SOCIAL FINANCE INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SOCIAL FINANCE INC (EIN 27-4620963)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202443199349311219
- Schema version
- 2023v5.1
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T14:13:07-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE INTERNATIONAL PLACE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 274620963 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Social Finance Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % JOHN WOODS | InCareOfNm |
| Business Name Control | SOCI | BusinessNameControlTxt |
| Phone | 6179399900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 Atlantic Avenue 5th Floor | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Kirstin Hill | PersonNm |
| Person Title | President & COO | PersonTitleTxt |
| Phone | 6179399900 | PhoneNum |
| Signature | 2024-10-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Brian Vigneault | PreparerPersonNm |
| PTIN | P00540650 | PTIN |
| Phone | 6174220700 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Kirstin Hill | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 Atlantic Avenue 5th Floor | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $37,740,714 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.socialfinance.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2011 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | SOCIAL FINANCE IS A NATIONAL IMPACT FINANCE AND ADVISORY NONPROFIT. WE WORK WITH PUBLIC, PRIVATE, AND SOCIAL SECTORS TO BUILD INNOVATIVE (CONTINUED ON SCHEDULE O.) | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 144 | TotalEmployeeCnt |
| Total Volunteers | 16 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $65,663,400 | PYContributionsGrantsAmt |
| CY Contributions Grants | $24,185,912 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $7,594,640 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $11,064,040 | CYProgramServiceRevenueAmt |
| PY Investment Income | $124,327 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,773,111 | CYInvestmentIncomeAmt |
| PY Other Revenue | $21,450 | PYOtherRevenueAmt |
| CY Other Revenue | $193,882 | CYOtherRevenueAmt |
| PY Total Revenue | $73,403,817 | PYTotalRevenueAmt |
| CY Total Revenue | $39,216,945 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $228,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,644,263 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $16,027,535 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $20,085,571 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $229,085 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,037,376 | PYOtherExpensesAmt |
| CY Other Expenses | $9,846,079 | CYOtherExpensesAmt |
| PY Total Expenses | $23,292,911 | PYTotalExpensesAmt |
| CY Total Expenses | $31,575,913 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $50,110,906 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $7,641,032 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $153,587,163 | TotalAssetsBOYAmt |
| Total Assets EOY | $158,209,325 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $20,054,853 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $21,001,572 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $133,532,310 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $137,207,753 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SOCIAL FINANCE IS A NATIONAL IMPACT FINANCE AND ADVISORY NONPROFIT. OUR AIM IS SIMPLE: TO PRODUCE MEANINGFUL OUTCOMES THAT SPARK SOCIAL CHANGE. BY WORKING WITH PUBLIC, PRIVATE, AND SOCIAL SECTORS, WE CREATE PARTNERSHIPS AND INVESTMENTS TO MEASURABLY IMPROVE LIVES. | MissionDesc |
| Significant New Program Srvc | Yes (true) | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $14,948,097 | ExpenseAmt |
| Grant | $64,800 | GrantAmt |
| Revenue | $4,248,278 | RevenueAmt |
| Desc | SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $10,332,768 | ExpenseAmt |
| Grant | $1,579,463 | GrantAmt |
| Revenue | $7,009,644 | RevenueAmt |
| Desc | SEE SCHEDULE O | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $686,159 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | SEE SCHEDULE O | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $213,281 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $0 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $26,180,305 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (true) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 40 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 144 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN WOODS | PersonNm |
| Phone | 6179399900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 ATLANTIC AVENUE 5TH FLOOR | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| TRACY PALANDJIAN | ||||||||
| President & CEO | 40.0 | 0.0 | Yes (X) | Yes (X) | $504,220 | $0 | $39,411 | |
| MICHAEL GROSSMAN | ||||||||
| Managing DIR (until 12/23) | 40.0 | 0.0 | Yes (X) | $371,726 | $0 | $39,403 | ||
| JOHN WOODS | ||||||||
| Chief Financial Officer | 40.0 | 0.0 | Yes (X) | $267,340 | $0 | $44,354 | ||
| JACOB SEGAL | ||||||||
| Managing Director | 40.0 | 0.0 | Yes (X) | $266,331 | $0 | $36,782 | ||
| NAVJEET K BAL | ||||||||
| MANAGING DIR & GENERAL COUNSEL | 40.0 | 0.0 | Yes (X) | $263,220 | $0 | $27,169 | ||
| Catherine Cho | ||||||||
| VP, Impact Investments | 40.0 | 0.0 | $231,720 | $0 | $32,166 | Yes (X) | ||
| JUSTIN BAKULE | ||||||||
| VP, IMPACT INVESTMENTS | 40.0 | 0.0 | $228,655 | $0 | $34,126 | Yes (X) | ||
| Stephen Vicinelli | ||||||||
| VP, Impact Investments | 40.0 | 0.0 | $221,734 | $0 | $34,779 | Yes (X) | ||
| Catherine Dun Rappaport | ||||||||
| VP, Impact Investments | 40.0 | 0.0 | $220,731 | $0 | $33,348 | Yes (X) | ||
| ANDREW C CHEN | ||||||||
| VP, IMPACT INVESTMENTS | 40.0 | 0.0 | $216,700 | $0 | $26,366 | Yes (X) | ||
| Kirstin Hill | ||||||||
| President & COO (AS OF 9/23) | 40.0 | 0.0 | Yes (X) | $156,660 | $0 | $0 | ||
| Karen Anderson | ||||||||
| MANAGING DIR, SFI (AS OF 9/23) | 40.0 | 0.0 | Yes (X) | $86,868 | $0 | $0 | ||
| EMILY FRIEDMAN | ||||||||
| CHIEF ADMIN. OFF. (UNTIL 2/23) | 40.0 | 0.0 | Yes (X) | $72,279 | $0 | $8,186 | ||
| BRACEBRIDGE H YOUNG JR | ||||||||
| Chairperson & Director | 2.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| EDWARD L SHAPIRO | ||||||||
| Vice Chair & Director | 2.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| PAMELA DIPPEL CHONEY | ||||||||
| Treasurer & Director | 2.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| NANCY ZIMMERMAN | ||||||||
| Clerk & Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Sir Ronald Cohen | ||||||||
| Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Karen Dynan | ||||||||
| Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Doug Henderson | ||||||||
| Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Laura Lauder | ||||||||
| Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Elizabeth Lempres | ||||||||
| Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Andrew Marino | ||||||||
| Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Governor Deval Patrick | ||||||||
| Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Alexa Rachlin | ||||||||
| Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Dr Lauren Smith | ||||||||
| Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Ian Simmons | ||||||||
| Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Laurene Sperling | ||||||||
| Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Sandra A Urie | ||||||||
| Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,108,184 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $356,090 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 82 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | Province Or StateContractorAddress/ForeignAddress/ProvinceOrStateNm | CountryContractorAddress/ForeignAddress/CountryCd | Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|
| Focus Technology | ||||||||||
| 10 Post Office Square Suite S1005 | BOSTON | MA | 02109 | Information tech. | $338,062 | |||||
| Project Affinity Inc | ||||||||||
| 170 Columbus Avenue Floor 3 | SAN FRANCISCO | CA | 94133 | CRM | $164,649 | |||||
| Social Finance NL BV | ||||||||||
| Generalist Contr. | $159,892 | 64 MAURITSKADE | AMSTERDAM | 0 | NL | 1092 AD | ||||
| BDO | ||||||||||
| One International Place | BOSTON | MA | 02110 | Accountant | $138,224 | |||||
| ACA Group | ||||||||||
| 909 Rose Avenue Suite 950 | NORTH BETHESDA | MD | 20852 | COMPLIANCE CNSLT | $115,288 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $432,649 | GovernmentGrantsAmt |
| All Other Contributions | $23,753,263 | AllOtherContributionsAmt |
| Total Contributions | $24,185,912 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROGRAM FEES | 541611 | $10,084,009 | $10,084,009 |
| OUTCOME PAYMENTS | 541611 | $980,031 | $980,031 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $11,064,040 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,249,342 | TotalRevenueColumnAmt |
| Exclusion | $5,249,342 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$1,476,231 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,476,231 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,476,231 | TotalRevenueColumnAmt |
| Exclusion | -$1,476,231 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 541611 | BusinessCd |
| Total Revenue Column | $193,882 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $193,882 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $193,882 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $39,216,945 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $11,257,922 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $3,773,111 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,394,800 | TotalAmt |
| Program Services | $1,394,800 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $249,463 | TotalAmt |
| Program Services | $249,463 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,183,949 | TotalAmt |
| Program Services | $1,687,712 | ProgramServicesAmt |
| Management And General | $476,503 | ManagementAndGeneralAmt |
| Fundraising | $19,734 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,718,217 | TotalAmt |
| Program Services | $11,383,320 | ProgramServicesAmt |
| Management And General | $3,231,695 | ManagementAndGeneralAmt |
| Fundraising | $103,202 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $356,435 | TotalAmt |
| Program Services | $271,360 | ProgramServicesAmt |
| Management And General | $85,075 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,658,913 | TotalAmt |
| Program Services | $1,273,858 | ProgramServicesAmt |
| Management And General | $320,118 | ManagementAndGeneralAmt |
| Fundraising | $64,937 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,168,057 | TotalAmt |
| Program Services | $891,291 | ProgramServicesAmt |
| Management And General | $276,766 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $746,731 | TotalAmt |
| Program Services | $746,731 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,181 | TotalAmt |
| Program Services | $65,507 | ProgramServicesAmt |
| Management And General | $3,674 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $179,172 | TotalAmt |
| Program Services | $153,081 | ProgramServicesAmt |
| Management And General | $26,091 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,298,040 | TotalAmt |
| Program Services | $2,181,180 | ProgramServicesAmt |
| Management And General | $88,002 | ManagementAndGeneralAmt |
| Fundraising | $28,858 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $216,213 | TotalAmt |
| Program Services | $199,454 | ProgramServicesAmt |
| Management And General | $15,583 | ManagementAndGeneralAmt |
| Fundraising | $1,176 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $523,397 | TotalAmt |
| Program Services | $429,171 | ProgramServicesAmt |
| Management And General | $90,889 | ManagementAndGeneralAmt |
| Fundraising | $3,337 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $785,231 | TotalAmt |
| Program Services | $610,281 | ProgramServicesAmt |
| Management And General | $174,950 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,234,762 | TotalAmt |
| Program Services | $940,045 | ProgramServicesAmt |
| Management And General | $294,221 | ManagementAndGeneralAmt |
| Fundraising | $496 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $486,607 | TotalAmt |
| Program Services | $465,283 | ProgramServicesAmt |
| Management And General | $13,979 | ManagementAndGeneralAmt |
| Fundraising | $7,345 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $447,162 | TotalAmt |
| Program Services | $447,162 | ProgramServicesAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $343,801 | TotalAmt |
| Program Services | $294,432 | ProgramServicesAmt |
| Management And General | $49,369 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,925 | TotalAmt |
| Program Services | $93,317 | ProgramServicesAmt |
| Management And General | $19,608 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| CLOSE OUT EXPENSES | $1,159,598 | $1,159,598 |
| LIVING STIPEND | $692,673 | $692,673 |
| PROGRAM EVAULATOR (MDRC) | $527,765 | $527,765 |
| BAD DEBT EXPENSE | $4,560 | $4,560 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,261 | TotalAmt |
| Program Services | $18,261 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,575,913 | TotalAmt |
| Program Services | $26,180,305 | ProgramServicesAmt |
| Management And General | $5,166,523 | ManagementAndGeneralAmt |
| Fundraising | $229,085 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,600,000 | BOYAmt |
| EOY | $8,771,935 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,348,852 | BOYAmt |
| EOY | $34,813,610 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,923,504 | BOYAmt |
| EOY | $11,638,986 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,023,922 | BOYAmt |
| EOY | $1,960,715 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $2,526,178 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,963,024 | BOYAmt |
| EOY | $14,484,850 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $378,210 | BOYAmt |
| EOY | $695,071 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,108,229 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $542,416 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $598,682 | BOYAmt |
| EOY | $565,813 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,095,910 | BOYAmt |
| EOY | $66,535,300 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,316,021 | BOYAmt |
| EOY | $9,207,861 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,339,038 | BOYAmt |
| EOY | $7,009,006 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $153,587,163 | BOYAmt |
| EOY | $158,209,325 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,711,302 | BOYAmt |
| EOY | $3,919,558 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,833,150 | BOYAmt |
| EOY | $1,898,499 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,650,622 | BOYAmt |
| EOY | $7,483,478 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,859,779 | BOYAmt |
| EOY | $7,700,037 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,054,853 | BOYAmt |
| EOY | $21,001,572 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,717,949 | BOYAmt |
| EOY | $65,844,849 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,814,361 | BOYAmt |
| EOY | $71,362,904 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,532,310 | BOYAmt |
| EOY | $137,207,753 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $153,587,163 | BOYAmt |
| EOY | $158,209,325 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $7,641,032 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $352,020 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$4,317,609 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $18,715,742 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,805,446 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $74,358,353 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $65,663,400 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $24,185,912 | CurrentTaxYearAmt |
| Total | $192,728,853 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $18,715,742 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,805,446 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $74,358,353 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $65,663,400 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $24,185,912 | CurrentTaxYearAmt |
| Total | $192,728,853 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $59,091,258 | SubstantialContributorsTotAmt |
| Public Support Total170 | $133,637,595 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $165,350 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $118,040 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $36,973 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,415,925 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,249,342 | CurrentTaxYearAmt |
| Total | $6,985,630 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $12,689 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,500 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $46,500 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $21,450 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $193,882 | CurrentTaxYearAmt |
| Total | $282,021 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $199,996,504 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $36,692,798 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.66820 | PublicSupportCY170Pct |
| Public Support PY170 | 0.68681 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 | $0 | CurrentYearMinus2Amt |
| Current Year Minus1 | $0 | CurrentYearMinus1Amt |
| Current Year | $0 | CurrentYearAmt |
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $0 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 | $0 | CurrentYearMinus2Amt |
| Current Year Minus1 | $0 | CurrentYearMinus1Amt |
| Current Year | $0 | CurrentYearAmt |
| Total | $0 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 | $0 | CurrentYearMinus2Amt |
| Current Year Minus1 | $0 | CurrentYearMinus1Amt |
| Current Year | $0 | CurrentYearAmt |
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $0 | GrassrootsCeilingAmt |
Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 | $0 | CurrentYearMinus2Amt |
| Current Year Minus1 | $0 | CurrentYearMinus1Amt |
| Current Year | $0 | CurrentYearAmt |
| Total | $0 | TotalAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp | |
| Land | LandGrp | |
| Buildings | BuildingsGrp |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $244,693 | OtherCostOrOtherBasisAmt |
| Depreciation | $71,510 | DepreciationAmt |
| Book Value | $173,183 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $512,879 | OtherCostOrOtherBasisAmt |
| Depreciation | $365,192 | DepreciationAmt |
| Book Value | $147,687 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $350,657 | OtherCostOrOtherBasisAmt |
| Depreciation | $105,714 | DepreciationAmt |
| Book Value | $244,943 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $565,813 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| UP FUND, LP | $3,975,418 | F |
| SOCIAL FINANCE IMPACT FIRST | $5,232,443 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $9,207,861 | TotalBookValueProgramRltdAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| LEASE LIABILTY | $5,713,169 |
| OTHER LIABILITIES | $1,986,868 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,700,037 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. SHOULD THERE BE INTEREST ON UNDERPAYMENT OF INCOME TAX, THE ORGANIZATION WOULD CLASSIFY IT AS INTEREST EXPENSE. THE ORGANIZATION WOULD CLASSIFY PENALTIES IN CONNECTION WITH UNDERPAYMENT OF INCOME TAX AS OTHER EXPENSE. THE ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE ORGANIZATION HAS FILED ALL APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES. | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Europe (Including Iceland and Greenland) | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | Grantmaking | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $249,463 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $249,463 | SubtotalSpentAmt |
| Total Spent | $249,463 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Europe (Including Iceland and Greenland) | RegionTxt |
| Purpose Of Grant | TO DISBURSE CERTAIN GIFTS, GRANTS, CONTRIBUTIONS AND OTHER REVENUES TO SUPPORT THE ORGANIZATION'S PROGRAM ACTIVITIES. | PurposeOfGrantTxt |
| Cash Grant | $249,463 | CashGrantAmt |
| Manner Of Cash Disbursement | wire | MannerOfCashDisbursementTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE F, PART I, LINE 2: | AS A FISCAL SPONSOR FOR SOCIAL FINANCE UK (SF UK). SOCIAL FINANCE HAS AGREED TO RECEIVE AND DISBURSE GRANTS IN SUPPORT OF PROJECTS OUTSIDE OF THE US THAT ALIGN WITH OUR MISSION. A FISCAL SPONSORSHIP AGREEMENT, EXECUTED BY BOTH PARTIES, ESTABLISHES THE PROCEDURE FOR MONITORING THESE GRANTS. THE AGREEMENT STATES THAT SOCIAL FINANCE RETAINS OVERSIGHT AUTHORITY TO ENSURE THAT THE FUNDS DISBURSED BY SOCIAL FINANCE TO SF UK ARE USED FOR THEIR INTENDED CHARITABLE PURPOSES, AND SOCIAL FINANCE HAS FULL ACCESS TO THE BOOKS, RECORDS, AND SENIOR MANAGEMENT AND FINANCIAL PERSONNEL OF SF UK WITH RESPECT TO THE SPONSORED ACTIVITIES, UPON REQUEST. THE TWO PARTIES HAVE AGREED TO PARTICIPATE IN REGULAR CALLS WITH DISCUSSION OF SPONSORED ACTIVITIES. PROJECT GOVERNANCE, AND COMPLIANCE WITH GRANT AGREEMENTS. AS APPROPRIATE. FINALLY, SF UK IS TO PROVIDE AN ANNUAL WRITTEN SUMMARY OF SPONSORED ACTIVITIES TO SOCIAL FINANCE TO THE EXTENT NOT COVERED BY REPORTS REQUIRED BY GRANTORS. |
| SCHEDULE F, PART II, COLUMN (D): | (A) REGION: EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORA, AUSTRIA, BELGIUM (D) PURPOSE OF GRANT: TO DISBURSE CERTAIN GIFTS, GRANTS, CONTRIBUTIONS AND OTHER REVENUE TO SUPPORT THE ORGANIZATION'S PROGRAM ACTIVITIES. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| MERIT AMERICA | |||||||
| 712 H STREET NE SUITE 1560 | WASHINGTON | DC | 20002 | 842108762 | 501(C)(3) | $64,800 | SUPPORT 18 KNOCKED OUT OR DENIED BORROWERS |
| INLAND SOUTHERN CALIFORNIA UNITED WAY | |||||||
| PO BOX 1613 | RIVERSIDE | CA | 92502 | 951742174 | 501(C)(3) | $300,000 | SUBGRANT DISBURSEMENT TO UW IN ORDER TO OPERATE A GUARANTEED INCOME PILOT PROGRAM |
| MCKINLEYVILLE COMMUNITY COLLABORATIVE | |||||||
| 1615 HEARTWOOD DR | MCKINLEYVILLE | CA | 95519 | 680446130 | 501(C)(3) | $930,000 | SUBGRANT DISBURSEMENT TO MCC IN ORDER TO OPERATE A GUARATEEN INCOME PILOT PROGRAM |
| IFOSTER INC | |||||||
| PO BOX 159 | TRUCKEE | CA | 96160 | 800627614 | 501(C)(3) | $100,000 | TO OPERATE A GUARANTEED INCOME PILOT PROGRAM |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 4 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE I, PART I, LINE 2: | SOCIAL FINANCE HOLDS REGULAR CALLS WITH GRANTEES TO ENSURE ACHIEVEMENT OF GRANT GOALS AND MONITOR COMPLIANCE. ADDITIONALLY, GRANTEES MAY BE PERIODICALLY REQUIRED TO SUBMIT DETAILED FINANCIAL AND PROGRAMMATIC REPORTING. |
| SCHEDULE I, PART II: | (1) MERIT AMERICA 712 H STREET NE, SUITE 1560 WASHINGTON, DC 20002 PURPOSE OF GRANT- SUPPORT 18 KNOCKED OUT OR DENIED BORROWERS (2) INLAND SOUTHERN CALIFORNIA UNITED WAY P.O. BOX 1613 RIVERSIDE, CA 92502 PURPOSE OF GRANT- SUBGRANT DISBURSEMENT TO UW IN ORDER TO OPERATE A GUARANTEED INCOME PILOT PROGRAM (3) MCKINLEYVILLE COMMUNITY COLLABORATIVE 1615 HEARTWOOD DR MCKINLEYVILLE, CA 95519 PURPOSE OF GRANT- SUBGRANT DISBURSEMENT TO MCC IN ORDER TO OPERATE A GUARATEEN INCOME PILOT PROGRAM (4) IFOSTER, INC. P.O. BOX 159 TRUCKEE, CA 96160 PURPOSE OF GRANT- TO OPERATE A GUARANTEED INCOME PILOT PROGRAM |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JUSTIN BAKULE | ||||||||||||||
| VP, IMPACT INVESTMENTS | $215,000 | $0 | $12,935 | $0 | $720 | $0 | $6,450 | $0 | $27,676 | $0 | $262,781 | $0 | $0 | $0 |
| NAVJEET K BAL | ||||||||||||||
| MANAGING DIR & GENERAL COUNSEL | $250,000 | $0 | $12,500 | $0 | $720 | $0 | $7,500 | $0 | $19,669 | $0 | $290,389 | $0 | $0 | $0 |
| Catherine Cho | ||||||||||||||
| VP, Impact Investments | $220,000 | $0 | $11,000 | $0 | $720 | $0 | $3,300 | $0 | $28,866 | $0 | $263,886 | $0 | $0 | $0 |
| Catherine Dun Rappaport | ||||||||||||||
| VP, Impact Investments | $215,000 | $0 | $5,011 | $0 | $720 | $0 | $5,375 | $0 | $27,973 | $0 | $254,079 | $0 | $0 | $0 |
| MICHAEL GROSSMAN | ||||||||||||||
| Managing DIR (until 12/23) | $338,914 | $0 | $18,300 | $0 | $14,512 | $0 | $9,351 | $0 | $30,052 | $0 | $411,129 | $0 | $0 | $0 |
| TRACY PALANDJIAN | ||||||||||||||
| President & CEO | $475,000 | $0 | $28,500 | $0 | $720 | $0 | $13,463 | $0 | $25,948 | $0 | $543,631 | $0 | $0 | $0 |
| JACOB SEGAL | ||||||||||||||
| Managing Director | $254,500 | $0 | $11,111 | $0 | $720 | $0 | $7,635 | $0 | $29,147 | $0 | $303,113 | $0 | $0 | $0 |
| Kirstin Hill | ||||||||||||||
| President & COO (AS OF 9/23) | $126,420 | $0 | $30,000 | $0 | $240 | $0 | $0 | $0 | $0 | $0 | $156,660 | $0 | $0 | $0 |
| JOHN WOODS | ||||||||||||||
| Chief Financial Officer | $258,000 | $0 | $8,620 | $0 | $720 | $0 | $7,740 | $0 | $36,614 | $0 | $311,694 | $0 | $0 | $0 |
| Stephen Vicinelli | ||||||||||||||
| VP, Impact Investments | $215,000 | $0 | $6,014 | $0 | $720 | $0 | $5,913 | $0 | $28,866 | $0 | $256,513 | $0 | $0 | $0 |
| ANDREW C CHEN | ||||||||||||||
| VP, IMPACT INVESTMENTS | $205,000 | $0 | $10,980 | $0 | $720 | $0 | $6,150 | $0 | $20,216 | $0 | $243,066 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TRACY PALANDJIAN | PersonNm |
| Relationship With Org | CEO | RelationshipWithOrgTxt |
| Loan Purpose | RETIREMENT PLAN | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $2,483,585 | OriginalPrincipalAmt |
| Balance Due | $2,526,178 | BalanceDueAmt |
| Default | false | DefaultInd |
| Board Or Committee Approval | Yes (true) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (true) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $2,526,178 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART II: | FormAndLineReferenceDesc |
| Explanation | THE ABOVE REFERENCED LOAN WAS MADE IN 2023 TO FUND PREMIUMS FOR A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") FOR CEO, TRACY PALANDJIAN. THE SERP WAS CANCELLED IN SEPTEMBER 2024 AND ALL SERP PREMIUMS PAID WERE RETURNED TO SOCIAL FINANCE, INC. THE ASSOCIATED LOAN WITH CO-FOUNDER & CEO, TRACY PALANDJIAN, WAS CANCELLED WITH NO AMOUNTS DUE FROM EITHER PARTY. SUBSEQUENTLY IN SEPTEMBER 2024, SOCIAL FINANCE, INC. ENTERED INTO A DEFERRED COMPENSATION PLAN WITH MS. PALANDJIAN, AFTER FOURTEEN YEARS OF SERVICE, TO PROVIDE INCENTIVES FOR LONG-TERM RETENTION. THE FIRST YEAR OF COMPENSATION UNDER THE NEW PLAN WILL BE PRESENTED IN SCHEDULE J IN THE 2024 FORM 990. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE I, ORGANIZATION MISSION: | PARTNERSHIPS AND INVESTMENTS THAT MEASURABLY IMPROVE LIVES. |
| FORM 990, PART I, LINE 8- CONTRIBUTIONS & GRANTS: | In 2022, total contributions were $65,663,400. In 2023, total contributions were $24,185,912, representing a decrease of $41,477,488. Included in the 2022 contributions was $40,347,407 of restricted grant support that was received for the sole purpose of investing in our economic mobility funds, WHICH WILL SUPPORT LOANS AND SERVICES OVER SEVERAL YEARS. |
| FORM 990, PART III, LINE 4A, IMPACT INVESTING SERVICES: | IMPACT INVESTMENTS Through its Impact Investing portfolio, SFI develops and manages impact-first investments and innovative financing solutions that generate positive outcomes for people and communities. In May 2023, SF Advisors, LLC, a wholly-owned subsidiary of SFI, became a registered investment adviser ("RIA") under As an RIA, SFI designs, launches, and manages impact-first investments, designed to generate positive outcomes for people and communities. SFI partners with individuals, family offices, and foundations to amplify their impact by directing more capital towards positive social and/or environmental outcomes. SFI offers asset management services, in which it manages impact-first private investment funds and Pay It Forward Funds. SFI also provides impact-investment advisory services to foundations, donor advised funds, and individuals on building impact investing portfolios. SFI also partners with federal, state, and local governments seeking to deploy public funds to address long-standing social issues, with a focus on outcomes and, in some cases, by leveraging private impact investment funds. SFI also analyses program data, often working with external evaluators with specific expertise. SFI's impact investments are structured either through equity or loan financing structures. It establishes separate affiliates or subsidiaries for each impact investment financing to hold the various contracts with its impact investors, governments (if applicable), the applicable service or training providers, as well as evaluators and loan or income share agreement originators and servicers. Five impact investment strategies employed to date include: . Career Impact Bonds ("CIBs"), a distinct contracting structure based on deferred tuition agreements like outcomes based loans ("OBLs") in which impact investors' funds cover upfront program costs and frequently wraparound support services for low income, under-skilled or under-employed students in order to advance their economic mobility. Unlike traditional student loans, agreements under the CIB programs link repayment to outcomes: students repay program costs once they gain meaningful employment after graduation and achieve the designated income threshold. Repayments are capped at a certain dollar amount and duration. SFI has funded CIBs through its UP Fund, and it has structured certain CIB projects as "pay it forward funds" where student repayments are recirculated to support future cohorts of students. . Career Certificate Fund Trust, a unique loan fund, was established to support economic mobility and prosperity by expanding the access of underserved, underemployed individuals to high-quality training programs designed for in-demand occupations using multiple Google Career Certificate programs. The Trust relies on the CIB financing structure to make interest free loans available to those seeking access to the Google Career Certificate programs. DREAMers Graduate Education loan fund, a unique impact fund which supports graduate educational loans for DREAMers (undocumented immigrant youth who came to this country at a young age and qualify for Deferred Action for Childhood Arrivals immigration status) to attend graduate school to achieve their professional goals. The fund provides graduate education funding at terms comparable to government student loan programs for DREAMers, who do not have access to these traditional educational loans. Social Finance Impact First Fund, an open-end fund of funds, was developed to address the barriers that donor-advised funds ( DAFs ), community and private foundations, PRI-makers, and other philanthropic capital investors face when pursuing innovative funds and investment strategies that support meaningful and measurable change for people and the planet. The Impact First Fund primarily invests in emerging, private market funds with the goal to catalyze positive, measurable environmental and social impact at scale as well as to make impact-first investing easier, more accessible, and more cost efficient. Social Impact Bonds (SIBs) which enable governments to achieve results for communities by partnering with investors, donors, and service providers to tackle particular social challenges. Governments only pay once a program achieves outcomes that benefit service recipients and generate public value. SIBs transfer the risk of non-performance from the public to the private sector and align project partners on the achievement of meaningful impact. Each impact investment team remains engaged in an impact investment project once it is launched through an ongoing project management and active performance management role to support achievement of the project's goals and outcomes. |
| FORM 990, PART III, LINE 4B, IMPACT ADVISORY SERVICES: | IMPACT ADVISORY SERVICES-PUBLIC SECTOR PRACTICE - SFI PARTNERS WITH ELECTED OFFICIALS, POLICYMAKERS, CIVIC LEADERS, COMMUNITY MEMBERS, AND SERVICE PROVIDERS TO DEVELOP GOVERNMENT FUNDING TOOLS THAT LINK FUNDING TO OUTCOMES TO MAXIMIZE THE IMPACT OF TAXPAYER DOLLARS. SFI ANALYZES DATA TO SUPPORT BETTER DECISION MAKING AND HELPS ACTIVELY MANAGE PROGRAMS FOR OUTCOMES. WE ESTABLISH COLLABORATIVE GOVERNANCE STRATEGIES TO DRIVE IMPROVEMENT AND INNOVATION. SFI ALSO STRENGTHENS THE CAPACITY OF GOVERNMENT DEPARTMENTS TO ENABLE MORE EFFECTIVE AND EQUITABLE DELIVERY OF PUBLIC SERVICE, AND IT SUPPORTS PARTNERS IN DESIGNING AND EXECUTING INNOVATIVE PROGRAMS, PRACTICES, AND PARTNERSHIPS, GROUNDED IN PAY FOR SUCCESS PRINCIPLES. |
| FORM 990, PART III, LINE 4C, SFI: | SFI, THROUGH THE SOCIAL FINANCE INSTITUTE, OFFICIALLY LAUNCHED IN 2023, ASPIRES TO REALIGN MARKETS AND SYSTEMS AROUND OUTCOMES, INCLUDING THROUGH ACTIONABLE RESEARCH AND PUBLICATIONS THAT SYNTHESIZE SFI'S LEARNING IN ITS IMPACT INVESTMENT AND ADVISORY WORK. THROUGH KEY MARKET EDUCATION EFFORTS INCLUDING WHITE PAPERS, OP-EDS AND BLOG POSTS, SPEAKING OPPORTUNITIES, CONVENINGS, AND MEDIA ENGAGEMENTS, THE SOCIAL FINANCE INSTITUTE CONTRIBUTES TO THE ADVANCEMENT OF EVIDENCE-BASED POLICY, EFFECTIVE PHILANTHROPY, AND IMPACT INVESTING. BY DEVELOPING COHORT AND LEARNING MODULES, THE SOCIAL FINANCE INSTITUTE WILL FACILITATE NETWORKING AND KNOWLEDGE EXCHANGE ACROSS SECTORS, REGIONS, AND SILOS, CREATING OPPORTUNITIES FOR CHANGEMAKERS TO EXPLORE OUTCOMES-DRIVEN APPROACHES TO SOLVING CHALLENGES. |
| FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES: | MARKET EDUCATION - SFI WORKS TO BUILD THE PFS FIELD THROUGH RESEARCH AND PUBLICATIONS THAT SYNTHESIZE SFI'S LEARNINGS IN ITS IMPACT INVESTMENT AND ADVISORY WORK. THROUGH KEY MARKET EDUCATION EFFORTS, INCLUDING WHITE PAPERS, OP-EDS AND BLOG POSTS, SPEAKING OPPORTUNITIES, AND MEDIA ENGAGEMENTS, SFI CONTRIBUTES TO THE ADVANCEMENT OF EVIDENCE-BASED POLICY, EFFECTIVE PHILANTHROPY, AND IMPACT INVESTING. EXPENSES $213,281 GRANTS $NONE REVENUE $NONE |
| FORM 990, PART VI, SECTION B, LINE 11B: | THE 990 IS REVIEWED BY SFI'S FINANCE AND LEGAL TEAM. IT IS ALSO REVIEWED AND APPROVED BY EXECUTIVE MANAGEMENT AND THE AUDIT & RISK COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 12C: | AN ANNUAL CONFLICT OF INTEREST POLICY STATEMENT IS DISTRIBUTED TO OFFICERS, DIRECTORS, AND MEMBERS OF ANY COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS FOR COMPLETION. ANY CONFLICT WILL BE DISCUSSED WITH THE INTERESTED PERSON AND THE GOVERNING BOARD BEFORE A DECISION IS MADE AS TO THE EXISTENCE OF A CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15: | ALL OFFICER'S AND DIRECTOR'S COMPENSATION WILL BE APPROVED BY A DISINTERESTED BOARD OF DIRECTORS AFTER RESEARCH IS PERFORMED REGARDING SALARIES PAID FOR COMPARABLE WORK IN SIMILARLY SITUATED ORGANIZATIONS AND OTHER APPROPRIATE SALARY SURVEY INFORMATION IS CONSIDERED. |
| FORM 990, PART VI, SECTION C, LINE 19: | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | OTHER CHANGES IN NET ASSETS OR FUND BALANCES: PROVISION FOR LOAN LOSS -$4,317,609 |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (19 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| PAYOR ALLIANCE FOR VETERANS EMPLOYMENT | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 352626192 | COLLECTION | DE | $980,036 | $0 | SFI INC |
| SOCIAL FINANCE CAREER IMPACT BOND GENERA | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 834245427 | SUPPORT | DE | -$43,005 | $3,527,456 | SFI INC |
| UP FUND GP LLC | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 843158563 | ASSISTANCE | DE | $0 | $444,383 | SFI INC |
| SF ADVISORS LLC | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 843150850 | MANAGEMENT CO | DE | $822,086 | $481,970 | SFI INC |
| UP FUND INVESTMENTS LLC | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 843874868 | FEEDER FUND | DE | $21,041 | $6,693,413 | SFI INC |
| SF CAREER IMPACT BOND MANAGING MEMBER | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 834273633 | SUPPORT | DE | $0 | $0 | SFI INC |
| DREAMERS GRADUATE EDUCATION FINANCING TR | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | bostong | MA | 02110 | 876438000 | education | DE | $407,844 | $7,028,054 | SFI INC |
| PAY IT FORWARD NJ LLC | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 872634808 | EDUCATION | DE | $2,500,000 | $10,498,429 | SFI INC |
| UP FUND ACUITUS LLC | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 844506025 | feeder fund | DE | $0 | $0 | SFI INC |
| UP FUND ADTC LLC | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 853074540 | FEEDER FUND | DE | $0 | $0 | SFI INC |
| UP FUND ALCHEMY LLC | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 853269424 | FEEDER FUND | DE | $0 | $0 | SFI INC |
| MIAMI PAY IT FORWARD FUND LLC | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 882481930 | IT | DE | $0 | $0 | SFI INC |
| COLORADO PAY IT FORWARD FUND LLC | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 920441496 | HEALTHCARE | DE | $2,883,750 | $2,288,319 | SFI INC |
| PAY IT FORWARD NY LLC | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 883292118 | ECONOMIC MOBI | DE | $0 | $1,499,994 | SFI INC |
| CAREER CERTIFICATE FUND TRUST | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 886577881 | ECONOMIC MOBI | DE | $265,797 | $9,848,273 | SFI INC |
| UP FUND CRF LLC | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 880542554 | FEEDER FUND | DE | $0 | $0 | SFI INC |
| SFIFF INVESTMENTS LLC | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 932025778 | FEEDER FUND | DE | $0 | $4,252,067 | SFI INC |
| SOCIAL FINANCE IMPACT-FIRST GP | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 923440003 | EQUITY INTERE | DE | $0 | $990,102 | SFI INC |
| UP FUND LAC LLC | |||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 931802271 | FEEDER FUND | DE | $0 | $0 | SFI INC |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt |
|---|---|---|---|---|---|---|---|---|
| UP FUND LP | ||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 843759377 | capital purchases | DE | NA | N/A |
| SOCIAL FINANCE IMPACT-FIRST FUND LP | ||||||||
| 2 ATLANTIC AVENUE 5TH FLOOR | BOSTON | MA | 02110 | 923453138 | INVESTMENTS | DE | NA | N/A |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| UP FUND LP | ||
| Q | $806,889 | COST |
| Social Finance Impact-First Fund LP | ||
| Q | $60,750 | COST |
| Social Finance Impact-First Fund LP | ||
| B | $5,300,000 | COST |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS PARTNERSHIPS: | FormAndLineReferenceDesc |
| Explanation | NAME, ADDRESS, AND EIN OF RELATED ORGANIZATIONS: UP FUND, LP EIN: 84-3759377 2 ATLANTIC AVENUE, 5TH FLOOR BOSTON, MA 02110 SOCIAL FINANCE IMPACT-FIRST FUND, LP EIN: 92-3453138 2 ATLANTIC AVENUE, 5TH FLOOR BOSTON, MA 02110 | ExplanationTxt |