NonprofitsLocal Enterprise Assistance Fund Inc

Employment

Local Enterprise Assistance Fund Inc

BOSTON, MA

Total revenue

$5.2M

Total expenses

$4.3M

Net assets

$11.6M

Grants received

$3.3M

25 grants

EIN

042763724

Tax year

2023

Mission

Non-profit community development financial institution providing low cost financing and technical assistance to worker-owned cooperatives and community-owned businesses.

Financials

FY 2023

Revenue

Contributions & grants$3.8M
Program service revenue$1.2M
Investment income$278K
Other revenue
Total revenue$5.2M

Expenses

Grants paid$79K
Salaries & benefits$2.5M
Fundraising$477K
Other expenses$1.7M
Total expenses$4.3M
Total assets$31.1M
Net assets$11.6M

People

15 listed

NameRoleCompensation

GERARDO ESPINOZA DIRECTOR

LEAF EXECUTIVE DIRECTOR

Board

$171K

40 hrs/wk

CHRISTOPHER HUNTER DIRECTOR

LEAF ADVISORY SERVICE DIRECTOR

Board

$135K

40 hrs/wk

MATHEW PIRES

LEAF FINANCIAL ANALYST

Board

$76K

40 hrs/wk

FATIHA AINANE

LEAF SENIOR FINANCIAL ANALYST

Board

$46K

40 hrs/wk

DAVID HAMMER

DIRECTOR

Board

1 hrs/wk

SHELLEY MILLER

DIRECTOR

Board

1 hrs/wk

CHRISTINE CLAMP

DIRECTOR & CHAIRPERSON

Board

2 hrs/wk

ALEXANDER PYLE

DIRECTOR & CLERK

Board

2 hrs/wk

DAMILOLA ODETOLA

DIRECTOR & TREASURER

Board

2 hrs/wk

JOHN SMITH

DIRECTOR

Board

1 hrs/wk

TERRY LEWIS

DIRECTOR

Board

1 hrs/wk

AMINE BENALI DIRECTOR

LEAF MANAGING DIRECTOR

Staff

$161K

40 hrs/wk

JOSE LUIS ROJAS DIRECTOR

LEAF CHIEF LENDING OFFICER

Staff

$149K

32 hrs/wk

CONOR MCFARLAND

LEAF DEVELOPMENT MANAGER - TERMED OCT 2024

Staff

$115K

40 hrs/wk

ALAN SINGER

LEAF SENIOR LOAN OFFICER

Staff

$109K

40 hrs/wk

Independent contractors

THOUGHTBOT INC

CONSULTING & TECHNOLOGY PLATFORM

$241K

Grants received

Showing 25 of 25

FromAmountPurposeYear
$400K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2024
$250K
UNRESTRICTED
2024
$100K
GENERAL OPERATING SUPPORT
2024
$10K
Elevate Small Business program
2024
$598K
Operating Support/Annual Fund
2023
$100K
GENERAL OPERATING SUPPORT
2023
$60K
Economic Development
2023
$50K
EXEMPT PURPOSE
2023
$500K
OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
2022
$308K
Operating Support/Annual Fund
2022
$191K
COMMUNITY WELFARE
2022
$100K
GENERAL SUPPORT
2022
$100K
GENERAL OPERATING SUPPORT
2022
$60K
Economic Development
2022
$100K
GENERAL SUPPORT
2021
$100K
GENERAL SUPPORT
2021
$45K
Economic Development
2021
$10K
General Support
2021
$50K
TO SUPPORT ADMINISTRATIVE COSTS DURING THE KEY STARTUP PHASE OF THE MASSACHUSETTS FOOD TRUST PROGRAM LOAN FUND.
2020
$50K
COVID-19 GRANT
2020
$25K
THE MASSACHUSETTS FOOD TRUST PROGRAM
2020
$10K
Economic Development
2019

Funded by

$3.3M from 14 funders · 25 grants · 2018–2024

Boston Foundation Inc

$1.1M · 6 grants · 2019–2023

Opportunity Finance Network

$550K · 2 grants · 2020–2022

Jpmorgan Chase Foundation

$400K · 1 grant · 2024

The Blackbaud Giving Fund

$300K · 3 grants · 2021–2022

Wagner Foundation

$300K · 3 grants · 2022–2024

The Belle Jar Foundation

$250K · 1 grant · 2024

Trinity Health Corporation

$191K · 1 grant · 2022

Eastern Bank Foundation

$50K · 1 grant · 2023

Details

EIN042763724
NTEE codeJ19
Subsection03
Ruling date2020-06
Formed1982
Employees17
Volunteers0
LOCAL ENTERPRISE ASSISTANCE FUND INC — Mission, Financials & Grants Received | Grantivo