Social Venture Circle
- Assets
- $362.5k
- Revenue
- $900.7k
- Investments
- $0.0
- Employees
- 10
- Location
- Canaan, CT
- Founding
- 11/1995
- Data as of
- 12/2020
- EIN
- 65-0055983
Organization Overview
Social Venture Circle is located in Canaan, CT. The organization was established in 1995. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Social Venture Circle employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Venture Circle 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 12/2020, Social Venture Circle generated $900.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $899.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SUPPORTS, CONNECTS AND EMPOWERS DIVERSE, INNOVATIVE BUSINESS LEADERS AND SOCIAL ENTREPRENEURS TO CREATE A JUST AND SUSTAINABLE ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SVC PROVIDES PEER PROGRAMMING, CONFERENCES, VIRTUAL PROGRAMMING, EDUCATION, NEWS, AND RESOURCES TO SUPPORT ITS MISSION AND MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isaac Graves Executive Director | OfficerTrustee | 40 | $110,395 |
Seungah Jeong Board Chair | OfficerTrustee | 5 | $0 |
Heather Mason Board Vice-Chair | OfficerTrustee | 5 | $0 |
Praful Shah Board Treasurer | OfficerTrustee | 5 | $0 |
Michael Pirron Board Secretary | OfficerTrustee | 5 | $0 |
Jeffrey Hollender Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $129,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $260,056 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $389,156 |
| Total Program Service Revenue | $521,264 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $4,100 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,853 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $900,706 |
| 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. | $204,075 |
| Compensation of current officers, directors, key employees. | $73,005 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,838 |
| Pension plan accruals and contributions | $11,507 |
| Other employee benefits | $28,546 |
| Payroll taxes | $45,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,694 |
| Fees for services: Accounting | $119,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,098 |
| Advertising and promotion | $4,161 |
| Office expenses | $14,118 |
| Information technology | $11,572 |
| Royalties | $0 |
| Occupancy | $2,461 |
| Travel | $2,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,198 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,730 |
| Insurance | $2,275 |
| All other expenses | $0 |
| Total functional expenses | $899,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,734 |
| Savings and temporary cash investments | $4,362 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,056 |
| 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 | $3,250 |
| Net Land, buildings, and equipment | $2,052 |
| Investments—publicly traded securities | $160,039 |
| Investments—other securities | $0 |
| Investments—program-related | $60,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $362,493 |
| Accounts payable and accrued expenses | $63,396 |
| Grants payable | $0 |
| Deferred revenue | $60,653 |
| 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 | $124,049 |
| Net assets without donor restrictions | $238,444 |
| 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 | $362,493 |