Local Enterprise Assistance Fund
LEAF'S MISSION IS TO PROMOTE HUMAN AND ECONOMIC DEVELOPMENT BY PROVIDING FINANCING AND DEVELOPMENT ASSISTANCE TO COOPERATIVES AND SOCIAL PURPOSE VENTURES THAT CREATE AND RETAIN JOBS FOR LOW-INCOME PEOPLE.
Key facts about Local Enterprise Assistance Fund
- EIN
- 04-2763724
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $318,577
- Grants made (2025)
- 16
- Average grant
- $19,911
- Median grant
- $22,246
- New grantees (estimate)
- 94% first-time grantees (15 of 16, 2025)
- Total assets
- $34,477,645
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Local Enterprise Assistance Fund funds
By grant dollars, the top recipient states for Local Enterprise Assistance Fund's 16 itemized 2025 grants were Massachusetts (100%). The most frequent recipient cities were Brockton, MA (2 grants). None of its 16 grants with a stated purpose were described as general or operating support. Recurring purposes include "Grant to Support Activities of Organization" (16 grants).
Is Local Enterprise Assistance Fund open to new grantees?
94%
first-time grantees, 2025
In 2025, 15 of 16 grantees (94%) were first-time recipients. First grants averaged $21K; repeat grants $8K. How we count
Medians: $22K first-time, $8K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Local Enterprise Assistance Fund
- How to evaluate Local Enterprise Assistance Fund as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Local Enterprise Assistance Fund with AI
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- Track this opportunity in a free grant tracker
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$34.5M
+10.7% YoY
Annual Giving
$319K
+305.5% YoY
Grant Count
16
+220.0% YoY
Avg Grant Size
$20K
+26.7% YoY
About Local Enterprise Assistance Fund
Based on IRS filings
Local Enterprise Assistance Fund is a nonprofit organization focused on Employment, based in Boston, MA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $34.5M in total assets. In 2025, it awarded 16 grants totaling $319K. Net investment income was $225K.
Focus Areas
Ready to take the next step with Local Enterprise Assistance Fund?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 16 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $34,477,645 | $31,143,770 | $26,238,896 |
| Revenue | $5,593,085 | $5,216,398 | $3,524,747 |
| Expenses | $5,172,487 | $4,323,969 | $2,918,153 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $224,660 | $277,627 | $208,756 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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 2025
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Boathouse Bistro LLC ($25,000), The Boston Foundation ($25,000), Vicente's New Bedford LLC ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOATHOUSE BISTRO LLC North Weymouth, MA | GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION | $25,000 |
| THE BOSTON FOUNDATION Boston, MA | GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION | $25,000 |
| VICENTE'S NEW BEDFORD LLC Brockton, MA | GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION | $25,000 |
| MERENGUE RESTAURANT AND CATERING Roxbury, MA | GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION | $22,527 |
| CAITLYN FONTES - TWO SISTERS (NAME OF RESTAURANT) East Freetown, MA | GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION | $22,500 |
| MICHAEL AGRICOLA LLC Lawerance, MA | GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION | $22,500 |
| RINCON LIMENO REVERE INC Revere, MA | GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION | $22,500 |
| LENZI'S CATERING Dracut, MA | GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION | $22,492 |
| ELLEN WILSON DBA FREE RANGERS FARM Carver, MA | GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION | $22,000 |
| DIEUDONNE LEAN DBA DEE'S DELUX CARIBBEAN Brockton, MA | GRANT TO SUPPORT ACTIVITIES OF ORGANIZATION | $21,700 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Gerardo Espinoza Director | Executive Director | 40 | $200,070 |
| Christopher Hunter Director | Advisory Service Dire | 40 | $166,658 |
| Fatiha Ainane | Senior Financial Anal | 40 | $130,809 |
| Matthew Pires | Financial Analyst | 40 | $118,880 |
| Damilola Odetola | Director & Treasurer | 2 | — |
| Alexander Pyle | Director & Clerk | 2 | — |
| Christine Clamp | Director & Chairperson | 2 | — |
| Terry Lewis | Director | 1 | — |
| David Hammer | Director | 1 | — |
| John Smith | Director | 1 | — |
| Shelley Miller | Director | 1 | — |
| Amine Benali Director | Managing Director | 40 | $183,154 |
| Jose Luis Rojas Director | Chief Lending Officer | 32 | $169,238 |
| Carol Ann McAuliffe | CFO | 40 | $182,962 |
| Virginia Berman | Dir. of Comm. & Marketing | 40 | $124,969 |
| Joshua Glickenhaus | Senior Loan Officer | 40 | $136,154 |
| Mary Wong | Senior Loan Officer | 40 | $125,838 |
| Jordan Browne | Financial Analyst | 40 | $123,349 |
| Alan Singer | Senior Loan Officer | 40 | $118,953 |
| James Louney | Retiring CFO | 40 | $149,751 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Local Enterprise Assistance Fund?
Local Enterprise Assistance Fund is a nonprofit organization focused on Employment, based in Boston, MA. It holds $34.5M in total assets as of 2025.
How large is Local Enterprise Assistance Fund?
As of 2025, Local Enterprise Assistance Fund holds $34.5M in total assets with $5.6M in annual revenue. It awarded 16 grants totaling $319K in 2025.
Where does Local Enterprise Assistance Fund operate?
Local Enterprise Assistance Fund has awarded grants in Massachusetts.
What size grants does Local Enterprise Assistance Fund award?
In 2025, Local Enterprise Assistance Fund awarded 16 grants totaling $319K — an average of about $20K per grant, based on its IRS Form 990 filings.
What is Local Enterprise Assistance Fund's EIN?
Local Enterprise Assistance Fund's EIN (Employer Identification Number) is 04-2763724. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Local Enterprise Assistance Fund's focus areas in our free grants database
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.