The Boma Project INC FY2022 filing

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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.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$606K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $1.4M a year · 14% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$606K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
24 mo
of spending, in cash
Looks good: 24.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $1.4M
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$73K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 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
-87% vs prior year
Spent
$4.4M
To programs
91%
Net assets
$10.6M
By yearFY2020–FY2025
Revenue
$1.4M
FY2022▼ -87%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.8M
FY2021$15.1M
FY2022$10.7M
FY2022$1.4M
FY2023$12.2M
FY2024$10.7M
FY2025$7.3M
Expenses
$4.4M
FY2022▼ -55%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$5.0M
FY2022$9.8M
FY2022$4.4M
FY2023$13.8M
FY2024$10.3M
FY2025$10.2M
Net assets
$10.6M
FY2022▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$12.7M
FY2022$13.5M
FY2022$10.6M
FY2023$8.9M
FY2024$9.4M
FY2025$6.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2006.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $4.0M Management & general 6% · $282K Fundraising 2% · $98K

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

15 people listed on the 990; $606K paid to officers and key staff.

Part VII, Section A · reportable compensation
$234,090Pt VII · Sec A
VP/Dir Strat
$190,715Pt VII · Sec A
Treasurer &
$180,898Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jaya Tiwari’s $239K as VP/Chief Imp is at the 44th percentile of top reported officer pay among 345 $10–100M international 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2022FY2021
Jaya Tiwari$238,739$220,374$217,751$190,715$138,767$123,480
Stephen J Kelly$236,008$217,988$215,508$180,898$137,836$127,165
John T Stephens——$107,708$234,090$174,006$150,000
Anna Mecagni—$189,198$186,945———
Anjum Khalidi$173,349$154,335————
Brenda Schuster——$140,637———
Robert Irven—$128,874————
Janine Blemberg$110,852—————

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 The Boma Project INC executive salaries →

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

Programs and updates

Empowers African drylands with economic programs to build resilience against shocks.

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3 programs · $4.0M · in their own filed words · FY2022
01

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.

$3.6Mprogram expense
02

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.

$392Kprogram expense
03

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.

$28Kprogram 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
See all 12 funders →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2025 · $1.4M federal money spent
Food for Peace Development Assistance Program (dap)U.S. Agency for International Development · ALN 98.007 · Through Mercy Corps$1.4M

The auditor reported no findings.

Year ending Dec 2024 · $1.7M federal money spent
Food for Peace Development Assistance Program (dap)U.S. Agency for International Development · ALN 98.007 · Through Mercy Corps$1.7M

The auditor reported no findings.

Year ending Dec 2023 · $3.5M federal money spent
Food for Peace Development Assistance Program (dap)U.S. Agency for International Development · ALN 98.007 · Direct$3.5M

The auditor reported no findings.

Year ending Sep 2022 · $1.6M federal money spent
Food for Peace Development Assistance Program (dap)U.S. Agency for International Development · ALN 98.007 · Through Mercy Corps$1.6M

The auditor reported no findings.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$23K
Other incomeLn 4–11$2K
Money outPt IX
$4.4M
Ln 25
Programscol B$4.0M
Managementcol C$282K
Fundraisingcol D$98K
Owns and owesPt X
$10.6M
net assets · Ln 32
Cash and savingsLn 1–2$8.7M
Total assetsLn 16$10.6M
LiabilitiesLn 26$73K
PeoplePt VI, VII
15
listed · VII A
PaidVII A3
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$339K
Investment incomeLn 3$23K
Other incomeLn 4–11$2K
Gains on assetsLn 7$3K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$8.7M
Cash and savings togetherLn 1–2$8.7M
Pledges and grants receivableLn 3$844K
Prepaid expenses and deferred chargesLn 9$44K
InvestmentsLn 11–13$1.0M
Total assetsLn 16$10.6M
LiabilitiesLn 26$73K
Net assetsLn 32$10.6M
OperationsPt I, VI
EmployeesI 510
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$3.7M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$12.2M$8.7M
InvestmentsLn 11–13$1.0M$1.0M
Total assetsLn 16$13.6M$10.6M
LiabilitiesLn 26$106K$73K
Net assetsLn 32$13.5M$10.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$3.7M$3.7M
Pay of current officers, directors and key staffLn 5$119K$44K$58K$16K
Other salaries and wagesLn 7$241K$89K$119K$33K
Pension plan contributionsLn 8$18K$8K$7K$2K
Other employee benefitsLn 9$16K$5K$9K$2K
Payroll taxesLn 10$16K$6K$8K$2K
Other fees for servicesLn 11g$117K$64K$29K$24K
Office expensesLn 13$3K$693$2K$338
Information technologyLn 14$64K$59K$2K$3K
OccupancyLn 16$7K$7K
TravelLn 17$26K$5K$20K$684
Conferences, conventions and meetingsLn 19$20K$2K$17K
InsuranceLn 23$3K$950$1K$1K
Other expenses (24a–d)Ln 24$16K$1K$2K$13K
Total functional expensesLn 25$4.4M$4.0M$282K$98K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 17, 2026 $7.3M$10.2M−$2.9M$6.5M 990 PDF
FY2024Filed with the IRS May 13, 2025 $10.7M$10.3M$352K$9.4M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $12.2M$13.8M−$1.7M$8.9M 990 PDF
FY2022Filed with the IRS Jul 28, 2023 $10.7M$9.8M$859K$13.5M 990 PDF
FY2021Filed with the IRS Jul 29, 2022 $15.1M$5.0M$10.1M$12.7M 990 PDF
FY2020Filed with the IRS Jun 17, 2021 $4.8M$3.3M$1.5M$2.6M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,399,712 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,625,906$1,374,755
I-9 Program service revenue$0
I-10 Investment incomePrior year $26,382$22,976
I-11 Other revenuePrior year $2,185$1,981
I-12 Total revenuePrior year $10,654,473$1,399,712
I-13 Grants and similar amounts paidPrior year $7,204,315$3,699,403
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,272,654$409,690
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,318,549$256,054
I-18 Total expensesPrior year $9,795,518$4,365,147
I-19 Revenue less expensesPrior year $858,955−$2,965,435
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,399,712 across 7 lines filed
VIII-1e Government grants$339,130
VIII-1f All other contributions, gifts and grants$1,035,625
VIII-1h Total contributions, gifts and grants$1,374,755
VIII-3 Investment incomeExcluded from tax $19,962$19,962
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,014$3,014
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,981$1,981
VIII-12 Total revenueExcluded from tax $24,957$1,399,712
Part IX · Statement of functional expenses $4,365,147 across 14 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $3,699,403$3,699,403
IX-5 Pay of current officers, directors and key staffPrograms $44,222 · Management $58,354 · Fundraising $16,356$118,932
IX-7 Other salaries and wagesPrograms $89,011 · Management $118,611 · Fundraising $33,228$240,850
IX-8 Pension plan contributionsPrograms $8,390 · Management $7,155 · Fundraising $2,396$17,941
IX-9 Other employee benefitsPrograms $5,142 · Management $8,863 · Fundraising $2,175$16,180
IX-10 Payroll taxesPrograms $5,912 · Management $7,677 · Fundraising $2,198$15,787
IX-11g Other fees for servicesPrograms $64,475 · Management $28,834 · Fundraising $23,513$116,822
IX-13 Office expensesPrograms $693 · Management $2,376 · Fundraising $338$3,407
IX-14 Information technologyPrograms $58,928 · Management $2,084 · Fundraising $3,284$64,296
IX-16 OccupancyManagement $6,784$6,784
IX-17 TravelPrograms $4,868 · Management $20,282 · Fundraising $684$25,834
IX-19 Conferences, conventions and meetingsPrograms $2,199 · Management $17,318$19,517
IX-23 InsurancePrograms $950 · Management $1,129 · Fundraising $1,106$3,185
IX-24 Other expenses (24a–d)Programs $1,382 · Management $2,227 · Fundraising $12,600$16,209
IX-25 Total functional expensesPrograms $3,985,575 · Management $281,694 · Fundraising $97,878$4,365,147
Part X · Balance sheet $10,648,272 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $59,842$23,975
X-2 Savings and temporary cash investmentsStart of year $12,090,391$8,719,474
X-3 Pledges and grants receivableStart of year $415,606$843,991
X-9 Prepaid expenses and deferred chargesStart of year $61,554$44,131
X-11 Publicly traded securitiesStart of year $1,002,823$1,016,701
X-16 Total assetsStart of year $13,630,216$10,648,272
X-17 Accounts payable and accrued expensesStart of year $105,980$72,926
X-26 Total liabilitiesStart of year $105,980$72,926
X-27 Net assets without donor restrictionsStart of year $8,308,780$7,624,174
X-28 Net assets with donor restrictionsStart of year $5,215,456$2,951,172
X-32 Total net assets or fund balancesStart of year $13,524,236$10,575,346
X-33 Total liabilities and net assetsStart of year $13,630,216$10,648,272
Part XI · Reconciliation of net assets $10,575,346 net assets at year end
XI-1 Total revenue$1,399,712
XI-2 Total expenses$4,365,147
XI-3 Revenue less expenses−$2,965,435
XI-4 Net assets at start of year$13,524,236
XI-5 Net unrealized gains (losses) on investments$16,545
XI-10 Net assets at end of year$10,575,346

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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