Social Innovation Forum Inc is located in Boston, MA. The organization was established in 2015. According to its NTEE Classification (P03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Human Services and related organizations. As of 06/2023, Social Innovation Forum Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Innovation Forum 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 06/2023, Social Innovation Forum Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $2.6m during the year ending 06/2023. While expenses have increased by 15.6% per year over the past 6 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 2020, Social Innovation Forum Inc has awarded 30 individual grants totaling $428,500. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIAL INNOVATION FORUM, INC. BECAME AN INDEPENDENT 501(C)(3) ORGANIZATION IN 2015. ITS MISSION IS TO CREATE POSITIVE SOCIAL CHANGE IN GREATER BOSTON BY ENGAGING AND INFORMING FUNDERS AND INVESTORS SO THAT THEY CAN DIRECT RESOURCES MORE EFFECTIVELY WHILE ALSO EDUCATING AND SUPPORTING LEADERS OF NONPROFIT ORGANIZATIONS SO THAT THEY CAN DELIVER THE MOST EFFECTIVE SOLUTIONS TO SOCIAL ISSUES. SIF HAS CREATED A "MARKETPLACE" WHERE IT CONNECTS SOCIAL PURPOSE ORGANIZATIONS ("INNOVATORS") WITH A COMMUNITY OF INDIVIDUALS ("INVESTORS AND SUPPORTERS")WHO CAN PROVIDE FINANCIAL, TECHNICAL, AND COACHING SUPPORT, THEREBY LEVERAGING EVERY ROLE IN THE ECOSYSTEM FOR SOCIAL IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL INNOVATOR ACCELERATOR - SIF'S SIGNATURE TWO-YEAR PROGRAM OFFERS CAPACITY BUILDING SUPPORT TO IMPACTFUL GRASSROOTS NONPROFIT ORGANIZATIONS THROUGH CONSULTING, COACHING, PRESENTATION TRAINING, OPPORTUNITIES TO EXPAND THEIR NETWORKS AND BUILD NEW RELATIONSHIPS, AND ACCESS TO FINANCIAL SUPPORT AS WELL AS IN-KIND RESOURCES AND SERVICES.
CAPACITY CAMP - SIF LEADS A RANGE OF DIFFERENT TYPES OF CAPACITY CAMP PROGRAMS, WHICH ARE CONDENSED VERSIONS OF ITS SOCIAL INNOVATOR ACCELERATOR. THE MAJORITY OF CAPACITY CAMPS HAVE BEEN SMALL, INTIMATE PROGRAMS OF 6-8 PARTICIPATING NONPROFITS. THE PROGRAMS TYPICALLY INCLUDE COHORT-BASED LEARNING SESSIONS, ACCESS TO EXECUTIVE COACHING AND IN-KIND SERVICES, ALONG WITH VARIOUS OPPORTUNITIES TO EXPAND ORGANIZATIONS' NETWORKS.COWORKING AND COMMUNITY SUPPORT - SIF MANAGES A COLLABORATIVE, COMMUNITY SPACE DEDICATED TO HELPING NONPROFITS WORK PRODUCTIVELY, BUILD THEIR CAPACITY, AND BROADEN THEIR NETWORKS TO ACHIEVE SOCIAL IMPACT. WE STRIVE TO BUILD AN INCLUSIVE COMMUNITY OF DIVERSE PROGRAMS AND LEADERS WHO ENGAGE AND GROW TOGETHER. IN ADDITION TO BASIC OFFICE AMENITIES, MEMBERS HAVE ACCESS TO WORKSHOPS, TRAININGS, PEER-TO-PEER NETWORK BUILDING, AND OTHER EVENTS AND ACTIVITIES TO CONNECT MORE DEEPLY WITH BOSTON'S PHILANTHROPIC AND SOCIAL SECTOR LEADERS.COMMUNITY ORGANIZATIONS REIMAGINING ECOSYSTEMS (CORE) - IN 2021, SIF LAUNCHED A NEW LEADERSHIP INITIATIVE FOCUSED ON PLACE-BASED WORK AND SOCIAL CHANGE: CORE (COMMUNITY ORGANIZATIONS REIMAGINING ECOSYSTEMS). THE PROGRAM WAS MADE POSSIBLE WITH THE SUPPORT OF A $175,000 TWO-YEAR GRANT FROM THE FIDELITY CHARITABLE TRUSTEES' INITIATIVE. CORE IS A PEER LEARNING COMMUNITY OF EIGHT ORGANIZATIONS FROM AROUND THE UNITED STATES. EACH OF THESE ORGANIZATIONS WORKS AT THE INTERSECTION OF FUNDERS AND NONPROFITS TO GROW SOCIAL IMPACT IN THEIR REGION. THE INITIAL TWO-YEAR CORE PILOT WILL WRAP UP IN 2023 AND THE GROUP WILL SHARE OUT ITS COLLECTIVE LEARNING.
ALUMNI AND NONPROFIT NETWORK PROGRAM - SIF HAS ALWAYS BEEN COMMITTED TO SUPPORTING ITS INNOVATOR ALUMNI, WHO ARE CONSIDERED TO BE PART OF ITS "FOREVER PORTFOLIO." IN 2020, SIF LAUNCHED ITS ALUMNI AND NONPROFIT NETWORK PROGRAM, OFFERING ONGOING LEADERSHIP DEVELOPMENT, SKILL-BUILDING, AND NETWORK-BUILDING TO THESE ORGANIZATIONS. SIF'S NONPROFIT NETWORK ALSO ENCOMPASSES ORGANIZATIONS THAT ARE MEMBERS OF ITS CO-WORKING SPACE, THOSE THAT HAVE GRADUATED FROM THE CAPACITY CAMP PROGRAM, AND FINALISTS IN THE ACCELERATOR SELECTION PROCESS.
FUNDER EDUCATION PROGRAM - SIF PROVIDES NUMEROUS OPPORTUNITIES FOR PHILANTHROPISTS, FUNDERS, COMMUNITY LEADERS, AND OTHERS TO COME TOGETHER WITH NONPROFIT LEADERS TO WORK TOWARD POSITIVE SOCIAL CHANGE IN GREATER BOSTON. SIF ENGAGES WITH FUNDERS TO LEARN ABOUT SOCIAL JUSTICE PHILANTHROPY, STRATEGIZE ABOUT AND IMPLEMENT MORE EQUITABLE PRACTICES, AND BUILD MEANINGFUL, LONG-LASTING RELATIONSHIPS WITH NONPROFITS. OUR COMMUNITY OF SUPPORTERS LEARN FROM LEADING PRACTITIONERS, DISCUSS CURRENT AND EMERGENT SOCIAL ISSUES, PARTICIPATE IN DIALOGUES WITH PEERS, AND ENGAGE WITH AND SUPPORT IMPACTFUL ORGANIZATIONS ADDRESSING CHALLENGING SOCIAL ISSUES WITHIN THEIR COMMUNITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Julia Satti Cosentino Vice Chair | Trustee | 2 | $0 |
Ryan Dings Board Member | OfficerTrustee | 2 | $0 |
Yasmin Cruz Ferrine Board Member | Trustee | 2 | $0 |
Emily Fish Board Member | Trustee | 2 | $0 |
Katherine Gross Board Member | OfficerTrustee | 2 | $0 |
Amanda Hahnel Board Member | Trustee | 2 | $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 | $3,415,219 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,415,219 |
Total Program Service Revenue | $27,525 |
Investment income | $25,850 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $49,001 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,532,587 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $286,000 |
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. | $158,208 |
Compensation of current officers, directors, key employees. | $79,104 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $933,002 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $91,240 |
Payroll taxes | $86,691 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $600,028 |
Advertising and promotion | $16 |
Office expenses | $47,232 |
Information technology | $62,256 |
Royalties | $0 |
Occupancy | $173,042 |
Travel | $1,751 |
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 | $11,850 |
Insurance | $7,084 |
All other expenses | $0 |
Total functional expenses | $2,554,976 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,440,201 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $1,503,012 |
Accounts receivable, net | $2,455 |
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 | $24,465 |
Net Land, buildings, and equipment | $8,495 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $70,513 |
Total assets | $4,049,141 |
Accounts payable and accrued expenses | $124,961 |
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 | $124,961 |
Net assets without donor restrictions | $1,179,197 |
Net assets with donor restrictions | $2,744,983 |
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 | $4,049,141 |
Over the last fiscal year, Social Innovation Forum Inc has awarded $286,000 in support to 17 organizations.
Grant Recipient | Amount |
---|---|
GENUNITY PURPOSE: INNOVATOR GRANT | $20,000 |
UNITED INTERFAITH ACTION OF SOUTHEASTERN MASSACHUSETTS PURPOSE: INNOVATOR GRANT | $20,000 |
THE LATINO HEALTH INSURANCE PROGRAM PURPOSE: INNOVATOR GRANT | $20,000 |
JUSTICE FOR HOUSING INC PURPOSE: INNOVATOR GRANT | $20,000 |
CHICA PROJECT PURPOSE: INNOVATOR GRANT | $20,000 |
MISSIONSAFE PURPOSE: INNOVATOR GRANT | $20,000 |