Calvert Impact Capital Inc

Organization Overview

Calvert Impact Capital Inc is located in Bethesda, MD. The organization was established in 1989. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Calvert Impact Capital Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calvert Impact Capital Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Calvert Impact Capital Inc generated $23.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $25.5m during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Calvert Impact Capital Inc has awarded 208 individual grants totaling $4,122,847. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CALVERT IMPACT CAPITAL, INC. WORKS TO MAXIMIZE THE FLOW OF CAPITAL TO COMMUNITY DEVELOPMENT ORGANIZATIONS FOR THE BENEFIT OF UNDERSERVED COMMUNITIES AND INDIVIDUALS TO ACHIEVE A MORE EQUITABLE AND SUSTAINABLE SOCIETY.

Describe the Organization's Program Activity:

CALVERT IMPACT CAPITAL'S COMMUNITY INVESTMENT NOTES ARE DEBT SECURITIES THAT HELP TO CHANNEL INVESTOR CAPITAL TO HIGH-IMPACT COMMUNITY DEVELOPMENT INITIATIVES. EACH AND EVERY DOLLAR INVESTED IN THE NOTE IS PLACED IN A DIVERSIFIED LOAN POOL WITH THE OBJECTIVE OF EARNING BOTH A FINANCIAL AND A SOCIAL RETURN. THE CAPITAL RAISED THROUGH THE NOTES DIRECTLY SUPPORTS THE FINANCING NEEDS OF DOMESTIC AND INTERNATIONAL COMMUNITY DEVELOPMENT ORGANIZATIONS, PROJECTS, FUNDS, AND OTHER SOCIAL ENTERPRISES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wipfli Llp
Information Technology
$574,156
Johnson Lambert Llp
Accounting Services
$224,137
Warner Norcross & Judd Llp
Legal Services
$134,747
Formative
Website Administration
$163,907
Hero Unit
Nsp Support
$133,910
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$936,047
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$936,047
Total Program Service Revenue$20,737,786
Investment income $470,842
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,089,825
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $23,234,500

Grants Awarded

Over the last fiscal year, Calvert Impact Capital Inc has awarded $325,000 in support to 2 organizations.

Grant RecipientAmount

URBAN LAND CONSERVANCY

Org PageRecipient Profile

Denver, CO

PURPOSE: GENERAL SUPPORT

$250,000

URBAN ADVISORS

PURPOSE: GENERAL SUPPORT

$75,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Calvert Impact Capital Inc has recieved totaling $933,522.

Awarding OrganizationAmount
Cassiopeia Foundation Inc

Charlottesville, VA

PURPOSE: FOR GENERAL OPERATING SUPPORT.

$848,510
F B Heron Foundation

New Milford, CT

PURPOSE: PROJECT-BASED

$75,000
Impactassets Inc

Bethesda, MD

PURPOSE: MICROFINANCE INTERNATIONALLY

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$12
View Grant Recipient Profile

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