Overview
What is Bclf Ventures Inc?
Bclf Ventures Inc, headquartered presumably in Boston, is a nonprofit organization that has established a Venture Fund. The primary objective of this fund is to grant equity investments in promising businesses. These businesses not only aim for financial success but also strive to generate positive social and environmental impacts. By doing so, Bclf Ventures Inc contributes to a holistic approach that benefits various sectors of society. This venture capital approach is a testament to their commitment to community development.
Official website here: www.bluehubcapital.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Bclf Ventures Inc has received an 81% rating, signifying a strong performance in accountability and finance, which forms the basis of its overall score. The organization demonstrates a solid governance structure, with an independent board composed entirely of members, and has effectively maintained oversight through audits and financial management practices.
Strengths include a high program expense ratio of 84.17%, indicating that a significant portion of its expenses are directed toward its programs, which is a positive sign for donors looking for impactful giving. The organization upholds various policies such as conflict of interest and whistleblower protections, which contribute to its accountable operational framework.
However, while the organization's financial management appears robust, it is important for potential supporters to consider the high salaries of key personnel, which could raise questions about resource allocation. Overall, Bclf Ventures Inc presents itself as a reliable nonprofit with strong governance and financial practices, although transparency regarding executive compensation may be an area for further inquiry.
This AI summary has been generated from information found on Charity Navigator.
Is Bclf Ventures Inc legitimate?
Bclf Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bclf Ventures Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $444,546
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,000,578
For more financial information, click here
Official website here: www.bluehubcapital.org
What is the mission statement of Bclf Ventures Inc?
Bclf Ventures Inc, through their Venture Fund, is committed to investing in high-potential businesses. This venture capital organization seeks to create a triple bottom line impact, including financial, social, and environmental returns. By supporting these businesses, Bclf Ventures Inc aims to contribute positively to the community while also generating profitable returns.
Official website here: www.bluehubcapital.org
Who is the CEO of Bclf Ventures Inc?
Lisa Zappala is the Ceo & Ex-Officio Board Member of Bclf Ventures Inc. The CEO's salary of Bclf Ventures Inc is $319,254 and their total compensation is $1,007,926.
Official website here: www.bluehubcapital.org
What is the revenue of Bclf Ventures Inc?
Bclf Ventures Inc's revenue in 2022 was $7,927,140.
Official website here: www.bluehubcapital.org
Who are the executives of Bclf Ventures Inc and what are their salaries?
The average compensation at Bclf Ventures Inc during 2022 was $28,902. There are 50 employees and 9 volunteers at Bclf Ventures Inc.
Here are 19 key members and their salaries (Bclf Ventures Inc's CEO's salary is $319,254 and their total compensation is $1,007,926):
- Compensation: $319,254
- Related: $478,880
- Other: $209,792
- Compensation: $0
- Related: $352,707
- Other: $136,548
- Compensation: $0
- Related: $126,776
- Other: $106,440
- Compensation: $0
- Related: $277,073
- Other: $48,554
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $61,409
- Related: $245,637
- Other: $109,828
- Compensation: $36,573
- Related: $207,243
- Other: $55,224
- Compensation: $0
- Related: $238,710
- Other: $15,203
- Compensation: $0
- Related: $223,889
- Other: $39,086
- Compensation: $0
- Related: $215,611
- Other: $64,137
- Compensation: $0
- Related: $231,098
- Other: $16,968
Official website here: www.bluehubcapital.org
Where can I find the form 990 for Bclf Ventures Inc?
Bclf Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bluehubcapital.org
Learn more at the official website: www.bluehubcapital.org
Mission Statement of Bclf Ventures Inc
Bclf Ventures Inc, as a community venture capital entity, is dedicated to its mission. This mission revolves around providing equity investments to high-potential businesses that can generate both financial and societal benefits, as well as environmental improvements. By investing in such enterprises, Boston Community Capital, the organization behind Bclf Ventures Inc, aims to foster growth in businesses that can bring about positive change in their communities. This approach allows Bclf Ventures Inc to contribute to the economic development of its target areas, while also promoting sustainable practices and social advancement.
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Impact
July, 2024
Bclf Ventures Inc, through its Community Venture Capital activity, is making a significant impact in Boston by providing equity investments in high-potential businesses that not only generate financial returns but also contribute to social and environmental causes. Their focus on investing in businesses that create a positive ripple effect in the community, particularly in areas like housing, is helping to drive positive change and sustainable development in Boston, MA.
This information is meant to be a general summary of Bclf Ventures Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $236,628
- Program Service Revenue: $4,616,949
- Gross Receipts: $7,927,140
Assets and Liabilities:
- Total Assets: $91,889,237
- Total Liabilities: $61,305,874
- Net Assets: $30,583,363
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$4,246,197
LOAN FEES
Revenue
$333,243
MANAGEMENT FEES
Revenue
$37,509
Organization Details
Founding Year
1994
Phone
(617) 427-8600Principal Officer
Lisa Zappala
Main Address
10 MALCOLM X BOULEVARD, BOSTON, MA, 02119
Website
www.bluehubcapital.orgNTEE Category
Code: L82 - Housing
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