BECMA'S MISSION IS TO ADVANCE THE ECONOMIC WELL-BEING OF BLACK BUSINESSES, ORGANIZATIONS, AND RESIDENTS IN MASSACHUSETTS THROUGH ADVOCACY, BUSINESS AND LEADERSHIP DEVELOPMENT, AND STRATEGIC PARTNERSHIPS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.2M
+22.7% YoY
Annual Giving
$305K
-22.5% YoY
Grant Count
28
+0.0% YoY
Avg Grant Size
$11K
-22.5% YoY
About Black Economic Council of Massachusetts
Based on IRS filings
Black Economic Council of Massachusetts is a nonprofit organization focused on Social Science, based in ROXBURY CROSSING, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.2M in total assets. In 2024, it awarded 28 grants totaling $305K. Net investment income was $43K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,202,825 | $3,424,866 | $2,847,852 |
| Revenue | $5,845,824 | $4,360,772 | $4,157,091 |
| Expenses | $5,249,760 | $4,850,732 | $3,033,740 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $42,871 | $8,125 | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Butterfly Falafel ($20,000), Bar and Kitchen Hospitality Inc ($20,000), Logwood Company Llc S-corp ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AFFECTUS STRATEGIES INC BOSTON, MA | BACK OFFICE SUPPORT SERVICES | $7,500 |
| L & M HOSPITALITY GROUP SPRINGFIELD, MA | BACK OFFICE SUPPORT SERVICES | $10,000 |
| JGJ DESIGNS BOSTON, MA | BACK OFFICE SUPPORT SERVICES | $8,425 |
| INTRIGUING HAIR LLC BOSTON, MA | BACK OFFICE SUPPORT SERVICES | $10,000 |
| GOURMET KITCHEN REVERE, MA | BACK OFFICE SUPPORT SERVICES | $10,000 |
| FIRST SEED SOWN SALES AND MARKETING LLC MALDEN, MA | BACK OFFICE SUPPORT SERVICES | $10,000 |
| THE WILLIAMS AGENCY CAMBRIDGE, MA | BACK OFFICE SUPPORT SERVICES | $10,000 |
| CARING MEDICAL STAFFING LLC CHICOPEE, MA | BACK OFFICE SUPPORT SERVICES | $10,000 |
| BUTTERFLY FALAFEL BOSTON, MA | BACK OFFICE SUPPORT SERVICES | $20,000 |
| MALCOLM CONTRACTING SERVICES LLC DORCHESTER, MA | BACK OFFICE SUPPORT SERVICES | $17,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NICOLE OBI | PRESIDENT AND CEO | 40 | $280,664 |
| LAMONT CLEMONS | TREASURER | 1 | — |
| CHIDERAH OKOYE | CLERK | 1 | — |
| CHARRAN FISHER | DIRECTOR | 1 | — |
| DALIDA ROCHA | DIRECTOR (THRU JULY 2024) | 1 | — |
| GARY EVEE | DIRECTOR (THRU DECEMBER 2024) | 1 | — |
| HERBY DUVERNE | BOARD CHAIR | 1 | — |
| MICHELE COURTON BROWN | DIRECTOR | 1 | — |
| KEITH CHANEY | DIRECTOR (THRU JULY 2024) | 1 | — |
| CAROLE MONTGOMERY | DIRECTOR (THRU MARCH 2024) | 1 | — |
| HILINA D AJAKAIYE | DIRECTOR | 1 | — |
| DAREN BASCOME | DIRECTOR | 1 | — |
| DANA MENDENHALL | DIRECTOR | 1 | — |
| TOM SANDS | DIRECTOR | 1 | — |
| KRYSTAL CUMMINGS | CHIEF OF PEOPLE AND CULTURE | 40 | $123,005 |
| MACKENSON CHARLES | CHIEF OF MEMBERSHIP PROGRAMS | 40 | $117,068 |
| TRACYE WHITFIELD | DIRECTOR OF CEE PROGRAM | 40 | $135,545 |
| XAVIER ANDREWS | CHIEF OF COMMUNICATIONS & MARKETING | 40 | $131,534 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Black Economic Council of Massachusetts?
Black Economic Council of Massachusetts is a nonprofit organization focused on Social Science, based in ROXBURY CROSSING, MA. It holds $4.2M in total assets as of 2024.
How large is Black Economic Council of Massachusetts?
As of 2024, Black Economic Council of Massachusetts holds $4.2M in total assets with $5.8M in annual revenue. It awarded 28 grants totaling $305K in 2024.
Where does Black Economic Council of Massachusetts operate?
Black Economic Council of Massachusetts has awarded grants in Massachusetts.
What size grants does Black Economic Council of Massachusetts award?
In 2024, Black Economic Council of Massachusetts awarded 28 grants totaling $305K — an average of about $11K per grant, based on its IRS Form 990 filings.
What is Black Economic Council of Massachusetts's EIN?
Black Economic Council of Massachusetts's EIN (Employer Identification Number) is 81-0687250. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Black Economic Council of Massachusetts's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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