Civic Intelligence

Building Owners and Managers Association of Chicago

EIN 36-0852810 • 501(c)6 • Chicago, IL

View Organization Page

Profile

To promote the welfare and advance the interests of the office building industry through leadership, advocacy, education, research, information and professional development.

190 S Lasalle St 2500Chicago, IL 60603

www.bomachicago.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.57x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.54x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

21st percentile

-4.8%

Higher net margin than 21% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$360,800

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

20th percentile

-5.9%

Faster asset growth than 20% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-0.2%

Faster revenue growth than 32% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$2,979,046

Down $187,883 (-5.9%) from 2023

Liabilities

Down

$1,712,152

Down $36,545 (-2.1%) from 2023

Net Assets

Down

$1,266,894

Down $151,338 (-11%) from 2023

Operations
Liabilities / Revenue85th percentileNet Margin21st percentile

Revenue

Down

$3,145,379

Down $7,402 (-0.2%) from 2023

Expenses

Up

$3,296,717

Up $80,727 (+2.5%) from 2023

Net Income

Down

-$151,338

Down $88,129 (-139%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $2,764,841Liabilities 2012: $727,227Net Assets 2012: $2,037,6142012Assets 2013: $2,206,725Liabilities 2013: $466,093Net Assets 2013: $1,740,6322013Assets 2014: $2,245,045Liabilities 2014: $635,573Net Assets 2014: $1,609,4722014Assets 2015: $2,199,887Liabilities 2015: $702,023Net Assets 2015: $1,497,8642015Assets 2016: $1,921,710Liabilities 2016: $569,804Net Assets 2016: $1,351,9062016Assets 2017: $1,729,318Liabilities 2017: $364,566Net Assets 2017: $1,364,7522017Assets 2018: $1,749,804Liabilities 2018: $388,937Net Assets 2018: $1,360,8672018Assets 2019: $2,022,731Liabilities 2019: $636,684Net Assets 2019: $1,386,0472019Assets 2020: $1,870,263Liabilities 2020: $718,863Net Assets 2020: $1,151,4002020Assets 2021: $1,459,387Liabilities 2021: $302,463Net Assets 2021: $1,156,9242021Assets 2022: $1,912,331Liabilities 2022: $430,890Net Assets 2022: $1,481,4412022Assets 2023: $3,166,929Liabilities 2023: $1,748,697Net Assets 2023: $1,418,2322023Assets 2024: $2,979,046Liabilities 2024: $1,712,152Net Assets 2024: $1,266,8942024

Highlighted filing

2024

Assets$2,979,046
Liabilities$1,712,152
Net Assets$1,266,894
Open 2024 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $2,662,6962012Revenue 2013: $2,526,367Expenses 2013: $2,823,349Net Income 2013: -$296,9822013Revenue 2014: $2,621,855Expenses 2014: $2,753,015Net Income 2014: -$131,1602014Revenue 2015: $2,647,033Expenses 2015: $2,757,353Net Income 2015: -$110,3202015Revenue 2016: $2,568,773Expenses 2016: $2,716,019Net Income 2016: -$147,2462016Revenue 2017: $2,742,204Expenses 2017: $2,729,358Net Income 2017: $12,8462017Revenue 2018: $2,863,875Expenses 2018: $2,867,760Net Income 2018: -$3,8852018Revenue 2019: $2,948,379Expenses 2019: $2,923,199Net Income 2019: $25,1802019Revenue 2020: $2,567,223Expenses 2020: $2,801,870Net Income 2020: -$234,6472020Revenue 2021: $2,903,504Expenses 2021: $2,897,980Net Income 2021: $5,5242021Revenue 2022: $3,229,018Expenses 2022: $2,904,501Net Income 2022: $324,5172022Revenue 2023: $3,152,781Expenses 2023: $3,215,990Net Income 2023: -$63,2092023Revenue 2024: $3,145,379Expenses 2024: $3,296,717Net Income 2024: -$151,3382024

Highlighted filing

2024

Revenue$3,145,379
Expenses$3,296,717
Net Income-$151,338
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,979,046
Liabilities
$1,712,152
Net assets
$1,266,894
Revenue
$3,145,379
Expenses
$3,296,717
Net income
-$151,338
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.98$1.71$1.27$3.15$3.30$0.15
2023Detailed filing. Detailed filing data is available for this year.$3.17$1.75$1.42$3.15$3.22$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.91$0.43$1.48$3.23$2.90$0.32
2021Detailed filing. Detailed filing data is available for this year.$1.46$0.30$1.16$2.90$2.90$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.87$0.72$1.15$2.57$2.80$0.23
2019Detailed filing. Detailed filing data is available for this year.$2.02$0.64$1.39$2.95$2.92$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.75$0.39$1.36$2.86$2.87$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.73$0.36$1.36$2.74$2.73$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.92$0.57$1.35$2.57$2.72$0.15
2015Detailed filing. Detailed filing data is available for this year.$2.20$0.70$1.50$2.65$2.76$0.11
2014Detailed filing. Detailed filing data is available for this year.$2.25$0.64$1.61$2.62$2.75$0.13
2013Detailed filing. Detailed filing data is available for this year.$2.21$0.47$1.74$2.53$2.82$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$0.73$2.04$2.66
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$3,145,379
Mission and Program Overview

Mission

To promote the welfare and advance the interests of the office building industry through leadership, advocacy, education, research, information and professional development.

To promote the welfare and advance the interests of the office building industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,067,902$1,035,827▼ $32,075
Savings and Temporary Cash Investments$419,334$380,968▼ $38,366
Land, Buildings, and Equipment, Net$4,081$189,281▲ $185,200
Accounts Receivable$174,065$69,741▼ $104,324
Prepaid Expenses and Deferred Charges$161,909$39,703▼ $122,206
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Total Assets$3,166,929$2,979,046▼ $187,883
Other Assets Total$1,339,438$1,263,326▼ $76,112
Liabilities
Other Liabilities$1,339,638$1,387,703▲ $48,065
Deferred Revenue$207,439$165,199▼ $42,240
Accounts Payable and Accrued Expenses$201,620$159,250▼ $42,370
Total Liabilities$1,748,697$1,712,152▼ $36,545
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,185,108$1,214,275▲ $29,167
Net Assets With Donor Restrictions$233,124$52,619▼ $180,505
Total Net Assets Fund Balance$1,418,232$1,266,894▼ $151,338
Total Liabilities and Net Assets / Fund Balance$3,166,929$2,979,046▼ $187,883

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$111,908$6,379$118,287
Equipment$25,227$36,700$61,927
Leasehold Improvements$52,146$3,538$55,684
Other Assets Org$1,263,326--
Other Securities$1,035,827--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Farzin ParangExecutive Director & SecretaryFT$253,215$107,585$360,800
Amy Masters WoodDirector of Government & External AffairsFT$186,200$28,128$214,328
Amy Masters WoodDirector of Government & External Af-$155,200$59,128$214,328
Rob JohnsonDirector of Civic EngagemeFT$144,615$61,854$206,469
Paul JostDirector of Accounting & FinanceFT$124,789$49,706$174,495
Beth HalatDirector of Member ServiceFT$117,200$37,626$154,826
Jaclynne MaddenDirector of EducationFT$124,800$24,240$149,040

Board Members and Trustees

NameTitle
Phillip StaffordDirector/president Through 11/21/24
Kristi RankinVice President
Colleen SchmiegeDirector
David HopwoodDirector
Denyse Pins FranzeseDirector
Derrick JohnsonDirector
Graham GradyDirector
Kate GuercioDirector
Lance KnezDirector
Meg HanleyDirector
Micah LarmieDirector
Patrick CarusoDirector
Stephen SiseDirector
Suzanne HendrickDirector
Tamala BallardDirector
Terri MaurerDirector
Tj BrookoverDirector
Wade RogersDirector
ABBY O'ROURKEDirector (new After 11/21/24)
Chuck WagenerDirector (through 11/21/24)
Vivian OrozcoDirector (through 11/21/24)
Gary MichonDirector (through 7/11/24)
Nancy CapadonaDirector/ Vice Pres. Through 11/21/24
Michael GieseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$355,923
Program Service Revenue
$2,674,375
Investment Income
$100,848
Other Revenue
$14,233
All Other Contributions
$355,923
Change in Net Assets
$-151,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,730,519
Salaries, Compensation, and Employee Benefits$1,566,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$918,232
Current Officers, Directors, Trustees, and Key Employees---$370,585
Conferences and Meetings---$308,785
Fees for Services Other---$289,653
Fees for Services Lobbying---$143,352
Occupancy---$126,147
Other Employee Benefits---$125,130
Fees for Services Legal---$96,866
Payroll Taxes---$84,013
Pension Plan Contributions---$68,238
Office Expenses---$66,382
Information Technology---$60,660
All Other Expenses---$46,249
Other Expenses---$44,238
Insurance---$20,450
Fees for Services Accounting---$20,003
Depreciation Depletion---$15,377
Travel---$8,053
Advertising---$125
Total Functional Expenses$0$0$0$3,296,717
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$197,310
Current Year Nondeductible Lobbying and Political Cost$163,002
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease$1,387,503
Due to Related Party$200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Boma chicago members are buildings. Boma chicago has various classes of membership for the buildings it represents. Only buildings classified as regular members are permitted to vote on association issues. Regular member buildings appoint an individual as the building's representative. This individual shall represent, vote and act for the regular member building in the affairs of boma chicago.”

Form 990, Part VI, Section A, Line 7A

“Regular member buildings vote on the election of officers and directors at the boma chicago annual meeting held each november.”

Form 990, Part VI, Section A, Line 7B

“Regular member buildings are also entitled to vote upon all other resolutions, proposals, and questions or matters submitted for member vote.”

Form 990, Part VI, Section B, Line 11B

“A draft copy of form 990 is reviewed by the executive vice-president or director prior to filing with the irs. In addition, a copy of the form 990 is provided to the entire board.”

Form 990, Part VI, Section B, Line 12C

“Board members are required to sign the conflict of interest policy annually. It directs them to disclose any interests that could give rise to conflicts.”

Form 990, Part VI, Section B, Line 15

“Boma chicago has a policy that covers compensation of the chief employed executive and any officer or key employee. The policy in place requires review and approval by the association's board of directors or compensation committee, but persons with conflicts to the compensation arrangement at issue shall not participate; compensation for the individual shall be reviewed and approved using data compiled by a third party for similar persons in comparable positions at similar organizations; and there shall be contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding all compensation arrangements subject to the policy.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Building Owners and Managers Association
EIN
36-0852810
Phone
3128709600
Address
190 S LASALLE ST 2500, CHICAGO, IL 60603

Signing Officer

Name
Nancy Capadona
Title
President
Phone
3128709600
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Capadona
Formed
1902
Legal Domicile
Il
Voting Board Members
21
Independent Board Members
21
Employees
8
Volunteers
305

Preparer

Firm
Warady & Davis Llp
Address
1717 DEERFIELD RD SUITE 300S, DEERFIELD, IL 60015
Preparer
Christopher Straub
Phone
8472679600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the association may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the association and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The association believes that it has appropriate support for the positions taken on its returns.”

Raw XML AppendixShowing 400 of 705 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.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
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IRS990/Form990PartVIISectionAGrp/PersonNm4DENYSE PINS FRANZESE
IRS990/Form990PartVIISectionAGrp/PersonNm5DERRICK JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm6GARY MICHON
IRS990/Form990PartVIISectionAGrp/PersonNm7GRAHAM GRADY
IRS990/Form990PartVIISectionAGrp/PersonNm8KATE GUERCIO
IRS990/Form990PartVIISectionAGrp/PersonNm9KRISTI RANKIN
IRS990/Form990PartVIISectionAGrp/PersonNm10LANCE KNEZ
IRS990/Form990PartVIISectionAGrp/PersonNm11MEG HANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm12MICAH LARMIE
IRS990/Form990PartVIISectionAGrp/PersonNm13MICHAEL GIESE
IRS990/Form990PartVIISectionAGrp/PersonNm14NANCY CAPADONA
IRS990/Form990PartVIISectionAGrp/PersonNm15PATRICK CARUSO
IRS990/Form990PartVIISectionAGrp/PersonNm16PHILLIP STAFFORD
IRS990/Form990PartVIISectionAGrp/PersonNm17STEPHEN SISE
IRS990/Form990PartVIISectionAGrp/PersonNm18SUZANNE HENDRICK
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IRS990/Form990PartVIISectionAGrp/PersonNm20TAMALA BALLARD
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IRS990/Form990PartVIISectionAGrp/PersonNm23WADE ROGERS
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IRS990/Form990PartVIISectionAGrp/PersonNm25AMY MASTERS WOOD
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IRS990/Form990PartVIISectionAGrp/PersonNm27JACLYNNE MADDEN
IRS990/Form990PartVIISectionAGrp/PersonNm28PAUL JOST
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR (THROUGH 11/21/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR (THROUGH 7/11/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR/ VICE PRES. THROUGH 11/21/24
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR/PRESIDENT THROUGH 11/21/24
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR (THROUGH 11/21/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXECUTIVE DIRECTOR & SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR OF GOVERNMENT & EXTERNAL AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR OF MEMBER SERVICE
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR OF EDUCATION
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR OF ACCOUNTING & FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR OF CIVIC ENGAGEME
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