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Boston Impact Initiative Fund

EIN 82-1543658 · Jamaica Plain, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair60 out of 100GovernanceGood83 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It reported loans to or from officers, directors or other insiders.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

SEE SCHEDULE O

Income
$5.4 million
Spending
$2.8 million
Spent on programs
53%
Reserves
4.8 months of spending
Largest source of income
donations and private grants, 83%
Employees
14
Volunteers
14
Highest pay
$228,838, ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 60 out of 100. Higher than 33% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    20 of 35

    Spendable reserves would cover 4.8 months of spending.

  • Debt

    2 of 20

    It owes 78% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 49% of income.

  • Income trend

    15 of 15

    Income rose 178% on the year before.

  • Spending floor

    8 of 15

    53% of spending went to programs and raising each dollar of donations cost 4 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 83 out of 100. Higher than 36% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    6 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    0 of 10

    Reports at least one of: diversion of assets, excess benefits, loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $1.1 million spent. BII FUND I BII'S INAUGURAL FUND ("BII FUND I") WAS LAUNCHED IN 2017 TO INVEST INTEGRATED CAPITAL - A BLEND OF LOANS, EQUITY, GRANTS, TECHNICAL ASSISTANCE, AND NETWORKS - IN REGENERATIVE LOCAL ENTERPRISES IN EASTERN MASSACHUSETTS OWNED BY LOCAL ENTREPRENEURS OF COLOR OR THAT SERVE LOCAL COMMUNITIES, PARTICULARLY 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 $6.9 MILLION OF DEBT AND EQUITY INVESTMENTS ACROSS 50 ENTERPRISES AND $1.2 MILLION AWARDED IN CUMULATIVE GRANTS TO OVER 60 NONPROFIT ORGANIZATIONS FROM A SEPARATE GRANT POOL AS OF DECEMBER 31, 2024. 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 $6.1 MILLION IN 18 ENTERPRISES AND REAL ESTATE PROJECTS AS OF DECEMBER 31, 2024.
  2. $345,341 spent. BII ENGAGES IN FIELD-BUILDING, EDUCATION AND ADVOCACY INITIATIVES THAT CHALLENGE CONVENTIONAL BELIEFS ABOUT OWNERSHIP, COMPETITION, PROFIT-MAKING AND CONTROL OF CAPITAL. THROUGH PRACTICE AND POLICY, BII IS ADVANCING FRESH PERSPECTIVES ON TRUST-BASED INVESTING, INTEGRATED RISK AND RETURN, AND DEMOCRATIZING OWNERSHIP AND DECISION-MAKING TO ADVANCE ECONOMIC JUSTICE. BII'S FIELD-BUILDING PROGRAMS INCLUDE: 1. EMERGING IMPACT FUND MANAGER EDUCATION PROGRAM. THE EMERGING IMPACT FUND MANAGER EDUCATION PROGRAM EQUIPS FUND MANAGERS WITH 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, PARTICULARLY IN UNDERSERVED COMMUNITIES. 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.
  3. N/A

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 2017.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

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