Civic Intelligence

Boffo Inc.

990 • Fiscal year 2020 • EIN 80-0596480

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

85 Kenmare Street No 22New York, NY 10012

(347) 603-6956

Siviq Scores

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

Liabilities / Assets

74th percentile

0.17x

Higher debt load relative to assets than 74% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.07x

Higher debt load relative to revenue than 66% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Net Margin

53rd percentile

7.2%

Higher net margin than 53% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Top Officer Pay

89th percentile

$31,916

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Asset Growth

15th percentile

-27%

Faster asset growth than 15% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

75th percentile

6.2%

Faster revenue growth than 75% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$94,650

Down $35,317 (-27%) from 2019

Net Assets

Down

$78,114

Down $33,714 (-30%) from 2019

Liabilities

Down

$16,536

Down $1,603 (-8.8%) from 2019

Revenue

Up

$236,155

Up $13,844 (+6.2%) from 2019

Expenses

Up

$219,246

Up $9,517 (+4.5%) from 2019

Net Income

Up

$16,909

Up $4,327 (+34%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200K-$400KAssets 2010: $133Liabilities 2010: $34,9722010Assets 2011: $1,826Liabilities 2011: $106,472Net Assets 2011: -$104,6462011Assets 2012: $7,928Liabilities 2012: $157,150Net Assets 2012: -$149,2222012Assets 2013: $6,451Liabilities 2013: $237,855Net Assets 2013: -$231,4042013Assets 2014: $7,259Liabilities 2014: $216,484Net Assets 2014: -$209,2252014Assets 2015: $5,985Liabilities 2015: $86,484Net Assets 2015: -$80,4992015Assets 2016: $2,249Liabilities 2016: $86,484Net Assets 2016: -$84,2352016Assets 2017: $99,001Liabilities 2017: $66,684Net Assets 2017: $32,3172017Assets 2018: $132,330Liabilities 2018: $33,084Net Assets 2018: $99,2462018Assets 2019: $129,967Liabilities 2019: $18,139Net Assets 2019: $111,8282019Assets 2020: $94,650Liabilities 2020: $16,536Net Assets 2020: $78,1142020Assets 2021: $62,480Liabilities 2021: $63,452Net Assets 2021: -$9722021Assets 2022: $136,269Liabilities 2022: $148,875Net Assets 2022: -$12,6062022Assets 2023: $98,789Liabilities 2023: $146,423Net Assets 2023: -$47,6342023Assets 2024: $548,084Liabilities 2024: $59,346Net Assets 2024: $488,7382024

Highlighted filing

2020

Assets$94,650
Liabilities$16,536
Net Assets$78,114

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $71,192Expenses 2010: $106,031Net Income 2010: -$34,8392010Revenue 2011: $130,799Expenses 2011: $200,606Net Income 2011: -$69,8072011Revenue 2012: $48,941Expenses 2012: $93,517Net Income 2012: -$44,5762012Revenue 2013: $97,998Expenses 2013: $180,180Net Income 2013: -$82,1822013Revenue 2014: $185,546Expenses 2014: $163,367Net Income 2014: $22,1792014Revenue 2015: $240,521Expenses 2015: $213,795Net Income 2015: $26,7262015Revenue 2016: $113,962Expenses 2016: $117,698Net Income 2016: -$3,7362016Revenue 2017: $225,133Expenses 2017: $108,581Net Income 2017: $116,5522017Revenue 2018: $268,652Expenses 2018: $201,723Net Income 2018: $66,9292018Revenue 2019: $222,311Expenses 2019: $209,729Net Income 2019: $12,5822019Revenue 2020: $236,155Expenses 2020: $219,246Net Income 2020: $16,9092020Revenue 2021: $330,190Expenses 2021: $409,276Net Income 2021: -$79,0862021Revenue 2022: $566,828Expenses 2022: $570,793Net Income 2022: -$3,9652022Revenue 2023: $651,251Expenses 2023: $686,279Net Income 2023: -$35,0282023Revenue 2024: $1,419,552Expenses 2024: $883,180Net Income 2024: $536,3722024

Highlighted filing

2020

Revenue$236,155
Expenses$219,246
Net Income$16,909
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$236,155
Mission and Program Overview

Mission

Fosters collaborations between artists, designers, communities, theorists, and the media in the exploration of contemporary subject matter that informs and educates the public, through innovative, participatory public arts programming.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$57,024$75,444▲ $18,420
Cash and Non-Interest-Bearing Accounts$72,929$19,206▼ $53,723
Loans From Officers Directors$18,084--
Total Assets$129,967$94,650▼ $35,317
Other Assets Total$14--
Liabilities
Deferred Revenue-$16,481-
Accounts Payable and Accrued Expenses$55$55→ $0
Total Liabilities$18,139$16,536▼ $1,603
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$111,828$78,114▼ $33,714
Total Net Assets Fund Balance$111,828$78,114▼ $33,714
Total Liabilities and Net Assets / Fund Balance$129,967$94,650▼ $35,317
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Faris Al-shathirExecutive DirectorFT$31,916$31,916

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$127,466
Program Service Revenue
$108,689
Investment Income
$0
Other Revenue
$0
All Other Contributions
$127,466
Change in Net Assets
$16,909
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$187,330
Salaries, Compensation, and Employee Benefits$31,916
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$87,648$29,241-$116,889
Current Officers, Directors, Trustees, and Key Employees$22,341$9,575-$31,916
Fees for Services Other$25,185--$25,185
Fees for Services Accounting-$4,400-$4,400
Travel$4,192--$4,192
Office Expenses$778$1,167-$1,945
Advertising$1,113--$1,113
Insurance-$945-$945
Other Expenses$6,953$415-$415
Total Functional Expenses$173,503$45,743$0$219,246
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$18,084--
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
No
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

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

The form 990 has been reviewed by a group of persons authorized to review financial and audit matters prior to filing. The final form 990 (filed with the irs) will be available at the next meeting of the board for inspection. In addition, upon request of any boardmember, a copy will be provided. If there are any material changes, an amended form 990 will be filed.

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

The organization enforces the conflict of interest policy by monitoring known relationships, questionnaires, and noting any changes in disclosed information. Any conflict is reviewed by the board before a decision is made as to whether to approve the transaction.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Boffo Inc
EIN
80-0596480
Phone
3476036956
Address
85 KENMARE STREET NO 22, NEW YORK, NY 10012

Signing Officer

Name
Faris Al-shathir
Title
Executive Director
Phone
3476036956
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Faris Al-shathir
Formed
2010
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
15

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants: program service expenses 12,329. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,329. Artists: program service expenses 12,856. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,856.

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IRS990ScheduleA/PublicSupportCY170Pct00.71500
IRS990ScheduleA/PublicSupportPY170Pct00.66140
IRS990ScheduleA/PublicSupportTotal170Amt0468802
IRS990ScheduleA/SubstantialContributorsTotAmt0186902
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0127466
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0122000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0177412
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0132190
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt096636
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0655704
IRS990ScheduleA/TotalSupportAmt0655704
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0CASH FLOW - PROGRAM FINANCING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt061250
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0FARIS AL-SHATHIR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0EXECUTIVE DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 HAS BEEN REVIEWED BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL AND AUDIT MATTERS PRIOR TO FILING. THE FINAL FORM 990 (FILED WITH THE IRS) WILL BE AVAILABLE AT THE NEXT MEETING OF THE BOARD FOR INSPECTION. IN ADDITION, UPON REQUEST OF ANY BOARDMEMBER, A COPY WILL BE PROVIDED. IF THERE ARE ANY MATERIAL CHANGES, AN AMENDED FORM 990 WILL BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS, QUESTIONNAIRES, AND NOTING ANY CHANGES IN DISCLOSED INFORMATION. ANY CONFLICT IS REVIEWED BY THE BOARD BEFORE A DECISION IS MADE AS TO WHETHER TO APPROVE THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTANTS: PROGRAM SERVICE EXPENSES 12,329. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,329. ARTISTS: PROGRAM SERVICE EXPENSES 12,856. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,856.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0129967
IRS990/TotalAssetsEOYAmt094650
IRS990/TotalAssetsGrp/BOYAmt0129967
IRS990/TotalAssetsGrp/EOYAmt094650
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0127466
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt045743
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0173503
IRS990/TotalFunctionalExpensesGrp/TotalAmt0219246
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018139
IRS990/TotalLiabilitiesEOYAmt016536
IRS990/TotalLiabilitiesGrp/BOYAmt018139
IRS990/TotalLiabilitiesGrp/EOYAmt016536
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0111828
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt078114
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0173503
IRS990/TotalProgramServiceRevenueAmt0108689
IRS990/TotalReportableCompFromOrgAmt031916
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0108689
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0236155
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0129967
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt094650
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04192
IRS990/TravelGrp/TotalAmt04192
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt085 KENMARE STREET NO 22
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010012
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0BOFFO-NY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FARIS AL-SHATHIR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03476036956
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BOFFO INC
ReturnHeader/Filer/BusinessNameControlTxt0BOFF
ReturnHeader/Filer/EIN0800596480
ReturnHeader/Filer/PhoneNum03476036956
ReturnHeader/Filer/USAddress/AddressLine1Txt085 KENMARE STREET NO 22
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010012
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133597814
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKODY SCOT & CO CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0520 EIGHTH AVE SUITE 2200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02129671100
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM SKODY
ReturnHeader/ReturnTs02021-11-15T21:55:15-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FARIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0AL-SHATHIR
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.06$0.49$1.42$0.88$0.54
2023Summary only. Only limited summary data is available for this year.$0.10$0.15$0.05$0.65$0.69$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.15$0.01$0.57$0.57$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.06$0.06$0.00$0.33$0.41$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.09$0.02$0.08$0.24$0.22$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.02$0.11$0.22$0.21$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.03$0.10$0.27$0.20$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.07$0.03$0.23$0.11$0.12
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.09$0.08$0.11$0.12$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.09$0.08$0.24$0.21$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.22$0.21$0.19$0.16$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.01$0.24$0.23$0.10$0.18$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.16$0.15$0.05$0.09$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.11$0.10$0.13$0.20$0.07
2010Summary only. Only limited summary data is available for this year.$0.00$0.03$0.07$0.11$0.03