Social Ventures Inc
- Assets
- $337.5k
- Revenue
- $245.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 06/1999
- Data as of
- 12/2021
- EIN
- 16-1564690
Organization Overview
Social Ventures Inc is located in Ithaca, NY. The organization was established in 1999. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Ventures 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 12/2021, Social Ventures Inc generated $245.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $139.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Social Ventures Inc has awarded 17 individual grants totaling $381,320. 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
SEEK SOCIAL JUSTICE BY ADDRESSING PROBLEMS THAT ARISE FROM POVERTY, RACISM, SEXISM, AND SIMILAR ISSUES, AND BY INCREASING OPPORTUNITIES FOR DISADVANTAGED PEOPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY UNITY MUSIC EDUCATION PROGRAM CUMEP IS A FREE 6-WEEK SUMMER CAMP AT SOUTHSIDE COMMUNITY CENTER FOR 60 CHILDREN AGED 4-18, FILLED WITH MUSIC, VIDEO PRODUCTION, DANCE, CREATIVE WRITING AND HUMAN RIGHTS EDUCATION.
VOTING EDUCATION PROJECT - PROVIDES EDUCATIONAL RESOURCES AIMED AT CHANGING VOTING CULTURE IN THE USA FROM A CHORE TO A JOYFUL CELEBRATION. NO INVOLVEMENT IN ELECTORAL PARTIES, ENDORSEMENT, OR AFFILIATION WITH PARTISAN GROUPS.
FARMWORKERS PROJECT - ADDRESSES EMERGENCY NEEDS OF UNDOCUMENTED FARM WORKERS IN UPSTATE NY, MAKES EDUCATIONAL EFFORTS TO PROTECT THEIR LEGAL RIGHTS, HOLDS TRAININGS AND OFFERS ADVOCACY AS WELL AS HUMANITARIAN GRANTS AID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Furman President | OfficerTrustee | 15 | $0 |
Sara Hess Sec/treas | OfficerTrustee | 10 | $0 |
Charles Guttman ESQ Community Member Legal Advisor | Trustee | 1 | $0 |
Leni Hochman Community Member | Trustee | 1 | $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 | $241,279 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,279 |
| Total Program Service Revenue | $3,800 |
| 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 | $245,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $135,633 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,141 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $252 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $139,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,493 |
| 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 | $337,493 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $110,999 |
| Net assets with donor restrictions | $226,494 |
| 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 | $337,493 |
Grants Awarded
Over the last fiscal year, Social Ventures Inc has awarded $76,789 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY UNITY MUSIC EDUCATION PROGRAM | | | $24,000 |
MS HARMONY'S DANCE STUDIO | | | $21,542 |
VOTING EDUCATION PROJECT | | | $13,188 |
COMPASSION HARP | | | $8,059 |
Oakland, CA | | $5,000 |
Berkeley, CA | | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Social Ventures Inc has recieved totaling $7,775.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Tompkins County Inc Ithaca, NY PURPOSE: GENERAL SUPPORT | $5,250 |
City Federation Of Womens Organizations Of Ithaca N Y Inc Ithaca, NY PURPOSE: GRANT | $2,525 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cw Resources Inc New Britain, CT | $72,075,898 | $102,860,890 |
North Atlantic States Carpenters Training Fund Millbury, MA | $72,466,434 | $22,130,164 |
Building Service Thomas Shortman Training Scholarship And New York, NY | $24,265,152 | $18,661,986 |
New York District Council Crpntrs Apprntcshp Jrnymn Retraing Educa New York, NY | $32,423,989 | $13,554,381 |
Groundtruth Project Inc Boston, MA | $12,977,835 | $12,726,930 |
Northeast Carpenters Apprenticeship Fund Edison, NJ | $19,860,788 | $10,381,249 |
Hawthorne Valley Association Inc Ghent, NY | $11,965,949 | $10,914,219 |
Liuna Training And Education Fund Pomfret Center, CT | $19,387,955 | $9,381,853 |
Operating Engineers Local 825 Springfield, NJ | $22,861,458 | $9,545,959 |
Operating Engineers Local 825 Sub Fund Springfield, NJ | $82,702,164 | $12,313,269 |
Joint Apprenticeship And Training Trust Fund Local 103 Ibew Boston, MA | $13,179,581 | $8,861,151 |
Nueva Esperanza Philadelphia, PA | $22,032,264 | $12,218,705 |