Overview

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Est.

1982

Fiscal Year Start

Jun 1

Organization Type

Grantseeker

AI Summary

The Local Enterprise Assistance Fund (EIN: 04-2763724) is a nonprofit community development financial institution dedicated to providing low-cost financing and technical assistance to worker-owned cooperatives and community-owned businesses. With an operating budget of $4.2 million and total revenue of $5.2 million for the filing year 2024, the organization is supported by substantial funding from various sources, none of which contribute 50% or more of its revenue. More information can be found on their website at www.leaffund.org.

Mission Statement

NON-PROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION PROVIDING LOW COST FINANCING AND TECHNICAL ASSISTANCE TO WORKER-OWNED COOPERATIVES AND COMMUNITY-OWNED BUSINESSES.
Revenues
$5.2M
Expenses
$4.3M
Net Income:
+$892.4K
Assets
$31.1M
Liabilities
$19.5M
Net Assets:
+$11.6M
Operating Budget
$4.2M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
7
Median grant size
$250K
Largest grant received
$597.7K
G
Gerardo Espinoza
Board Member
C
Christopher Hunter Director
Board Member
M
Mathew Pires
Board Member

Frequently Asked Questions

What is LOCAL ENTERPRISE ASSISTANCE FUND’s budget?
In 2024, LOCAL ENTERPRISE ASSISTANCE FUND reported an annual operating budget of around $4.2 million. More detailed financial information is available to registered users.
What causes does LOCAL ENTERPRISE ASSISTANCE FUND support?
LOCAL ENTERPRISE ASSISTANCE FUND supports work in Public policy.
Where does LOCAL ENTERPRISE ASSISTANCE FUND operate?
LOCAL ENTERPRISE ASSISTANCE FUND is headquartered in BOSTON, MA.
Who funded LOCAL ENTERPRISE ASSISTANCE FUND recently?
In 2024, LOCAL ENTERPRISE ASSISTANCE FUND received grants from Boston Foundation, Inc, JPMORGAN CHASE FOUNDATION, and FIDELITY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant LOCAL ENTERPRISE ASSISTANCE FUND received in 2024?
The largest grant to LOCAL ENTERPRISE ASSISTANCE FUND in 2024 exceeds $598 thousand.
What is LOCAL ENTERPRISE ASSISTANCE FUND’s reliance on government grants?
LOCAL ENTERPRISE ASSISTANCE FUND relied on government grants for more than 65% of their total revenue in 2024.