Overview
What is Local Enterprise Assistance Fund?
The Local Enterprise Assistance Fund, often referred to as LEAF, is a nonprofit organization situated in Boston, Massachusetts. Its primary mission is to promote human and economic development by providing low-cost financing and development assistance to worker-owned cooperatives and community-based businesses. LEAF focuses on companies with a commitment to healthy food products, empowering low-income individuals to start and manage their businesses, environmental concerns, job training and placement for low-income workers, and community cooperatives that create employment opportunities. As a Community Development Financial Institution, LEAF offers financing and technical assistance to help these businesses thrive, thereby contributing to job creation and preservation in the community.
Official website here: www.leaffund.org
Is Local Enterprise Assistance Fund legitimate?
Local Enterprise Assistance Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local Enterprise Assistance Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $883,364
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Local Enterprise Assistance Fund?
The Local Enterprise Assistance Fund, serving as a non-profit community development financial institution, is committed to advancing human and economic development. It achieves this mission by offering affordable financing and development assistance to worker-owned cooperatives and community-owned businesses. The organization's primary goal is to support businesses that focus on areas such as healthy food products, empowering low-income individuals to establish and manage their own enterprises, initiatives that show concern for the environment, employment training and placement for low-income workers, and community cooperatives that create jobs.
Official website here: www.leaffund.org
Who is the CEO of Local Enterprise Assistance Fund?
Gerardo Espinoza is the Director & Chairperson of Local Enterprise Assistance Fund.
Official website here: www.leaffund.org
What is the revenue of Local Enterprise Assistance Fund?
Local Enterprise Assistance Fund's revenue in 2022 was $8,343,201.
Official website here: www.leaffund.org
Who are the executives of Local Enterprise Assistance Fund and what are their salaries?
The average compensation at Local Enterprise Assistance Fund during 2022 was $110,420. There are 8 employees at Local Enterprise Assistance Fund.
Here are 10 key members and their salaries:
- Gerardo Espinoza Director (Leaf Executive Director)
- Amine Benali Director (Leaf Managing Director)
- Jose Luis Rojas Director (Leaf Chief Operating Offic)
- Christine Clamp (Director & Chairperson)
- Damilola Odetola (Director & Treasurer)
- Alexander Pyle (Director & Clerk)
- David Hammer (Director)
- Shelley Miller (Director)
- Kerwin Tesdell (Director)
- Betsy Cowan-Neptune (Director)
Official website here: www.leaffund.org
Where can I find the form 990 for Local Enterprise Assistance Fund?
The Local Enterprise Assistance Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.leaffund.org
Learn more at the official website: www.leaffund.org
Mission Statement of Local Enterprise Assistance Fund
The Local Enterprise Assistance Fund, as a non-profit community development financial institution, is committed to promoting human and economic development. They achieve this by offering low-cost financing and development assistance to employee-owned and community-based businesses. The mission of this organization is to create and save jobs by supporting enterprises that focus on several key areas.
Firstly, Local Enterprise Assistance Fund prioritizes businesses that specialize in healthy food products. By backing these ventures, they contribute to the improvement of overall health in communities. Secondly, they are dedicated to empowering low-income individuals to establish and manage their own businesses. This empowerment initiative allows these individuals to gain financial independence and contribute positively to their communities.
Thirdly, Local Enterprise Assistance Fund is concerned with environmental initiatives. They support businesses that demonstrate a dedication to the environment, thereby promoting sustainability and eco-friendly practices. Fourthly, the organization is involved in employment training and placement of low-income workers. By providing these services, they help to reduce unemployment and poverty in communities. Lastly, Local Enterprise Assistance Fund supports community cooperatives that create jobs. These cooperatives foster a sense of community ownership and shared responsibility, contributing to the economic growth and stability of the areas they serve.
Impact
This information is meant to be a general summary of Local Enterprise Assistance Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Local Enterprise Assistance Fund (LEAF) has a significant impact on promoting human and economic development by providing low-cost financing and development assistance to employee-owned and community-based businesses that create and save jobs. LEAF's financing activities focus on companies that produce healthy food products, empower low-income individuals to create and manage their own businesses, demonstrate a concern for the environment, provide employment training and placement for low-income workers, and support community cooperatives that generate jobs. By supporting these types of businesses, LEAF contributes to creating sustainable employment opportunities, fostering economic empowerment, and promoting community development.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST & FEES ON LOA
Revenue
$629,171
Organization Details
Founding Year
1982
Phone
(617) 232-1551
Principal Officer
Gerardo Espinoza
Main Address
386 WESTERN AVENUE, BOSTON, MA, 02135
Website
www.leaffund.org
NTEE Category
Code: J19 - Employment
If you are a representative of Local Enterprise Assistance Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.