EIN 81-0687250

Black Economic Council of Massachusetts (BECMA)

IRS 501(c) type
501(c)(3)
Num. employees
16
City
Year formed
2015
Most recent tax filings
2022-12-01
Description
Black Economic Council of Massachusetts advances the economic well-being of Black businesses, organizations, and residents in Massachusetts through advocacy, business and leadership development, and strategic partnerships. Its back-office support program connects micro and small black-owned businesses with resource providers at no cost to them, including Black accountants, attorneys, digital marketers, and ally companies like DRIF.
Total revenues
$4,157,091
2022
Total expenses
$3,033,740
2022
Total assets
$2,847,852
2022
Num. employees
16
2022

Program areas at BECMA

Supports mass based Black led firms via grants, back-office support, and digital solutions. Advocates for access to adequate & affordable capital, equitable procurement and inclusive workforce development.

Grants made by BECMA

GranteeGrant descriptionAmount
Benjamin Franklin Cummings Institute of Technology (BFIT)Educational Opportunities$75,000

Who funds Black Economic Council of Massachusetts (BECMA)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Rockefeller FoundationToward the Costs of Advancing Access To Commerce, Capital and Technical Assistance for Disadvantaged Businesses and Entrepreneurs in Greater Boston$250,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$207,300
Fidelity FoundationPlanning$175,000
...and 14 more grants received

Personnel at BECMA

NameTitleCompensation
Nicole ObiPresident and Chief Executive Officer$185,209
Oluwasegun IdowuExecutive Director$125,970
Reginald NunnallyDirector$0
Teri WilliamsBoard Chair / President$0
Lamont ClemonsTreasurer$0
...and 2 more key personnel

Financials for BECMA

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,763,976
Program services$393,115
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$4,157,091

Form 990s for BECMA

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-04-20990EZView PDF
2017-122018-08-07990EZView PDF
...and 1 more Form 990
Data update history
July 16, 2024
Received grants
Identified 5 new grant, including a grant for $135,000 from Eastern Bank Foundation (EBCF)
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 1 new personnel
January 3, 2024
Received grants
Identified 7 new grant, including a grant for $250,000 from The Rockefeller Foundation
October 23, 2023
Received grants
Identified 12 new grant, including a grant for $175,000 from Fidelity Foundation
Nonprofit Types
Trade associationsBusiness and community development organizationsCharities
Issues
Crime and lawCommunity improvementEconomic developmentBusiness and industry
Characteristics
Political advocacyPartially liquidatedState / local levelTax deductible donationsAccepts online donations
General information
Address
1 Beacon St 1500
Boston, MA 02108
Metro area
Boston-Cambridge-Newton, MA-NH
County
Suffolk County, MA
Website URL
becma.org/ 
Phone
(857) 308-4623
IRS details
EIN
81-0687250
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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