Massachusetts · Nonprofit
BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC
BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC (Massachusetts) receives grants from 35 organizations whose IRS filings report $7,202,308 to it, the largest being BARR FOUNDATION ($2,657,100). 18 of them have funded it in more than one year.
- Revenue FY2025
- $4.0M
- Funders on record
- 35
- Grants received
- $7.2M
- Net assets
- $2.9M
What Black Economic Council of Massachusetts Inc does
Mission
Becma's mission is to advance the economic well-being of black businesses, organizations, and residents in massachusetts through advocacy, business and leadership development, and strategic partnerships.
As stated on its FY2025 Form 990.
Programs
Supports mass based black led firms via grants, back-office support, and digital solutions. Advocates for access to adequate & affordable capital, equitable procurement and inclusive workforce development.
$2,432,771 spentof which $359,502 as grants$1,008,010 earned by the program100% of program spendingThrough one of their wholly-owned subsidiaries, bci, the organization makes loans to members of the community they serve. Bci has an investment committee that reviews the applications and due diligence packets of each entity that applies for a loan, and that committee consists of six members with extensive experience. In 2025, the organization issued loans to four businesses totaling $310,587. The organization recorded interest income of $28,560 relating to all outstanding loans.
$28,560 earned by the program
The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $2,432,771.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $1.5M to $2.8M (+86%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2024 9% · 2025 15%. Grants only. Government contracts and fees sit inside program revenue.
74% of BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC’s revenue is contributions — about as donation-reliant as the typical peer (81% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Nicole Obi
President and CEO
Board chair
Herby Duverne
Board chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2019 → 2023: the base broadened from 2 funders to 14 funders, grant income rose $13k → $1.5M.
13 of 35 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 24% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $1.1M from 2 payers (the payer shares this organization's board, largest Boston Foundation Inc). These are real filings, and they are not money BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC raised.
From the IRS filings of BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC’s funders (the co-funder graph). Top 30 of 35 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC has a broad base — no single funder exceeds 37% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
27% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC.
Largest funder’s share by year: 2019 76% · 2020 39% · 2021 20% · 2022 46% · 2023 40% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
50% of BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC's funders are still giving 3 years after their first grant; 51% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
86% of BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC's grant income comes from Massachusetts funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.7M arriving through sponsors registered in 10 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC has grown faster than three-quarters of the 84 social science nonprofits its size.
this organization peer median middle 50% of peers· 84 social science nonprofits $1M–$10M, FY2025
Government funding BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.0M on record.
- Small Business Administration$1.0M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
69% of spending goes to programs.
Governance
Public support
79%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- Becma Community Investments LLC · disregarded
- Becma Investment Management LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC?
- BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC (Massachusetts) receives grants from 35 organizations whose IRS filings report $7,202,308 to it, the largest being BARR FOUNDATION ($2,657,100). 18 of them have funded it in more than one year.
- How many funders does BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC have?
- IRS filings report 35 organizations giving $7,202,308 in grants to BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC, 18 of which have funded it in more than one year.
- Who is the largest funder of BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC?
- BARR FOUNDATION is the largest funder on record, with $2,657,100 in grants. The full list of funders is on this page.
- How can an organization like BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 35 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing