Overview

Sign up to

Est.

2015

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC is a Massachusetts-based nonprofit focused on cultural awareness and Black studies, with a mission to advance the economic well-being of Black businesses, organizations, and residents in Massachusetts. For filing year 2025, it reported an operating budget of $3.2M and total revenue of $4M; its listed top funders include Barr Foundation ($1.7M in 2023), Boston Foundation, Inc ($1.4M in 2025), and THE ROCKEFELLER FOUNDATION ($750K in 2024).

Mission Statement

TO ADVANCE THE ECONOMIC WELL-BEING OF BLACK BUSINESSES, ORGANIZATIONS & RESIDENTS IN MA.
Revenues
$5.8M
Expenses
$5.2M
Net Income:
+$596.1K
Assets
$4.2M
Liabilities
$1.8M
Net Assets:
+$2.4M
Operating Budget
$4.8M
Operating Budget by Year

Due Diligence

Are you a grantmaker?
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
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
plg-image
plg-image
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Total No. of Grants
15
Median grant size
$25K
Largest grant received
$275.3K
N
Nicole Obi
Board Member
C
Chiderah Okoye
Board Member
L
Lamont Clemons
Board Member
Free account

There’s more to this organization

Create a free account to go deeper. No payment required.

  • 35 funders
  • 35 board & team members
  • 8 historic 990s & financials
  • 6-year operating budget trend
Free forever. Takes about a minute.

Is your org on Google Workspace or Microsoft 365? Sign up in seconds. Already have an account? Log in

By signing up, I agree to Impala’s Terms of Use and Privacy Policy.

Frequently Asked Questions

What is BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC’s budget?
In 2024, BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC reported an annual operating budget of around $4.8 million. More detailed financial information is available to registered users.
What causes does BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC support?
BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC supports work in Cultural awareness and Black studies.
Where does BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC operate?
BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC is headquartered in Boston, MA.
Who funded BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC recently?
In 2025, BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC received grants from Boston Foundation, Inc, CAMBRIDGE COMMUNITY FOUNDATION, and Boston Foundation, Inc. More information on this organization’s funders is available to registered users.
What is the largest grant BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC received in 2024?
The largest grant to BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC in 2024 exceeds $275 thousand.
What is BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC’s reliance on government grants?
BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC relied on government grants for more than 5% of their total revenue in 2024.