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Nonprofiteer
← SOCIAL IMPACT PARTNERS INC

Form 990 for tax year 2024

Filed by SOCIAL IMPACT PARTNERS INC.

Totals

Total revenue
$5,191,530
Total expenses
$2,640,465
Contributions and grants received
$5,138,326
Grants paid
$317,879
Program service revenue
$0
Investment income
$53,204
Other revenue
$0
Total assets, end of year
$4,531,495
Total liabilities, end of year
$359,771
Net assets or fund balances, end of year
$4,171,724
Program services expenses (Part IX)
$2,375,054
Management and general expenses
$196,467
Fundraising expenses
$68,944
Program service expenses (Part III)
$2,375,054

Program services were 89.9% 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

    $5,138,326

  • 3 · Investment income

    total $53,204 · excluded $53,204

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $317,879 · program services $317,879

  • 5 · Compensation of officers, directors and key employees

    total $254,808 · program services $224,231 · management and general $22,933 · fundraising $7,644

  • 7 · Other salaries and wages

    total $1,435,814 · program services $1,263,517 · management and general $129,223 · fundraising $43,074

  • 8 · Pension plan contributions

    total $71,169 · program services $62,629 · management and general $6,405 · fundraising $2,135

  • 9 · Other employee benefits

    total $63,662 · program services $56,022 · management and general $5,730 · fundraising $1,910

  • 10 · Payroll taxes

    total $126,721 · program services $111,515 · management and general $11,405 · fundraising $3,801

  • 11b · Fees: legal

    total $4,275 · program services $3,762 · management and general $385 · fundraising $128

  • 11c · Fees: accounting

    total $21,500 · program services $18,920 · management and general $1,935 · fundraising $645

  • 11g · Fees: other

    total $139,817 · program services $136,974 · management and general $2,388 · fundraising $455

  • 13 · Office expenses

    total $46,478 · program services $38,239 · management and general $3,487 · fundraising $4,752

  • 14 · Information technology

    total $30,596 · program services $27,160 · management and general $2,568 · fundraising $868

  • 16 · Occupancy

    total $93,871 · program services $84,170 · management and general $7,214 · fundraising $2,487

  • 19 · Conferences, conventions and meetings

    total $20,229 · program services $18,027 · management and general $1,566 · fundraising $636

  • 23 · Insurance

    total $11,298 · program services $9,942 · management and general $1,017 · fundraising $339

  • 24a · Other expenses: Bank and credit card ch

    total $2,348 · program services $2,067 · management and general $211 · fundraising $70

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,411 · end of year $36,485

  • 2 · Savings and temporary cash investments

    beginning of year $1,481,219 · end of year $1,650,188

  • 3 · Pledges and grants receivable

    beginning of year $192,416 · end of year $2,528,131

  • 9 · Prepaid expenses and deferred charges

    end of year $7,595

  • 15 · Other assets

    beginning of year $376,840 · end of year $309,096

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,331 · end of year $43,005

  • 25 · Other liabilities

    beginning of year $383,896 · end of year $316,766

  • 27 · Net assets without donor restrictions

    beginning of year $730,514 · end of year $774,336

  • 28 · Net assets with donor restrictions

    beginning of year $890,145 · end of year $3,397,388

Mission and programs · 2024

Mission

Social Impact Partners ("SIP") is an innovative nonprofit organization dedicated to closing the opportunity divide in Connecticut by expanding pathways to living wage jobs and economic mobility for all, working with partners across the nonprofit, business, higher education, and government sectors, at the local and statewide level, to advance equitable education and workforce systems and practices. SIP's vision is a thriving Connecticut where every person has equitable access to a high-quality education and sustainable livelihood.

Activities or mission (Part I)

Social Impact Partners ("SIP") is an innovative nonprofit organization dedicated to closing the opportunity divide in Connecticut by expanding pathways to living wage jobs and economic mobility for all, working with partners across the nonprofit, business, higher education, and government sectors, at the local and statewide level, to address critical gaps in early childhood care and education, strengthen public higher education's capacity to support pathways to living-wage careers, and redesign workforce development to meet 21st century challenges. SIP's vision is a thriving Connecticut where every person has equitable access to a high-quality education and sustainable livelihood.

  • Social Impact Partners ("SIP") is an innovative nonprofit organization dedicated to closing the opportunity divide in Connecticut by expanding pathways to living wage jobs and economic mobility for all, working with partners across the nonprofit, business, higher education, and government sectors, at the local and statewide level, to advance equitable education and workforce systems and practices. SIP does this by developing and implementing strategies, building capacity and catalyzing high-impact initiatives that address critical gaps in early childhood care and education, redesign workforce development to meet 21st century challenges, and strengthen public higher education's capacity to support pathways to living-wage careers. Some key accomplishments include: supporting the development and implementation of the State of Connecticut's workforce development strategic plan, supporting the development and implementation of the State's early childhood care and education Blue Ribbon strategic plan, and developing strategic priorities and an investment case for Connecticut State Colleges and Universities to better meet the needs of students, the state and employers. SIP has also worked with more than 50 nonprofit organizations in local communities by providing thousands of volunteer hours of capacity support and strategic consulting to help these organizations strengthen, scale and enhance their programs and impact.

    Expenses $2,375,054 · Grants $317,879

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Don Kendall

    Director

    Total calculated
    $0
    Hours/week
    2

  • Chris Kunhardt

    Chair

    Total calculated
    $0
    Hours/week
    5

  • Wes Alexander

    Chair DEI

    Total calculated
    $0
    Hours/week
    5

  • Mary Jaensch

    Director

    Total calculated
    $0
    Hours/week
    2

  • Susan Adamsen

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Vanessa Liles

    Director

    Total calculated
    $0
    Hours/week
    2

  • Bernie Park

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Shannon Marimon

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jessica Sager

    Director

    Total calculated
    $0
    Hours/week
    2

  • Peter Denious

    Director

    Total calculated
    $0
    Hours/week
    2

  • Amy Orenstein

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Juanita James

    Director

    Total calculated
    $0
    Hours/week
    2

  • Maggie Hulce

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jim Follett

    Director

    Total calculated
    $0
    Hours/week
    2

  • Chuck Harris

    Vice Chair

    Total calculated
    $0
    Hours/week
    5

  • Carol Heller

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Leslie Torres-Rodriguez

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mark Argosh

    Executive Director

    Total calculated
    $262,500
    From this org
    $250,000
    From related orgs
    $0
    Other
    $12,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,000
    Bonus
    $0
    Other
    $0
    Deferred
    $12,500
    Nontaxable benefits
    $0
    Filer's total
    $262,500

  • Genevive S Walker

    Highly Comp. Employee

    Total calculated
    $127,250
    From this org
    $123,000
    From related orgs
    $0
    Other
    $4,250
    Hours/week
    40

  • Wendy Foster

    Highly Comp. Employee

    Total calculated
    $189,000
    From this org
    $180,000
    From related orgs
    $0
    Other
    $9,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,000
    Bonus
    $0
    Other
    $0
    Deferred
    $9,000
    Nontaxable benefits
    $0
    Filer's total
    $189,000

  • Christopher Rivers

    Highly Comp. Employee

    Total calculated
    $188,352
    From this org
    $174,214
    From related orgs
    $0
    Other
    $14,138
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,214
    Bonus
    $0
    Other
    $0
    Deferred
    $6,461
    Nontaxable benefits
    $7,677
    Filer's total
    $188,352

  • Camille Guthrie

    Highly Comp. Employee

    Total calculated
    $161,269
    From this org
    $137,897
    From related orgs
    $0
    Other
    $23,372
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,897
    Bonus
    $0
    Other
    $0
    Deferred
    $6,986
    Nontaxable benefits
    $16,386
    Filer's total
    $161,269

  • Jennifer Gerber

    Highly Comp. Employee

    Total calculated
    $153,461
    From this org
    $153,461
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,461
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $153,461

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

None.

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

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202543159349305289

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