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Boma Foundation FY2023 filing

Tax-deductible

Washington, DC501(c)(3)Community DevelopmentEIN 52-1905266

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Provide education and research to the commercial real estate industry.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
29 mo
of spending, in cash
Looks good: 28.6 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
$7K
10% of total assets
Looks good: liabilities are 10% 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
+158% vs prior year
Spent
$32K
To programs
70%
Net assets
$68K
By yearFY2020–FY2024
Revenue
$25K
FY2023▲ +158%
Revenue by fiscal year
FY2020$35K
FY2021$25K
FY2022$10K
FY2023$25K
FY2024$29K
Expenses
$32K
FY2023▲ +31%
Expenses by fiscal year
FY2020$13K
FY2021$22K
FY2022$24K
FY2023$32K
FY2024Not on file
Net assets
$68K
FY2023▼ -9%
Net assets by fiscal year
FY2020$86K
FY2021$90K
FY2022$75K
FY2023$68K
FY2024$90K

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 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

70 cents of each dollar spent went to programs.

Program services 70% · $22K Management & general 30% · $10K

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
Henry Chamberlain
President and COO
$0Pt VII · Sec A
$0Pt VII · Sec A
Manuel Moreno
Chair Elect
$0Pt VII · Sec A
Luci Smith
Vice Chair
$0Pt VII · Sec A
Murray Green
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 service account for $22K of program spending, described in the organization's own filed words · FY2023.
01

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

$22Kprogram expense

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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
Hampshire Foundation INCFY2024$500K
The Reinhold FoundationFY2024$5K
Total grants receivedfrom 2 funders$505K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$25K
Ln 12
Gifts and grantsLn 1h$25K
Investment incomeLn 3$150
Fees for servicesLn 2g$8
Money outPt IX
$32K
Ln 25
Programscol B$22K
Managementcol C$10K
Owns and owesPt X
$68K
net assets · Ln 32
Cash and savingsLn 1–2$76K
Total assetsLn 16$76K
LiabilitiesLn 26$7K
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$8
Investment incomeLn 3$150
Total revenueLn 12$25K
Assets in detailPt X, end of year
CashLn 1$36K
SavingsLn 2$40K
Cash and savings togetherLn 1–2$76K
Other assetsLn 15$50
Total assetsLn 16$76K
LiabilitiesLn 26$7K
Net assetsLn 32$68K
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 FY23End FY23
Cash and savingsLn 1–2$79K$76K
Total assetsLn 16$79K$76K
LiabilitiesLn 26$4K$7K
Net assetsLn 32$75K$68K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$4K$4K
Conferences, conventions and meetingsLn 19$22K$22K
Total functional expensesLn 25$32K$22K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $29K$90K 990 PDF
FY2023 Viewing $25K$32K−$7K$68K 990 PDF
FY2022 $10K$24K−$15K$75K 990 PDF
FY2021 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $24,937 across 5 lines filed
VIII-1f All other contributions, gifts and grants$24,779
VIII-1h Total contributions, gifts and grants$24,779
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8$8
VIII-3 Investment incomeExcluded from tax $150$150
VIII-12 Total revenueRelated to mission $8 · Unrelated business $0 · Excluded from tax $150$24,937
Part IX · Statement of functional expenses $31,829 across 3 lines filed
IX-11g Other fees for servicesManagement $6,143$6,143
IX-13 Office expensesManagement $3,501$3,501
IX-19 Conferences, conventions and meetingsPrograms $22,185$22,185
IX-25 Total functional expensesPrograms $22,185 · Management $9,644 · Fundraising $0$31,829
Part X · Balance sheet $75,982 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $78,909$35,591
X-2 Savings and temporary cash investments$40,335
X-4 Accounts receivable$6
X-15 Other assetsStart of year $0$50
X-16 Total assetsStart of year $78,909$75,982
X-17 Accounts payable and accrued expensesStart of year $3,720$7,493
X-26 Total liabilitiesStart of year $3,720$7,493
X-27 Net assets without donor restrictionsStart of year $75,189$68,489
X-32 Total net assets or fund balancesStart of year $75,189$68,489
X-33 Total liabilities and net assetsStart of year $78,909$75,982
Part XI · Reconciliation of net assets $68,489 net assets at year end
XI-1 Total revenue$24,937
XI-2 Total expenses$31,829
XI-3 Revenue less expenses−$6,892
XI-4 Net assets at start of year$75,189
XI-5 Net unrealized gains (losses) on investments$192
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$68,489

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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