SOCIAL FINANCE INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- SOCIAL FINANCE INC (EIN 27-4620963)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-10-24
- IRS object ID
- 201912979349300446
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-10-24T15:07:09-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 133842744 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MBAF CPAS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 440 PARK AVE SOUTH | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10016 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 274620963 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOCIAL FINANCE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOCI | BusinessNameControlTxt |
| Phone | 6179399900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 MILK STREET NO 1010 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02108 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TRACY PALANDJIAN | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 6179399900 | PhoneNum |
| Signature | 2019-10-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARC TAUB | PreparerPersonNm |
| PTIN | P00236664 | PTIN |
| Phone | 2125761400 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 139.194.23.100 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-10-18 | IPDt |
| IP Tm | 09:53:16 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 913AEF01DEF8EC71BF512CB8341D47D4D1ABF31F | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 9D77D5089F6CFDFA10E33FA204CA8B8BB51CC565 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-01-14 16:20:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | TRACY PALANDJIAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 MILK STREET NO 1010 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02108 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $13,964,882 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SOCIALFINANCE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2011 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | SOCIAL FINANCE IS DEDICATED TO MOBILIZING CAPITAL TO DRIVE SOCIAL PROGRESS. WE BRING TOGETHER UNCOMMON PARTNERS-GOVERNMENTS, INVESTORS, AND SERVICE PROVIDERS-AROUND A COMMON PURPOSE: TO MEASURABLY IMPROVE THE LIVES OF THOSE MOST IN NEED. CORE TO OUR WORK IS A SET OF INNOVATIVE PAY FOR SUCCESS STRATEGIES AND FINANCIAL INSTRUMENTS THAT DRIVE PUBLIC AND PRIVATE RESOURCES TOWARD PROGRAMS WITH DEMONSTRATED TRACK RECORDS OF ACHIEVING SOCIAL OUTCOMES. IN ADDITION, WE ARE COMMITTED TO MARKET EDUCATION EFFORTS THAT BUILD THE PAY FOR SUCCESS FIELD AND DISSEMINATE OUR LEARNINGS AS PRACTITIONERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 74 | TotalEmployeeCnt |
| Total Volunteers | 9 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,114,874 | PYContributionsGrantsAmt |
| CY Contributions Grants | $11,479,906 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,174,063 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,346,115 | CYProgramServiceRevenueAmt |
| PY Investment Income | $34,387 | PYInvestmentIncomeAmt |
| CY Investment Income | $137,961 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $900 | CYOtherRevenueAmt |
| PY Total Revenue | $9,323,324 | PYTotalRevenueAmt |
| CY Total Revenue | $13,964,882 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,834,112 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $729,853 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,670,440 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,463,432 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $200,018 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,436,607 | PYOtherExpensesAmt |
| CY Other Expenses | $3,884,405 | CYOtherExpensesAmt |
| PY Total Expenses | $7,941,159 | PYTotalExpensesAmt |
| CY Total Expenses | $10,077,690 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,382,165 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,887,192 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $9,242,359 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,683,196 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,456,689 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,010,334 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $7,785,670 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $11,672,862 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SOCIAL FINANCE IS DEDICATED TO MOBILIZING CAPITAL TO DRIVE SOCIAL PROGRESS. WE BRING TOGETHER UNCOMMON PARTNERS-GOVERNMENTS, INVESTORS, AND SERVICE PROVIDERS-AROUND A COMMON PURPOSE: TO MEASURABLY IMPROVE THE LIVES OF THOSE MOST IN NEED. CORE TO OUR WORK IS A SET OF INNOVATIVE PAY FOR SUCCESS STRATEGIES AND FINANCIAL INSTRUMENTS THAT DRIVE PUBLIC AND PRIVATE RESOURCES TOWARD PROGRAMS WITH DEMONSTRATED TRACK RECORDS OF ACHIEVING SOCIAL OUTCOMES. IN ADDITION, WE ARE COMMITTED TO MARKET EDUCATION EFFORTS THAT BUILD THE PAY FOR SUCCESS FIELD AND DISSEMINATE OUR LEARNINGS AS PRACTITIONERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $5,603,277 | ExpenseAmt |
| Grant | $664,581 | GrantAmt |
| Revenue | $876,735 | RevenueAmt |
| Desc | SOCIAL INVESTMENT - SOCIAL FINANCE DESIGNS, FUNDS, LAUNCHES AND MANAGES PAY FOR SUCCESS (PFS) FINANCING STRATEGIES THAT MOBILIZE PUBLIC AND PRIVATE CAPITAL TO IMPROVE SOCIAL OUTCOMES FOR PEOPLE IN NEED. WE PARTNER WITH GOVERNMENTS, SERVICE PROVIDERS, AND INVESTORS TO DESIGN PROGRAMS, PERFORM DATA ANALYSIS AND EVALUATION, CONDUCT ECONOMIC STUDIES, EXECUTE PFS CONTRACTS, AND ACTIVELY MANAGE FOR PERFORMANCE. TWO OF OUR CORE PFS FINANCING STRATEGIES ARE THE SOCIAL IMPACT BOND AND CAREER IMPACT BOND.SOCIAL IMPACT BONDS (SIBS) AIM TO IMPROVE SOCIAL OUTCOMES BY DRIVING GREATER EFFECTIVENESS OF GOVERNMENT SPENDING. WE RAISE PRIVATE IMPACT INVESTMENT CAPITAL TO SCALE SERVICES DELIVERED BY HIGH PERFORMING NONPROFIT ORGANIZATIONS. INVESTORS ARE REPAID VIA A PERFORMANCE BASED CONTRACT WITH GOVERNMENT IF AND WHEN THE PROJECT ACHIEVES THE PRE-DEFINED SOCIAL OUTCOMES. WE PLAY AN ONGOING, ACTIVE PERFORMANCE MANAGEMENT ROLE FOR EACH FINANCING TO SUPPORT THE ACHIEVEMENT OF PROJECT OUTCOMES. IN 2018, SOCIAL FINANCE LAUNCHED THE $5.1M "VETERANS CARE" SIB IN NEW YORK CITY, BOSTON, AND THE COMMONWEALTH OF MASSACHUSETTS TO SUPPORT UNEMPLOYED OR UNDEREMPLOYED VETERANS WITH POST-TRAUMATIC STRESS DISORDER IN ATTAINING COMPETITIVE EMPLOYMENT. IN ADDITION, SOCIAL FINANCE WAS ADVISOR TO A $0.5M SIB LAUNCHED IN DELAWARE. THESE TWO SIBS JOIN PREVIOUSLY LAUNCHED PROJECTS IN CONNECTICUT, NEW YORK STATE, SOUTH CAROLINA, MASSACHUSETTS, AND CALIFORNIA.THE CAREER IMPACT BOND (CIB) IS A FORM OF INCOME SHARE AGREEMENT WITH A DISTINCT FOCUS ON IMPROVING ACCESS TO HIGH-QUALITY WORKFORCE DEVELOPMENT PROGRAMS FOR LOW-INCOME POPULATIONS. THIS INNOVATIVE PFS FINANCING STRATEGY AIMS TO TRANSFORM ACCESS TO BEST-IN-CLASS TRAINING PROGRAMS BY REMOVING THE UPFRONT COST-BURDEN FOR LOW-INCOME STUDENTS. IN A CIB, INVESTORS COVER UPFRONT PROGRAM COSTS, WHICH STUDENTS REPAY AS A FIXED PERCENT OF THEIR INCOME, ONCE THEY GAIN MEANINGFUL EMPLOYMENT, OVER A FIXED PERIOD OF TIME. UNLIKE TRADITIONAL STUDENT LOANS, CIBS OFFER STUDENT-FRIENDLY TERMS. IN ADDITION TO A MINIMUM INCOME THRESHOLD, THEY ARE TIME-CAPPED AND DOLLAR-CAPPED. SOCIAL FINANCE WILL LAUNCH ITS FIRST CIB IN 2019. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,484,394 | ExpenseAmt |
| Grant | $63,696 | GrantAmt |
| Revenue | $1,470,280 | RevenueAmt |
| Desc | ADVISORY SERVICES - SOCIAL FINANCE PARTNERS WITH GOVERNMENTS, FOUNDATIONS AND SERVICE PROVIDERS TO ASSESS PROMISING PROGRAMS THAT COULD BENEFIT FROM PFS STRATEGIES AND FINANCING. IN PARTICULAR, WE SUPPORT GOVERNMENT PARTNERS TO TRANSITION TOWARDS OUTCOMES-ORIENTED PROCUREMENT PRACTICES. WE IDENTIFY BEST-IN-CLASS INTERVENTIONS, EXECUTE ECONOMIC ANALYSES, PERFORM DUE DILIGENCE, DESIGN INITIATIVES BASED ON EVIDENCE AND MEASURABLE OUTCOMES, IMPROVE PERFORMANCE THROUGH ONGOING, DATA-DRIVEN MANAGEMENT, AND CONDUCT OTHER ADVISORY ACTIVITIES IN ORDER TO ACHIEVE BETTER OUTCOMES FOR COMMUNITIES IN NEED. IN 2018, SOCIAL FINANCE ADVISED CLIENTS SUCH AS THE NEW YORK CITY MAYOR'S OFFICE OF CRIMINAL JUSTICE, THE PHILADELPHIA FEDERAL RESERVE, THE OPEN SOCIETY FOUNDATION, THE TEXAS DEPARTMENT OF FAMILY AND PROTECTIVE SERVICES, AND WASHINGTON STATE HEALTH CARE AUTHORITY. SOCIAL FINANCE ALSO CONTINUED TO ADVISE PARTNERS ON USING PFS THROUGH EXISTING GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION AND THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $435,529 | ExpenseAmt |
| Grant | $1,576 | GrantAmt |
| Desc | MARKET EDUCATION - THROUGH RESEARCH, ADVOCACY, AND PUBLICATIONS, SOCIAL FINANCE SUPPORTS THE DEVELOPMENT OF THE PFS FIELD AND THE BROADER IMPACT INVESTING AND EVIDENCE-BASED POLICY MOVEMENTS. IN 2018, SOCIAL FINANCE PUBLISHED THREE WHITE PAPERS: "FOCUSING ON RESULTS: HOW NONPROFITS ARE USING DATA TO IMPROVE THEIR COMMUNITIES", "USING PAY FOR SUCCESS TO IMPROVE OUTCOMES FOR THE PERSISTENTLY HOMELESS IN SACRAMENTO, AND "EXPANDING ACCESS TO JUSTICE WITH SOCIAL IMPACT FINANCING." IN ADDITION, WE CONTRIBUTED TO TWO BOOKS: WRITING A CHAPTER FOR THE FEDERAL RESERVE'S THREE-VOLUME SERIES, "INVESTING IN AMERICA'S WORKFORCE: IMPROVING OUTCOMES FOR WORKERS AND EMPLOYERS, AND CONTRIBUTING TO A CHAPTER FOR THE ROBERT WOOD JOHNSON FOUNDATION "CULTURE OF HEALTH" SERIES. SOCIAL FINANCE GAVE A TEDX TALK AND SPOKE AT KEY CONFERENCES INTERNATIONALLY, INCLUDING THIRD VATICAN IMPACT INVESTING SUMMIT, THE 19TH WORLD KNOWLEDGE FORUM IN SEOUL, THE GSG IMPACT SUMMIT IN INDIA AND THE FORBES 400 SUMMIT. SOCIAL FINANCE'S WORK TO MOBILIZE CAPITAL TO DRIVE SOCIAL PROGRESS WAS COVERED BY LEADING MEDIA OUTLETS OVER THE COURSE OF THE YEAR, INCLUDING THE NEW YORK TIMES, FAST COMPANY AND GOVERNING. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $8,523,200 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 16 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 74 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN WOODS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6179399900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 MILK STREET 1010 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02108 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| BRACEBRIDGE H YOUNG JR | |||||||||
| CHAIRPERSON & DIRECTOR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| TRACY PALANDJIAN | |||||||||
| PRESIDENT & CEO | 40.00 | Yes (X) | Yes (X) | $229,818 | $0 | $29,853 | 2.00 | ||
| ED SHAPIRO | |||||||||
| VICE CHAIR & DIRECTOR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| SIR RONALD MOURAD COHEN | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| KAREN DYNAN | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| NANCY ZIMMERMAN | |||||||||
| CLERK & DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| SANDRA URIE | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| LAURENE SPERLING | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| PAMELA DIPPEL CHONEY | |||||||||
| TREASURER & DIRECTOR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| IAN SIMMONS | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| LARA METCALF | |||||||||
| MANAGING DIRECTOR THROUGH FEB 2018 | 40.00 | Yes (X) | $61,147 | $0 | $1,024 | 2.00 | |||
| NAVJEET K BAL | |||||||||
| MANAGING DIRECTOR & GENERAL COUNSEL | 40.00 | Yes (X) | $207,814 | $0 | $27,467 | 2.00 | |||
| JEFFREY SHUMWAY | |||||||||
| MANAGING DIRECTOR OF ADVISORY | 40.00 | $213,910 | $0 | $27,545 | Yes (X) | ||||
| JACOB SEGAL | |||||||||
| VICE PRESIDENT | 40.00 | $151,323 | $0 | $19,467 | Yes (X) | ||||
| NIRAV SHAH | |||||||||
| VICE PRESIDENT | 40.00 | $147,391 | $0 | $25,984 | Yes (X) | ||||
| JOANNA VANDEN | |||||||||
| VICE PRESIDENT OF OPERATIONS | 40.00 | $139,442 | $0 | $10,645 | Yes (X) | ||||
| CASEY LITTLEFIELD | |||||||||
| VICE PRESIDENT | 40.00 | $150,154 | $0 | $11,835 | 2.00 | Yes (X) | |||
| RASHMI KHARE | |||||||||
| DIRECTOR | 40.00 | $128,696 | $0 | $11,330 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,429,695 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $165,150 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 16 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | CountryContractorAddress/ForeignAddress/CountryCd | Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|
| TUSCALOOSA RESEARCH AND EDUCATION ADVANC | |||||||||
| 3701 LOOP ROAD EAST | TUSCALOOSA | AL | 35404 | VETS CARE PFS PROJECT SERVICE PROVIDER F | $676,049 | ||||
| INTERFACE FAMILY & CHILDREN SERVICES | |||||||||
| 4001 MISSION OAKS BLVD SUITE I | CAMARILLO | CA | 93012 | VENTURA PFS PROJECT SERVICE PROVIDER FEE | $484,596 | ||||
| JONES DAY | |||||||||
| 1755 EMBARCADERO ROAD | PALO ALTO | CA | 94303 | VENTURA PFS PROJECT LEGAL FEES | $330,774 | ||||
| BRIGHTHIVE INC | |||||||||
| 233 N MICHIGAN AVE SUITE 1800 | CHICAGO | IL | 60601 | CAREER IMPACT BOND (CIB) DEVELOPMENT | $158,333 | ||||
| AMEL KARBOUL | |||||||||
| CONSULTING | $100,315 | 2 RUE KSOUR ESSEF | ARIANA | TS | 2080 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,338,765 | GovernmentGrantsAmt |
| All Other Contributions | $10,141,141 | AllOtherContributionsAmt |
| Total Contributions | $11,479,906 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROGRAM FEES | 900099 | $2,210,435 | $2,210,435 |
| VENTURA OUTCOME PAYMENTS | 900099 | $135,680 | $135,680 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,346,115 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $137,961 | TotalRevenueColumnAmt |
| Exclusion | $137,961 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $900 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $900 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $900 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,964,882 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,347,015 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $137,961 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $130,607 | TotalAmt |
| Program Services | $130,607 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $599,246 | TotalAmt |
| Program Services | $599,246 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $798,577 | TotalAmt |
| Program Services | $687,202 | ProgramServicesAmt |
| Management And General | $63,924 | ManagementAndGeneralAmt |
| Fundraising | $47,451 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,815,744 | TotalAmt |
| Program Services | $3,071,334 | ProgramServicesAmt |
| Management And General | $689,477 | ManagementAndGeneralAmt |
| Fundraising | $54,933 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,825 | TotalAmt |
| Program Services | $71,360 | ProgramServicesAmt |
| Management And General | $16,294 | ManagementAndGeneralAmt |
| Fundraising | $1,171 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $423,448 | TotalAmt |
| Program Services | $340,987 | ProgramServicesAmt |
| Management And General | $76,290 | ManagementAndGeneralAmt |
| Fundraising | $6,171 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $336,838 | TotalAmt |
| Program Services | $274,044 | ProgramServicesAmt |
| Management And General | $55,585 | ManagementAndGeneralAmt |
| Fundraising | $7,209 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $178,690 | TotalAmt |
| Management And General | $178,690 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $215,387 | TotalAmt |
| Program Services | $215,387 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $113,691 | TotalAmt |
| Program Services | $81,365 | ProgramServicesAmt |
| Management And General | $11,876 | ManagementAndGeneralAmt |
| Fundraising | $20,450 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $152,456 | TotalAmt |
| Program Services | $109,109 | ProgramServicesAmt |
| Management And General | $15,925 | ManagementAndGeneralAmt |
| Fundraising | $27,422 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,020 | TotalAmt |
| Program Services | $31,509 | ProgramServicesAmt |
| Management And General | $2,163 | ManagementAndGeneralAmt |
| Fundraising | $1,348 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $160,303 | TotalAmt |
| Program Services | $83,263 | ProgramServicesAmt |
| Management And General | $75,357 | ManagementAndGeneralAmt |
| Fundraising | $1,683 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $159,533 | TotalAmt |
| Program Services | $129,830 | ProgramServicesAmt |
| Management And General | $26,265 | ManagementAndGeneralAmt |
| Fundraising | $3,438 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $351,746 | TotalAmt |
| Program Services | $286,173 | ProgramServicesAmt |
| Management And General | $58,045 | ManagementAndGeneralAmt |
| Fundraising | $7,528 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $363,445 | TotalAmt |
| Program Services | $347,294 | ProgramServicesAmt |
| Management And General | $12,117 | ManagementAndGeneralAmt |
| Fundraising | $4,034 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,673 | TotalAmt |
| Program Services | $17,701 | ProgramServicesAmt |
| Management And General | $1,215 | ManagementAndGeneralAmt |
| Fundraising | $757 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,629 | TotalAmt |
| Management And General | $49,629 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,664 | TotalAmt |
| Program Services | $20,880 | ProgramServicesAmt |
| Management And General | $4,235 | ManagementAndGeneralAmt |
| Fundraising | $549 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,809 | TotalAmt |
| Program Services | $41,485 | ProgramServicesAmt |
| Management And General | $4,485 | ManagementAndGeneralAmt |
| Fundraising | $839 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PROGRAM FEES | $1,171,550 | $1,171,550 | ||
| SUBCONTRACTORS | $713,277 | $713,277 | ||
| RECRUITING FEES | $78,722 | $56,339 | $8,223 | $14,160 |
| BAD DEBT EXPENSE | $48,810 | $43,258 | $4,677 | $875 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,077,690 | TotalAmt |
| Program Services | $8,523,200 | ProgramServicesAmt |
| Management And General | $1,354,472 | ManagementAndGeneralAmt |
| Fundraising | $200,018 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,380,646 | BOYAmt |
| EOY | $2,534,745 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,920,023 | BOYAmt |
| EOY | $6,608,907 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $571,424 | BOYAmt |
| EOY | $4,499,545 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $441,758 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $219,208 | BOYAmt |
| EOY | $333,312 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $134,882 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $74,315 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,498 | BOYAmt |
| EOY | $60,567 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,110,560 | BOYAmt |
| EOY | $1,204,362 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,242,359 | BOYAmt |
| EOY | $15,683,196 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,071,698 | BOYAmt |
| EOY | $1,188,744 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $225,769 | BOYAmt |
| EOY | $62,132 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,965 | BOYAmt |
| EOY | $2,565,056 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,257 | BOYAmt |
| EOY | $194,402 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,456,689 | BOYAmt |
| EOY | $4,010,334 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,783,962 | BOYAmt |
| EOY | $7,465,972 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,001,708 | BOYAmt |
| EOY | $4,206,890 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,785,670 | BOYAmt |
| EOY | $11,672,862 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,242,359 | BOYAmt |
| EOY | $15,683,196 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $3,887,192 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,636,093 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,120,948 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,697,220 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,114,874 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,479,906 | CurrentTaxYearAmt |
| Total | $31,049,041 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,636,093 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,120,948 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,697,220 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,114,874 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,479,906 | CurrentTaxYearAmt |
| Total | $31,049,041 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $11,513,233 | SubstantialContributorsTotAmt |
| Public Support Total170 | $19,535,808 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,916 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,137 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $17,643 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $34,387 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $137,961 | CurrentTaxYearAmt |
| Total | $207,044 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $900 | CurrentTaxYearAmt |
| Total | $900 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $31,256,985 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $8,038,984 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.62500 | PublicSupportCY170Pct |
| Public Support PY170 | 0.56800 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER INCOME - 2018 AMOUNT: $ 900. | ExplanationTxt |
Schedule B IRS990ScheduleB
Schedule C IRS990ScheduleC
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $37,111 | OtherCostOrOtherBasisAmt |
| Depreciation | $20,509 | DepreciationAmt |
| Book Value | $16,602 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $81,965 | OtherCostOrOtherBasisAmt |
| Depreciation | $47,205 | DepreciationAmt |
| Book Value | $34,760 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,806 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,601 | DepreciationAmt |
| Book Value | $9,205 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $60,567 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| SFI SECURITY DEPOSIT | $72,101 |
| DUE FROM SFI'S AFFILIATES AND SUBSIDIARIES | $69,635 |
| INVESTMENT IN VENTURA COUNTY PROJECT TO SUPPORT REENTRY LLC | $300,000 |
| INVESTMENT IN MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC | $761,652 |
| INTEREST RECEIVABLE | $974 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,204,362 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| SFI DEFERRED RENT | $50,108 |
| VENTURA PFS PROJECT INTEREST PAYABLE | $11,739 |
| DUE TO SFI | $1,077 |
| VENTURA PFS PROJECT PRE-PAID LOAN COMMITMENT | $17,046 |
| VETS CARE INTEREST PAYABLE | $24,432 |
| VETS CARE GRANT PAYABLE | $90,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $194,402 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $15,819,885 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $15,313 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $2,268,380 | OtherRevenueAmt |
| Revenue Not Reported | $2,283,693 | RevenueNotReportedAmt |
| Revenue Subtotal | $13,536,192 | RevenueSubtotalAmt |
| Other Revenues Not Included | $428,690 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $428,690 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $13,964,882 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $16,595,605 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $15,313 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $6,931,292 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $6,946,605 | ExpensesNotReportedAmt |
| Expenses Subtotal | $9,649,000 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $428,690 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $428,690 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $10,077,690 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. SHOULD THERE BE INTEREST ON UNDERPAYMENT OF INCOME TAX, THE ORGANIZATION WOULD CLASSIFY IT AS INTEREST EXPENSE. THE ORGANIZATION WOULD CLASSIFY PENALTIES IN CONNECTION WITH UNDERPAYMENT OF INCOME TAX AS OTHER EXPENSE. THE ORGANIZATION IS SUBJECT TO AUDIT BY TAX AUTHORITIES. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. MANAGEMENT BELIEVES THAT ITS NONPROFIT STATUS WOULD BE SUSTAINED UPON EXAMINATION. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS FOR YEARS BEFORE 2015. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | REVENUES REPORTED ON SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC 227,150. REVENUES REPORTED ON SOCIAL FINANCE CT FAMILY STABILITY 2016 MANAGER, INC. 2,598. REVENUES REPORTED ON MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC 2,038,632. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | MANAGEMENT FEES REVENUE FROM AFFILIATES 428,690. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EXPENSES REPORTED ON SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 LLC 385,608. EXPENSES REPORTED ON SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC 3,000,545. EXPENSES REPORTED ON MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC 3,545,139. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | MANAGEMENT FEES REVENUE FROM AFFILIATES 428,690. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | GRANTS TO A RECIPIENT | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $599,246 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $599,246 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $599,246 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | RegionTxt |
| Purpose Of Grant | TO DISBURSE CERTAIN GIFTS, GRANTS, CONTRIBUTIONS AND OTHER REVENUES TO SUPPORT THE ORGANIZATION'S PROGRAM ACTIVITIES. | PurposeOfGrantTxt |
| Cash Grant | $599,246 | CashGrantAmt |
| Manner Of Cash Disbursement | WIRE TRANSFER | MannerOfCashDisbursementTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | AS A FISCAL SPONSOR FOR SOCIAL FINANCE UK (SF UK), SOCIAL FINANCE HAS AGREED TO RECEIVE AND DISBURSE GRANTS IN SUPPORT OF PROJECTS OUTSIDE OF THE US THAT ALIGN WITH OUR MISSION. A FISCAL SPONSORSHIP AGREEMENT, EXECUTED BY BOTH PARTIES, ESTABLISHES THE PROCEDURE FOR MONITORING THESE GRANTS. THE AGREEMENT STATES THAT SOCIAL FINANCE RETAINS OVERSIGHT AUTHORITY TO ENSURE THAT THE FUNDS DISBURSED BY SOCIAL FINANCE TO SF UK ARE USED FOR THEIR INTENDED CHARITABLE PURPOSES, AND SOCIAL FINANCE HAS FULL ACCESS TO THE BOOKS, RECORDS, AND SENIOR MANAGEMENT AND FINANCIAL PERSONNEL OF SF UK WITH RESPECT TO THE SPONSORED ACTIVITIES, UPON REQUEST. THE TWO PARTIES HAVE AGREED TO PARTICIPATE IN REGULAR CALLS WITH DISCUSSION OF SPONSORED ACTIVITIES, PROJECT GOVERNANCE, AND COMPLIANCE WITH GRANT AGREEMENTS, AS APPROPRIATE. FINALLY, SF UK IS TO PROVIDE AN ANNUAL WRITTEN SUMMARY OF SPONSORED ACTIVITIES TO SOCIAL FINANCE TO THE EXTENT NOT COVERED BY REPORTS REQUIRED BY GRANTORS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| RESEARCH FOUNDATION OF CUNY | |||||||
| 230 WEST 41ST ST 7TH FL | NEW YORK | NY | 10036 | 131988190 | 501(C)(3) | $25,012 | SUPPORT SFI IN ITS PREPARATION AND DEVELOPMENT OF A FEASIBILITY STUDY EXPLORING THE POTENTIAL OF SUSTAINABLE FINANCING MODELS FOR SCALING THE SAIL PROGRAM AT LORAIN COMMUNITY COLLEGE |
| MDRC | |||||||
| 16 EAST 34TH ST 19TH FL | NEW YORK | NY | 10016 | 237379473 | 501(C)(3) | $25,102 | SUPPORT SFI IN ITS PREPARATION AND DEVELOPMENT OF A FEASIBILITY STUDY EXPLORING THE POTENTIAL OF SUSTAINABLE FINANCING MODELS FOR SCALING THE SAIL PROGRAM AT LORAIN COMMUNITY COLLEGE |
| LORAIN COUNTY COMMUNITY COLLEGE | |||||||
| 1005 NORTH ABBE ROAD | ELYRIA | OH | 44035 | 340930187 | 501(C)(3) | $25,000 | SUPPORT SFI IN ITS PREPARATION AND DEVELOPMENT OF A FEASIBILITY STUDY EXPLORING THE POTENTIAL OF SUSTAINABLE FINANCING MODELS FOR SCALING THE SAIL PROGRAM AT LORAIN COMMUNITY COLLEGE |
| SORENSON IMPACT CENTER | |||||||
| 85 FORT DOUGLAS BLVD 602 | SALT LAKE CITY | UT | 84113 | 876000525 | 501(C)(3) | $50,504 | SUPPORT SFI IN ITS WORK TO INCREASE THE NUMBER OF HIGH-QUALITY PAY FOR SUCCESS ("PFS") PROJECTS AND TO ENHANCE THE ABILITY OF SERVICE PROVIDERS AND GOVERNMENTS TO MORE EFFECTIVELY IMPROVE OUTCOMES ACROSS DIVERSE ISSUE AREAS AND GEOGRAPHIES |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | SOCIAL FINANCE HOLDS REGULAR CALLS WITH GRANTEES TO ENSURE ACHIEVEMENT OF GRANT GOALS AND MONITOR COMPLIANCE. ADDITIONALLY, GRANTEES MAY BE PERIODICALLY REQUIRED TO SUBMIT DETAILED FINANCIAL AND PROGRAMMATIC REPORTING. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TRACY PALANDJIAN | ||||||||||||||
| PRESIDENT & CEO | $200,818 | $0 | $29,000 | $0 | $0 | $0 | $6,136 | $0 | $23,717 | $0 | $259,671 | $0 | $0 | $0 |
| NAVJEET K BAL | ||||||||||||||
| MANAGING DIRECTOR & GENERAL COUNSEL | $186,814 | $0 | $21,000 | $0 | $0 | $0 | $5,677 | $0 | $21,790 | $0 | $235,281 | $0 | $0 | $0 |
| JEFFREY SHUMWAY | ||||||||||||||
| MANAGING DIRECTOR OF ADVISORY | $190,910 | $0 | $23,000 | $0 | $0 | $0 | $5,755 | $0 | $21,790 | $0 | $241,455 | $0 | $0 | $0 |
| JACOB SEGAL | ||||||||||||||
| VICE PRESIDENT | $137,323 | $0 | $14,000 | $0 | $0 | $0 | $4,175 | $0 | $15,292 | $0 | $170,790 | $0 | $0 | $0 |
| NIRAV SHAH | ||||||||||||||
| VICE PRESIDENT | $137,391 | $0 | $10,000 | $0 | $0 | $0 | $4,194 | $0 | $21,790 | $0 | $173,375 | $0 | $0 | $0 |
| JOANNA VANDEN | ||||||||||||||
| VICE PRESIDENT OF OPERATIONS | $127,442 | $0 | $12,000 | $0 | $0 | $0 | $3,883 | $0 | $6,762 | $0 | $150,087 | $0 | $0 | $0 |
| CASEY LITTLEFIELD | ||||||||||||||
| VICE PRESIDENT | $138,154 | $0 | $12,000 | $0 | $0 | $0 | $4,189 | $0 | $7,646 | $0 | $161,989 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (5 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| MASSACHUSSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC | |||
| BUSINESS RELATIONSHIP | $80,000 | PROVIDE MANAGEMENT SERVICES TO MASSACHUSSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC | 0 |
| SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 LLC | |||
| BUSINESS RELATIONSHIP | $50,000 | PROVIDE MANAGEMENT SERVICES TO SOCIAL FINANCE NYS WORKFORCE REENTRY 2013 LLC | 0 |
| SOCIAL FINANCE VENTURA COUNTY PROJECT TO SUPPORT REENTRY LLC | |||
| BUSINESS RELATIONSHIP | $28,690 | PROVIDE MANAGEMENT SERVICES TO SOCIAL FINANCE VENTURA COUNTY PROJECT TO SUPPORT REENTRY LLC | 0 |
| SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC | |||
| BUSINESS RELATIONSHIP | $120,000 | PROVIDE MANAGEMENT SERVICES TO SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC | 0 |
| VETERANS COORDINATED APPROACHED TO RECOVERY AND EMPLOYMENT LLC | |||
| BUSINESS RELATIONSHIP | $150,000 | PROVIDE MANAGEMENT SERVICES TO VETERANS COORDINATED APPROACHED TO RECOVERY AND EMPLOYMENT, LLC | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM IS REVIEWED BY SENIOR MANAGEMENT THEN PROVIDED TO THE BOARD BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | AN ANNUAL CONFLICT OF INTEREST POLICY STATEMENT IS DISTRIBUTED TO OFFICERS, DIRECTORS, AND MEMBERS OF ANY COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS FOR COMPLETION. ANY CONFLICT WILL BE DISCUSSED WITH THE INTERESTED PERSON AND THE GOVERNING BOARD BEFORE A DECISION IS MADE AS TO THE EXISTENCE OF A CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | ALL OFFICERS AND DIRECTORS COMPENSATION WILL BE APPROVED BY A DISINTERESTED BOARD OF DIRECTORS AFTER RESEARCH IS PERFORMED REGARDING SALARIES PAID FOR COMPARABLE WORK IN SIMILARLY SITUATED ORGANIZATIONS AND OTHER APPROPRIATE SALARY SURVEY INFORMATION IS CONSIDERED. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| SF MA PATHWAYS 2016 LLC | |||||||||
| 10 MILK STREET 1010 | BOSTON | MA | 02108 | 384021035 | PURCHASE AND HOLD COMMON EQUITY INTERESTS IN MA LLC | DE | $0 | $900,030 | SOCIAL FINANCE INC |
| SOCIAL FINANCE MA PATHWAYS II LLC | |||||||||
| 10 MILK STREET 1010 | BOSTON | MA | 02108 | 320514076 | PURCHASE AND HOLD CLASS A EQUITY INTERESTS IN MA LLC | DE | $65,617 | $138,694 | SOCIAL FINANCE INC |
| SOCIAL FINANCE VENTURA COUNTY PROJECT TO SUPPORT REENTRY LLC | |||||||||
| 10 MILK STREET 1010 | BOSTON | MA | 02108 | 320508962 | PROMOTE SUCCESSFUL REENTRY FOR INDIVIDUALS ON FORMAL PROBATION | DE | $136,410 | $275,316 | SOCIAL FINANCE INC |
| VETERANS COORDINATED APPROACHED TO RECOVERY AND EMPLOYMENT LLC | |||||||||
| 10 MILK STREET 1010 | BOSTON | MA | 02108 | 611885310 | SECURE EMPLOYMENT REHABILITATION AND SUPPORT SERVICES TO VETERANS | DE | $2,600 | $979,466 | VETERANS CARE MANAGING MEMBER LLC |
| VETERANS CARE MANAGING MEMBER LLC | |||||||||
| 10 MILK STREET 1010 | BOSTON | MA | 02108 | 371895806 | VETS MANAGER IS THE MANAGING MEMBER OF VETS CARE LLC | DE | $0 | $0 | SOCIAL FINANCE INC |
| PAYOR ALLIANCE FOR VETERANS EMPLOYMENT LLC | |||||||||
| 10 MILK STREET 1010 | BOSTON | MA | 02108 | 352626192 | COLLECT THE VETS CARE OUTCOME PAYMENTS RELATED TO THE VETS CARE PFS PROJECT. | DE | $0 | $0 | SOCIAL FINANCE INC |
| SOCIAL FINANCE CAREER IMPACT BOND GENERAL ASSEMBLY LLC | |||||||||
| 10 MILK STREET 1010 | BOSTON | MA | 02108 | 834245427 | PROVIDE INCOME SHARE AGREEMENT (ISA) FINANCING AND PROGRAMMATIC SUPPORTS | DE | $0 | $0 | SOCIAL FINANCE INC |
| SOCIAL FINANCE CAREER IMPACT BOND MANAGING MEMBER LLC | |||||||||
| 10 MILK STREET 1010 | BOSTON | MA | 02108 | 834273633 | MANAGE THE OPERATIONS OF SOCIAL FINANCE CAREER IMPACT BOND GENERAL ASSEMBLY | DE | $0 | $0 | SOCIAL FINANCE INC |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOCIAL FINANCE CT FAMILY STABILITY 2016 MANAGER INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 MILK STREET 1010 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02108 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 364829457 | EIN |
| Primary Activities | PROMOTE FAMILY STABILITY AND REDUCE FOSTER CARE UTILIZATION FOR FAMILIES | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOCIAL FINANCE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd |
|---|---|---|---|---|---|---|---|---|---|
| SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 LLC | |||||||||
| 10 MILK STREET 1010 | BOSTON | MA | 02108 | 463851533 | REDUCE RECIDIVISM AND INCREASE EMPLOYMENT OF THE FORMERLY INCARCERATED | DE | SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 MANAGER INC | 0 | 0 |
| MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC | |||||||||
| 10 MILK STREET 1010 | BOSTON | MA | 02108 | 320500335 | INCREASE EDUCATION AND EMPLOYMENT ATTAINMENT FOR ADULT RECENT IMMIGRANTS | DE | SOCIAL FINANCE INC | 0 | Yes (1) |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 MANAGER INC | |||||||||
| 10 MILK STREET 1010 | BOSTON | MA | 02108 | 371742609 | REDUCE RECIDIVISM AND INCREASE EMPLOYMENT OF THE FORMERLY INCARCERATED | DE | SOCIAL FINANCE INC | C | Yes (1) |
| SOCIAL FINANCE DC TEEN PREGNANCY PREVENTION & EDUCATION ATTAINMENT 2014 MGR | |||||||||
| 10 MILK STREET 1010 | BOSTON | MA | 02108 | 371778826 | PREVENT TEEN PREGNANCY AND INCREASE EDUCATIONAL ATTAINMENT | DE | SOCIAL FINANCE INC | C | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | L | TransactionTypeTxt |
| Involved | $80,000 | InvolvedAmt |
| Method Of Amount Determination | FAIR MARKET VALUE | MethodOfAmountDeterminationTxt |