Third Sector Capital Partners Inc
- Assets
- $27.3m
- Revenue
- $27.6m
- Investments
- $0.0
- Employees
- 70
- Location
- Boston, MA
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-1301032
Organization Overview
Third Sector Capital Partners Inc is located in Boston, MA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Third Sector Capital Partners Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Third Sector 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 12/2021, Third Sector Capital Partners Inc generated $27.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $8.2m during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO TRANSFORM PUBLIC SYSTEMS TO ADVANCE IMPROVED AND EQUITABLE OUTCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTI COUNTY - CT/OEC ADVISORY:COLLABORATIVE BETWEEN 6 CA COUNTIES, THE MHSOAC (CA MENTAL HEALTH OVERSIGHT COMMISSION), CALMHSA (FISCAL INTERMEDIARY) TO CREATE DATA-DRIVEN IMPROVEMENTS TO SERIOUS MENTAL ILLNESS PROGRAMS ACROSS THE STATE. THIRD SECTOR HAS BEEN SUPPORTING OEC THROUGH AN EFFORT TO UNDERSTAND HOW EEC FUNDING STREAMS COULD BE IMPROVED TO EXPAND EQUITABLE ACCESS AND REDUCE THE BURDEN ON PROVIDERS.
NORTH CAROLINA:PROJECT WITH THE NORTH CAROLINA DIVISION OF CHILD DEVELOPMENT AND EARLY EDUCATION (DCDEE) TO IMPROVE PRE-K OUTCOMES.
MA DTA CIES ASSESS:FACILITATED PROCESS CHANGES IN POLICIES, PRACTICES AND PROGRAMS THAT PRIORITIZE ECONOMIC MOBILITY TO TRANSITION CITIZENS FROM TANF TO A MORE ECONOMICALLY INDEPENDENT EXISTENCE.
OTHER:OTHER PROGRAMS THAT FALL WITHIN OUR MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Whistler CEO And Co-Founder | OfficerTrustee | 40 | $277,500 |
Dynasti Hunt Managing Director Of Talent And Equity | Officer | 40 | $205,042 |
Tim Pennell Managing Director | Officer | 40 | $177,500 |
Laila Bravo Managing Director | Officer | 40 | $146,655 |
Debra Solomon Director | 40 | $142,523 | |
Maria Posey Director | 40 | $140,532 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aisp Technical Assessment | 12/30/19 | $723,916 |
Board Of Trustees Leland Stanford Jr Uni Data Analytics | 12/30/19 | $300,189 |
Big Marketing And Communications Inc Messaging And Concept, Creative Retainer | 12/30/19 | $167,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,672,905 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,842,884 |
| Noncash contributions included in lines 1a–1f | $1,085 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,515,789 |
| Total Program Service Revenue | $2,031,234 |
| Investment income | $4,747 |
| 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 | $27,551,770 |
| 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. | $956,780 |
| Compensation of current officers, directors, key employees. | $412,835 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,392,854 |
| Pension plan accruals and contributions | $178,413 |
| Other employee benefits | $330,694 |
| Payroll taxes | $410,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,299 |
| Fees for services: Accounting | $35,932 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,022,853 |
| Advertising and promotion | $0 |
| Office expenses | $108,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $522,409 |
| Travel | $15,260 |
| 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 | $4,700 |
| Insurance | $36,634 |
| All other expenses | $85,335 |
| Total functional expenses | $8,163,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,718,796 |
| Savings and temporary cash investments | $24,045,337 |
| Pledges and grants receivable | $874,780 |
| Accounts receivable, net | $580,524 |
| 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 | $58,222 |
| Net Land, buildings, and equipment | $11,658 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,574 |
| Total assets | $27,345,891 |
| Accounts payable and accrued expenses | $650,003 |
| 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 | $650,003 |
| Net assets without donor restrictions | $4,873,549 |
| Net assets with donor restrictions | $21,822,339 |
| 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 | $27,345,891 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Third Sector Capital Partners Inc has recieved totaling $1,255,503.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $360,000 |
Prudential Foundation Inc Newark, NJ PURPOSE: GEORGIA YOUNG PARENTS PILOT | $200,000 |
Prudential Foundation Inc Newark, NJ PURPOSE: IMPROVING WORKFORCE SYSTEMS FOR YOUTH IN TEXAS AND ATLANTA, GEORGIA | $200,000 |
Pritzker Family Foundation Chicago, IL PURPOSE: RESEARCH AND EDUCATION ON EARLY CHILDHOOD DEVELOPMENT | $180,000 |
Pritzker Family Foundation Chicago, IL PURPOSE: RESEARCH AND EDUCATION ON EARLY CHILDHOOD DEVELOPMENT | $165,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $100,450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Third Sector Capital Partners Inc Boston, MA | $27,345,891 | $27,551,770 |
Buffalo Civic Auto Ramps Inc Buffalo, NY | $1,499,927 | $7,888,664 |
National Standards Authority Of Ireland Inc Nashua, NH | $10,467,572 | $7,964,198 |
Data & Society Research Institute New York, NY | $10,624,558 | $3,287,575 |
Bend The Arc Jewish Action Inc New York, NY | $2,917,123 | $4,796,081 |
Build Commonwealth Inc Boston, MA | $4,562,136 | $1,917,151 |
Greater Syracuse Property Development Corporation Syracuse, NY | $6,042,694 | $3,813,121 |
East Mid-Manhattan District Management Association Inc New York, NY | $3,778,894 | $3,534,351 |
New York 811 Inc Bohemia, NY | $4,587,897 | $3,122,927 |
Boston Public Market Boston, MA | $10,519,355 | $1,304,589 |
Catholic Investment Services Inc Boston, MA | $1,253,675 | $2,110,461 |
New York State Local Government Services Foundation Inc Albany, NY | $314,574 | $1,870,171 |