2018-07-02T09:51:36-05:00 2017-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2017-01-01 454230249 SOCIAL VENTURE PARTNERS BOSTON INC SOCI 6172216163 71 COMMERCIAL STREET NO 139 BOSTON MA 02109 DARCY BROWNELL EXECUTIVE DIRECTOR 6172216163 2018-06-21 1 SANDRA M BROWN CPA P01614103 5088717178 2018-06-21 2017 2022-09-23 18:48:47Z X SVP BOSTON DARCY BROWNELL 71 COMMERCIAL STREET NO 139 BOSTON MA 02109 449206 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. 7 7 3 84 0 0 337545 449202 0 0 5 4 0 0 337550 449206 75500 162500 0 0 188698 261376 0 0 57525 86942 84427 351140 508303 -13590 -59097 171508 116259 6324 10172 165184 106087 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 162500 162500 GRANTMAKING: TO HELP ITS PORTFOLIO OF CAREFULLY SELECTED NONPROFITS BUILD THEIR CAPACITY TO DELIVER MEANINGFUL SOCIAL IMPACT, SVP PROVIDES VOLUNTEER EXPERTISE ALONGSIDE GENERAL OPERATING SUPPORT GRANTS. THE GRANTS ARE TYPICALLY USED BY THESE NONPROFITS TO MAKE INVESTMENTS IN STAFF, PROCESSES, OR SYSTEMS THAT WILL CONTRIBUTE TO THE NONPROFITS' LONG-TERM SUSTAINABILITY OR GROWTH. 201490 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, 2017, SVP BOSTON ESTIMATES THAT ITS PARTNERS DONATED APPROXIMATELY 3,192 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 $478,800. THIS AMOUNT OF IN-KIND SERVICES IS NOT INCLUDED AS A PROGRAM EXPENSE IN THE NUMBERS REPORTED ON THIS FORM 990. 50373 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. 414363 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 3 0 3 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 0 MA X NANCY PARR 4132197791 71 COMMERCIAL STREET NO 139 BOSTON MA 02109 DAVID FERREIRA PRESIDENT 1.00 X X 0 0 0 KATHY SPIEGELMAN TREASURER 1.00 X X 0 0 0 JEFFREY KUSHNER DIRECTOR 1.00 X 0 0 0 MARVA SEROTKIN DIRECTOR 1.00 X 0 0 0 JENNIFER GILBERT DIRECTOR 1.00 X 0 0 0 LAURA HOCKETT DIRECTOR 1.00 X 0 0 0 TIM SMITH FORMER DIRECTOR 1.00 X 0 0 0 DANIEL ROSS FORMER DIRECTOR 1.00 X 0 0 0 DON HAWLEY FORMER DIRECTOR 1.00 X 0 0 0 LARRY WALLACH SECRETARY 1.00 X X 0 0 0 DARCY BROWNELL EXECUTIVE DIRECTOR 40.00 X 105000 0 0 105000 0 0 1 0 0 0 0 376302 72900 449202 4 4 449206 0 0 4 162500 162500 105000 42000 10500 52500 132500 132500 4557 4557 19319 14270 841 4208 20444 20444 35234 35234 3273 1018 1952 303 1029 64 935 30 2191 1610 97 484 MEMBERSHIP DUES/FEES 11250 11145 105 EVENTS EXPENSE 9740 9197 543 MISCELLANEOUS 1136 138 998 PROFESSIONAL DEVELOPMEN 130 130 508303 414363 36415 57525 X 168136 110360 2290 5290 1082 609 171508 116259 6324 10172 6324 10172 X 127682 103819 37502 2268 165184 106087 171508 116259 -59097 0 X 1 X 0 0 0 X 426064 428475 489280 337545 449202 2130566 426064 428475 489280 337545 449202 2130566 2130566 119 47 20 5 4 195 2130761 0.99990 0.99960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 FAMILIES FIRST PARENTING 9 GALEN STREET SUITE 400 WATERTOWN MA 02472 043413397 501(C)(3) 33500 FMV N/A GENERAL OPERATING SUPPORT UNION CAPITAL BOSTON 3353 WASHINGTON STREET 2ND FL JAMAICA PLAIN MA 02130 471136081 501(C)(3) 12500 FMV N/A GENERAL OPERATING SUPPORT THE BOTTOM LINE INC 500 AMORY STREET SUITE 3 JAMAICA PLAIN MA 02130 043351427 501(C)(3) 17000 FMV N/A GENERAL OPERATING SUPPORT SILVER LINING MENTORING 727 ATLANTIC AVENUE 3RD FLOOR BOSTON MA 02111 043575764 501(C)(3) 17000 FMV N/A GENERAL OPERATING SUPPORT MY LIFE MY CHOICE 989 COMMONWEALTH AVENUE BOSTON MA 02215 042526357 501(C)(3) 33000 FMV N/A GENERAL OPERATING SUPPORT TRINITY BOSTON FOUNDATION 206 CLARENDON STREET BOSTON MA 02116 042736718 501(C)(3) 33000 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 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 AND FULL PARTNERSHIP, 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 7B MEMBERS VOTE ON THE ANNUAL BUDGET AND ON THE BOARD MEMBERSHIP FORM 990, PART VI, SECTION A, LINE 8B N/A FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO ITS FILING. THE FORM 990 IS THEN AUTHORIZED AND SIGNED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C 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, WHICH ARE ACCESSIBLE BY ALL SVP PARTNERS. BOARD MEMBERS AND OFFICERS OF THE CORPORATION RECEIVE NO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, SECTION B, AMENDED RETURN EXPLANATION FORM 990 AMENDED TO CORRECT UNRESTRICTED AND TEMPORARILY RESTRICTED NET ASSET BALANCES AS OF DECEMBER 31, 2017. TOTAL NET ASSETS HAS NOT CHANGED.