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Nonprofiteer
← THIRD SECTOR CAPITAL PARTNERS INC

Form 990 for tax year 2023

Filed by THIRD SECTOR CAPITAL PARTNERS INC.

Totals

Total revenue
$6,113,325
Total expenses
$10,462,653
Contributions and grants received
$3,440,590
Grants paid
$0
Program service revenue
$1,971,724
Investment income
$604,061
Other revenue
$96,950
Total assets, end of year
$24,856,257
Total liabilities, end of year
$714,185
Net assets or fund balances, end of year
$24,142,072
Program services expenses (Part IX)
$7,854,480
Management and general expenses
$2,578,172
Fundraising expenses
$30,001
Program service expenses (Part III)
$7,854,480

Program services were 75.1% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,440,590

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $1,971,724 · related or exempt $1,971,724

  • 3 · Investment income

    total $604,061 · excluded $604,061

  • 11a · Other revenue: SUBLEASE RENTAL INCOME

    total $96,950 · related or exempt $96,950

  • 11e · Other revenue, total

    $96,950

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,195,496 · program services $1,810,100 · management and general $376,903 · fundraising $8,493

  • 7 · Other salaries and wages

    total $4,536,496 · program services $3,740,153 · management and general $778,799 · fundraising $17,544

  • 8 · Pension plan contributions

    total $172,507 · program services $142,226 · management and general $29,612 · fundraising $669

  • 9 · Other employee benefits

    total $407,910 · program services $331,797 · management and general $74,541 · fundraising $1,572

  • 10 · Payroll taxes

    total $489,656 · program services $401,949 · management and general $86,008 · fundraising $1,699

  • 11b · Fees: legal

    total $62,762 · program services $51,271 · management and general $11,491

  • 11c · Fees: accounting

    total $29,000 · program services $23,690 · management and general $5,310

  • 11g · Fees: other

    total $1,256,522 · program services $1,026,463 · management and general $230,059

  • 13 · Office expenses

    total $144,220 · program services $77,741 · management and general $66,479

  • 14 · Information technology

    total $261,872 · program services $141,162 · management and general $120,710

  • 16 · Occupancy

    total $383,373 · management and general $383,373

  • 17 · Travel

    total $295,287 · program services $107,928 · management and general $187,359

  • 20 · Interest

    total $5,677 · management and general $5,677

  • 22 · Depreciation, depletion and amortization

    total $14,868 · management and general $14,868

  • 23 · Insurance

    total $60,748 · management and general $60,748

  • 24a · Other expenses: MISCELLANEOUS

    total $133,319 · management and general $133,295 · fundraising $24

  • 24b · Other expenses: BAD DEBT

    total $12,940 · management and general $12,940

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $299,243 · end of year $340,255

  • 2 · Savings and temporary cash investments

    beginning of year $22,299,883 · end of year $1,922,587

  • 3 · Pledges and grants receivable

    beginning of year $2,607,862 · end of year $649,009

  • 4 · Accounts receivable

    beginning of year $890,670 · end of year $592,222

  • 9 · Prepaid expenses and deferred charges

    beginning of year $132,460 · end of year $217,332

  • 10a · Land, buildings and equipment: cost or other basis

    $169,417

  • 10b · Land, buildings and equipment: accumulated depreciation

    $86,238

  • 10c · Land, buildings and equipment, net

    beginning of year $23,347 · end of year $83,179

  • 11 · Investments: publicly traded securities

    beginning of year $2,093,983 · end of year $20,652,159

  • 15 · Other assets

    beginning of year $696,097 · end of year $399,514

  • 17 · Accounts payable and accrued expenses

    beginning of year $203,353 · end of year $315,358

  • 24 · Unsecured notes and loans payable

    beginning of year $1,250,000

  • 25 · Other liabilities

    beginning of year $667,810 · end of year $398,827

  • 27 · Net assets without donor restrictions

    beginning of year $6,561,719 · end of year $6,476,115

  • 28 · Net assets with donor restrictions

    beginning of year $20,360,663 · end of year $17,665,957

Mission and programs · 2023

Mission

OUR MISSION IS TO TRANSFORM PUBLIC SYSTEMS TO ADVANCE IMPROVED AND EQUITABLE OUTCOMES.

  • CT OEC 2023 RENEWAL TS SHALL PROVIDE TECHNICAL, AND CAPACITY-BUILDING SUPPORTS TO OEC TO IMPLEMENT ACTIVITIES AND PROCESSES RELATED TO FAMILY FEES, PARENT CABINET, AND ARPA/CRSSA THAT IMPROVE ACCESS, AFFORDABILITY, AND QUALITY OF THE STATE'S EARLY CARE AND EDUCATION SYSTEM.

    Expenses $299,385 · Revenue $368,500

  • 3068 HIGH ED PHASE 3 TS WILL ASSIST IN QUALITATIVELY ASSESS METRICS & PREPARE FOR QUANTITATIVE ASSESSMENT;WORK WITH INSTITUTIONS TO EVALUATE SYSRTEMS AND DISSEMINATE FINDINGS; PROVIDE ONGOING TECHNICAL ASSISTANCEAND DEVELOP DETAILED WORK PLANS.

    Expenses $278,615

  • ARPA GOOD JOBS-RURAL TX FUNDED THROUGH THE DEPARTMENT OF COMMERCE; WE A A SUBCONTRACTOR TO WSRCA. THREE PHASES WHICH OVERLAP: SYSTEM DEVELOPMENT, PROGRAM DESIGN AND IMPLEMENTATION.

    Expenses $250,467 · Revenue $35,503

  • OTHER PROGRAM SERVICES

    Expenses $7,026,013 · Revenue $1,567,721

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Caroline Whistler

    PRESIDENT &

    Total calculated
    $335,678
    From this org
    $300,600
    From related orgs
    $0
    Other
    $35,078
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    not reported
    Other
    $600
    Deferred
    $12,000
    Nontaxable benefits
    $23,078
    Filer's total
    $335,678

  • Michele Rochester

    MANAGING DIR

    Total calculated
    $233,978
    From this org
    $215,600
    From related orgs
    $0
    Other
    $18,378
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $215,000
    Bonus
    not reported
    Other
    $600
    Deferred
    $8,600
    Nontaxable benefits
    $9,778
    Filer's total
    $233,978

  • Tim Pennell

    MANAGING DIR

    Total calculated
    $236,888
    From this org
    $220,600
    From related orgs
    $0
    Other
    $16,288
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $220,000
    Bonus
    not reported
    Other
    $600
    Deferred
    $8,800
    Nontaxable benefits
    $7,488
    Filer's total
    $236,888

  • Laila Bravo

    MANAGING DIR

    Total calculated
    $209,323
    From this org
    $200,600
    From related orgs
    $0
    Other
    $8,723
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    not reported
    Other
    $600
    Deferred
    $8,000
    Nontaxable benefits
    $723
    Filer's total
    $209,323

  • Sharolyn Miller

    MANAGING DIR

    Total calculated
    $249,608
    From this org
    $215,600
    From related orgs
    $0
    Other
    $34,008
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $215,000
    Bonus
    not reported
    Other
    $600
    Deferred
    $8,600
    Nontaxable benefits
    $25,408
    Filer's total
    $249,608

  • Tyler Lewis

    COMMUNICATIO

    Total calculated
    $231,719
    From this org
    $215,600
    From related orgs
    $0
    Other
    $16,119
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $215,000
    Bonus
    not reported
    Other
    $600
    Deferred
    $8,600
    Nontaxable benefits
    $7,519
    Filer's total
    $231,719

  • Maria Johanna Posey

    MANAGING DIR

    Total calculated
    $204,454
    From this org
    $170,600
    From related orgs
    $0
    Other
    $33,854
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $170,000
    Bonus
    not reported
    Other
    $600
    Deferred
    $6,800
    Nontaxable benefits
    $27,054
    Filer's total
    $204,454

  • Jessica Praphath

    MANAGING DIR

    Total calculated
    $184,521
    From this org
    $170,600
    From related orgs
    $0
    Other
    $13,921
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $170,000
    Bonus
    not reported
    Other
    $600
    Deferred
    $6,800
    Nontaxable benefits
    $7,121
    Filer's total
    $184,521

  • Kesha Lee

    MANAGING DIR

    Total calculated
    $208,600
    From this org
    $200,600
    From related orgs
    $0
    Other
    $8,000
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    not reported
    Other
    $600
    Deferred
    $8,000
    Nontaxable benefits
    not reported
    Filer's total
    $208,600

  • Will Rhett

    MANAGING DIR

    Total calculated
    $206,740
    From this org
    $172,425
    From related orgs
    $0
    Other
    $34,315
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $171,875
    Bonus
    not reported
    Other
    $550
    Deferred
    $3,275
    Nontaxable benefits
    $31,040
    Filer's total
    $206,740

  • Nicole Kristy

    DIRECTOR

    Total calculated
    $159,019
    From this org
    $141,400
    From related orgs
    $0
    Other
    $17,619
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $140,800
    Bonus
    not reported
    Other
    $600
    Deferred
    $5,632
    Nontaxable benefits
    $11,987
    Filer's total
    $159,019

  • Zachary Kamin

    DIRECTOR

    Total calculated
    $147,289
    From this org
    $134,800
    From related orgs
    $0
    Other
    $12,489
    Hours/week
    40 + 0.25 related

  • Carmon Choice

    CONTROLLER

    Total calculated
    $145,574
    From this org
    $134,600
    From related orgs
    $0
    Other
    $10,974
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $134,000
    Bonus
    not reported
    Other
    $600
    Deferred
    $5,360
    Nontaxable benefits
    $5,614
    Filer's total
    $145,574

  • Susannah K Peterson

    DIRECTOR

    Total calculated
    $160,833
    From this org
    $134,600
    From related orgs
    $0
    Other
    $26,233
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $134,000
    Bonus
    not reported
    Other
    $600
    Deferred
    $5,360
    Nontaxable benefits
    $20,873
    Filer's total
    $160,833

  • Gary Graves

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Reggie Bicha

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • John Kania

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Mishaela Duran

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Janine Lee

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Tony Gherardini

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
3 October 2024
IRS schema version
2023v5.0
Source object
202402839349300310

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