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Nonprofiteer
← THIRD SECTOR CAPITAL PARTNERS INC

Form 990 for tax year 2022

Filed by THIRD SECTOR CAPITAL PARTNERS INC.

Totals

Total revenue
$8,702,199
Total expenses
$8,475,836
Contributions and grants received
$4,403,384
Grants paid
$0
Program service revenue
$4,227,763
Investment income
$71,052
Other revenue
$0
Total assets, end of year
$29,043,545
Total liabilities, end of year
$2,121,163
Net assets or fund balances, end of year
$26,922,382
Program services expenses (Part IX)
$6,510,621
Management and general expenses
$1,949,989
Fundraising expenses
$15,226
Program service expenses (Part III)
$6,595,096

Program services were 76.8% 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

    $4,403,384

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $4,227,763 · related or exempt $4,227,763

  • 3 · Investment income

    total $71,052 · excluded $71,052

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,557,208 · program services $1,239,191 · management and general $314,475 · fundraising $3,542

  • 7 · Other salaries and wages

    total $4,324,936 · program services $3,441,689 · management and general $873,408 · fundraising $9,839

  • 8 · Pension plan contributions

    total $164,661 · program services $131,035 · management and general $33,270 · fundraising $356

  • 9 · Other employee benefits

    total $367,025 · program services $292,069 · management and general $74,155 · fundraising $801

  • 10 · Payroll taxes

    total $444,981 · program services $354,106 · management and general $90,187 · fundraising $688

  • 11b · Fees: legal

    total $66,536 · program services $35,959 · management and general $30,577

  • 11c · Fees: accounting

    total $102,200 · program services $55,234 · management and general $46,966

  • 11g · Fees: other

    total $620,545 · program services $335,377 · management and general $285,168

  • 13 · Office expenses

    total $47,916 · program services $30,108 · management and general $17,808

  • 14 · Information technology

    total $174,695 · program services $109,765 · management and general $64,930

  • 16 · Occupancy

    total $340,100 · program services $323,095 · management and general $17,005

  • 17 · Travel

    total $182,764 · program services $162,993 · management and general $19,771

  • 20 · Interest

    total $25,125 · management and general $25,125

  • 22 · Depreciation, depletion and amortization

    total $14,655 · management and general $14,655

  • 23 · Insurance

    total $42,489 · management and general $42,489

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,718,796 · end of year $299,243

  • 2 · Savings and temporary cash investments

    beginning of year $24,045,337 · end of year $22,299,883

  • 3 · Pledges and grants receivable

    beginning of year $874,780 · end of year $2,607,862

  • 4 · Accounts receivable

    beginning of year $580,524 · end of year $890,670

  • 9 · Prepaid expenses and deferred charges

    beginning of year $58,222 · end of year $132,460

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

    $94,717

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

    $71,370

  • 10c · Land, buildings and equipment, net

    beginning of year $11,658 · end of year $23,347

  • 11 · Investments: publicly traded securities

    end of year $2,093,983

  • 15 · Other assets

    beginning of year $56,574 · end of year $696,097

  • 17 · Accounts payable and accrued expenses

    beginning of year $650,003 · end of year $203,353

  • 24 · Unsecured notes and loans payable

    end of year $1,250,000

  • 25 · Other liabilities

    end of year $667,810

  • 27 · Net assets without donor restrictions

    beginning of year $4,873,549 · end of year $6,561,719

  • 28 · Net assets with donor restrictions

    beginning of year $21,822,339 · end of year $20,360,663

Mission and programs · 2022

Mission

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

  • MULTI COUNTY - CT/OEC ADVISORY: COLLABORATIVE BETWEEN 6 CA COUNTIES, THE MHSOAC (CA MENTAL HEALTH OVERSIGHT COMMISSION), CALMHSA (FISCAL INTERMEDIARY) TO CREATE DATA-DRIVEN IMPROVEMENTS TO SERIOUS MENTAL ILLNESS PROGRAMS ACROSS THE STATE. THIRD SECTOR HAS BEEN SUPPORTING OEC THROUGH AN EFFORT TO UNDERSTAND HOW EEC FUNDING STREAMS COULD BE IMPROVED TO EXPAND EQUITABLE ACCESS AND REDUCE THE BURDEN ON PROVIDERS.

    Expenses $2,461,288 · Revenue $3,452,954

  • NORTH CAROLINA: PROJECT WITH THE NORTH CAROLINA DIVISION OF CHILD DEVELOPMENT AND EARLY EDUCATION (DCDEE) TO IMPROVE PRE-K OUTCOMES.

    Expenses $170,366 · Revenue $302,873

  • MA DTA CIES ASSESS: FACILITATED PROCESS CHANGES IN POLICIES, PRACTICES AND PROGRAMS THAT PRIORITZE ECONOMIC MOBILITY TO TRANSITION CITIZENS FROM TANF TO A MORE ECONOMICALLY INDEPENDENT EXISTENCE.

    Expenses $268,537 · Revenue $456,212

  • OTHER PROGRAM SERVICES

    Expenses $3,694,905 · Revenue $15,724

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

Listed in Part VII

  • CAROLINE WHISTLER

    PRESIDENT &

    Total calculated
    $329,230
    From this org
    $299,914
    From related orgs
    $0
    Other
    $29,316
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $299,914
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,167
    Nontaxable benefits
    $17,149
    Filer's total
    $329,230

  • TIM PENNELL

    MANAGING DIR

    Total calculated
    $207,611
    From this org
    $193,100
    From related orgs
    $0
    Other
    $14,511
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $193,100
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,751
    Nontaxable benefits
    $6,760
    Filer's total
    $207,611

  • SHAROLYN MILLER

    MANAGING DIR

    Total calculated
    $228,549
    From this org
    $197,614
    From related orgs
    $0
    Other
    $30,935
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $197,614
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,045
    Nontaxable benefits
    $22,890
    Filer's total
    $228,549

  • LAILA BRAVO

    MANAGING DIR

    Total calculated
    $203,764
    From this org
    $196,251
    From related orgs
    $0
    Other
    $7,513
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $196,251
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,513
    Nontaxable benefits
    not reported
    Filer's total
    $203,764

  • OSCAR ALEXANDER BENITEZ

    MANAGING DIR

    Total calculated
    $177,692
    From this org
    $170,895
    From related orgs
    $0
    Other
    $6,797
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $170,895
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,797
    Nontaxable benefits
    not reported
    Filer's total
    $177,692

  • TYLER LEWIS

    MANAGING DIR

    Total calculated
    $215,821
    From this org
    $200,398
    From related orgs
    $0
    Other
    $15,423
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $200,398
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,045
    Nontaxable benefits
    $7,378
    Filer's total
    $215,821

  • MARIA JOHANNA POSEY

    MANAGING DIR

    Total calculated
    $250,977
    From this org
    $222,534
    From related orgs
    $0
    Other
    $28,443
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $197,184
    Bonus
    $25,350
    Other
    not reported
    Deferred
    $6,951
    Nontaxable benefits
    $21,492
    Filer's total
    $250,977

  • JESSICA PRAPHATH

    MANAGING DIR

    Total calculated
    $184,736
    From this org
    $171,524
    From related orgs
    $0
    Other
    $13,212
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $171,524
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,892
    Nontaxable benefits
    $6,320
    Filer's total
    $184,736

  • DEBRA TSIVYA SOLOMON

    DIRECTOR

    Total calculated
    $181,275
    From this org
    $174,372
    From related orgs
    $0
    Other
    $6,903
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $174,372
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,903
    Nontaxable benefits
    not reported
    Filer's total
    $181,275

  • BETHSHEBA RIVERA

    DIRECTOR

    Total calculated
    $153,285
    From this org
    $141,777
    From related orgs
    $0
    Other
    $11,508
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $141,777
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,280
    Nontaxable benefits
    $6,228
    Filer's total
    $153,285

  • MELISSA PENNEY

    DIRECTOR

    Total calculated
    $167,586
    From this org
    $154,419
    From related orgs
    $0
    Other
    $13,167
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $152,419
    Bonus
    $2,000
    Other
    not reported
    Deferred
    $6,051
    Nontaxable benefits
    $7,116
    Filer's total
    $167,586

  • HEATHER HOWARD

    DIRECTOR

    Total calculated
    $155,121
    From this org
    $137,107
    From related orgs
    $0
    Other
    $18,014
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $137,107
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,335
    Nontaxable benefits
    $12,679
    Filer's total
    $155,121

  • REGGIE BICHA

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • RICK WILLIAMS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • MISHAELA DURAN

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • GARY GRAVES

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN KANIA

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JANINE LEE

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MONIQUE MCCLOUD

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • HILDA PALANCO

    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
2022
Filed
11 November 2023
IRS schema version
2022v5.0
Source object
202313199349311166

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