Social Venture Partners
- Assets
- $867.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Seattle, WA
- Founding
- 11/2002
- Data as of
- 09/2021
- EIN
- 91-1894424
Organization Overview
Social Venture Partners, operating under the name Social Venture Partners Seattle, is located in Seattle, WA. The organization was established in 2002. 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 09/2021, Social Venture Partners Seattle employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Venture Partners Seattle 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 09/2021, Social Venture Partners Seattle generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $1.2m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Social Venture Partners Seattle has awarded 198 individual grants totaling $6,022,853. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL VENTURE PARTNERS SEATTLE (SVP) ENVISIONS OUR REGION FLOURISHING, WITH EVERYONE THRIVING REGARDLESS OF RACE OR INCOME. HOWEVER, SYSTEMIC BARRIERS AND INEQUITABLE ALLOCATION OF RESOURCES ARE LIMITING OUR FELLOW COMMUNITY MEMBERS ABILITY TO ACHIEVE THEIR POTENTIAL. SVP SEEKS TO FOSTER A PHILANTHROPIC AND NONPROFIT SECTOR THAT HAS THE STRENGTH AND RESOURCES TO ADDRESS SYSTEMIC ISSUES RELATED TO RACIAL EQUITY IN SVPS CORE ISSUE AREAS BY (1) BUILDING A COMMUNITY OF ENGAGED AND EDUCATED PHILANTHROPISTS WHO UNDERSTAND THEIR ROLE IN CREATING AN EQUITABLE COMMUNITY, HELPING THEM MAKE THE GREATEST IMPACT WITH THEIR PHILANTHROPIC GIVING; (2) BUILDING THE CAPACITY OF THE LEADERS AND ORGANIZATIONS DOING THE HARD WORK OF ADDRESSING SYSTEMIC ISSUES; AND (3) INCREASING COLLABORATION - DOING MORE TOGETHER THAN WE CAN DO ALONE WHILE LEVERAGING BEST PRACTICES AND SHARING POWER.PARTNERS ARE AT THE CORE OF SVP. THEY JOIN BY MAKING A MINIMUM ANNUAL CONTRIBUTION. THESE AND OTHER CONTRIBUTED FUNDS ARE P
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPY DEVELOPMENT: PROVIDE WORKSHOPS, SEMINARS AND EXPERIENTIAL LEARNING OPPORTUNITIES FOR INDIVIDUALS IN ORDER TO: A) INCREASE THEIR USE OF STRATEGIC GIVING STRATEGIES; B) INCREASE ENGAGEMENT IN THEIR COMMUNITIES; C) INCREASE THEIR AMOUNT OF GIVING. LEARNING AREAS INCLUDE GRANTMAKING, VOLUNTEERING, CULTURAL COMPETENCY, ISSUES, VALUES AND INTEGRATION, NONPROFIT SECTOR, AND FINANCIAL PLANNING AND GIVING VEHICLES.
CAPACITY BUILDING: HELP NON-PROFITS TO BE AS EFFECTIVE AS POSSIBLE IN DELIVERING THEIR PROGRAMS AND SERVICES BY HELPING TO BUILD THEIR ORGANIZATIONAL CAPACITY. SVP DEFINES ORGANIZATION CAPACITY BUILDING AS THE DEVELOPMENT OF CORE SKILLS, MANAGEMENT PRACTICES, STRATEGIES AND SYSTEMS TO ENHANCE AN ORGANIZATION'S EFFECTIVENESS, SUSTAINABILITY, AND ABILITY TO FULFILL ITS MISSION. SVP SUPPORTS CAPACITY BUILDING FOR ITS INVESTEES BY PROVIDING CASH GRANTS, SKILLED VOLUNTEERS, PROFESSIONAL CONSULTANTS, LEADERSHIP DEVELOPMENT AND MANAGEMENT TRAINING OPPORTUNITIES.
STATEWIDE CAPACITY COLLABORATION: SVP SEATTLE ACTS AS THE CONVENER AND FACILITATOR OF A GROUP OF GRANT MAKERS THAT WORK TO ALIGN, COLLABORATE, STRATEGIZE, AND POOL FUNDS TO SUPPORT AND STRENGTHEN THE CAPACITY OF NONPROFITS AND THE STATEWIDE SYSTEM THAT SUPPORTS NONPROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emiko Atherton Executive Dir. | Officer | 40 | $76,483 |
Robert Woods Chair | OfficerTrustee | 10 | $0 |
Christine Chang Secretary | OfficerTrustee | 10 | $0 |
Debbie Newell Treasurer | OfficerTrustee | 10 | $0 |
Ruby Love Vice Chair | OfficerTrustee | 10 | $0 |
Jonathan Kauffman Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $149,363 |
| All other contributions, gifts, grants, and similar amounts not included above | $996,983 |
| Noncash contributions included in lines 1a–1f | $84,247 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,146,346 |
| Total Program Service Revenue | $0 |
| Investment income | $676 |
| 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 | $1,149,222 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $285,000 |
| 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. | $174,321 |
| Compensation of current officers, directors, key employees. | $50,916 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $331,977 |
| Pension plan accruals and contributions | $13,915 |
| Other employee benefits | $34,444 |
| Payroll taxes | $41,437 |
| Fees for services: Management | $139,859 |
| Fees for services: Legal | $369 |
| Fees for services: Accounting | $40,981 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $105 |
| Office expenses | $16,130 |
| Information technology | $26,858 |
| Royalties | $0 |
| Occupancy | $8,134 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,562 |
| Interest | $0 |
| Payments to affiliates | $24,732 |
| Depreciation, depletion, and amortization | $2,641 |
| Insurance | $924 |
| All other expenses | $0 |
| Total functional expenses | $1,213,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $517,906 |
| Savings and temporary cash investments | $142,864 |
| Pledges and grants receivable | $184,854 |
| 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 | $15,615 |
| Net Land, buildings, and equipment | $6,346 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $867,585 |
| Accounts payable and accrued expenses | $63,304 |
| Grants payable | $0 |
| Deferred revenue | $17,610 |
| 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 | $149,703 |
| Unsecured mortgages and notes payable | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $330,617 |
| Net assets without donor restrictions | $94,395 |
| Net assets with donor restrictions | $442,573 |
| 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 | $867,585 |
Grants Awarded
Over the last fiscal year, Social Venture Partners has awarded $267,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: General Operating | $50,000 |
Sunnyside, WA PURPOSE: General Operating | $30,000 |
Yakima, WA PURPOSE: General Operating | $30,000 |
Yakima, WA PURPOSE: General Operating | $25,000 |
Wapato, WA PURPOSE: General Operating | $25,000 |
Yakima, WA PURPOSE: General Operating | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Social Venture Partners has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Mao Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tisbest Philanthropy Seattle, WA | $1,169,318 | $11,028,187 |
Omprakash Inc Seattle, WA | $1,303,902 | $8,335,902 |
Momsrising Education Fund Bellevue, WA | $13,735,648 | $12,363,267 |
Community In Action Ontario, OR | $2,870,959 | $6,588,152 |
Tsf Services Seattle, WA | $41,582 | $5,196,264 |
Invested Renton, WA | $10,800,874 | $5,096,103 |
Malaria No More Fund Seattle, WA | $7,196,882 | $3,765,133 |
Emergency Feeding Program Of Seattle & King County Renton, WA | $889,754 | $3,848,246 |
Seattle International Foundation Seattle, WA | $3,557,476 | $2,971,233 |
Arctic Slope Community Foundation Anchorage, AK | $12,635,878 | $4,961,869 |
Morning Star Foundation Spokane, WA | $12,059,803 | $675,586 |
Kaiser Borsari Educational Foundation Bellingham, WA | $10,206,898 | $1,033,814 |