Massachusetts · Nonprofit
BOSTON IMPACT INITIATIVE FUND
BOSTON IMPACT INITIATIVE FUND (Massachusetts) receives grants from 40 organizations whose IRS filings report $10,964,002 to it, the largest being RSF SOCIAL FINANCE INC ($2,264,902). 20 of them have funded it in more than one year, and 53% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $5.4M
- Funders on record
- 40
- Grants received
- $11M
- Net assets
- $5.1M
What Boston Impact Initiative Fund does
Mission
Form 990 - organization's mission or most significant activitiesboston impact initiative (bii) is a nonprofit impact investment fund and certified community development financial institution (cdfi). Bii provides small businesses, cooperatives, community-controlled real estate projects, and impact fund managers with fair and flexible capital, expert advising, and trusted networks to build community ownership, shared wealth, and economic power, particularly in communities of color in massachusetts and new england.
As stated on its FY2024 Form 990.
Programs
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…
$982,698 spentof which $2,147 as grants$27,873 earned by the program78% of program spendingBii 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…
$275,678 spentof which $3,983 as grants$97,343 earned by the program22% of program spendingN/a
The 3 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $1,258,376.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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 2023 to 2024, from $16M to $23M (+46%).
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: 2021 11% · 2022 7%. Grants only. Government contracts and fees sit inside program revenue.
83% of BOSTON IMPACT INITIATIVE FUND’s revenue is contributions — more donation-reliant than the typical peer (60% 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.
Who funds it, year by year
2018 → 2023: the base broadened from 2 funders to 16 funders, grant income rose $180k → $1.9M.
14 of 40 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 53% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of BOSTON IMPACT INITIATIVE FUND’s funders (the co-funder graph). Top 30 of 40 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
BOSTON IMPACT INITIATIVE FUND has a broad base — no single funder exceeds 21% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
59% 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 BOSTON IMPACT INITIATIVE FUND.
Largest funder’s share by year: 2018 56% · 2019 32% · 2020 55% · 2021 24% · 2022 48% · 2023 30% — 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
35% of BOSTON IMPACT INITIATIVE FUND's funders are still giving 3 years after their first grant; 50% 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
53% of BOSTON IMPACT INITIATIVE FUND's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $5.1M that is directly attributable, 59% of it comes from Massachusetts funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $5.8M arriving through sponsors registered in 9 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
BOSTON IMPACT INITIATIVE FUND runs a healthier operating margin than three-quarters of the 4,206 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,206 community improvement nonprofits $1M–$10M, FY2024
Organizations like BOSTON IMPACT INITIATIVE FUND
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
53% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 5 related entities
- Boston Impact Initiative Fund II · disregarded
- Urban Revival Inc · exempt
- Rudolf Steiner Foundation Inc · exempt
- Center for Economic Democracy Inc · exempt
- Boston Impact Initiative LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for BOSTON IMPACT INITIATIVE FUND: 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 BOSTON IMPACT INITIATIVE FUND?
- BOSTON IMPACT INITIATIVE FUND (Massachusetts) receives grants from 40 organizations whose IRS filings report $10,964,002 to it, the largest being RSF SOCIAL FINANCE INC ($2,264,902). 20 of them have funded it in more than one year, and 53% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does BOSTON IMPACT INITIATIVE FUND have?
- IRS filings report 40 organizations giving $10,964,002 in grants to BOSTON IMPACT INITIATIVE FUND, 20 of which have funded it in more than one year.
- Who is the largest funder of BOSTON IMPACT INITIATIVE FUND?
- RSF SOCIAL FINANCE INC is the largest funder on record, with $2,264,902 in grants. The full list of funders is on this page.
- How can an organization like BOSTON IMPACT INITIATIVE FUND 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 FY2024 (financials across 2017–2024), and the filings of 40 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 22, 2026. What this page cannot tell you · view filing