EIN 26-2108051

Grassroots Business Fund (GBF)

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
2007
Most recent tax filings
2020-06
Description
GBF's mission is to help build and support High Impact Businesses that provide sustainable economic opportunities to millions of people living at the base of the economic pyramid.
Also known as...
Grassroots Business Partners

Program areas at GBF

Grassroots Business Fund (gbf) is heavily involved in building the field around impact investing by working closely with partner organizations, piloting new initiatives, and contributing lessons learned to a broad audience. As part of partnership building, gbf is a member of numerous working groups including those around impact assessment, the development of impact funds, and careers in impact investing. As the organization grows a continued effort towards external dissemination of information on the successes and lessons learned relating to impact investing will be critical for our advancing of the field.
Gbf's capacity building programs are a combination of Business advisory services (bas) funded through grants and hands-on management support from gbf staff and its Partners. These capacity building programs include improvements to governance, general management, reporting, management information systems, and business/financial planning. These programs are delivered by experienced external consultants, gbf staff, and through our partnerships with other local businesses. Gbf's bas falls into six main categories: financial management, operations, corporate governance and human capacity, strategy, legal and regulatory, and environmental and social. Over the past ten years gbf has disbursed over $8.5 million in bas to more than 80 companies who have supported more than 17 million people.
Grassroots Business Fund (gbf) works with high impact businesses that are typically small or midsized by international standards, but economically engage large numbers of the poor. Gbf manages an investment Fund, Grassroots Business investors Fund i, lp (gbi-i). Gbi-i makes equity, quasi-equity, and debt investments which allow it to share the businesses' risks and returns while providing a form of capital suitable for long-term, wealth-creating businesses. Gbi-i target investment size is currently between $750,000 and $2,500,000 and has an average investment horizon of 5-7 years. The current portfolio companies (16 companies) have directly created wealth for over 12,000 farmers; 21,000 artisans, and cost savings for 900,000 people and an additional 4 million family members.

Form 990s for GBF

Fiscal year endingDate received by IRSFormPDF link
2019-062021-01-21990View PDF
2018-062019-06-19990View PDF
2017-062018-10-16990View PDF
2016-062017-09-06990View PDF
2015-062016-07-26990View PDF
...and 5 more Form 990s

Who funds Grassroots Business Fund (GBF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Adelson Family FoundationTo Assist in the Purpose of the Charity$100,000

Grants made by GBF

GranteeGrant descriptionAmount
Novica FoundationTechnical Assistance$30,000

Financials for GBF

RevenuesFYE 06/2020
Total grants, contributions, etc.$420,000
Program services$1,548,239
Investment income and dividends$52
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,968,291

Personnel at GBF

NameTitleCompensation
Jaime RamirezChief Operating Officer and Chief Information Officer$156,357
Elaine WolfensohnVice President, Botwinick - Wolfensohn Foundation
Alan PatricofFounder and Managing Director
 Subscribe to viewManaging Director
 Subscribe to viewDirector, Global Emerging Markets
...and 1 more key personnel
Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$1,968,291
2020
Yearly growth
-21.6%
% of revenues
n/a
Total expenses
$2,323,562
2020
Yearly growth
3.4%
% of expenses
n/a
Total assets
$899,905
2020
Yearly growth
-12.7%
% of assets
n/a
Num. employees
6
2020
Yearly growth
-53.8%
% of total
n/a
General information
Address
1875 K Street NW Suite 537
Washington, DC 20006
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
Website URL
gbfund.org/ 
Phone
202.518.6865
Facebook page
GBFund 
Twitter profile
@g_b_fund 
IRS details
EIN
26-2108051
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Q30: International Development, Relief Services
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent