The Boma Project Inc

Organization Overview

The Boma Project Inc is located in Manchester Center, VT. The organization was established in 2006. According to its NTEE Classification (Q31) the organization is classified as: International Agricultural Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2021, Boma Project Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boma Project Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Boma Project Inc generated $15.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.3% each year . All expenses for the organization totaled $5.0m during the year ending 09/2021. While expenses have increased by 23.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE BOMA PROJECT EMPOWERS WOMEN IN THE DRY LANDS OF AFRICA TO ESTABLISH SUSTAINABLE LIVELIHOODS, BUILD RESILIENT FAMILIES, GRADUATE FROM EXTREME POVERTY AND CATALYZE CHANGE IN THEIR RURAL COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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.


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.


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Board, Officers & Key Employees

Name (title)Compensation
John T Stephens
CEO
$150,000
Stephen J Kelly
Treasurer &
$127,165
Jaya Tiwari
Vp/dir Strat
$123,480
Wendy Chamberlin
Global Progr
$102,718
H Perry Boyle Jr
Chair
$0
William Ambrose
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $478,628
All other contributions, gifts, grants, and similar amounts not included above$14,599,868
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$15,078,496
Total Program Service Revenue$0
Investment income $13,885
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$389
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $15,093,429

Grants Recieved

Over the last fiscal year, we have identified 8 grants that The Boma Project Inc has recieved totaling $11,060,265.

Awarding OrganizationAmount
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: International Development

$10,000,000
The Ray And Tye Noorda Foundation

Lindon, UT

PURPOSE: HUMANITARIAN

$400,000
David Weekley Family Foundation

Houston, TX

PURPOSE: COMMUNITY SUPPORT

$350,000
Vibrant Village Foundation

Portland, OR

PURPOSE: EMPOWER WOMEN IN THE DRYLANDS OF KENYA TO ESTABLISH SUSTAINABLE LIVELIHOODS, BUILD RESILIENT FAMILIES, GRADUATE FROM EXTREME POVERTY.

$220,000
Unfcu Foundation Inc

Long Island City, NY

PURPOSE: RURAL ENTREPRENEUR ACCESS PROJECT IN KENYA

$50,000
Godley Family Foundation

Saunderstown, RI

PURPOSE: GENERAL PURPOSE

$25,000
View Grant Recipient Profile

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