2017-02-14T14:51:49-06:00 2016-06-30 043077056 MOODY FAMIGLIETTI & ANDRONICO LLP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2015-07-01 474425987 COLLEGE FOR SOCIAL INNOVATION INC COLL 6179100071 89 SOUTH STREET NO 407 BOSTON MA 02111 ERIC SCHWARZ CHIEF EXECUTIVE OFFICER 6179100071 2017-02-14 1 MATTHEW KALIL CPA MBA P01517069 9785575300 2015 2021-01-29 14:40:06Z X X ERIC SCHWARZ 89 SOUTH STREET NO 407 BOSTON MA 02111 1262243 0 X COLLEGEFORSOCIALINNOVATION.ORG X 2015 MA TO EDUCATE AND INSPIRE THE NEXT GENERATION OF PROBLEM SOLVERS. 3 2 5 40 0 0 1262231 0 12 0 1262243 0 0 578418 0 101515 63748 642166 620077 681359 61282 620077 X TO EDUCATE AND INSPIRE THE NEXT GENERATION OF PROBLEM SOLVERS. 0 0 440125 COLLEGE FOR SOCIAL INNOVATION (CFSI) IS A NEW COLLEGE PARTNERSHIP MODEL WITH A MISSION OF EDUCATING AND INSPIRING THE NEXT GENERATION OF PROBLEM SOLVERS. OUR MODEL PROVIDES OPPORTUNITIES FOR DIVERSE COHORTS OF COLLEGE STUDENTS TO EARN A SEMESTER OF CREDIT FOR WELL-SUPPORTED FELLOWSHIPS IN NON-PROFITS, THE PUBLIC SECTOR, AND SOCIAL MISSION BUSINESSES. STUDENTS LEARN THROUGH ACTIVE MENTORING, JOB-RELATED ASSIGNMENTS, AND RELATED SEMINARS AND REFLECTION ACTIVITIES, ALL OF WHICH WILL HELP THEM BUILD CAREER-BASED COMPETENCIES, SOCIAL AND EMOTIONAL SKILLS, AND A NETWORK. STUDENTS SERVE FOUR DAYS A WEEK WITH HOST ORGANIZATIONS, WORKING UNDER A DEDICATED MENTOR, AND WILL ALSO PARTICIPATE IN A FOUNDATION COURSE OFFERED ONE EVENING, THE SOCIAL INNOVATOR'S TOOL BOX, AND ENGAGE IN SEMINARS, REFLECTION SESSIONS, AND WORKSHOPS ON FRIDAYS. PARTICIPATING STUDENTS WILL EARN A FULL 16 CREDITS FROM THEIR HOME COLLEGE WITH NO ADDITIONAL TUITION OR FEES. HOST ORGANIZATIONS WILL BE ABLE TO INVEST IN FUTURE TALENT THROUGH THE OPPORTUNITY TO MENTOR AND DEVELOP A STUDENT FELLOW. WE HOPE TO CREATE A TALENT PIPELINE FOR A DIVERSE AND TALENTED GROUP OF COLLEGE STUDENTS TO ENTER THE SOCIAL SECTOR. THIS YEAR, WE HAVE LAID A FOUNDATION FOR, AND PILOTED, OUR FIRST SEMESTER IN THE CITY PROGRAM. WE SPENT THE YEAR ESTABLISHING RELATIONSHIPS WITH TWO FOUNDING UNIVERSITY PARTNERS, UNIVERSITY OF NEW HAMPSHIRE AND CLARK UNIVERSITY IN WORCESTER, MA, AND RECRUITING OVER 30 SOCIAL SECTOR ORGANIZATIONS. WE RESEARCHED AND DEVELOPED THE BEST CURRICULUM FOR OUR WEDNESDAY AND FRIDAY COURSES, ACQUIRED AND FURNISHED 10 APARTMENTS TO PROVIDE ACCESSIBLE HOUSING TO OUR FELLOWS, AND BUILT OUT OUR STAFF TO 9 FULL-TIME EMPLOYEES. OUR FIRST COHORT OF SOCIAL INNOVATION FELLOWS CONSISTS OF 14 UNDERGRADUATE STUDENTS, RANGING FROM SOPHOMORES TO SENIORS. OVER 60% OF OUR FELLOWS ARE LOW INCOME, FIRST GENERATION STUDENTS AND/OR STUDENTS OF COLOR. EACH OF OUR FELLOWS SERVES AT A SOCIAL SECTOR ORGANIZATION IN GREATER BOSTON. SOME OF THESE ORGANIZATIONS INCLUDE CITIZEN SCHOOLS, GREEN CITY GROWERS, THE CITY OF BOSTON DEPARTMENT OF INNOVATION AND TECHNOLOGY, AND FREEDOM HOUSE. BOTH OUR FELLOWS AND OUR HOST ORGANIZATIONS FOUND THE FIRST SEMESTER TO BE BENEFICIAL; ALL OF OUR HOST ORGANIZATIONS REAPPLIED TO HOST A FELLOW FOR THE SPRING SEMESTER AND MORE THAN 10 NEW ORGANIZATIONS APPLIED. EACH OF OUR FELLOWS WILL END THEIR SEMESTER WITH A TED-TALK STYLE PRESENTATION ABOUT THEIR EXPERIENCE WHICH WILL BECOME A KEY PART OF THEIR DIGITAL PORTFOLIO. WE ALSO RECRUITED AND ENROLLED STUDENTS FOR OUR SPRING COHORT, TO BEGIN IN JANUARY 2017. WE ANTICIPATE FORMALIZING PARTNERSHIPS WITH AT LEAST TWO OTHER UNIVERSITIES IN THE SPRING AS WELL AS EXPANDING OUR COHORT IN FUTURE SEMESTERS. 440125 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 0 0 0 0 0 1 2 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 1 0 MA X THE ORGANIZATION 6179100071 89 SOUTH STREET NO 407 BOSTON MA 02111 ERIC SCHWARZ CEO / PRESIDENT 40.00 X X 112500 0 3904 TOM CRAIG TREASURER 5.00 X X 0 0 0 TULAINE MONTGOMERY DIRECTOR 5.00 X 0 0 0 CAROLYN RILEY CLERK 5.00 X 0 0 0 LISA JACKSON MANAGING DIRECTOR 40.00 X 31602 0 0 144102 0 3904 1 0 0 0 0 1262231 1262231 12 12 1262243 0 0 12 371910 271998 37191 62721 122265 86966 30011 5288 45614 31753 8570 5291 38629 26913 6761 4955 10409 4856 5553 18089 3767 14322 12573 851 11099 623 22213 12848 1050 8315 291 291 MISCELLANEOUS 173 173 642166 440125 100526 101515 6471 126108 451224 87913 9934 291 0 9643 0 681359 59182 2100 0 61282 X 94077 526000 0 620077 0 681359 620077 0 X 0 1 X 1 0 X 1262231 1262231 1262231 1262231 25184 25184 907949 907949 933133 933133 329098 12 12 12 12 1262243 1262243 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9934 291 9643 9643 X 1300016 37773 37773 1262243 0 1262243 679939 37773 37773 642166 0 642166 PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. THE ORGANIZATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. AS OF JUNE 30, 2016, MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENT OF ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FULL 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ONCE EACH CALENDAR YEAR, EMPLOYEES, BOARD MEMBERS AND ANYONE WITH FIDUCIARY DUTIES WITHIN THE ORGANIZATION THAT CAN INFLUENCE ACTIONS OF THE COLLEGE FOR SOCIAL INNOVATION (CFSI) MUST DISCLOSE POTENTIAL CONFLICT THAT MIGHT ARISE BETWEEN CFSI AND ANY POTENTIAL AREAS. FORM 990, PART VI, SECTION B, LINE 15 FOUNDING CEO ERIC SCHWARZ AND THE TWO OTHER FOUNDING MEMBERS OF THE BOARD PUT SOME CAREFUL THOUGHT INTO STARTING COMPENSATION FOR SCHWARZ, AN ACCOMPLISHED SOCIAL ENTREPRENEUR WITH APPROXIMATELY 30 YEARS OF RELEVANT EXPERIENCE. TAKEN INTO ACCOUNT WERE SEVERAL FACTORS, INCLUDING: -SCHWARZ'S PAST EXPERIENCE AND COMPENSATION AS A SOCIAL SECTOR LEADER -SCHWARZ'S LEADERSHIP AS A FULL-TIME UNCOMPENSATED VOLUNTEER FOR NINE MONTHS (LATE 2014 TO AUGUST 2015) DEVELOPING THE COLLEGE FOR SOCIAL INNOVATION IDEA AND BUSINESS PLAN -INFORMAL BENCHMARKS OF OTHER SOCIAL ENTREPRENEURS WITH TWO TO THREE DECADES OF RELEVANT EXECUTIVE EXPERIENCE STARTING NEW SOCIAL SECTOR ORGANIZATIONS -INFORMAL BENCHMARKING OF CEO COMPENSATION FOR NEW ENTREPRENEURIAL VENTURES IN THE HIGHER EDUCATION WORLD BASED ON THIS INFORMAL BENCHMARKING AND SCHWARZ'S PAST COMPENSATION AND EXPERIENCE, SCHWARZ PROPOSED A SALARY THAT WAS A 10% REDUCTION FROM HIS COMPENSATION AT CITIZEN SCHOOLS AND COMMITTED TO TAKE NO COLA OR MERIT RAISE FOR AT LEAST TWO YEARS AS THE ORGANIZATION SCALED FROM START-UP TO AN ANTICIPATED BUDGET OF APPROXIMATELY $3 MILLION IN FY18, THE ORGANIZATION'S THIRD YEAR OF OPERATIONS. OUTSIDE BOARD MEMBERS TOM CRAIG AND TULAINE MONTGOMERY DISCUSSED THE SALARY AND APPROVED IT AS PART OF APPROVING THE ORGANIZATION'S FY16 BUDGET. PRIOR TO ANY FUTURE CHANGES TO THE COMPENSATION, COLLEGE FOR SOCIAL INNOVATION PLANS TO CREATE A FORMAL FINANCE AND BUDGET COMMITTEE CHARGED WITH, AMONG OTHER THINGS, REVIEWING AND APPROVING EXECUTIVE COMPENSATION, BASED ON PERFORMANCE AND INDUSTRY NORMS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.