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EIN 81-4320957

Black Cooperative Impact Fund

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Los Angeles
State
California
Year formed
2016
Most recent tax filings
2023-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
The Black Cooperative Impact Fund offers microloans to the Black community utilizing pooled dollars and promotes economic empowerment, equity, and wealth building through cooperative economics. The organization raises awareness about the importance of these values, with a particular focus on SoC, through hosting virtual salons, participating in panels for convenings, and raising funds to increase their pool of funds for microloans.
Also known as...
Black Cooperative Investment Fund
Total revenues
$332,956
2023
Total expenses
$255,357
2023
Total assets
$563,765
2023
Num. employees
1
2023

Program areas at Black Cooperative Impact Fund

Promoted the importance of economic empowerment in addressing the racial wealth gap through activities such as hosting a virtual salon, participating on several panels for convening, and raising funds to build the pool of funds to deploy as microloans to Southern California based Black owned businesses.

Who funds Black Cooperative Impact Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
California Community FoundationRacial Justice$50,000
The California EndowmentAddressing Community Needs in Health and Equity: To Create Social Change and Health Equity for the Black Community in Southern California Through the Primary Strategy of Building Assets and Wealth.$25,000
American Online Giving FoundationGeneral Support$21,112
...and 3 more grants received

Personnel at Black Cooperative Impact Fund

NameTitleCompensation
Robert LewisPresident$0
Melanie MackBoard Member$0
Jeffrey MuirTreasurercfo$0

Financials for Black Cooperative Impact Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$332,121
Program services$835
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$332,956

Form 990s for Black Cooperative Impact Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-18990View PDF
2022-122023-05-02990View PDF
2021-122022-07-28990View PDF
2020-122021-05-25990View PDF
2019-122021-06-01990View PDF
...and 4 more Form 990s
Data update history
October 21, 2024
Used new vendors
Identified 1 new vendor, including
July 12, 2024
Received grants
Identified 1 new grant, including a grant for $50,000 from California Community Foundation
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $25,000 from The California Endowment
July 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsCharities
Issues
Human servicesCommunity improvementAfrican AmericansJobs and employmentEconomic development
Characteristics
Tax deductible donationsAccepts online donations
General information
Address
6080 Ctr Dr 6th Floor
Los Angeles, CA 90045
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
bcifund.org/ 
Phone
(310) 904-6336
IRS details
EIN
81-4320957
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2016
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
Independent
California AB-488 details
AB 488 status
May Not Operate or Solicit for Charitable Purposes
Charity Registration status
Delinquent
FTB status revoked
Not revoked
AG Registration Number
CT0259274
FTB Entity ID
3956534
AB 488 data last updated ("as-of") date
2024-10-16
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