Form 990 for tax year 2023
Filed by SOCIAL VENTURE PARTNERS CHARLOTTE INC.
Totals
- Total revenue
- $440,870
- Total expenses
- $348,181
- Contributions and grants received
- $286,793
- Grants paid
- $110,150
- Program service revenue
- $135,695
- Investment income
- $7,950
- Other revenue
- $10,432
- Total assets, end of year
- $384,148
- Total liabilities, end of year
- $405
- Net assets or fund balances, end of year
- $383,743
- Program services expenses (Part IX)
- $303,178
- Management and general expenses
- $45,003
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $303,178
Program services were 87.1% 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
$204,507
-
1f · All other contributions, gifts and grants
$82,286
-
1g · Noncash contributions included above
$12,427
-
2a · Program service revenue: SEED20
total $135,695 · related or exempt $135,695
-
3 · Investment income
total $7,950 · excluded $7,950
-
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 $10,432 · related or exempt $10,432
-
11e · Other revenue, total
$10,432
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $110,150 · program services $110,150
-
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 $48,080 · program services $38,464 · management and general $9,616
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $11,106 · program services $8,885 · management and general $2,221
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $1,650 · program services $1,320 · management and general $330
-
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 $28,305 · program services $22,644 · management and general $5,661
-
13 · Office expenses
total $944 · program services $755 · management and general $189
-
14 · Information technology
total $2,721 · program services $2,177 · management and general $544
-
15 · Royalties
total $0
-
16 · Occupancy
total $3,266 · program services $2,613 · management and general $653
-
17 · Travel
total $6 · program services $5 · management and general $1
-
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 $1,297 · program services $1,038 · management and general $259
-
24a · Other expenses: Meetings
total $29,635 · program services $23,708 · management and general $5,927
-
24b · Other expenses: Seed20 Expense
total $13,014 · program services $13,014
-
24c · Other expenses: Misc Expense
total $1,364 · program services $1,091 · management and general $273
-
24d · Other expenses: Bank and PayPal Fees
total $1,114 · program services $891 · management and general $223
-
24e · All other expenses
total $2,529 · program services $2,023 · management and general $506
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $282,584 · end of year $378,314
-
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 $9,606 · end of year $5,834
-
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 $1,136 · end of year $405
-
27 · Net assets without donor restrictions
beginning of year $291,054 · end of year $383,743
Mission and programs · 2023
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 10th year by returning to the stage with several program enhancements on April 27, 2023, which enabled us to spotlight 10 high-impact and diverse nonprofits from the Charlotte, NC metro area. We awarded $34,250 in cash and in-kind prizes. We piloted a convenient online giving platform that raised $51,386, including a generous $20,000 match from Wells Fargo. We also hosted a series of new skill building and networking programs for our alumni focused on fundraising to support our SEED20 nonprofits beyond the stage.
Expenses $123,170 · Grants $50,150 · Revenue $135,695
-
Investee Grant Portfolio - In 2023, Social Venture Partners provided strategic capacity building support and $60,000 in total unrestricted grantfunding to 4 local nonprofits. Some specific highlights of projects that SVP provided include: facilitating a fundraising capability assessment, coordinating a household essentials drive for local families, supporting the search process for a new Executive Director, providing Board of Directors training, supporting succession planning and enhancing committee structures. We also leveraged resources to help with new legal agreements, generated new marketing collateral and made over 20+ introductions for public relations and collaboration.
Expenses $120,004 · 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 769 skilled partner volunteer hours.
Expenses $60,004
As filed on the 2023 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
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ann Marie Beurle
Director
- Total calculated
- $0
- Hours/week
- 1
-
Scott Leo
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Bleema Bershad
Director
- Total calculated
- $0
- Hours/week
- 1
-
Harrison Marshall
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Crane
Director
- Total calculated
- $0
- Hours/week
- 1
-
Denise Burkard
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Lea Fitzpatrick
Director
- Total calculated
- $0
- Hours/week
- 1
-
Alyssa Sharpe
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
-
$22,053
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
$19,069
Unresticted - Provide business expe
-
$9,028
Unresticted - Provide business expe
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202431739349300818
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