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Nonprofit · EIN 82-1543658

BOSTON IMPACT INITIATIVE FUND

Tax-exempt · JAMAICA PLAIN, MA 02130

Financials

$1.9M$2.1M2023$5.4M$2.8M2024
Revenue Expenses · by fiscal year end
Financials of BOSTON IMPACT INITIATIVE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,409,152$2,777,855$2,631,297$23,385,414$18,284,831$5,100,583
December 31, 2023990$1,948,405$2,137,262-$188,857$15,981,911$13,075,946$2,905,965
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$4,506,582
Program service revenue
$426,160
Investment income
$404,362
Other revenue
$72,048

Expenses

Grants and similar amounts paid
$2,915
Compensation of officers, directors and key employees
$221,880
Other salaries and wages
$974,312
Salaries, compensation and benefits (total)
$1,374,213
Professional fundraising fees
$0
Accounting fees
$280,800
Occupancy
$18,896
Travel
$85,840
Depreciation
$15,768
Program services (functional)
$1,471,459
Management and general (functional)
$1,108,866
Fundraising (functional)
$197,530

Balance sheet and other

Total assets, start of year
$15,981,911
Total assets, end of year
$23,385,414
Total liabilities, end of year
$18,284,831
Net assets, end of year
$5,100,583
Net assets without donor restrictions
$1,121,341
Net assets with donor restrictions
$3,979,242
Gross receipts
$5,409,152
Employees
14
Volunteers
14
Year formed
2017
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
BETTY FRANCISCOCEO
Trustee or director, Officer
40$221,880$6,958
HENRY NOELINVESTMENT DIRECTOR
Highest-paid employee
40$144,480$4,499
ALIANA PINEIROIMPACT DIRECTOR
Highest-paid employee
40$139,416$4,587
KAFILAT LAWALFINANCIAL CONTROLLER
Highest-paid employee
40$116,091$6,029
LISA OWENSVICE CHAIR
Trustee or director
1$0$0
GUILLERMO QUINTEROSDIRECTOR
Trustee or director
1$0$0
JUAN LEYTONBOARD CHAIR
Trustee or director, Officer
3$0$0
ROSE FELIX CRATSLEYSECRETARY
Trustee or director, Officer
1$0$0
NIA EVANSDIRECTOR
Trustee or director
1$0$0
REBECCA REGANTREASURER
Trustee or director, Officer
3$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
BETTY FRANCISCOCEO
Trustee or director, Officer
40$215,000$6,450
HENRY NOELINVESTMENT DIRECTOR
Highest-paid employee
40$142,000$4,260
ALIANA PINEIROIMPACT DIRECTOR
Highest-paid employee
40$135,500$4,140
KAFILAT LAWALFINANCIAL CONTROLLER
Highest-paid employee
40$110,905$4,258
LISA OWENSDIRECTOR
Trustee or director
1$0$0
GUILLERMO QUINTEROSDIRECTOR
Trustee or director
1$0$0
JUAN LEYTONDIRECTOR
Trustee or director
1$0$0
ROSE FELIXSECRETARY
Trustee or director, Officer
1$0$0
NIA EVANSDIRECTOR
Trustee or director
1$0$0
DEBORAH FRIEZEPRESIDENT
Trustee or director, Officer
10$0$0
GEETA AIYERDIRECTOR
Trustee or director
1$0$0
REBECCA REGANTREASURER
Trustee or director, Officer
5$0$0

Address and contacts

Address (IRS master file)
PO BOX 300443, JAMAICA PLAIN, MA 02130-0004
Mailing address (990-N for 2021)
14 CHESTNUT PLACE STE 1, JAMAICA PLAIN MA 021304431
Principal officer (990 for 2024)
BETTY FRANCISCO, 2225 WASHINGTON STREET 2ND FLOOR, ROXBURY, MA 02119
Principal officer (990-N for 2021)
Ethridge Darlene, 659 Lake Rd, Atkins AR 72823
Signed the 990
BETTY FRANCISCO, CEO
Phone
(617) 702-9132
Return prepared by
STONE & COMPANY LLC

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • SEE SCHEDULE O
    Expenses $1,126,118 · grants $2,915 · revenue $404,867
  • SEE SCHEDULE O
    Expenses $345,341 · revenue $93,341
  • N/A

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-1543658
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$23,385,414
Income (IRS master file)
$5,409,152

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,409,152$2,777,855$23,385,414XML
990December 2023$1,948,405$2,137,262$15,981,911XML
990December 2022$2,938,858$2,137,744$10,143,671IRS
990-N for 2021
Officer: Ethridge Darlene
December 31, 2021≤ $50,000 receipts––e-Postcard
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-1543658).

Questions about BOSTON IMPACT INITIATIVE FUND

What is the EIN of BOSTON IMPACT INITIATIVE FUND?
The employer identification number (EIN) of BOSTON IMPACT INITIATIVE FUND is 82-1543658.
Is BOSTON IMPACT INITIATIVE FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to BOSTON IMPACT INITIATIVE FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does BOSTON IMPACT INITIATIVE FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BOSTON IMPACT INITIATIVE FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BOSTON IMPACT INITIATIVE FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BOSTON IMPACT INITIATIVE FUND?
The 990 for the year ended December 31, 2024 names BETTY FRANCISCO.
Who are the officers and directors of BOSTON IMPACT INITIATIVE FUND?
The 990 for the year ended December 31, 2024 lists 10 people; 4 received compensation from the organization, the highest $221,880 (BETTY FRANCISCO, CEO).
How much revenue does BOSTON IMPACT INITIATIVE FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,409,152, expenses of $2,777,855 and total assets of $23,385,414 at year end.

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