Black Impact Community Fund Inc logo

Black Impact Community Fund Inc

Public charity · Grantmaker Los Angeles, CA EIN: 85-3525884 Website

To address racial wealth and technological inequality by providing underserved communities and marginalized groups with educational programs, career support and other resources like financial counseling that will help them build the skills to decrease multigenerational poverty and build generational wealth.

Key facts about Black Impact Community Fund Inc

In short: Black Impact Community Fund Inc gave $389K across 5 grants in 2024 (avg $78K), mostly in California. Source: 2024 IRS Form 990.

EIN
85-3525884
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$388,688
Grants made (2024)
5
Average grant
$77,738
Median grant
$10,000
Total assets
$339,569
Primary geography
California (100% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$340K

-48.1% YoY

Annual Giving

$389K

+236.5% YoY

Grant Count

5

+0.0% YoY

Avg Grant Size

$78K

+236.5% YoY

About Black Impact Community Fund Inc

Based on IRS filings

Black Impact Community Fund Inc is a public charity focused on Human Services, based in Los Angeles, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $340K in total assets. In 2024, it awarded 5 grants totaling $389K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 5 itemized grants.

Cities

Los AngelesBurbankBrooklyn

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K0 grants2021 1 grant2022 5 grants2023 5 grants2024

From 2022 to 2024, annual grant giving ranged from $13K (2022) to $389K (2024). In 2024 it made 5 grants totaling $389K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Sola Foundation: $334KSola Foundation$334KHollyrod Foundation: $25KHollyrod Foundation$25KThinkwatts Foundation: $10KThinkwatts Foundation$10KShe Ready Foundation: $10KShe Ready Foundation$10KCoalition for Responsible Community Development: $10KCoalition for ResponsibleCommunity Development$10K

The largest 2024 recipient was Sola Foundation ($334K). Together the top 5 received $389K.

Grant Size Distribution

11 grants across all recorded years

9<$50K1$50–100K$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 9 grants of 11 (82%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Sola Foundation Los Angeles, CAYouth Development$333,688
Hollyrod Foundation Los Angeles, CATo assist with the pathways to home ownership program and support operations$25,000
Thinkwatts Foundation Los Angeles, CAYouth Development$10,000
She Ready Foundation Burbank, CAFinancial Literacy Programs, Supplies for Students$10,000
Coalition for Responsible Community Development Los Angeles, CADonation for Pro Bono Legal Services$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
$0$200K$400K$600K2021 2022 2023 2024
Metric202420232022
Total Assets$339,569$654,809$454,961
Revenue$150,180$479,139$530,164
Expenses$465,420$190,157$76,203

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2022 (received by the IRS October 3, 2023)
  2. Updated Form 990 for fiscal year 2023 (received by the IRS October 21, 2024)
  3. Updated Form 990 for fiscal year 2024 (received by the IRS October 29, 2025)
  4. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

Black Impact Community Fund Inc is led by Sherri Francois, President & Executive Director since 2024 (on filings since 2021); none of the 5 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Sherri Francois

    President & Executive Director

    Chairman → President, 2023

    President → President & Executive Director, 2024

    On filings since 2021

    3 hrs/week

    No compensation reported

  • Martin Muoto

    Chairman

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • Mike Mahurin

    General Counsel

    Secretary & General Counsel → General Counsel, 2024

    On filings since 2022

    1 hr/week

    No compensation reported

  • Dan Stillwell

    Treasurer

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • Shirley Montalvo

    Secretary

    New on the 2024 filing

    1 hr/week

    No compensation reported

Former officers (14)
  • Former: Joe El Rady (2022–2023) — CFO
  • Former: William O'Neil (2022–2023) — Director of Capital Market
  • Former: Devin Wagman (2021–2022) — Board Member
  • Former: Michael Tubbs (2021–2022) — Executive Director
  • Former: Adlai Wertman (2022) — Advisory Board Member
  • Former: Alfonozo Coasta (2022) — Board Member
  • Former: Arabian Price (2022) — Advisory Board Member
  • Former: Jade Lovine (2022) — Advisory Board Member
  • Former: James Lee Sorenson (2022) — Board Member
  • Former: Lisa Kang (2022) — Advisory Board Member
  • Former: Malcolm Rivera (2022) — President
  • Former: Alfonso Costa (2021) — Director
  • Former: Daniel Rosove (2021) — Director
  • Former: Heather Mitchell (2021) — Secretary

Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Black Impact Community Fund Inc

How much does Black Impact Community Fund Inc give each year?

Black Impact Community Fund Inc gave $389K across 5 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $116K across 5 grants.

What is Black Impact Community Fund Inc's typical grant size?

Black Impact Community Fund Inc's median grant in 2024 was $10,000, and its average grant was $77,738, across 5 grants on its 2024 IRS Form 990.

Where does Black Impact Community Fund Inc give grants?

Black Impact Community Fund Inc gives mostly in California: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Los Angeles, CA (4 grants).

Does Black Impact Community Fund Inc give general operating support?

Not in 2024: none of the 5 grants with a stated purpose on Black Impact Community Fund Inc's 2024 IRS Form 990 were described as general or operating support.

Who are Black Impact Community Fund Inc's largest grantees?

Black Impact Community Fund Inc's largest 2024 grantees include Sola Foundation ($333,688), Hollyrod Foundation ($25,000) and Thinkwatts Foundation ($10,000), according to its 2024 IRS Form 990. Together they received 95% of its itemized 2024 grant dollars.

How large is Black Impact Community Fund Inc?

Black Impact Community Fund Inc reported $340K in total assets on its 2024 IRS Form 990. Its revenue that year was $150K.

What is Black Impact Community Fund Inc?

Black Impact Community Fund Inc is a public charity focused on Human Services, based in Los Angeles, CA. It holds $340K in total assets as of 2024.

What is Black Impact Community Fund Inc's EIN?

Black Impact Community Fund Inc's EIN (Employer Identification Number) is 85-3525884. IRS Form 990 filing data is available on this page for 2021–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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