2021-10-04T10:09:39-07:00 2020-12-31 200268717 FUOCO GROUP LLP 200 PARKWAY DRIVE SOUTH SUITE 302 HAUPPAUGE NY 11788 990 2020-01-01 205124665 SEACHANGE CAPITAL PARTNERS INC SEAC 8448697842 420 Lexington Ave 300 NEW YORK NY 10170 JOHN MACINTOSH PARTNER 2021-10-04 true JOHN MACINTOSH 999009999 Robert J Logan CPA P01394294 6313601700 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z X 420 Lexington Ave 300 NEW YORK NY 10170 4681480 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 10 10 0 1431604 4058011 501004 612404 17762 5087 1178 5978 1951548 4681480 390865 487863 0 1190447 1229762 0 39480 521997 421175 2103309 2138800 -151761 2542680 2925144 6311379 308863 1177016 2616281 5134363 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 1677386 487863 612404 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 2020, SEACHANGE MADE GRANTS TO SUPPORT 34 SUSTAINED COLLABORATION TRANSACTIONS ACROSS THE SEACHANGE-LODESTAR FUND (15), NYMAC (8), AND THE NONPROFIT REPOSITIONING FUND (11), COMPARED TO 25 TOTAL GRANTS FUNDED IN 2019. SEACHANGE HAD A STAFF OF TEN FULL-TIME EMPLOYEES IN 2020 AND NINE IN 2019. 1677386 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 7 0 false 10 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 JOHN MACINTOSH 8448697842 420 Lexington Ave NEW YORK NY 10170 Nadya Shmavonian Partner 32.00 0.00 166973 0 18604 JESSICA L CAVAGNERO PTR/Treasurer 40.00 0.00 X X 165428 0 17551 JOHN MACINTOSH MNG PARTNER 40.00 0.00 X X 142075 0 15069 TAJREENA TABASSOOM VICE PRESIDENT 40.00 0.00 130419 0 12935 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 Trustee 1.00 0.00 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 604895 64159 4 false true false Open Impact 2955 Campus Drive San Mateo CA 94403 CONSULTING 112500 1 4058011 4058011 Advisory Consulting 541900 170503 170503 Management Fees 541610 441901 441901 612404 5087 5087 0 0 0 0 0 0 0 Other 900099 5978 5978 5978 4681480 623469 487863 487863 0 0 0 474295 369951 90116 14228 0 583656 450089 116057 17510 84533 65936 16061 2536 11048 8617 2099 332 76230 59459 14484 2287 0 12968 11210 1758 26897 23400 3497 0 0 0 151067 131428 19639 0 167 167 8612 6682 1672 258 0 61140 47432 11874 1834 19275 2235 16892 148 0 0 0 0 5702 4424 1107 171 4476 3472 870 134 BAD DEBT 102197 102197 PAYROLL SERVICE FEE 22653 22653 DUES AND SUBSCRIPTIONS 4610 4094 516 MISCELLANEOUS 1411 1094 275 42 0 2138800 1677386 421934 39480 1421888 3421896 921703 815244 123750 1032250 0 0 0 0 0 120738 171747 61915 53371 11813 8544 19261 18530 0 305991 843168 0 0 2925144 6311379 20715 48047 26000 678425 262148 450544 308863 1177016 X 1713135 1730251 903146 3404112 2616281 5134363 2925144 6311379 2542680 -24598 X X false true X true false X 1335424 1403855 1311570 1431604 4058011 9540464 0 0 1335424 1403855 1311570 1431604 4058011 9540464 629748 8910716 939 4680 13318 17762 5087 41786 0 6405 1115 420 7940 9590190 0.92910 0.79530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17733 17298 435 44182 36073 8109 8544 843168 Due to Contact Fund 96936 Due to New York Pooled PRI Fund, LLC 153608 funds held for lending 200000 450544 X 4848385 -24598 191503 166905 4681480 4681480 2330303 191503 191503 2138800 2138800 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 Acenda Integrated Health 42 Delsea Drive South Glassboro NJ 08028 10000 0 Facilitate merger between two orgs BoardSource 750 9TH STREET NW WASHINGTON DC 20001 57000 0 Facilitate merger between two orgs Brooklyn Historical Society 128 Pierrepont St BROOKLYN NY 11201 20000 0 Facilitate merger between two orgs Center for resilient cities 501 E Badger Road MADISON WI 53713 10100 0 Facilitate merger between two orgs Child and Family Rhode Island 30 John Clarke Rd Middletown RI 02840 20000 0 Facilitate merger between two orgs CHILDHAVEN 316 BROADWAY SEATTLE WA 98122 13100 0 Facilitate establishment of network Coalition of Behavioral Healt 14 Penn Plaza 3rd Floor NEW YORK NY 10122 15000 0 facilitate merger between two orgs Diaspora Community Services 921 E New York Ave BROOKLYN NY 11203 10000 0 Facilitate merger between two orgs Education Plus Health 100 W Oxford St E-1100 Philadelphia PA 19122 19000 0 Facilitate merger between two orgs Family Service Rochester 4600 18th Avenue NW Rochester MN 55901 11250 0 Facilitate exploration of a network Goddard Riverside 593 Columbus Avenue Brooklyn NY 10024 19000 0 Facilitate merger between two orgs Hartley House 413 W 46th Street NEW YORK NY 10036 10000 0 Facilitate merger between two orgs Housing Vermont 100 BANK STREET SUITE 400 BURLINGTON VT 05401 26250 0 Facilitate merger between two orgs IndieSpace 23 48TH STREET QUEENS NY 11105 20000 0 Facilitate merger between two orgs Institute for Nonprofit Pract 89 South Street Suite LL01 BOSTON MA 02111 12500 0 Facilitate merger between two orgs MacPhail Center for music 501 S 2nd St Minneapolis MN 55401 25050 0 Facilitate merger between two orgs Peoples emergency center 325 N 39th St Philadelphia PA 19104 40000 0 Facilitate merger between two orgs Philadelphia Education Fund 718 ARCH STREET 700N PHILADELPHIA PA 19106 30000 0 Facilitate merger between two orgs SCO Family of Services 1 ALEXANDER PLACE GLEN COVE NY 11542 15000 0 Facilitate spinout of program THE NY Jewish Week 1140 AVENUE OF THE AMERICAS NEW YORK NY 10036 19000 0 Facilitate merger between two orgs Young Audiences of Oregon 1220 SW Morrison St 1000 Portland OR 97205 21850 0 Facilitate merger between two orgs 21 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 165428 17000 551 182979 JOHN MACINTOSH MNG PARTNER 142075 14521 548 157144 Nadya Shmavonian Partner 166973 18000 604 185577 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.