Nonprofit · EIN 84-1671995
THE BOMA PROJECT INC
Tax-exempt · MANCHESTR CTR, VT 05255
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $7,251,612 | $10,173,810 | -$2,922,198 | $6,598,013 | $84,185 | $6,513,828 |
| December 31, 2024 | 990 | $10,685,925 | $10,333,478 | $352,447 | $9,453,099 | $82,345 | $9,370,754 |
| December 31, 2023 | 990 | $12,150,218 | $13,842,428 | -$1,692,210 | $9,136,282 | $190,365 | $8,945,917 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $7,025,803
- of which government grants
- $1,386,381
- Program service revenue
- $0
- Investment income
- $225,805
- Other revenue
- $4
Expenses
- Grants and similar amounts paid
- $8,203,214
- Compensation of officers, directors and key employees
- $555,066
- Other salaries and wages
- $584,835
- Salaries, compensation and benefits (total)
- $1,342,072
- Professional fundraising fees
- $0
- Legal fees
- $35,962
- Accounting fees
- $21,750
- Travel
- $47,846
- Program services (functional)
- $8,902,428
- Management and general (functional)
- $708,705
- Fundraising (functional)
- $562,677
Balance sheet and other
- Total assets, start of year
- $9,453,099
- Total assets, end of year
- $6,598,013
- Total liabilities, end of year
- $84,185
- Net assets, end of year
- $6,513,828
- Publicly traded securities
- $4,483,912
- Net assets without donor restrictions
- $4,671,468
- Net assets with donor restrictions
- $1,842,360
- Gross receipts
- $7,268,656
- Employees
- 10
- Year formed
- 2005
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN J KELLY | TREASURER & Officer | 40 | $236,008 | $27,076 |
| JAYA TIWARI | VP/CHIEF IMP Officer | 40 | $238,739 | $14,264 |
| ANJUM KHALIDI | SR. DIR. OF Highest-paid employee | 40 | $173,349 | $46,864 |
| JANINE BLEMBERG | SENIOR FINAN Highest-paid employee | 40 | $110,852 | $19,567 |
| KATHLEEN COLSON | INTERIM CEO Officer | 40 | $39,000 | $0 |
| ELSIE MBUGUA | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| H PERRY BOYLE JR | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARK FLYNN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| FRANK DEGIOVANNI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PATRICIA CAMPBELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JACQUELINE DEL ROSSI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SPRING HOLLIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GREG GOTTLIEB | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BUNMI MALIK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES SHIGANGA | DIRECTOR Trustee or director | 2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILIP COTTON | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN J KELLY | TREASURER & Officer | 40 | $217,988 | $23,739 |
| JAYA TIWARI | VP/CHIEF IMP Officer | 40 | $220,374 | $13,222 |
| ANNA MECAGNI | CHIEF PROG O Officer | 40 | $189,198 | $11,352 |
| ANJUM KHALIDI | SR. DIR. OF Highest-paid employee | 40 | $154,335 | $39,369 |
| ROBERT IRVEN | DIR. COMMS & Highest-paid employee | 40 | $128,874 | $18,393 |
| ELSIE MBUGUA | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| H PERRY BOYLE JR | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARK FLYNN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| FRANK DEGIOVANNI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PATRICIA CAMPBELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JACQUELINE DEL ROSSI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SPRING HOLLIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GREG GOTTLIEB | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BUNMI MALIK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES SHIGANGA | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN J KELLY | TREASURER & Officer | 45 | $215,508 | $21,536 |
| JAYA TIWARI | VP/DIR STRAT Highest-paid employee | 45 | $217,751 | $13,065 |
| ANNA MECAGNI | CHIEF PROG O Officer | 45 | $186,945 | $11,217 |
| BRENDA SCHUSTER | SR. DIR. OF Highest-paid employee | 45 | $140,637 | $9,300 |
| JOHN T STEPHENS | CEO Officer | 45 | $107,708 | $15,293 |
| H PERRY BOYLE JR | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ELSIE MBUGUA | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM AMBROSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICIA CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREGORY COUSSA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANK DEGIOVANNI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACQUELINE DEL ROSSI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK FLYNN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MOGES GEBREMEDHIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SPRING HOLLIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1865, MANCHESTR CTR, VT 05255-1865
- In care of
- % KATHLEEN COLSON
- Principal officer (990 for 2025)
- STEPHEN J KELLY, PO BOX 1865, MANCHESTER CENTER, VT 05255
- Signed the 990
- STEPHEN J KELLY, TREASURER & COO
- Phone
- (802) 231-2542
- Website
- WWW.BOMAPROJECT.ORG
- Return prepared by
- DAVIS & HODGDON ASSOCIATES CPAS PLC
Mission
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.
Program accomplishments
- 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. THROUGH A TWO-YEAR PROCESS OF SEQUENCED INTERVENTIONS - INCLUDING A CASH TRANSFER TO START A SMALL BUSINESS, FINANCIAL AND LIFE SKILLS TRAINING, MENTORING, AND A SAVINGS PROGRAM - REAP HELPS THE POOREST AND MOST VULNERABLE WOMEN ESTABLISH SAVINGS TO BUILD THEIR RESILIENCE TO SHOCKS AND LIFT THEMSELVES AND THEIR FAMILIES OUT OF EXTREME POVERTY. ON AVERAGE, 96% OF WOMEN "GRADUATE" FROM EXTREME POVERTY BASED ON BOMA'S STRICT CRITERIA, MEANING THEY HAVE FOOD FOR THEIR CHILDREN, DIVERSIFIED INCOME AND SAVINGS, AND THE ABILITY TO PAY FOR LIFE-CHANGING RESOURCES LIKE EDUCATION AND MEDICAL CARE.Expenses $8,240,943 · grants $7,780,620
- 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. AS A TECHNICAL ADVISOR TO GOVERNMENTS, BOMA SUPPORTS THE ACTIVITIES AND PROCESSES THAT WILL LEAD TO THE ADOPTION OF THE GRADUATION APPROACH INTO SOCIAL PROTECTION SYSTEMS, BEGINNING WITH KENYA.Expenses $496,774 · grants $449,741
- 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. BOMA CONTINUES TO BRING THE ISSUES OF THE MOST VULNERABLE POPULATIONS IN FORGOTTEN AREAS INTO GLOBAL DEBATE THROUGH PUBLICATIONS AND SPEAKING ENGAGEMENTS. IN ADDITION, BOMA CONDUCTS OUTREACH WITH GOVERNMENTS AND OTHER STAKEHOLDERS IN THE POVERTY GRADUATION FIELD BY HOSTING POVERTY GRADUATION LEARNING EVENTS, FIELD VISITS, AND BRIEFINGS FOR GOVERNMENT DELEGATIONS, SUCH AS FOR KENYA, ETHIOPIA AND SUDAN, WHO ARE INTERESTED IN TESTING BOMA'S MODEL IN THEIR COUNTRIES.Expenses $164,711 · grants $532
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-1671995
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q31)
- Assets (IRS master file)
- $6,598,013
- Income (IRS master file)
- $7,268,656
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $7,251,612 | $10,173,810 | $6,598,013 | XML |
| 990 | December 2024 | $10,685,925 | $10,333,478 | $9,453,099 | IRS |
| 990 | December 2023 | $12,150,218 | $13,842,428 | $9,136,282 | XML |
| 990 | December 2022 | $1,399,712 | $4,365,147 | $10,648,272 | IRS |
| 990 | September 2022 | $10,654,473 | $9,795,518 | $13,630,216 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-1671995).
Questions about THE BOMA PROJECT INC
- What is the EIN of THE BOMA PROJECT INC?
- The employer identification number (EIN) of THE BOMA PROJECT INC is 84-1671995.
- Is THE BOMA PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to THE BOMA PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE BOMA PROJECT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE BOMA PROJECT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE BOMA PROJECT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE BOMA PROJECT INC?
- The 990 for the year ended December 31, 2025 names STEPHEN J KELLY.
- Who are the officers and directors of THE BOMA PROJECT INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 5 received compensation from the organization, the highest $236,008 (STEPHEN J KELLY, TREASURER &).
- How much revenue does THE BOMA PROJECT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $7,251,612, expenses of $10,173,810 and total assets of $6,598,013 at year end.
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