Overview
What is The Boma Project Inc?
The Boma Project Inc, located in Manchester Center, Vermont, is a nonprofit organization dedicated to uplifting ultra-poor women in Africa's drylands, primarily focusing on women at the heart of extreme poverty, climate change, and social isolation. Their innovative, data-driven program, called the Rural Entrepreneur Access Project (REAP), offers a two-year course of interventions encompassing a business start-up grant, financial and life skills training, mentoring, and a savings program. By following this sequence, the organization helps these women establish financial resilience, enabling them to escape extreme poverty and provide for their families. On average, 96% of these women meet The Boma Project's strict criteria for graduating from extreme poverty, demonstrating they can afford food, diversify income, and save for significant resources like education and medical care. The organization's mission is to empower the people and governments of Africa's drylands with economic inclusion programs that enhance their resilience to both economic and environmental shocks, contributing to a more stable and prosperous future.
Official website here: www.bomaproject.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98%, Four-Star out of Four Stars
The BOMA Project Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and effectiveness in its operations. With an Accountability & Finance Score of 100 and an overall score driven by strong metrics in Impact & Measurement, Leadership & Adaptability, and Culture & Community, the organization demonstrates a commitment to transparency and efficient use of funds. The majority of its board members are independent, which adds to its credibility.
User feedback highlights the effectiveness of BOMA's approach in empowering women and alleviating poverty in rural Kenya through its targeted programs. Many reviewers commend the organization's strong local connections, dedication to participant empowerment, and data-driven methodologies. The unique model of providing cash grants along with training has proven successful, as evidenced by the substantial number of businesses launched and families uplifted.
Limitations in the data are minimal, with no significant concerns raised by users. Some mention the challenges of working in remote areas, but overall, the feedback reflects a well-respected organization making a lasting impact. BOMA's focus on sustainability and resilience in the face of climate change further underscores its relevance and effectiveness in addressing the needs of the communities it serves.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Boma Project Inc legitimate?
The Boma Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Boma Project Inc 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: $118,932
Professional Fundraising Fees: $0
Other Salaries and Wages: $240,850
For more financial information, click here
Official website here: www.bomaproject.org
What is the mission statement of The Boma Project Inc?
The Boma Project Inc's mission is centered around providing economic inclusion programs to the people and governments of Africa's drylands. The primary aim is to enhance resilience against economic and environmental shocks. One of their initiatives, the Rural Entrepreneur Access Project (REAP), is a high-impact, data-driven program that focuses on ultra-poor women in extreme poverty. Over a two-year period, REAP implements a sequenced intervention strategy, which includes providing a cash transfer to start a small business, offering financial and life skills training, mentoring, and a savings program. This holistic approach enables the poorest and most vulnerable women to establish savings, build resilience, and gradually lift themselves and their families out of extreme poverty, with an average success rate of 96% based on The Boma Project Inc's stringent criteria.
Official website here: www.bomaproject.org
Who is the CEO of The Boma Project Inc?
Stephen J Kelly is the Chair of The Boma Project Inc. The CEO's salary of The Boma Project Inc is $234,090 and their total compensation is $258,190.
Official website here: www.bomaproject.org
What is the revenue of The Boma Project Inc?
The Boma Project Inc's revenue in 2022 was $1,399,712.
Official website here: www.bomaproject.org
Who are the executives of The Boma Project Inc and what are their salaries?
The average compensation at The Boma Project Inc during 2022 was $25,699. There are 14 employees at The Boma Project Inc.
Here are 15 key members and their salaries (The Boma Project Inc's CEO's salary is $234,090 and their total compensation is $258,190):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $234,090
- Related: $0
- Other: $24,100
- Compensation: $180,898
- Related: $0
- Other: $18,858
- Compensation: $190,715
- Related: $0
- Other: $11,443
Official website here: www.bomaproject.org
Where can I find the form 990 for The Boma Project Inc?
The Boma Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bomaproject.org
Learn more at the official website: www.bomaproject.org
Mission Statement of The Boma Project Inc
The Boma Project Inc is committed to providing economic inclusion programs to the people and governments of Africa's drylands. Their mission is to enhance resilience against economic and environmental shocks for this region. Specifically, they implement a high-impact, data-driven, and gender-focused poverty graduation program called the Rural Entrepreneur Access Project (REAP). This project targets ultra-poor women who are at the heart of extreme poverty, climate change, and social isolation.
Through a two-year process of sequenced interventions, REAP empowers these women to rise above poverty. Initiatives include providing a cash transfer to start a small business, offering financial and life skills training, mentoring, and implementing a savings program. With these tools, women can build their resilience to shocks, enabling them to lift themselves and their families out of extreme poverty. Remarkably, on average, 96% of women who participate in REAP graduate from extreme poverty based on The Boma Project Inc's stringent criteria, which includes having enough food for their children, diversified income sources, and savings to afford life-changing resources such as education and medical care.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Boma Project Inc's impact lies in transforming the lives of ultra-poor women in Africa's drylands through their Rural Entrepreneur Access Project (REAP). This innovative and high-impact program empowers these women by providing them with the resources, skills, and support needed to start small businesses, build savings, and lift themselves out of extreme poverty. With a comprehensive two-year process that includes cash transfers, training, mentoring, and savings programs, Boma's REAP has a remarkable success rate, with an average of 96% of women graduating from extreme poverty. By focusing on the true "last mile" of economic and social isolation, The Boma Project is not only changing individual lives but also strengthening communities and increasing resilience to economic and environmental shocks in Africa's drylands.
This information is meant to be a general summary of The Boma Project Inc. 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 2022.
- Investment Income: $22,976
- Gross Receipts: $1,409,850
Assets and Liabilities:
- Total Assets: $10,648,272
- Total Liabilities: $72,926
- Net Assets: $10,575,346
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2005
Phone
(802) 231-2542Principal Officer
Stephen J Kelly
Main Address
PO BOX 1865, MANCHESTER CENTER, VT, 05255
Website
www.bomaproject.orgNTEE Category
Code: Q31 - International
If you are a representative of The Boma Project Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.