Social Ventures Inc
- Assets
- $329.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 06/1999
- Data as of
- 12/2023
- EIN
- 16-1564690
Organization Overview
Social Ventures Inc is located in Ithaca, NY. The organization was established in 1999. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Ventures Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Social Ventures Inc generated $109.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $85.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Social Ventures Inc has awarded 17 individual grants totaling $381,320. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEEK SOCIAL JUSTICE BY ADDRESSING PROBLEMS THAT ARISE FROM POVERTY, RACISM, SEXISM, AND SIMILAR ISSUES, AND BY INCREASING OPPORTUNITIES FOR DISADVANTAGED PEOPLE
Describe the Organization's Program Activity:
Part 3
COMMUNITY UNITY MUSIC EDUCATION PROGRAM CUMEP IS A FREE 6-WEEK SUMMER CAMP AT SOUTHSIDE COMMUNITY CENTER FOR 60 CHILDREN AGED 4-18, FILLED WITH MUSIC, VIDEO PRODUCTION, DANCE, CREATIVE WRITING AND HUMAN RIGHTS EDUCATION.
VOTING EDUCATION PROJECT - PROVIDES EDUCATIONAL RESOURCES AIMED AT CHANGING VOTING CULTURE IN THE USA FROM A CHORE TO A JOYFUL CELEBRATION. NO INVOLVEMENT IN ELECTORAL PARTIES, ENDORSEMENT, OR AFFILIATION WITH PARTISAN GROUPS.
FARMWORKERS PROJECT - ADDRESSES EMERGENCY NEEDS OF UNDOCUMENTED FARM WORKERS IN UPSTATE NY, MAKES EDUCATIONAL EFFORTS TO PROTECT THEIR LEGAL RIGHTS, HOLDS TRAININGS AND OFFERS ADVOCACY AS WELL AS HUMANITARIAN GRANTS AID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Furman President | 25 | $0 | |
Sara Hess Secretary/treasurer | 10 | $0 | |
Leni Hochman Community Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,659 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $109,159 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,928 |
| Occupancy, rent, utilities, and maintenance | $1,870 |
| Printing, publications, postage, and shipping | $46 |
| Other expenses | $38,314 |
| Total expenses | $85,621 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $329,668 |
| Other assets | $0 |
| Total assets | $329,668 |
| Total liabilities | $0 |
| Net assets or fund balances | $329,668 |
Grants Awarded
Over the last fiscal year, Social Ventures Inc has awarded $76,789 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY UNITY MUSIC EDUCATION PROGRAM | | | $24,000 |
VOTING EDUCATION PROJECT | | | $13,188 |
COMPASSION HARP | | | $8,059 |
MS HARMONY'S DANCE STUDIO | | | $21,542 |
JEWISH VOICE FOR PEACE | | | $5,000 |
OAKLAND INSTITUTE | | | $5,000 |