Bff1 LLC

990EZ • Fiscal year 2023 • EIN 06-1790333

Aug 01, 2022 to Jul 31, 2023 • Filed on Sep 21, 2023

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.

0.43x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

1.51x

Higher debt load relative to revenue than 97% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

11%

Higher net margin than 69% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Higher top officer pay than 93% of similar nonprofits.

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

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

-5.1%

Faster asset growth than 33% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

-6.3%

Faster revenue growth than 28% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet

Liabilities / Assets89th percentile

Assets

Down

$138,789

Down $7,448 (-5.1%) from 2022

Net Assets

$79,273

Up $4,246 (+5.7%) from 2022

Liabilities

Down

$59,516

Down $11,694 (-16%) from 2022

Revenue And Expenses

Liabilities / Revenue97th percentile Net Margin69th percentile

Revenue

Down

$39,404

Down $2,627 (-6.3%) from 2022

Expenses

$35,158

Up $5,520 (+19%) from 2022

Net Income

Down

$4,246

Down $8,147 (-66%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

Highlighted filing

2023

Assets$138,789

Liabilities$59,516

Net Assets$79,273

Open 2023 Filing

Operations Trend

Revenue Growth28th percentile

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

Highlighted filing

2023

Revenue$39,404

Expenses$35,158

Net Income$4,246

Open 2023 Filing

Jump To

Filing Snapshot

Filing Period: Aug 1, 2022 to Jul 31, 2023
Signed: Sep 21, 2023
Return Version: 2022v5.0
Gross Receipts: $39,404

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: 2023-09-21
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: 04/05/23. Amount given: 2,100.”

Form 990-ez, Part I, Line 14

“Description: depreciation. Amount: 3,062. Description: other expenses. Amount: 27,336. Total to form 990-ez, line 14: 30,398.”

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

“Description: miscellaneous. Amount: 35.”

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: 71,210. End of year amount: 59,516.”

Raw XML Appendix119 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/BenefitsPaidToOrForMembersAmt	0	2000
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	7927
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	3541
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	0
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	2100
IRS990EZ/DirectIndirectPltclExpendAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	0
IRS990EZ/ExcessOrDeficitForYearAmt	0	4246
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	625
IRS990EZ/ForeignFinancialAccountInd	0	0
IRS990EZ/ForeignOfficeInd	0	0
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	146237
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	138789
IRS990EZ/GrantsAndSimilarAmountsPaidAmt	0	2100
IRS990EZ/GrossReceiptsAmt	0	39404
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	138010
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	134948
IRS990EZ/MadeLoansToFromOfficersInd	0	0
IRS990EZ/MembershipDuesAmt	0	37304
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	75027
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	79273
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	75027
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	79273
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	30398
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	35
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	71210
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	59516
IRS990EZ/TanningServicesProvidedInd	0	0
IRS990EZ/TotalExpensesAmt	0	35158
IRS990EZ/TotalRevenueAmt	0	39404
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: 04/05/23. AMOUNT GIVEN: 2,100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	DESCRIPTION: DEPRECIATION. AMOUNT: 3,062. DESCRIPTION: OTHER EXPENSES. AMOUNT: 27,336. TOTAL TO FORM 990-EZ, LINE 14: 30,398.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	DESCRIPTION: MISCELLANEOUS. AMOUNT: 35.
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: 71,210. END OF YEAR AMOUNT: 59,516.
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	2023-04-26 12:10:37Z
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	2023-09-21
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/IRSResponsiblePrtyInfoCurrInd	0	0
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	2023-09-21
ReturnHeader/PreparerPersonGrp/SelfEmployedInd	0	X
ReturnHeader/ReturnTs	0	2023-11-01T11:32:51-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	THOMAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	YEO
ReturnHeader/TaxPeriodBeginDt	0	2022-08-01
ReturnHeader/TaxPeriodEndDt	0	2023-07-31
ReturnHeader/TaxYr	0	2022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $138,789
Liabilities: $59,516
Net assets: $79,273
Revenue: $39,404
Expenses: $35,158
Net income: $4,246

	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
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.	$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