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Nonprofiteer
← SOCIAL VENTURE PARTNERS PORTLAND

Form 990 for tax year 2022

Filed by SOCIAL VENTURE PARTNERS PORTLAND.

Totals

Total revenue
$1,100,731
Total expenses
$1,177,145
Contributions and grants received
$1,314,152
Grants paid
$386,600
Program service revenue
$0
Investment income
-$8,506
Other revenue
-$204,915
Total assets, end of year
$1,659,693
Total liabilities, end of year
$86,811
Net assets or fund balances, end of year
$1,572,882
Program services expenses (Part IX)
$871,420
Management and general expenses
$239,420
Fundraising expenses
$66,305
Program service expenses (Part III)
$871,420

Program services were 74.0% 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.

  • 1c · Fundraising events

    $321,000

  • 1f · All other contributions, gifts and grants

    $993,152

  • 1g · Noncash contributions included above

    $13,325

  • 3 · Investment income

    total $3,217 · excluded $3,217

  • 7a · Gross sales of assets other than inventory

    securities $15,766

  • 7b · Less cost or other basis and sales expenses

    securities $27,489

  • 7c · Gain or loss

    securities -$11,723

  • 7d · Net gain or loss

    total -$11,723 · excluded -$11,723

  • 8a · Fundraising events: gross income

    $29,339

  • 8a · Fundraising events: contributions included on line 1c

    $321,000

  • 8b · Fundraising events: direct expenses

    $234,254

  • 8c · Net income from fundraising events

    total -$204,915 · excluded -$204,915

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $386,600 · program services $386,600

  • 5 · Compensation of officers, directors and key employees

    total $241,042 · program services $100,455 · management and general $113,327 · fundraising $27,260

  • 7 · Other salaries and wages

    total $185,989 · program services $120,428 · management and general $43,516 · fundraising $22,045

  • 8 · Pension plan contributions

    total $11,141 · program services $6,416 · management and general $3,437 · fundraising $1,288

  • 9 · Other employee benefits

    total $18,839 · program services $12,629 · management and general $3,710 · fundraising $2,500

  • 10 · Payroll taxes

    total $39,424 · program services $20,368 · management and general $14,555 · fundraising $4,501

  • 11c · Fees: accounting

    total $33,465 · management and general $33,465

  • 11g · Fees: other

    total $195,009 · program services $193,331 · fundraising $1,678

  • 12 · Advertising and promotion

    total $670 · program services $598 · management and general $72

  • 13 · Office expenses

    total $25,093 · program services $2,672 · management and general $21,830 · fundraising $591

  • 14 · Information technology

    total $4,205 · program services $2,257 · management and general $1,449 · fundraising $499

  • 16 · Occupancy

    total $5,650 · program services $2,963 · management and general $2,031 · fundraising $656

  • 19 · Conferences, conventions and meetings

    total $4,012 · program services $3,682 · management and general $123 · fundraising $207

  • 24a · Other expenses: DUES AND FEES

    total $18,355 · program services $17,074 · management and general $0 · fundraising $1,281

  • 24b · Other expenses: MISCELLANEOUS

    total $7,651 · program services $1,947 · management and general $1,905 · fundraising $3,799

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $276,833 · end of year $165,870

  • 2 · Savings and temporary cash investments

    beginning of year $1,174,083 · end of year $1,358,652

  • 3 · Pledges and grants receivable

    beginning of year $292,198 · end of year $77,898

  • 4 · Accounts receivable

    beginning of year $75,000 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,965 · end of year $1,995

  • 11 · Investments: publicly traded securities

    beginning of year $70,560 · end of year $55,278

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,343 · end of year $5,586

  • 18 · Grants payable

    beginning of year $225,000 · end of year $81,225

  • 27 · Net assets without donor restrictions

    beginning of year $919,110 · end of year $861,564

  • 28 · Net assets with donor restrictions

    beginning of year $730,186 · end of year $711,318

Mission and programs · 2022

Mission

SOCIAL VENTURE PARTNERS PORTLAND (SVP PORTLAND) BRINGS PROFESSIONALS AND ORGANIZATIONS TOGETHER IN PARTNERSHIP TO ADDRESS COMMUNITY CHALLENGES. AS VENTURE PHILANTHROPISTS, WE MOBILIZE TALENT, MONEY, AND INFLUENCE FOR INVESTMENT IN NONPROFITS AND INITIATIVES.

Activities or mission (Part I)

TO MOBILIZE HUMAN, SOCIAL & FINANCIAL CAPITAL FOR INVESTMENT IN SOCIAL IMPACT ORGANIZATIONS.

  • THE PRIMARY MISSION OF SVP PORTLAND IS TO PROVIDE CAPACITY-BUILDING SUPPORT TO THE NONPROFIT GRANTEES WE CALL COMMUNITY PARTNERS. IN 2022, THE PARTNERSHIP OF 130+ INDIVIDUALS INVESTED MORE THAN $162,000 IN CASH GRANTS AND 5,400 HOURS OF PROFESSIONAL EXPERTISE (CONSERVATIVELY VALUED AT $543,000). TOGETHER, THESE REPRESENT A VALUE OF MORE THAN $705,000 OF COMMUNITY INVESTMENTS INTO A PORTFOLIO OF 12 NONPROFIT ORGANIZATIONS AND COLLABORATIVE PROJECTS THAT ARE FOCUSED ON ENSURING THAT ALL CHILDREN REGARDLESS OF RACE, ETHNICITY, WEALTH, RELIGION, GENDER, OR ZIP CODE HAVE ACCESS TO HIGH-QUALITY, CULTURALLY-RELEVANT EARLY LEARNING EXPERIENCES.

    Expenses $332,578 · Grants $162,400

  • THE EQUITY COLLABORATIVE IS COMPOSED OF SIX PARTNER ORGANIZATIONS: BLACK PARENT INITIATIVE (BPI), IMMIGRANT & REFUGEE COMMUNITY ORGANIZATION (IRCO), KAIROSPDX, LATINO NETWORK, PCUN (PINEROS Y CAMPESINOS UNIDOS DEL NOROESTE) AND NATIVE AMERICAN YOUTH AND FAMILY CENTER (NAYA). SVP PORTLAND PROVIDED GRANT FUNDING TO THE EQUITY COLLABORATIVE AND SERVES AS ITS FISCAL COORDINATOR AND LEAD CAPACITY BUILDER. USING GRANT FUNDS FOR WHICH THEY JOINTLY APPLIED, THEY ARE WORKING COLLECTIVELY TO INCREASE INVESTMENTS IN CULTURALLY-SPECIFIC EARLY CHILDHOOD PRACTICES AND SHIFT THE PUBLIC NARRATIVE IN ORDER TO MAKE RACIAL EQUITY A PRIORITY IN OREGON'S EARLY EDUCATION SYSTEM. THROUGH THIS COLLECTIVE PROJECT AND CAPACITY-BUILDING ADVOCACY EFFORT, THE COLLABORATIVE AIMS TO ESTABLISH A SUSTAINABLE PARTNERSHIP THAT IS COMMUNITY-BASED AND COMMUNITY-LED.

    Expenses $397,553 · Grants $224,200

  • AS PART OF SVP PORTLAND, THE ENCORE FELLOWS PROGRAM PROVIDES A SOURCE OF NEW TALENT FOR NONPROFIT ORGANIZATIONS, HELPS INDIVIDUALS TRANSITION INTO SOCIAL-IMPACT WORK, AND GIVES CORPORATIONS AND FOUNDATIONS A NEW WAY TO POSITIVELY IMPACT THEIR COMMUNITIES. ENCORE FELLOWS ARE CAREFULLY MATCHED WITH THEIR HOST NONPROFIT ORGANIZATIONS FOR A TIME-LIMITED PROJECT AFTER RETIRING FROM A PROFESSIONAL CAREER. IN 2022, 18 FELLOWS WERE MATCHED AND PROVIDED MORE THAN 15,000 HOURS OF WORK.

    Expenses $40,764

  • CCFI: WITH INCREASED INVESTMENT IN MULTNOMAH COUNTY'S PRESCHOOL FOR ALL, OUR COMMUNITY HAS CREATED A UNIQUE OPPORTUNITY TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION TO MANY MORE OF OUR CHILDREN. ONE OF THE MAJOR CHALLENGES TO ACHIEVING UNIVERSAL CHILD CARE/PRESCHOOL IS THE LACK OF AVAILABLE SLOTS. OUR COMMUNITY NEEDS MANY MORE PROVIDERS AND FACILITIES TO MEET CURRENT AND FUTURE DEMAND. CURRENTLY, THE PATH TO OPENING A NEW OR EXPANDED FACILITY IS DAUNTING FINANCIALLY AND DEMANDING IN TERMS OF TIME AND ENGAGEMENT. CONSEQUENTLY, IN 2022 SVP LAUNCHED THE CHILD CARE FACILITIES INITIATIVE (CCFI), WITH THE GOAL OF SHIFTING THE PORTLAND METROPOLITAN CHILDCARE FACILITIES MARKET TO MORE EFFICIENTLY AND EFFECTIVELY CONNECT SUPPLY AND DEMAND WITH MINIMAL SUBSIDIES AND INTERVENTIONS.

    Expenses $100,525

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

Listed in Part VII

  • Bob Tate

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Larry Fox

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Steve Fields

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Charlie Gilkey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bala Sudarshan Cadambi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darren Davidson

    DEPUTY DIRECTOR

    Total calculated
    $91,280
    From this org
    $88,100
    From related orgs
    $0
    Other
    $3,180
    Hours/week
    40

  • Lauren Johnson

    EXECUTIVE DIRECTOR

    Total calculated
    $152,211
    From this org
    $141,642
    From related orgs
    $0
    Other
    $10,569
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,642
    Bonus
    $0
    Other
    $0
    Deferred
    $4,495
    Nontaxable benefits
    $6,074
    Filer's total
    $152,211

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 · Written employment contract
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
5 April 2023
IRS schema version
2022v5.0
Source object
202340979349301019

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