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Nonprofiteer
← SOCIAL VENTURE PARTNERS BOSTON

Form 990 for tax year 2022

Filed by SOCIAL VENTURE PARTNERS BOSTON.

Totals

Total revenue
$436,162
Total expenses
$458,952
Contributions and grants received
$403,260
Grants paid
$146,750
Program service revenue
$0
Investment income
$0
Other revenue
$32,902
Total assets, end of year
$164,025
Total liabilities, end of year
$119,569
Net assets or fund balances, end of year
$44,456
Program services expenses (Part IX)
$229,570
Management and general expenses
$151,124
Fundraising expenses
$78,258
Program service expenses (Part III)
$229,570

Program services were 50.0% 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

    $175,750

  • 1f · All other contributions, gifts and grants

    $227,510

  • 11a · Other revenue: STIMULUS/COVID CREDITS

    total $32,902 · related or exempt $32,902

  • 11e · Other revenue, total

    $32,902

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $146,750 · program services $146,750

  • 5 · Compensation of officers, directors and key employees

    total $155,644 · program services $42,121 · management and general $68,075 · fundraising $45,448

  • 7 · Other salaries and wages

    total $55,593 · program services $22,410 · management and general $25,464 · fundraising $7,719

  • 10 · Payroll taxes

    total $16,935 · program services $5,815 · management and general $6,520 · fundraising $4,600

  • 11c · Fees: accounting

    total $25,010 · management and general $25,010

  • 13 · Office expenses

    total $9,263 · program services $723 · management and general $4,680 · fundraising $3,860

  • 14 · Information technology

    total $8,269 · management and general $8,269

  • 17 · Travel

    total $1,982 · program services $287 · management and general $903 · fundraising $792

  • 19 · Conferences, conventions and meetings

    total $3,529 · program services $321 · management and general $2,343 · fundraising $865

  • 23 · Insurance

    total $2,389 · management and general $2,389

  • 24a · Other expenses: EVENT AND EDUCATION SES

    total $19,214 · program services $5,106 · fundraising $14,108

  • 24b · Other expenses: MEMBERSHIP DUES/FEES

    total $6,000 · program services $6,000

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $5,310 · program services $37 · management and general $5,050 · fundraising $223

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $3,064 · management and general $2,421 · fundraising $643

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $120,447 · end of year $151,649

  • 2 · Savings and temporary cash investments

    beginning of year $2,520 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $8,983 · end of year $11,029

  • 9 · Prepaid expenses and deferred charges

    end of year $1,347

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,454 · end of year $13,319

  • 18 · Grants payable

    beginning of year $56,250 · end of year $106,250

  • 27 · Net assets without donor restrictions

    beginning of year $58,633 · end of year $44,456

  • 28 · Net assets with donor restrictions

    beginning of year $8,613 · end of year $0

Mission and programs · 2022

Mission

SVP BOSTON, A GROUP OF DIVERSE, HIGHLY SKILLED PROFESSIONALS, COLLABORATES WITH CAREFULLY SELECTED BOSTON AREA NONPROFITS BY INVESTING THEIR TIME, SKILLS, AND MONEY TO INCREASE THE CAPACITY OF THESE NONPROFITS TO DELIVER MEANINGFUL SOCIAL IMPACT. IN ITS COMBINATION OF FUNDING AND VOLUNTEERING, SVP BOSTON PROVIDES A UNIQUE, TARGETED, AND HIGHLY LEVERAGED PHILANTHROPIC FUNDING SOURCE TO THE BOSTON AREA NONPROFIT COMMUNITY, WHILE ALSO ENABLING ITS GRANT RECIPIENTS TO ACCESS STRATEGIC-LEVEL VOLUNTEERS, ADVICE, CONTACTS, AND ORGANIZATIONAL PRACTICES.IN ADDITION TO PROVIDING FUNDING AND VOLUNTEER EXPERTISE TO CAREFULLY SELECTED BOSTON AREA NONPROFITS, SVP BOSTON ALSO SEEKS TO DEVELOP EFFECTIVE PHILANTHROPY IN THE BOSTON AREA BY EDUCATING ITS PARTNERS TO BE INFORMED, EFFECTIVE, LIFE-LONG PHILANTHROPISTS. AS SUCH, SVP BOSTON IS A CATALYST FOR CHARITABLE GIVING AND FOR MAKING CHARITABLE GIFTS MORE EFFECTIVELY IN THE BOSTON AREA.

Activities or mission (Part I)

SVP BOSTON, A GROUP OF DIVERSE, HIGHLY SKILLED PROFESSIONALS, COLLABORATES WITH CAREFULLY SELECTED BOSTON AREA NON-PROFITS BY INVESTING THEIR TIME, SKILLS, AND MONEY TO INCREASE THE CAPACITY OF THESE NON-PROFITS TO DELIVER MEANINGFUL SOCIAL IMPACT. IN ITS COMBINATION OF FUNDING AND VOLUNTEERING, SVP BOSTON PROVIDES A UNIQUE, TARGETED, AND HIGHLY LEVERAGED PHILANTHROPIC FUNDING SOURCE TO THE BOSTON AREA NON-PROFIT COMMUNITY, WHILE ALSO ENABLING ITS GRANT RECIPIENTS TO ACCESS STRATEGIC-LEVEL VOLUNTEERS, ADVICE, CONTACTS, AND ORGANIZATIONAL PRACTICES.IN ADDITION TO PROVIDING FUNDING AND VOLUNTEER EXPERTISE TO CAREFULLY SELECTED BOSTON AREA NONPROFITS, SVP BOSTON ALSO SEEKS TO DEVELOP EFFECTIVE PHILANTHROPY IN THE BOSTON AREA BY EDUCATING ITS PARTNERS TO BE INFORMED, EFFECTIVE, LIFE-LONG PHILANTHROPISTS. AS SUCH, SVP BOSTON IS A CATALYST FOR CHARITABLE GIVING AND FOR MAKING CHARITABLE GIFTS MORE EFFECTIVELY IN THE BOSTON AREA.

  • GRANTMAKING:SVP BOSTON PROVIDES GENERAL OPERATING SUPPORT GRANTS TO A PORTFOLIO OF CAREFULLY SELECTED NONPROFITS. FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, THE ORGANIZATION PROVIDED CASH GRANTS TOTALING $146,750 AND $122,500 TO ELEVEN AND SEVEN NONPROFIT ORGANIZATIONS, RESPECTIVELY.NONPROFIT CAPACITY BUILDING:SVP BOSTON SUPPORTS CAPACITY BUILDING FOR ITS INVESTEES BY PROVIDING CASH GRANTS AND SKILLED VOLUNTEERS. SVP BOSTON HELPS NONPROFITS BE AS EFFECTIVE AS POSSIBLE IN DELIVERING THEIR PROGRAMS AND SERVICES BY HELPING TO BUILD THEIR ORGANIZATIONAL CAPACITY. SVP BOSTON DEFINES ORGANIZATIONAL CAPACITY BUILDING AS THE DEVELOPMENT OF CORE SKILLS, MANAGEMENT PRACTICES, STRATEGIES, AND SYSTEMS TO ENHANCE AN ORGANIZATION'S EFFECTIVENESS, SUSTAINABILITY, AND ABILITY TO FULFILL ITS MISSION. PHILANTHROPY DEVELOPMENT:SVP BOSTON PROVIDES WORKSHOPS, SEMINARS, AND EXPERIENTIAL LEARNING OPPORTUNITIES FOR ITS PARTNERS IN ORDER TO (1) INCREASE THEIR USE OF STRATEGIC GIVING STRATEGIES; (2) INCREASE ENGAGEMENT IN THEIR COMMUNITIES; AND (3) INCREASE THEIR AMOUNT OF GIVING. LEARNING AREAS INCLUDE GRANT MAKING, VOLUNTEERING, SECTORAL ISSUES AND THE NONPROFIT SECTOR.

    Expenses $229,570 · Grants $146,750

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MONICA NOETHER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BILL ASHER

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARVA SEROTKIN

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KEYUR PATEL

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON ALLEN

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY GARBER

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN VALPEY

    FORMER CLERK

    Total calculated
    $0
    Hours/week
    1

  • CHARLES DANIELS

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TERRIE PERELLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOEL ROSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEGAN WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NIKHIL GAVAI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIM WILLINGHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON WILLIAMS

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $155,260
    From this org
    $145,035
    From related orgs
    $0
    Other
    $10,225
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,035
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,225
    Filer's total
    $155,260

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 · 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

Provenance

Return type
form_990
Tax year
2022
Filed
11 October 2023
IRS schema version
2022v5.0
Source object
202332859349301323

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