From public IRS filings
LOCAL ENTERPRISE ASSISTANCE FUND INC
BOSTON, MA · Employment
Mission
NON-PROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION PROVIDING LOW COST FINANCING AND TECHNICAL ASSISTANCE TO WORKER-OWNED COOPERATIVES AND COMMUNITY-OWNED BUSINESSES.
Financials (IRS Form 990)
Total revenue
$5.2M
Total expenses
$4.3M
Total assets
$31.1M
Program expense ratio
78%
Source: IRS Form 990, tax year 2023.
Who funds LOCAL ENTERPRISE ASSISTANCE FUND INC
$3.1M in foundation grants on record from 10 funders — matched from IRS 990 grant line items. Some matches may be approximate.
| Funder | Total given | Grants |
|---|---|---|
| Boston Foundation | $1.2M | 6 |
| Opportunity Finance Network | $500K | 1 |
| Jpmorgan Chase Foundation | $400K | 1 |
| Wagner Foundation | $300K | 3 |
| Belle Jar Foundation | $250K | 1 |
| Blackbaud Giving Fund | $200K | 2 |
| Trinity Health | $191K | 1 |
| Eastern Bank Foundation | $50K | 1 |
| Lydia B Stokes Foundation | $10K | 1 |
| Webster Bank Charitable Foundation | $10K | 1 |
Leadership
GERARDO ESPINOZA — EXECUTIVE DIRECTOR (Principal officer)
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