Black Impact Community Fund Inc
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.
Black Impact Community Fund Inc at a glance
In short: Black Impact Community Fund Inc gave $389K across 5 grants in 2024 (avg $78K), mostly in California. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $388,688
- +236.5% vs 2023
- Grants made (2024)
- 5
- +0.0% vs 2023
- Average grant
- $77,738
- +236.5% vs 2023
- Median grant
- $10,000
- Total assets
- $339,569
- -48.1% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Black Impact Community Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Sola Foundation ($334K). Together the top 5 received $389K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 9 grants of 11 (82%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $13K (2022) to $389K (2024). In 2024 it made 5 grants totaling $389K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sola Foundation Los Angeles, CA | Youth Development | $333,688 |
| Hollyrod Foundation Los Angeles, CA | To assist with the pathways to home ownership program and support operations | $25,000 |
| Thinkwatts Foundation Los Angeles, CA | Youth Development | $10,000 |
| She Ready Foundation Burbank, CA | Financial Literacy Programs, Supplies for Students | $10,000 |
| Coalition for Responsible Community Development Los Angeles, CA | Donation for Pro Bono Legal Services | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2024 | $339,569 | $150,180 | $465,420 | $388,688 | 5 |
| 2023 | $654,809 | $479,139 | $190,157 | $115,523 | 5 |
| 2022 | $454,961 | $530,164 | $76,203 | $12,500 | 1 |
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
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.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS October 3, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 21, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 29, 2025)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work Black Impact Community Fund Inc funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Black Impact Community Fund Inc's focus areas in our free grants database
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