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SOCIAL IMPACT PARTNERS INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
SOCIAL IMPACT PARTNERS INC (EIN 85-1704762)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-09
IRS object ID
202431309349305038
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-09T21:15:02-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN061415579PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Capossela Cohen LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1368 Center StreetAddressLine1Txt
CitySouthportCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06890ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN851704762EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Social Venture Partners Connecticut IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSOCIBusinessNameControlTxt
Phone9177515966PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11221 Post Road East 302AddressLine1Txt
CityWestportCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06880ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonChris KunhardtPersonNm
Person TitleTreasurerPersonTitleTxt
Phone9177515966PhoneNum
Signature2024-05-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstChrisPersonFirstNm
Person LastKunhardtPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonChristopher Arden CPAPreparerPersonNm
PTINP01257557PTIN
Phone2032547000PhoneNum
Preparation2024-05-08PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerChris KunhardtPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11221 Post Road East Suite 302AddressLine1Txt
CityWestportCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06880ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,216,837GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresssvp-ct.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2020FormationYr
Legal Domicile StateCTLegalDomicileStateCd
Activity Or MissionAdvancing equitable access to a high quality education and a sustainable livelihood in Connecticut.ActivityOrMissionDesc
Voting Members Governing Body17VotingMembersGoverningBodyCnt
Voting Members Independent17VotingMembersIndependentCnt
Total Employee10TotalEmployeeCnt
Total Volunteers250TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,864,307PYContributionsGrantsAmt
CY Contributions Grants$2,208,039CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$2,279PYInvestmentIncomeAmt
CY Investment Income$8,798CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,866,586PYTotalRevenueAmt
CY Total Revenue$2,216,837CYTotalRevenueAmt
PY Grants And Similar Paid$250,595PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$425,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$867,969PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,217,827CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$72,765CYTotalFundraisingExpenseAmt
PY Other Expenses$140,720PYOtherExpensesAmt
CY Other Expenses$241,500CYOtherExpensesAmt
PY Total Expenses$1,259,284PYTotalExpensesAmt
CY Total Expenses$1,884,327CYTotalExpensesAmt
PY Revenues Less Expenses$607,302PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$332,510CYRevenuesLessExpensesAmt
Total Assets BOY$1,041,945TotalAssetsBOYAmt
Total Assets EOY$1,355,964TotalAssetsEOYAmt
Total Liabilities BOY$43,020TotalLiabilitiesBOYAmt
Total Liabilities EOY$24,529TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$998,925NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,331,435NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTo be a catalyst for positive social change by amplifying the impact of Connecticut leaders across nonprofit, government, education and business organization.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,676,115ExpenseAmt
Grant$425,000GrantAmt
DescSocial Venture Partners Connecticut, Inc. (SVP) works with nonprofit organizations, state government, and the private sector to build more equitable and effective workforce development and early child care and education systems. SVP supports the development and execution of comprehensive strategies and initiatives in these areas to support underserved populations in Connecticut.Some key accomplishments include supporting the development and execution of Connecticut's workforce development strategic plan and the State's early childhood eduction Blue Ribbon plan. We have also worked with over 30 nonprofit organizations to help them scale and enhance their programs through providing thousands of volunteer hours of capacity building support.Desc
Total Program Service Expenses$1,676,115TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document7IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee10EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members17GoverningBodyVotingMembersCnt
Independent Voting Member17IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Camille GuthrieBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9177515966PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11221 Post Road East Suite 302AddressLine1Txt
CityWestportCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06880ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
Don Kendall
Director2.00Yes (X)$0$0$0
Chris Kunhardt
Treasurer5.00Yes (X)$0$0$0Yes (X)
Jamilah Prince-Stewart
Chair5.00Yes (X)$0$0$0Yes (X)
Karen Brown
Director2.00Yes (X)$0$0$0
Will Ginsburg
Director2.00Yes (X)$0$0$0
Susan Adamsen
Director2.00Yes (X)$0$0$0
Vanessa Liles
Director2.00Yes (X)$0$0$0
Bernie Park
Secretary5.00Yes (X)$0$0$0Yes (X)
Shannon Marimon
Director2.00Yes (X)$0$0$0
Jeffrey Mayer
Director2.00Yes (X)$0$0$0
Peter Denious
Director2.00Yes (X)$0$0$0
Amy Orenstein
Director2.00Yes (X)$0$0$0
Dr Monette Ferguson
Director2.00Yes (X)$0$0$0
Richard Wenning
Director2.00Yes (X)$0$0$0
Althea Brooks
Director2.00Yes (X)$0$0$0
Maggie Hulce
Director2.00Yes (X)$0$0$0
Stefano Redaelli
Director2.00Yes (X)$0$0$0
Mark Argosh
Executive Director40.00$141,885$0$0Yes (X)
Michael Van Leesten
Director of Community Engagement40.00$151,745$0$0Yes (X)
Skye Cornell
Highly Comp. Employee30.00$111,481$0$0Yes (X)
Seth Stang
Highly Comp. Employee40.00$108,815$0$0Yes (X)
Robert Hutchinson
Highly Comp. Employee40.00$113,735$0$0Yes (X)
Camille Guthrie
Highly Comp. Employee40.00$118,444$0$0Yes (X)
Monisha Gibson
Highly Comp. Employee40.00$110,087$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$856,192TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K7IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$2,208,039AllOtherContributionsAmt
Total Contributions$2,208,039TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,798TotalRevenueColumnAmt
Exclusion$8,798ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,216,837TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$8,798ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$425,000TotalAmt
Program Services$425,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$172,846TotalAmt
Program Services$146,919ProgramServicesAmt
Management And General$8,642ManagementAndGeneralAmt
Fundraising$17,285FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$883,271TotalAmt
Program Services$761,341ProgramServicesAmt
Management And General$86,409ManagementAndGeneralAmt
Fundraising$35,521FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$37,053TotalAmt
Program Services$31,865ProgramServicesAmt
Management And General$3,335ManagementAndGeneralAmt
Fundraising$1,853FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$41,469TotalAmt
Program Services$35,664ProgramServicesAmt
Management And General$3,732ManagementAndGeneralAmt
Fundraising$2,073FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$83,188TotalAmt
Program Services$71,542ProgramServicesAmt
Management And General$7,487ManagementAndGeneralAmt
Fundraising$4,159FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$564TotalAmt
Program Services$564ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$17,500TotalAmt
Program Services$8,750ProgramServicesAmt
Management And General$8,750ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$98,530TotalAmt
Program Services$85,201ProgramServicesAmt
Management And General$8,814ManagementAndGeneralAmt
Fundraising$4,515FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$65,338TotalAmt
Program Services$61,019ProgramServicesAmt
Management And General$2,707ManagementAndGeneralAmt
Fundraising$1,612FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$46,125TotalAmt
Program Services$39,668ProgramServicesAmt
Management And General$4,151ManagementAndGeneralAmt
Fundraising$2,306FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$9,959TotalAmt
Program Services$8,565ProgramServicesAmt
Management And General$896ManagementAndGeneralAmt
Fundraising$498FundraisingAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescBank and credit card chDesc
Total$3,484TotalAmt
Program Services$17ProgramServicesAmt
Management And General$524ManagementAndGeneralAmt
Fundraising$2,943FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,884,327TotalAmt
Program Services$1,676,115ProgramServicesAmt
Management And General$135,447ManagementAndGeneralAmt
Fundraising$72,765FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$61,423BOYAmt
EOY$32,461EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$975,149BOYAmt
EOY$1,238,503EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,373BOYAmt
EOY$85,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,041,945BOYAmt
EOY$1,355,964EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$10,520BOYAmt
EOY$24,529EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$32,500BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$43,020BOYAmt
EOY$24,529EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$232,650BOYAmt
EOY$631,301EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$766,275BOYAmt
EOY$700,134EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$998,925BOYAmt
EOY$1,331,435EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,041,945BOYAmt
EOY$1,355,964EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$332,510ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$1,771,576CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,864,307CurrentTaxYearMinus1YearAmt
Current Tax Year$2,215,539CurrentTaxYearAmt
Total$5,851,422TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$1,771,576CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,864,307CurrentTaxYearMinus1YearAmt
Current Tax Year$2,215,539CurrentTaxYearAmt
Total$5,851,422TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,014,082SubstantialContributorsTotAmt
Public Support Total170$4,837,340PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$1,211CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,279CurrentTaxYearMinus1YearAmt
Current Tax Year$8,798CurrentTaxYearAmt
Total$12,288TotalAmt
FieldValueIRS element (for citing)
Total Support$5,863,710TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,211,837TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$2,211,837RevenueSubtotalAmt
Other Revenues Not Included$5,000OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$5,000RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,216,837TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,879,327TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,879,327ExpensesSubtotalAmt
Other Expenses Not Included$5,000OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$5,000ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,884,327TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part X, Line 2:The Organization recognizes the effect of tax positions only when they are more likely than not of being sustained. Management has determined that the Organization had no uncertain tax positions that would require financial statement recognition. Tax years dating back to the initial tax year for June 30, 2021 will be open for audit by federal and state authorities.
Part XI, Line 4b - Other Adjustments:Passthrough grants netted against income 5,000.
Part XII, Line 4b - Other Adjustments:Passthrough grants netted against income 5,000.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDescPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
State of Connecticut
165 Capital Avenue Suite 2000HartfordCT06106066000798State of Connecticut$300,000$0CostN/ASupport of COVID 19 mitigation and recovery advisors
Hispanic Coalition of Greater Waterbury Inc
135 E Liberty Street 5WaterburyCT06706061349937501(c)(3)$20,000$0CostN/AGeneral operating support
Connecticut Network for Children and Youth
75 Charter Oak Avenue Bldg 2 SuiteHartfordCT06106061319872501(c)(3)$25,000$0CostN/AGeneral operating support2-101
ReadyCT
350 Church Street 3rd FloorHartfordCT06106061319872501(c)(3)$25,000$0CostN/AGeneral operating support
Girls for Technology
750 Main Street Suite 1210HartfordCT06106061319872501(c)(3)$25,000$0CostN/AGeneral operating support
Thames Valley Council for Community Action
1 Sylvandale RoadJewett CityCT065312220061319872501(c)(3)$25,000$0CostN/AGeneral operating support
FieldValueIRS element (for citing)
Total501c3 Org5Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationThe Investment Committee, led by volunteer partners, works to align the grantmaking of SVP with its strategic pillars and foster relationships and a mutual assessment with nonprofit organizations and community initiatives. The committee utilizes a dynamic and responsive grantmaking process and applications are reviewed on a quarterly or as-needed basis. This approach allows greater flexibility and agility in addressing the ever-changing needs of the community. The Investment Committee is composed of sector teams, each led by experts in their respective fields. The Committe believes in a hands-on approach with its volunteer committee members, and encourages them to be fully engaged on the sector level to truly understand the issues and challenges at play in the community. In addition to funding nonprofit organizations, the Committe also prioritizes community initiatives and partnerships that drive systemic change of inequitable systems that prevent economic and social mobility for Black, Brown, and marginalized populations in Connecticut. The members of the Investment Committee are responsible for portfolio oversight through a mutual review and assessment process conducted annually that includes a review of the grantee's budget and financial statements, and the grantee and SVP volunteer parnters team's progress against a workplan mutually agreed upon by SVP and the grantee's leadership at the commencement of the grant year. The Investment Committee relies on the expertise of the sector teams to guide their decision-making. Grant awards of $5,000 or more are presented to the SVP Board of Directors for review and approval.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonMichael Van LeestenPersonNm
TitleDirector of Community EngagementTitleTxt
Base Compensation Filing Org$138,823BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$12,922OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$151,745TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, line 11bThe Form 990 is distributed to the Board of Directors for questions and comments before it is filed.
Form 990, Part VI, Section B, line 12cThe organization has a Conflict of Interests Policy which all Officers and Board members must sign annually, and management discusses the policy to ensure that members understand how the policy works, including the vehicle available for reporting any behavior on the part of others that appear to be in conflict with the policy.
Form 990, Part VI, Section B, line 15The Board of Directors annually sets and approves the compensation package for the Executive Director. The executive committee is responsible for preparing a recommendation for the Board of Directors. The Executive Committee must review and approve all compensation to staff other than the Executive Director upon the recommendation of the Executive Director.
Form 990, Part VI, Section C, line 19The organization makes these items available to the public upon request. Other information regarding the organization's committees, management, donations can be accessed at the organization's website, svp-ct.org.
Form 990, Part XII, Line 2c:There have been no changes from prior year.

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