2020-08-18T08:13:51-07:00 2019-12-31 200268717 FUOCO GROUP LLP 200 PARKWAY DRIVE SOUTH SUITE 302 HAUPPAUGE NY 11788 990 2019-01-01 205124665 SEACHANGE CAPITAL PARTNERS INC SEAC 2123361500 1385 BROADWAY 23RD FLOOR NEW YORK NY 10018 JOHN MACINTOSH PARTNER 2020-08-18 true Barry S Krostich CPA P00051586 6313601700 2019 2020-09-23 17:36:50Z 1385 BROADWAY 23RD FLOOR NEW YORK NY 100189238 1951548 false X www.seachangecap.org X 2006 DE SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONAL CHALLENGES. WE DO THIS WITH GRANTS, LOANS, CONSULTING, AND RESEARCH TO EDUCATE NONPROFITS, FUNDERS, AND OTHER STAKEHOLDERS. SEACHANGE ALSO WORKS TO BUILD EFFECTIVE CONNECTIONS BETWEEN FUNDERS AND NONPROFITS ON THE ASSOCIATED ISSUES. 10 8 10 2 0 1311570 1431604 425786 501004 13318 17762 25170 1178 1775844 1951548 419036 390865 0 1095415 1190447 0 38987 313295 521997 1827746 2103309 -51902 -151761 2790296 2925144 26328 308863 2763968 2616281 SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONAL CHALLENGES. WE DO THIS WITH GRANTS, LOANS, CONSULTING, AND RESEARCH TO EDUCATE NONPROFITS, FUNDERS, AND OTHER STAKEHOLDERS. SEACHANGE ALSO WORKS TO BUILD EFFECTIVE CONNECTIONS BETWEEN FUNDERS AND NONPROFITS ON THE ASSOCIATED ISSUES.WE FOCUS IN FOUR AREAS:IN MERGERS AND SUSTAINED COLLABORATION, WE SUPPORT ORGANIZATONS THAT ALREADY HAVE A SERIOUS INTEREST IN COMING TOGETHEROR IN EXPLORING HOW THEY MIGHTBY COVERING A PORTION OF THE COSTS OF EXPLORING OR COMPLETING THE TRANSACTION. WE MANAGE THREE GRANTMAKING PROGRAMSTHE SEACHANGE-LODESTAR FUND FOR NONPROFIT COLLABORATION, THE NEW YORK MERGER AND COLLABORATION FUND, AND THE GREATER PHILADELPHIA NONPROFIT REPOSITIONING FUNDTHAT PROVIDE FUNDING TO ENCOURAGE AND SUPPORT MERGERS, ACQUISITIONS, JOINT VENTURES, AND OTHER TYPES OF FORMAL, SUSTAINED COLLABORATIONS BETWEEN NONPROFITS. WE ALSO PROMOTE SUSTAINED COLLABORATION BETWEEN NONPROFITS NATIONALLY, SHARING BEST PRACTICE false false 1779335 390865 501004 SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONAL CHALLENGES. WE DO THIS WITH GRANTS, LOANS, CONSULTING, AND RESEARCH TO EDUCATE NONPROFITS, FUNDERS, AND OTHER STAKEHOLDERS. SEACHANGE ALSO WORKS TO BUILD EFFECTIVE CONNECTIONS BETWEEN FUNDERS AND NONPROFITS ON THE ASSOCIATED ISSUES.SeaChange launched in early 2008 with support from the Bill & Melinda Gates Foundation, Omidyar Network, the William and Flora Hewlett Foundation, the Surdna Foundation, Goldman Sachs, and a group of individual philanthropists. After an initial focus on education and youth development through the Catalyst Fund (2008-2016), SeaChange expanded into sustained collaboration with the SeaChange-Lodestar Fund for Nonprofit Collaboration (2009-present), the New York Merger and Collaboration Fund (NYMAC, 2012-present), and the Greater Philadelphia Nonprofit Repositioning Fund (Nonprofit Repositioning Fund, 2018-present); into credit with the Contact Fund (2013-present); and into impact investing with The New York Pooled PRI Fund (NYPRI, 2014-present). NYPRI and the Contact Fund are both separate legal entities; SeaChange serves as the Managing Member of NYPRI and manages Contact Fund pursuant to a management services agreement. NYMAC, the Catalyst Fund, the SeaChange-Lodestar Fund for Nonprofit Collaboration, and the Nonprofit Repositioning Fund are grantmaking programs of SeaChange that are referred to as funds because each has a distinct set of philanthropic funders to whom certain governance rights have been granted. None of these four programs are distinct legal entities.In 2011, SeaChange began providing consulting services in response to requests from nonprofits and funders. Our work will continue to evolve in response to changes in the environment, feedback from the market, and reflection on our accomplishments and challenges. SeaChange also regularly releases reports analyzing major issues for the nonprofit sector, as well as opinion pieces in various publications.During 2019, SeaChange made grants to support 25 sustained collaboration transactions across the SeaChange-Lodestar Fund (9), NYMAC (9), and the Nonprofit Repositioning Fund (7), compared to 32 total grants funded in 2018. SeaChange had a staff of nine full-time employees in 2019 and eight in 2018. 1779335 true true false false false false false false false false true false true false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false true 10 0 false 10 false false false false false false false false 0 false false false false false false false X 10 8 false false true false false false false true true false false true true true true true true true true false NY X JOHN MACINTOSH 2123361500 1385 BROADWAY 23RD FLOOR NEW YORK NY 100189238 X Nadya Shmavonian Partner 40.00 0.00 176872 0 19902 John Macintosh Partner 40.00 0.00 173989 0 18559 Jessica Cavagnero Partner 40.00 0.00 161678 0 17280 TAJREENA TABASSOOM VICE PRESIDENT 40.00 0.00 110271 0 12402 GARY SYMAN Trustee 1.00 0.00 X 0 0 0 MARK E REED III Trustee 10.00 0.00 X 0 0 0 W BOWMAN CUTTER Trustee 1.00 0.00 X 0 0 0 GEORGIA LEVENSON KEOHANE Trustee 1.00 0.00 X 0 0 0 JOHN MACINTOSH Trustee 1.00 0.00 X 0 0 0 Tata Traor-Rogers Trustee 1.00 0.00 X 0 0 0 MARGARET CROTTY Trustee 1.00 0.00 X 0 0 0 TAYLOR KUSHNER Trustee 1.00 0.00 X 0 0 0 JESSICA L CAVAGNERO Treasurer 1.00 0.00 X 0 0 0 DOUGLAS SMITH Chairman 1.00 0.00 X 0 0 0 622810 68143 4 false true false Open Impact 2955 Campus Drive San Mateo CA 94403 CONSULTING 212500 1 1431604 1431604 Advisory Consulting 541900 30126 30126 Management Fees 541610 470878 470878 501004 17762 17762 0 0 0 0 0 0 0 Other 900099 1178 1178 1178 1951548 519944 X 390865 390865 0 0 0 335657 281952 43635 10070 0 689612 579273 89651 20688 80952 68000 10524 2428 13023 10939 1693 391 71203 59811 9256 2136 0 3006 1605 1401 26872 26872 0 0 0 275454 257824 17630 0 1569 16 1553 11556 5662 5894 0 99060 83211 12877 2972 53481 22996 30485 0 0 0 0 3778 3174 491 113 4700 3948 611 141 PAYROLL SERVICE FEE 22746 22746 DUES AND SUBSCRIPTIONS 10764 8610 2154 BAD DEBT 6000 6000 MISCELLANEOUS 1609 1351 210 48 1402 98 1304 2103309 1779335 284987 38987 1354555 1421888 892683 921703 68788 123750 0 0 0 50000 0 0 97761 120738 59482 47669 5861 11813 17322 19261 0 268702 305991 0 34624 0 2790296 2925144 8784 20715 17000 26000 544 262148 26328 308863 X 1738975 1713135 1024993 903146 2763968 2616281 2790296 2925144 -151761 4074 X X false true X true false X 1440686 1335424 1403855 1311570 1431604 6923139 0 0 1440686 1335424 1403855 1311570 1431604 6923139 1381315 5541824 278 939 4680 13318 17762 36977 0 253 6405 1115 420 8193 6968309 0.79530 0.74400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17733 16428 1305 41749 31241 10508 11813 305991 Due to Contact Fund 98599 Due to New York Pooled PRI Fund, LLC 163549 262148 X 2301332 4074 345710 349784 1951548 1951548 2449019 345710 345710 2103309 2103309 Part X : FIN48 Footnote SEACHANGE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT SEACHANGE HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGITION OR DISCLOSURE. true AMERICAN ACADEMY OF HOME CARE 2700 Lighthouse Point East Baltimore MD 21224 10000 0 FACILITATE MERGER BETWEEN TWO ORGS. ASSOC OF CLINICAL PASTORAL 55 Ivan Allen Jr Boulevard ATLANTA GA 30308 18000 0 FACILITATE MERGER BETWEEN TWO ORGS. BAILEY HOUSE 1751 Park Ave NEW YORK NY 10035 43300 0 FACILITATE MERGER BETWEEN TWO ORGS. Betances Health Center 280 Henry St NEW YORK NY 10002 40500 0 FACILITATE MERGER BETWEEN TWO ORGS. COLLEGE POSSIBLE 3211 Martin Luther King Jr W SEATTLE WA 98144 9500 0 FACILITATE MERGER BETWEEN TWO ORGS. Community Healthcare Network 2581 Atlantic Ave BROOKLYN NY 11207 55000 0 FACILITATE MERGER BETWEEN TWO ORGS. DEMPSEY CENTERS FOR QUALITY PO Box 277 Auburn ME 04212 15000 0 FACILITATE MERGER BETWEEN TWO ORGS. GIBNEY DANCE 890 BROADWAY 5TH FLOOR NEW YORK NY 10003 29964 0 TO SUBSIDIZE THEIR FINANCING COSTS GO2 FOUNDATION FOR LUNG CANCE 1700 K ST NW 660 WASHINGTON DC 20006 10000 0 FACILITATE MERGER BETWEEN TWO ORGS. GRACE INSTITUTE OF NY 378 E 151st St 5 BRONX NY 10455 10000 0 FACILITATE MERGER BETWEEN TWO ORGS. Hudson Valley Community Serv 40 Saw Mill River Rd Hawthorne NY 10532 18520 0 FACILITATE MERGER BETWEEN TWO ORGS. New Haven Land Trust 817 Grand Ave 102 New Haven CT 06511 9100 0 FACILITATE MERGER BETWEEN TWO ORGS. NORTHWEST MARITINE CENTER 431 Water St Port Townsend WA 98368 8000 0 FACILITATE MERGER BETWEEN TWO ORGS. The Arc Eastern Connecticut 125 Sachem St Norwich CT 06360 10000 0 FACILITATE MERGER BETWEEN TWO ORGS. THE HOPE PROGRAM ONE 12th St Brooklyn NY 11215 15000 0 FACILITATE MERGER BETWEEN TWO ORGS. THE MOUNTAIN INSTITUTE INC 1725 I St NW WASHINGTON DC 20006 7500 0 FACILITATE MERGER BETWEEN TWO ORGS. VAN CORTLANT PARK ALLIANCE 80 Van Cortlandt Park S BRONX NY 10463 28500 0 FACILITATE MERGER BETWEEN TWO ORGS. Workforce Professionals Train 11 Park Pl NEW YORK NY 10007 24467 0 TO FACILIATE A SPINOUT FROM A SPONS WORKING CAPITAL FOR COMMUNITY 211 S PATERSON STREET MADISON WI 53703 8750 0 FACILITATE MERGER BETWEEN TWO ORGS. 0 19 Grantmaker's Description of How Grants are Used EACH GRANTEE AND SEACHANGE AGREE TO TERMS ABOUT SEMI-ANNUAL REPORTING BY THE GRANTEE TO SEACHANGE ABOUT THE PROGRESS OF THE GRANTEE TOWARD ITS GOALS UNDER THE GRANT. MEMBERS OF SEACHANGE'S PROGRAM TEAM MONITOR THIS PROGRESS. THEY REPORT TO THE SEACHANGE BOARD AT EACH BOARD MEETING ABOUT ONGOING USE OF GRANT FUNDS.NORMAL PROCEDURES ALSO INCLUDE REVIEW OF FINANCIALS, STAFF AND STAKEHOLDER INTERVIEWS, MULTIPLE SITE VISITS, AND AN ECOSYSTEM SURVERY. X X X false false false false false false false false false Jessica Cavagnero Partner 161678 16000 1280 178958 John Macintosh Partner 173989 16998 1561 192548 Nadya Shmavonian Partner 176872 18000 1902 196774 Form 990, Part VI, Line 1a: Explanation of Delegated Broad Authority to Committee THE BOARD OF DIRECTORS CONSISTS OF THE CHAIR AND 9 OTHER VOTING MEMBERS. THE TREASURER POSITION IS HELD BY A SEACHANGE PARTNER AND VOTNG MEMBER. THE SECRETARY POSITION IS HELD BY A NON-VOTING SEACHANGE STAFF MEMBER. Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents THE ORGANIZATION HAS UPDATED THEIR BYLAWS SINCE THE LAST FILING OF FORM 990. Form 990, Part VI, Line 11b: Form 990 Review Process KEY PERSONNEL COMPLETED THE COLLECTION OF DATA ON GOVERNANCE, AUDITED FINANCIALS, AND PROGRAM INFORMATION BEFORE SUBMITTING TO THE OFFICERS FOR REVIEW. THE OFFICERS MET WITH THE AUDITOR TO DISCUSS KEY ISSUES. THE CHAIR OF THE AUDIT COMMITTEE REVIEWED THE COMPLETED FINANCIALS WITH THE AUDITOR AND MET WITH THE OFFICERS TO DISCUSS KEY ISSUES.AN ELECTRONIC COPY OF THE 990 WAS SENT TO EACH MEMBER BY A PARTNER. BEFORE IT WAS FILED, EACH DIRECTOR, IN PARTICULAR THE CHAIRMAN OF THE BOARD AND THE CHAIR OF THE AUDIT COMMITTEE, AND EACH PARTNER WAS ASKED TO REVIEW THE 990 AND EITHER REQUEST CLARIFICATION OR CORRECTION OR APPROVE ITS FILING. AFTER THE 990 WAS FILED, AT THE NEXT BOARD MEETING THE 990 WAS ON THE BOARD'S AGENDA FOR DISCUSSION. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts THE ORGANIZATION'S CORPORATE BYLAWS HAVE A CONFLICT-OF-INTEREST POLICY THAT ADDRESSES THE MATTER OF CONFLICTS IN THE WAY THAT MATTERS MOST IMPORTANTLY TO THE ORGANIZATION, THROUGH PARTICIPATION IN A DECISION ABOUT MAKING A GRANT TO AN ORGANIZATION WITH WHICH THE PARTICIPANT HAS EITHER A CONFLICTING RELATIONSHIP OR WHAT COULD BE SEEN AS A CONFLICTING RELATIONSHIP. THIS POLICY HAS BEEN ELABORATED ON IN A SUPPLEMENTARY MEMORANDUM FOR THE BOARD AND STAFF. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE COMPENSATION FOR THE MANAGING PARTNER IS ESTABLISHED BY THE BOARD. THE COMPENSATION FOR ALL OTHER EMPLOYEES IS ESTABLISHED BY THE MANAGING PARTNER, WITH APPROVAL FROM THE CHAIRMAN OF THE BOARD. ALL SALARIES AND BENEFITS ARE BASED ON BENCHMARKING ABOUT COMPENSATION FOR COMPARABLE POSITIONS IN THE NONPROFIT SECTOR. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available FINANCIAL STATEMENTS ARE AVAILABLE PUBLICLY THROUGH GUIDESTAR, on the organization's website, AS REQUIRED THROUGH NEW YORK STATE LAWS GOVERNING CHARITABLE ORGANIZATIONS. Form 990, Part XII, Line 2: Change of Oversight or Selection Process OVER SIGHT OF THE AUDIT - THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.