Form 990 for tax year 2022
Filed by SEACHANGE CAPITAL PARTNERS INC.
Totals
- Total revenue
- $2,543,842
- Total expenses
- $2,229,360
- Contributions and grants received
- $2,017,874
- Grants paid
- $810,459
- Program service revenue
- $513,917
- Investment income
- $4,061
- Other revenue
- $7,990
- Total assets, end of year
- $9,672,602
- Total liabilities, end of year
- $3,132,320
- Net assets or fund balances, end of year
- $6,540,282
- Program services expenses (Part IX)
- $1,897,929
- Management and general expenses
- $299,622
- Fundraising expenses
- $31,809
- Program service expenses (Part III)
- $1,897,929
Program services were 85.1% 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.
-
1f · All other contributions, gifts and grants
$2,017,874
-
2a · Program service revenue: Advisory Consulting
total $76,490 · related or exempt $76,490
-
2b · Program service revenue: Management Fees
total $437,427 · related or exempt $437,427
-
3 · Investment income
total $4,061 · excluded $4,061
-
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: LOAN INTEREST
total $7,990 · related or exempt $7,990
-
11e · Other revenue, total
$7,990
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $810,459 · program services $810,459
-
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 $493,946 · program services $385,279 · management and general $93,849 · fundraising $14,818
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $376,457 · program services $289,982 · management and general $75,181 · fundraising $11,294
-
8 · Pension plan contributions
total $71,063 · program services $55,429 · management and general $13,502 · fundraising $2,132
-
9 · Other employee benefits
total $5,656 · program services $4,089 · management and general $1,397 · fundraising $170
-
10 · Payroll taxes
total $65,480 · program services $50,800 · management and general $12,716 · fundraising $1,964
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $2,883 · program services $2,382 · management and general $501
-
11c · Fees: accounting
total $79,221 · program services $68,922 · management and general $10,299
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $218,061 · program services $189,726 · management and general $28,335
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $2,591 · management and general $2,591
-
14 · Information technology
total $6,626 · program services $5,140 · management and general $1,287 · fundraising $199
-
15 · Royalties
total $0
-
16 · Occupancy
total $12,456 · program services $9,662 · management and general $2,420 · fundraising $374
-
17 · Travel
total $38,221 · program services $4,430 · management and general $33,498 · fundraising $293
-
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 $4,441 · program services $3,446 · management and general $862 · fundraising $133
-
23 · Insurance
total $10,131 · program services $7,860 · management and general $1,967 · fundraising $304
-
24a · Other expenses: PAYROLL SERVICE FEE
total $18,768 · management and general $18,768
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $7,898 · program services $7,015 · management and general $883
-
24c · Other expenses: MISCELLANEOUS
total $4,265 · program services $3,308 · management and general $829 · fundraising $128
-
24d · Other expenses: Printing and Publications
total $737 · management and general $737
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,051,472 · end of year $7,674,984
-
2 · Savings and temporary cash investments
beginning of year $791,790 · end of year $203,146
-
3 · Pledges and grants receivable
beginning of year $533,842 · end of year $323,252
-
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
beginning of year $22,650 · end of year $66,000
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $134,587 · end of year $246,982
-
10a · Land, buildings and equipment: cost or other basis
$65,238
-
10b · Land, buildings and equipment: accumulated depreciation
$62,686
-
10c · Land, buildings and equipment, net
beginning of year $4,823 · end of year $2,552
-
11 · Investments: publicly traded securities
beginning of year $19,127 · end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $1,081,156 · end of year $1,155,685
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $1
-
17 · Accounts payable and accrued expenses
beginning of year $28,041 · end of year $14,195
-
18 · Grants payable
beginning of year $662,500 · end of year $650,000
-
25 · Other liabilities
beginning of year $701,921 · end of year $2,468,125
-
27 · Net assets without donor restrictions
beginning of year $2,160,267 · end of year $2,245,634
-
28 · Net assets with donor restrictions
beginning of year $4,086,718 · end of year $4,294,648
Mission and programs · 2022
Mission
SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONALCHALLENGES. WE DO THIS WITH GRANTS, LOANS, CONSULTING, AND RESEARCH TO EDUCATE NONPROFITS, FUNDERS, AND OTHER STAKEHOLDERS. SEACHANGE ALSO WORKS TO BUILD EFFECTIVE CONNECTIONS BETWEEN FUNDERS AND NONPROFITS ON THE ASSOCIATED ISSUES. WE FOCUS IN FOUR AREAS:IN MERGERS AND SUSTAINED COLLABORATION, WE SUPPORT NONPROFITS THAT ALREADY HAVE ASERIOUS INTEREST IN COMING TOGETHEROR IN EXPLORING HOW THEY MIGHTBY COVERING APORTION OF THE COSTS OF EXPLORING OR COMPLETING THE TRANSACTION. WE MANAGE FOURGRANTMAKING PROGRAMSTHE SEACHANGE-LODESTAR FUND FOR NONPROFIT COLLABORATION, THE NEW YORK MERGER AND COLLABORATION FUND, THE GREATER PHILADELPHIA NONPROFIT REPOSITIONING FUND, AND THE TRANSFORMATIONAL PARTNERSHIPS FUND (WITH A FOCUS ON HIGHER EDUCATION) THAT PROVIDE FUNDING TO ENCOURAGE AND SUPPORT MERGERS, ACQUISITIONS, JOINT VENTURES, AND OTHER TYPES OF FORMAL, SUSTAINED COLLABORATIONS BETWEEN NONPROFITS. SEACHANGE IS A FOUNDIN
Activities or mission (Part I)
SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONAL CHALLENGES. WE DO THIS WITH GRANTS, LOANS, CONSULTING, AND RESEARCH TO EDUCATE NONPROFITS, FUNDERS, AND OTHER STAKEHOLDERS. SEACHANGE ALSO WORKS TO BUILD EFFECTIVE CONNECTIONS BETWEEN FUNDERS AND NONPROFITS ON THE ASSOCIATED ISSUES.
-
SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONAL CHALLENGES. WE DO THIS WITH GRANTS, LOANS, CONSULTING, AND RESEARCH TO EDUCATE NONPROFITS, FUNDERS, AND OTHER STAKEHOLDERS. SEACHANGE ALSO WORKS TO BUILD EFFECTIVE CONNECTIONS BETWEEN FUNDERS AND NONPROFITS ON THE ASSOCIATED ISSUES.SEACHANGE LAUNCHED IN EARLY 2008 WITH SUPPORT FROM THE BILL & MELINDA GATES FOUNDATION, OMIDYAR NETWORK, THE WILLIAM AND FLORA HEWLETT FOUNDATION, THE SURDNA FOUNDATION, GOLDMAN SACHS, AND A GROUP OF INDIVIDUAL PHILANTHROPISTS. AFTER AN INITIAL FOCUS ON EDUCATION AND YOUTH DEVELOPMENT THROUGH THE CATALYST FUND (2008-2016), SEACHANGE EXPANDED INTO SUSTAINED COLLABORATION WITH THE SEACHANGE-LODESTAR FUND FOR NONPROFIT COLLABORATION (2009-PRESENT), THE NEW YORK MERGER AND COLLABORATION FUND (NYMAC, 2012-PRESENT), THE GREATER PHILADELPHIA NONPROFIT REPOSITIONING FUND (NONPROFIT REPOSITIONING FUND, 2018-PRESENT), AND THE TRANSFORMATIONAL PARTNERSHIPS FUND (2020-PRESENT); INTO CREDIT WITH THE CONTACT FUND (2013-PRESENT) AND THE SEACHANGE SPECIAL IMPACT FUND LLC (2020-PRESENT); AND INTO IMPACT INVESTING WITH THE NEW YORK POOLED PRI FUND (NYPRI, 2014-PRESENT)AND THE NEW YORK IMPACT OPPORTUNITIES FUND, LLC (2021-PRESENT)NYPRI AND THE CONTACT FUND ARE BOTH SEPARATE LEGAL ENTITIES; SEACHANGE SERVES AS THE MANAGING MEMBER OF NYPRI AND MANAGES CONTACT FUND PURSUANT TO A MANAGEMENT SERVICES AGREEMENT. NYMAC, THE CATALYST FUND, THE SEACHANGE-LODESTAR FUND FOR NONPROFIT COLLABORATION, THE NONPROFIT REPOSITIONING FUND, AND THE TRANSFORMATIONAL PARTNERSHIPS FUND ARE GRANTMAKING PROGRAMS OF SEACHANGE THAT ARE REFERRED TO AS FUNDS BECAUSE EACH HAS A DISTINCT SET OF PHILANTHROPIC FUNDERS TO WHOM CERTAIN GOVERNANCE RIGHTS HAVE BEEN GRANTED. NONE OF THESE FIVE PROGRAMS ARE DISTINCT LEGAL ENTITIES.IN 2011, SEACHANGE BEGAN PROVIDING ANALYSIS AND ADVICE (I.E. CONSULTING) IN RESPONSE TO REQUESTS FROM NONPROFITS AND FUNDERS. OUR WORK WILL CONTINUE TO EVOLVE IN RESPONSE TO CHANGES IN THE ENVIRONMENT, FEEDBACK FROM THE MARKET, AND REFLECTION ON OUR ACCOMPLISHMENTS AND CHALLENGES. SEACHANGE ALSO REGULARLY RELEASES REPORTS ANALYZING MAJOR ISSUES FOR THE NONPROFIT SECTOR, AS WELL AS OPINION PIECES IN VARIOUS PUBLICATIONS.DURING 2022, SEACHANGE MADE GRANTS TO SUPPORT 38 SUSTAINED COLLABORATION TRANSACTIONS ACROSS THE SEACHANGE-LODESTAR FUND (15), NYMAC (4), THE NONPROFIT REPOSITIONING FUND (7), AND THE TRANSFORMATIONAL PARTNERSHIPS FUND (12), COMPARED TO 36 TOTAL GRANTS FUNDED IN 2021. SEACHANGE HAD A STAFF OF 6 FULL-TIME EMPLOYEES IN 2022 AND 7 IN 2021.
Expenses $1,897,929 · Grants $450,000 · Revenue $513,917
As filed on the 2022 return.
Listed in Part VII
-
John MacIntoshJOHN MACINTOSH
MNG PARTNER
- Total calculated
- $205,964
- From this org
- $187,112
- From related orgs
- $0
- Other
- $18,852
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,112
- Bonus
- not reported
- Other
- not reported
- Deferred
- $18,250
- Nontaxable benefits
- $602
- Filer's total
- $205,964
-
Tajreena TabassoomTAJREENA TABASSOOM
PARTNER
- Total calculated
- $178,130
- From this org
- $162,370
- From related orgs
- $0
- Other
- $15,760
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,370
- Bonus
- not reported
- Other
- not reported
- Deferred
- $15,271
- Nontaxable benefits
- $489
- Filer's total
- $178,130
-
Jessica L CavagneroJESSICA L CAVAGNERO
FMR Treasurer
- Total calculated
- $159,361
- From this org
- $144,465
- From related orgs
- $0
- Other
- $14,896
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $144,465
- Bonus
- not reported
- Other
- not reported
- Deferred
- $14,128
- Nontaxable benefits
- $768
- Filer's total
- $159,361
-
Aaron SiegelAARON SIEGEL
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mark E Reed IIIMARK E REED III
Trustee
- Total calculated
- $0
- Hours/week
- 10
-
Valarie GayVALARIE GAY
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
W Bowman CutterW BOWMAN CUTTER
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Georgia Levenson KeohaneGEORGIA LEVENSON KEOHANE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Tata Traor-Rogers
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Margaret CrottyMARGARET CROTTY
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Taylor KushnerTAYLOR KUSHNER
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Frank LiuFRANK LIU
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Sister Paulette LomonacoSISTER PAULETTE LOMONACO
Trustee
- 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. 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 · Form 990 of other organizations
- 3 · Written employment contract
- 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
-
AIHS - RESTRUCTURING
$296,450
OTHER
-
Trocaire College - Medaille U
$100,000
OTHER
-
URBAN COLLEGE - SNHU
$100,000
OTHER
-
WILBERFORCE - CENTRAL STATE U
$100,000
OTHER
-
CCI - FCNY SPINOUT
$80,000
SPIN-OUT
-
COMMONPOINT QUEENS
$76,000
FACILITATE MERGER BETWEEN TWO ORGS.
-
NCK TECH - NWKTC - FORT HAYS
$51,137
OTHER
-
PAFA - DREXEL GRANT
$50,000
OTHER
-
TIFFIN-MERCY
$30,000
OTHER
-
WILBERFORCE-DEL STATE-TUSKGEE
$25,000
OTHER
The 10 largest by cash amount. The API serves every itemized grant.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
THE SPECIAL IMPACT FUND LLC
NY · income $10,947
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 28 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332719349300418
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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