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Nonprofiteer
← SOCIAL VENTURE PARTNERS PORTLAND

Form 990 for tax year 2023

Filed by SOCIAL VENTURE PARTNERS PORTLAND.

Totals

Total revenue
$1,580,811
Total expenses
$1,713,256
Contributions and grants received
$1,419,046
Grants paid
$613,429
Program service revenue
$150,200
Investment income
$10,884
Other revenue
$681
Total assets, end of year
$1,900,171
Total liabilities, end of year
$451,027
Net assets or fund balances, end of year
$1,449,144
Program services expenses (Part IX)
$1,040,186
Management and general expenses
$448,756
Fundraising expenses
$224,314
Program service expenses (Part III)
$1,040,186

Program services were 60.7% 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.

  • 1c · Fundraising events

    $312,625

  • 1f · All other contributions, gifts and grants

    $1,106,421

  • 2a · Program service revenue: ENCORE FELLOWS ADMIN F

    total $150,200 · related or exempt $150,200

  • 3 · Investment income

    total $10,823 · excluded $10,823

  • 7a · Gross sales of assets other than inventory

    securities $7,670

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

    securities $7,609

  • 7c · Gain or loss

    securities $61

  • 7d · Net gain or loss

    total $61 · excluded $61

  • 8a · Fundraising events: gross income

    $167,973

  • 8a · Fundraising events: contributions included on line 1c

    $312,625

  • 8b · Fundraising events: direct expenses

    $167,973

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: UNCOLLECTED PLEDGE DIS

    total $681 · excluded $681

  • 11e · Other revenue, total

    $681

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $613,429 · program services $613,429

  • 5 · Compensation of officers, directors and key employees

    total $153,875 · program services $95,643 · management and general $44,970 · fundraising $13,262

  • 7 · Other salaries and wages

    total $351,970 · program services $218,771 · management and general $102,863 · fundraising $30,336

  • 8 · Pension plan contributions

    total $9,544 · program services $5,932 · management and general $2,789 · fundraising $823

  • 9 · Other employee benefits

    total $20,875 · program services $12,975 · management and general $6,101 · fundraising $1,799

  • 10 · Payroll taxes

    total $46,405 · program services $28,843 · management and general $13,562 · fundraising $4,000

  • 11c · Fees: accounting

    total $13,731 · management and general $13,731

  • 11g · Fees: other

    total $365,810 · program services $46,165 · management and general $258,324 · fundraising $61,321

  • 13 · Office expenses

    total $14,731 · program services $4,779 · management and general $2,260 · fundraising $7,692

  • 16 · Occupancy

    total $6,026 · program services $3,742 · management and general $1,764 · fundraising $520

  • 19 · Conferences, conventions and meetings

    total $108,529 · program services $4,522 · management and general $211 · fundraising $103,796

  • 24e · All other expenses

    total $8,331 · program services $5,385 · management and general $2,181 · fundraising $765

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $165,870 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,358,652 · end of year $1,820,147

  • 3 · Pledges and grants receivable

    beginning of year $77,898 · end of year $18,062

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,995 · end of year $1,995

  • 11 · Investments: publicly traded securities

    beginning of year $55,278 · end of year $59,967

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,586 · end of year $26,027

  • 18 · Grants payable

    beginning of year $81,225 · end of year $425,000

  • 27 · Net assets without donor restrictions

    beginning of year $861,564 · end of year $1,162,959

  • 28 · Net assets with donor restrictions

    beginning of year $711,318 · end of year $286,185

Mission and programs · 2023

Mission

SOCIAL VENTURE PARTNERS PORTLAND (SVP PORTLAND) PROVIDES CAPACITY BUILDING SUPPORT TO ORGANIZATIONS WITH EARLY LEARNING PROGRAMS. WE PRIORITIZE PARTNERSHIP WITH ORGANIZATIONS LED BY AND SERVING COMMUNITIES OF COLOR IN THE GREATER PORTLAND AREA. (CONT. ON SCH O)THESE COMMUNITY PARTNER ORGANIZATIONS ARE CLOSEST TO COMMUNITY NEEDS AND KNOW HOW TO BEST SERVE CHILDREN AND FAMILIES. BY COLLABORATING WITH ORGANIZATIONS THAT ALREADY EFFECTIVELY SERVE THE COMMUNITIES MOST IMPACTED BY INEQUITABLE SYSTEMS, WE CAN EXPAND ON THE SOLUTIONS CREATED BY AND FOR THESE COMMUNITIES.

Activities or mission (Part I)

TO MOBILIZE HUMAN, SOCIAL & FINANCIAL CAPITAL FOR INVESTMENT IN IMPROVING ACCESS TO HIGH QUALITY EARLY EDUCATION.

  • THE PRIMARY MISSION OF SVP PORTLAND IS TO PROVIDE CAPACITY-BUILDING SUPPORT TO THE NONPROFIT GRANTEES WE CALL COMMUNITY PARTNERS. IN 2023, THE PARTNERSHIP OF 100+ INDIVIDUALS INVESTED $120,000 IN CASH GRANTS AND 1839 HOURS (A NON-CASH VALUE OF $459,750) AND TOGETHER, THESE REPRESENT A VALUE OF $579,750 OF COMMUNITY INVESTMENTS INTO A PORTFOLIO OF 12 NONPROFIT ORGANIZATIONS AND COLLABORATIVE PROJECTS THAT ARE FOCUSED ON ENSURING THAT ALL CHILDREN REGARDLESS OF RACE, ETHNICITY, WEALTH, RELIGION, GENDER, OR ZIP CODE HAVE ACCESS TO HIGH-QUALITY, CULTURALLY-RELEVANT EARLY LEARNING EXPERIENCES.

    Expenses $792,786 · Grants $205,000

  • THE EQUITY COLLABORATIVE IS COMPOSED OF SIX PARTNER ORGANIZATIONS: BLACK PARENT INITIATIVE (BPI), IMMIGRANT & REFUGEE COMMUNITY ORGANIZATION (IRCO), KAIROSPDX, LATINO NETWORK, PCUN (PINEROS Y CAMPESINOS UNIDOS DEL NOROESTE) AND NATIVE AMERICAN YOUTH AND FAMILY CENTER (NAYA). SVP PORTLAND PROVIDED GRANT FUNDING TO THE EQUITY COLLABORATIVE AND SERVED AS ITS FISCAL COORDINATOR AND LEAD CAPACITY BUILDER. USING GRANT FUNDS, THEY ARE WORKING COLLECTIVELY TO INCREASE INVESTMENTS IN CULTURALLY-SPECIFIC EARLY CHILDHOOD PRACTICES AND SHIFT THE PUBLIC NARRATIVE IN ORDER TO MAKE RACIAL EQUITY A PRIORITY IN OREGON'S EARLY EDUCATION SYSTEM. THE PROGRAM WAS SHIFTED TO CHILDREN'S INSTITUTE IN 2023.

    Expenses $1,023 · Grants $408,429

  • AS PART OF SVP PORTLAND, THE ENCORE FELLOWS PROGRAM PROVIDES A SOURCE OF NEW TALENT FOR NONPROFIT ORGANIZATIONS, HELPS INDIVIDUALS TRANSITION INTO SOCIAL-IMPACT WORK, AND GIVES CORPORATIONS AND FOUNDATIONS A NEW WAY TO POSITIVELY IMPACT THEIR COMMUNITIES. ENCORE FELLOWS ARE CAREFULLY MATCHED WITH THEIR HOST NONPROFIT ORGANIZATIONS FOR A TIME-LIMITED PROJECT AFTER RETIRING FROM A PROFESSIONAL CAREER. IN 2023, 36 FELLOWS WERE MATCHED AND PROVIDED MORE THAN 30,000 HOURS OF WORK.

    Expenses $83,785 · Revenue $150,200

  • CCFI: WITH INCREASED INVESTMENT IN MULTNOMAH COUNTY'S PRESCHOOL FOR ALL, OUR COMMUNITY HAS CREATED A UNIQUE OPPORTUNITY TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION TO MANY MORE OF OUR CHILDREN. ONE OF THE MAJOR CHALLENGES TO ACHIEVING UNIVERSAL CHILD CARE/PRESCHOOL IS THE LACK OF AVAILABLE SLOTS. OUR COMMUNITY NEEDS MANY MORE PROVIDERS AND FACILITIES TO MEET CURRENT AND FUTURE DEMAND. CURRENTLY, THE PATH TO OPENING A NEW OR EXPANDED FACILITY IS DAUNTING FINANCIALLY AND DEMANDING IN TERMS OF TIME AND ENGAGEMENT. CONSEQUENTLY, IN 2022 SVP LAUNCHED THE CHILD CARE FACILITIES INITIATIVE (CCFI), WITH THE GOAL OF SHIFTING THE PORTLAND METROPOLITAN CHILDCARE FACILITIES MARKET TO MORE EFFICIENTLY AND EFFECTIVELY CONNECT SUPPLY AND DEMAND WITH MINIMAL SUBSIDIES AND INTERVENTIONS. IN 2024, THIS PROGRAM WILL SHIFT TO CRAFT3.

    Expenses $162,592

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

Listed in Part VII

  • Bob Tate

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Larry Fox

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Steve Fields

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Charlie Gilkey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bala Sudarshan Cadambi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lauren Johnson

    EXECUTIVE DIRECTOR

    Total calculated
    $153,875
    From this org
    $142,612
    From related orgs
    $0
    Other
    $11,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,612
    Bonus
    $0
    Other
    $0
    Deferred
    $4,530
    Nontaxable benefits
    $6,733
    Filer's total
    $153,875

  • Carolina Castaneda Del Rio

    DIRECTOR OF COMMUNITY IMPACT

    Total calculated
    $113,343
    From this org
    $103,238
    From related orgs
    $0
    Other
    $10,105
    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 · Written employment contract
  • 3 · Compensation survey or study
  • 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

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 July 2024
IRS schema version
2023v5.1
Source object
202441979349300344

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