Springfield Business Improvement
Promote development of business and economic activity within the business improvement district in springfield, massachusetts.
Springfield Business Improvement at a glance
In short: Springfield Business Improvement gave $41K across 4 grants in 2025 (avg $10K), mostly in Massachusetts. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $41,235
- -3.5% vs 2024
- Grants made (2025)
- 4
- +33.3% vs 2024
- Average grant
- $10,309
- -27.7% vs 2024
- Median grant
- $9,019
- Total assets
- $2,550,344
- +11.1% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Springfield Business Improvement funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Bella Luna Aesthetics & Welln ($16K). Together the top 4 received $41K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $41K (2025) to $43K (2024). In 2025 it made 4 grants totaling $41K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bella Luna Aesthetics & Welln Springfield, MA | Support Small Business | $15,697 |
| GodUs Boutique Springfield, MA | Support Small Business | $10,300 |
| Flames On Vegan Springfield, MA | Support Small Business | $7,738 |
| Eat Bistro Springfield, MA | Support Small Business | $7,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,550,344 | $1,455,035 | $1,267,007 | $41,235 | 4 | $30,346 |
| 2024 | $2,295,143 | $1,360,533 | $1,090,121 | $42,750 | 3 | $14,669 |
| 2023 | $2,032,775 | $1,312,836 | $1,376,687 | $42,500 | 3 | $12,196 |
| 2022 | $2,233,005 | $1,356,557 | $1,513,322 | — | — | $37,123 |
| 2021 | $2,328,496 | $1,395,180 | $1,310,690 | — | — | $4,918 |
| 2020 | $2,324,383 | $1,494,666 | $1,511,733 | — | — | $18,889 |
About Springfield Business Improvement
Based on IRS filings
Springfield Business Improvement is a public charity focused on Community Improvement & Capacity Building, based in Springfield, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.6M in total assets. In 2025, it awarded 4 grants totaling $41K. Net investment income was $30K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Springfield Business Improvement is led by Michelle Grout, Executive Director on every filing since 2023; 1 of 11 officers listed in 2025 is compensated.
Officers on the 2025 filing
Michelle Grout
Executive Director
On filings since 2023
40 hrs/week
$100K (2024) → $113K (2025)
James Hickson
Chairman
Treasurer → Chairman, 2023
On filings since 2021
2 hrs/week
No compensation reported
Brian Connors
Director
On filings since 2020
1 hr/week
No compensation reported
Evan Plotkin
Director
On filings since 2020
1 hr/week
No compensation reported
Kay Simpson
Director
On filings since 2020
1 hr/week
No compensation reported
Augustine Kim
Director
On filings since 2023
1 hr/week
No compensation reported
Raipher Peligrino
Director
Chairman → Director, 2024
On filings since 2023
1 hr/week
No compensation reported
Sara Smith
Director
On filings since 2023
1 hr/week
No compensation reported
Jeffrey Fialky
Clerk
On filings since 2020
2 hrs/week
No compensation reported
Keith Weppler
Vice Chairman
Vice Chair → Vice Chairman, 2023
On filings since 2020
2 hrs/week
No compensation reported
Paul Marcelina
Treasurer
Director → Treasurer, 2023
On filings since 2020
2 hrs/week
No compensation reported
Former officers (8)
- Former: Paul Lessard (2020–2024) — Director
- Former: Christopher Russell (2020–2023) — Former Executive Director
- Former: Gus Kim (2021–2022) — Director
- Former: Matt McQuire (2021–2022) — Director
- Former: Peter Marks (2021–2022) — Director
- Former: Frank Crinella (2020) — Treasurer
- Former: Fred Christensen (2020) — Director
- Former: Paul Picknelly (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $113K, to Michelle Grout (Executive Dir.).
Frequently asked questions about Springfield Business Improvement
How much does Springfield Business Improvement give each year?
Springfield Business Improvement gave $41K across 4 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $43K across 3 grants.
What is Springfield Business Improvement's typical grant size?
Springfield Business Improvement's median grant in 2025 was $9,019, and its average grant was $10,309, across 4 grants on its 2025 IRS Form 990.
Where does Springfield Business Improvement give grants?
Springfield Business Improvement gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Springfield, MA (4 grants).
Does Springfield Business Improvement give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Springfield Business Improvement's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Support Small Business" (4 grants).
How large is Springfield Business Improvement?
Springfield Business Improvement reported $2.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.5M.
What is Springfield Business Improvement?
Springfield Business Improvement is a public charity focused on Community Improvement & Capacity Building, based in Springfield, MA. It holds $2.6M in total assets as of 2025.
What is Springfield Business Improvement's EIN?
Springfield Business Improvement's EIN (Employer Identification Number) is 04-3428312. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
Explore Open Grants
Browse active grant opportunities in Springfield Business Improvement's focus areas in our free grants database
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Springfield Business Improvement down — hundreds of funders to go?