BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC

BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC

Boston, MA, US
501(c)3
EIN
81-0687250

BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC

Boston, MA, US
501(c)3
EIN
81-0687250

Overview

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Est.

2015

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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The Black Economic Council of Massachusetts Inc. is a nonprofit organization dedicated to advancing the economic well-being of Black businesses, organizations, and residents in Massachusetts. With an operating budget of $4.8 million and total revenue of $5.8 million for the 2024 filing year, the organization focuses on cultural awareness and Black studies. It does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit their website at https://www.becma.org/.

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

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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

9

Median grant size
$100K
Largest grant received
$250K
N
Nicole Obi
Board Member
C
Chiderah Okoye
Board Member
C
Charran Fisher
Board Member

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 $250 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.
Overview
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