NECTAR COMMUNITY INVESTMENTS INC

LOWELL, MA, 01854-3907 (978) 258-2772 Est. 2001 EIN 04-3571892
L20 - Housing Development, Construction & Management 990 - Public charity return 501(c)(3)
www.mccinvest.org

Mission

GROW THE ASSETS AND WEALTH OF HISTORICALLY DISINVESTED INDIVIDUALS AND THEIR COMMUNITIES BY PROVIDING A COMBINATION OF ROBUST ADVICE, RESOURCED NETWORKS AND CAPITAL IN THE MERRIMACK VALLEY AND ACROSS MASSACHUSETTS.

Giving Portfolio

Total Grants
113
Total Giving
$2.1M
Recipients
113
Years Active
2018 - 2024
Avg grant: $82,431 Median: $68,083

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20246$543K $90K51
20233$312K $104K30
20226$41K $7K60
201996$768K $8K960
20182$406K $203K20

Sectors Funded

Philanthropy & Grantmaking
3
Environment
1
Community Improvement
1
Employment
1

Top States

Massachusetts
112
Rhode Island
1

Grantee Size Profile

Over $50M
2
$10M - $50M
2
$5M - $10M
1
$100K - $500K
1
$1M - $5M
1

Top Grantees

Page 1 of 3
MA - 2 grants
$240K
ARCHIPELAGO STRATEGIES GROUP INC
MA
$188K
TBM CONSULTING
MA
$53K
ABODE ENERGY MANAGEMENT
MA
$46K
MODERNO APPLIANCE AND FURNITURE
MA
$17K

Grants Awarded · 90 grants

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Financials

Total Revenue
$6,745,373
Total Expenses
$5,899,985
Net Assets
$10,131,565
17 employees 10 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
20.6 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 2.6%
Expenses ↑ 4.4%
Revenue Sources
Contributions 75.3% Earned revenue 16.8% Investment 3.5% Other 4.0%
Expense Breakdown
Program 75.7% Management 24.3%

Officers & Trustees (19)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$6,745,373 ↑$5,899,985$10,131,565
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$6,574,062 ↓$5,652,803$9,286,177
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$8,158,806 ↑$3,434,867$8,023,066
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$1,121,359 ↓$1,271,365$1,210,010
2019 990 - Public charity return
Jan 1, 2019 to Dec 31, 2019
$2,572,408 ↑$2,805,032$1,360,526
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$1,335,777 $1,047,587$1,593,150

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EIN: 04-3571892 · Source: IRS Form 990 e-file data