Social Venture Partners Mn
- Assets
- $167.0k
- Revenue
- $327.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Minneapolis, MN
- Founding
- 04/2011
- Data as of
- 12/2022
- EIN
- 03-0612359
Organization Overview
Social Venture Partners Mn is located in Minneapolis, MN. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Social Venture Partners MN employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Venture Partners MN 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 12/2022, Social Venture Partners MN generated $327.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $339.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Social Venture Partners MN has awarded 30 individual grants totaling $660,500. 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
SOCIAL VENTURE PARTNERS MINNESOTA PROVIDES GRANTS TO YOUTH-SERVING PROJECTS AND PROVIDES COLLABORATIVE CONSULTING ON CAPACITY BUILDING PROJECTS SO THAT THE ORGANIZATIONS CAN MAKE A GREATER IMPACT WITH THE YOUTH THEY SERVE AND FOR THE COMMUNITY. WE ALSO PROVIDE EDUCATION, TRAINING AND SUPPORT FOR OUR DONOR PARTNERS SO THAT THEY CAN BECOME MORE EFFECTIVE CONSULTANTS AND PHILANTHROPISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT MAKING: SOCIAL VENTURE PARTNERS MINNESOTA PROVIDES GRANTS TO YOUTH-SERVING PROJECTS AND PROVIDES COLLABORATIVE CONSULTING ON CAPACITY BUILDING PROJECTS SO THAT THE ORGANIZATIONS CAN MAKE A GREATER IMPACT WITH THE YOUTH THEY SERVE AND FOR THE COMMUNITY. WE ALSO PROVIDE A COHORT PEER-LEARNING MODEL FOR THE EXECUTIVE DIRECTORS FOR OUR CURRENT AND ALUMNI INVESTEE ORGANIZATIONS
PARTNER EDUCATION AND SUPPORT: WE PROVIDE EDUCATION, TRAINING AND SUPPORT FOR OUR DONOR PARTNERS SO THAT THEY CAN BECOME MORE EFFECTIVE CONSULTANTS AND PHILANTHROPISTS. WE ALSO HAVE A COHORT PEER-LEARNING MODEL FOR OUR LEAD PARTNERS WHO WORK ON THE IMPACT TEAMS WITH THE INVESTEE ORGANIZATIONS.
SVP MN HAS STARTED A YOUTH LEADERSHIP PROGRAM THAT ALLOWS YOUNG PEOPLE TO SERVE ON A YOUTH LED GRANTMAKING TASKFORCE WHERE THEY DECIDE ON WHAT THE MOST CRITICAL ISSUES FACING YOUTH ARE, WHAT ORGANIZATIONS ARE DOING GOOD WORK TO ADDRESS THESE ISSUES AND MAKE DECISIONS ON WHO TO FUND. THESE YOUNG PEOPLE ALSO HAVE AN OPPORTUNITY TO FACILITATE THE NEXT COHORT OF THE TASKFORCE AND JOIN OUR ANNUAL GRANTMAKING COMMITTEE WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christi Strauss Board Chair | OfficerTrustee | 5 | $0 |
Dionne Gumbs Vice Chair | OfficerTrustee | 3 | $0 |
Linda Ireland Treasurer | OfficerTrustee | 3 | $0 |
Ellen Walthour Secretary | OfficerTrustee | 3 | $0 |
Jessica Rogers Member | Trustee | 2 | $0 |
Diane Harper Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,118 |
| Noncash contributions included in lines 1a–1f | $15,519 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,118 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,710 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $327,828 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $115,500 |
| 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. | $123,990 |
| Compensation of current officers, directors, key employees. | $18,599 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,568 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $544 |
| Payroll taxes | $11,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,478 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,999 |
| Advertising and promotion | $9,411 |
| Office expenses | $3,026 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $691 |
| Travel | $1,582 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,828 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,857 |
| All other expenses | $0 |
| Total functional expenses | $339,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,008 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $167,008 |
| Accounts payable and accrued expenses | $463 |
| 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 | $463 |
| Net assets without donor restrictions | $94,459 |
| Net assets with donor restrictions | $72,086 |
| 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 | $167,008 |
Grants Awarded
Over the last fiscal year, Social Venture Partners Mn has awarded $105,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
RECLAIM PURPOSE: ASSISTANCE TO YOUTH-SERVING ORG. | $25,000 |
UPTURNSHIPS PURPOSE: ASSISTANCE TO YOUTH-SERVING ORG. | $25,000 |
30000 FEET PURPOSE: ASSISTANCE TO YOUTH-SERVING ORG. | $25,000 |
BOLDER OPTIONS PURPOSE: ASSISTANCE TO YOUTH-SERVING ORG. | $25,000 |
BRIDGEMAKERS PURPOSE: ASSISTANCE TO YOUTH-SERVING ORG. | $5,500 |