2022-11-02T09:31:49-07:00 2021-12-31 200268717 FUOCO GROUP LLP 200 PARKWAY DR S STE 302 HAUPPAUGE NY 11788 990 2021-01-01 205124665 SEACHANGE CAPITAL PARTNERS INC SEAC 8448697842 420 Lexington Ave 300 NEW YORK NY 10170 JOHN MACINTOSH PARTNER 2022-11-02 true JOHN MACINTOSH 999009999 Robert J Logan CPA P01394294 6313601700 3 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z 420 Lexington Ave 300 NEW YORK NY 10170 3346327 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. 12 10 7 10 0 4058011 2774689 612404 526447 5087 3255 5978 41936 4681480 3346327 487863 902768 0 1229762 1052225 0 33251 421175 302873 2138800 2257866 2542680 1088461 6311379 7639447 1177016 1392462 5134363 6246985 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 1956835 816319 526447 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 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 INTO IMPACT INVESTING WITH THE NEW YORK POOLED PRI FUND (NYPRI, 2014-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 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 FOUR PROGRAMS ARE DISTINCT LEGAL ENTITIES.IN 2011, SEACHANGE BEGAN PROVIDING CONSULTING SERVICES IN RESPONSE TO REQUESTS FROM NONPROFITS AND FUNDERS. SEACHANGE UNDERTAKES SELECT COUNSULTING ENGAGEMENTS, ALL OF WHICH ARE CONSISTENT WITH OUR MISSION. 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 2021, SEACHANGE MADE GRANTS TO SUPPORT 34 SUSTAINED COLLABORATION TRANSACTIONS ACROSS THE SEACHANGE-LODESTAR FUND (19), NYMAC (4), THE NONPROFIT REPOSITIONAL FUND (8), AND THE TRANSFORMATIONAL PARTNERSHIPS FUND (5), COMPARED TO 34 TOTAL GRANTS FUNDED IN 2020. SEACHANGE HAD A STAFF OF 7 FULL-TIME EMPLOYEES IN 2021 AND 10 IN 2020. 1956835 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 false false false false false true 21 0 false 7 false false false false false false false false 0 false false false false false false false X 12 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 JESSICA L CAVAGNERO PTR/Treasurer 40.00 0.00 X X 166750 0 17641 JOHN MACINTOSH MNG PARTNER 40.00 0.00 X X 150195 0 15923 Nadya Shmavonian Partner 32.00 0.00 144154 0 16354 TAJREENA TABASSOOM VICE PRESIDENT 40.00 0.00 127081 0 13461 GARY SYMAN Trustee 1.00 0.00 X 0 0 0 MARK E REED III Trustee 10.00 0.00 X 0 0 0 DOUGLAS SMITH Chairman 1.00 0.00 X 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 0 0 0 Tata Traor-Rogers CO-CHAIR 1.00 0.00 X X 0 0 0 MARGARET CROTTY Trustee 1.00 0.00 X 0 0 0 TAYLOR KUSHNER Trustee 1.00 0.00 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 588180 63379 4 false true false 0 2774689 2774689 Advisory Consulting 541900 262825 262825 Management Fees 541610 263622 263622 526447 3255 3255 0 0 0 0 0 0 0 CLOSING FEES 900099 1000 1000 RECOVERY OF UNCOLLECTIBLE PLED 900099 40936 40936 41936 3346327 568383 3255 902768 902768 0 0 0 461100 359657 87609 13834 0 436758 336258 87400 13100 79751 62205 15153 2393 9378 7314 1782 282 65238 50885 12395 1958 0 1051 831 220 28857 25105 3752 0 0 0 188777 164236 24541 0 11 11 10432 8093 2026 313 0 7289 5654 1416 219 6621 767 5803 51 0 0 0 0 4873 3781 946 146 4503 3493 875 135 MISCELLANEOUS 27339 21210 5309 820 PAYROLL SERVICE FEE 17891 17891 DUES AND SUBSCRIPTIONS 5154 4578 576 Printing and Publications 75 75 0 2257866 1956835 267780 33251 3421896 5051472 815244 791790 1032250 533842 0 0 0 22650 0 171747 134587 63066 58243 8544 4823 18530 19127 0 843168 1081156 0 0 6311379 7639447 48047 28041 678425 662500 450544 701921 1177016 1392462 X 1730251 2160267 3404112 4086718 5134363 6246985 6311379 7639447 1088461 24161 X X false true X true false X 1403855 1311570 1431604 4058011 2815625 11020665 0 0 1403855 1311570 1431604 4058011 2815625 11020665 253690 10766975 4680 13318 17762 5087 2452 43299 0 1115 420 1535 11065499 0.97300 0.92910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18884 17392 1492 44182 40851 3331 4823 1081156 Due to Contact Fund 170174 Due to New York Pooled PRI Fund, LLC 471746 funds held for lending 60000 Rounding 1 701921 X 3736169 24161 365681 389842 3346327 3346327 2623547 365681 365681 2257866 2257866 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 ACDS 4 FERN PL PLAINVIEW NY 11803 13580 0 BACK OFFICE CCI - FCNY SPINOUT 520 8TH AVE NEW YORK NY 10018 80000 0 OTHER CENTER OR YOUTH WELLNESS 3450 3RD ST SAN FRANCISCO CA 94124 25000 0 FACILITATE MERGER BETWEEN TWO ORGS CITY PARKS FOUNDATION 830 5TH AVE NEW YORK NY 10065 37500 0 BACK OFFICE CONNECTICUT CASA ASSOCIATION 100 PEARL ST HARTFORD CT 06103 10250 0 FACILITATE MERGER BETWEEN TWO ORGS HOME CARE COLLABORATION 388 BROADWAY 4TH FLOOR ALBANY NY 12207 40000 0 NETWORK I HAVE A DREAM FOUNDATION 322 8TH AVE SUITE 202 NEW YORK NY 10001 7800 0 FACILITATE MERGER BETWEEN TWO ORGS INT WOMENS HEALTH COALITION 333 SEVENTH AVE 6TH FLOOR NEW YORK NY 10001 35000 0 FACILITATE MERGER BETWEEN TWO ORGS NATIONAL CLEARINGHOUSE DBW 990 SPRING GARDEN ST STE 703 PHILADELPHIA PA 19123 17500 0 FACILITATE MERGER BETWEEN TWO ORGS NEXT DOOR 2545 N 29TH ST MILWAUKEE WI 53210 20000 0 FACILITATE MERGER BETWEEN TWO ORGS SECOND NATURE 186 ALEWIFE BROOK PKWY 1182 CAMBRIDGE MA 02138 8500 0 FACILITATE MERGER BETWEEN TWO ORGS TEEN SERVICES SONOMA 17440 SONOMA HWY SONOMA CA 95476 10000 0 FACILITATE MERGER BETWEEN TWO ORGS THEATRELAB 77 GLADES RD BOCA RATON FL 33431 8250 0 FACILITATE MERGER BETWEEN TWO ORGS UNITED COMMUNITY CENTERS 613 NEW LOTS AVE BROOKLYN NY 11207 15000 0 FACILITATE MERGER BETWEEN TWO ORGS VANTAGE GROUP 93 W PALLISADE AVE ENGLEWOOD NJ 07631 8125 0 FACILITATE MERGER BETWEEN TWO ORGS WALKING CLASSROOM INSTITUTE 1028 SE WATER AVE SUITE 215 PORTLAND OR 97214 12500 0 FACILITATE MERGER BETWEEN TWO ORGS WATER FOR PEOPLE 7100 E BELLEVIEW AVE STE 310 GREENWOOD CO 80111 45000 0 FACILITATE MERGER BETWEEN TWO ORGS WOMENS SPORTS FOUNDATION 247 WEST 30TH ST 5TH FLOOR NEW YORK NY 10001 16000 0 FACILITATE MERGER BETWEEN TWO ORGS 18 0 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 PTR/Treasurer 166750 17063 578 184391 JOHN MACINTOSH MNG PARTNER 150195 15375 548 166118 Nadya Shmavonian Partner 144154 15750 604 160508 Form 990, Part VI, Line 1a: Explanation of Delegated Broad Authority to Committee 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, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management 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, Line 19: Other Organization Documents Publicly Available 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 2: Change of Oversight or Selection Process OVERSIGHT OF THE AUDIT - THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.