2025-11-14T14:00:16-08:00 2024-12-31 200268717 FUOCO GROUP LLP 200 PARKWAY DR S STE 302 HAUPPAUGE NY 11788 990 2024-01-01 205124665 SEACHANGE CAPITAL PARTNERS INC SEAC 8448697842 420 Lexington Ave 300 NEW YORK NY 10170 JOHN MACINTOSH MANAGING PARTNER 2025-11-14 true true Anthony Passudetti CPA P01901048 6313601700 2024 2025-03-06 01:10:19Z 420 Lexington Ave 300 NEW YORK NY 10170 9654082 false X www.seachangecap.org X 2006 DE SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONAL CHALLENGES. WE DO THIS WITH GRANTS, LOANS, CONSULTING, AND RESEARCH TO EDUCATE NONPROFITS, FUNDERS, AND OTHER STAKEHOLDERS. SEACHANGE ALSO WORKS TO BUILD EFFECTIVE CONNECTIONS BETWEEN FUNDERS AND NONPROFITS ON THE ASSOCIATED ISSUES. 11 10 8 10 0 3584275 3057999 418953 467110 30127 195899 16773 14679 4050128 3735687 1624813 1394344 0 950588 1172093 0 35163 537058 701049 3112459 3267486 937669 468201 8914155 9803151 1436956 1551913 7477199 8251238 SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONALCHALLENGES. WE DO THIS WITH GRANTS, LOANS, CONSULTING, AND RESEARCH TO EDUCATE NONPROFITS, FUNDERS, AND OTHER STAKEHOLDERS. SEACHANGE ALSO WORKS TO BUILD EFFECTIVE CONNECTIONS BETWEEN FUNDERS AND NONPROFITS ON THE ASSOCIATED ISSUES. WE FOCUS IN FOUR AREAS:IN MERGERS AND SUSTAINED COLLABORATION, WE SUPPORT NONPROFITS THAT ALREADY HAVE ASERIOUS INTEREST IN COMING TOGETHEROR IN EXPLORING HOW THEY MIGHTBY COVERING APORTION OF THE COSTS OF EXPLORING OR COMPLETING THE TRANSACTION. WE MANAGE FOURGRANTMAKING PROGRAMSTHE SEACHANGE-LODESTAR FUND FOR NONPROFIT COLLABORATION, THE NEW YORK MERGER AND COLLABORATION FUND, THE GREATER PHILADELPHIA NONPROFIT REPOSITIONING FUND, AND THE TRANSFORMATIONAL PARTNERSHIPS FUND (WITH A FOCUS ON HIGHER EDUCATION) THAT PROVIDE FUNDING TO ENCOURAGE AND SUPPORT MERGERS, ACQUISITIONS, JOINT VENTURES, AND OTHER TYPES OF FORMAL, SUSTAINED COLLABORATIONS BETWEEN NONPROFITS. SEACHANGE IS A FOUNDIN false false 2740768 SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONAL CHALLENGES. WE DO THIS WITH GRANTS, LOANS, CONSULTING, AND RESEARCH TO EDUCATE NONPROFITS, FUNDERS, AND OTHER STAKEHOLDERS. SEACHANGE ALSO WORKS TO BUILD EFFECTIVE CONNECTIONS BETWEEN FUNDERS AND NONPROFITS ON THE ASSOCIATED ISSUES.SEACHANGE LAUNCHED IN EARLY 2008 WITH SUPPORT FROM THE BILL & MELINDA GATES FOUNDATION, OMIDYAR NETWORK, THE WILLIAM AND FLORA HEWLETT FOUNDATION, THE SURDNA FOUNDATION, GOLDMAN SACHS, AND A GROUP OF INDIVIDUAL PHILANTHROPISTS. AFTER AN INITIAL FOCUS ON EDUCATION AND YOUTH DEVELOPMENT THROUGH THE CATALYST FUND (2008-2016), SEACHANGE EXPANDED INTO SUSTAINED COLLABORATION WITH THE SEACHANGE-LODESTAR FUND FOR NONPROFIT COLLABORATION (2009-PRESENT), THE NEW YORK MERGER AND COLLABORATION FUND (NYMAC, 2012-PRESENT), THE GREATER PHILADELPHIA NONPROFIT REPOSITIONING FUND (NONPROFIT REPOSITIONING FUND, 2018-PRESENT), AND THE TRANSFORMATIONAL PARTNERSHIPS FUND (2020-PRESENT); INTO CREDIT WITH THE CONTACT FUND (2013-PRESENT), THE SEACHANGE SPECIAL IMPACT FUND LLC (SIF, 2020-PRESENT), THE NEW YORK POOLED PRI FUND (NYPRI, 2014-PRESENT), AND NEW YORK SHELTER ACQUISITION AND PREDEVELOPMENT FUND, LLC (NYSAPF, 2023-PRESENT); AND INTO IMPACT INVESTING WITH THE NEW YORK IMPACT OPPORTUNITIES FUND, LLC (2021-PRESENT). NYPRI, THE CONTACT FUND, NYSAPF, AND SIF ARE SEPARATE LEGAL ENTITIES; SEACHANGE SERVES AS THE MANAGING MEMBER OF NYPRI AND NYSAPF, AS THE SOLE MEMBER OF SIF, AND MANAGES THE CONTACT FUND PURSUANT TO A MANAGEMENT SERVICES AGREEMENT. NYMAC, THE SEACHANGE-LODESTAR FUND FOR NONPROFIT COLLABORATION, THE NONPROFIT REPOSITIONING FUND, AND THE TRANSFORMATIONAL PARTNERSHIPS FUND ARE GRANTMAKING PROGRAMS OF SEACHANGE THAT ARE REFERRED TO AS FUNDS BECAUSE EACH HAS A DISTINCT SET OF PHILANTHROPIC FUNDERS TO WHOM CERTAIN GOVERNANCE RIGHTS HAVE BEEN GRANTED. NONE OF THESE FOUR GRANTMAKING PROGRAMS ARE DISTINCT LEGAL ENTITIES. IN 2011, SEACHANGE BEGAN PROVIDING ANALYSIS AND ADVICE (I.E., CONSULTING) IN RESPONSE TO REQUESTS FROM NONPROFITS AND FUNDERS. OUR WORK WILL CONTINUE TO EVOLVE IN RESPONSE TO CHANGES IN THE ENVIRONMENT, FEEDBACK FROM THE MARKET, AND REFLECTION ON OUR ACCOMPLISHMENTS AND CHALLENGES. SEACHANGE ALSO REGULARLY RELEASES REPORTS ANALYZING MAJOR ISSUES FOR THE NONPROFIT SECTOR, AS WELL AS OPINION PIECES IN VARIOUS PUBLICATIONS.During 2024, SeaChange made grants to support 48 sustained collaboration grants: NRF (14), NYMAC (11), SC-LS (16), TPF (7) compared to 42 total grants funded in 2023. SeaChange had a staff of 8 full-time employees in 2024 and 8 in 2023. 2740768 true true false false false false false false false false true false true false true true true false false false false false false false false false false true false true false false false false false false false false false false false false true false false false false true 26 0 false 8 false false false false false false false false 0 false false false false false false false X 11 10 false false false false false false false true true false false true true true true true true true true false NY X X JOHN MACINTOSH 8448697842 420 Lexington Ave NEW YORK NY 10170 JOHN MACINTOSH MNG PARTNER 40.00 0.00 X X 209317 0 20563 TAJREENA TABASSOOM PARTNER 40.00 0.00 174859 0 17038 Lindsay Kijewski PARTNER 40.00 0.00 144948 0 13405 Minji Kim Vice President 40.00 0.00 127700 0 12089 ALEX VOLPICELLO Secretary 40.00 0.00 X X 112688 0 10168 AARON SIEGEL Trustee 1.00 0.00 X 0 0 0 MARK E REED III CHAIR 10.00 0.00 X X 0 0 0 Paulette LoMonaco Trustee 1.00 0.00 X 0 0 0 W BOWMAN CUTTER Treasurer 1.00 0.00 X X 0 0 0 GEORGIA LEVENSON KEOHANE Trustee 1.00 0.00 X 0 0 0 Stanley Richards Trustee 1.00 0.00 X 0 0 0 MARGARET CROTTY Trustee 1.00 0.00 X 0 0 0 David Ringer Trustee 1.00 0.00 X 0 0 0 Omar Rush Trustee 1.00 0.00 X 0 0 0 Lori Slutky Trustee 1.00 0.00 X 0 0 0 769512 73263 5 false true false 0 3057999 3057999 Advisory Consulting 541900 8337 8337 Management Fees 541610 458773 458773 467110 169275 169275 0 0 0 5945019 5918395 26624 26624 26624 0 0 0 LOAN INTEREST 900099 14679 14679 14679 3735687 508413 169275 1394344 1394344 0 0 0 496865 387554 94404 14907 0 510557 394006 101235 15316 88401 68581 17168 2652 0 76270 59170 14812 2288 0 398909 391006 7903 119475 119475 0 0 0 6550 6550 0 2112 2 2110 21846 461 21385 0 10271 201 10070 62291 26352 35939 0 0 0 0 1445 1445 7536 7536 MISCELLANEOUS 30438 12062 18376 PAYROLL SERVICE FEE 28003 28003 DUES AND SUBSCRIPTIONS 10486 6247 4239 Printing and Publications 1687 782 905 0 3267486 2740768 491555 35163 1603319 2554721 271146 321352 1277655 1117162 0 0 0 407335 226927 0 104376 355362 65238 65238 1445 0 3523829 3385375 0 1623300 1766401 0 101750 75851 8914155 9803151 15753 58413 1150000 1375000 271203 118500 1436956 1551913 X 2527767 2873339 4949432 5377899 7477199 8251238 8914155 9803151 468201 158018 147820 X X false true X true false X 4058011 2815625 2017874 3584275 3057999 15533784 0 0 4058011 2815625 2017874 3584275 3057999 15533784 183783 15350001 5087 2452 12051 46900 210578 277068 0 0 15810852 0.97090 0.98360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21056 21056 44182 44182 1766401 funds held for lending 118500 118500 X 4041525 158018 147820 305838 3735687 3735687 3415306 147820 147820 3267486 3267486 Part X : FIN48 Footnote SEACHANGE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT SEACHANGE HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGITION OR DISCLOSURE. true Association House of Chicago 1116 N Kedzie Ave Chicago IL 60651 30000 0 Facilitate merger between two orgs Association of Governing Boar 1666 K St NW 1200 Washington DC 20006 6650 0 Facilitate merger between two orgs Bennington College Bennington College Dr VT 05201 10000 0 Facilitate merger between two orgs Bluffton University 1 University Drive Bluffton OH 45817 6250 0 Facilitate merger between two orgs Cloud County Community Colleg 2221 Campus Dr Concordia KS 66901 13200 0 Facilitate merger between two orgs College Possible 755 Prior Ave North Ste 21 Saint Paul MN 55104 35000 0 Facilitate merger between two orgs Committee of Seventy - PMC 123 S Broad Street Suite 28 Philadelphia PA 19109 20000 0 Facilitate merger between two orgs Community Healthcare Network 60 Madison Ave 5th Floor New York NY 10010 25000 0 Facilitate merger between two orgs Cultural Vistas 1250 H Street NW Suite 300 Washington DC 20005 37500 0 Facilitate merger between two orgs Cypress Hill 3295 Fulton Street Brooklyn NY 11208 80000 0 Facilitate merger between two orgs Development Gateway 1100 13th Street NW Washington DC 20005 12000 0 Facilitate merger between two orgs Family Promise Montco PA 31 South Spring Garden Street Ambler PA 19002 15000 0 Facilitate merger between two orgs Fort Hays State University 600 Park St Hays KS 67601 34939 0 Facilitate merger between two orgs Gannon College 109 University Square Erie PA 16541 25000 0 Facilitate merger between two orgs Goddard College 123 Pitkin Rd Plainfield VT 05667 9463 0 Facilitate merger between two orgs Greater Philadelphia Coalitio 123 Chestnut Street Philadelphia PA 19106 25000 0 Facilitate merger between two orgs Higher Education Leadership F 1203 E Granf Blvd Ave 330 MArshall TX 75670 16178 0 Facilitate merger between two orgs History Co Lab Inc PO Box 610026 Newton MA 02461 23500 0 Facilitate merger between two orgs Hope for New York 1500 Broadway Suite 700 New York NY 10036 30000 0 Facilitate merger between two orgs Immigrant Rights Action 70 West Oakland Avenue Suite Doylestown PA 18901 12000 0 Facilitate merger between two orgs Judith Creed Horizons 274 South Bryn Mawr Avenue Bryn Mawr PA 19010 35000 0 Facilitate merger between two orgs Kansas Wesleyan University 100 E Claflin Avenue Salina KS 67401 38982 0 Facilitate merger between two orgs Lackawanna College 501 Vine Street Scranton PA 18509 50000 0 Facilitate merger between two orgs LEAP 535 8TH AVE 1100 NEW YORK NY 10018 12000 0 Facilitate merger between two orgs Michigan Theatre Foundation 603 East Liberty Street Ann Arbor MI 48104 20000 0 Facilitate merger between two orgs National Community Reinvestme 740 15th Street Northwest Washington DC 20005 10000 0 Facilitate merger between two orgs New Venture Fund 1828 L St NW 400-A Washington DC 20036 7500 0 Facilitate merger between two orgs NYPRI 420 Lexington Ave New York NY 10170 225000 0 Facilitate merger between two orgs Paula Langteau 118 N Raymond St Marinette WI 54143 15000 0 Facilitate merger between two orgs Peirce College 1608 Walnut Street Suite 1900 Philadelphia PA 19103 50000 0 Facilitate merger between two orgs Philadelphia Education Fund 718 ARCH STREET 700N PHILADELPHIA PA 19106 35000 0 Facilitate merger between two orgs PlayPenn 100 South Broad Street Suite Pennsylvania PA 19110 15000 0 Facilitate merger between two orgs Pottstown Cluster of Religiou 57 N Franklin Street Pennsylvania PA 19464 15000 0 Facilitate merger between two orgs Powerhouse Arts Manhattan Gra 250 W 40th Street 5th Floor New York NY 10018 20000 0 Facilitate merger between two orgs Public Justice Center 201 North Charles Street Baltimore MD 21201 10000 0 Facilitate merger between two orgs Regional Housing Legal Servic 123 S Broad Street Ste 133 Philadelphia PA 19109 10000 0 Facilitate merger between two orgs Seach for Commonground 1730 Rhode Island Ave NW Washington DC 20036 40000 0 Facilitate merger between two orgs Seddredine & Whoriskey 26 Court St 2503 Brooklyn NY 11242 19230 0 Facilitate merger between two orgs Self Help Community Services 520 Eighth Avenue 5th Floor New York NY 10018 40000 0 Facilitate merger between two orgs Southside Together Organizing 602 East 61st Street Chicago IL 60637 8000 0 Facilitate merger between two orgs The Art Effect of Hudson Vall 45 Pershing Ave Pughkeepsie NY 12601 32300 0 Facilitate merger between two orgs The University of Findlay 1000 N Main St Findlay OH 45840 6250 0 Facilitate merger between two orgs Thrive for Life Prison Projec 718 Arch Street Suite 700N Pennsylvania PA 19106 35000 0 Facilitate merger between two orgs Urban Affairs Coalition 1650 Arch Street Suite 2701 Philadelphia PA 19103 25000 0 Facilitate merger between two orgs Ursuline University 109 University Square Erie PA 16541 501(C)(3) 75000 0 Facilitate merger between two orgs Water for Good 314 S Main Street Bentonville AK 72712 19000 0 Facilitate merger between two orgs Wisconsin Watch 821 University Ave 5th Floor Madison WI 53706 13000 0 Facilitate merger between two orgs 3 44 Grantmaker's Description of How Grants are Used EACH GRANTEE AND SEACHANGE AGREE TO TERMS ABOUT SEMI-ANNUAL REPORTING BY THE GRANTEE TO SEACHANGE ABOUT THE PROGRESS OF THE GRANTEE TOWARD ITS GOALS UNDER THE GRANT. MEMBERS OF SEACHANGE'S PROGRAM TEAM MONITOR THIS PROGRESS. THEY REPORT TO THE SEACHANGE BOARD AT EACH BOARD MEETING ABOUT ONGOING USE OF GRANT FUNDS.NORMAL PROCEDURES ALSO INCLUDE REVIEW OF FINANCIALS, STAFF AND STAKEHOLDER INTERVIEWS, MULTIPLE SITE VISITS, AND AN ECOSYSTEM SURVEY. X X X false false false false false false false false false JOHN MACINTOSH MNG PARTNER 209317 19912 651 229880 Lindsay Kijewski PARTNER 144948 13026 379 158353 TAJREENA TABASSOOM PARTNER 174859 16466 572 191897 Form 990, Part VI, Section A, Line 1a IN 2024, THE BOARD OF DIRECTORS CONSISTED OF THE CHAIR AND 11 OTHER VOTING MEMBERS. THE TREASURER POSITION IS HELD BY A SEACHANGE PARTNER AND VOTING MEMBER. THE SECRETARY POSITION IS HELD BY A NON-VOTING SEACHANGE STAFF MEMBER. Form 990, Part VI, Section B, Line 11b KEY PERSONNEL COMPLETED THE COLLECTION OF DATA ON GOVERNANCE, AUDITED FINANCIALS, AND PROGRAM INFORMATION BEFORE SUBMITTING TO THE OFFICERS FOR REVIEW. THE OFFICERS MET WITH THE AUDITOR TO DISCUSS KEY ISSUES. THE CHAIR OF THE AUDIT COMMITTEE REVIEWED THE COMPLETED FINANCIALS WITH THE AUDITOR AND MET WITH THE OFFICERS TO DISCUSS KEY ISSUES.AN ELECTRONIC COPY OF THE 990 WAS SENT TO EACH MEMBER OF THE BOARD. BEFORE IT WAS FILED, EACH DIRECTOR, IN PARTICULAR THE CHAIRMAN OF THE BOARD AND THE CHAIR OF THE AUDIT COMMITTEE, AND EACH PARTNER WAS ASKED TO REVIEW THE 990 AND EITHER REQUEST CLARIFICATION OR CORRECTION OR APPROVE ITS FILING. AFTER THE 990 WAS FILED, AT THE NEXT BOARD MEETING THE 990 WAS ON THE BOARD'S AGENDA FOR DISCUSSION. Form 990, Part VI, Section B, Line 12c SEACHANGE MAINTAINS A CONFLICT OF INTEREST POLICY THAT APPLIES TO DECISIONS MADE AT BOTH THE PROGRAM AND ORGANIZATIONAL LEVELS. THESE INCLUDE MAKING A GRANT OR LOAN TO AN ORGANIZATION WITH WHICH A BOARD OR STAFF MEMBER HAS EITHER A CONFLICTING RELATIONSHIP OR WHAT COULD BE SEEN AS A CONFLICTING RELATIONSHIP, AS WELL AS ENGAGING VENDORS WITH WHOM A SIMILAR RELATIONSHIP EXISTS. THE POLICY REQUIRES ANNUAL DISCLOSURE AND SIGNATURE FROM EVERY BOARD AND STAFF MEMBER, AND WHEN A CONFLICT DOES EXIST RECUSAL IS REQUIRED. SEACHANGE ALSO MAINTAINS A WHISTLEBLOWER POLICY THAT DESIGNATES THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD AS COMPLIANCE OFFICER. THIS POLICY IS DISTRIBUTED ANNUALLY IN CONJUNCTION WITH THE CONFLICT OF INTEREST DISCLOSURE. Form 990, Part VI, Section B, Line 15a THE COMPENSATION FOR THE MANAGING PARTNER IS ESTABLISHED BY THE BOARD. THE COMPENSATION FOR ALL OTHER EMPLOYEES IS ESTABLISHED BY THE MANAGING PARTNER IN CONSULTATION WITH THE OTHER PARTNER, WITH APPROVAL FROM THE CHAIR OF THE BOARD. ALL SALARIES AND BENEFITS ARE BASED ON BENCHMARKING ABOUT COMPENSATION FOR COMPARABLE POSITIONS IN THE NONPROFIT SECTOR. Form 990, Part VI, Section C, Line 19 FINANCIAL STATEMENTS ARE AVAILABLE PUBLICLY THROUGH GUIDESTAR, ON THE ORGANIZATION'S WEBSITE, AS REQUIRED THROUGH NEW YORK STATE LAWS GOVERNING CHARITABLE ORGANIZATIONS. Form 990, Part XII, Line 2c OVERSIGHT OF THE AUDIT - THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE SPECIAL IMPACT FUND LLC 420 LEXINGTON AVENUE NEW YORK NY 10170 NY N/A false false false false false false false false false false false false false false false false false false false