Social Capital Inc
- Assets
- $156.8k
- Revenue
- $515.9k
- Investments
- $0.0
- Employees
- 36
- Location
- Woburn, MA
- Founding
- 10/2002
- Data as of
- 06/2022
- EIN
- 76-0703107
Organization Overview
Social Capital Inc is located in Woburn, MA. The organization was established in 2002. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Social Capital Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Capital 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 06/2022, Social Capital Inc generated $515.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $525.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN COMMUNITIES BY CONNECTING DIVERSE INDIVIDUALS AND ORGANIZATIONS THROUGH CIVIC ENGAGEMENT INITIATIVES. SCI PROVIDES CONTINUED ON SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCI CONTINUED TO IMPLEMENT COMPREHENSIVE PROGRAMS TO BUILD SOCIAL CAPITAL IN MASSACHUSETTS COMMUNITIES. FROM IMPLEMENTING A PROGRAM TO ENSURE EQUITY IN VACCINE ACCESS, TO GIVING YOUTH THE OPPORTUNITY TO ADDRESS MENTAL HEALTH CONCERNS, SCI RESPONDED TO WHAT OUR COMMUNITIES NEED. SCI AMERICORPS MEMBERS SERVED OVER 7,441 HOURS, CONNECTING YOUNG PEOPLE WITH THE RELATIONSHIPS, EXPERIENCES, AND RESOURCES THEY NEED TO SUCCEED. 5 FULL-TIME SCI AMERICORPS MEMBERS COORDINATED YOUTH LEADERSHIP PROGRAMS, PLANNED COMMUNITY EVENTS, AND MANAGED ONLINE COMMUNITY OUTREACH TOOLS. SCI AMERICORPS MEMBERS MOBILIZED 630 VOLUNTEERS WHO SERVED 2,806 HOURS. THE SCI VACCINE EQUITY & ACCESS PROGRAM (VEAP) WAS IMPLEMENTED TO INCREASE VACCINATIONS IN COMMUNITIES HARD HIT BY COVID-19 AND TRAINED 214 VEAP AMBASSADORS WHO EACH REACHED HUNDREDS OF PEOPLE IN THEIR NETWORKS. OVER 26,000 INDIVIDUALS WERE EDUCATED ABOUT VACCINATION THROUGH THE COMBINATION OF AMBASSADOR OUTREACH AND SCI VEAP COMMUNICATION CAMPAIGNS. THE LEADERS FOR AN EQUITABLE TOMORROW, IMPLEMENTED IN PARTNERSHIP WITH THE NETWORK FOR SOCIAL JUSTICE, ENGAGED 10 TEENS IN A SUMMER INTERNSHIP PROGRAM AND SCHOOL YEAR ACTIVITIES FOCUSED ON YOUTH MENTAL HEALTH. AS A RESULT OF THE TEENS WORK OVER THE SUMMER, THE CREATED A NEW RESOURCE WEBSITE FOR YOUTH MENTAL HEALTH, MIDDLESEX4MENTALHEALTH.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David B Crowley President & | OfficerTrustee | 40 | $66,464 |
Jennifer Baker Jones Chair & Dire | OfficerTrustee | 2 | $0 |
Mahesh Bhatia Treasurer & | OfficerTrustee | 2 | $0 |
William Dillon Clerk & Asst | OfficerTrustee | 2 | $0 |
Adriana Mendes-Sheldon Director | Trustee | 2 | $0 |
Eric Khatchatourian Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $72,409 |
| Related organizations | $0 |
| Government grants | $276,304 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,254 |
| Noncash contributions included in lines 1a–1f | $215 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $475,967 |
| Total Program Service Revenue | $43,753 |
| 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 | -$4,213 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $515,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $654 |
| 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. | $74,423 |
| Compensation of current officers, directors, key employees. | $12,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,039 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,557 |
| Payroll taxes | $29,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,531 |
| Advertising and promotion | $11,301 |
| Office expenses | $11,802 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,281 |
| Travel | $611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,665 |
| Interest | $164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $318 |
| Insurance | $2,909 |
| All other expenses | $0 |
| Total functional expenses | $525,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,709 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $37,820 |
| Accounts receivable, net | $1,000 |
| 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 | $4,018 |
| Net Land, buildings, and equipment | $1,272 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $156,819 |
| Accounts payable and accrued expenses | $46,386 |
| Grants payable | $0 |
| Deferred revenue | $5,625 |
| 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 | $481 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $52,492 |
| Net assets without donor restrictions | $33,112 |
| Net assets with donor restrictions | $71,215 |
| 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 | $156,819 |