2013-07-29T11:59:30-05:00 2012-12-31 431985162 SMITH SULLIVAN & COMPANY PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2012-01-01 454230249 SOCIAL VENTURE PARTNERS BOSTON INC SOCI 6173123772 11 CONCORD STREET CHARLESTOWN MA 02129 MARJORIE RINGROSE 6173123772 2013-07-29 1 LINDA M SMITH CPA P00316105 5088717178 2013-07-18 2012 2016-02-24 21:20:13Z X SVP BOSTON MARJORIE RINGROSE 11 CONCORD STREET CHARLESTOWN MA 02129 283587 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. 6 6 2 50 0 0 283431 0 151 5 283587 59602 0 66795 0 15326 35293 161690 121897 153808 0 153808 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 80679 59602 0 GRANTMAKING: TO HELP ITS PORTFOLIO OF CAREFULLY SELECTED NON-PROFITS 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. FOR THE 2012 PERIOD REPORTED HERE, SVP BOSTON AWARDED $140,000 IN GENERAL OPERATING SUPPORT GRANTS TO FOUR NONPROFITS. THESE GRANTS WERE MADE THROUGH SVP BOSTON DIRECTLY AND THROUGH THE BOSTON FOUNDATION ON BEHALF OF SVP BOSTON. 22808 0 0 NONPROFIT CAPACITY BUILDING: 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 VOLUNTEER EXPERTISE SVP BOSTON BRINGS IS STRATEGIC BUSINESS COUNSEL, OFFERING GUIDANCE IN AREAS SUCH AS STRATEGIC PLANNING, GROWTH AND REPLICATION, HUMAN RESOURCES, MARKETING AND COMMUNICATIONS AND SUCH. IN 2012, SVP BOSTON ESTIMATES THAT ITS PARTNERS DONATED APPROXIMATELY 1,350 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 $202,500. THIS AMOUNT OF IN-KIND SERVICES IS NOT INCLUDED AS A PROGRAM EXPENSE IN THE NUMBERS REPORTED ON THIS FORM 990. 23345 0 0 PARTNER EDUCATION: IN ADDITION TO PROVIDING GRANTS AND VOLUNTEER EXPERTISE TO CAREFULLY SELECTED NONPROFITS, SVP BOSTON SEEKS TO DEVELOP EFFECTIVE PHILANTHROPY IN THE BOSTON AREA. IT DOES SO BY EDUCATING ITS PARTNERS TO BE INFORMED, EFFECTIVE, LIFE-LONG PHILANTHROPISTS. SVP BOSTON EDUCATES ITS PARTNERS ON ISSUES SUCH AS GRANTMAKING, SECTORAL ISSUES, NONPROFIT MANAGEMENT, AND SUCH THROUGH FORUMS, PANEL DISCUSSIONS, AND EVENTS. 126832 1 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 2 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 1 0 0 MA X MARJORIE RINGROSE EXECUTIVE DIRECTOR 6173123772 11 CONCORD STREET CHARLESTOWN MA 02129 STEFANIA MALLETT 1.00 X X 0 0 0 DAN ROSS 1.00 X X 0 0 0 PATRICIA HINCHEY 1.00 X X 0 0 0 CHARLENE HYLE 1.00 X 0 0 0 NATHAN SANDERS 1.00 X 0 0 0 SANDRA LIPSON 1.00 X 0 0 0 MARJORIE RINGROSE 50.00 X 60500 0 0 60500 0 0 0 0 0 0 0 283431 283431 151 151 MISCELLANEOUS INCOME 900099 5 5 5 283587 5 0 151 59602 59602 60500 39325 9075 12100 1142 172 970 5153 3352 772 1029 8037 3687 3895 455 3262 1048 1864 350 3988 2592 598 798 1993 1295 299 399 MEMBERSHIP DUES/FEES 8800 7920 880 EVENTS EXPENSE 6780 6585 195 PROFESSIONAL DEVELOPMEN 1213 998 215 MISCELLANEOUS 964 964 256 256 161690 126832 19532 15326 153808 0 153808 0 0 X 153808 0 153808 0 153808 X 121897 31911 X 1 X 0 0 0 X 283431 283431 283431 283431 12984 270447 151 151 5 5 283587 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: TAX POSITION: THE ORGANIZATION CURRENTLY EVALUATES ALL TAX POSITIONS, AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. THE PRIMARY TAX POSITIONS MADE BY THE ORGANIZATION ARE THE EXISTENCE OF UNRELATED BUSINESS INCOME TAX AND THE ORGANIZATION'S STATUS AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE PERIOD PRESENTED, THE ORGANIZATION HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. THE ORGANIZATION WAS GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE EFFECTIVE JANUARY 1, 2012. AS OF THE DATE OF THESE FINANCIAL STATEMENTS, THE ORGANIZATION HAS NOT FILED THEIR INITIAL TAX FILINGS; THEREFORE, THERE ARE NO OPEN PERIODS SUBJECT TO EXAMINATION BY TAX AUTHORITIES. 0 RAR-MA INC 9B HAMILTON PLACE 3RD FLOOR BOSTON MA 02108 800297898 501(C)(3) 39602 GENERAL OPERATING SUPPORT COMPASS WORKING CAPITAL INC 89 SOUTH STREET 203 BOSTON MA 02111 203975100 501(C)(3) 20000 GENERAL OPERATING SUPPORT 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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. IN 2012, SVP BOSTON GAVE A TOTAL OF $140,000 IN GRANTS. $80,398 WERE THROUGH THE BOSTON FOUNDATION ON SVP BOSTON'S BEHALF AND $59,602 WERE GRANTED DIRECTLY THROUGH SVP BOSTON. GRANTS WENT TO: $35,000 TO INNERCITY WEIGHTLIFTING $25,000 TO MATHPOWER $45,000 TO RAISING A READER MA $35,000 TO COMPASS WORKING CAPITAL 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 11 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 CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: OPENING BALANCE 100. TRANSFER OF FUNDS HELD BY FISCAL SPONSOR 31,811. SVP BOSTON RECEIVED ITS TAX EXEMPT STATUS ON APRIL 28, 2012. PRIOR TO THAT, SVP BOSTON OPERATED AS A DONOR ADVISED FUND AT THE BOSTON FOUNDATION WITH FISCAL SPONSORSHIP THROUGH THE PHILANTHROPIC INITIATIVE. THE ACTIVITY REPRESENTED HERE REFLECTS ACTIVITY CONDUCTED DIRECTLY THROUGH SVP BOSTON AND DOES NOT INCLUDE ACTIVITY CONDUCTED ON BEHALF OF SVP BOSTON THROUGH THE BOSTON FOUNDATION/THE PHILANTHROPIC INITIATIVE.