BOSTON IMPACT INITIATIVE FUND: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- BOSTON IMPACT INITIATIVE FUND (EIN 82-1543658)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-13
- IRS object ID
- 202423189349300422
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-13T08:45:21-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 833019782 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STONE & COMPANY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 57 BEDFORD ST STE 225 | AddressLine1Txt |
| City | LEXINGTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 024204443 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 821543658 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOSTON IMPACT INITIATIVE FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BOST | BusinessNameControlTxt |
| Phone | 6177029132 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 300443 | AddressLine1Txt |
| City | JAMAICA PLAIN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02130 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BETTY FRANCISCO | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 6177029132 | PhoneNum |
| Signature | 2024-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DIANE WEST CPA | PreparerPersonNm |
| PTIN | P01061849 | PTIN |
| Phone | 7818636300 | PhoneNum |
| Preparation | 2024-11-04 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BETTY FRANCISCO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2300 WASHINGTON STREET 2ND FLOOR | AddressLine1Txt |
| City | ROXBURY | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02119 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,948,405 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BOSTONIMPACT.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2017 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIESBOSTON IMPACT INITIATIVE FUND'S MISSION IS TO HELP BUILD A FUTURE WHERE ENTREPRENEURS OF COLOR AND THEIR COMMUNITIES HAVE THE FINANCIAL, SOCIAL AND POLITICAL POWER TO CREATE A SUSTAINABLE, INCLUSIVE AND EQUITABLE ECONOMY FOR GENERATIONS TO COME. TO DO THIS, BII INVESTS INTEGRATED CAPITAL IN SOCIAL ENTERPRISES AND COMMUNITY-CONTROLLED REAL ESTATE TO INCREASE WEALTH AND ASSET-BUILDING OPPORTUNITIES FOR COMMUNITIES OF COLOR IN MASSACHUSETTS AND NEW ENGLAND. BII IS ALSO TRANSFORMING THE IMPACT INVESTING FIELD THROUGH FIELD-BUILDING AND EDUCATION SO THAT ECONOMIC AND RACIAL JUSTICE BECOMES INTEGRAL TO ANY COMMUNITY-CENTERED INVESTMENT STRATEGY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 12 | TotalEmployeeCnt |
| Total Volunteers | 9 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,436,038 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,640,671 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $429,323 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $57,146 | CYProgramServiceRevenueAmt |
| PY Investment Income | $26,687 | PYInvestmentIncomeAmt |
| CY Investment Income | $182,518 | CYInvestmentIncomeAmt |
| PY Other Revenue | $46,810 | PYOtherRevenueAmt |
| CY Other Revenue | $68,070 | CYOtherRevenueAmt |
| PY Total Revenue | $2,938,858 | PYTotalRevenueAmt |
| CY Total Revenue | $1,948,405 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $369,404 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $6,130 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $863,922 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $967,506 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $135,610 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $904,418 | PYOtherExpensesAmt |
| CY Other Expenses | $1,163,626 | CYOtherExpensesAmt |
| PY Total Expenses | $2,137,744 | PYTotalExpensesAmt |
| CY Total Expenses | $2,137,262 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $801,114 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$188,857 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $10,143,671 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,981,911 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $6,745,127 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $13,075,946 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,398,544 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,905,965 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $982,698 | ExpenseAmt |
| Grant | $2,147 | GrantAmt |
| Revenue | $27,873 | RevenueAmt |
| Desc | SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $275,678 | ExpenseAmt |
| Grant | $3,983 | GrantAmt |
| Revenue | $97,343 | RevenueAmt |
| Desc | SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | N/A | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $1,258,376 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 28 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 12 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KAFILAT LAWAL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6177029132 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2300 WASHINGTON STREET 2ND FLOOR | AddressLine1Txt |
| City | ROXBURY | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02119 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| BETTY FRANCISCO | |||||||
| CEO | 40.00 | Yes (X) | Yes (X) | $215,000 | $0 | $6,450 | |
| LISA OWENS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GUILLERMO QUINTEROS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JUAN LEYTON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ROSE FELIX | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| NIA EVANS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DEBORAH FRIEZE | |||||||
| PRESIDENT | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| GEETA AIYER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| REBECCA REGAN | |||||||
| TREASURER | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| KAFILAT LAWAL | |||||||
| FINANCIAL CONTROLLER | 40.00 | $110,905 | $0 | $4,258 | Yes (X) | ||
| HENRY NOEL | |||||||
| INVESTMENT DIRECTOR | 40.00 | $142,000 | $0 | $4,260 | Yes (X) | ||
| ALIANA PINEIRO | |||||||
| IMPACT DIRECTOR | 40.00 | $135,500 | $0 | $4,140 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $603,405 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $19,108 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ECRATCHIT INC | |||||
| 2 SHARP STREET UNIT B | HINGHAM | MA | 02043 | ACCOUNTING | $132,877 |
| MISSION DRIVEN FINANCE LLC | |||||
| 2245 SAN DIEGO AVE STE 121 | SAN DIEGO | CA | 92110 | INVESTING | $112,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $1,640,671 | AllOtherContributionsAmt |
| Noncash Contributions | $1,266 | NoncashContributionsAmt |
| Total Contributions | $1,640,671 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SERVICE FEES | 523000 | $97,343 | $97,343 |
| PROGRAMMATIC INVESTMEN | 541900 | -$40,197 | -$40,197 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $57,146 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $182,518 | TotalRevenueColumnAmt |
| Exclusion | $182,518 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $68,070 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $68,070 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $68,070 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,948,405 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $125,216 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $182,518 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,130 | TotalAmt |
| Program Services | $6,130 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $215,000 | TotalAmt |
| Program Services | $137,600 | ProgramServicesAmt |
| Management And General | $21,500 | ManagementAndGeneralAmt |
| Fundraising | $55,900 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $638,915 | TotalAmt |
| Program Services | $421,362 | ProgramServicesAmt |
| Management And General | $173,764 | ManagementAndGeneralAmt |
| Fundraising | $43,789 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,060 | TotalAmt |
| Program Services | $11,030 | ProgramServicesAmt |
| Management And General | $9,706 | ManagementAndGeneralAmt |
| Fundraising | $1,324 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,091 | TotalAmt |
| Program Services | $13,044 | ProgramServicesAmt |
| Management And General | $11,481 | ManagementAndGeneralAmt |
| Fundraising | $1,566 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,440 | TotalAmt |
| Program Services | $43,175 | ProgramServicesAmt |
| Management And General | $14,569 | ManagementAndGeneralAmt |
| Fundraising | $7,696 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $172,960 | TotalAmt |
| Management And General | $172,960 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $540,097 | TotalAmt |
| Program Services | $301,196 | ProgramServicesAmt |
| Management And General | $213,907 | ManagementAndGeneralAmt |
| Fundraising | $24,994 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $499 | TotalAmt |
| Program Services | $21 | ProgramServicesAmt |
| Management And General | $478 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,726 | TotalAmt |
| Program Services | $26,015 | ProgramServicesAmt |
| Management And General | $13,576 | ManagementAndGeneralAmt |
| Fundraising | $135 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,540 | TotalAmt |
| Program Services | $25,283 | ProgramServicesAmt |
| Management And General | $8,176 | ManagementAndGeneralAmt |
| Fundraising | $81 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,221 | TotalAmt |
| Program Services | $1,147 | ProgramServicesAmt |
| Management And General | $14,074 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,361 | TotalAmt |
| Program Services | $21,169 | ProgramServicesAmt |
| Management And General | $32,192 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $249,885 | TotalAmt |
| Program Services | $249,885 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,294 | TotalAmt |
| Management And General | $6,294 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,451 | TotalAmt |
| Management And General | $24,451 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MISCELLANEOUS | $15,405 | $34 | $15,371 | |
| BANK AND RELATED FEES | $12,187 | $1,285 | $10,777 | $125 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,137,262 | TotalAmt |
| Program Services | $1,258,376 | ProgramServicesAmt |
| Management And General | $743,276 | ManagementAndGeneralAmt |
| Fundraising | $135,610 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,345,263 | BOYAmt |
| EOY | $2,554,912 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,642,018 | BOYAmt |
| EOY | $5,288,705 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $999,646 | BOYAmt |
| EOY | $718,750 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,700 | BOYAmt |
| EOY | $45,710 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,000 | BOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,727 | BOYAmt |
| EOY | $12,425 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,789 | BOYAmt |
| EOY | $72,259 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,943,059 | BOYAmt |
| EOY | $7,071,009 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,927 | BOYAmt |
| EOY | $177,190 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,542 | BOYAmt |
| EOY | $40,951 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,143,671 | BOYAmt |
| EOY | $15,981,911 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $469,026 | BOYAmt |
| EOY | $486,594 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,022,924 | BOYAmt |
| EOY | $1,034,012 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,253,177 | BOYAmt |
| EOY | $11,532,411 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $22,929 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,745,127 | BOYAmt |
| EOY | $13,075,946 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,132,901 | BOYAmt |
| EOY | $1,678,532 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,265,643 | BOYAmt |
| EOY | $1,227,433 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,398,544 | BOYAmt |
| EOY | $2,905,965 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,143,671 | BOYAmt |
| EOY | $15,981,911 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$188,857 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$303,722 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| IRS Written Determination | Yes (X) | IRSWrittenDeterminationInd |
| Supported Organizations | 3 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (3 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| CENTER FOR ECONOMIC DEMOCRACY INC | ||||
| 473589804 | 10 | Yes (1) | $0 | $0 |
| URBAN REVIVAL INC | ||||
| 042660311 | 10 | Yes (1) | $0 | $0 |
| RUDOLF STEINER FOUNDATION INC | ||||
| 136082763 | 10 | Yes (1) | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 3 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (1) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | 0 | OperateBenefitNonSuprtOrgInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (69 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CARE ACADEMY (LOAN) | $500,000 | C |
| EBNT HOLDINGS (LOAN) | $500,000 | C |
| 88 ACRES FOOD(EQUITY) | $206,444 | C |
| WASH CYCLE LAUND(EQUITY) | $200,000 | C |
| VALLEY HOME INSUL (LOAN) | $151,735 | C |
| 88 ACRES (EQUITY) | $164,543 | C |
| TARTT'S (LOAN) | $118,620 | C |
| MENTORWORKS (LOAN) | $150,000 | C |
| FUTURO MEDIA (LOAN) | $150,000 | C |
| SOMERVILLE CDC (LOAN) | $150,000 | C |
| CARE ACADEMY INC. (EQUITY) | $150,000 | C |
| FIVE STAR PLATING (LOAN) | $90,328 | C |
| INTEREST RECEIVABLE | $282,570 | C |
| PLANETA (LOAN) | $101,943 | C |
| 88 ACRES FOOD (2019.12.16)(EQUITY) | $101,030 | C |
| TRILLFIT (EQUITY) | $100,000 | C |
| CFNE (LOAN) | $100,000 | C |
| CAPITAL GOOD (LOAN) | $50,000 | C |
| NUEVO DIA (EQUITY) | $100,000 | C |
| SUNWEALTH POWER, INC. (EQUITY) | $100,000 | C |
| MATHTALK (EQUITY) | $99,999 | C |
| 88 ACRES(EQUITY) | $99,998 | C |
| RENEW ENERGY (EQUITY) | $64,784 | C |
| MATH TALK (EQUITY) | $89,108 | C |
| BEANTOWN (LOAN) | $53,114 | C |
| HILLSIDE HARVEST (LOAN) | $69,687 | C |
| FUTURO MEDIA (LOAN) | $39,685 | C |
| ALLHERE EDUCATION, INC (2020.07.03) | $70,000 | C |
| ROUNDHEAD (LOAN) | $46,520 | C |
| WASH CYCLE LAUNDRY (LOAN) | $60,504 | C |
| CHOPVALUE (EQUITY) | $50,000 | C |
| CHOP VALUE (EQUITY) | $50,000 | C |
| SOMERVILLE CDC (LOAN) | $50,000 | C |
| PLANETA (LOAN) | $50,000 | C |
| CASABE (LOAN) | $42,765 | C |
| PLANETA (LOAN) | $45,000 | C |
| EMVISION (LOAN) | $35,510 | C |
| CHELSEA (LOAN) | $3,236 | C |
| WASH CYCLE LAUNDRY (2017.09.23)(EQUITY) | $39,496 | C |
| WAKU (LOAN) | $38,532 | C |
| EMVISION (LOAN) | $27,387 | C |
| ALL IN ENERGY (LOAN) | $21,371 | C |
| QUALITY INTERACTIONS (LOAN) | $250,000 | C |
| ALLHERE EDUCATION, INC (2021.04.20) | $24,898 | C |
| CARABALLO (LOAN) | $2,979 | C |
| DONE GOOD PBC (EQUITY) | $11,951 | C |
| CERO COOPERATIVE (LOAN) | $7,070 | C |
| ALLHERE EDUCATION, INC (2021.04.20) | $5,103 | C |
| DEMOCRACY BREWING (EQUITY) | $5,000 | C |
| CICD (LOAN) | $50,000 | C |
| PLANETA (LOAN) | $25,000 | C |
| PLANETA (LOAN) | $25,000 | C |
| SYNERGY(LOAN) | $150,000 | C |
| KINGSTOWN | $100,000 | C |
| CPA MA (LOAN) | $100,000 | C |
| PLANETA (LOAN) | $500,000 | C |
| SUNWEALTH (LOAN) | $500,000 | C |
| MATH TALK (LOAN) | $200,000 | C |
| SIGN SPEAK (LOAN) | $150,000 | C |
| THRIVE! (LOAN) | $50,000 | C |
| BWB (LOAN) | $250,000 | C |
| ASWR | $250,000 | C |
| SOLOMON (LOAN) | $90,000 | C |
| INNOVATION (LOAN) | $150,000 | C |
| BONTERRA (EQUITY) | $47,745 | C |
| MEETCAREGIVERS (EQUITY) | $154,754 | C |
| FLORENT (EQUITY) | $100,000 | C |
| BONTERRA (EQUITY) | $42,011 | C |
| ALLOWANCE FOR DOUBTFUL ACCOUNTS | -$784,411 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $7,071,009 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LEASE LIABILITY | Desc |
| Amt | $22,929 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $22,929 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,441,627 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $493,222 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $493,222 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,948,405 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,948,405 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,605,001 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $467,738 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $467,738 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,137,263 | ExpensesSubtotalAmt |
| Other Expenses Not Included | -$1 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | -$1 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,137,262 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ORGANIZATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON APPLICATION OF A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE ORGANIZATION HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE ORGANIZATION HAS DETERMINED THAT SUCH A TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | ROUNDING -1. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BETTY FRANCISCO | PersonNm |
| Title | CEO | TitleTxt |
| Base Compensation Filing Org | $215,000 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $0 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $6,450 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $221,450 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (4 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan To OrganizationLoanToOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| DEBORAH FRIEZE | |||||||
| BOARD PRESIDENT | FUNDING | Yes (X) | $250,000 | $264,077 | 0 | Yes (1) | Yes (1) |
| MICHAEL FRIEZE | |||||||
| FORMER BOARD VICE PRESIDENT | FUNDING | Yes (X) | $250,000 | $264,077 | 0 | Yes (1) | Yes (1) |
| DEBORAH FRIEZE | |||||||
| BOARD PRESIDENT | FUNDING | Yes (X) | $250,000 | $252,929 | 0 | Yes (1) | Yes (1) |
| MICHAEL FRIEZE | |||||||
| FORMER BOARD VICE PRESIDENT | FUNDING | Yes (X) | $250,000 | $252,929 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $1,034,012 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE BOSTON IMPACT INITIATIVE (BII) WORKS TO BUILD A SUSTAINABLE, INCLUSIVE AND EQUITABLE ECONOMY THAT RESTORES THE PRODUCTIVE CAPACITY OF COMMUNITIES OF COLOR IN EASTERN MASSACHUSETTS. WE DO THIS BY INVESTING INTEGRATED CAPITAL (EQUITY, DEBT AND GRANTS) IN REGENERATIVE LOCAL ENTERPRISES THAT ARE OWNED AND CONTROLLED BY ENTREPRENEURS OF COLOR OR ARE SERVING COMMUNITIES OF COLOR TO HELP CLOSE THE RACIAL WEALTH DIVIDE. BII WORKS WITH OR PORTFOLIO COMPANIES TO STRENGTHEN THE IMPACT THEY HAVE IN THEIR COMMUNITIES AND IMPROVE THE EFFECTIVENESS OF ENTREPRENEURIAL SERVCIES IN EASTERN MASSACHUSETTS. BII ALSO PROVIDES EDUCATION AND TRAINING FOR FELLOW INVESTORS, FUND MANAGERS AND PHILANTHROPISTS NATIONWIDE TO BUILD THE FIELD OF IMPACT INVESTING WITH A RACIAL JUSTICE LENS. |
| FORM 990, PART III, LINE 4A - FIRST ACCOMPLISHMENT | BII MANAGES TWO INTEGRATED CAPITAL INVESTMENT FUNDS - BII FUND I AND BII FUND II. BII FUND I BII'S INAUGURAL FUND ("BII FUND I") WAS LAUNCHED IN 2017 TO INVEST INTEGRATED CAPITAL - DEFINED AS DEBT, EQUITY AND GRANTS - IN REGENERATIVE LOCAL ENTERPRISES IN EASTERN MASSACHUSETTS THAT ARE OWNED AND CONTROLLED BY ENTREPRENEURS OF COLOR OR THAT SERVE COMMUNITIES OF COLOR. BY USING THIS "WHOLE PORTFOLIO" APPROACH, BII SELECTS THE BEST CAPITAL INSTRUMENT FOR THE AGE AND STAGE OF EACH ORGANIZATION IN WHICH IT INVESTS. IN ADDITION TO MAKING INVESTMENTS IN THESE ENTERPRISES, BII PROVIDES TECHNICAL ASSISTANCE, BUSINESS COACHING, CONNECTIONS, AND EDUCATIONAL PROGRAMMING TO SUPPORT ITS PORTFOLIO INVESTMENTS, STRENGTHEN THE IMPACT OF THESE ENTERPRISES IN THEIR COMMUNITIES, AND IMPROVE THE EFFECTIVENESS OF ENTREPRENEURIAL SERVICES. BII FUND I HAS MADE CUMULATIVE INTEGRATED CAPITAL INVESTMENTS OF APPROXIMATELY $7.7 MILLION. THIS TOTAL COMPRISES $6.9 MILLION OF DEBT AND EQUITY INVESTMENTS ACROSS 50 ENTERPRISES AND $949,193 AWARDED IN GRANTS FROM A SEPARATE GRANT POOL AS OF DECEMBER 31, 2023. IN 2023, BII FUND I MADE 7 IMPACT INVESTMENTS TOTALING $600,000. BII FUND II IN MAY 2022, BII ESTABLISHED BOSTON IMPACT INITIATIVE FUND II LLC ("BII FUND II") A WHOLLY-OWNED SUBSIDIARY OF BII FOR THE PURPOSE OF LAUNCHING BII'S SECOND INTEGRATED CAPITAL FUND. BII FUND II IS A $20 MILLION DEBT FUND THAT WILL INVEST INTEGRATED CAPITAL INTO EARLY-STAGE SOCIAL ENTERPRISES OWNED BY ENTREPRENEURS OF COLOR AND COMMUNITY-CONTROLLED REAL ESTATE IN MASSACHUSETTS AND THE NORTHEAST. BII FUND II PRIORITIZES INVESTMENTS IN ENTERPRISES THAT ADDRESS AN UNMET NEED OR ISSUE AFFECTING COMMUNITIES OF COLOR, BUILD CLIMATE RESILIENCE AND EXPAND CLEAN ENERGY SOLUTIONS, AND GROW WORKER OR COMMUNITY POWER AND VOICE, INCLUDING CO-OPS, AND WORKER-OWNED AND UNIONIZED BUSINESSES. BII FUND II ALSO INVESTS IN COMMERCIAL AND RESIDENTIAL REAL ESTATE PROJECTS THAT SUPPORT COMMUNITY OWNERSHIP AND CONTROL OF LAND TO PREVENT DISPLACEMENT. BII FUND II INVESTED A TOTAL OF $4.2 MILLION IN EIGHTEEN ENTERPRISES AND REAL ESTATE PROJECTS AS OF DECEMBER 31, 2023. |
| FORM 990, PART III, LINE 4B - SECOND ACCOMPLISHMENT | BII ENGAGES IN FIELD-BUILDING, EDUCATION AND ADVOCACY INITIATIVES THAT CHALLENGE CONVENTIONAL BELIEFS ABOUT OWNERSHIP, COMPETITION, PROFIT-MAKING AND CONTROL-AND ADVANCE FRESH PERSPECTIVES ON TRUST-BASED INVESTING, INTEGRATED RISK AND RETURN, AND DEMOCRATIZING OWNERSHIP AND DECISIONMAKING TO ADVANCE ECONOMIC JUSTICE. BII'S FIELD-BUILDING PROGRAMS INCLUDE: 1.EMERGING FUND MANAGER EDUCATION PROGRAM THE EMERGING FUND MANAGER EDUCATION PROGRAM EQUIPS FUND MANAGERS WITH DEVELOPING THE SKILLS AND KNOWLEDGE THEY NEED TO STRUCTURE, RAISE AND MANAGE A BLENDED CAPITAL FUND. THE PURPOSE OF THESE FUNDS IS TO BUILD SUSTAINABLE, INCLUSIVE AND EQUITABLE LOCAL ECONOMIES THAT BUILD WEALTH AND POWER IN COMMUNITIES OF COLOR. 2. IMPACT CAPITAL LAB (ADVISORY SERVICES) BII DELIVERS CUSTOMIZED ADVISORY SERVICES AND EDUCATIONAL TRAINING THROUGH ITS IMPACT CAPITAL LAB PROGRAM TO SUPPORT AND AMPLIFY THE SUCCESS OF INDIVIDUAL AND INSTITUTIONAL INVESTORS AND PHILANTHROPISTS FOCUSED ON COMMUNITY-BASED IMPACT INVESTING. 3. INTEGRATED CAPITAL CARDS AND PROGRAM THE INTEGRATED CAPITAL CARDS AND PROGRAM IS DESIGNED TO HELP FUND MANAGERS, FUNDERS, ENTREPRENEURS, AND IMPACT AND COMMUNITY INVESTORS LEARN HOW TO USE CREATIVE FINANCIAL TOOLS FOR SOLVING WEALTH INEQUALITY. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BII HAS A STANDING INVESTMENT COMMITTEE THAT REVIEWS AND RECOMMENDS POTENTIAL INVESTMENT OPPORTUNITIES TO THE BII BOARD. THEIR RECOMMENDATIONS ARE APPROVED BY THE BOARD. THERE ARE NO MATERIAL DIFFERNCES BETWEEN GOVERNING BODY'S VOTING RIGHTS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY THE FUND'S EXTERNAL ACCOUNTING FIRM AND THEN DISTRIBUTED TO THE BOARD FOR REVIEW AND APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL BII BOARD MEMBERS NEED TO SIGN AN ANNUAL CONFLICT OF INTEREST FORM. IF BII IS DELIBERATING ON A PARTICULAR PROGRAMMATIC INVESTMENT, AND IF THEY ARE ANY CONFLICTS OF INTEREST, THE BOARD MEMBER(S), THE INVESTMENT COMMITTEE MEMBER(S) OR STAFF MEMBER(S) ARE EXPECTED TO DISCLOSE THE CONFLICT AND RECUSE THEMSELVES FROM THE DELIBERATION PROCESS. |
| FORM 990, PART VI, SECTION B, LINE 15 | LINE 15A A RECOMMENDATION IS MADE TO THE FULL BOARD FOR THE COMPENSATION OF THE CEO AND TOP MANAGEMENT BASED UPON A REVIEW OF COMPARABLE DATA. LINE 15B COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES ARE DISCUSSED AND VOTED ON AT BOARD MEETINGS. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. NO REQUESTS OF THESE DOCUMENTS WERE MADE DURING THE YEAR. |
| FORM 990, PART IX, LINE 11G | CONSULTING: PROGRAM SERVICE EXPENSES 52,844. MANAGEMENT AND GENERAL EXPENSES 81,181. FUNDRAISING EXPENSES 19,700. TOTAL EXPENSES 153,725. ADMIN SUPPORT: PROGRAM SERVICE EXPENSES 2,431. MANAGEMENT AND GENERAL EXPENSES 52,004. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 54,435. OTHER FEES: PROGRAM SERVICE EXPENSES 245,921. MANAGEMENT AND GENERAL EXPENSES 80,722. FUNDRAISING EXPENSES 5,294. TOTAL EXPENSES 331,937. |
| FORM 990, PART XI, LINE 9: | INVESTMENT IMPAIRMENT LOSSES -329,204. CAPITALIZED TRADEMARK DONATED LEGAL SERVCIES 19,420. CAPITALIZED START UP FEES DONATED LEGAL SERVCIES 6,064. ROUNDING -2. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOSTON IMPACT INITIATIVE FUND II | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2300 WASHINGTON STREET 2ND FLOOR | AddressLine1Txt |
| City | ROXBURY | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02119 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 821543658 | EIN |
| Primary Activities | LENDING | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| URBAN REVIVAL INC | ||||||||||
| 284 AMORY STREET 1ST FLOOR | JAMAICA PLAIN | MA | 02130 | 042660311 | HOUSING | MA | 501(C)(3) | LINE 7 | N/A | 0 |
| RUDOLF STEINER FOUNDATION INC | ||||||||||
| 1002 OREILLY AVENUE | SAN FRANCISCO | CA | 94129 | 136082763 | LENDING & | CA | 501(C)(3) | LINE 10 | N/A | 0 |
| CENTER FOR ECONOMIC DEMOCRACY INC | ||||||||||
| 69 ROBESON STREET STE 6 | JAMAICA PLAIN | MA | 02130 | 473589804 | LENDING & | MA | 501(C)(3) | LINE 7 | N/A | 0 |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOSTON IMPACT INITIATIVE LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 CHESTNUT PL STE 1 | AddressLine1Txt |
| City | JAMAICA PLAIN | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02130 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 461304300 | EIN |
| Primary Activities | LENDING | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | Yes (1) | GeneralOrManagingPartnerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RUDOLF STEINER FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | B | TransactionTypeTxt |
| Method Of Amount Determination | CASH | MethodOfAmountDeterminationTxt |
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