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Nonprofiteer
← CALVERT IMPACT INC

Form 990 for tax year 2024

Filed by CALVERT IMPACT INC.

Totals

Total revenue
$8,342,994
Total expenses
$8,888,465
Contributions and grants received
$4,399
Grants paid
$0
Program service revenue
$3,325,556
Investment income
$4,722,609
Other revenue
$290,430
Total assets, end of year
$101,838,581
Total liabilities, end of year
$87,031,689
Net assets or fund balances, end of year
$14,806,892
Program services expenses (Part IX)
$7,442,490
Management and general expenses
$1,287,934
Fundraising expenses
$158,041
Program service expenses (Part III)
$7,442,490

Program services were 83.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,399

  • 2a · Program service revenue: FEE INCOME

    total $3,325,556 · related or exempt $3,325,556

  • 3 · Investment income

    total $4,722,609 · excluded $4,722,609

  • 11d · All other revenue

    total $290,430 · excluded $290,430

  • 11e · Other revenue, total

    $290,430

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $620,681 · program services $456,842 · management and general $134,607 · fundraising $29,232

  • 7 · Other salaries and wages

    total $1,102,242 · program services $811,287 · management and general $239,044 · fundraising $51,911

  • 11b · Fees: legal

    total $624,913 · program services $386,242 · management and general $230,880 · fundraising $7,791

  • 11f · Fees: investment management

    total $292,545 · program services $180,814 · management and general $108,083 · fundraising $3,648

  • 11g · Fees: other

    total $631,007 · program services $480,364 · management and general $135,045 · fundraising $15,598

  • 12 · Advertising and promotion

    total $83,493 · program services $83,437 · management and general $28 · fundraising $28

  • 13 · Office expenses

    total $1,667,013 · program services $1,498,879 · management and general $155,288 · fundraising $12,846

  • 14 · Information technology

    total $9,801 · program services $6,058 · management and general $3,621 · fundraising $122

  • 16 · Occupancy

    total $15,554 · program services $12,776 · management and general $2,500 · fundraising $278

  • 17 · Travel

    total $191,688 · program services $101,745 · management and general $74,426 · fundraising $15,517

  • 19 · Conferences, conventions and meetings

    total $62,730 · program services $22,984 · management and general $38,109 · fundraising $1,637

  • 20 · Interest

    total $1,413,393 · program services $1,390,971 · management and general $11,211 · fundraising $11,211

  • 23 · Insurance

    total $96,659 · program services $33 · management and general $96,626

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $1,498,843 · program services $1,498,843

  • 24b · Other expenses: REGISTRATIONS & COMPLIA

    total $455,276 · program services $410,901 · management and general $41,459 · fundraising $2,916

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $120,177 · program services $100,314 · management and general $14,557 · fundraising $5,306

  • 24d · Other expenses: TAXES & LICENSES

    total $2,450 · management and general $2,450

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,170,220 · end of year $57,760,566

  • 3 · Pledges and grants receivable

    beginning of year $9,343,547 · end of year $4,816,912

  • 4 · Accounts receivable

    beginning of year $76,819 · end of year $881,752

  • 7 · Other notes and loans receivable

    beginning of year $9,313,897 · end of year $30,364,815

  • 9 · Prepaid expenses and deferred charges

    end of year $135,671

  • 12 · Investments: other securities

    beginning of year $384,615 · end of year $327,314

  • 15 · Other assets

    beginning of year $800,527 · end of year $7,551,551

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,045,027 · end of year $2,257,104

  • 18 · Grants payable

    beginning of year $2,951,765 · end of year $1,285,110

  • 24 · Unsecured notes and loans payable

    end of year $18,245,905

  • 25 · Other liabilities

    beginning of year $30,727,827 · end of year $65,243,570

  • 27 · Net assets without donor restrictions

    beginning of year $16,365,006 · end of year $14,806,892

Mission and programs · 2024

Mission

CALVERT IMPACT, INC. WORKS FOR THE BENEFIT OF UNDERSERVED COMMUNITIES AND INDIVIDUALS AND TO ACHIEVE A MORE EQUITABLE AND SUSTAINABLE WORLD BY CREATING, TRANSFORMING AND EXPANDING MARKETS THROUGH INVESTMENT ACTIVITIES AND CAPACITY BUILDING IN FURTHERANCE OF SUCH GOALS.

  • COMMUNITY INVESTMENT NOTE: CALVERT IMPACT CAPITAL REMAINS DEDICATED TO MAKING IMPACT INVESTABLE THROUGH PRODUCTS AND SERVICES THAT CHANGE THE WORLD.

    Expenses $7,442,490 · Revenue $3,325,556

As filed on the 2024 return.

Listed in Part VII

  • Jennifer Pryce

    PRESIDENT & CEO

    Total calculated
    $721,131
    From this org
    $332,077
    From related orgs
    $332,078
    Other
    $56,976
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $266,707 + $266,707 related
    Bonus
    $65,370 + $65,371 related
    Other
    $0
    Deferred
    $13,800 + $13,800 related
    Nontaxable benefits
    $14,688 + $14,688 related
    Filer's total
    $360,565 + $360,566 related

  • Derek Strocher

    CHIEF FINANCIAL OFFICER

    Total calculated
    $520,232
    From this org
    $231,628
    From related orgs
    $231,628
    Other
    $56,976
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $194,128 + $194,128 related
    Bonus
    $37,500 + $37,500 related
    Other
    $0
    Deferred
    $13,800 + $13,800 related
    Nontaxable benefits
    $14,688 + $14,688 related
    Filer's total
    $260,116 + $260,116 related

  • Bart Harvey

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Marino

    VICE CHAIR (INCOMING)

    Total calculated
    $0
    Hours/week
    1

  • Georgina Baker

    DIRECTOR (INCOMING)

    Total calculated
    $0
    Hours/week
    1

  • Aron Betru

    DIRECTOR (INCOMING)

    Total calculated
    $0
    Hours/week
    1

  • Deborah Durand

    DIRECTOR (INCOMING)

    Total calculated
    $0
    Hours/week
    1

  • Grace Eddy

    DIRECTOR (INCOMING)

    Total calculated
    $0
    Hours/week
    1

  • Mario Espinosa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Jennifer Isern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phil Kirshman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eliza Pepper

    DIRECTOR (INCOMING)

    Total calculated
    $0
    Hours/week
    1

  • Decker Rolph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathy Stearns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fern Thomas

    DIRECTOR (INCOMING)

    Total calculated
    $0
    Hours/week
    1

  • Jaime Yordan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CALVERT IMPACT SMALL BUSINESS LLC

    INVESTMENT MANAGEMENT · DE · income $5,302,693 · assets $93,349,999

    Directly controlled by CALVERT IMPACT INC

  • CALVERT IMPACT ADVISORY SERVICES LLC

    INVESTMENT MANAGEMENT · DE · income $1,429,399 · assets $667,088

    Directly controlled by CALVERT IMPACT INC

  • CALVERT IMPACT MDBF LLC

    INVESTMENT MANAGEMENT · DE · income $2,521 · assets $386,702

    Directly controlled by CALVERT IMPACT INC

  • CALVERT IMPACT OTOF LLC

    INVESTMENT MANAGEMENT · DE · income $325,379 · assets $2,539,668

    Directly controlled by CALVERT IMPACT INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • EQUITY FOR IMPACT LP

    INVESTMENT MANAGEMENT · DE

  • FPIF FEEDER FACILITY LP

    INVESTMENT MANAGEMENT · DE

  • IMPACTASSETS FUNDED GUARANTEE

    INVESTMENT MANAGEMENT · DE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • COMMUNITY INVESTMENT PARTNERS INC

    C · PROMOTION OF COMMUNITY INVESTMENT · MD

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523219349301122

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