K
FY2021▲ +65%
Tap a bar for its year
Expenses by fiscal year
FY2020$13K
FY2021$22K
FY2022$24K
FY2023$32K
FY2024Not on file
Net assets
$90K
FY2021▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$86K
FY2021$90K
FY2022$75K
FY2023$68K
FY2024$90K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $14K Management & general 38% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President and COO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
See Boma Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates and researches for the commercial real estate industry.

Provided by the organization

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1 program · $14K · in their own filed words · FY2021
01

Provide education support as well as career support to students and veterans interested in potential careers in commercial real estate.

$14Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$505K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$25K
Ln 12
Gifts and grantsLn 1h$25K
Fees for servicesLn 2g$10
Money outPt IX
$22K
Ln 25
Programscol B$14K
Managementcol C$8K
Owns and owesPt X
$90K
net assets · Ln 32
Cash and savingsLn 1–2$92K
Total assetsLn 16$92K
LiabilitiesLn 26$2K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25K
Fees for servicesLn 2g$10
Total revenueLn 12$25K
Assets in detailPt X, end of year
CashLn 1$92K
Cash and savings togetherLn 1–2$92K
Total assetsLn 16$92K
LiabilitiesLn 26$2K
Net assetsLn 32$90K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$92K$92K
Total assetsLn 16$92K$92K
LiabilitiesLn 26$5K$2K
Net assetsLn 32$86K$90K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Investment management feesLn 11f$8K$8K
Conferences, conventions and meetingsLn 19$14K$14K
Other expenses (24a–d)Ln 24$398$398
Total functional expensesLn 25$22K$14K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $29K$90K 990 PDF
FY2023 $25K$32K−$7K$68K 990 PDF
FY2022 $10K$24K−$15K$75K 990 PDF
FY2021 Viewing $25K$22K$3K$90K 990 PDF
FY2020 $35K$13K$22K$86K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $25,060 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,027$25,050
I-9 Program service revenuePrior year $11$10
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $35,038$25,060
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,176$21,771
I-18 Total expensesPrior year $13,176$21,771
I-19 Revenue less expensesPrior year $21,862$3,289
Part VI · Governance 4 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $25,060 across 4 lines filed
VIII-1f All other contributions, gifts and grants$25,050
VIII-1h Total contributions, gifts and grants$25,050
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10$10
VIII-12 Total revenueRelated to mission $10 · Unrelated business $0 · Excluded from tax $0$25,060
Part IX · Statement of functional expenses $21,771 across 3 lines filed
IX-11f Investment management feesManagement $7,808$7,808
IX-19 Conferences, conventions and meetingsPrograms $13,565$13,565
IX-24 Other expenses (24a–d)Management $398$398
IX-25 Total functional expensesPrograms $13,565 · Management $8,206 · Fundraising $0$21,771
Part X · Balance sheet $91,542 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $91,613$91,542
X-16 Total assetsStart of year $91,613$91,542
X-17 Accounts payable and accrued expenses$1,785
X-25 Other liabilitiesStart of year $5,145$0
X-26 Total liabilitiesStart of year $5,145$1,785
X-27 Net assets without donor restrictionsStart of year $86,468$89,757
X-32 Total net assets or fund balancesStart of year $86,468$89,757
X-33 Total liabilities and net assetsStart of year $91,613$91,542
Part XI · Reconciliation of net assets $89,757 net assets at year end
XI-1 Total revenue$25,060
XI-2 Total expenses$21,771
XI-3 Revenue less expenses$3,289
XI-4 Net assets at start of year$86,468
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$89,757

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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