Form 990 for tax year 2022

Totals

Total revenue

$5,163,267

Total expenses

$2,127,112

Contributions and grants received

$5,124,379

Grants paid

$0

Program service revenue

$0

Investment income

$3,016

Other revenue

$35,872

Total assets, end of year

$5,103,678

Total liabilities, end of year

$593,703

Net assets or fund balances, end of year

$4,509,975

Program services expenses (Part IX)

$1,940,011

Management and general expenses

$165,432

Fundraising expenses

$21,669

Program service expenses (Part III)

$1,940,011

Program services were 91.2% 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.

Mission and programs · 2022

• SETTING AND PROMOTING STANDARDS:THE UNIVERSAL STANDARDS FOR FINANCIAL SERVICE PROVIDERS WERE FIRST LAUNCHED IN 2012 AND UPDATED IN 2016. SPTF MANAGES A TECHNICAL REVIEW COMMITTEE (TRC) TO FOLLOW A TRANSPARENT AND USER-DRIVEN STANDARD REVISION PROCESS BASED ON THE ISEAL CODE OF GOOD PRACTICE FOR SETTING SOCIAL AND ENVIRONMENTAL STANDARDS. THE REVISED STANDARDS HAVE BEEN DESIGNED TO KEEP PACE WITH THE FINANCIAL SECTOR INDUSTRY'S NEEDS AND PROVIDE NEW GUIDELINES ON RESPONSIBLE SAVINGS AND INSURANCE PRODUCTS, AS WELL AS DELIVERY CHANNELS USING DIGITAL SERVICES AND AGENT MODELS, ALL WITH AN EYE TOWARD MITIGATING RISK AND CREATING BENEFITS FOR CLIENTS. THE UNIVERSAL STANDARDS ALSO INCLUDE NEW CONTENT ON RESPONSIBILITY TO THE ENVIRONMENT. THE TRC REVIEWS THE UNIVERSAL STANDARDS EVERY 3 YEARS. SPTF IS IN CHARGE OF GATHERING AND PROCESSING ALL FEEDBACK RECEIVED FROM THE INCLUSIVE FINANCE INDUSTRY, AS WELL AS WITH THE BROADER IMPACT INVESTMENT COMMUNITY. MANAGE EFFECTIVE COMMUNICATIONS - AFTER RELEASING THE UNIVERSAL STANDARDS IN 2012, SPTF DEVELOPED SEVERAL RESOURCES TO HELP WITH THEIR AWARENESS AND IMPLEMENTATION, SUCH AS BRIEF HANDOUTS, MESSAGE MANUALS, THE UNIVERSAL STANDARDS IMPLEMENTATION GUIDE, CASE STUDIES, GUIDANCE NOTES, AND VIDEOS OF EARLY ADOPTERS. SPTF ALSO COMMUNICATES VIA SOCIAL MEDIA.CONDUCT TRAININGS AND WORKSHOPS - SPTF ATTENDS SELECT CONFERENCES AROUND THE WORLD TO OFFER TRAININGS ON THE UNIVERSAL STANDARDS AND SUPPORTING TOOLS AND RESOURCES. SPTF ALSO CONDUCTS MONTHLY ONLINE WEBINAR TRAININGS AND WORKING GROUP MEETINGS TO HIGHLIGHT CASE STUDIES OF GOOD PRACTICE, TO PROVIDE OVERVIEWS OF ASSESSMENT AND REPORTING TOOLS, AND TO SUPPORT PEER TO PEER LEARNING. MANAGE THE SOCIAL INVESTOR WORKING GROUP (SIWG) - THE SIWG HAS +300 INVESTORS FROM +120 ORGANIZATIONS. IT IS A MEMBER-LED GROUP THAT THE SPTF SECRETARIAT BACKSTOPS, COORDINATING LOGISTICS OF ALL MEETINGS, WEBINARS, AND UPDATES OF INITIATIVES. SPTF ANNUAL MEETING - SINCE 2005, THE SPTF HAS BEEN CONDUCTING AN ANNUAL MEETING WHERE INDUSTRY STAKEHOLDERS FROM AROUND THE WORLD COME TOGETHER FOR SEVERAL DAYS OF THOUGHT-PROVOKING DISCUSSIONS ON CORE AND EMERGING TOPICS IN THE FIELD. MEMBERS HAVE DESCRIBED THE MEETING AS "THE STATE OF PRACTICE IN SOCIAL PERFORMANCE AND RESPONSIBLE FINANCE". THIS MEETING IS KEY TO UNDERSTANDING THE PROGRESS AND CHALLENGES IN THE IMPLEMENTATION OF THE UNIVERSAL STANDARDS. THE MEETING IS CONDUCTED IN A DIFFERENT REGION OF THE WORLD EACH YEAR TO ENSURE ALL SPTF MEMBERS CAN ATTEND THROUGHOUT THE YEARS. IN THE LAST FEW YEARS, MEETINGS HAVE ALSO ALLOWED THE SPTF TO ENGAGE WITH REGULATORS AND ALSO INCLUDED FIELD TRIPS TO LOCAL FSPS. SECRETARIAT STAFF COORDINATE ALL MEETING LOGISTICS AND DEVELOP AGENDA AND CONTENT OF DISCUSSIONS.

  Expenses $329,601 · Revenue $35,872

• ASSESSING, IMPROVING, DEMONSTRATING:SPTF HAS WORKED WITH ONE OF ITS MEMBERS, CERISE, TO DEVELOP A FREE ASSESSMENT TOOL (CALLED THE SPI4) THAT ENABLES FSPS TO ASSESS THEIR SOCIAL PERFORMANCE MANAGEMENT PRACTICES AGAINST THE UNIVERSAL STANDARDS. THIS TOOL ALLOWS FSPS TO UNDERSTAND THEIR SPM STRENGTHS AND WEAKNESSES AND CREATE AN ACTION PLAN FOR IMPROVEMENT. SPTF DOES NOT DIRECTLY PROVIDE TECHNICAL ASSISTANCE TO FSPS BECAUSE THAT WOULD COMPETE WITH ITS MEMBERS. RATHER, SPTF WORKS TO MAKE SURE THAT THE MOST UPDATED TRAININGS, RESOURCES, AND TOOLS ARE AVAILABLE TO FSPS AND TA PROVIDERS, AND THAT THEY KNOW HOW TO USE THEM. SPTF ALSO CONDUCTS ONLINE TRAININGS AND PROVIDES FREE RESOURCES IN SEVERAL LANGUAGES TO HELP IMPROVE PRACTICES RELATED TO THE UNIVERSAL STANDARDS.TO ADVANCE WORK ON DEMONSTRATING OUTCOMES, THE SPTF RUNS THE OUTCOMES WORKING GROUP TO DEVELOP GUIDELINES BOTH FOR INVESTORS AND FOR FSPS FOR MEASURING AND MANAGING OUTCOMES AS WELL AS TO CREATE A LIST OF COMMON OUTCOME INDICATORS IN THE AREAS OF POVERTY/HOUSING/ASSETS, BUSINESS, AND RESILIENCE.

  Expenses $1,605,410

• REPORTING & DEMONSTRATING:REPORTING ON SPM DATA HELPS THE RESPONSIBLE INCLUSIVE FINANCE SECTOR BE TRANSPARENT, ENSURES THE DATA IS AVAILABLE TO INVESTORS, AND ALLOWS THE INDUSTRY TO BENCHMARK AND ANALYZE TRENDS. SPTF PLAYS A COORDINATING ROLE IN THIS ACTIVITY AS MIX, CERISE AND THE RATING AGENCIES CONDUCT THE VAST MAJORITY OF THE DIRECT WORK IN COLLECTION OF DATA. SPTF IS MANAGING DISCUSSION AMONGST THESE ACTORS TO CONSOLIDATE THIS SPM INFORMATION ONTO A COMMON DATA PLATFORM SO THAT IT IS MORE ACCESSIBLE TO USERS.

  Expenses $5,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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.

Provenance

Return type

form_990

Tax year

2022

Filed

14 November 2023

IRS schema version

2022v5.0

Source object

202323189349302547

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.