Form 990 for tax year 2024
Filed by SOCIAL VENTURE PARTNERS CHARLOTTE INC.
Totals
- Total revenue
- $475,506
- Total expenses
- $414,591
- Contributions and grants received
- $327,822
- Grants paid
- $110,000
- Program service revenue
- $137,291
- Investment income
- $8,793
- Other revenue
- $1,600
- Total assets, end of year
- $439,777
- Total liabilities, end of year
- $144
- Net assets or fund balances, end of year
- $439,633
- Program services expenses (Part IX)
- $356,778
- Management and general expenses
- $57,813
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $356,778
Program services were 86.1% 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.
-
1b · Membership dues
$240,715
-
1f · All other contributions, gifts and grants
$87,107
-
1g · Noncash contributions included above
$16,306
-
2a · Program service revenue: SEED20
total $137,291 · related or exempt $137,291
-
3 · Investment income
total $8,793 · excluded $8,793
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other
total $1,600 · related or exempt $1,600
-
11e · Other revenue, total
$1,600
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $110,000 · program services $110,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $93,000 · program services $74,400 · management and general $18,600
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $121,821 · program services $97,457 · management and general $24,364
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $15,905 · program services $12,724 · management and general $3,181
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $1,800 · program services $1,440 · management and general $360
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $14,854 · program services $11,883 · management and general $2,971
-
13 · Office expenses
total $920 · program services $736 · management and general $184
-
14 · Information technology
total $1,097 · program services $878 · management and general $219
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,928 · program services $1,542 · management and general $386
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $893 · program services $714 · management and general $179
-
24a · Other expenses: Meetings
total $20,102 · program services $16,082 · management and general $4,020
-
24b · Other expenses: Seed20 Expense
total $15,527 · program services $15,527
-
24c · Other expenses: Network dues
total $9,500 · program services $7,600 · management and general $1,900
-
24d · Other expenses: Misc Expense
total $3,265 · program services $2,612 · management and general $653
-
24e · All other expenses
total $3,979 · program services $3,183 · management and general $796
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $378,314 · end of year $439,777
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $5,834 · end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $405 · end of year $144
-
27 · Net assets without donor restrictions
beginning of year $383,743 · end of year $439,633
Mission and programs · 2024
Mission
Social Venture Partners Charlotte invests in and strengthens innovative nonprofits who are tackling our communitys greatest challenges by leveraging a network of engaged philanthropists.
-
SEED20: We celebrated our 11th year by returning to the stage with several program enhancements on March 26, 2024, which enabled us to spotlight 10 high-impact and diverse nonprofits from the Charlotte, NC metro area. Through our signature innovation program, we generated $115,272 in cash awards, community donations, and in-kind prizes, including a convenient online giving platform. We also hosted a series of new skill building and networking programs for our alumni focused on fundraising and board capabilities to support our SEED20 nonprofits beyond the stage.
Expenses $142,611 · Grants $50,000 · Revenue $137,291
-
Investee Grant Portfolio - In 2024, Social Venture Partners provided strategic capacity building support and $60,000 in total unrestricted grantfunding to three local nonprofits. SVP Partners supported these nonprofits in critical capacity building areas including staff transitions, ongoing advisory support and completing fundraising assessments to strengthen sustainability. Additional support included guidance on facilities and logistics, such as a lease review and information for critical vehicles. SVP also provided extensive board development services to help recruit new directors and increase board engagement. Examples include creating job descriptions, reviewing bylaws and facilitating board training workshops. Two advisory projects guided strategic planning and board evolution efforts.
Expenses $137,084 · Grants $60,000
-
Spark Team: Provide SEED20 and Investee nonprofit alumni with pro-bono consulting with a focus on knowledge transfer and capacity building. Support is provided in the areas for Strategy/Governance, Marketing/Communication, Technology/Operations, Fundraising, and Finance & Accounting. Completed 10 projects for local nonprofits with 30 volunteer Partners, totalling 564 skilled partner volunteer hours.
Expenses $77,083
As filed on the 2024 return.
Listed in Part VII
-
Kristin Beck
Executive Dir.
- Total calculated
- $93,000
- From this org
- $93,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Scott Brennan
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Scott Leo
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Bleema Bershad
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Adam Wassell
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Crane
Director
- Total calculated
- $0
- Hours/week
- 1
-
Denise Burkard
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lea Fitzpatrick
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Bill Martin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michele Juliana
Director
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
-
$23,000
Unresticted - Provide business expe
-
$20,000
Unresticted - Provide business expe
-
$20,000
Unresticted - Provide business expe
-
$20,000
Unresticted - Provide business expe
-
Others under 5000
$18,000
Unresticted - Provide business expe
-
$9,000
Unresticted - Provide business expe
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202532109349300013
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