Social Venture Partners Chicago
- Assets
- $216.5k
- Revenue
- $492.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 02/2016
- Data as of
- 06/2022
- EIN
- 47-2773304
Organization Overview
Social Venture Partners Chicago is located in Chicago, IL. The organization was established in 2016. 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. As of 06/2022, Social Venture Partners Chicago employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Venture Partners Chicago 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 06/2022, Social Venture Partners Chicago generated $492.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $445.5k during the year ending 06/2022. While expenses have increased by 5.6% per year over the past 6 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.
Since 2017, Social Venture Partners Chicago has awarded 36 individual grants totaling $645,100. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL VENTURE PARTNERS CHICAGO ACCELERATES THE POSITIVE COMMUNITY CHANGE CHAMPIONED BY INNOVATIVE NON-PROFITS THROUGH ENGAGED INVESTING TO BUILD THEIR CAPACITY AND IMPACT. THE BREADTH, DEPTH AND WILLINGNESS OF OUR PARTNERS TO ENGAGE WITH NON PROFITS AND TO LEARN FROM EACH OTHER AND THOSE WE SUPPORT IS CRITICAL TO THE PARTNERSHIP AND OUR COLLECTIVE IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAST PITCH IS A FREE TWO-MONTH COMMUNICATION SKILLS BUILDING PROGRAM AND COMPETITION FOR INNOVATIVE NON-PROFITS IN GREATER CHICAGOLAND. THE PROGRAM EQUIPS NON-PROFIT LEADERS TO COMMUNICATE THEIR STORY POWERFULLY AND CONNECTS THEM WITH LEADERS OF THE BUSINESS AND CIVIC COMMUNITIES WHO CAN HELP THEM CREATE SIGNIFICANT COMMUNITY IMPACT.
SOCIAL VENTURE PARTNERS CHICAGO SELECTS INNOVATIVE CHICAGOLAND NON-PROFITS TO SUPPORT WITH A COMBINATION OF FINANCIAL GRANTS (FOR GENERAL OPERATING SUPPORT) PLUS CONTRIBUTIONS OF TIME AND TALENT BY SOCIAL VENTURE PARTNERS TO BUILD THEIR ORGANIZATIONAL CAPACITY. OUR FOCUS IS ON CAPACITY BUILDING SO THESE NONPROFITS CAN SCALE THIER SOCIAL IMPACT, HELPING THEM WITH STRTEGIC PLANNING,BOARD DEVELOPMENT AND GOVERNANCE, ORGANIZATIONAL DESIGN, AND OTHER ORGANIZATIONAL-BUILDING WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evelyn Fitzgerald Executive Director | Officer | 40 | $80,618 |
Cindy Paulauskas Chair | OfficerTrustee | 20 | $0 |
Jim Marion Secretary | OfficerTrustee | 20 | $0 |
Terra Winston Director | Trustee | 20 | $0 |
Melissa Hamilton Director | Trustee | 20 | $0 |
Kate Coleman Director | Trustee | 20 | $0 |
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 | $414,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $414,820 |
| Total Program Service Revenue | $77,640 |
| Investment income | $39 |
| 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 | $492,499 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $107,448 |
| 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. | $80,619 |
| Compensation of current officers, directors, key employees. | $10,584 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,637 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,491 |
| Payroll taxes | $17,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,159 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,962 |
| Advertising and promotion | $2,507 |
| Office expenses | $3,810 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $460 |
| Travel | $756 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,280 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,457 |
| All other expenses | $0 |
| Total functional expenses | $445,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,628 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,050 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $44,827 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $216,505 |
| Accounts payable and accrued expenses | $1,500 |
| 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 | $4,059 |
| Total liabilities | $5,559 |
| Net assets without donor restrictions | $210,946 |
| 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 | $216,505 |
Grants Awarded
Over the last fiscal year, Social Venture Partners Chicago has awarded $100,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TRUE STAR FOUNDATION PURPOSE: GENERAL OPERATIONS | $25,000 |
LADIES OF VIRTUE PURPOSE: GENERAL OPERATIONS | $10,000 |
FIREHOUSE COMMUNITY ARTS CENTER PURPOSE: GENERAL OPERATIONS | $10,000 |
BLACK UNITED FUND OF IL PURPOSE: GENERAL OPERATIONS | $10,000 |
IMAGINE ENGLEWOOD IF PURPOSE: GENERAL OPERATIONS | $10,000 |
BREAKTHROUGH PURPOSE: GENERAL OPERATIONS | $25,000 |