2019-10-24T15:07:09-05:00 2018-12-31 133842744 MBAF CPAS LLC 440 PARK AVE SOUTH NEW YORK NY 10016 990 2018-01-01 274620963 SOCIAL FINANCE INC SOCI 6179399900 10 MILK STREET NO 1010 BOSTON MA 02108 TRACY PALANDJIAN PRESIDENT & CEO 6179399900 2019-10-18 1 MARC TAUB P00236664 2125761400 139.194.23.100 2019-10-18 09:53:16 ED P 913AEF01DEF8EC71BF512CB8341D47D4D1ABF31F 9D77D5089F6CFDFA10E33FA204CA8B8BB51CC565 2018 2020-01-14 16:20:31Z TRACY PALANDJIAN 10 MILK STREET NO 1010 BOSTON MA 02108 13964882 0 X WWW.SOCIALFINANCE.ORG X 2011 MA SOCIAL FINANCE IS DEDICATED TO MOBILIZING CAPITAL TO DRIVE SOCIAL PROGRESS. WE BRING TOGETHER UNCOMMON PARTNERS-GOVERNMENTS, INVESTORS, AND SERVICE PROVIDERS-AROUND A COMMON PURPOSE: TO MEASURABLY IMPROVE THE LIVES OF THOSE MOST IN NEED. CORE TO OUR WORK IS A SET OF INNOVATIVE PAY FOR SUCCESS STRATEGIES AND FINANCIAL INSTRUMENTS THAT DRIVE PUBLIC AND PRIVATE RESOURCES TOWARD PROGRAMS WITH DEMONSTRATED TRACK RECORDS OF ACHIEVING SOCIAL OUTCOMES. IN ADDITION, WE ARE COMMITTED TO MARKET EDUCATION EFFORTS THAT BUILD THE PAY FOR SUCCESS FIELD AND DISSEMINATE OUR LEARNINGS AS PRACTITIONERS. 10 9 74 9 0 0 7114874 11479906 2174063 2346115 34387 137961 0 900 9323324 13964882 1834112 729853 0 0 4670440 5463432 0 0 200018 1436607 3884405 7941159 10077690 1382165 3887192 9242359 15683196 1456689 4010334 7785670 11672862 X SOCIAL FINANCE IS DEDICATED TO MOBILIZING CAPITAL TO DRIVE SOCIAL PROGRESS. WE BRING TOGETHER UNCOMMON PARTNERS-GOVERNMENTS, INVESTORS, AND SERVICE PROVIDERS-AROUND A COMMON PURPOSE: TO MEASURABLY IMPROVE THE LIVES OF THOSE MOST IN NEED. CORE TO OUR WORK IS A SET OF INNOVATIVE PAY FOR SUCCESS STRATEGIES AND FINANCIAL INSTRUMENTS THAT DRIVE PUBLIC AND PRIVATE RESOURCES TOWARD PROGRAMS WITH DEMONSTRATED TRACK RECORDS OF ACHIEVING SOCIAL OUTCOMES. IN ADDITION, WE ARE COMMITTED TO MARKET EDUCATION EFFORTS THAT BUILD THE PAY FOR SUCCESS FIELD AND DISSEMINATE OUR LEARNINGS AS PRACTITIONERS. 0 0 5603277 664581 876735 SOCIAL INVESTMENT - SOCIAL FINANCE DESIGNS, FUNDS, LAUNCHES AND MANAGES PAY FOR SUCCESS (PFS) FINANCING STRATEGIES THAT MOBILIZE PUBLIC AND PRIVATE CAPITAL TO IMPROVE SOCIAL OUTCOMES FOR PEOPLE IN NEED. WE PARTNER WITH GOVERNMENTS, SERVICE PROVIDERS, AND INVESTORS TO DESIGN PROGRAMS, PERFORM DATA ANALYSIS AND EVALUATION, CONDUCT ECONOMIC STUDIES, EXECUTE PFS CONTRACTS, AND ACTIVELY MANAGE FOR PERFORMANCE. TWO OF OUR CORE PFS FINANCING STRATEGIES ARE THE SOCIAL IMPACT BOND AND CAREER IMPACT BOND.SOCIAL IMPACT BONDS (SIBS) AIM TO IMPROVE SOCIAL OUTCOMES BY DRIVING GREATER EFFECTIVENESS OF GOVERNMENT SPENDING. WE RAISE PRIVATE IMPACT INVESTMENT CAPITAL TO SCALE SERVICES DELIVERED BY HIGH PERFORMING NONPROFIT ORGANIZATIONS. INVESTORS ARE REPAID VIA A PERFORMANCE BASED CONTRACT WITH GOVERNMENT IF AND WHEN THE PROJECT ACHIEVES THE PRE-DEFINED SOCIAL OUTCOMES. WE PLAY AN ONGOING, ACTIVE PERFORMANCE MANAGEMENT ROLE FOR EACH FINANCING TO SUPPORT THE ACHIEVEMENT OF PROJECT OUTCOMES. IN 2018, SOCIAL FINANCE LAUNCHED THE $5.1M "VETERANS CARE" SIB IN NEW YORK CITY, BOSTON, AND THE COMMONWEALTH OF MASSACHUSETTS TO SUPPORT UNEMPLOYED OR UNDEREMPLOYED VETERANS WITH POST-TRAUMATIC STRESS DISORDER IN ATTAINING COMPETITIVE EMPLOYMENT. IN ADDITION, SOCIAL FINANCE WAS ADVISOR TO A $0.5M SIB LAUNCHED IN DELAWARE. THESE TWO SIBS JOIN PREVIOUSLY LAUNCHED PROJECTS IN CONNECTICUT, NEW YORK STATE, SOUTH CAROLINA, MASSACHUSETTS, AND CALIFORNIA.THE CAREER IMPACT BOND (CIB) IS A FORM OF INCOME SHARE AGREEMENT WITH A DISTINCT FOCUS ON IMPROVING ACCESS TO HIGH-QUALITY WORKFORCE DEVELOPMENT PROGRAMS FOR LOW-INCOME POPULATIONS. THIS INNOVATIVE PFS FINANCING STRATEGY AIMS TO TRANSFORM ACCESS TO BEST-IN-CLASS TRAINING PROGRAMS BY REMOVING THE UPFRONT COST-BURDEN FOR LOW-INCOME STUDENTS. IN A CIB, INVESTORS COVER UPFRONT PROGRAM COSTS, WHICH STUDENTS REPAY AS A FIXED PERCENT OF THEIR INCOME, ONCE THEY GAIN MEANINGFUL EMPLOYMENT, OVER A FIXED PERIOD OF TIME. UNLIKE TRADITIONAL STUDENT LOANS, CIBS OFFER STUDENT-FRIENDLY TERMS. IN ADDITION TO A MINIMUM INCOME THRESHOLD, THEY ARE TIME-CAPPED AND DOLLAR-CAPPED. SOCIAL FINANCE WILL LAUNCH ITS FIRST CIB IN 2019. 2484394 63696 1470280 ADVISORY SERVICES - SOCIAL FINANCE PARTNERS WITH GOVERNMENTS, FOUNDATIONS AND SERVICE PROVIDERS TO ASSESS PROMISING PROGRAMS THAT COULD BENEFIT FROM PFS STRATEGIES AND FINANCING. IN PARTICULAR, WE SUPPORT GOVERNMENT PARTNERS TO TRANSITION TOWARDS OUTCOMES-ORIENTED PROCUREMENT PRACTICES. WE IDENTIFY BEST-IN-CLASS INTERVENTIONS, EXECUTE ECONOMIC ANALYSES, PERFORM DUE DILIGENCE, DESIGN INITIATIVES BASED ON EVIDENCE AND MEASURABLE OUTCOMES, IMPROVE PERFORMANCE THROUGH ONGOING, DATA-DRIVEN MANAGEMENT, AND CONDUCT OTHER ADVISORY ACTIVITIES IN ORDER TO ACHIEVE BETTER OUTCOMES FOR COMMUNITIES IN NEED. IN 2018, SOCIAL FINANCE ADVISED CLIENTS SUCH AS THE NEW YORK CITY MAYOR'S OFFICE OF CRIMINAL JUSTICE, THE PHILADELPHIA FEDERAL RESERVE, THE OPEN SOCIETY FOUNDATION, THE TEXAS DEPARTMENT OF FAMILY AND PROTECTIVE SERVICES, AND WASHINGTON STATE HEALTH CARE AUTHORITY. SOCIAL FINANCE ALSO CONTINUED TO ADVISE PARTNERS ON USING PFS THROUGH EXISTING GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION AND THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE. 435529 1576 MARKET EDUCATION - THROUGH RESEARCH, ADVOCACY, AND PUBLICATIONS, SOCIAL FINANCE SUPPORTS THE DEVELOPMENT OF THE PFS FIELD AND THE BROADER IMPACT INVESTING AND EVIDENCE-BASED POLICY MOVEMENTS. IN 2018, SOCIAL FINANCE PUBLISHED THREE WHITE PAPERS: "FOCUSING ON RESULTS: HOW NONPROFITS ARE USING DATA TO IMPROVE THEIR COMMUNITIES", "USING PAY FOR SUCCESS TO IMPROVE OUTCOMES FOR THE PERSISTENTLY HOMELESS IN SACRAMENTO, AND "EXPANDING ACCESS TO JUSTICE WITH SOCIAL IMPACT FINANCING." IN ADDITION, WE CONTRIBUTED TO TWO BOOKS: WRITING A CHAPTER FOR THE FEDERAL RESERVE'S THREE-VOLUME SERIES, "INVESTING IN AMERICA'S WORKFORCE: IMPROVING OUTCOMES FOR WORKERS AND EMPLOYERS, AND CONTRIBUTING TO A CHAPTER FOR THE ROBERT WOOD JOHNSON FOUNDATION "CULTURE OF HEALTH" SERIES. SOCIAL FINANCE GAVE A TEDX TALK AND SPOKE AT KEY CONFERENCES INTERNATIONALLY, INCLUDING THIRD VATICAN IMPACT INVESTING SUMMIT, THE 19TH WORLD KNOWLEDGE FORUM IN SEOUL, THE GSG IMPACT SUMMIT IN INDIA AND THE FORBES 400 SUMMIT. SOCIAL FINANCE'S WORK TO MOBILIZE CAPITAL TO DRIVE SOCIAL PROGRESS WAS COVERED BY LEADING MEDIA OUTLETS OVER THE COURSE OF THE YEAR, INCLUDING THE NEW YORK TIMES, FAST COMPANY AND GOVERNING. 8523200 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 1 16 0 1 74 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY CA X X JOHN WOODS 6179399900 10 MILK STREET 1010 BOSTON MA 02108 BRACEBRIDGE H YOUNG JR CHAIRPERSON & DIRECTOR 2.00 X X 0 0 0 TRACY PALANDJIAN PRESIDENT & CEO 40.00 2.00 X X 229818 0 29853 ED SHAPIRO VICE CHAIR & DIRECTOR 2.00 X X 0 0 0 SIR RONALD MOURAD COHEN DIRECTOR 2.00 X 0 0 0 KAREN DYNAN DIRECTOR 2.00 X 0 0 0 NANCY ZIMMERMAN CLERK & DIRECTOR 2.00 X 0 0 0 SANDRA URIE DIRECTOR 2.00 X 0 0 0 LAURENE SPERLING DIRECTOR 2.00 X 0 0 0 PAMELA DIPPEL CHONEY TREASURER & DIRECTOR 2.00 X X 0 0 0 IAN SIMMONS DIRECTOR 2.00 X 0 0 0 LARA METCALF MANAGING DIRECTOR THROUGH FEB 2018 40.00 2.00 X 61147 0 1024 NAVJEET K BAL MANAGING DIRECTOR & GENERAL COUNSEL 40.00 2.00 X 207814 0 27467 JEFFREY SHUMWAY MANAGING DIRECTOR OF ADVISORY 40.00 X 213910 0 27545 JACOB SEGAL VICE PRESIDENT 40.00 X 151323 0 19467 NIRAV SHAH VICE PRESIDENT 40.00 X 147391 0 25984 JOANNA VANDEN VICE PRESIDENT OF OPERATIONS 40.00 X 139442 0 10645 CASEY LITTLEFIELD VICE PRESIDENT 40.00 2.00 X 150154 0 11835 RASHMI KHARE DIRECTOR 40.00 X 128696 0 11330 1429695 0 165150 16 0 1 0 TUSCALOOSA RESEARCH AND EDUCATION ADVANC 3701 LOOP ROAD EAST TUSCALOOSA AL 35404 VETS CARE PFS PROJECT SERVICE PROVIDER F 676049 INTERFACE FAMILY & CHILDREN SERVICES 4001 MISSION OAKS BLVD SUITE I CAMARILLO CA 93012 VENTURA PFS PROJECT SERVICE PROVIDER FEE 484596 JONES DAY 1755 EMBARCADERO ROAD PALO ALTO CA 94303 VENTURA PFS PROJECT LEGAL FEES 330774 BRIGHTHIVE INC 233 N MICHIGAN AVE SUITE 1800 CHICAGO IL 60601 CAREER IMPACT BOND (CIB) DEVELOPMENT 158333 AMEL KARBOUL 2 RUE KSOUR ESSEF ARIANA TS 2080 CONSULTING 100315 5 1338765 10141141 11479906 PROGRAM FEES 900099 2210435 2210435 VENTURA OUTCOME PAYMENTS 900099 135680 135680 2346115 137961 137961 OTHER INCOME 900099 900 900 900 13964882 2347015 0 137961 130607 130607 599246 599246 798577 687202 63924 47451 3815744 3071334 689477 54933 88825 71360 16294 1171 423448 340987 76290 6171 336838 274044 55585 7209 178690 178690 215387 215387 113691 81365 11876 20450 152456 109109 15925 27422 35020 31509 2163 1348 160303 83263 75357 1683 159533 129830 26265 3438 351746 286173 58045 7528 363445 347294 12117 4034 19673 17701 1215 757 49629 49629 25664 20880 4235 549 46809 41485 4485 839 PROGRAM FEES 1171550 1171550 SUBCONTRACTORS 713277 713277 RECRUITING FEES 78722 56339 8223 14160 BAD DEBT EXPENSE 48810 43258 4677 875 10077690 8523200 1354472 200018 1380646 2534745 5920023 6608907 571424 4499545 441758 219208 333312 134882 74315 40498 60567 1110560 1204362 9242359 15683196 1071698 1188744 225769 62132 71965 2565056 87257 194402 1456689 4010334 X 6783962 7465972 1001708 4206890 7785670 11672862 9242359 15683196 3887192 0 X X 0 1 X 1 1 1 X 6636093 2120948 3697220 7114874 11479906 31049041 6636093 2120948 3697220 7114874 11479906 31049041 11513233 19535808 8916 8137 17643 34387 137961 207044 900 900 31256985 8038984 0.62500 0.56800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 900. 0 0 0 0 37111 20509 16602 81965 47205 34760 15806 6601 9205 60567 SFI SECURITY DEPOSIT 72101 DUE FROM SFI'S AFFILIATES AND SUBSIDIARIES 69635 INVESTMENT IN VENTURA COUNTY PROJECT TO SUPPORT REENTRY LLC 300000 INVESTMENT IN MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC 761652 INTEREST RECEIVABLE 974 1204362 SFI DEFERRED RENT 50108 VENTURA PFS PROJECT INTEREST PAYABLE 11739 DUE TO SFI 1077 VENTURA PFS PROJECT PRE-PAID LOAN COMMITMENT 17046 VETS CARE INTEREST PAYABLE 24432 VETS CARE GRANT PAYABLE 90000 194402 X 15819885 15313 2268380 2283693 13536192 428690 428690 13964882 16595605 15313 6931292 6946605 9649000 428690 428690 10077690 PART X, LINE 2: 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 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 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, STATE, OR LOCAL INCOME TAX EXAMINATIONS FOR YEARS BEFORE 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES REPORTED ON SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC 227,150. REVENUES REPORTED ON SOCIAL FINANCE CT FAMILY STABILITY 2016 MANAGER, INC. 2,598. REVENUES REPORTED ON MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC 2,038,632. PART XI, LINE 4B - OTHER ADJUSTMENTS: MANAGEMENT FEES REVENUE FROM AFFILIATES 428,690. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES REPORTED ON SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 LLC 385,608. EXPENSES REPORTED ON SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC 3,000,545. EXPENSES REPORTED ON MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC 3,545,139. PART XII, LINE 4B - OTHER ADJUSTMENTS: MANAGEMENT FEES REVENUE FROM AFFILIATES 428,690. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTS TO A RECIPIENT 599246 0 0 0 0 0 0 599246 0 599246 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO DISBURSE CERTAIN GIFTS, GRANTS, CONTRIBUTIONS AND OTHER REVENUES TO SUPPORT THE ORGANIZATION'S PROGRAM ACTIVITIES. 599246 WIRE TRANSFER 0 0 0 0 0 0 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. 1 RESEARCH FOUNDATION OF CUNY 230 WEST 41ST ST 7TH FL NEW YORK NY 10036 131988190 501(C)(3) 25012 SUPPORT SFI IN ITS PREPARATION AND DEVELOPMENT OF A FEASIBILITY STUDY EXPLORING THE POTENTIAL OF SUSTAINABLE FINANCING MODELS FOR SCALING THE SAIL PROGRAM AT LORAIN COMMUNITY COLLEGE MDRC 16 EAST 34TH ST 19TH FL NEW YORK NY 10016 237379473 501(C)(3) 25102 SUPPORT SFI IN ITS PREPARATION AND DEVELOPMENT OF A FEASIBILITY STUDY EXPLORING THE POTENTIAL OF SUSTAINABLE FINANCING MODELS FOR SCALING THE SAIL PROGRAM AT LORAIN COMMUNITY COLLEGE LORAIN COUNTY COMMUNITY COLLEGE 1005 NORTH ABBE ROAD ELYRIA OH 44035 340930187 501(C)(3) 25000 SUPPORT SFI IN ITS PREPARATION AND DEVELOPMENT OF A FEASIBILITY STUDY EXPLORING THE POTENTIAL OF SUSTAINABLE FINANCING MODELS FOR SCALING THE SAIL PROGRAM AT LORAIN COMMUNITY COLLEGE SORENSON IMPACT CENTER 85 FORT DOUGLAS BLVD 602 SALT LAKE CITY UT 84113 876000525 501(C)(3) 50504 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 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. X X X 0 0 0 0 0 0 0 0 0 TRACY PALANDJIAN PRESIDENT & CEO 200818 0 29000 0 0 0 6136 0 23717 0 259671 0 0 0 NAVJEET K BAL MANAGING DIRECTOR & GENERAL COUNSEL 186814 0 21000 0 0 0 5677 0 21790 0 235281 0 0 0 JEFFREY SHUMWAY MANAGING DIRECTOR OF ADVISORY 190910 0 23000 0 0 0 5755 0 21790 0 241455 0 0 0 JACOB SEGAL VICE PRESIDENT 137323 0 14000 0 0 0 4175 0 15292 0 170790 0 0 0 NIRAV SHAH VICE PRESIDENT 137391 0 10000 0 0 0 4194 0 21790 0 173375 0 0 0 JOANNA VANDEN VICE PRESIDENT OF OPERATIONS 127442 0 12000 0 0 0 3883 0 6762 0 150087 0 0 0 CASEY LITTLEFIELD VICE PRESIDENT 138154 0 12000 0 0 0 4189 0 7646 0 161989 0 0 0 MASSACHUSSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC BUSINESS RELATIONSHIP 80000 PROVIDE MANAGEMENT SERVICES TO MASSACHUSSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC 0 SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 LLC BUSINESS RELATIONSHIP 50000 PROVIDE MANAGEMENT SERVICES TO SOCIAL FINANCE NYS WORKFORCE REENTRY 2013 LLC 0 SOCIAL FINANCE VENTURA COUNTY PROJECT TO SUPPORT REENTRY LLC BUSINESS RELATIONSHIP 28690 PROVIDE MANAGEMENT SERVICES TO SOCIAL FINANCE VENTURA COUNTY PROJECT TO SUPPORT REENTRY LLC 0 SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC BUSINESS RELATIONSHIP 120000 PROVIDE MANAGEMENT SERVICES TO SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC 0 VETERANS COORDINATED APPROACHED TO RECOVERY AND EMPLOYMENT LLC BUSINESS RELATIONSHIP 150000 PROVIDE MANAGEMENT SERVICES TO VETERANS COORDINATED APPROACHED TO RECOVERY AND EMPLOYMENT, LLC 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM IS REVIEWED BY SENIOR MANAGEMENT THEN PROVIDED TO THE BOARD BEFORE FILING. 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 OFFICERS AND DIRECTORS 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. SF MA PATHWAYS 2016 LLC 10 MILK STREET 1010 BOSTON MA 02108 384021035 PURCHASE AND HOLD COMMON EQUITY INTERESTS IN MA LLC DE 0 900030 SOCIAL FINANCE INC SOCIAL FINANCE MA PATHWAYS II LLC 10 MILK STREET 1010 BOSTON MA 02108 320514076 PURCHASE AND HOLD CLASS A EQUITY INTERESTS IN MA LLC DE 65617 138694 SOCIAL FINANCE INC SOCIAL FINANCE VENTURA COUNTY PROJECT TO SUPPORT REENTRY LLC 10 MILK STREET 1010 BOSTON MA 02108 320508962 PROMOTE SUCCESSFUL REENTRY FOR INDIVIDUALS ON FORMAL PROBATION DE 136410 275316 SOCIAL FINANCE INC VETERANS COORDINATED APPROACHED TO RECOVERY AND EMPLOYMENT LLC 10 MILK STREET 1010 BOSTON MA 02108 611885310 SECURE EMPLOYMENT REHABILITATION AND SUPPORT SERVICES TO VETERANS DE 2600 979466 VETERANS CARE MANAGING MEMBER LLC VETERANS CARE MANAGING MEMBER LLC 10 MILK STREET 1010 BOSTON MA 02108 371895806 VETS MANAGER IS THE MANAGING MEMBER OF VETS CARE LLC DE 0 0 SOCIAL FINANCE INC PAYOR ALLIANCE FOR VETERANS EMPLOYMENT LLC 10 MILK STREET 1010 BOSTON MA 02108 352626192 COLLECT THE VETS CARE OUTCOME PAYMENTS RELATED TO THE VETS CARE PFS PROJECT. DE 0 0 SOCIAL FINANCE INC SOCIAL FINANCE CAREER IMPACT BOND GENERAL ASSEMBLY LLC 10 MILK STREET 1010 BOSTON MA 02108 834245427 PROVIDE INCOME SHARE AGREEMENT (ISA) FINANCING AND PROGRAMMATIC SUPPORTS DE 0 0 SOCIAL FINANCE INC SOCIAL FINANCE CAREER IMPACT BOND MANAGING MEMBER LLC 10 MILK STREET 1010 BOSTON MA 02108 834273633 MANAGE THE OPERATIONS OF SOCIAL FINANCE CAREER IMPACT BOND GENERAL ASSEMBLY DE 0 0 SOCIAL FINANCE INC SOCIAL FINANCE CT FAMILY STABILITY 2016 MANAGER INC 10 MILK STREET 1010 BOSTON MA 02108 364829457 PROMOTE FAMILY STABILITY AND REDUCE FOSTER CARE UTILIZATION FOR FAMILIES DE 501(C)(3) LINE 7 SOCIAL FINANCE INC 1 SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 LLC 10 MILK STREET 1010 BOSTON MA 02108 463851533 REDUCE RECIDIVISM AND INCREASE EMPLOYMENT OF THE FORMERLY INCARCERATED DE SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 MANAGER INC 0 0 MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC 10 MILK STREET 1010 BOSTON MA 02108 320500335 INCREASE EDUCATION AND EMPLOYMENT ATTAINMENT FOR ADULT RECENT IMMIGRANTS DE SOCIAL FINANCE INC 0 1 SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 MANAGER INC 10 MILK STREET 1010 BOSTON MA 02108 371742609 REDUCE RECIDIVISM AND INCREASE EMPLOYMENT OF THE FORMERLY INCARCERATED DE SOCIAL FINANCE INC C 1 SOCIAL FINANCE DC TEEN PREGNANCY PREVENTION & EDUCATION ATTAINMENT 2014 MGR 10 MILK STREET 1010 BOSTON MA 02108 371778826 PREVENT TEEN PREGNANCY AND INCREASE EDUCATIONAL ATTAINMENT DE SOCIAL FINANCE INC C 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC L 80000 FAIR MARKET VALUE