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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
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Grants
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Total Given
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Assets
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Total Given
$75K
John J Mcardle Iii & Joan C Mcardle
ANDOVER, MA
Assets
$1.8M
Grants
13
Total Given
$205K
Massachusetts Association of Realtors
FOXBOROUGH, MA
Assets
$18.1M
Grants
2
Total Given
$71K
Communities for Restorative Justice
BOSTON, MA
Assets
$524K
Grants
1
Total Given
$61K
Hingham Historical Society Inc
HINGHAM, MA
Assets
$7.4M
Grants
1
Total Given
$10K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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