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  4. Local Enterprise Assistance Fund (LEAF)
EIN 04-2763724

Local Enterprise Assistance Fund (LEAF)

IRS 501(c) type
501(c)(3)
Num. employees
12
City
Boston
State
Massachusetts
Year formed
1982
Most recent tax filings
2023-05-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
LEAF provides low-cost financing and development assistance to community-owned businesses and worker-owned cooperatives, prioritizing healthy foods and environmental initiatives.
Total revenues
$3,524,747
2023
Total expenses
$2,918,153
2023
Total assets
$26,238,896
2023
Num. employees
12
2023

Program areas at LEAF

Leaf's financing activities are directed towards companies that have the following focus:1) healthy food products;2) empowerment of low-income persons to create and manage their own business;3) initiatives that demonstrate concern for the emviroment;4) employement training and placement of low-income workers; and5) community cooperatives that create jobs.

Grants made by LEAF

GranteeGrant descriptionAmount
Eastie FarmGrant To Support Activities of Organization$12,500

Who funds Local Enterprise Assistance Fund (LEAF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Opportunity Finance Network (OFN)Ofn Cdfi Tech Grant Program Supported By Google.org$500,000
The Boston Foundation (TBF)Operating Support/annual Fund$307,500
Wagner FoundationGeneral Operating Support$100,000
...and 2 more grants received

Personnel at LEAF

NameTitleCompensation
Jose Luis RojasChief Operating Officer
Carol Ann McAuliffeChief Financial Officer
Amine BenaliManaging Director , Strategy and Development
Gerardo EspinozaExecutive Director
Alex PyleBoard Member
...and 13 more key personnel

Financials for LEAF

RevenuesFYE 05/2023
Total grants, contributions, etc.$2,529,240
Program services$786,751
Investment income and dividends$208,756
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$3,524,747

Form 990s for LEAF

Fiscal year endingDate received by IRSFormPDF link
2023-052024-04-17990View PDF
2022-052023-05-04990View PDF
2021-052022-04-19990View PDF
2020-052022-03-22990View PDF
2019-052019-12-30990View PDF
...and 8 more Form 990s
Data update history
July 14, 2024
Received grants
Identified 4 new grant, including a grant for $307,500 from The Boston Foundation (TBF)
May 19, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Updated personnel
Identified 2 new personnel
December 31, 2023
Received grants
Identified 1 new grant, including a grant for $100,000 from Wagner Foundation
December 19, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsCharities
Issues
HealthCommunity improvementPublic policyEconomic development
Characteristics
Receives government fundingTax deductible donationsAccepts online donations
General information
Address
386 Western Ave
Boston, MA 02135
Metro area
Boston-Cambridge-Newton, MA-NH
County
Suffolk County, MA
Website URL
leaffund.org/ 
Phone
(617) 232-1551
IRS details
EIN
04-2763724
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1982
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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