NonprofitsBoston Impact Initiative Fund

Community Improvement & Capacity Building

Boston Impact Initiative Fund

JAMAICA PLAIN, MA

Total revenue

$5.4M

Total expenses

$2.8M

Net assets

$5.1M

Grants received

$7.2M

59 grants

EIN

821543658

Tax year

2024

Mission

Form 990 - organization's mission or most significant activitiesboston impact initiative (bii) is a nonprofit impact investment fund and certified community development financial institution (cdfi). Bii provides small businesses, cooperatives, community-controlled real estate projects, and impact fund managers with fair and flexible capital, expert advising, and trusted networks to build community ownership, shared wealth, and economic power, particularly in communities of color in massachusetts and new england.

Programs

2 programs

See schedule o

Expenses: $345K

N/A

Financials

FY 2024

Revenue

Contributions & grants$4.5M
Program service revenue$426K
Investment income$404K
Other revenue$72K
Total revenue$5.4M

Expenses

Grants paid$3K
Salaries & benefits$1.4M
Fundraising$198K
Other expenses$1.4M
Total expenses$2.8M
Total assets$23.4M
Net assets$5.1M

People

10 listed

NameRoleCompensation

BETTY FRANCISCO

CEO

Board

$222K

40 hrs/wk

ROSE FELIX CRATSLEY

SECRETARY

Board

1 hrs/wk

NIA EVANS

DIRECTOR

Board

1 hrs/wk

JUAN LEYTON

BOARD CHAIR

Board

3 hrs/wk

GUILLERMO QUINTEROS

DIRECTOR

Board

1 hrs/wk

LISA OWENS

VICE CHAIR

Board

1 hrs/wk

REBECCA REGAN

TREASURER

Board

3 hrs/wk

HENRY NOEL

INVESTMENT DIRECTOR

Staff

$144K

40 hrs/wk

ALIANA PINEIRO

IMPACT DIRECTOR

Staff

$139K

40 hrs/wk

KAFILAT LAWAL

FINANCIAL CONTROLLER

Staff

$116K

40 hrs/wk

Independent contractors

ECRATCHIT INC

ACCOUNTING

$166K

Grants received

Showing 59 of 59

FromAmountPurposeYear
$170K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2024
$125K
TECHNOLOGY & EQUIPMENT
2024
$50K
AMBITIOUS PROGRAM
2024
$50K
PROJECT SUPPORT FOR FIELD BUILDING INITIATIVES
2024
$50K
MEDICAL / PUBLIC SERVICES
2024
$15K
FINANCIAL CAPABILITY
2024
$5K
General Operating Support
2024
$5K
General & Unrestricted
2024
$200K
TECHNOLOGY & EQUIPMENT
2023
$75K
Growing the Solidarity Finance Movement to Strengthen the Solidarity Economy in Massachusetts
2023
$70K
For grant recipient's exempt purposes
2023
$50K
PROJECT SUPPORT FOR FIELD BUILDING INITIATIVES
2023
$50K
MEDICAL / PUBLIC SERVICES
2023
$50K
PROJECT SUPPORT FOR FIELD BUILDING INITIATIVES
2023
$25K
GENERAL SUPPORT
2023
$25K
ECONOMIC SECURITY
2023
$20K
GENERAL PURPOSES OF THE ORGANIZATION
2023
$13K
TRANSFORM IMPACT INVESTING FIELD
2023
$564K
For grant recipient's exempt purposes
2022
$200K
General Support
2022
$100K
City Life/Vida Urbanas Participation in BIIs Fund-Building Cohort and general support
2022
$55K
Economic Development
2022
$50K
PROJECT SUPPORT FOR FIELD BUILDING INITIATIVES
2022
$25K
WOMEN'S PWER GAP
2022
$20K
GENERAL PURPOSES OF THE ORGANIZATION
2022
$14K
Operating Support/Annual Fund
2022
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$220K
General Support
2021
$31K
For grant recipient's exempt purposes
2021
$31K
For grant recipient's exempt purposes
2021
$24K
Operating Support/Annual Fund
2021
$5K
UNRESTRICTED
2021
$3K
Economic Development
2021
$1.9M
FOR THE PEOPLE'S GUARANTEE POOL AND GENERAL OPERATING SUPPORT
2020
$429K
BII-SEATTLE - DENKYEM SPC PARTICIPATION IN THE FUND BUILDING COHORT
2020
$220K
General Support
2020
$125K
Grant for business support orgs
2020
$100K
Loan grantee fund and general support
2020
$63K
For grant recipient's exempt purposes
2020
$50K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$50K
Chattanooga participation in BII's 2020-2021 racial equity fund building cohort
2020
$15K
GENERAL PURPOSES OF THE ORGANIZATION
2020
$10K
General operating support
2020
$5K
General operating support
2020
$153K
For grant recipient's exempt purposes
2019
$150K
General Support
2019
$50K
General support
2019
$10K
Emergency Support
2019
$750
Operating Support/Annual Fund
2019
$65K
For grant recipient's exempt purposes
2018

Funded by

$7.2M from 27 funders · 59 grants · 2017–2024

Rsf Social Finance Inc

$1.9M · 1 grant · 2020

Fidelity Investments Charitable Gift Fund

$977K · 7 grants · 2018–2023

Surdna Foundation Inc

$790K · 4 grants · 2019–2022

Impactassetsinc

$429K · 1 grant · 2020

Fidelity Foundation

$325K · 2 grants · 2023–2024

The Hyams Foundation Inc

$275K · 3 grants · 2020–2023

Center for Cultural Innovation

$255K · 3 grants · 2019–2024

Details

EIN821543658
NTEE codeS11
Subsection03
Ruling date2017-08
Formed2017
Employees14
Volunteers14
BOSTON IMPACT INITIATIVE FUND — Mission, Financials & Grants Received | Grantivo