Socialventures
- Assets
- $193.2k
- Revenue
- $303.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Columbus, OH
- Founding
- 11/2014
- Data as of
- 12/2021
- EIN
- 47-1396726
Organization Overview
Socialventures, operating under the name Center For Social Enterprise Dvlpmt, is located in Columbus, OH. The organization was established in 2014. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Center For Social Enterprise Dvlpmt employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Social Enterprise Dvlpmt 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, Center For Social Enterprise Dvlpmt generated $303.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $306.2k during the year ending 12/2021. While expenses have increased by 9.8% 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
THE CENTER PROVIDES OUTREACH AND ADVOCACY, TRAINING, AND ACCESS TO CAPITAL TO FOSTER DEVELOPMENT OF SUSTAINABLE SOCIAL ENTERPRISES THAT PROVIDE NEEDED SOCIAL IMPACT WHILE EARNING SUFFICIENT REVENUE TO BE INDEPENDENT OF GRANT SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILD THE MOVEMENT: WE ENHANCE THE CONNECTION OF SOCIAL ENTREPRENEURS TO THE CONSUMER, VOLUNTEER, INVESTOR, AND NONPROFIT BOARD MEMBER THROUGH OUR ONLINE MARKETPLACE, A LISTING OF CENTRAL OHIO SOCIAL ENTERPRISES AND THEIR PRODUCTS, SERVICES, AND IMPACT. WE EXPAND PUBLIC AWARENESS AND SUPPORT OF SOCIAL ENTERPRISE THROUGH PUBLIC SPEAKING, MONTHLY COLUMNS IN THE METROPRENEUR, BLOGS AND SOCIAL MEDIA. WE ALSO PUBLISH AN ANNUAL REPORT, THE STATE OF SOCIAL ENTERPRISE IN CENTRAL OHIO.
BUILD THE MOVEMENT: WE OFFER ACCELERATORS, WORKSHOPS, AND PROGRAMS TO GIVE ENTREPRENEURS KNOWLEDGE, SKILLS, AND ADVICE TO HELP THEIR BUSINESSES THRIVE. WE ALSO PROVIDE FREE CONSULTING ONE AFTERNOON PER WEEK AND MATCH ENTREPRENEURS WITH MENTORS.
IMPROVE ACCESS TO CAPITAL: THROUGH INDIVIDUAL MEETINGS AND PRESENTATIONS AND THROUGH THE COLUMBUS FUNDS SERIES OF WORKSHOPS WITH THE SMALL BUSINESS DEVELOPMENT CENTER, WE INTRODUCE SOCIAL ENTREPRENEURS TO IMPACT INVESTING BASICS AND APPROPRIATE SOURCES OF CAPITAL (ANGEL AND EARLY-STAGE INVESTORS). WE MANAGE PRO BONO THE SOCIAL VENTURES FUND, LLC, A MEMBER- BASED PRIVATE FUND FOR ACCREDITED INDIVIDUALS, COMPANIES, AND FOUNDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Bowen Hewes President/ce | Officer | 45 | $44,650 |
Seth Cramer Chair | OfficerTrustee | 3 | $0 |
Donald Wells Treasurer | OfficerTrustee | 1 | $0 |
Katie Cramer Secretary | OfficerTrustee | 1 | $0 |
Jeff Alexander Member | Trustee | 1 | $0 |
Doug Kelly Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,895 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,273 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,168 |
| Total Program Service Revenue | $5,258 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $302,950 |
| 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. | $44,650 |
| Compensation of current officers, directors, key employees. | $12,720 |
| Compensation to disqualified persons | $49,118 |
| Other salaries and wages | $116,748 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,196 |
| Fees for services: Accounting | $12,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,364 |
| Advertising and promotion | $21,845 |
| Office expenses | $10,825 |
| Information technology | $808 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $75 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $394 |
| Interest | $694 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,612 |
| All other expenses | $0 |
| Total functional expenses | $306,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,400 |
| 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 | $5,837 |
| 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 | $193,237 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $20,934 |
| 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 | $147,337 |
| Other liabilities | $0 |
| Total liabilities | $168,271 |
| Net assets without donor restrictions | $24,966 |
| Net assets with donor restrictions | $0 |
| 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 | $193,237 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Socialventures has recieved totaling $85,860.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: SOCIAL SERVICES | $67,010 |
Columbus Foundation Columbus, OH PURPOSE: SOCIAL SERVICES | $18,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Care Management Organization Detroit, MI | $5,985,939 | $8,157,093 |
Enfocus Inc South Bend, IN | $1,854,802 | $4,388,589 |
Service Coordination Resources Inc Erie, PA | $0 | $3,464,640 |
Growth Opportunity Partners Inc Cleveland, OH | $6,981,193 | $2,067,621 |
Wireless Neighborhoods Pittsburgh, PA | $1,102,731 | $1,341,475 |
Innovative Manufacturers Center Inc Williamsport, PA | $2,231,135 | $1,571,341 |
National Classification Management Society Wayne, PA | $1,638,415 | $1,460,567 |
Equipment And Tool Institute Farmington Hills, MI | $1,466,341 | $791,782 |
Precast Prestressed Concrete Institute Central Region Brookville, OH | $358,226 | $743,267 |
Mechanical Skills Inc Indianapolis, IN | $3,512,568 | $1,154,558 |
Must Royal Oak, MI | $1,982,135 | $727,132 |
Steel Deck Institute Glenshaw, PA | $1,659,239 | $678,183 |