Civic Intelligence

Boomerang Youth Inc

EIN 47-4660452 • 501(c)3 • Chapel Hill, NC

Profile

Support orange county nc youth in cultivating skills during out of school time

825A North Estes DriveChapel Hill, NC 27514

https/BOOMERANGYOUTH.ORG

Siviq Scores

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

Liabilities / Assets

81st percentile

0.16x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.03x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

21st percentile

-24%

Higher net margin than 21% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

97th percentile

$82,150

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 23.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

19th percentile

-52%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

2.5%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$74,536

Down $82,183 (-52%) from 2023

Liabilities

Up

$11,642

Up $5,702 (+96%) from 2023

Net Assets

Down

$62,894

Down $87,885 (-58%) from 2023

Revenue

Up

$356,891

Up $8,798 (+2.5%) from 2023

Expenses

Down

$442,210

Down $2,723 (-0.6%) from 2023

Net Income

Up

-$85,319

Up $11,521 (+12%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2017: $119,522Liabilities 2017: $0Net Assets 2017: $119,5222017Assets 2018: $94,482Liabilities 2018: $8,355Net Assets 2018: $86,1272018Assets 2019: $51,296Liabilities 2019: $8,355Net Assets 2019: $42,9412019Assets 2020: $50,856Liabilities 2020: $8,355Net Assets 2020: $42,5012020Assets 2021: $200,031Liabilities 2021: $8,355Net Assets 2021: $191,6762021Assets 2022: $277,168Liabilities 2022: $10,479Net Assets 2022: $266,6892022Assets 2023: $156,719Liabilities 2023: $5,940Net Assets 2023: $150,7792023Assets 2024: $74,536Liabilities 2024: $11,642Net Assets 2024: $62,8942024

Highlighted filing

2024

Assets$74,536
Liabilities$11,642
Net Assets$62,894

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $373,828Expenses 2017: $254,306Net Income 2017: $119,5222017Revenue 2018: $255,886Expenses 2018: $307,570Net Income 2018: -$51,6842018Revenue 2019: $267,371Expenses 2019: $310,557Net Income 2019: -$43,1862019Revenue 2020: $323,431Expenses 2020: $323,871Net Income 2020: -$4402020Revenue 2021: $386,541Expenses 2021: $237,366Net Income 2021: $149,1752021Revenue 2022: $366,011Expenses 2022: $290,998Net Income 2022: $75,0132022Revenue 2023: $348,093Expenses 2023: $444,933Net Income 2023: -$96,8402023Revenue 2024: $356,891Expenses 2024: $442,210Net Income 2024: -$85,3192024

Highlighted filing

2024

Revenue$356,891
Expenses$442,210
Net Income-$85,319

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jul 22, 2025
Return Version
2023v6.0
Gross Receipts
$356,891
Mission and Program Overview

Mission

Boomerang's mission is to support orange county youth in cultivating skills for personal success, academic growth, and community engagement in a supportive environment during out of school time. Our mission is to inspire youth to bounce back from challenges and move towards positive change. We provide youth with the support that they need in times of crisis and beyond, to manage their challenges, cope with adversity and become resilient, independent young people. Our vision for our community is one where all youth view themselves - and others view them - as whole and worthy community members.

Support orange county nc youth in cultivating skills during out of school time

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$144,138$51,836▼ $92,302
Land, Buildings, and Equipment, Net$1,292$13,911▲ $12,619
Pledges and Grants Receivable$8,589$8,589→ $0
Accounts Receivable$2,500--
Savings and Temporary Cash Investments$200$200→ $0
Total Assets$156,719$74,536▼ $82,183
Liabilities
Unsecured Notes Loans Payable-$8,461-
Accounts Payable and Accrued Expenses$5,940$3,181▼ $2,759
Total Liabilities$5,940$11,642▲ $5,702
Net Assets / Fund Balance
Total Net Assets Fund Balance$150,779$62,894▼ $87,885
Total Liabilities and Net Assets / Fund Balance$156,719$74,536▼ $82,183

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,911$11,482$25,393
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tova HairstonExecutive DirectorFT$82,150$82,150

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$356,834
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$57
All Other Contributions
$162,367
Change in Net Assets
$-85,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$308,867
Other Expenses$132,815
Total Fundraising Expense$24,987
Professional Fundraising Fees$528
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$192,554--$192,554
Current Officers, Directors, Trustees, and Key Employees$24,645$41,075$16,430$82,150
Occupancy$47,211$8,852$2,951$59,014
Payroll Taxes$26,547$4,978$1,659$33,184
Fees for Services Other$18,408$3,452$1,150$23,010
Office Expenses$10,734$2,013$671$13,418
Information Technology$7,840$1,470$490$9,800
Insurance$6,414$1,203$401$8,018
Travel$2,410$452$150$3,994
Fees for Services Accounting$5,809$1,089$363$3,636
Conferences and Meetings$2,360$590-$2,950
Advertising$2,284--$2,284
Other Employee Benefits$783$147$49$979
Fees for Services Professional Fundraising--$528$528
Interest$407$76$25$509
Other Expenses$333$62$21$416
Total Functional Expenses$354,014$65,851$24,987$442,210
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$528
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

01. Member Election for Additional Members (part VI, Line 7A)

New directors shall be appointed by a two-thirds (2/3) vote of directors present at a duly constituted meeting of the board of directors.

02. Form 990 Governing Body Review (part VI, Line 11)

The treasurer and executive comittee review the 990 prior to filing. A copy is provided to all directors.

03. Conflict of Interest Policy Compliance (part VI, Line 12C)

Periodic reviews are conducted which, at a minimum, include whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining and whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in excess benefit transaction. If outside experts are used to conduct a review, their use shall not relieve the board of its responsibility for ensuring periodic reviews are conducted.

04. Ceo, Executive Director, Top Management Comp (part VI, Line 15A)

The compensation policy requires that all compensation paid by the organization is reasonable based upon a review of comparability information. The board of directors or authorized committee thereof reviews and approves compensation which is promptly recorded in the minutes of its meetings in detail. Persons with a conflict of interest with respect to the compensation arrangement at issue may not be involved. Officers are not compensated.

05. Governing Documents, Etc., Available to Public (part VI, Line 19)

The organization's name and address of the registered office/agent are available to the public on the north carolina secretary of state website: http://www.secretary.state.nc.us. The mission is posted on the boomerang webpage. The organization also makes its financial statements, governing documents and conflict of interest policy available to the general pubic upon request.

Filing and Contact Details

Filer

Filer Name
Boomerang Youth Inc
EIN
47-4660452
Phone
9199682146
Address
825A NORTH ESTES DRIVE, CHAPEL HILL, NC 27514

Signing Officer

Name
Tova Hairston
Title
Executive Director
Phone
9199682146
Signed
2025-07-22
Discuss with paid preparer
Yes

Organization Details

Formed
2015
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
19

Preparer

Firm
H and R Block
Address
5322 NC HWY 55, DURHAM, NC 27713
Preparer
Russell Cornell
Phone
8004725625
Supplemental Narrative

Additional Explanations

06. GENERAL EXPLANATION ATTACHMENT PART 1, LINE 1:

Part 1, line 1: to support orange county, nc youth in cultivating skills during out of school time.

PART I, LINE 1:

To support orange county, nc youth in cultivating skills during out of school time.

PART III, LINE 1:

Boomerang's mission is to support orange county youth in cultivating skills for personal success, academic growth, and community engagement in a supportive envirnment during out od school time. Our mission is to inspire youth to bounce back from challenges and move towards positive change. We provide youth with the support that they need in times of crisis and beyond, to manage their challenges, cope with adversity and become resilient, independent young people. Our vision for our community is one where all youth view themselves - and others view them - as whole and worthy community members.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEW DIRECTORS SHALL BE APPOINTED BY A TWO-THIRDS (2/3) VOTE OF DIRECTORS PRESENT AT A DULY CONSTITUTED MEETING OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER AND EXECUTIVE COMITTEE REVIEW THE 990 PRIOR TO FILING. A COPY IS PROVIDED TO ALL DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PERIODIC REVIEWS ARE CONDUCTED WHICH, AT A MINIMUM, INCLUDE WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING AND WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN EXCESS BENEFIT TRANSACTION. IF OUTSIDE EXPERTS ARE USED TO CONDUCT A REVIEW, THEIR USE SHALL NOT RELIEVE THE BOARD OF ITS RESPONSIBILITY FOR ENSURING PERIODIC REVIEWS ARE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION POLICY REQUIRES THAT ALL COMPENSATION PAID BY THE ORGANIZATION IS REASONABLE BASED UPON A REVIEW OF COMPARABILITY INFORMATION. THE BOARD OF DIRECTORS OR AUTHORIZED COMMITTEE THEREOF REVIEWS AND APPROVES COMPENSATION WHICH IS PROMPTLY RECORDED IN THE MINUTES OF ITS MEETINGS IN DETAIL. PERSONS WITH A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE MAY NOT BE INVOLVED. OFFICERS ARE NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S NAME AND ADDRESS OF THE REGISTERED OFFICE/AGENT ARE AVAILABLE TO THE PUBLIC ON THE NORTH CAROLINA SECRETARY OF STATE WEBSITE: HTTP://WWW.SECRETARY.STATE.NC.US. THE MISSION IS POSTED ON THE BOOMERANG WEBPAGE. THE ORGANIZATION ALSO MAKES ITS FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE GENERAL PUBIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PART 1, LINE 1: TO SUPPORT ORANGE COUNTY, NC YOUTH IN CULTIVATING SKILLS DURING OUT OF SCHOOL TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TO SUPPORT ORANGE COUNTY, NC YOUTH IN CULTIVATING SKILLS DURING OUT OF SCHOOL TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOOMERANG'S MISSION IS TO SUPPORT ORANGE COUNTY YOUTH IN CULTIVATING SKILLS FOR PERSONAL SUCCESS, ACADEMIC GROWTH, AND COMMUNITY ENGAGEMENT IN A SUPPORTIVE ENVIRNMENT DURING OUT OD SCHOOL TIME. OUR MISSION IS TO INSPIRE YOUTH TO BOUNCE BACK FROM CHALLENGES AND MOVE TOWARDS POSITIVE CHANGE. WE PROVIDE YOUTH WITH THE SUPPORT THAT THEY NEED IN TIMES OF CRISIS AND BEYOND, TO MANAGE THEIR CHALLENGES, COPE WITH ADVERSITY AND BECOME RESILIENT, INDEPENDENT YOUNG PEOPLE. OUR VISION FOR OUR COMMUNITY IS ONE WHERE ALL YOUTH VIEW THEMSELVES - AND OTHERS VIEW THEM - AS WHOLE AND WORTHY COMMUNITY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc001. MEMBER ELECTION FOR ADDITIONAL MEMBERS (PART VI, LINE 7A)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc102. FORM 990 GOVERNING BODY REVIEW (PART VI, LINE 11)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc203. CONFLICT OF INTEREST POLICY COMPLIANCE (PART VI, LINE 12C)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc304. CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT COMP (PART VI, LINE 15A)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc405. GOVERNING DOCUMENTS, ETC., AVAILABLE TO PUBLIC (PART VI, LINE 19)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc506. GENERAL EXPLANATION ATTACHMENT PART 1, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART I, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART III, LINE 1:
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0TOVA HAIRSTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
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