Social Innovation Forum Inc
- Assets
- $3.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 23
- Location
- Boston, MA
- Founding
- 06/2015
- Data as of
- 06/2022
- EIN
- 47-3923576
Organization Overview
Social Innovation Forum Inc is located in Boston, MA. The organization was established in 2015. According to its NTEE Classification (P03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Human Services and related organizations. As of 06/2022, Social Innovation Forum Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Innovation Forum 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 06/2022, Social Innovation Forum Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 11.7% 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 2020, Social Innovation Forum Inc has awarded 13 individual grants totaling $142,500. 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
THE SOCIAL INNOVATION FORUM, INC. BECAME AN INDEPENDENT 501(C)(3) ORGANIZATION IN 2015. ITS MISSION IS TO CREATE POSITIVE SOCIAL CHANGE IN GREATER BOSTON BY ENGAGING AND INFORMING FUNDERS AND INVESTORS SO THAT THEY CAN DIRECT RESOURCES MORE EFFECTIVELY WHILE ALSO EDUCATING AND SUPPORTING LEADERS OF NONPROFIT ORGANIZATIONS SO THAT THEY CAN DELIVER THE MOST EFFECTIVE SOLUTIONS TO SOCIAL ISSUES. SIF HAS CREATED A "MARKETPLACE" WHERE IT CONNECTS SOCIAL PURPOSE ORGANIZATIONS ("INNOVATORS") WITH A COMMUNITY OF INDIVIDUALS ("INVESTORS AND SUPPORTERS")WHO CAN PROVIDE FINANCIAL, TECHNICAL, AND COACHING SUPPORT, THEREBY LEVERAGING EVERY ROLE IN THE ECOSYSTEM FOR SOCIAL IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL INNOVATOR ACCELERATOR - SIF'S SIGNATURE TWO-YEAR PROGRAM ACCELERATES THE GROWTH OF SMALL- TO MID-SIZED NONPROFITS BY PROVIDING THEM WITH CONSULTING, COACHING, PRESENTATION TRAINING, AND OTHER RESOURCES TO SUPPORT THEIR GROWTH AND INCREASE THEIR IMPACT. THESE "SOCIAL INNOVATORS" CHOSEN THROUGH A RIGOROUS SELECTION PROCESS, RECEIVE ACCESS TO BENEFITS AND CASH VALUED AT MORE THAN 150,000.
CAPACITY CAMPS - IN 2016, SIF ADDED "CAPACITY CAMPS" A MORE CONDENSED PROGRAM THAT PROVIDES CUSTOMIZED SUPPORT TO GROUPS OF NONPROFITS WORKING IN A COMMON ISSUE AREA.
EDUCATION AND ENGAGEMENT FOR INVESTORS AND SUPPORTERS - SIF CREATES OPPORTUNITIES FOR PHILANTHROPISTS, BUSINESS EXECUTIVES, SKILLED VOLUNTEERS, AND OTHERS TO COME TOGETHER TO SUPPORT SOCIAL CHANGE IN GREATER BOSTON. WITH OVER 50 EVENTS HELD THROUGHOUT THE YEAR, THESE CONSTITUENCIES LEARN FROM LEADING PRACTITIONERS, DISCUSS SOCIAL ISSUES, AND ENGAGE WITH AND SUPPORT HIGH-PERFORMING ORGANIZATIONS SOLVING CHALLENGING SOCIAL ISSUES.
COWORKING AND COMMUNITY SUPPORT - SIF MANAGES A COLLABORATIVE, COMMUNITY SPACE DEDICATED TO HELPING NONPROFITS WORK PRODUCTIVELY, BUILD THEIR CAPACITY, AND BROADEN THEIR NETWORKS TO ACHIEVE SOCIAL IMPACT. MEMBERS HAVE ACCESS TO BASIC OFFICE AMENITIES AND A RANGE OF WORKSHOPS AND PROGRAMS. THE ALUMNI PROGRAM IS A NEWER INITIATIVE TO SUPPORT ORGANIZATIONS WHO HAVE COMPLETED OUR SOCIAL INNOVATOR ACCELERATOR THROUGH THEIR NEXT STAGE OF DEVELOPMENT. EARLY PROGRAMMING HAS INCLUDED COHORT BASED LEARNING AND WE ARE DEVELOPING, IN PARTNERSHIP WITH AN ALUMNI COUNCIL, AN ACCELERATOR 2.0 TO REFRESH AND ENHANCE THE SKILLS OF THE ORIGINAL PARTICIPANTS, OFFER TRAINING TO EXECUTIVE DIRECTORS NEW TO THEIR ROLES, AND SUPPORTING ORGANIZATIONS IN RESPONDING TO A NEW SET OF CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Musinsky Executive Di | Officer | 40 | $145,596 |
Vikram Punwani Treasurer | OfficerTrustee | 2 | $0 |
Katherine Gross Vice Chair | OfficerTrustee | 2 | $0 |
Weston Howland III Board Chair | OfficerTrustee | 2 | $0 |
Jordan Krasnow Clerk | OfficerTrustee | 2 | $0 |
Ryan Dings Board Member | OfficerTrustee | 2 | $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 | $2,996,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,996,681 |
| Total Program Service Revenue | $35,350 |
| Investment income | $4,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,236 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,065,540 |
| 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. | $153,958 |
| Compensation of current officers, directors, key employees. | $76,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $969,669 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,265 |
| Payroll taxes | $87,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $494,767 |
| Advertising and promotion | $24 |
| Office expenses | $33,692 |
| Information technology | $51,803 |
| Royalties | $0 |
| Occupancy | $152,730 |
| Travel | $1,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,005 |
| Insurance | $6,663 |
| All other expenses | $3,907 |
| Total functional expenses | $2,119,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,084 |
| Savings and temporary cash investments | $2,055,797 |
| Pledges and grants receivable | $729,513 |
| 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 | $25,033 |
| Net Land, buildings, and equipment | $14,113 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,519 |
| Total assets | $3,040,059 |
| Accounts payable and accrued expenses | $93,490 |
| 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 | $93,490 |
| Net assets without donor restrictions | $988,584 |
| Net assets with donor restrictions | $1,957,985 |
| 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 | $3,040,059 |
Grants Awarded
Over the last fiscal year, Social Innovation Forum Inc has awarded $92,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS ORGANIZATIONS UNDER 5000 PURPOSE: CONSULTING | $22,500 |
Boston, MA PURPOSE: CONSULTING | $10,000 |
Boston, MA PURPOSE: CONSULTING | $10,000 |
Cambridge, MA PURPOSE: CONSULTING | $10,000 |
Jamaica Plain, MA PURPOSE: CONSULTING | $10,000 |
Boston, MA PURPOSE: CONSULTING | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Social Innovation Forum Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Hearthstone Charitable Foundation Moultonborough, NH PURPOSE: HUMANITARIAN | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Social Innovation Forum Inc Boston, MA | $3,040,059 | $3,065,540 |
Massachusetts Council Of Human Services Providers Inc Framingham, MA | $5,679,255 | $2,568,602 |
National Alliance For Direct Support Professionals Inc Albany, NY | $286,191 | $880,431 |
Hospice And Palliative Care Association Of New York State Inc Albany, NY | $945,386 | $587,614 |
Human Service Forum Holyoke, MA | $226,746 | $360,353 |
Financial Planning Association Woodbury, NY | $50,584 | $0 |
Off The Record Forum Inc New York, NY | $40,603 | $0 |
Yoga Service Council Inc Rochester, NY | $74,360 | $0 |
Contemporary Credit Club Ii Inc New York, NY | $58,588 | $34,441 |
Financial Planning Association Fairport, NY | $37,322 | $0 |
Korean Association Of Rhode Island Cranston, RI | $229,377 | $0 |
Financial Planning Association Pleasantville, NY | $27,536 | $0 |