Boston Impact Initiative Fund
Boston Impact Initiative Fund
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About this organization
Mission
The Boston Impact Initiative Fund has a unique role in the field of impact investing. The Fund is focused on economic justice, which means that we invest in opportunity for all peopleespecially those most oppressed or abandoned by our current economic systemto lead a dignified and productive life. The Fund invests in enterprises throughout Eastern Massachusetts.
About
During 2017, the Boston Impact Initiative Fund made 12 impact investments to 11 different companies. The total of these programmatic investments in 2017 was $951,318.
Interesting data from their 2018 990 filing
In the filing, the mission of the non-profit is noted as “The boston impact initiative fund has a unique role in the field of impact investing. the fund is focused on economic justice, which means that we invest in opportunity for all peopleespecially those most oppressed or abandoned by our current economic systemto lead a dignified and productive life. the fund invests in enterprises throughout eastern massachusetts.”.
When referring to its responsibilities, they were outlined as: “The boston impact initiative fund has a unique role in the field of impact investing. the fund is focused on economic justice, which means that we invest in opportunity for all peopleespecially those most oppressed or abandoned by our current economic systemto lead a dignified and productive life. the fund invests in enterprises throughout eastern massachusetts.”.
- The state in which the non-profit is legally registered to operate is MA, as per legal records.
- The filing documents the non-profit's address in 2018 as 14 Chestnut Place Suite 1, Jamaica Plain, MA, 02130.
- According to the non-profit's form, they have 2 employees on their payroll as of 2018.
- The non-profit has loans as of 2018.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $480,678.
- The CEO remuneration plan within the organization is subject to review and approval by an independent source.
- The organization elects its board members.
- The organization has 4 independent voting members.
- The organization was formed in 2017.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization's financial statements were compiled or reviewed by an accountant.
- The organization pays $54,392 in salary, compensation, and benefits to its employees.
- The organization pays $1,182 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.