2021-11-12T09:16:51-06:00 2020-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2020-01-01 454230249 SOCIAL VENTURE PARTNERS BOSTON INC SOCI 6174750930 71 COMMERCIAL STREET NO 139 BOSTON MA 02109 JASON WILLIAMS EXECUTIVE DIRECTOR 6174750930 2021-11-11 1 JASON WILLIAMS 999009999 SANDRA M BROWN CPA P01614103 5088717178 2021-11-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SVP BOSTON JASON WILLIAMS 71 COMMERCIAL STREET NO 139 BOSTON MA 02109 478280 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. 9 9 4 45 0 0 468058 478279 0 0 1 1 0 0 468059 478280 168000 205750 0 0 234166 256263 0 0 77035 43521 42925 445687 504938 22372 -26658 127142 164954 71566 136036 55576 28918 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 205750 205750 GRANTMAKING: SVP BOSTON PROVIDES GENERAL OPERATING SUPPORT GRANTS TO A PORTFOLIO OF CAREFULLY SELECTED NONPROFITS. FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019, THE ORGANIZATION PROVIDED CASH GRANTS TOTALING $212,000 AND $168,000 TO NINE AND SEVEN NONPROFIT ORGANIZATIONS, RESPECTIVELY. 99297 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'SEFFECTIVENESS, SUSTAINABILITY, AND ABILITY TO FULFILL ITS MISSION. IN THE YEAR ENDED DECEMBER 31, 2020, SVP BOSTON ESTIMATES THAT ITS PARTNERS DONATED APPROXIMATELY 3,448 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 $517,200. THIS AMOUNT OF IN-KIND SERVICES IS NOT INCLUDED AS A PROGRAM EXPENSE IN THE NUMBERS REPORTED ON THIS FORM 990. 24824 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. 329871 1 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 MA X LAUREN OTTERMAN 6174750930 71 COMMERCIAL STREET NO 139 BOSTON MA 02109 STEVE KENNEY PRESIDENT 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 VICE PRESIDENT 1.00 X X 0 0 0 LAURA HOCKETT FORMER TREASURER/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 DIRECTOR 1.00 X 0 0 0 MONALISA SMITH DIRECTOR 1.00 X 0 0 0 DAVID FERREIRA FORMER PRESIDENT 1.00 X X 0 0 0 JESSIE CRONAN EXECUTIVE DIRECTOR 40.00 X 142131 0 0 142131 0 0 1 0 0 0 0 251500 42000 184779 478279 1 1 478280 0 0 1 205750 205750 138472 55389 13847 69236 91847 38902 52945 25944 10621 7524 7799 8500 8500 4402 527 3875 2411 399 2012 12569 6285 6284 916 816 100 2038 465 1573 MEMBERSHIP DUES/FEES 9550 9550 MISCELLANEOUS 1372 1372 EVENT AND EUCATION SESS 1035 1035 PROFESSIONAL DEVELOPMEN 132 132 504938 329871 98032 77035 88185 155394 2520 36917 5000 2040 2040 127142 164954 2316 4336 69250 89500 0 42200 71566 136036 X 43996 17338 11580 11580 55576 28918 127142 164954 -26658 0 X 1 X 0 0 0 X 337545 449202 459526 468058 478279 2192610 337545 449202 459526 468058 478279 2192610 12638 2179972 5 4 69 1 1 80 2192690 0.99420 0.99580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 CONDITIONAL GRANT ADVANCE 42200 42200 1 TRINITY BOSTON CONNECTS 206 CLARENDON STREET BOSTON MA 02116 042736718 501(C)(3) 25000 FMV N/A GENERAL OPERATING SUPPORT STRATEGIES FOR YOUTH PO BOX 390174 CAMBRIDGE MA 02139 271389973 501(C)(3) 25000 FMV N/A GENERAL OPERATING SUPPORT ABOUT FRESH 69 SHIRLEY STREET BOSTON MA 02119 462848535 501(C)(3) 25000 FMV N/A GENERAL OPERATING SUPPORT FOOD FOR FREE COMMUNITIES INC 11 INMAN STREET CAMBRIDGE MA 02139 222561771 501(C)(3) 25000 FMV N/A GENERAL OPERATING SUPPORT GENERATION CITIZEN 745 ATLANTIC AVENUE 2ND FLOOR BOSTON MA 02111 272039522 501(C)(3) 18750 FMV N/A GENERAL OPERATING SUPPORT ENROOT 99 BISHOP ALLEN DRIVE CAMBRIDGE MA 02135 042103901 501(C)(3) 16500 FMV N/A GENERAL OPERATING SUPPORT BOSTON CASA INC 85 MERRIMAC STREET BOSTON MA 02114 043110775 501(C)(3) 33000 FMV N/A GENERAL OPERATING SUPPORT VETERANS LEGAL SERVICES PO BOX 8457 BOSTON MA 02114 043212264 501(C)(3) 37500 FMV N/A GENERAL OPERATING SUPPORT 8 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 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 EXECUTIVE DIRECTOR A PERFORMANCE REVIEW. COMPENSATION ADJUSTMENTS ARE DISCUSSED AND DECISIONS ARE BASED ON EXECUTIVE DIRECTOR 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