Social Science
Black Economic Council Of Massachusetts Inc
BOSTON, MA
Total revenue
$5.8M
Total expenses
$5.2M
Net assets
$2.4M
Grants received
$4.1M
66 grants
EIN
810687250
Tax year
2024
Mission
To advance the economic well-being of black businesses, organizations & residents in ma.
Programs
1 program
Through one of their wholly-owned subsidiaries, bci, the organization makes loans to members of the community they serve. Bci has an investment committee that reviews the applications and due diligence packets of each entity that applies for a loan, and that the committee consists of six members with extensive experience. In 2024, the organization issued six loans totaling $540,412 and recorded interest income from these loans of $6,895.
Financials
FY 2024
Revenue
Expenses
People
18 listed
NICOLE OBI
PRESIDENT AND CEO
$281K
40 hrs/wk
GARY EVEE
DIRECTOR (THRU DECEMBER 2024)
—
1 hrs/wk
HERBY DUVERNE
BOARD CHAIR
—
1 hrs/wk
MICHELE COURTON BROWN
DIRECTOR
—
1 hrs/wk
KEITH CHANEY
DIRECTOR (THRU JULY 2024)
—
1 hrs/wk
CAROLE MONTGOMERY
DIRECTOR (THRU MARCH 2024)
—
1 hrs/wk
HILINA D AJAKAIYE
DIRECTOR
—
1 hrs/wk
DAREN BASCOME
DIRECTOR
—
1 hrs/wk
DANA MENDENHALL
DIRECTOR
—
1 hrs/wk
TOM SANDS
DIRECTOR
—
1 hrs/wk
CHIDERAH OKOYE
CLERK
—
1 hrs/wk
CHARRAN FISHER
DIRECTOR
—
1 hrs/wk
LAMONT CLEMONS
TREASURER
—
1 hrs/wk
DALIDA ROCHA
DIRECTOR (THRU JULY 2024)
—
1 hrs/wk
TRACYE WHITFIELD
DIRECTOR OF CEE PROGRAM
$136K
40 hrs/wk
XAVIER ANDREWS
CHIEF OF COMMUNICATIONS & MARKETING
$132K
40 hrs/wk
KRYSTAL CUMMINGS
CHIEF OF PEOPLE AND CULTURE
$123K
40 hrs/wk
MACKENSON CHARLES
CHIEF OF MEMBERSHIP PROGRAMS
$117K
40 hrs/wk
Independent contractors
ROSEMARK PRODUCTION LLC
EVENT EXPENSE, MBE
Grants received
Showing 66 of 66
Funded by
$4.1M from 33 funders · 66 grants · 2017–2024
$1.0M · 6 grants · 2018–2023
$739K · 9 grants · 2017–2023
$500K · 2 grants · 2022–2023
$425K · 2 grants · 2022–2024
$290K · 3 grants · 2022–2023
$108K · 1 grant · 2024
$105K · 2 grants · 2020–2023
$100K · 2 grants · 2022–2023