2023-09-28T06:29:30-07:00 2022-12-31 200268717 FUOCO GROUP LLP 200 PARKWAY DR S STE 302 HAUPPAUGE NY 11788 990 2022-01-01 205124665 SEACHANGE CAPITAL PARTNERS INC SEAC 8448697842 420 Lexington Ave 300 NEW YORK NY 10170 JOHN MACINTOSH MANAGING PARTNER 2023-09-28 true JOHN MACINTOSH 999009999 true Robert J Logan CPA P01394294 6313601700 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z 420 Lexington Ave 300 NEW YORK NY 10170 2543842 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. 11 10 9 8 0 2774689 2017874 526447 513917 3255 4061 41936 7990 3346327 2543842 902768 810459 0 1052225 1012602 0 31809 302873 406299 2257866 2229360 1088461 314482 7639447 9672602 1392462 3132320 6246985 6540282 SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONALCHALLENGES. 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 NONPROFITS THAT ALREADY HAVE ASERIOUS INTEREST IN COMING TOGETHEROR IN EXPLORING HOW THEY MIGHTBY COVERING APORTION OF THE COSTS OF EXPLORING OR COMPLETING THE TRANSACTION. WE MANAGE FOURGRANTMAKING PROGRAMSTHE SEACHANGE-LODESTAR FUND FOR NONPROFIT COLLABORATION, THE NEW YORK MERGER AND COLLABORATION FUND, THE GREATER PHILADELPHIA NONPROFIT REPOSITIONING FUND, AND THE TRANSFORMATIONAL PARTNERSHIPS FUND (WITH A FOCUS ON HIGHER EDUCATION) THAT PROVIDE FUNDING TO ENCOURAGE AND SUPPORT MERGERS, ACQUISITIONS, JOINT VENTURES, AND OTHER TYPES OF FORMAL, SUSTAINED COLLABORATIONS BETWEEN NONPROFITS. SEACHANGE IS A FOUNDIN false false 1897929 450000 513917 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), THE GREATER PHILADELPHIA NONPROFIT REPOSITIONING FUND (NONPROFIT REPOSITIONING FUND, 2018-PRESENT), AND THE TRANSFORMATIONAL PARTNERSHIPS FUND (2020-PRESENT); INTO CREDIT WITH THE CONTACT FUND (2013-PRESENT) AND THE SEACHANGE SPECIAL IMPACT FUND LLC (2020-PRESENT); AND INTO IMPACT INVESTING WITH THE NEW YORK POOLED PRI FUND (NYPRI, 2014-PRESENT)AND THE NEW YORK IMPACT OPPORTUNITIES FUND, LLC (2021-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, THE NONPROFIT REPOSITIONING FUND, AND THE TRANSFORMATIONAL PARTNERSHIPS 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 FIVE PROGRAMS ARE DISTINCT LEGAL ENTITIES.IN 2011, SEACHANGE BEGAN PROVIDING ANALYSIS AND ADVICE (I.E. CONSULTING) 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 2022, SEACHANGE MADE GRANTS TO SUPPORT 38 SUSTAINED COLLABORATION TRANSACTIONS ACROSS THE SEACHANGE-LODESTAR FUND (15), NYMAC (4), THE NONPROFIT REPOSITIONING FUND (7), AND THE TRANSFORMATIONAL PARTNERSHIPS FUND (12), COMPARED TO 36 TOTAL GRANTS FUNDED IN 2021. SEACHANGE HAD A STAFF OF 6 FULL-TIME EMPLOYEES IN 2022 AND 7 IN 2021. 1897929 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 true false false false false true 16 0 false 9 false false false false false false false false 0 false false false false false false false X 11 10 false false false false false false false true true false false true true true true true true true true false NY X X JOHN MACINTOSH 8448697842 420 Lexington Ave NEW YORK NY 10170 JOHN MACINTOSH MNG PARTNER 40.00 0.00 X X 187112 0 18852 TAJREENA TABASSOOM PARTNER 40.00 0.00 162370 0 15760 JESSICA L CAVAGNERO FMR Treasurer 40.00 0.00 X X 144465 0 14896 AARON SIEGEL Trustee 1.00 0.00 X 0 0 0 MARK E REED III Trustee 10.00 0.00 X 0 0 0 VALARIE GAY Trustee 1.00 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 X 0 0 0 Tata Traor-Rogers CO-CHAIR 1.00 0.00 X X 0 0 0 MARGARET CROTTY CO-CHAIR 1.00 0.00 X 0 0 0 TAYLOR KUSHNER Treasurer 1.00 0.00 X X 0 0 0 FRANK LIU Trustee 1.00 0.00 X 0 0 0 SISTER PAULETTE LOMONACO Trustee 1.00 0.00 X 0 0 0 493947 49508 3 false true false 0 2017874 2017874 Advisory Consulting 541900 76490 76490 Management Fees 541610 437427 437427 513917 4061 4061 0 0 0 0 0 0 0 LOAN INTEREST 900099 7990 7990 7990 2543842 521907 4061 810459 810459 0 0 0 493946 385279 93849 14818 0 376457 289982 75181 11294 71063 55429 13502 2132 5656 4089 1397 170 65480 50800 12716 1964 0 2883 2382 501 79221 68922 10299 0 0 0 218061 189726 28335 0 2591 2591 6626 5140 1287 199 0 12456 9662 2420 374 38221 4430 33498 293 0 0 0 0 4441 3446 862 133 10131 7860 1967 304 PAYROLL SERVICE FEE 18768 18768 DUES AND SUBSCRIPTIONS 7898 7015 883 MISCELLANEOUS 4265 3308 829 128 Printing and Publications 737 737 0 2229360 1897929 299622 31809 5051472 7674984 791790 203146 533842 323252 0 0 0 22650 66000 0 134587 246982 65238 62686 4823 2552 19127 0 0 1081156 1155685 0 1 7639447 9672602 28041 14195 662500 650000 701921 2468125 1392462 3132320 X 2160267 2245634 4086718 4294648 6246985 6540282 7639447 9672602 314482 -21185 X X false true X true false X 1311570 1431604 4058011 2815625 2017874 11634684 0 0 1311570 1431604 4058011 2815625 2017874 11634684 291285 11343399 13318 17762 5087 2452 12051 50670 0 420 420 11685774 0.97070 0.97300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21056 18179 2877 44182 44507 -325 2552 1155685 Due to Contact Fund 1063006 Due to New York Pooled PRI Fund, LLC 1196598 funds held for lending 208521 2468125 X 2654341 -21185 131684 110499 2543842 2543842 2361044 131684 131684 2229360 2229360 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 ACTION FOR HEALTHY KIDS 600 W VAN BUREN ST STE 720 CHICAGO IL 60607 10000 0 FACILITATE MERGER BETWEEN TWO ORGS. AIHS - RESTRUCTURING 991 5TH AVE NEW YORK NY 10028 296450 0 OTHER AMERICAN IMMIGRATION COUNCIL 1331 G ST NW SUITE 200 WASHINGTON DC 20005 25000 0 FACILITATE MERGER BETWEEN TWO ORGS. CCI - FCNY SPINOUT 520 8TH AVE NEW YORK NY 10018 80000 0 SPIN-OUT CFS 3480 S HIGUERA ST STE 100 SAN LUIS OBISPO CA 93401 12500 0 FACILITATE MERGER BETWEEN TWO ORGS. CLEE 40 1/2 RICE ST PROVIDENCE RI 02907 24750 0 FACILITATE MERGER BETWEEN TWO ORGS. COMMONPOINT QUEENS 67-09 108TH STREET FOREST HILLS NY 11375 76000 0 FACILITATE MERGER BETWEEN TWO ORGS. EMCARTS PO BOX 20011 WINSTON SALEM NC 27120 17500 0 OTHER HABITAT FOR HUMANITY 1478 NE KILLINGSWORTH ST PORTLAND OR 97211 10000 0 FACILITATE MERGER BETWEEN TWO ORGS. HEBREW TABERNACLE 551 FORT WASHINGTON AVE NEW YORK NY 10033 20000 0 OTHER JVS HUMAN SERVICES 29699 SOUTHFIELD RD SOUTHFIELD MI 48076 18500 0 FACILITATE MERGER BETWEEN TWO ORGS. MACDONELL CHILDREN SERVICES 8326 MAIN STREET HOUMA LA 70363 23500 0 FACILITATE MERGER BETWEEN TWO ORGS. NCADV PO BOX 90429 AUSTIN TX 78709 20000 0 FACILITATE MERGER BETWEEN TWO ORGS. NCDBW 540 FAIRVIEW AVE N STE 208 STPAUL MN 55104 17500 0 FACILITATE MERGER BETWEEN TWO ORGS. NCK TECH - NWKTC - FORT HAYS 3033 US-24 BELOIT KS 67420 51137 0 OTHER PAFA - DREXEL GRANT 3141 CHESNUT ST PHILADELPHIA PA 19104 50000 0 OTHER THE NEW JEWISH HOME 120 WEST 106TH STREET NEW YORK NY 10025 20000 0 OTHER THE WALKING CLASSROOM 3626 SHANNON RD STE 101 DURHAM NC 27707 12500 0 FACILITATE MERGER BETWEEN TWO ORGS. TIFFIN-MERCY 31 SOUTH WASHINGTON ST TIFFIN OH 44883 30000 0 OTHER Trocaire College - Medaille U 360 CHOATE AVE BUFFALO NY 14220 100000 0 OTHER URBAN COLLEGE - SNHU 2 BOYLSTON ST 2 BOSTON MA 02116 100000 0 OTHER WILBERFORCE - CENTRAL STATE U 1400 BRUSH ROW RD WILBERFORCE OH 45384 100000 0 OTHER WILBERFORCE-DEL STATE-TUSKGEE 1055 N BICKETT RD WILBERFORCE OH 45384 25000 0 OTHER WILEY COLLEGE 711 WILEY AVE MARSHALL TX 75670 25000 0 OTHER WINGS FOR SUCCESS PO BOX 1346 EXTON PA 19341 25000 0 FACILITATE MERGER BETWEEN TWO ORGS. YOGA 4 THE WORLD 500 W CHELTEN AVE 305 PHILADELPHIA PA 19144 10000 0 FACILITATE MERGER BETWEEN TWO ORGS. 1 25 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 SURVEY. X X X false false false false false false false false false JESSICA L CAVAGNERO FMR Treasurer 144465 14128 768 159361 JOHN MACINTOSH MNG PARTNER 187112 18250 602 205964 TAJREENA TABASSOOM PARTNER 162370 15271 489 178130 Form 990, Part VI, Section A, Line 1a THE BOARD OF DIRECTORS CONSISTS OF THE CHAIR AND 11 OTHER VOTING MEMBERS. THE TREASURER POSITION IS HELD BY A SEACHANGE PARTNER AND VOTING MEMBER. THE SECRETARY POSITION IS HELD BY A NON-VOTING SEACHANGE STAFF MEMBER. Form 990, Part VI, Section B, Line 11b KEY PERSONNEL COMPLETED THE COLLECTION OF DATA ON GOVERNANCE, AUDITED FINANCIALS,AND PROGRAM INFORMATION BEFORE SUBMITTING TO THE OFFICERS FOR REVIEW. THE OFFICERSMET WITH THE AUDITOR TO DISCUSS KEY ISSUES. THE CHAIR OF THE AUDIT COMMITTEEREVIEWED THE COMPLETED FINANCIALS WITH THE AUDITOR AND MET WITH THE OFFICERS TODISCUSS KEY ISSUES.AN ELECTRONIC COPY OF THE 990 WAS SENT TO EACH MEMBER OF THE BOARD. BEFORE IT WASFILED, EACH DIRECTOR, IN PARTICULAR THE CHAIRMAN OF THE BOARD AND THE CHAIR OF THEAUDIT COMMITTEE, AND EACH PARTNER WAS ASKED TO REVIEW THE 990 AND EITHER REQUESTCLARIFICATION OR CORRECTION OR APPROVE ITS FILING. AFTER THE 990 WAS FILED, AT THENEXT BOARD MEETING THE 990 WAS ON THE BOARD'S AGENDA FOR DISCUSSION. Form 990, Part VI, Section B, Line 12c SEACHANGE MAINTAINS A CONFLICT OF INTEREST POLICY THAT APPLIES TO DECISIONS MADE AT BOTH THE PROGRAM AND ORGANIZATIONAL LEVELS. THESE INCLUDE MAKING A GRANT OR LOAN TO AN ORGANIZATION WITH WHICH A BOARD OR STAFF MEMBER HAS EITHER A CONFLICTING RELATIONSHIP OR WHAT COULD BE SEEN AS A CONFLICTING RELATIONSHIP, AS WELL AS ENGAGING VENDORS WITH WHOM A SIMILAR RELATIONSHIP EXISTS. THE POLICY REQUIRES ANNUAL DISCLOSURE AND SIGNATURE FROM EVERY BOARD AND STAFF MEMBER, AND WHEN A CONFLICT DOES EXIST RECUSAL IS REQUIRED. SEACHANGE ALSO MAINTAINS A WHISTLEBLOWER POLICY THAT DESIGNATES THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD AS COMPLIANCE OFFICER. THIS POLICY IS DISTRIBUTED ANNUALLY IN CONJUNCTION WITH THE CONFLICT OF INTEREST DISCLOSURE. Form 990, Part VI, Section B, Line 15a THE COMPENSATION FOR THE MANAGING PARTNER IS ESTABLISHED BY THE BOARD. THE COMPENSATION FOR ALL OTHER EMPLOYEES IS ESTABLISHED BY THE MANAGING PARTNER IN CONSULTATION WITH THE OTHER TWO PARTNERS, WITH APPROVAL FROM THE CHAIR(S) OF THE BOARD. ALL SALARIES AND BENEFITS ARE BASED ON BENCHMARKING ABOUT COMPENSATION FOR COMPARABLE POSITIONS IN THE NONPROFIT SECTOR. Form 990, Part VI, Section C, Line 19 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 2c OVERSIGHT OF THE AUDIT - THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE SPECIAL IMPACT FUND LLC 420 LEXINGTON AVENUE NEW YORK NY 10170 NY 10947 N/A false false false false false false false false false false false false false false false false false false false