Third Sector Capital Partners Inc is located in Boston, MA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Third Sector Capital Partners Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Third Sector Capital Partners Inc generated $11.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $8.0m during the year ending 12/2019. While expenses have increased by 14.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCELERATE THE TRANSITION TO A PERFORMANCE DRIVEN SOCIAL SECTOR THROUGH THE DEVELOPMENT OF PAY FOR SUCCESS CONTRACTS THAT WILL MEASURABLY IMPROVE THE LIVES OF THOSE MOST IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIF EMPOWERING FAMILIES: THIRD SECTOR PARTNERED WITH SIX STATE AND LOCAL GOVERNMENT AGENCIES WITH THE GOAL OF DEMONSTRATING HOW GOVERNMENT AGENCIES COULD ALIGN TWO-GENERATIONAL SOCIAL SERVICES TO OUTCOMES USING STRATEGIES SUCH AS INNOVATIVE CONTRACTS AND DATA SHARING AGREEMENTS. THROUGH THE EMPOWERING FAMILIES INITIATIVE, AGENCIES IN FLORIDA, COLORADO, CONNECTICUT, IOWA, MASSACHUSETTS, AND NORTH CAROLINA BENEFITED FROM A NATIONAL LEARNING COMMUNITY WITH A MIX OF VIRTUAL AND IN-PERSON CONVENING'S. SITES ALSO RECEIVED TWO YEARS OF TECHNICAL ASSISTANCE FROM THIRD SECTOR ON OUTCOMES-BASED CONTRACTING STRATEGIES AND ACTIONABLE INTELLIGENCE FOR SOCIAL POLICY (AISP) PROVIDED SUPPORT IN DEVELOPING INTEGRATED DATA SYSTEMS.
SIF STANFORD:THIRD SECTOR CAPITAL PARTNERS HAS A $3 MILLION PARTNERSHIP WITH THE STANFORD CENTER ON POVERTY AND INEQUALITY (STANFORD), THE SOCIAL INNOVATION FUND (SIF), AND THE BALLMER GROUP TO CREATE SOCIAL SERVICES PROGRAMS THAT BETTER USE DATA TO IMPROVE LIFE OUTCOMES OF THE PEOPLE THEY SERVE. THE PARTNERSHIP, KNOWN AS THE ADMINISTRATIVE DATA PILOT (ADP), CENTERS ON THIRD SECTOR AND STANFORD PROVIDING TECHNICAL ASSISTANCE TO THREE GOVERNMENT AGENCIES OVER THE COURSE OF A TWO-AND-A-HALF-YEAR AWARD PERIOD. THE THREE GOVERNMENT AGENCIES WHO WERE SELECTED FOR ADP VIA A RIGOROUS COMPETITION ARE: SANTA CRUZ COUNTY HUMAN SERVICES DEPARTMENT, COUNTY OF SAN DIEGO HEALTH AND HUMAN SERVICES AGENCY, AND THE WASHINGTON STATE DEPARTMENT OF CHILDREN, YOUTH, AND FAMILIES. THIS JOINT EFFORT INTEGRATES THIRD SECTOR'S EXPERTISE IN OUTCOMES CONTRACTING, CONTINUOUS IMPROVEMENT PROCESSES, AND QUALITATIVE DATA GATHERING WITH STANFORD'S EXPERTISE IN ACCESSING ADMINISTRATIVE DATA SETS AND ANALYZING QUANTITATIVE DATA FROM THEM. THIRD SECTOR HAS WORKED WITH EACH OF THE THREE AGENCIES TO LEVERAGE QUALITATIVE AND QUANTITATIVE DATA TO CREATE CONTRACTS THAT ARE MORE FOCUSED ON OUTCOMES AND TO CREATE SYSTEMS FOR CONTINUOUSLY IMPROVING OUTCOMES OVER TIME (USING DEDICATED STAKEHOLDER ENGAGEMENT, AMONG OTHER TOOLS). THIRD SECTOR CONVENED THE ADP LEARNING COMMUNITY QUARTERLY TO DISCUSS CORE COMPONENTS OF AN OUTCOMES ORIENTATION AND TO ALLOW THE AGENCIES TO SHARE BEST PRACTICES. THE PROGRAM ENDED IN SEPTEMBER 2019.
WA STATE: DEPARTMENT OF CHILDREN, YOUTH AND FAMILIES:THIRD SECTOR, IN PARTNERSHIP WITH BALLMER GROUP, WORKED ALONGSIDE WASHINGTON DEPARTMENT OF CHILDREN, YOUTH, AND FAMILIES (DCYF) STAFF TO IMPLEMENT PERFORMANCE-BASED CONTRACTING (PBC) STANDARDS ACROSS THE AGENCY'S MORE THAN 1,200 CONTRACTS FOR CLIENT SERVICES, REPRESENTING APPROXIMATELY $1B IN BIENNIAL SPENDING. THIRD SECTOR WORKED WITH DCYF TO USE CONTRACTOR PERFORMANCE DATA TO IMPROVE SERVICES FOR CLIENTS AND ACHIEVE IMPROVED OUTCOMES FOR COMMUNITIES. THROUGHOUT THE TWO AND A HALF YEAR PROJECT, THIRD SECTOR PROVIDED TECHNICAL ASSISTANCE TO HELP DCYF (I) DEVELOP THE STRATEGIC VISION, METHODOLOGY, AND GOVERNANCE STRUCTURES FOR AGENCY-WIDE IMPLEMENTATION OF PBC, (II) ASSIST OVER 450 CONTRACTS, SERVING 55,000 CLIENTS TO ADOPT PBC, INCLUDING SUPPORT FOR QUANTITATIVE DATA ANALYSIS, STAKEHOLDER ENGAGEMENT, CREATION OF PERFORMANCE TARGETS & INCENTIVE STRUCTURES AND BUILDING CONTINUOUS IMPROVEMENT PROCESSES, AND (III) DEVELOP RESOURCES AND STRATEGIC COMMUNICATIONS TO SUPPORT THE AGENCY-WIDE TRANSITION TO PBC, INCLUDING A TRAINING CURRICULUM FOR DCYF STAFF.
OTHER PROGRAM SERVICES THAT FALL WITHIN OUR MISSION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Caroline Whistler CEO And Co-Founder | OfficerTrustee | 40 | $285,858 |
Kristel Kurtz Managing Director & Treasurer | Officer | 40 | $201,125 |
Brian Beachkofski Former Managing Director & Treas | Officer | 40 | $197,596 |
Debra Soloman Director | 40 | $140,850 | |
Yelena Danziger General Counsel & Director | Officer | 33 | $139,121 |
Thomas Novak Director Of Finance | 40 | $130,624 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Board Of Trustees Leland Stanford Jr Uni Data Analytics | 12/30/19 | $300,189 |
Big Marketing And Communications Inc Messaging And Concept, Creative Retainer | 12/30/19 | $167,500 |
Aisp Technical Assessment | 12/30/19 | $723,916 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $258,133 |
All other contributions, gifts, grants, and similar amounts not included above | $9,922,123 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $10,180,256 |
Total Program Service Revenue | $1,473,529 |
Investment income | $49,194 |
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 | $11,702,979 |
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. | $899,638 |
Compensation of current officers, directors, key employees. | $242,837 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,098,854 |
Pension plan accruals and contributions | $182,000 |
Other employee benefits | $256,494 |
Payroll taxes | $373,167 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $38,246 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $773,863 |
Advertising and promotion | $0 |
Office expenses | $116,379 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $534,675 |
Travel | $494,853 |
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 | $8,991 |
Insurance | $31,781 |
All other expenses | $162,546 |
Total functional expenses | $7,971,487 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,804,932 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $4,243,951 |
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 | $83,886 |
Net Land, buildings, and equipment | $18,764 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $84,861 |
Total assets | $9,236,394 |
Accounts payable and accrued expenses | $446,584 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $446,584 |
Net assets without donor restrictions | $3,376,113 |
Net assets with donor restrictions | $5,413,697 |
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 | $9,236,394 |
Over the last fiscal year, we have identified 6 grants that Third Sector Capital Partners Inc has recieved totaling $4,689,000.
Awarding Organization | Amount |
---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: PUBLIC SERVICES | $3,975,000 |
Annie E Casey Foundation Baltimore, MD PURPOSE: SUPPORT RAPID CYCLE DESIGN AND ASSESSMENT APPLYING EVIDENCE-BASED MODELS TO YOUTH AND YOUNG ADULT LEARNERS WITH LITERACY, LANGUAGE AND NUMERACY BARRIERS | $214,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $200,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $200,000 |
Annie E Casey Foundation Baltimore, MD PURPOSE: SUPPORT TO DEVELOP OUTCOME-BASED FUNDING FOR YOUNG FAMILIES | $50,000 |
Annie E Casey Foundation Baltimore, MD PURPOSE: SUPPORT TO DEVELOP OUTCOME-BASED FUNDING FOR YOUNG FAMILIES | $50,000 |
Organization Name | Assets | Revenue |
---|---|---|
Buffalo Civic Auto Ramps Inc Buffalo, NY | $1,295,027 | $8,289,384 |
Third Sector Capital Partners Inc Boston, MA | $9,236,394 | $11,702,979 |
National Standards Authority Of Ireland Inc Nashua, NH | $7,440,232 | $8,610,533 |
Data & Society Research Institute New York, NY | $10,964,763 | $6,459,971 |
Marxe Family Foundation Inc New York, NY | $14,026,419 | $1,978,930 |
Greater Syracuse Property Development Corporation Syracuse, NY | $6,042,694 | $3,813,121 |
Bend The Arc Jewish Action Inc New York, NY | $3,102,192 | $4,120,102 |
Build Commonwealth Inc Boston, MA | $9,946,582 | $11,363,097 |
East Mid-Manhattan District Management Association Inc New York, NY | $2,986,970 | $3,548,973 |
New York 811 Inc Bohemia, NY | $3,788,269 | $3,136,091 |
Boston Public Market Boston, MA | $11,582,740 | $1,737,815 |
Worcester Community Housing Resources Inc Worcester, MA | $25,637,653 | $2,075,356 |