Boffo INC

Tax-deductible

New York, NY501(c)(3)Arts & CultureEIN 80-0596480Revenue $1.4M in FY2024

On file with the IRSboffo-ny.org123 Bowery 4th Floor, 10002-4938 · New York, NYTax-exempt since Apr 2011Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

Fosters collaborations between artists, designers, communities, theorists, and the media in the exploration of contemporary subject matter that informs and educates the public, through innovative, participatory public arts programming.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 19 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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 5
filings with a surplus
Average surplus $87K a year · 14% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$96K
to officers and key staff · 11% of spending
Top officer’s pay lower than 70% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $715K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$59K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+118% vs prior year
Spent
$883K
To programs
84%
Net assets
$489K
By yearFY2020–FY2024
Revenue
$1.4M
FY2024▲ +118%
Tap a bar for its year
Revenue by fiscal year
FY2020$236K
FY2021$330K
FY2022$567K
FY2023$651K
FY2024$1.4M
Expenses
$883K
FY2024▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$219K
FY2021$409K
FY2022$571K
FY2023$686K
FY2024$883K
Net assets
$489K
FY2024▲ ×12
Tap a bar for its year
Net assets by fiscal year
FY2020$78K
FY2021−$972
FY2022−$13K
FY2023−$48K
FY2024$489K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2011.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $740K Management & general 15% · $132K Fundraising 1% · $11K

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

Something off? Claim to fix it

Who runs it and what they're paid

19 people listed on the 990; $96K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$95,834Pt VII · Sec A
Co-President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Faris Al-Shathir’s $96K as Executive Director is at the 30th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Faris Al-Shathir$95,834$87,506$82,085$51,162$31,916

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Boffo INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Connects artists, designers, and communities through public art to explore and educate.

Questions for Boffo INC

Tap to ask. Boffo INC sees how many people are interested.

Your first name shows with your question. Boffo INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $740K · in their own filed words · FY2024
01

Boffo Residency Fire Island

Artistic residences & presentations contextualized by the history and culture of the pines. Events & programs include musical performances, art exhibitions, experimental food presentations, movie screenings, painting workshops, craft lessons, and more.

$740Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 1 grant · $26K · 2023–2023
Rhubarb Group INCFY2023$26,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$183K
Fees for servicesLn 2g$99K
Money outPt IX
$883K
Ln 25
Programscol B$740K
Managementcol C$132K
Fundraisingcol D$11K
Owns and owesPt X
$489K
net assets · Ln 32
Cash and savingsLn 1–2$424K
Total assetsLn 16$548K
LiabilitiesLn 26$59K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fundraising eventsLn 1c$67K
Fees for servicesLn 2g$99K
Investment incomeLn 3$183K
Other incomeLn 4–11$80K
Gains on assetsLn 7$183K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$424K
Cash and savings togetherLn 1–2$424K
Other assetsLn 15$12K
Total assetsLn 16$548K
LiabilitiesLn 26$59K
Net assetsLn 32$489K
OperationsPt I, VI
EmployeesI 50
VolunteersI 619
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$53K$424K
Total assetsLn 16$99K$548K
LiabilitiesLn 26$146K$59K
Net assetsLn 32−$48K$489K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$109K$94K$15K
Other salaries and wagesLn 7$115K$100K$16K
Payroll taxesLn 10$17K$14K$2K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$259K$224K$35K
Advertising and promotionLn 12$9K$5K$4K
Office expensesLn 13$7K$7K
OccupancyLn 16$242K$239K$3K
TravelLn 17$18K$12K$1K$5K
InsuranceLn 23$43K$42K$850
Other expenses (24a–d)Ln 24$58K$53K$614$5K
Total functional expensesLn 25$883K$740K$132K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.4M$883K$536K$489K 990 PDF
FY2023 $651K$686K−$35K−$48K 990 PDF
FY2022 $567K$571K−$4K−$13K 990 PDF
FY2021 $330K$409K−$79K−$972 990 PDF
FY2020 $236K$219K$17K$78K 990 PDF

More to add? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $1,419,552 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $303,106$1,057,841
I-9 Program service revenuePrior year $127,500$99,000
I-10 Investment incomePrior year $159,845$182,611
I-11 Other revenuePrior year $60,800$80,100
I-12 Total revenuePrior year $651,251$1,419,552
I-13 Grants and similar amounts paidPrior year $33,510$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $208,171$240,882
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $444,598$642,298
I-18 Total expensesPrior year $686,279$883,180
I-19 Revenue less expensesPrior year −$35,028$536,372
Part VI · Governance 18 of 18 board members independent, 2 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,419,552 across 8 lines filed
VIII-1c Fundraising events$67,295
VIII-1f All other contributions, gifts and grants$990,546
VIII-1h Total contributions, gifts and grants$1,057,841
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $99,000$99,000
VIII-6 Net rental income or lossRelated to mission $80,100$80,100
VIII-7 Net gain or loss on sales of assetsRelated to mission $182,611$182,611
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $361,711 · Unrelated business $0 · Excluded from tax $0$1,419,552
Part IX · Statement of functional expenses $883,180 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $94,118 · Management $14,788$108,906
IX-7 Other salaries and wagesPrograms $99,606 · Management $15,650$115,256
IX-10 Payroll taxesPrograms $14,450 · Management $2,270$16,720
IX-11c Accounting feesManagement $5,519$5,519
IX-11g Other fees for servicesPrograms $223,789 · Management $35,157$258,946
IX-12 Advertising and promotionPrograms $4,666 · Management $3,984$8,650
IX-13 Office expensesManagement $7,174$7,174
IX-16 OccupancyPrograms $239,027 · Management $3,473$242,500
IX-17 TravelPrograms $11,810 · Management $1,312 · Fundraising $4,889$18,011
IX-23 InsuranceManagement $42,233 · Fundraising $850$43,083
IX-24 Other expenses (24a–d)Programs $52,702 · Management $614 · Fundraising $5,099$58,415
IX-25 Total functional expensesPrograms $740,168 · Management $132,174 · Fundraising $10,838$883,180
Part X · Balance sheet $548,084 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $52,815$424,257
X-4 Accounts receivableStart of year $34,274$112,127
X-15 Other assetsStart of year $11,700$11,700
X-16 Total assetsStart of year $98,789$548,084
X-17 Accounts payable and accrued expensesStart of year $106,523$22,896
X-19 Deferred revenue$26,550
X-26 Total liabilitiesStart of year $146,423$59,346
X-27 Net assets without donor restrictionsStart of year −$47,634$488,738
X-32 Total net assets or fund balancesStart of year −$47,634$488,738
X-33 Total liabilities and net assetsStart of year $98,789$548,084
Part XI · Reconciliation of net assets $488,738 net assets at year end
XI-1 Total revenue$1,419,552
XI-2 Total expenses$883,180
XI-3 Revenue less expenses$536,372
XI-4 Net assets at start of year−$47,634
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$488,738

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.