Seachange Capital Partners Inc is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Seachange Capital Partners Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seachange Capital Partners 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 12/2023, Seachange Capital Partners Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 9 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 2015, Seachange Capital Partners Inc has awarded 160 individual grants totaling $4,555,280. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONAL CHALLENGES. WE DO THIS WITH GRANTS, LOANS, CONSULTING, AND RESEARCH TO EDUCATE NONPROFITS, FUNDERS, AND OTHER STAKEHOLDERS. SEACHANGE ALSO WORKS TO BUILD EFFECTIVE CONNECTIONS BETWEEN FUNDERS AND NONPROFITS ON THE ASSOCIATED ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONAL CHALLENGES. WE DO THIS WITH GRANTS, LOANS, CONSULTING, AND RESEARCH TO EDUCATE NONPROFITS, FUNDERS, AND OTHER STAKEHOLDERS. SEACHANGE ALSO WORKS TO BUILD EFFECTIVE CONNECTIONS BETWEEN FUNDERS AND NONPROFITS ON THE ASSOCIATED ISSUES.SEACHANGE LAUNCHED IN EARLY 2008 WITH SUPPORT FROM THE BILL & MELINDA GATES FOUNDATION, OMIDYAR NETWORK, THE WILLIAM AND FLORA HEWLETT FOUNDATION, THE SURDNA FOUNDATION, GOLDMAN SACHS, AND A GROUP OF INDIVIDUAL PHILANTHROPISTS. AFTER AN INITIAL FOCUS ON EDUCATION AND YOUTH DEVELOPMENT THROUGH THE CATALYST FUND (2008-2016), SEACHANGE EXPANDED INTO SUSTAINED COLLABORATION WITH THE SEACHANGE-LODESTAR FUND FOR NONPROFIT COLLABORATION (2009-PRESENT), THE NEW YORK MERGER AND COLLABORATION FUND (NYMAC, 2012-PRESENT), THE GREATER PHILADELPHIA NONPROFIT REPOSITIONING FUND (NONPROFIT REPOSITIONING FUND, 2018-PRESENT), AND THE TRANSFORMATIONAL PARTNERSHIPS FUND (2020-PRESENT); INTO CREDIT WITH THE CONTACT FUND (2013-PRESENT), THE SEACHANGE SPECIAL IMPACT FUND LLC (SIF, 2020-PRESENT), THE NEW YORK POOLED PRI FUND (NYPRI, 2014-PRESENT), AND NEW YORK SHELTER ACQUISITION AND PREDEVELOPMENT FUND, LLC (NYSAPF, 2023-PRESENT); AND INTO IMPACT INVESTING WITH THE NEW YORK IMPACT OPPORTUNITIES FUND, LLC (2021-PRESENT). NYPRI, THE CONTACT FUND, NYSAPF, AND SIF ARE SEPARATE LEGAL ENTITIES; SEACHANGE SERVES AS THE MANAGING MEMBER OF NYPRI AND NYSAPF, AS THE SOLE MEMBER OF SIF, AND MANAGES THE CONTACT FUND PURSUANT TO A MANAGEMENT SERVICES AGREEMENT. NYMAC, THE SEACHANGE-LODESTAR FUND FOR NONPROFIT COLLABORATION, THE NONPROFIT REPOSITIONING FUND, AND THE TRANSFORMATIONAL PARTNERSHIPS FUND ARE GRANTMAKING PROGRAMS OF SEACHANGE THAT ARE REFERRED TO AS FUNDS BECAUSE EACH HAS A DISTINCT SET OF PHILANTHROPIC FUNDERS TO WHOM CERTAIN GOVERNANCE RIGHTS HAVE BEEN GRANTED. NONE OF THESE FOUR GRANTMAKING PROGRAMS ARE DISTINCT LEGAL ENTITIES. IN 2011, SEACHANGE BEGAN PROVIDING ANALYSIS AND ADVICE (I.E., CONSULTING) IN RESPONSE TO REQUESTS FROM NONPROFITS AND FUNDERS. OUR WORK WILL CONTINUE TO EVOLVE IN RESPONSE TO CHANGES IN THE ENVIRONMENT, FEEDBACK FROM THE MARKET, AND REFLECTION ON OUR ACCOMPLISHMENTS AND CHALLENGES. SEACHANGE ALSO REGULARLY RELEASES REPORTS ANALYZING MAJOR ISSUES FOR THE NONPROFIT SECTOR, AS WELL AS OPINION PIECES IN VARIOUS PUBLICATIONS.DURING 2023, SEACHANGE MADE GRANTS TO SUPPORT 42 SUSTAINED COLLABORATION TRANSACTIONS ACROSS THE SEACHANGE-LODESTAR FUND (10), NYMAC (4), THE NONPROFIT REPOSITIONING FUND (18), AND THE TRANSFORMATIONAL PARTNERSHIPS FUND (10), COMPARED TO 38 TOTAL GRANTS FUNDED IN 2022. SEACHANGE HAD A STAFF OF 8 FULL-TIME EMPLOYEES IN 2023 AND 6 IN 2022.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Macintosh Mng Partner | OfficerTrustee | 40 | $198,142 |
Tajreena Tabassoom Partner | 40 | $175,717 | |
Alex Volpicello Secretary | Officer | 40 | $88,600 |
Aaron Siegel Trustee | Trustee | 1 | $0 |
Mark E Reed III Co-Chair | OfficerTrustee | 10 | $0 |
Valarie Gay Trustee | Trustee | 1 | $0 |
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 | $3,584,275 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,584,275 |
Total Program Service Revenue | $418,953 |
Investment income | $30,127 |
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 | $4,050,128 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,624,813 |
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. | $462,459 |
Compensation of current officers, directors, key employees. | $87,867 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $354,495 |
Pension plan accruals and contributions | $66,551 |
Other employee benefits | $5,363 |
Payroll taxes | $61,720 |
Fees for services: Management | $0 |
Fees for services: Legal | $284,244 |
Fees for services: Accounting | $91,497 |
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 | $1,239 |
Information technology | $19,578 |
Royalties | $0 |
Occupancy | $13,739 |
Travel | $66,698 |
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 | $1,108 |
Insurance | $7,981 |
All other expenses | $0 |
Total functional expenses | $3,112,459 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,603,319 |
Savings and temporary cash investments | $271,146 |
Pledges and grants receivable | $1,277,655 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $407,335 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $104,376 |
Net Land, buildings, and equipment | $1,445 |
Investments—publicly traded securities | $3,523,829 |
Investments—other securities | $0 |
Investments—program-related | $1,623,300 |
Intangible assets | $0 |
Other assets | $101,750 |
Total assets | $8,914,155 |
Accounts payable and accrued expenses | $15,753 |
Grants payable | $1,150,000 |
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 | $271,203 |
Total liabilities | $1,436,956 |
Net assets without donor restrictions | $2,527,767 |
Net assets with donor restrictions | $4,949,432 |
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 | $8,914,155 |
Over the last fiscal year, Seachange Capital Partners Inc has awarded $1,200,337 in support to 26 organizations.
Grant Recipient | Amount |
---|---|
ACTION FOR HEALTHY KIDS PURPOSE: FACILITATE MERGER BETWEEN TWO ORGS. | $10,000 |
AIHS - RESTRUCTURING PURPOSE: OTHER | $296,450 |
AMERICAN IMMIGRATION COUNCIL PURPOSE: FACILITATE MERGER BETWEEN TWO ORGS. | $25,000 |
CCI - FCNY SPINOUT PURPOSE: SPIN-OUT | $80,000 |
CFS PURPOSE: FACILITATE MERGER BETWEEN TWO ORGS. | $12,500 |
CLEE PURPOSE: FACILITATE MERGER BETWEEN TWO ORGS. | $24,750 |