Calvert Impact Inc
- Assets
- $53.1m
- Revenue
- $9.1m
- Investments
- $384.6k
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- Data as of
- 12/2023
- EIN
- 86-3134806
Organization Overview
Calvert Impact Inc is located in Bethesda, MD. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calvert Impact 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 12/2023, Calvert Impact Inc generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 73.9% each year . All expenses for the organization totaled $5.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A PLATFORM FROM WHICH INVESTMENT ACTIVITIES CAN BE EXPANDED AND ACTIVTIES IN LENDING, STRUCTURING SERVICES, AND NEW PRODUCT DEVELOPMENT CAN BE DIVERSIFIED
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY INVESTMENT NOTE: CALVERT IMPACT CAPITAL REMAINS DEDICATED TO MAKING IMPACT INVESTABLE THROUGH PRODUCTS AND SERVICES THAT CHANGE THE WORLD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Pryce President & CEO | Officer | 1 | $0 |
Derek Strocher Chief Financial Officer | Officer | 1 | $0 |
Bart Harvey Chair | OfficerTrustee | 1 | $0 |
Dr Jennifer Isern Director | Trustee | 1 | $0 |
Mario Espinosa Director | Trustee | 1 | $0 |
Phil Kirshman Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Lewis & Bockius Llp Legal Services | 12/30/23 | $2,196,872 |
Warner Norcross & Judd Llp Legal Services | 12/30/23 | $317,590 |
Desautel Hege Inc Dh Marketing Services | 12/30/23 | $214,999 |
Morningstardbrs Legal Services | 12/30/23 | $194,654 |
Husch Blackwell Consulting Services | 12/30/23 | $153,799 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,000,000 |
| Total Program Service Revenue | $1,728,908 |
| Investment income | $340,816 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,069,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,446,578 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,700,178 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,500 |
| Fees for services: Other | $49,522 |
| Advertising and promotion | $235,959 |
| Office expenses | $399,871 |
| Information technology | $1,600 |
| Royalties | $0 |
| Occupancy | $47,270 |
| Travel | $4,514 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,500 |
| Interest | $185,283 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,888,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,170,220 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,343,547 |
| Accounts receivable, net | $76,819 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,313,897 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $384,615 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $800,527 |
| Total assets | $53,089,625 |
| Accounts payable and accrued expenses | $3,045,027 |
| Grants payable | $2,951,765 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,727,827 |
| Total liabilities | $36,724,619 |
| Net assets without donor restrictions | $16,365,006 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $53,089,625 |