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EIN 52-1591398

Calvert Impact Capital (CIC)

IRS 501(c) type
501(c)(3)
Num. employees
44
City
Bethesda
State
Maryland
Year formed
1988
Most recent tax filings
2022-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Calvert Impact Capital is a non-profit investment firm that works with investors to move capital into communities around the world. People and institutions invest through their Community Investment Note and syndication service.
Also known as...
Calvert Social Investment Foundation
Total revenues
$30,134,256
2022
Total expenses
$31,119,797
2022
Total assets
$659,345,445
2022
Num. employees
44
2022

Program areas at CIC

Calvert Impact Capital's community investment notes are debt securities that help to channel investor Capital to high-impact community development initiatives. Each and every dollar invested in the note is placed in a diversified loan pool with the objective of earning both a financial and a social return. The Capital raised through the notes directly supports the financing needs of domestic and international community development organizations, projects, funds, and other social enterprises.

Who funds Calvert Impact Capital (CIC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Citi Foundation100x10 for Small Biz Program$5,500,000
Robert Wood Johnson Foundation (RWJF)80413 Leveraging Capital From the Greenhouse Gas Reduction Fund for Investment in the Community Development Finance System and Public Health Infrastructure$472,500
F. B. Heron FoundationProject-Based$75,000
...and 2 more grants received

Personnel at CIC

NameTitleCompensation
Jennifer PrycePresident and Chief Executive Officer$505,167
Derek StrocherChief Financial Officer$417,578
Dina CurtisChief of Staff
Catherine GodschalkVice President , Investments$294,495
Justin ConwayVice President , Investment Partnerships$311,899
...and 14 more key personnel

Financials for CIC

RevenuesFYE 12/2022
Total grants, contributions, etc.$4,951,019
Program services$21,995,540
Investment income and dividends$2,293,230
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$889,096
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$5,371
Total revenues$30,134,256

Form 990s for CIC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-08990View PDF
2021-122022-11-09990View PDF
2020-122021-11-10990View PDF
2019-122021-03-01990View PDF
2018-122020-01-14990View PDF
...and 8 more Form 990s

Organizations like CIC

OrganizationLocationRevenue
Valley PartnersYoungstown, OH$7,559,367
The Reinvestment Fund (TRF)Philadelphia, PA$54,478,225
The national Development councilNew York, NY$35,945,507
Low Income Investment Fund (LIIF)San Francisco, CA$61,156,061
Bluehub Loan FundBoston, MA$22,068,331
I2eOklahoma City, OK$9,581,488
Community Loan Fund of New JerseyNew Brunswick, NJ$18,328,900
Colorado Enterprise Fund (CEF)Denver, CO$16,879,154
Genesis LALos Angeles, CA$29,890,047
Boston Community Capital Venture FundBoston, MA$7,927,140
Data update history
January 29, 2024
Updated personnel
Identified 2 new personnel
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 20, 2024
Updated personnel
Identified 1 new personnel
December 30, 2023
Used new vendors
Identified 1 new vendor, including
December 25, 2023
Received grants
Identified 2 new grant, including a grant for $5,500,000 from Citi Foundation
Nonprofit Types
Business and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Operates donor advised fundsOperates internationallyNational levelReceives government fundingTax deductible donations
General information
Address
7550 Wisconsin Ave 8th Floor
Bethesda, MD 20814
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
Website URL
calvertimpact.org/ 
Phone
(800) 248-0337
Facebook page
calvertimpcap 
Twitter profile
@calvertimpcap 
IRS details
EIN
52-1591398
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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