Calvert Impact Inc
Nonprofit profile at a glance
- EIN
- 863134806
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024
- Location
- Bethesda, MD, USA
- Phone
- 8002480337
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $8,342,994
- Expenses
- $8,888,465
- Assets
- $101,838,581
- Liabilities
- $87,031,689
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- JENNIFER PRYCE (PRESIDENT & CEO)
Highest reported compensation
- JENNIFER PRYCE (PRESIDENT & CEO): $721,131 total reported compensation
- DEREK STROCHER (CHIEF FINANCIAL OFFICER): $520,232 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
Community investment note: calvert impact capital remains dedicated to making impact investable through products and services that change the world.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 60
- Accountability: 95
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.1%; rating input score 88
- Program expense ratio: 83.7%; rating input score 84
- Fundraising efficiency: $0.03 raised per $1 spent on fundraising; rating input score 1; 1st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -6.5%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 11.46; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.85; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 7.6%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 21.4% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 39.3% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: 93.9% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 88.1% of revenue deployed · 83.7% of spending went to programs
- Governance: 14 of 14 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $7.4M in reported program spending
- Leadership: top reported pay $721K · 16 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.8M reported
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 10 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 1/100.
- High — Sustainability: Operating margin scored 18/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.