Overview
What is Boma Dallas Foundation?
The Boma Dallas Foundation is a nonprofit organization, situated in an undisclosed location, dedicated to supporting individuals in the field of non-residential real estate and commercial property management. Their primary activities involve providing scholarships and continuing education seminars, aiming to foster growth and development within this sector. By offering these opportunities, the foundation aims to empower professionals, contributing to the broader industry and the advancement of commercial property management.
Official website here: www.bomadallas.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Stars
The Boma Dallas Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial health. The organization's overall score of 57% reflects some strengths, such as having a majority of independent board members and a solid governance structure with policies in place for conflicts of interest and whistleblower protection. However, weaknesses in financial management are evident, particularly with a low program expense ratio of 44.38%, suggesting that a smaller portion of funds is allocated to programs compared to administrative costs.
While the foundation has demonstrated good practices in transparency and governance, as seen with listed policies and documented board meeting minutes, it faces challenges in meeting financial benchmarks. The absence of the tax form on its website and a concerning liabilities-to-assets ratio of 6.85% indicates potential financial risks. Additionally, the salaries of key personnel are relatively high, which may raise questions about resource allocation within the organization.
Overall, while the Boma Dallas Foundation has a strong governance framework, its financial performance and programmatic focus need improvement to better serve its mission and enhance donor confidence. Stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Boma Dallas Foundation legitimate?
Boma Dallas Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boma Dallas Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bomadallas.org
What is the mission statement of Boma Dallas Foundation?
The Boma Dallas Foundation's mission is centered around providing educational opportunities. It accomplishes this through the provision of scholarships and seminars, specifically for individuals working in the field of non-residential real estate and commercial property management. The foundation also offers industry courses as part of its continuing education program. This initiative aims to support the professional growth and development of these individuals, thereby contributing to the industry as a whole.
Official website here: www.bomadallas.org
Who is the CEO of Boma Dallas Foundation?
Christian D Malesic is the Executive Dir. of Boma Dallas Foundation.
Official website here: www.bomadallas.org
What is the revenue of Boma Dallas Foundation?
Boma Dallas Foundation's revenue in 2023 was $86,076.
Official website here: www.bomadallas.org
Who are the executives of Boma Dallas Foundation and what are their salaries?
There 50 volunteers at Boma Dallas Foundation.
Here are 11 key members and their salaries:
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- Related: $117,010
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- Related: $104,953
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- Other: $0
Official website here: www.bomadallas.org
Where can I find the form 990 for Boma Dallas Foundation?
Boma Dallas Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bomadallas.org
Learn more at the official website: www.bomadallas.org
Mission Statement of Boma Dallas Foundation
The Boma Dallas Foundation, a nonprofit organization, is dedicated to providing scholarships and seminars. Its mission is to support individuals working in the field of non-residential real estate and commercial property management. The foundation achieves this by offering scholarships, which serve as financial aid, and conducting seminars as a means of continuing education. These seminars provide valuable industry-specific knowledge, enabling professionals to enhance their skills and stay updated with the latest trends. The foundation's activities are focused on empowering individuals in this field, thereby contributing to the growth and development of the non-residential real estate and commercial property management sectors.
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Impact
October, 2024
Boma Dallas Foundation significantly impacts the non-residential real estate and commercial property management sectors through its provision of scholarships, seminars, and industry courses. By offering scholarships, the foundation supports individuals pursuing careers or advancing their education in this field, enabling them to gain essential knowledge and skills. The seminars and continuing education opportunities facilitate professional growth, ensuring that individuals stay informed about industry trends and best practices. This commitment to education fosters a well-informed, skilled workforce in the Dallas area, ultimately enhancing the quality and management of commercial properties.
This information is meant to be a general summary of Boma Dallas Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,587
- Program Service Revenue: $40,574
- Gross Receipts: $130,692
Assets and Liabilities:
- Total Assets: $162,378
- Total Liabilities: $11,130
- Net Assets: $151,248
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COURSE SEMINARS
Revenue
$40,574
Organization Details
Founding Year
1993
Phone
(214) 744-9020Principal Officer
Christian D Malesic
Main Address
901 MAIN STREET STE 570 LB130, DALLAS, TX, 75202
Website
www.bomadallas.orgNTEE Category
Code: B03 - Education
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