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Nonprofiteer
← SOCIAL CURRENT INC

Form 990 for tax year 2023

Filed by SOCIAL CURRENT INC.

Totals

Total revenue
$14,696,029
Total expenses
$15,458,619
Contributions and grants received
$3,178,958
Grants paid
$605,248
Program service revenue
$10,791,101
Investment income
$463,170
Other revenue
$262,800
Total assets, end of year
$24,648,118
Total liabilities, end of year
$10,259,032
Net assets or fund balances, end of year
$14,389,086
Program services expenses (Part IX)
$11,063,601
Management and general expenses
$3,518,962
Fundraising expenses
$876,056
Program service expenses (Part III)
$11,063,601

Program services were 71.6% 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.

  • 1e · Government grants (contributions)

    $700,581

  • 1f · All other contributions, gifts and grants

    $2,478,377

  • 2a · Program service revenue: ACCREDITATION FEES

    total $6,040,758 · related or exempt $6,040,758

  • 2b · Program service revenue: SITE VISITS

    total $2,328,743 · related or exempt $2,328,743

  • 2c · Program service revenue: ENGAGEMENT PACKAGES

    total $1,010,880 · related or exempt $1,010,880

  • 2d · Program service revenue: CONSULT. & PROG. SERVICES

    total $780,988 · related or exempt $780,988

  • 2e · Program service revenue: REGISTRATION FEES

    total $349,891 · related or exempt $334,141 · excluded $15,750

  • 2f · All other program service revenue

    total $279,841 · related or exempt $279,841

  • 3 · Investment income

    total $627,197 · excluded $627,197

  • 6a · Gross rents

    real property $261,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $261,000

  • 6d · Net rental income or loss

    total $261,000 · excluded $261,000

  • 7a · Gross sales of assets other than inventory

    securities $6,895,462

  • 7b · Less cost or other basis and sales expenses

    securities $7,059,489

  • 7c · Gain or loss

    securities -$164,027

  • 7d · Net gain or loss

    total -$164,027 · excluded -$164,027

  • 11a · Other revenue: OTHER INCOME

    total $1,800 · excluded $1,800

  • 11e · Other revenue, total

    $1,800

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $569,248 · program services $569,248

  • 3 · Grants to foreign organizations and individuals

    total $36,000 · program services $36,000

  • 5 · Compensation of officers, directors and key employees

    total $932,370 · program services $469,450 · management and general $412,306 · fundraising $50,614

  • 7 · Other salaries and wages

    total $6,263,546 · program services $5,229,561 · management and general $560,852 · fundraising $473,133

  • 8 · Pension plan contributions

    total $242,833 · program services $202,259 · management and general $22,144 · fundraising $18,430

  • 9 · Other employee benefits

    total $1,095,484 · program services $890,328 · management and general $123,365 · fundraising $81,791

  • 10 · Payroll taxes

    total $569,875 · program services $453,510 · management and general $74,699 · fundraising $41,666

  • 11b · Fees: legal

    total $7,813 · management and general $7,813

  • 11c · Fees: accounting

    total $96,000 · management and general $96,000

  • 11f · Fees: investment management

    total $56,271 · management and general $56,271

  • 11g · Fees: other

    total $891,384 · program services $815,424 · management and general $75,287 · fundraising $673

  • 12 · Advertising and promotion

    total $170,614 · program services $109,825 · management and general $281 · fundraising $60,508

  • 13 · Office expenses

    total $53,656 · program services $6,099 · management and general $36,833 · fundraising $10,724

  • 14 · Information technology

    total $117,457 · program services $68,297 · management and general $49,051 · fundraising $109

  • 16 · Occupancy

    total $727,397 · program services $68,784 · management and general $658,132 · fundraising $481

  • 17 · Travel

    total $186,965 · program services $142,086 · management and general $41,981 · fundraising $2,898

  • 19 · Conferences, conventions and meetings

    total $301,362 · program services $229,330 · management and general $66,869 · fundraising $5,163

  • 22 · Depreciation, depletion and amortization

    total $193,936 · program services $15,007 · management and general $178,929

  • 23 · Insurance

    total $87,356 · management and general $87,356

  • 24a · Other expenses: VOL. TRAVEL & APPREC.

    total $1,509,210 · program services $1,498,797 · management and general $10,413

  • 24b · Other expenses: EQUIP. MAINT. & RENTAL

    total $462,499 · program services $40,515 · management and general $421,431 · fundraising $553

  • 24c · Other expenses: MERGER TRANSITION COSTS

    total $375,000 · management and general $279,758 · fundraising $95,242

  • 24d · Other expenses: HR SERVICE FEES

    total $215,215 · program services $171,271 · management and general $28,211 · fundraising $15,733

  • 24e · All other expenses

    total $297,128 · program services $47,810 · management and general $230,980 · fundraising $18,338

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $929,098 · end of year $292,676

  • 2 · Savings and temporary cash investments

    beginning of year $242,409 · end of year $1,163,028

  • 3 · Pledges and grants receivable

    beginning of year $186,144 · end of year $38,542

  • 4 · Accounts receivable

    beginning of year $1,569,490 · end of year $1,695,607

  • 9 · Prepaid expenses and deferred charges

    beginning of year $203,432 · end of year $158,636

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

    $2,100,494

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

    $1,690,499

  • 10c · Land, buildings and equipment, net

    beginning of year $601,812 · end of year $409,995

  • 11 · Investments: publicly traded securities

    beginning of year $18,192,379 · end of year $17,736,833

  • 15 · Other assets

    beginning of year $3,755,303 · end of year $3,152,801

  • 17 · Accounts payable and accrued expenses

    beginning of year $901,111 · end of year $812,525

  • 19 · Deferred revenue

    beginning of year $5,628,190 · end of year $5,343,461

  • 25 · Other liabilities

    beginning of year $5,215,528 · end of year $4,103,046

  • 27 · Net assets without donor restrictions

    beginning of year $11,788,882 · end of year $11,564,013

  • 28 · Net assets with donor restrictions

    beginning of year $2,146,356 · end of year $2,825,073

Mission and programs · 2023

Mission

SOCIAL CURRENT'S MISSION AS DEVELOPED AND APPROVED BY ITS BOARD OF DIRECTORS IS TO ADVOCATE FOR AND IMPLEMENT EQUITABLE SOLUTIONS TO SOCIETY'S TOUGHEST CHALLENGES THROUGH COLLABORATION, INNOVATION, POLICY, AND PRACTICE EXCELLENCE.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • SOCIAL CURRENT'S MAIN PROGRAM IS COA ACCREDITATION. THE ACCREDITATION PROCESS IS AN INDEPENDENT, OBJECTIVE AND RELIABLE VERIFICATION THAT ORGANIZATIONS AND PROGRAMS QUALIFY FOR THE CONFIDENCE AND SUPPORT OF THEIR STAKEHOLDERS. IT INVOLVES A DETAILED REVIEW AND ANALYSIS OF AN ORGANIZATION'S OR PROGRAM'S ADMINISTRATIVE FUNCTIONS AND SERVICE DELIVERY PRACTICES. ALL ARE MEASURED AGAINST INTERNATIONAL STANDARDS OF BEST PRACTICE. SOCIAL CURRENT ACCREDITED 351 ORGANIZATIONS IN 2023.SOCIAL CURRENT ACCREDITED 268 ORGANIZATIONS UNDER ITS 8TH EDITION STANDARDS, 12 ORGANIZATIONS UNDER ITS PUBLIC STANDARDS AND 71 ORGANIZATIONS UNDER ITS CHILD AND YOUTH DEVELOPMENT PROGRAMS. SOCIAL CURRENT CONDUCTED 413 SITE VISITS INCLUDING 316 8TH EDITION REVIEWS, 15 PUBLIC REVIEWS, 82 CHILD AND YOUTH DEVELOPMENT REVIEWS. IN 2023 COA MADE 1,518 UPDATES TO EXISTING STANDARD SECTIONS.

    Expenses $4,841,159 · Revenue $8,453,226

  • GRANTS AND DONATIONS ARE USED TO SUPPORT SOCIAL CURRENT'S WORK IN CHILD, FAMILY, AND COMMUNITY WELL-BEING TO TRANSFORM SYSTEMS AND ORGANIZATIONS THAT INTERFACE WITH CHILDREN AND FAMILIES AND ACTIVITIES THAT EQUIP POLICYMAKERS, PRACTITIONERS, AND ADVOCATES WITH THE TOOLS THEY NEED TO FUNDAMENTALLY REFORM CHILD WELFARE TO WORKING TO REDUCE CHILD ABUSE AND NEGLECT FATALITIES. THE FUNDS ALSO SUPPORT EQUITY, DIVERSITY, AND INCLUSION EFFORTS FOCUSED ON BUILDING ORGANIZATIONAL CAPACITY FOR EDI. FUNDS ALSO SUPPORT OUR WORK IN WORKFORCE RESILIENCE AND BRAIN SCIENCE TO ADVANCE UNDERSTANDING OF BRAIN-AWARE PERSPECTIVES AND STAY REGULATED, BUILD PSYCHOLOGICAL SAFETY, PRIORITIZE POSITIVE WORKPLACE CULTURE, AND INCREASE CONNECTION.

    Expenses $2,650,618 · Grants $605,248 · Revenue $5,000

  • SPARK AND ENGAGEMENT PACKAGES: SPARK UNITES PRACTICE EXCELLENCE, INNOVATION, AND FEDERAL POLICY ADVOCACY TO ADVANCE OUR SECTOR'S IMPACT AND HELP ALL FAMILIES AND COMMUNTIES THRIVE. THIS IN-PERSON EVENT ELEVATED IMPORTANT CONVERSATIONS AROUND OUR MOST VEXING CHALLENGES AND SHOWCASED INSIGHT AND EXPERTISE FROM THE FIELD. THIS EVENT IS DESIGNED FOR LEADERS WHO ARE FUELED BY A COMMITMENT TO ADVANCE EQUITY AND IMPROVE THE WELL-BEING OF ALL PEOPLE. WE SHARED INSPIRATION AND PRACTICE TOOLS FOR IMPLEMENTING INNOVATIVE PRACTICE, POLICY, AND RESEARCH. ENGAGEMENT PACKAGES PROVIDE ACCESS TO A HOST OF TOOLS, RESOURCES, LEARNING, AND NETWORKING OPPORTUNITIES INCLUDING SPARK EXCHANGE GROUPS (PEER TO PEER NETWORKING), A KNOWLEDGE AND INSIGHTS CENTER (LIBRARY AND RESEARCH LIBRARIAN SERVICES), AND A RANGE OF WEBINARS AND SELF-PACED TRAININGS IN AREAS THAT SUPPORT THE IMPLEMENTATION OF BEST PRACTICES. WE ALSO REPRESENT THE POLICY INTERESTS OF THE NETWORK TO FEDERAL AND STATE LEGISLATURES AND EXECUTIVE BRANCHES AND DEPARTMENTS.

    Expenses $2,121,117 · Revenue $1,291,921

  • CONSULTING AND EDI: SOCIAL CURRENT'S GOAL IS TO MOVE TOWARDS UPSTREAM, INTEGRATED SOLUTIONS THAT PUT EQUITY AND COMMUNITY AT THE CENTER OF OUR WORK AND THE WORK OF OTHER HUMAN AND SOCIAL SERVICES ORGANIZATIONS. SOCIAL CURRENT'S OUTCOMES-FOCUSED LENS AND PARTNERSHIP APPROACH SUPPORTS ORGANIZATIONS TO BE HIGH IMPACT. THROUGH ITS STRATEGIC CONSULTING SERVICES, SOCIAL CURRENT'S TEAM WORKS TO CREATE CHAMPIONS FOR AN ORGANIZATION'S MISSION IMPACT AND FOR LARGER SYSTEMIC CHANGE.

    Expenses $982,443 · Revenue $1,025,204

  • POLICY: SOCIAL CURRENT BELIEVES OUR COUNTRY THRIVES WHEN EVERYONE CAN REACH THEIR FULL POTENTIAL. WE WORK TOGETHER, WITH OUR FIELD AND SECTOR, TO ADVOCATE AND MOBILIZE AROUND PUBLIC POLICY ISSUES THAT HELP ALL PEOPLE REACH THEIR FULL POTENTIAL. SOCIAL CURRENT'S FEDERAL PUBLIC POLICY AGENDA POWERS OUR POLICY AND ADVOCACY EFFORTS, AS WE WORK TO BUILD AN EQUITABLE SOCIETY WHERE ALL PEOPLE THRIVE.

    Expenses $468,264

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Annette Rodriguez

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Gary Blau

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Reuben Rotman

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Adria Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bob Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ralph Bayard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Father Steven Boes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alexandra L Cawthorne Gaines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard J Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Devlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Samuel Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald W Layden Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Montorio-Archer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Edgar Ramirez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Sanborn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracy Wareing Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jody Levison-Johnson

    PRESIDENT AND CEO

    Total calculated
    $413,674
    From this org
    $381,463
    From related orgs
    $0
    Other
    $32,211
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $381,463
    Bonus
    $0
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $19,011
    Filer's total
    $413,674

  • James Carr

    CFO

    Total calculated
    $217,180
    From this org
    $189,088
    From related orgs
    $0
    Other
    $28,092
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,088
    Bonus
    $0
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $20,092
    Filer's total
    $217,180

  • Lenore Schell

    SR. VP STRATEGIC BUS. INNOVATION

    Total calculated
    $180,800
    From this org
    $155,321
    From related orgs
    $0
    Other
    $25,479
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,821
    Bonus
    $500
    Other
    $0
    Deferred
    $6,468
    Nontaxable benefits
    $19,011
    Filer's total
    $180,800

  • Arabella Perez Director Until

    7/2023), COO (AS OF 8/2023)

    Total calculated
    $62,038
    From this org
    $52,888
    From related orgs
    $0
    Other
    $9,150
    Hours/week
    40

  • Ruby Goyal-Carkeek

    SVP, ACCREDITATION (UNTIL 4/2023)

    Total calculated
    $58,678
    From this org
    $56,421
    From related orgs
    $0
    Other
    $2,257
    Hours/week
    40

  • Amy Templeman

    SR. DIR., CHILD & FAMILY WELL-BEING

    Total calculated
    $178,611
    From this org
    $171,741
    From related orgs
    $0
    Other
    $6,870
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,641
    Bonus
    $100
    Other
    $2,000
    Deferred
    $6,870
    Nontaxable benefits
    $0
    Filer's total
    $178,611

  • John Sidoti

    SR. DIR. OF INFORMATION TECHNOLOGY

    Total calculated
    $170,099
    From this org
    $136,249
    From related orgs
    $0
    Other
    $33,850
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,249
    Bonus
    $0
    Other
    $0
    Deferred
    $5,785
    Nontaxable benefits
    $28,065
    Filer's total
    $170,099

  • Joseph Seoane

    SR. DIRECTOR - NETWORK RETENTION

    Total calculated
    $165,733
    From this org
    $139,779
    From related orgs
    $0
    Other
    $25,954
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,779
    Bonus
    $1,000
    Other
    $0
    Deferred
    $5,862
    Nontaxable benefits
    $20,092
    Filer's total
    $165,733

  • Michael De Cicco

    SR. DIR. OF MARKETING, COMMS & PR

    Total calculated
    $165,775
    From this org
    $140,901
    From related orgs
    $0
    Other
    $24,874
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,801
    Bonus
    $100
    Other
    $0
    Deferred
    $5,863
    Nontaxable benefits
    $19,011
    Filer's total
    $165,775

  • Blair Abelle-Kiser

    SR. DIR. OF GOV'T AFFAIRS & POLICY

    Total calculated
    $136,969
    From this org
    $131,701
    From related orgs
    $0
    Other
    $5,268
    Hours/week
    40

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 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
MERIT-BASED BONUS COMPENSATION IS REPORTED IN SCHEDULE J, PART II, COLUMN B(II).

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202413059349300541

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.