2021-11-15T16:49:34-06:00 2020-12-31 BDO USA LLP ONE INTERNATIONAL PLACE BOSTON MA 02110 990 2020-01-01 274620963 Social Finance Inc % ELIZABETH DINH SOCI 6179399900 2 Atlantic Avenue 5th Floor Boston MA 02110 Tracy Palandjian President & CEO 6179399900 2021-11-15 true Tracy Palandjian XXX-XX-XXXX Brian Vigneault P00540650 6174220700 2021-11-15 3 2020 2022-09-23 18:48:47Z X Tracy Palandjian 2 Atlantic Avenue 5th Floor Boston MA 02110 15898059 false X www.socialfinance.org X 2011 MA SOCIAL FINANCE IS A NATIONAL IMPACT FINANCE AND ADVISORY NONPROFIT. WE WORK WITH PUBLIC, PRIVATE, AND SOCIAL SECTORS TO CREATE PARTNERSHIPS AND (CONTINUED ON SCHEDULE O.) 15 14 79 14 0 0 18715742 9805446 4815645 5967073 165350 118040 12689 7500 23709426 15898059 1094557 1892795 0 0 6826553 8335316 0 0 181479 4439779 5115426 12360889 15343537 11348537 554522 27643072 30934940 4621673 7659147 23021399 23275793 X 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. false false 7520698 1892795 2888417 SOCIAL INVESTMENT - AS AN INTERMEDIARY, SFI WORKS IN COLLABORATION WITH ITS PARTNERS TO DESIGN, LAUNCH, AND MANAGE PFS PROJECTS, INCLUDING GOVERNMENT AND OTHER PAYORS OF OUTCOMES ("PAYORS"), SERVICE PROVIDERS, AND IMPACT INVESTORS. THE SOCIAL INVESTMENT PROGRAM IS FOCUSED ON A RANGE OF ACTIVITIES, INCLUDING IDENTIFYING HIGH-PERFORMING SERVICE PROVIDERS, DESIGNING PROJECTS ("PFS PROJECTS"), ANALYZING PROGRAM DATA, CONDUCTING COST-BENEFIT ANALYSIS, AND DRAFTING AND EXECUTING PFS CONTRACTS. WHEN OUTSIDE CAPITAL IS REQUIRED, SFI WORKS WITH PRIVATE IMPACT INVESTORS TO RAISE THE NECESSARY CAPITAL FOR PFS PROJECTS THROUGH EITHER EQUITY OR LOAN FINANCING STRUCTURES. SFI ESTABLISHES SEPARATE AFFILIATES OR SUBSIDIARIES FOR EACH PFS PROJECT TO HOLD THE VARIOUS CONTRACTS WITH THE APPLICABLE PAYORS ("PFS CONTRACTS") AND THE INVESTORS ("EQUITY DOCUMENTS OR CREDIT AGREEMENTS") AND SERVICE PROVIDERS. INVESTOR FUNDS ARE APPLIED OVER TIME TO SUPPORT THE SERVICE DELIVERY AND OTHER COSTS OF THE PFS PROJECT. OUTCOME PAYMENTS RECEIVED BY THE APPLICABLE SFI AFFILIATE OR SUBSIDIARY UPON ACHIEVEMENT OF OUTCOMES ARE THEN REMITTED TO THE INVESTORS IN ACCORDANCE WITH THE EQUITY DOCUMENTS OR CREDIT AGREEMENTS. IF A PFS PROJECT FAILS TO MEET ONE OR MORE OUTCOMES, THE PAYOR WILL NOT BE OBLIGATED TO MAKE THE CORRESPONDING OUTCOME PAYMENTS, AND THE INVESTORS WILL NOT BE REPAID ALL OR A PORTION OF THEIR INVESTMENT. TWO SOCIAL INVESTMENT STRATEGIES EMPLOYED TO DATE INCLUDE: - SOCIAL IMPACT BONDS ("SIB"), WHICH ENABLE GOVERNMENTS TO ACHIEVE RESULTS FOR COMMUNITIES BY PARTNERING WITH INVESTORS AND SERVICE PROVIDERS TO TACKLE PARTICULAR SOCIAL CHALLENGES. GOVERNMENT ONLY PAYS ONCE A PROGRAM ACHIEVES OUTCOMES THAT BENEFIT SERVICE RECIPIENTS AND GENERATE PUBLIC VALUE. SIBS TRANSFER RISK OF NON-PERFORMANCE FROM THE PUBLIC TO THE PRIVATE SECTOR AND ALIGN PROJECT PARTNERS ON THE ACHIEVEMENT OF MEANINGFUL IMPACT. - CAREER IMPACT BONDS ("CIBS"), A DISTINCT CONTRACTING STRUCTURE BASED ON DEFERRED TUITION AGREEMENTS LIKE INCOME SHARE AGREEMENTS IN WHICH IMPACT INVESTOR'S INVESTMENTS COVER UPFRONT PROGRAM COSTS AND CRITICAL WRAPAROUND SERVICES FOR LOW-INCOME, UNDER SKILLED, OR UNDER EMPLOYED STUDENTS IN ORDER TO ADVANCE THEIR ECONOMIC MOBILITY. UNLIKE TRADITIONAL STUDENT LOANS, DEFERRED TUITION AGREEMENTS UNDER THE CIB PROGRAMS DO NOT HAVE PRINCIPAL AND AN INTEREST RATE, BUT RATHER LINK REPAYMENT TO OUTCOMES: STUDENTS REPAY PROGRAM COSTS AS A PERCENTAGE OF THEIR INCOME ONLY ONCE THEY GAIN MEANINGFUL EMPLOYMENT AFTER GRADUATION AND ACHIEVE THE DESIGNATED INCOME THRESHOLD. REPAYMENTS ARE CAPPED AT A CERTAIN DOLLAR AMOUNT AND DURATION. THE SOCIAL INVESTMENT TEAM MAY REMAIN ENGAGED IN A PFS PROJECT ONCE IT IS LAUNCHED THROUGH AN ONGOING PROJECT MANAGEMENT AND ACTIVE PERFORMANCE MANAGEMENT ROLE TO SUPPORT ACHIEVEMENT OF THE PFS PROJECT GOALS AND OUTCOMES. 4273654 0 3077330 ADVISORY SERVICES - THROUGH THE ADVISORY PROGRAM, SFI PARTNERS WITH GOVERNMENTS, FOUNDATIONS, AND SERVICE PROVIDERS TO TACKLE SOCIAL CHALLENGES USING THE FULL RANGE OF PAY FOR SUCCESS STRATEGIES. SFI IDENTIFIES BEST-IN-CLASS INVENTIONS, PERFORMS RIGOROUS ANALYSES, BUILDS ECONOMIC MODELS, AND DEVELOPS CUSTOMIZED CLIENT-CENTRIC SOLUTIONS TO DRIVE MEANINGFUL, MEASURABLE RESULTS FOR COMMUNITIES IN NEED. ADVISORY WORK TO DATE HAS INCLUDED LANDSCAPE ANALYSES, FEASIBILITY STUDIES, PERFORMANCE MANAGEMENT SERVICES, AND OUTCOMES RATE CARDS. OUTCOMES RATE CARDS ARE A MENU OF OUTCOMES THAT THE GOVERNMENT SEEKS TO ACHIEVE AND THE PRICES THEY ARE WILLING TO PAY FOR EACH OUTCOME ADJUSTMENT, EITHER AS A BONUS PAYMENT TO THE SERVICE PROVIDER OR AS A CONTINGENT PORTION OF THE FEE-FOR-SERVICE PAYMENT. THEY ARE USED AS A PROCUREMENT AND CONTRACTING TOOL WITH THE ABILITY TO STANDARDIZE PERFORMANCE-BASED CONTRACTING, THROUGH PAY FOR SUCCESS, AND DRASTICALLY REDUCE THE TIME SUCH DEALS TAKE TO GET TO MARKET. ONE RATE CARD CAN RESULT IN MULTIPLE CONTRACTS WITH MULTIPLE PROVIERS, WHICH MUST DELIVER AGAINST ITS PREDETERMINED OUTCOMES AND PRIZES, RECEIVING PAYMENT ONLY WHEN THE STATED OUTCOMES ARE ACHIEVED AND PARTICIPANTS' LIVES ARE POSITIVELY IMPACTED. 821772 0 10000 MARKET EDUCATION - SFI WORKS TO BUILD THE PFS FIELD THROUGH RESEARCH AND PUBLICATIONS THAT SYNTHESIZE SFI'S LEARNINGS AS A PFS PRACTITIONER. 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. 12616124 true true false false false false false false false false true false false true true true true true false false true true false false false false false true false true false false false false false false false true false false false false true true true true false false true 27 0 true 79 true false false false false false false false false false false false false X 15 14 false false false false false false false true true false false true true true true true true true true false CA MA NY X X ELIZABETH DINH 6179399900 2 ATLANTIC AVENUE 5TH FLOOR Boston MA 02110 Tracy Palandijian President & CEO 40.0 2.0 X X 275562 0 30283 Jeffrey Shumway Managing Director 40.0 0.0 X 230192 0 30424 Navjeet Bal Managing Dir & General Counsel 40.0 2.0 X 223548 0 29234 Nirav Shah VP, Social Investment 40.0 0.0 X 185357 0 28836 Jacob Segal VP, Advisory 40.0 0.0 X 199195 0 13275 John Woods VP, Accounting & Finance 40.0 0.0 X 178508 0 29344 Teresa Anne Knickman Plancher VP, Staff & Strategy 40.0 0.0 X 176607 0 21166 Rashmi Khare VP, Social Investment 40.0 0.0 X 176214 0 13526 Bracebridge Young Jr Chairperson & Director 2.0 0.0 X X 0 0 0 Pamela Dippel Choney Treasurer & Director 2.0 0.0 X X 0 0 0 Laurene Sperling Director 2.0 0.0 X 0 0 0 Sandra Urie Director 2.0 0.0 X 0 0 0 Ian Simmons Director 2.0 0.0 X 0 0 0 Nancy Zimmerman Clerk & Director 2.0 0.0 X 0 0 0 Karen Dynan Director 2.0 0.0 X 0 0 0 Sir Ronald Mourad Cohen Director 2.0 0.0 X 0 0 0 Ed Shapiro Vice Chair & Director 2.0 0.0 X X 0 0 0 Doug Henderson Director 2.0 0.0 X 0 0 0 Laura Lauder Director 2.0 0.0 X 0 0 0 Elizabeth Lempres Director 2.0 0.0 X 0 0 0 Alexa Rachlin Director 2.0 0.0 X 0 0 0 Andrew Marino Director 2.0 0.0 X 0 0 0 1645183 0 196088 37 false true false Tuscaloosa Research Education Adv 3701 Loop Road East TUSCALOOSA AL 35404 VetsCare Project Fee 611619 General Assembly Space Inc 902 Broadway 4th Floor NEW YORK NY 10010 CIB Project Fee 600000 Interface Family Children Service 4001 Mission Oaks Blvd Ste 1 CAMARILLO CA 93012 Ventura Project Fee 493980 Jobs for the Future 88 Broad Street 8th Floor BOSTON MA 02110 Consulting 179743 Brighthive Inc 223 N Michigan Ave Ste 1800 CHICAGO IL 60601 CIB Development 158334 7 1920245 7885201 9805446 PROGRAM FEES 900099 3182066 3182066 VETS CARE OUTCOME PAYMENTS 900099 1698637 1698637 VENTURA OUTCOME PAYMENTS 900099 1086370 1086370 MA PATHWAYS OUTCOME PAYMENTS 900099 5967073 118040 118040 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 7500 7500 7500 15898059 5974573 118040 1418475 1418475 0 474320 474320 0 819243 645218 164470 9555 0 6005551 4572519 1366719 66313 175632 138324 35260 2048 815331 642137 163685 9509 519559 409194 104306 6059 0 48725 36931 7795 3999 70374 53339 11259 5776 0 0 0 638260 483763 102110 52387 55311 48315 5914 1082 149849 120503 26908 2438 267394 212939 51388 3067 0 407646 320978 81910 4758 56921 52669 3800 452 0 0 0 0 48738 38376 9793 569 41588 33443 7468 677 PROGRAM FEES 2788782 2381846 394894 12042 SUBCONTRACTORS 495862 495862 ALL OTHER EXPENSES 45976 36973 8255 748 15343537 12616124 2545934 181479 619037 824122 14494674 18731550 9460986 6888682 802850 1022086 0 0 0 0 0 0 0 0 571309 476116 234108 151532 65939 82576 0 0 0 0 0 0 0 0 1628277 2909808 27643072 30934940 1325622 1438939 0 0 115011 50380 0 0 0 0 0 0 0 0 3119343 5903839 61697 265989 4621673 7659147 X 7774184 10039968 15247215 13235825 23021399 23275793 27643072 30934940 554522 -300128 X X false true X true true true X 3697220 7114874 11479906 18715742 9805446 50813188 0 0 3697220 7114874 11479906 18715742 9805446 50813188 11650873 39162315 17643 34387 137961 165350 118040 473381 0 900 12689 7500 21089 51307658 0.76328 0.67160 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME 2018 AMOUNT: $ 900 2019 AMOUNT: $ 12,689 2020 AMOUNT: $ 7,500 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36607 33745 2862 175212 104008 71204 22289 13779 8510 82576 DUE FROM (TO) RELATED PARTIES 3070 DEPOSITS 103049 INVESTMENT IN UP FUND GP 345721 INVESTMENT IN UP FUND LLC 639583 INVESTMENTS IN AFFILIATES 1818360 INTEREST 25 2909808 0 DEFERRED RENT 6681 OTHER LIABILITIES 258120 INTEREST PAYABLE ON CONTINGENT FEE AGREEMENTS 1188 265989 X 30321634 -300128 38756 14684947 14423575 15898059 15898059 20585077 38756 5202784 5241540 15343537 15343537 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A MAXIMUM 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. FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. THE ORGANIZATION IS SUBJECT TO AUDIT BY TAX AUTHORITIES. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. MANAGEMENT BELIEVES THAT ITS NONPROFIT STATUS WOULD BE SUSTAINED UPON EXAMINATION. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL OR STATE INCOME TAX EXAMINATIONS FOR YEARS BEFORE 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: SOCIAL FINANCE CT FAMILY STABILITY 2016 MANAGER, INC. $ 1,289 REVENUES REPORTED ON SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC $ 11,164,907 REVENUES REPORTED ON MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC $ 1,574,814 ELIMINATIONS $ 1,943,937 TOTAL $ 14,684,947 PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES REPORTED ON SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC $ 2,502,072 EXPENSES REPORTED ON MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC $ 987,460 ELIMINATIONS $ 1,713,252 TOTAL $ 5,202,784 true Europe (Including Iceland and Greenland) 0 0 Grantmaking 474320 0 0 0 0 474320 474320 Europe (Including Iceland and Greenland) TO DISBURSE CERTAIN GIFTS, GRANTS, CONTRIBUTIONS AND OTHER REVENUES TO SUPPORT THE ORGANIZATION'S PROGRAM ACTIVITIES. 474320 Wire 0 N/A FMV false false false false false false PART I, LINE 3: 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. 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. true FIDELITY INVESTMENT CHARITABLE FUND 200 SEAPORT BLVD NCW4B BOSTON MA 02110 110303001 501(C)(3) 127828 0 FMV N/A SUPPORT SFI IN ITS WORK TO INCREASE THE NUMBER OF HIGH-QUALITY PAY FOR SUCCESS ("PFS") PROJECTS COMBINED JEWISH PHILANTHROPIES OF GREATER BOSTON 126 HIGH STREET BOSTON MA 02110 042103559 501(C)(3) 1290647 0 FMV N/A SUPPORT SFI IN ITS WORK TO INCREASE THE NUMBER OF HIGH-QUALITY PAY FOR SUCCESS ("PFS") PROJECTS 2 0 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. PART II, LINE 1, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: FIDELITY INVESTMENT CHARITABLE GIFT FUND (H) PURPOSE OF GRANT OR ASSISTANCE: SUPPORT SFI IN ITS WORK TO INCREASE THE NUMBER OF HIGH-QUALITY PAY FOR SUCCESS ("PFS") PROJECTS AND TO ENHANCE THE ABILITY OF SERVICE PROVIDERS AND GOVERNMENTS TO MORE EFFECTIVELY IMPROVE OUTCOMES ACROSS DIERSE ISSUE AREAS AND GEOGRAPHIES. NAME OF ORGANIZATION OR GOVERNMENT: COMBINED JEWISH PHILANTHROPIES OF GREATER BOSTON (H) PURPOSE OF GRANT OR ASSISTANCE: SUPPORT SFI IN ITS WORK TO INCREASE THE NUMBER OF HIGH-QUALITY PAY FOR SUCCESS ("PFS") PROJECTS AND TO ENHANCE THE ABILITY OF SERVICE PROVIDERS AND GOVERNMENTS TO MORE EFFECTIVELY IMPROVE OUTCOMES ACROSS DIVERSE ISSUE AREAS AND GEOGRAPHIES. X X X false false false false false false false false false Rashmi Khare VP, Social Investment 163561 0 12000 0 653 0 4979 0 8547 0 189740 0 0 0 Teresa Anne Knickman Plancher VP, Staff & Strategy 160981 0 15000 0 626 0 4987 0 16179 0 197773 0 0 0 John Woods VP, Accounting & Finance 164784 0 13000 0 724 0 5098 0 24246 0 207852 0 0 0 Nirav Shah VP, Social Investment 170218 0 15000 0 139 0 5185 0 23651 0 214193 0 0 0 Jacob Segal VP, Advisory 171084 0 16000 0 12111 0 5185 0 8090 0 212470 0 0 0 Navjeet Bal Managing Dir & General Counsel 201269 0 21000 0 1279 0 6178 0 23056 0 252782 0 0 0 Jeffrey Shumway Managing Director 202928 0 21000 0 6264 0 6178 0 24246 0 260616 0 0 0 Tracy Palandijian President & CEO 244699 0 30000 0 863 0 7491 0 22792 0 305845 0 0 0 FORM 990, PART I, LINE I, ORGANIZATION MISSION: INVESTMENTS THAT MEASURABLY IMPROVE LIVES. 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 XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. 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EIN: 36-4829457 2 ATLANTIC AVENUE, 5TH FLOOR BOSTON, MA 02110 PART III, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS PARTNERSHIPS: NAME, ADDRESS, AND EIN OF RELATED ORGANIZATIONS: MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC EIN: 32-0500335 2 ATLANTIC AVENUE, 5TH FLOOR BOSTON, MA 02110 UP FUND, LP EIN: 84-3759377 2 ATLANTIC AVENUE, 5TH FLOOR BOSTON, MA 02110