BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC

BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC

Boston, MA, US
•
501(c)3
•
EIN
81-0687250
•
HTTPS://WWW.BECMA.ORG/

BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC

Boston, MA, US
•
501(c)3
•
EIN
81-0687250
•
HTTPS://WWW.BECMA.ORG/
Overview
Programs
990s
Income Statement
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Programs

  • Support for Black Led Firms
    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.
    Geographies
    Not indicated
    Dates
    Jan 1, 2024 – Dec 31, 2024
    Source
    990
    No causes provided
    No populations provided
    –
    $3.8M
  • Community Loan Program
    THROUGH 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 THE COMMITTEE CONSISTS OF SIX MEMBERS WITH EXTENSIVE EXPERIENCE. IN 2024, THE ORGANIZATION ISSUED SIX LOANS TOTALING $540,412 AND RECORDED INTEREST INCOME FROM THESE LOANS OF $6,895.
    Geographies
    Not indicated
    Dates
    Jan 1, 2024 – Dec 31, 2024
    Source
    990
    No causes provided
    No populations provided
    –
    –
Programs
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