Skip to content
Nonprofiteer
← SEACHANGE CAPITAL PARTNERS INC

Form 990 for tax year 2024

Filed by SEACHANGE CAPITAL PARTNERS INC.

Totals

Total revenue
$3,735,687
Total expenses
$3,267,486
Contributions and grants received
$3,057,999
Grants paid
$1,394,344
Program service revenue
$467,110
Investment income
$195,899
Other revenue
$14,679
Total assets, end of year
$9,803,151
Total liabilities, end of year
$1,551,913
Net assets or fund balances, end of year
$8,251,238
Program services expenses (Part IX)
$2,740,768
Management and general expenses
$491,555
Fundraising expenses
$35,163
Program service expenses (Part III)
$2,740,768

Program services were 83.9% 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

    $3,057,999

  • 2a · Program service revenue: Advisory Consulting

    total $8,337 · related or exempt $8,337

  • 2b · Program service revenue: Management Fees

    total $458,773 · related or exempt $458,773

  • 3 · Investment income

    total $169,275 · excluded $169,275

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $5,945,019

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

    securities $5,918,395

  • 7c · Gain or loss

    securities $26,624

  • 7d · Net gain or loss

    total $26,624 · related or exempt $26,624

  • 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 $14,679 · related or exempt $14,679

  • 11e · Other revenue, total

    $14,679

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,394,344 · program services $1,394,344

  • 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 $496,865 · program services $387,554 · management and general $94,404 · fundraising $14,907

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $510,557 · program services $394,006 · management and general $101,235 · fundraising $15,316

  • 8 · Pension plan contributions

    total $88,401 · program services $68,581 · management and general $17,168 · fundraising $2,652

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $76,270 · program services $59,170 · management and general $14,812 · fundraising $2,288

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $398,909 · program services $391,006 · management and general $7,903

  • 11c · Fees: accounting

    total $119,475 · management and general $119,475

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $6,550 · management and general $6,550

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $2,112 · program services $2 · management and general $2,110

  • 14 · Information technology

    total $21,846 · program services $461 · management and general $21,385

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $10,271 · program services $201 · management and general $10,070

  • 17 · Travel

    total $62,291 · program services $26,352 · management and general $35,939

  • 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 $1,445 · management and general $1,445

  • 23 · Insurance

    total $7,536 · management and general $7,536

  • 24a · Other expenses: MISCELLANEOUS

    total $30,438 · program services $12,062 · management and general $18,376

  • 24b · Other expenses: PAYROLL SERVICE FEE

    total $28,003 · management and general $28,003

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $10,486 · program services $6,247 · management and general $4,239

  • 24d · Other expenses: Printing and Publications

    total $1,687 · program services $782 · management and general $905

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,603,319 · end of year $2,554,721

  • 2 · Savings and temporary cash investments

    beginning of year $271,146 · end of year $321,352

  • 3 · Pledges and grants receivable

    beginning of year $1,277,655 · end of year $1,117,162

  • 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 $407,335 · end of year $226,927

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $104,376 · end of year $355,362

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

    $65,238

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

    $65,238

  • 10c · Land, buildings and equipment, net

    beginning of year $1,445 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $3,523,829 · end of year $3,385,375

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $1,623,300 · end of year $1,766,401

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $101,750 · end of year $75,851

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,753 · end of year $58,413

  • 18 · Grants payable

    beginning of year $1,150,000 · end of year $1,375,000

  • 25 · Other liabilities

    beginning of year $271,203 · end of year $118,500

  • 27 · Net assets without donor restrictions

    beginning of year $2,527,767 · end of year $2,873,339

  • 28 · Net assets with donor restrictions

    beginning of year $4,949,432 · end of year $5,377,899

Mission and programs · 2024

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), THE SEACHANGE SPECIAL IMPACT FUND LLC (SIF, 2020-PRESENT), THE NEW YORK POOLED PRI FUND (NYPRI, 2014-PRESENT), AND NEW YORK SHELTER ACQUISITION AND PREDEVELOPMENT FUND, LLC (NYSAPF, 2023-PRESENT); AND INTO IMPACT INVESTING WITH THE NEW YORK IMPACT OPPORTUNITIES FUND, LLC (2021-PRESENT). NYPRI, THE CONTACT FUND, NYSAPF, AND SIF ARE SEPARATE LEGAL ENTITIES; SEACHANGE SERVES AS THE MANAGING MEMBER OF NYPRI AND NYSAPF, AS THE SOLE MEMBER OF SIF, AND MANAGES THE CONTACT FUND PURSUANT TO A MANAGEMENT SERVICES AGREEMENT. NYMAC, 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 FOUR GRANTMAKING 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 2024, SeaChange made grants to support 48 sustained collaboration grants: NRF (14), NYMAC (11), SC-LS (16), TPF (7) compared to 42 total grants funded in 2023. SeaChange had a staff of 8 full-time employees in 2024 and 8 in 2023.

    Expenses $2,740,768

As filed on the 2024 return.

Listed in Part VII

  • John MacIntosh

    MNG PARTNER

    Total calculated
    $229,880
    From this org
    $209,317
    From related orgs
    $0
    Other
    $20,563
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,317
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,912
    Nontaxable benefits
    $651
    Filer's total
    $229,880

  • Tajreena Tabassoom

    PARTNER

    Total calculated
    $191,897
    From this org
    $174,859
    From related orgs
    $0
    Other
    $17,038
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,859
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,466
    Nontaxable benefits
    $572
    Filer's total
    $191,897

  • Lindsay Kijewski

    PARTNER

    Total calculated
    $158,353
    From this org
    $144,948
    From related orgs
    $0
    Other
    $13,405
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,948
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,026
    Nontaxable benefits
    $379
    Filer's total
    $158,353

  • Minji Kim

    Vice President

    Total calculated
    $139,789
    From this org
    $127,700
    From related orgs
    $0
    Other
    $12,089
    Hours/week
    40

  • Alex Volpicello

    Secretary

    Total calculated
    $122,856
    From this org
    $112,688
    From related orgs
    $0
    Other
    $10,168
    Hours/week
    40

  • Aaron Siegel

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mark E Reed III

    CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Paulette LoMonaco

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • W Bowman Cutter

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Georgia Levenson Keohane

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stanley Richards

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Margaret Crotty

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • David Ringer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Omar Rush

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lori Slutky

    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

  • NYPRI

    $225,000

    Facilitate merger between two orgs

  • Cypress Hill

    $80,000

    Facilitate merger between two orgs

  • Ursuline University

    $75,000

    Facilitate merger between two orgs

  • Lackawanna College

    $50,000

    Facilitate merger between two orgs

  • Peirce College

    $50,000

    Facilitate merger between two orgs

  • Seach for Commonground

    $40,000

    Facilitate merger between two orgs

  • Self Help Community Services

    $40,000

    Facilitate merger between two orgs

  • Kansas Wesleyan University

    $38,982

    Facilitate merger between two orgs

  • Cultural Vistas

    $37,500

    Facilitate merger between two orgs

  • Philadelphia Education Fund

    $35,000

    Facilitate merger between two orgs

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543189349313514

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.