2022-11-11T07:52:59-06:00 2021-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2021-01-01 454230249 SOCIAL VENTURE PARTNERS BOSTON INC SOCI 6174750930 71 COMMERCIAL STREET 139 BOSTON MA 02109 JASON WILLIAMS CHIEF EXECUTIVE OFFICER 6174750930 2022-11-11 1 JASON WILLIAMS 999009999 SANDRA M BROWN CPA P01614103 5088717178 2022-11-11 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SVP BOSTON JASON WILLIAMS 71 COMMERCIAL STREET 139 BOSTON MA 02109 479979 0 X WWW.SVPBOSTON.ORG X 2012 MA SVP BOSTON, A GROUP OF DIVERSE, HIGHLY SKILLED PROFESSIONALS, COLLABORATES WITH CAREFULLY SELECTED BOSTON AREA NON-PROFITS BY INVESTING THEIR TIME, SKILLS, AND MONEY TO INCREASE THE CAPACITY OF THESE NON-PROFITS TO DELIVER MEANINGFUL SOCIAL IMPACT. IN ITS COMBINATION OF FUNDING AND VOLUNTEERING, SVP BOSTON PROVIDES A UNIQUE, TARGETED, AND HIGHLY LEVERAGED PHILANTHROPIC FUNDING SOURCE TO THE BOSTON AREA NON-PROFIT COMMUNITY, WHILE ALSO ENABLING ITS GRANT RECIPIENTS TO ACCESS STRATEGIC-LEVEL VOLUNTEERS, ADVICE, CONTACTS, AND ORGANIZATIONAL PRACTICES.IN ADDITION TO PROVIDING FUNDING AND VOLUNTEER EXPERTISE TO CAREFULLY SELECTED BOSTON AREA NONPROFITS, SVP BOSTON ALSO SEEKS TO DEVELOP EFFECTIVE PHILANTHROPY IN THE BOSTON AREA BY EDUCATING ITS PARTNERS TO BE INFORMED, EFFECTIVE, LIFE-LONG PHILANTHROPISTS. AS SUCH, SVP BOSTON IS A CATALYST FOR CHARITABLE GIVING AND FOR MAKING CHARITABLE GIFTS MORE EFFECTIVELY IN THE BOSTON AREA. 11 11 6 54 0 0 478279 479979 0 0 1 0 0 0 478280 479979 205750 122500 0 0 256263 262671 0 0 73341 42925 56480 504938 441651 -26658 38328 164954 131950 136036 64704 28918 67246 X SVP BOSTON, A GROUP OF DIVERSE, HIGHLY SKILLED PROFESSIONALS, COLLABORATES WITH CAREFULLY SELECTED BOSTON AREA NONPROFITS BY INVESTING THEIR TIME, SKILLS, AND MONEY TO INCREASE THE CAPACITY OF THESE NONPROFITS TO DELIVER MEANINGFUL SOCIAL IMPACT. IN ITS COMBINATION OF FUNDING AND VOLUNTEERING, SVP BOSTON PROVIDES A UNIQUE, TARGETED, AND HIGHLY LEVERAGED PHILANTHROPIC FUNDING SOURCE TO THE BOSTON AREA NONPROFIT COMMUNITY, WHILE ALSO ENABLING ITS GRANT RECIPIENTS TO ACCESS STRATEGIC-LEVEL VOLUNTEERS, ADVICE, CONTACTS, AND ORGANIZATIONAL PRACTICES.IN ADDITION TO PROVIDING FUNDING AND VOLUNTEER EXPERTISE TO CAREFULLY SELECTED BOSTON AREA NONPROFITS, SVP BOSTON ALSO SEEKS TO DEVELOP EFFECTIVE PHILANTHROPY IN THE BOSTON AREA BY EDUCATING ITS PARTNERS TO BE INFORMED, EFFECTIVE, LIFE-LONG PHILANTHROPISTS. AS SUCH, SVP BOSTON IS A CATALYST FOR CHARITABLE GIVING AND FOR MAKING CHARITABLE GIFTS MORE EFFECTIVELY IN THE BOSTON AREA. 0 0 235963 122500 GRANTMAKING: SVP BOSTON PROVIDES GENERAL OPERATING SUPPORT GRANTS TO A PORTFOLIO OF CAREFULLY SELECTED NONPROFITS. FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020, THE ORGANIZATION PROVIDED CASH GRANTS TOTALING $122,500 AND $205,750 TO SEVEN AND EIGHT NONPROFIT ORGANIZATIONS, RESPECTIVELY.NONPROFIT CAPACITY BUILDING: SVP BOSTON SUPPORTS CAPACITY BUILDING FOR ITS INVESTEES BY PROVIDING CASH GRANTS AND SKILLED VOLUNTEERS. SVP BOSTON HELPS NONPROFITS BE AS EFFECTIVE AS POSSIBLE IN DELIVERING THEIR PROGRAMS AND SERVICES BY HELPING TO BUILD THEIR ORGANIZATIONAL CAPACITY. SVP BOSTON DEFINES ORGANIZATIONAL CAPACITY BUILDING AS THE DEVELOPMENT OF CORE SKILLS, MANAGEMENT PRACTICES, STRATEGIES, AND SYSTEMS TO ENHANCE AN ORGANIZATION'S EFFECTIVENESS, SUSTAINABILITY, AND ABILITY TO FULFILL ITS MISSION. IN THE YEAR ENDED DECEMBER 31, 2021, SVP BOSTON ESTIMATES THAT ITS PARTNERS DONATED APPROXIMATELY 3,500 HOURS TO THESE NONPROFITS. BASED ON AN AVERAGE RATE OF $150 FOR PRO BONO BUSINESS CONSULTING SERVICES, WHICH IS BENCHMARKED AGAINST INDUSTRY STANDARDS, SVP BOSTON ESTIMATES THAT THE VALUE OF ITS VOLUNTEERING WAS APPROXIMATELY $525,000. THIS AMOUNT OF IN-KIND SERVICES IS NOT INCLUDED AS A PROGRAM EXPENSE IN THE NUMBERS REPORTED ON THIS FORM 990.PHILANTHROPY DEVELOPMENT: SVP BOSTON PROVIDES WORKSHOPS, SEMINARS, AND EXPERIENTIAL LEARNING OPPORTUNITIES FOR ITS PARTNERS IN ORDER TO (1) INCREASE THEIR USE OF STRATEGIC GIVING STRATEGIES; (2) INCREASE ENGAGEMENT IN THEIR COMMUNITIES; AND (3) INCREASE THEIR AMOUNT OF GIVING. LEARNING AREAS INCLUDE GRANT MAKING, VOLUNTEERING, SECTORAL ISSUES AND THE NONPROFIT SECTOR. 235963 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 MA X MONICA NOETHER 6174750930 71 COMMERCIAL STREET 139 BOSTON MA 02109 STEVE KENNEY BOARD CO-CHAIRMAN 1.00 X X 0 0 0 MONICA NOETHER TREASURER 1.00 X X 0 0 0 BILL ASHER DIRECTOR 1.00 X 0 0 0 MARVA SEROTKIN DIRECTOR 1.00 X 0 0 0 KEYUR PATEL FORMER CO-CHAIRMAN/CURRENT DIRECTOR 1.00 X X 0 0 0 JASON ALLEN DIRECTOR 1.00 X 0 0 0 GARY GARBER DIRECTOR 1.00 X 0 0 0 JOHN VALPEY SECRETARY 1.00 X X 0 0 0 JULIA KAROL FORMER DIRECTOR 1.00 X 0 0 0 MONALISA SMITH DIRECTOR 1.00 X 0 0 0 CHARLES DANIELS DIRECTOR 1.00 X 0 0 0 LAUREN D'AMICO DIRECTOR 1.00 X 0 0 0 JESSIE CRONAN FORMER EXECUTIVE DIRECTOR 40.00 X 62100 0 0 JASON WILLIAMS CHIEF EXECUTIVE OFFICER 40.00 X 87416 0 0 149516 0 0 0 0 0 0 0 233500 42200 204279 479979 479979 0 0 0 122500 122500 152627 53420 35104 64103 82268 37610 43572 1086 27776 11814 8945 7017 14138 14138 14925 14925 4514 2962 498 1054 2298 94 2173 31 381 295 86 4721 4721 MEMBERSHIP DUES/FEES 12000 6000 6000 MISCELLANEOUS 3024 1000 1974 50 EVENT AND EUCATION SESS 479 268 211 441651 235963 132347 73341 155394 120447 2520 2520 5000 8983 2040 0 164954 131950 4336 8454 89500 56250 42200 0 136036 64704 X 17338 58633 11580 8613 28918 67246 164954 131950 38328 0 X 1 X 0 0 0 X 449202 459526 468058 478279 479979 2335044 449202 459526 468058 478279 479979 2335044 35190 2299854 4 69 1 1 0 75 2335119 0.98490 0.99420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 STRATEGIES FOR YOUTH PO BOX 390174 CAMBRIDGE MA 02139 271389973 501(C)(3) 25000 0 FMV N/A GENERAL OPERATING SUPPORT ABOUT FRESH 69 SHIRLEY STREET BOSTON MA 02119 462848535 501(C)(3) 6250 0 FMV N/A GENERAL OPERATING SUPPORT FOOD FOR FREE COMMUNITIES INC 11 INMAN STREET CAMBRIDGE MA 02139 222561771 501(C)(3) 25000 0 FMV N/A GENERAL OPERATING SUPPORT GENERATION CITIZEN 745 ATLANTIC AVENUE 2ND FLOOR BOSTON MA 02111 272039522 501(C)(3) 31250 0 FMV N/A GENERAL OPERATING SUPPORT BIKES NOT BOMBS INC 284 ARMORY STREET JAMAICA PLAIN MA 02130 043138753 501(C)(3) 25000 0 FMV N/A GENERAL OPERATING SUPPORT LEADERSHIP BRAINERY INC 111 TREMONT STREET UNIT 501 BOSTON MA 02135 830705607 501(C)(3) 10000 0 FMV N/A GENERAL OPERATING SUPPORT 6 PART I, LINE 2: SVP MEMBERS ENGAGE IN A FOUR MONTH, SOPHISTICATED DUE DILIGENCE PROCESS TO SELECT THE NONPROFIT ORGANIZATIONS THAT RECEIVE OUR SUPPORT. OUR GRANTS ARE MADE TO THESE CAREFULLY SELECTED NONPROFITS FOR THE PURPOSE OF GENERAL OPERATING SUPPORT. THIS IS CLEARLY LAID OUT IN ALL APPLICATION MATERIAL AND GRANT DISTRIBUTION MATERIAL PROVIDED TO THE NONPROFITS WE SUPPORT. ADDITIONALLY, EACH NONPROFIT IS ASSESSED ANNUALLY ACCORDING TO MUTUALLY AGREED PERFORMANCE METRICS AND EACH NONPROFIT REPORTS HOW THE SVP GRANT FUNDS WERE USED. ANNUAL PROGRESS FOR EACH NONPROFIT IS THEN VETTED BY OUR BOARD OF DIRECTORS, WHICH ELECTS WHETHER TO RENEW SUPPORT. UPON A RENEWAL DECISION, ADDITIONAL GRANTS ARE MADE, SUBJECT TO THE SAME MONITORING AND REPORTING REQUIREMENTS. FORM 990, PART VI, SECTION A, LINE 4 REVISED BY-LAWS IN 2021 FORM 990, PART VI, SECTION A, LINE 8B N/A FORM 990, PART VI, SECTION B, LINE 11B THE BOARD PRESIDENT AND TREASURER REVIEW AND APPROVE THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12 THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AND SENIOR MANAGEMENT AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE ON FAIR MARKET VALUE WILL BE ESTABLISHED. FORM 990, PART VI, SECTION B, LINE 15A ON AN ANNUAL BASIS, THE FULL BOARD OF DIRECTORS PROVIDES THE CHIEF EXECUTIVE OFFICER A PERFORMANCE REVIEW. COMPENSATION ADJUSTMENTS ARE DISCUSSED AND DECISIONS ARE BASED ON CHIEF EXECUTIVE OFFICER PERFORMANCE AS WELL AS BENCHMARKS AGAINST SIMILAR LEADERSHIP POSITIONS IN THIS GEOGRAPHIC REGION, ORGANIZATIONS OF A SIMILAR SIZE, AND ORGANIZATIONS WITH A SIMILAR MISSION. RESULTS OF THE DISCUSSION ARE FULLY RECORDED IN MEETING MINUTES. BOARD MEMBERS AND OFFICERS OF THE CORPORATION RECEIVE NO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST