Pittsburgh Social Venture Partners, operating under the name Social Venture Partners- Pittsburgh, is located in Pittsburgh, PA. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Venture Partners- Pittsburgh 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 12/2022, Social Venture Partners- Pittsburgh generated $31.3k 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 (21.9%) each year. All expenses for the organization totaled $40.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A PHILANTHROPIC ORGANIZATION CONSISTING OF A DIVERSE NETWORK OF INDIVIDUALS WHO INVEST THEIR TIME, EXPERTISE AND CAPITAL IN ACCELERATING THE SOCIAL IMPACT MADE BY NONPROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FULL CIRCLE PROGRAM OUR MODEL - FULL CIRCLE - IS PITTSBURGH'S IMPACT ACCELERATOR FOR NONPROFIT ORGANIZATIONS. ENTERING 2020, WE EXPECTED FULL CIRCLE TO RUN TWO COHORT GROUPS OF NONPROFIT ORGANIZATIONS DURING THE YEAR, AS WE DID IN 2019. HOWEVER, DUE TO THE ONSET OF THE COVID-19 PANDEMIC, IN 2020, WE DID NOT FIELD ANY NONPROFIT COHORTS. AS WE ENTERED 2021, GIVEN THE ONGOING COVID-19 PANDEMIC, WE DID NOT KNOW WHETHER WE WOULD BE ABLE TO FIELD ANY NONPROFIT COHORTS. HOWEVER, AS THE YEAR PROGRESSED AND AS THE CIRCUMSTANCES SURROUNDING THE PANDEMIC CONTINUED TO EVOLVE, WE ULTIMATELY FIELDED TWO COHORTS, IN WHICH NONPROFIT PARTICIPANTS WERE PAIRED WITH TEAMS OF PSVP PARTNERS WHO SERVED AS EXECUTIVE COACHES, WORKING DIRECTLY WITH EACH NONPROFIT THROUGHOUT THE PROCESS. THE PSVP PARTNERS' TIME AND EFFORTS COACHING THE NONPROFITS WERE ENTIRELY VOLUNTARY. THE FULL CIRCLE PROGRAM MANAGER AND THE BOARD OF DIRECTORS ORGANIZED THE COACHING TEAMS, COORDINATED PROGRAMMING WITH THE NONPROFITS AND RAN THE WORKSHOPS. EACH COHORT CULMINATED WITH A PITCH EVENT, AFTER WHICH POINT A NONPROFIT RECEIVED A FINANCIAL GRANT (SO LONG AS WE RECEIVED, IN ADVANCE, CERTAIN REQUIRED INFORMATION AND DOCUMENTATION). THE FEEDBACK THAT WE HAVE RECEIVED THROUGH SURVEYS WITH THE FULL CIRCLE NONPROFITS AND PSVP PARTNERS WHO HAVE BEEN EXECUTIVE COACHES HAS BEEN POSITIVE. THE PARTICIPATING NONPROFITS CREDIT THE TAKEAWAYS FROM THE PROGRAM AS KEY AIDS IN GAINING NEW FUNDING, IMPROVING THEIR MESSAGING TO THE PUBLIC AND TO THEIR STAKEHOLDERS AS WELL AS IMPROVING THEIR OVERALL SUSTAINABILITY. WHILE WE HAVE RECEIVED POSITIVE FEEDBACK ON PRIOR YEARS' PROGRAMMING, WE STRIVE TO ATTEMPT TO PROVIDE DEEPER INVOLVEMENT AND DEVELOPING SKILLS TO A WIDER RANGE AND MORE-DIVERSE SET OF ORGANIZATIONS EACH YEAR. AS PART OF THE PROGRAM, THE BREADTH OF SKILL-BUILDING (I.E., NOT SIMPLY PITCH EVENTS, BUT WORKSHOPS ON FINANCIAL SUSTAINABILITY AND RESOURCE MAPPING) ALLOWS MORE OF THE PSVP PARTNERS TO USE BROADER SETS OF THEIR SKILLS AND EXPERIENCE. THE WORKSHOP-STYLE SESSIONS GIVE PSVP PARTNERS THE OPPORTUNITY TO INTERACT AND CONNECT WITH MULTIPLE NONPROFITS AS WELL AS WITH EACH OTHER. SEVERAL PSVP PARTNERS HAVE CONTINUED THEIR WORK WITH THEIR NONPROFITS AFTER THE PROGRAMS HAVE ENDED (FOR EXAMPLE, BY JOINING THE NONPROFIT'S BOARD OR VOLUNTEERING IN OTHER WAYS). IN 2022, FULL CIRCLE WAS ABLE TO RETURN TO IN-PERSON PROGRAMMING FOR ALL EVENTS (PROGRAM WAS CONDUCTED ONLINE ONLY DURING PANDEMIC SHUTDOWN). WE ALSO BEGAN OUTREACH INCLUDING A SOCIAL EVENT TO POTENTIAL NEW PARTNERS FOR SVP TO INCREASE PARTICIPATION AND ENSURE FINANCIAL SUSTAINABILITY. SVP ALSO CONDUCTED FOCUS GROUPS AND INDIVIDUAL INTERVIEWS WITH PAST FELLOWS AND PROSPECTIVE PARTNERS TO GET INFORMATION THAT HELPS US PLAN FOR FUTURE PROGRAMMING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charlie Dolan Board Member | Trustee | 2 | $0 |
Eileen Forrester Board Member | Trustee | 2 | $0 |
John Mahood Board Member | Trustee | 2 | $0 |
Kaitlin Mansfield Board Member | Trustee | 2 | $0 |
Max Rieck Board Member | Trustee | 2 | $0 |
Ben Utter Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $30,035 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $30,035 |
Total Program Service Revenue | $1,257 |
Investment income | $4 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $31,296 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,235 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,740 |
All other expenses | $1,189 |
Total functional expenses | $40,045 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $47,990 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,016 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $49,006 |
Accounts payable and accrued expenses | $10,500 |
Grants payable | $0 |
Deferred revenue | $2,000 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $12,500 |
Net assets without donor restrictions | $36,506 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $49,006 |
Over the last fiscal year, Pittsburgh Social Venture Partners has awarded $30,000 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
HOMEWOOD CHILDREN'S VILLAGE PURPOSE: PROGRAMMATIC SUPPORT | $15,000 |
THREE RIVERS MOTHERS' MILK BANK PURPOSE: PROGRAMMATIC SUPPORT | $7,500 |
ALLEGHENY YOUTH DEVELOPMENT PURPOSE: PROGRAMMATIC SUPPORT | $7,500 |