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Calvert Impact Capital
Calvert Impact Capital reported $39.5 million in revenue and $30.8 million in expenses for calendar year 2024. Of every $100 it spent, $91.69 went to program services, $7.15 to management and general costs and $1.16 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.3% of the total. The highest compensation it reported for one person was $721,131 (PRESIDENT & CEO). 8 people received more than $100,000 in reportable compensation. Revenue rose 65% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $31MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $39MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.7% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.2% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.2% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.74 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.2% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 95.3% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $721,131 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.34% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 8 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 21.2 | 9.2 |
| Independent voting board members Part VI 1a–1b | 12 of 12 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseCalvert Impact Capital's community investment notes are debt securities that help to channel investor capital to high-impact community development initiatives. The capital raised through the notes directly supports the financing needs of domestic and international community development organizations, projects, funds, and other social enterprises in furtherance of Calvert Impact Capital's tax exempt mission
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 20.00 hrs/week | $664,155 | $0 | $56,976 | $721,131 |
| CHIEF FINANCIAL OFFICER Officer, 20.00 hrs/week | $463,256 | $0 | $56,976 | $520,232 |
| VP, SYNDICATIONS & STRATEGY Highest compensated employee, 40.00 hrs/week | $438,621 | $0 | $56,976 | $495,597 |
| SECRETARY, PRESIDENT OF CIP Officer, 40.00 hrs/week | $370,833 | $0 | $56,976 | $427,809 |
| VP, LENDING Highest compensated employee, 40.00 hrs/week | $348,290 | $0 | $56,976 | $405,266 |
| GENERAL COUNSEL Highest compensated employee, 40.00 hrs/week | $337,125 | $0 | $56,976 | $394,101 |
| VP, RISK MANAGEMENT Highest compensated employee, 40.00 hrs/week | $334,757 | $0 | $55,406 | $390,163 |
| VP, CONTROLLER Highest compensated employee, 40.00 hrs/week | $225,900 | $0 | $38,080 | $263,980 |
8 people received more than $100,000 in reportable compensation from Calvert Impact Capital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.0M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 614
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| HERO UNIT Consulting | $114,745 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Calvert Impact Capital totaling $4.5M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Calvert Impact Capital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Calvert Impact Capital, you can publish a response that is linked from this page.
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Of every $100 Calvert Impact Capital spent in 2024, $91.69 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Calvert Impact Capital's spending goes to programs?
In calendar year 2024, Calvert Impact Capital reported that 91.7% of its $30.8 million in expenses went to program services, 7.2% to management and general and 1.2% to fundraising (Form 990, Part IX).
How much does Calvert Impact Capital pay its top executive?
The largest total compensation Calvert Impact Capital reported for one person in calendar year 2024 was $721,131, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Calvert Impact Capital get its money?
Of $39.5 million in revenue in calendar year 2024, 1.2% came from contributions and grants and 95.3% from program service revenue (Form 990, Part VIII).
Is Calvert Impact Capital a registered charity?
The IRS lists EIN 52-1591398 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533219349300428 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423199349303102 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333129349302413 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223139349305552 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123149349304407 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023179349303092 · read the filing
All filings for EIN 52-1591398: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.