Form 990 for tax year 2022
Filed by SOCIAL ENTERPRISE INSTITUTE USA.
Totals
- Total revenue
- $359,945
- Total expenses
- $467,319
- Contributions and grants received
- $41,250
- Grants paid
- $50,000
- Program service revenue
- $318,599
- Investment income
- $96
- Other revenue
- $0
- Total assets, end of year
- $115,696
- Total liabilities, end of year
- $304,088
- Net assets or fund balances, end of year
- -$188,392
- Program services expenses (Part IX)
- $358,405
- Management and general expenses
- $108,914
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $358,405
Program services were 76.7% 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.
-
1e · Government grants (contributions)
$32,750
-
1f · All other contributions, gifts and grants
$8,500
-
2a · Program service revenue: ADVISORY FEES
total $318,599 · related or exempt $318,599
-
3 · Investment income
total $96 · excluded $96
-
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
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $50,000 · program services $50,000
-
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 $99,666 · program services $59,176 · management and general $40,490
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $58,248 · program services $34,584 · management and general $23,664
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $15,554 · program services $9,235 · management and general $6,319
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $26,220 · management and general $26,220
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $3,091 · management and general $3,091
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $14,980 · program services $8,894 · management and general $6,086
-
17 · Travel
total $3,434 · program services $2,039 · management and general $1,395
-
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 $0
-
23 · Insurance
total $3,657 · program services $3,657
-
24a · Other expenses: outsourced services
total $171,924 · program services $171,924
-
24b · Other expenses: COMPUTER EXPENSE
total $14,368 · program services $14,368
-
24c · Other expenses: licenses
total $2,911 · program services $2,911
-
24d · Other expenses: SUPPLIES
total $1,111 · management and general $1,111
-
24e · All other expenses
total $2,155 · program services $1,617 · management and general $538
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $38,147 · end of year $57,666
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $332,033 · end of year $15,020
-
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
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,045 · end of year $43,010
-
17 · Accounts payable and accrued expenses
beginning of year $64,528 · end of year $35,938
-
23 · Secured mortgages and notes payable
beginning of year $70,650 · end of year $37,900
-
25 · Other liabilities
beginning of year $318,065 · end of year $230,250
-
27 · Net assets without donor restrictions
beginning of year -$81,018 · end of year -$188,392
Mission and programs · 2022
Mission
SOCIAL ENTERPRISE INSTITUTE OF USA ACTS AS AN ORGANIZATIONAL DEVELOPMENT ANDTECHNICAL ADVISOR, PRIMARILY FOCUSING ON HELPING NONPROFITS BUILD OR ACQUIREFOR-PROFIT SUBSIDIARIES TO GROW PROGRAM SERVICE REVENUE FUNDING SOURCE. THE ORGANIZATION PROVIDES FINANCIAL ADVISING SERVICES THROUGH ITS WHOLLY OWNED SUBSIDIARY, THE SOCIAL IMPACT FUNDING BENEFIT CORPORATION (SIFB). NOTE THE SOCIAL IMPACT FUNDING BENEFIT CORPORATION (SIFB) WAS TRANSFERRED AS A WHOLLY OWNED SUBSIDIARY UNDER SOCIAL IMPACT PROPERTIES (SIP) ON JANUARY 1, 2021
Activities or mission (Part I)
Social Enterprise Institute of USA acts as an organizational development and technical advisor, primarily focusing on helping nonprofits build or acquire for-profit subsidiaries to increase program service revenue funding source. The organization provides financial advising services through its wholly owned subsidiary, the Social Impact Funding Benefit Corporation (SIFB). NOTE THE SOCIAL IMPACT FUNDING BENEFIT CORPORATION (SIFB) WAS TRANSFERRED AS A WHOLLY OWNED SUBSIDIARY UNDER SOCIAL IMPACT PROPERTIES (SIP) ON JANUARY 1, 2021
-
social enterprise development for non profits & financial advisory and transaction support services
Expenses $358,405
As filed on the 2022 return.
Listed in Part VII
-
James ReebJAMES REEB
Executive Dir.
- Total calculated
- $45,833
- From this org
- $45,833
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
James FrederickJAMES FREDERICK
COO
- Total calculated
- $45,833
- From this org
- $45,833
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Richard Basom JrRICHARD BASOM JR
Chairman
- Total calculated
- $8,000
- From this org
- $8,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Lisa WeaverLISA WEAVER
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Jim FischerJIM FISCHER
Secretary
- Total calculated
- $0
- Hours/week
- 0.25
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.
Grants on this return
-
$0
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · RESEARCH AND EDUCATION OF SOCIAL ENTERPR · controlled entity
-
501(C)(3) · RESEARCH AND EDUCATION OF SOCIAL ENTERPR
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323179349301227
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