Third Sector Capital Partners Inc
- Assets
- $24.9m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 70
- Location
- Boston, MA
- Founding
- 05/2014
- Data as of
- 12/2023
- EIN
- 46-1301032
Organization Overview
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 12/2023, Third Sector Capital Partners Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Third Sector Capital Partners 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, Third Sector Capital Partners Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $10.5m during the year ending 12/2023. While expenses have increased by 10.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO TRANSFORM PUBLIC SYSTEMS TO ADVANCE IMPROVED AND EQUITABLE OUTCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CT OEC 2023 RENEWAL TS SHALL PROVIDE TECHNICAL, AND CAPACITY-BUILDING SUPPORTS TO OEC TO IMPLEMENT ACTIVITIES AND PROCESSES RELATED TO FAMILY FEES, PARENT CABINET, AND ARPA/CRSSA THAT IMPROVE ACCESS, AFFORDABILITY, AND QUALITY OF THE STATE'S EARLY CARE AND EDUCATION SYSTEM.
OTHER PROGRAM SERVICES
3068 HIGH ED PHASE 3 TS WILL ASSIST IN QUALITATIVELY ASSESS METRICS & PREPARE FOR QUANTITATIVE ASSESSMENT;WORK WITH INSTITUTIONS TO EVALUATE SYSRTEMS AND DISSEMINATE FINDINGS; PROVIDE ONGOING TECHNICAL ASSISTANCEAND DEVELOP DETAILED WORK PLANS.
ARPA GOOD JOBS-RURAL TX FUNDED THROUGH THE DEPARTMENT OF COMMERCE; WE A A SUBCONTRACTOR TO WSRCA. THREE PHASES WHICH OVERLAP: SYSTEM DEVELOPMENT, PROGRAM DESIGN AND IMPLEMENTATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Whistler President & | OfficerTrustee | 40 | $300,600 |
Michele Rochester Managing Dir | Officer | 40 | $215,600 |
Tim Pennell Managing Dir | Officer | 40 | $220,600 |
Laila Bravo Managing Dir | Officer | 40 | $200,600 |
Sharolyn Miller Managing Dir | Officer | 40 | $215,600 |
Tyler Lewis Communicatio | 40 | $215,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Public Policy Institute Of Californi Rent | 12/30/22 | $322,076 |
Larnell Vickers Enterprises Recruiting | 12/30/22 | $179,550 |
Financial Statements
| 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 | $3,440,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,440,590 |
| Total Program Service Revenue | $1,971,724 |
| Investment income | $604,061 |
| 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 | $6,113,325 |
| 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. | $2,195,496 |
| Compensation of current officers, directors, key employees. | $376,903 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,536,496 |
| Pension plan accruals and contributions | $172,507 |
| Other employee benefits | $407,910 |
| Payroll taxes | $489,656 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,762 |
| Fees for services: Accounting | $29,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,256,522 |
| Advertising and promotion | $0 |
| Office expenses | $144,220 |
| Information technology | $261,872 |
| Royalties | $0 |
| Occupancy | $383,373 |
| Travel | $295,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,677 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,868 |
| Insurance | $60,748 |
| All other expenses | $0 |
| Total functional expenses | $10,462,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,255 |
| Savings and temporary cash investments | $1,922,587 |
| Pledges and grants receivable | $649,009 |
| Accounts receivable, net | $592,222 |
| 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 | $217,332 |
| Net Land, buildings, and equipment | $83,179 |
| Investments—publicly traded securities | $20,652,159 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $399,514 |
| Total assets | $24,856,257 |
| Accounts payable and accrued expenses | $315,358 |
| 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 | $398,827 |
| Total liabilities | $714,185 |
| Net assets without donor restrictions | $6,476,115 |
| Net assets with donor restrictions | $17,665,957 |
| 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 | $24,856,257 |