Overview
What is Calvert Impact Capital Inc?
Calvert Impact Capital Inc, based in Bethesda, Maryland, is a nonprofit organization that facilitates the investment of capital into community development initiatives. By purchasing their Community Investment Notes, investors contribute to a diversified loan pool, aiming to earn both a financial and a social return. The capital raised through these notes directly supports the financing needs of domestic and international community development organizations, projects, funds, and social enterprises. Calvert Impact Capital's mission is to maximize the flow of capital to underserved communities and individuals, contributing to a more equitable and sustainable society. They employ a workforce of 44 individuals in their mission.
Official website here: www.calvertimpactcapital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Calvert Impact Capital Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. With an impressive score of 85 for accountability and 91 in culture and community, the organization demonstrates a commitment to transparency and effective governance. Their high scores in constituent feedback and engagement practices indicate that they prioritize input from those they serve, ensuring their strategies are aligned with community needs.
The organization excels in its financial management, with a program expense ratio of 91.61%, suggesting that a significant portion of its funds is directed towards its mission-driven programs. Additionally, their equity strategies score of 87 signals a dedication to promoting equity within their operational framework. While their liabilities to assets ratio could benefit from improvement, the overall financial health appears to be stable and well-managed.
Despite its strengths, the lower weight given to culture and community (17%) compared to accountability and finance highlights an area for potential growth. Focusing on enhancing their engagement and culture might further enrich their impact within the community. Overall, Calvert Impact Capital Inc stands out for its robust financial practices and commitment to community feedback, making it a reputable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Calvert Impact Capital Inc legitimate?
Calvert Impact Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Calvert Impact Capital 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: $1,326,044
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,380,745
For more financial information, click here
Official website here: www.calvertimpactcapital.org
What is the mission statement of Calvert Impact Capital Inc?
Calvert Impact Capital Inc strives to increase the circulation of capital towards community development organizations that benefit underserved communities and individuals. By doing so, they aim to create a more equitable and sustainable society. The organization raises funds through community investment notes, which function as debt securities. Each investment contributes to a diversified loan pool, with the objective of generating both a financial and social return. The capital gathered from these notes directly supports the financing requirements of domestic and international community development organizations, projects, funds, and social enterprises.
Official website here: www.calvertimpactcapital.org
Who is the CEO of Calvert Impact Capital Inc?
Jennifer Pryce is the President & Ceo of Calvert Impact Capital Inc. The CEO's salary of Calvert Impact Capital Inc is $505,167 and their total compensation is $539,109.
Official website here: www.calvertimpactcapital.org
What is the revenue of Calvert Impact Capital Inc?
Calvert Impact Capital Inc's revenue in 2022 was $30,134,256.
Official website here: www.calvertimpactcapital.org
Who are the executives of Calvert Impact Capital Inc and what are their salaries?
The average compensation at Calvert Impact Capital Inc during 2022 was $129,700. There are 44 employees and 16 volunteers at Calvert Impact Capital Inc.
Here are 24 key members and their salaries (Calvert Impact Capital Inc's CEO's salary is $505,167 and their total compensation is $539,109):
- Compensation: $505,167
- Related: $0
- Other: $33,942
- Compensation: $417,578
- Related: $0
- Other: $33,145
- Compensation: $311,899
- Related: $0
- Other: $24,313
- Compensation: $294,495
- Related: $0
- Other: $21,202
- Compensation: $279,013
- Related: $0
- Other: $23,979
- Compensation: $272,479
- Related: $0
- Other: $27,681
- Compensation: $267,399
- Related: $0
- Other: $31,894
- Compensation: $199,291
- Related: $0
- Other: $12,159
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Official website here: www.calvertimpactcapital.org
Where can I find the form 990 for Calvert Impact Capital Inc?
Calvert Impact Capital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.calvertimpactcapital.org
Learn more at the official website: www.calvertimpactcapital.org
Mission Statement of Calvert Impact Capital Inc
Calvert Impact Capital, Inc., a mission-driven organization, strives to maximize the circulation of capital towards community development initiatives in underserved areas. By doing so, Calvert Impact Capital aims to create a more equitable and sustainable society for communities and individuals. The capital raised through Calvert Impact Capital's Community Investment Notes functions as debt securities, serving to channel investor funds towards high-impact community development projects. Each dollar invested in these notes contributes to a diversified loan pool with the objective of earning both a financial and a social return. The capital directly supports the financing requirements of a range of domestic and international community development organizations, projects, funds, and social enterprises.
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Impact
October, 2024
Calvert Impact Capital Inc plays a pivotal role in channeling investment towards community development organizations aimed at uplifting underserved communities and individuals. By utilizing Community Investment Notes, the organization enables investors to contribute capital that supports high-impact initiatives while also ensuring a potential financial return. Each dollar invested goes into a diversified loan pool specifically dedicated to financing the needs of various social enterprises, projects, and funds, both domestically and internationally. This approach not only fosters economic growth but also advances equity and sustainability, thereby creating a more inclusive society. Through these efforts, Calvert Impact Capital is significantly enhancing access to essential resources for communities that need it the most.
This information is meant to be a general summary of Calvert Impact Capital 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: $3,182,326
- Program Service Revenue: $21,995,540
- Gross Receipts: $64,655,756
Assets and Liabilities:
- Total Assets: $659,345,445
- Total Liabilities: $621,620,549
- Net Assets: $37,724,896
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CALVERT COMMUNITY INVESTMENTS
Revenue
$21,995,540
Organization Details
Founding Year
1988
Phone
(800) 248-0337Principal Officer
Jennifer Pryce
Main Address
7550 WISCONSIN AVENUE 8TH FLOOR, BETHESDA, MD, 20814
Website
www.calvertimpactcapital.orgNTEE Category
Code: S300 - Community improvement
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