Boffo Inc in New York, New York (NY)

Organization representatives - add corrected or new information about Boffo Inc »

Non-representatives - add comments about Boffo Inc»

Boffo Inc
Employer Identification Number (EIN)800596480
Name of OrganizationBoffo Inc
In Care of NameFaris Al-Shathir
Address85 Kenmare St Apt 22, New York, NY 10012-4516
SubsectionEducational Organization
Ruling Date04/2011
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1 to $9,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$6,451
Amount of Income$156,939
Form 990 Revenue Amount$97,998
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Visual Arts Organizations


Non-representatives - add comments:


CAPTCHA

Your IP address 18.97.9.173 will be logged.

Amount of income in 2013: $156,939 (it was $48,941 in 2012)
Boffo Inc: 

 $156,939
Other organizations performing similar types of work: 

 $50,352

Assets in 2013: $6,451 (it was $7,928 in 2012)
Boffo Inc: 

 $6,451
Other organizations performing similar types of work: 

 $28,414

Expenses in 2013: $180,180
Boffo Inc: 

 $180,180
Other organizations performing similar types of work: 

 $39,961

Income to expenses ratio in 2013: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 0.8

Grants share in income in 2013: 60.5%
This organization: 

 60.5%
Other organizations performing similar types of work: 

 100.0%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2010201120122013
Total revenue$71,192$130,799$48,941$97,998
Contributions, gifts, grants, and similar amounts received$71,192$17,990$20,050$59,309
Program service revenue including government fees and contracts$0$130,000$28,891$3,500
Membership dues and assessments$0$0$0$0
Investment income$0$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0$0
Net income/loss from gaming and fundraising events$0$-17,191$0$3,102
Gross income from gaming$0$0$0$0
Gross income from fundraising events$0$48,234$0$35,266
Less: direct expenses from gaming and fundraising events$0$65,425$0$32,164
Gross profit/loss from sales of inventory$0$0$0$32,087
Gross sales of inventory, less returns and allowances$0$0$0$58,864
Less: cost of goods sold$0$0$0$26,777
Other revenue$0$0$0$0
Total expenses$106,031$200,606$93,517$180,180
Total net assets$-34,839$-104,646$-149,222$-231,404
Excess/Deficit for the year$-34,839$-69,807$-44,576$-82,182
Net assets or fund balances at beginning of year$0$-34,839$-104,646$-149,222
Other changes in net assets or fund balances$0$0$0$0
Net assets or fund balances at end of year$-104,646$-149,222$-231,404
Balance Sheets
2010201120122013
Total assets$133$1,826$7,928$6,451
Total liabilities$34,972$106,472$157,150$237,855
Net assets or fund balances$-34,839$-104,646$-149,222$-231,404
Other Information
2010201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNoYes
Were any significant changes made to the organizing or governing documents?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNo
Amount of political expenditures, direct or indirect$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?YesYesYes
Total amount involved$61,250$128,250$212,455
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities$0$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$168,541
Subtotal Support$168,541
Gifts, grants, contributions, and membership fees received$168,541
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$168,541
Public Support$168,541
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$221,255
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Boffo Inc to others? (optional)
  
Add photo of Boffo Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Stephen Hahn Foundation, Hahn Stephen R Ttee450 7th Ave Ste 2701, New York, NY 10123-2701NY1991-08$1,028,615
2The Laundromat Project275 Macdonough Street, Brooklyn, NY 11233NY2010-02$492,718
3Venetian Heritage Inc2nd Flr, New York, NY 10022NY1999-03$405,813
4Modern Quilt Guild IncPo 1031, Getsville, NY 14068NY2014-08$303,484
5Salem Art Works IncPO BOX 512, Salem, NY 12865-0512NY2007-12$264,233
6Boffo Inc85 Kenmare St Apt 22, New York, NY 10012-4516NY2011-04$156,939
7Brooklyn Film Society IncPO BOX 110521, Brooklyn, NY 11211-0521NY2010-11$128,845
8Center For Initiatives In Art & Culture Inc333 East 57th Street No 13b, New York, NY 10022NY2008-11$113,791
9More Art Inc71 Nassau St, New York, NY 10038-3716NY2009-03$94,947
10Arts Horizons Leroy Neiman Art Center Inc2785 Frederick Douglass Boulevard, New York, NY 10039-3152NY2014-09$93,849
11Eye & I Inc49 Crown Street 6c, Brooklyn, NY 11225NY2003-07$77,400
12Cherry Valley Art Works IncPo Box 92, Cherry Valley, NY 13320NY2006-01$50,990
13Harrison Foundation For Ecology And The Arts600 Third Ave, New York, NY 10016-1901NY2011-05$43,459
14Human Future Dance Corps Inc140-42 Second Avenue, New York, NY 10003NY2010-04$41,279
15Thomas Moran Trust IncPO BOX 1234, East Hampton, NY 11937-0793NY2007-05$40,798
16Sonnabend Collection FoundationC/O Goldglit Co Llp 499 7th Avenue, New York, NY 10018NY2013-12$40,000
17Society Of American Registered Architects Education Fund Inc6167 77th St, Middle Vlg, NY 11379-1331NY2007-04$38,220
18Leon Polk Smith Foundation Inc275 Madison Ave Ste 1200, New York, NY 10016-1119NY2012-09$28,878
19The American Associates Of The National Galleries Of Scotland Inc120 E End Ave 4a, New York, NY 10028-7552NY2002-03$25,002
20Theater In The Woods Film Conservatory Inc2 Helena Rd, Staten Island, NY 10304-1353NY2011-09$18,225
Number of organizations performing similar types of work
Alaska6
Alabama10
Arkansas11
Arizona25
California176
Colorado45
Connecticut18
District of Columbia12
Delaware4
Florida104
Georgia38
Hawaii10
Iowa17
Idaho11
Illinois62
Indiana31
Kansas7
Kentucky19
Louisiana13
Massachusetts42
Maryland24
Maine12
Michigan45
Minnesota19
Missouri26
Mississippi9
Montana11
North Carolina38
North Dakota4
Nebraska8
New Hampshire3
New Jersey34
New Mexico25
Nevada11
New York155
Ohio45
Oklahoma10
Oregon36
Pennsylvania51
Rhode Island4
South Carolina26
South Dakota3
Tennessee20
Texas100
Utah12
Virginia49
Vermont11
Washington44
Wisconsin21
West Virginia6
Wyoming3
International2
Total1,528

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Boffo Inc and has no official or unofficial affiliation with Boffo Inc