Third Sector Capital Partners Inc

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 12/2019, 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.

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Board Of Trustees Leland Stanford Jr Uni
Data Analytics
$300,189
Big Marketing And Communications Inc
Messaging And Concept, Creative Retainer
$167,500
Aisp
Technical Assessment
$723,916
View All Vendors

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Third Sector Capital Partners Inc has recieved totaling $4,689,000.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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