Bff1 LLC

990EZ • Fiscal year 2021 • EIN 06-1790333

Aug 01, 2020 to Jul 31, 2021 • Filed on Nov 03, 2021

Organization Profile N/A

491 East Main StreetNorwich, CT 06360

(860) 889-6298

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.57x

Higher debt load relative to assets than 91% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

2.27x

Higher debt load relative to revenue than 98% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

17%

Higher net margin than 70% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

-1.6%

Faster asset growth than 37% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

4.5%

Faster revenue growth than 49% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet

Liabilities / Assets91st percentile

Assets

Down

$144,821

Down $2,378 (-1.6%) from 2020

Net Assets

$62,634

Up $6,315 (+11%) from 2020

Liabilities

Down

$82,187

Down $8,693 (-9.6%) from 2020

Revenue And Expenses

Liabilities / Revenue98th percentile Net Margin70th percentile

Revenue

$36,216

Up $1,561 (+4.5%) from 2020

Expenses

Down

$29,901

Down $2,024 (-6.3%) from 2020

Net Income

$6,315

Up $3,585 (+131%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2021

Assets$144,821

Liabilities$82,187

Net Assets$62,634

Open 2021 Filing

Operations Trend

Revenue Growth49th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2021

Revenue$36,216

Expenses$29,901

Net Income$6,315

Open 2021 Filing

Jump To

Filing Snapshot

Filing Period: Aug 1, 2020 to Jul 31, 2021
Signed: Nov 3, 2021
Return Version: 2020v4.1
Gross Receipts: $36,216

Mission and Program Overview

Mission

To foster companionship between individuals with like ideas centering around the riding of motorcycles and provide donations to charitable organizations.

Program Services

Description	Grants	Expenses
COMPANIONSHIP WITH OTHERS SHARING LIKE IDEAS CENTERING AROUND THE RIDING OF MOTORCYCLES	$0	$0

Compensation and Service Providers

Top Officer Pay93rd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
THOMAS YEO	Treasurer	-	$0	-	-
DENNIS KEXEL	President	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Bff1 LLC
EIN: 06-1790333
Phone: 8608896298
Address: 491 EAST MAIN STREET, NORWICH, CT 06360

Signing Officer

Name: Thomas Yeo
Title: Treasurer
Phone: 8608896298
Signed: 2021-11-03
Discuss with paid preparer: Yes

Preparer

Firm: Timothy S Ashburner CPA
Address: 758 BOSWELL AVE, NORWICH, CT 06360
Phone: 8608861483

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: holiday gifts for less fortunate. Grantee name: madonna place. Grantee address: 240 main street norwich, ct 06360. Grantee relationship: none. Property description: toys & clothing. Date of gift: 12/20/20. Amount given: 1,460.”

Form 990-ez, Part I, Line 14

“Description: depreciation. Amount: 3,062. Description: other expenses. Amount: 24,205. Total to form 990-ez, line 14: 27,267.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank charges. Amount: 4. Description: telephone. Amount: 595. Total to form 990-ez, line 16: 599.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: utility deposit. Beg. Of year amount: 300. End of year amount: 300.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: note payable. Beg. Of year amount: 90,880. End of year amount: 82,187.”

Raw XML Appendix117 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	0
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt	0	THOMAS YEO
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	8608896298
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	491 EAST MAIN STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	NORWICH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	CT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	06360
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	2765
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	3449
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	0
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	1460
IRS990EZ/DirectIndirectPltclExpendAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	0
IRS990EZ/ExcessOrDeficitForYearAmt	0	6315
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	575
IRS990EZ/ForeignFinancialAccountInd	0	0
IRS990EZ/ForeignOfficeInd	0	0
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	147199
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	144821
IRS990EZ/GrantsAndSimilarAmountsPaidAmt	0	1460
IRS990EZ/GrossReceiptsAmt	0	36216
IRS990EZ/GrossReceiptsForPublicUseAmt	0	0
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InfoInScheduleOPartVInd	0	X
IRS990EZ/InitiationFeesAndCapContriAmt	0	0
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	144134
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	141072
IRS990EZ/MadeLoansToFromOfficersInd	0	0
IRS990EZ/MembershipDuesAmt	0	34756
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	56319
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	62634
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	56319
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	62634
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	27267
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	2.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	2.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	THOMAS YEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	DENNIS KEXEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	PRESIDENT
IRS990EZ/OperateHospitalInd	0	0
IRS990EZ/Organization501cInd	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	0
IRS990EZ/OrganizationHadUBIInd	0	0
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	300
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	300
IRS990EZ/OtherChangesInNetAssetsAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	599
IRS990EZ/PoliticalCampaignActyInd	0	0
IRS990EZ/PrimaryExemptPurposeTxt	0	TO FOSTER COMPANIONSHIP BETWEEN INDIVIDUALS WITH LIKE IDEAS CENTERING AROUND THE RIDING OF MOTORCYCLES AND PROVIDE DONATIONS TO CHARITABLE ORGANIZATIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	COMPANIONSHIP WITH OTHERS SHARING LIKE IDEAS CENTERING AROUND THE RIDING OF MOTORCYCLES
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	0
IRS990EZ/ProhibitedTaxShelterTransInd	0	0
IRS990EZ/RelatedOrganizationCtrlEntInd	0	0
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SubjectToProxyTaxInd	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	90880
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	82187
IRS990EZ/TanningServicesProvidedInd	0	0
IRS990EZ/TotalExpensesAmt	0	29901
IRS990EZ/TotalRevenueAmt	0	36216
IRS990EZ/TypeOfOrganizationAssocInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	ACTIVITY CLASSIFICATION: HOLIDAY GIFTS FOR LESS FORTUNATE. GRANTEE NAME: MADONNA PLACE. GRANTEE ADDRESS: 240 MAIN STREET NORWICH, CT 06360. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: TOYS & CLOTHING. DATE OF GIFT: 12/20/20. AMOUNT GIVEN: 1,460.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	DESCRIPTION: DEPRECIATION. AMOUNT: 3,062. DESCRIPTION: OTHER EXPENSES. AMOUNT: 24,205. TOTAL TO FORM 990-EZ, LINE 14: 27,267.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	DESCRIPTION: BANK CHARGES. AMOUNT: 4. DESCRIPTION: TELEPHONE. AMOUNT: 595. TOTAL TO FORM 990-EZ, LINE 16: 599.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	DESCRIPTION: UTILITY DEPOSIT. BEG. OF YEAR AMOUNT: 300. END OF YEAR AMOUNT: 300.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	DESCRIPTION: NOTE PAYABLE. BEG. OF YEAR AMOUNT: 90,880. END OF YEAR AMOUNT: 82,187.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc	0	THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd	0	AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd	0	IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	2
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	1
ReturnHeader/BusinessOfficerGrp/PersonNm	0	THOMAS YEO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	8608896298
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2021-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	BFF1 LLC
ReturnHeader/Filer/BusinessNameControlTxt	0	BFF1
ReturnHeader/Filer/EIN	0	061790333
ReturnHeader/Filer/PhoneNum	0	8608896298
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	491 EAST MAIN STREET
ReturnHeader/Filer/USAddress/CityNm	0	NORWICH
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	CT
ReturnHeader/Filer/USAddress/ZIPCd	0	06360
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	061220109
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	TIMOTHY S ASHBURNER CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	758 BOSWELL AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	NORWICH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	06360
ReturnHeader/PreparerPersonGrp/PhoneNum	0	8608861483
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2021-11-03
ReturnHeader/PreparerPersonGrp/SelfEmployedInd	0	X
ReturnHeader/ReturnTs	0	2021-11-17T08:30:04-06:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	THOMAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	YEO
ReturnHeader/TaxPeriodBeginDt	0	2020-08-01
ReturnHeader/TaxPeriodEndDt	0	2021-07-31
ReturnHeader/TaxYr	0	2020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $144,821
Liabilities: $82,187
Net assets: $62,634
Revenue: $36,216
Expenses: $29,901
Net income: $6,315

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.40	$0.32	$1.08	$0.50	$0.31	$0.19
2024Detailed filing. Detailed filing data is available for this year.	$1.37	$0.48	$0.89	$0.38	$0.28	$0.09
2023Detailed filing. Detailed filing data is available for this year.	$1.39	$0.60	$0.79	$0.39	$0.35	$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.46	$0.71	$0.75	$0.42	$0.30	$0.12
2021Detailed filing. Detailed filing data is available for this year.	$1.45	$0.82	$0.63	$0.36	$0.30	$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.47	$0.91	$0.56	$0.35	$0.32	$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.51	$0.97	$0.54	$0.34	$0.29	$0.05
2018Detailed filing. Detailed filing data is available for this year.	$1.53	$1.04	$0.49	$0.31	$0.30	$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.57	$1.09	$0.48	$0.28	$0.28	$0.01
2016Detailed filing. Detailed filing data is available for this year.	$1.62	$1.14	$0.48	$0.34	$0.28	$0.05
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.	$1.62	$1.19	$0.43	$0.35	$0.31	$0.03