Building Owner And Managers Association South Bay Incorporated
- Assets
- $483.7k
- Revenue
- $360.2k
- Investments
- $0.0
- Employees
- 2
- Location
- San Jose, CA
- Founding
- 05/1985
- Data as of
- 12/2020
- EIN
- 77-0002091
Organization Overview
Building Owner And Managers Association South Bay Incorporated, operating under the name Boma Silicon Valley, is located in San Jose, CA. The organization was established in 1985. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. As of 12/2020, Boma Silicon Valley employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boma Silicon Valley is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2020, Boma Silicon Valley generated $360.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $436.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ASSOCIATION FOR THOSE ENGAGED IN THE OWNERSHIP AND OPERATION OF OFFICE BUILDINGS AND OTHER COMMERCIAL REAL ESTATE PROPERTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMERCIAL TRADE ASSOCIATION ORGANIZED TO PROVIDE SERVICES TO THOSE EMPLOYED IN THE COMMERCIAL REAL ESTATE INDUSTRY, DEFINED AS "PRINCIPAL" MEMBERS: BUILDING OWNERS, PROPERTY MANAGERS AND/OR FACILITY MANAGERS, BUILDING ENGINEERS AND LEASING AGENTS. PROVIDE PROFESSIONAL AND EDUCATIONAL OPPORTUNITIES SUCH AS DESIGNATION LEVEL (RPA, FMA) AND PROFESSIONAL PRACTICE EDUCATIONAL CLASSES, WORKSHOPS AND SEMINARS AND DISSEMINATE INFORMATION. WE ALSO ACCEPT, "ASSOCIATE" MEMBERS, THOSE WHO REPRESENT COMPANIES ENGAGED IN PROVIDING SERVICES AND/OR PRODUCTS TO THE "PRINCIPAL" MEMBER CATEGORY. AWARD THE TOBY AND EMERALD AWARDS FOR BEST PRACTICES IN COMMERCIAL REAL ESTATE MANAGEMENT AT THE ANNUAL COMMERCIAL REAL ESTATE AWARDS DINNER. PUBLISH AN ONLINE MONTHLY NEWSLETTER AND OFFER MONTHLY NETWORKING LETTER, AND EDUCATIONAL CLASSES AND WORKSHOPS THROUGHOUT THE YEAR WITH A MAJOR SPEAKER OR PANEL ADDRESSING SUBJECT MATTER PERTINANT TO THE COMMERICIAL REAL ESTATE INDUSTRY. PARTICIPATE IN COMMUNITY ACTIVITIES. CONTINUING ACTIVITIES CAN BE VIEWED AT OUR WEBSITE: WWW.BOMA-SV.ORG.
COMMERCIAL TRADE ASSOCIATION ORGANIZED TO PROVIDE SERVICES TO THOSE EMPLOYED IN THE COMMERCIAL REAL ESTATE INDUSTRY, DEFINED AS "PRINCIPAL" MEMBERS: BUILDING OWNERS, PROPERTY MANAGERS AND/OR FACILITY MANAGERS, BUILDING ENGINEERS AND LEASING AGENTS. PROVIDE PROFESSIONAL AND EDUCATIONAL OPPORTUNITIES SUCH AS DESIGNATION LEVEL (RPA, FMA) AND PROFESSIONAL PRACTICE EDUCATIONAL CLASSES, WORKSHOPS AND SEMINARS AND DISSEMINATE INFORMATION. WE ALSO ACCEPT, "ASSOCIATE" MEMBERS, THOSE WHO REPRESENT COMPANIES ENGAGED IN PROVIDING SERVICES AND/OR PRODUCTS TO THE "PRINCIPAL" MEMBER CATEGORY. AWARD THE TOBY AND EMERALD AWARDS FOR BEST PRACTICES IN COMMERCIAL REAL ESTATE MANAGEMENT AT THE ANNUAL COMMERCIAL REAL ESTATE AWARDS DINNER. PUBLISH AN ONLINE MONTHLY NEWSLETTER AND OFFER MONTHLY NETWORKING LETTER, AND EDUCATIONAL CLASSES AND WORKSHOPS THROUGHOUT THE YEAR WITH A MAJOR SPEAKER OR PANEL ADDRESSING SUBJECT MATTER PERTINANT TO THE COMMERICIAL REAL ESTATE INDUSTRY. PARTICIPATE IN COMMUNITY ACTIVITIES. CONTINUING ACTIVITIES CAN BE VIEWED AT OUR WEBSITE: WWW.BOMA-SV.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Peralta Executive Di | Officer | 40 | $138,141 |
Latoya Ross Vice Preside | OfficerTrustee | 1 | $0 |
Noreen Castillo President | OfficerTrustee | 2 | $0 |
Brian Chavez Secretary | OfficerTrustee | 1 | $0 |
Tracy Jeffrey Treasurer | OfficerTrustee | 1 | $0 |
Tiffany Lauchlan Past Preside | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $267,450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,450 |
| Total Program Service Revenue | $81,425 |
| Investment income | $2,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$855 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $360,230 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $138,141 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,108 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,191 |
| Payroll taxes | $15,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,748 |
| Advertising and promotion | $1,325 |
| Office expenses | $10,530 |
| Information technology | $4,090 |
| Royalties | $0 |
| Occupancy | $15,022 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,415 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,181 |
| All other expenses | $6,224 |
| Total functional expenses | $436,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,814 |
| Savings and temporary cash investments | $203,718 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,073 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $483,748 |
| Accounts payable and accrued expenses | $6,486 |
| Grants payable | $0 |
| Deferred revenue | $265,870 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $272,356 |
| Net assets without donor restrictions | $211,392 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $483,748 |
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