SOCIAL FINANCE INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- SOCIAL FINANCE INC (EIN 27-4620963)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-14
- IRS object ID
- 201713189349303121
- Schema version
- 2016v3.0
- 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 I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-14T10:00:20-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | 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 | 2016-01-01 | 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 | 2017-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARC TAUB CPA | PreparerPersonNm |
| PTIN | P00236664 | PTIN |
| Phone | 2125761400 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 72.46.249.68 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-11-13 | IPDt |
| IP Tm | 21:11:18 | IPTm |
| IP Timezone | US | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 8B3A379C7FBA3A44279E6426DA85F69B423A6E25 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 35642B4FCEF3CDCF5C8D82F4199BD71F34BC315D | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2018-03-14 21:41:22Z | 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 | $4,871,173 | 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'S MISSION IS TO MOBILIZE CAPITAL TO DRIVE SOCIAL PROGRESS. WE BELIEVE THAT EVERYONE DESERVES THE OPPORTUNITY TO THRIVE, AND THAT IMPACT INVESTMENTS CAN CATALYZE THESE OPPORTUNITIES. CORE TO OUR WORK IS THE DEVELOPMENT OF PAY FOR SUCCESS (PFS) FINANCING (ALSO REFERRED TO AS SOCIAL IMPACT BONDS). AN INNOVATIVE FUNDING MODEL, PFS HELPS TO MEASURABLY IMPROVE THE LIVES OF PEOPLE IN NEED BY DRIVING GOVERNMENT RESOURCES TOWARD BETTER, MORE EFFECTIVE PROGRAMS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 44 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,120,948 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,697,220 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,070,596 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,156,310 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,137 | PYInvestmentIncomeAmt |
| CY Investment Income | $17,643 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $4,199,681 | PYTotalRevenueAmt |
| CY Total Revenue | $4,871,173 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $381,607 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $27,359 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,910,416 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,819,688 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $145,996 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,160,530 | PYOtherExpensesAmt |
| CY Other Expenses | $1,178,601 | CYOtherExpensesAmt |
| PY Total Expenses | $4,452,553 | PYTotalExpensesAmt |
| CY Total Expenses | $5,025,648 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$252,872 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$154,475 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $7,008,307 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,783,382 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $750,327 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $679,877 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $6,257,980 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,103,505 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SOCIAL FINANCE'S MISSION IS TO MOBILIZE CAPITAL TO DRIVE SOCIAL PROGRESS. WE BELIEVE THAT EVERYONE DESERVES THE OPPORTUNITY TO THRIVE, AND THAT IMPACT INVESTMENTS CAN CATALYZE THESE OPPORTUNITIES. CORE TO OUR WORK IS THE DEVELOPMENT OF PAY FOR SUCCESS (PFS) FINANCING (ALSO REFERRED TO AS SOCIAL IMPACT BONDS). AN INNOVATIVE FUNDING MODEL, PFS HELPS TO MEASURABLY IMPROVE THE LIVES OF PEOPLE IN NEED BY DRIVING GOVERNMENT RESOURCES TOWARD BETTER, MORE EFFECTIVE PROGRAMS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,490,715 | ExpenseAmt |
| Grant | $27,359 | GrantAmt |
| Revenue | $1,156,310 | RevenueAmt |
| Desc | ADVISORY SERVICES AND SOCIAL INVESTMENT - THE ADVISORY SERVICES TEAM PARTNERS WITH GOVERNMENTS AND FOUNDATIONS TO ASSESS HIGH PERFORMING PROGRAMS THAT COULD BE SCALED WITH OUTCOMES-BASED FINANCING, IN ORDER TO ACHIEVE BETTER RESULTS FOR COMMUNITIES IN NEED. IN 2016, SOCIAL FINANCE COMPLETED ADVISORY PROJECTS FOR VARIOUS CLIENTS, INCLUDING 100 RESILIENT CITIES, THE AARP FOUNDATION, THE CALIFORNIA ENDOWMENT, COLLEGE FOR AMERICA, GREEN AND HEALTHY HOMES INITIATIVE, THE COUNTY AND CITY OF SACRAMENTO, AND THE STATE OF OHIO. THE SOCIAL INVESTMENT TEAM DEVELOPS PFS PROJECTS THAT IMPROVE SOCIAL OUTCOMES AND GENERATE FINANCIAL RETURNS; PUTS CAPITAL TO WORK IN SERVICE OF SOCIETY BY MOBILIZING FUNDING TO SUPPORT PFS PROJECTS; AND ENGAGES IN ACTIVE PERFORMANCE MANAGEMENT TO ENSURE PROJECTS STAY ON TRACK AND DRIVE POSITIVE RESULTS FOR COMMUNITIES IN NEED. IN 2016, SOCIAL FINANCE LAUNCHED A $30 MILLION PFS PROJECT IN SOUTH CAROLINA TO SUPPORT THE HEALTHY PREGNANCIES OF 3,200 FIRST-TIME, LOW-INCOME MOTHERS AND ENCOURAGE POSITIVE CHILD DEVELOPMENT. SOCIAL FINANCE ALSO LAUNCHED AN $11.2 MILLION PFS PROJECT IN CONNECTICUT TO PROMOTE FAMILY STABILITY AND REDUCE PARENTAL SUBSTANCE USE FOR 500 FAMILIES INVOLVED WITH THE STATE'S CHILD WELFARE SYSTEM. IN ADDITION, SOCIAL FINANCE PROVIDED ACTIVE PERFORMANCE MANAGEMENT SERVICES FOR A $13.5 MILLION PFS PROJECT IN NEW YORK STATE TO IMPROVE EMPLOYMENT AND REDUCE RECIDIVISM AMONG 2,000 FORMERLY INCARCERATED MEN. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $503,551 | ExpenseAmt |
| Desc | MARKET EDUCATION - THROUGH RESEARCH, ADVOCACY, AND PUBLICATIONS, SOCIAL FINANCE SUPPORTS THE DEVELOPMENT OF THE PFS MARKET AND THE BROADER IMPACT INVESTMENT MOVEMENT. IN 2016, SOCIAL FINANCE PUBLISHED A WHITE PAPER IN COLLABORATION WITH SOCIAL FINANCE U.K. AND SOCIAL FINANCE ISRAEL, ENTITLED "SOCIAL IMPACT BONDS: THE EARLY YEARS," THAT REFLECTS ON THE IMPACT AND REACH THAT SOCIAL IMPACT BONDS (SIBS) HAVE HAD ACROSS THE GLOBE AS WELL AS THE SHARED LESSONS FROM THE SOCIAL FINANCE GLOBAL NETWORK. ALONGSIDE THE PAPER, SOCIAL FINANCE LAUNCHED THE MOST COMPREHENSIVE ONLINE DATABASE OF SIBS WORLDWIDE. WITH THE W.K. KELLOGG FOUNDATION, SOCIAL FINANCE PUBLISHED, "NEW TOOLS TO AMPLIFY IMPACT: A PAY FOR SUCCESS GUIDE TO BUILDING NONPROFIT CAPACITY," DESCRIBING SOCIAL FINANCE'S WORK WITH FOUR OF THE FOUNDATION'S GRANTEES--INCLUDING HOW THEY USE DATA TO MEASURE AND ARTICULATE SOCIAL VALUE--AND PROVIDING A ROADMAP FOR ORGANIZATIONS WHO HOPE TO DO THE SAME. OVER THE COURSE OF THE YEAR, SOCIAL FINANCE ALSO PARTICIPATED IN KEY CONFERENCES, INCLUDING EVENTS HOSTED BY THE U.S. DEPARTMENT OF EDUCATION, MISSION INVESTORS EXCHANGE, AND LIVING CITIES. SOCIAL FINANCE'S EFFORT TO CONNECT THE SOCIAL SECTOR WITH THE CAPITAL MARKETS FOR THE BENEFIT OF PEOPLE IN NEED WAS COVERED BY LEADING MEDIA OUTLETS, SUCH AS THE WASHINGTON POST, GOVERNING, AND FORBES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $3,994,266 | 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 | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | 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 | 0 | 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 | 13 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 44 | 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | 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 |
| 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 | MAZIE MCLEOD | 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 (19 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) | $195,732 | $0 | $24,358 | 2.00 | ||
| SONAL SHAH | |||||||||
| VICE CHAIR & DIRECTOR THRU DEC 2016 | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| SIR RONALD MOURAD COHEN | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALEX FRIEDMAN | |||||||||
| DIRECTOR THROUGH DEC 2016 | 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 | |||
| ED SHAPIRO | |||||||||
| VICE CHAIR & DIRECTOR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| IAN SIMMONS | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| LARA METCALF | |||||||||
| MANAGING DIRECTOR | 40.00 | Yes (X) | $187,740 | $0 | $5,184 | 2.00 | |||
| NAVJEET K BAL | |||||||||
| VP & GENERAL COUNSEL | 40.00 | Yes (X) | $162,905 | $0 | $23,122 | ||||
| JEFFREY SHUMWAY | |||||||||
| VICE PRESIDENT OF ADVISORY | 40.00 | $176,559 | $0 | $23,762 | Yes (X) | ||||
| CAITLIN REIMERS BRUMME | |||||||||
| PROGRAM DIRECTOR | 40.00 | $127,046 | $0 | $3,588 | Yes (X) | ||||
| NIRAV SHAH | |||||||||
| PROGRAM DIRECTOR | 40.00 | $135,698 | $0 | $7,110 | Yes (X) | ||||
| JOANNA VANDEN | |||||||||
| PROGRAM DIRECTOR | 40.00 | $114,057 | $0 | $9,822 | Yes (X) | ||||
| CASEY LITTLEFIELD | |||||||||
| PROGRAM DIRECTOR | 40.00 | $123,988 | $0 | $10,117 | 2.00 | Yes (X) | |||
| RASHMI KHARE | |||||||||
| DIRECTOR | 40.00 | $115,023 | $0 | $9,880 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,338,748 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $116,943 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 11 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JONES DAY | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1755 EMBARCADERO ROAD | AddressLine1Txt |
| City | PALO ALTO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94303 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | LEGAL | ServicesDesc |
| Compensation | $184,225 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $79,085 | GovernmentGrantsAmt |
| All Other Contributions | $3,618,135 | AllOtherContributionsAmt |
| Total Contributions | $3,697,220 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAM RELATED FEES | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $1,156,310 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,156,310 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,156,310 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,643 | TotalRevenueColumnAmt |
| Exclusion | $17,643 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,871,173 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,156,310 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $17,643 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,359 | TotalAmt |
| Program Services | $27,359 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $831,138 | TotalAmt |
| Program Services | $715,485 | ProgramServicesAmt |
| Management And General | $63,682 | ManagementAndGeneralAmt |
| Fundraising | $51,971 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,469,085 | TotalAmt |
| Program Services | $2,017,961 | ProgramServicesAmt |
| Management And General | $430,957 | ManagementAndGeneralAmt |
| Fundraising | $20,167 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,737 | TotalAmt |
| Program Services | $42,897 | ProgramServicesAmt |
| Management And General | $11,833 | ManagementAndGeneralAmt |
| Fundraising | $3,007 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $210,456 | TotalAmt |
| Program Services | $158,185 | ProgramServicesAmt |
| Management And General | $41,333 | ManagementAndGeneralAmt |
| Fundraising | $10,938 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $251,272 | TotalAmt |
| Program Services | $194,256 | ProgramServicesAmt |
| Management And General | $43,260 | ManagementAndGeneralAmt |
| Fundraising | $13,756 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,453 | TotalAmt |
| Program Services | $3,550 | ProgramServicesAmt |
| Management And General | $1,886 | ManagementAndGeneralAmt |
| Fundraising | $17 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $240,640 | TotalAmt |
| Program Services | $154,743 | ProgramServicesAmt |
| Management And General | $83,824 | ManagementAndGeneralAmt |
| Fundraising | $2,073 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,076 | TotalAmt |
| Program Services | $66,560 | ProgramServicesAmt |
| Management And General | $21,061 | ManagementAndGeneralAmt |
| Fundraising | $30,455 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,192 | TotalAmt |
| Program Services | $4,382 | ProgramServicesAmt |
| Management And General | $745 | ManagementAndGeneralAmt |
| Fundraising | $65 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,188 | TotalAmt |
| Program Services | $43,953 | ProgramServicesAmt |
| Management And General | $17,369 | ManagementAndGeneralAmt |
| Fundraising | $4,866 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,049 | TotalAmt |
| Program Services | $58,835 | ProgramServicesAmt |
| Management And General | $43,326 | ManagementAndGeneralAmt |
| Fundraising | $888 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $297,994 | TotalAmt |
| Program Services | $229,143 | ProgramServicesAmt |
| Management And General | $65,253 | ManagementAndGeneralAmt |
| Fundraising | $3,598 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $225,362 | TotalAmt |
| Program Services | $201,085 | ProgramServicesAmt |
| Management And General | $20,915 | ManagementAndGeneralAmt |
| Fundraising | $3,362 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,869 | TotalAmt |
| Program Services | $43,678 | ProgramServicesAmt |
| Management And General | $943 | ManagementAndGeneralAmt |
| Fundraising | $248 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,068 | TotalAmt |
| Program Services | $10,250 | ProgramServicesAmt |
| Management And General | $11,644 | ManagementAndGeneralAmt |
| Fundraising | $174 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,710 | TotalAmt |
| Program Services | $21,944 | ProgramServicesAmt |
| Management And General | $27,355 | ManagementAndGeneralAmt |
| Fundraising | $411 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,025,648 | TotalAmt |
| Program Services | $3,994,266 | ProgramServicesAmt |
| Management And General | $885,386 | ManagementAndGeneralAmt |
| Fundraising | $145,996 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,327 | BOYAmt |
| EOY | $49,870 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,150,466 | BOYAmt |
| EOY | $6,003,565 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $429,253 | BOYAmt |
| EOY | $528,789 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,323 | BOYAmt |
| EOY | $71,062 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $101,966 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $48,971 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,554 | BOYAmt |
| EOY | $52,995 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $227,384 | BOYAmt |
| EOY | $77,101 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,008,307 | BOYAmt |
| EOY | $6,783,382 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $722,202 | BOYAmt |
| EOY | $541,400 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $71,667 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,125 | BOYAmt |
| EOY | $66,810 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $750,327 | BOYAmt |
| EOY | $679,877 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,036,320 | BOYAmt |
| EOY | $5,740,395 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $221,660 | BOYAmt |
| EOY | $363,110 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,257,980 | BOYAmt |
| EOY | $6,103,505 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,008,307 | BOYAmt |
| EOY | $6,783,382 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$154,475 | 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
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 | $2,677,145 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,236,380 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,636,093 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,120,948 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,697,220 | CurrentTaxYearAmt |
| Total | $17,367,786 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,677,145 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,236,380 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,636,093 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,120,948 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,697,220 | CurrentTaxYearAmt |
| Total | $17,367,786 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $11,180,146 | SubstantialContributorsTotAmt |
| Public Support Total170 | $6,187,640 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,896 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,440 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,916 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,137 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,643 | CurrentTaxYearAmt |
| Total | $46,032 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $17,413,818 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $3,548,806 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.35530 | PublicSupportCY170Pct |
| Public Support PY170 | 0.35400 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
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 | $27,197 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,247 | DepreciationAmt |
| Book Value | $19,950 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $74,769 | OtherCostOrOtherBasisAmt |
| Depreciation | $41,724 | DepreciationAmt |
| Book Value | $33,045 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $52,995 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED RENT | Desc |
| Amt | $66,810 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $66,810 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $5,270,914 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $438,326 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $438,326 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,832,588 | RevenueSubtotalAmt |
| Other Revenues Not Included | $38,585 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $38,585 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $4,871,173 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,350,518 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $438,326 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $3,886,544 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $4,324,870 | ExpensesNotReportedAmt |
| Expenses Subtotal | $5,025,648 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $5,025,648 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | SFI IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. DC WYMAN MANAGER, NYS CEO MANAGER AND CT MANAGER WERE ESTABLISHED AS NONPROFIT CORPORATIONS. 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 2013. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | MGMT FEES REV FROM SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 LLC 50,000. IN-KIND PROFESSIONAL SERVICES FROM SOCIAL FINANCE CT FAMILY STABILITY LLC -160,988. OTHER INCOME FROM SOCIAL FINANCE CT MANAGER -427. MGMT FEES REV FROM SOCIAL FINANCE CT STABILITY 2016 LLC 150,000. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EXP REPORTED BY SOC FIN NY STATE WORKFORCE RE-ENTRY 2013 LLC- 2015 FORM 1065 2,811,583. MGMT FEES REV FROM SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 LLC 1,274,961. ELIMINATING ENTRY -200,000. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CENTRAL CALIFORNIA ASTHMA COLLABORATIVE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4991 E MCKINLEY AVE STE 109 | AddressLine1Txt |
| City | FRESNO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93727 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 453599201 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $27,359 | CashGrantAmt |
| Purpose Of Grant | SOCIAL IMPACT BOND DEMONSTRATION PROJECT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GRANTEES ARE REQUIRED TO SUBMIT ACTUAL EXPENSES ON A MONTHLY BASIS AND TO SUBMIT A FINAL WRITTEN REPORT THAT DESCRIBES IN DETAIL THE USE OF THE GRANTED FUNDS, COMPLIANCE WITH THE TERMS OF THE GRANT, AND THE PROGRESS MADE BY THE GRANTEE TOWARD ACHIEVING THE PURPOSES FOR WHICH THE GRANT WAS MADE DURING THE PERIOD COVERED BY THE REPORT. | 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 (4 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 | $182,732 | $0 | $13,000 | $0 | $0 | $0 | $5,482 | $0 | $18,876 | $0 | $220,090 | $0 | $0 | $0 |
| LARA METCALF | ||||||||||||||
| MANAGING DIRECTOR | $174,740 | $0 | $13,000 | $0 | $0 | $0 | $5,184 | $0 | $0 | $0 | $192,924 | $0 | $0 | $0 |
| NAVJEET K BAL | ||||||||||||||
| VP & GENERAL COUNSEL | $157,905 | $0 | $5,000 | $0 | $0 | $0 | $4,246 | $0 | $18,876 | $0 | $186,027 | $0 | $0 | $0 |
| JEFFREY SHUMWAY | ||||||||||||||
| VICE PRESIDENT OF ADVISORY | $162,559 | $0 | $14,000 | $0 | $0 | $0 | $4,886 | $0 | $18,876 | $0 | $200,321 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC | |||
| BUSINESS RELATIONSHIP | $150,000 | PROVIDE MANAGEMENT SERVICES TO SOCIAL FINANCE CT FAMILY STABILITY 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 |
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 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 OUT OF HOME PLACEMENTS 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
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 LLC | 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 | 463851533 | EIN |
| Primary Activities | INCREASE EMPLOYMENT OF THE FORMERLY INCARCERATED | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 MANAGER INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
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 | 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 | 472268563 | 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 | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| SOCIAL FINANCE CT FAMILY STABILITY 2016 LLC | ||
| L | $150,000 | FMV |
| SOCIAL FINANCE NY STATE WORKFORCE RE-ENTRY 2013 LLC | ||
| L | $50,000 | FMV |