Social Capital Inc
- Assets
- $188.2k
- Revenue
- $797.1k
- Investments
- $0.0
- Employees
- 43
- Location
- Woburn, MA
- Founding
- 10/2002
- Data as of
- 06/2021
- 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 06/2021, Social Capital Inc employed 43 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 06/2021, Social Capital Inc generated $797.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $598.9k during the year ending 06/2021. While expenses have increased by 1.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 DEVELOPING A PROGRAM TO ENSURE EQUITY IN VACCINE ACCESS, TO GIVING YOUTH THE OPPORTUNITY TO PUT THEIR IDEAS INTO ACTION, SCI RESPONDED TO WHAT OUR COMMUNITIES NEED. SCI AMERICORPS MEMBERS SERVED OVER 30,000 HOURS, CONNECTING YOUNG PEOPLE WITH THE RELATIONSHIPS, EXPERIENCES, AND RESOURCES THEY NEED TO SUCCEED. 24 FULL-TIME SCI AMERICORPS MEMBERS COORDINATED YOUTH LEADERSHIP PROGRAMS, PLANNED COMMUNITY EVENTS, AND MANAGED ONLINE COMMUNITY OUTREACH TOOLS. SCI AMERICORPS MEMBERS MOBILIZED 1755 VOLUNTEERS THAT SERVED A TOTAL OF OVER 3,000 HOURS. SCI STAFF AND SCI AMERICORPS MEMBERS PILOTED THE FIRST SCI YOUTH GRANT PITCH CONTEST WHICH PROVIDED COACHING AND FUNDING TO 35 TEENS WHO DEVELOPED PROJECTS ADDRESSING MENTAL HEALTH. THE SCI VACCINE EQUITY & ACCESS PROGRAM (VEAP) WAS INTRODUCED TO INCREASE VACCINATIONS IN COMMUNITIES HARD HIT BY COVID-19 AND TRAINED VEAP AMBASSADORS WHO EACH REACHED HUNDREDS OF PEOPLE IN THEIR NETWORKS. SCI'S VEAP IS TRAINING GRASSROOTS COMMUNITY LEADERS TO SERVE AS AMBASSADORS TO ENGAGE IN CONVERSATIONS ABOUT VACCINATION WITHIN THEIR SOCIAL NETWORKS. SCI FACILITATED PROGRAMS TO ENGAGE PEOPLE IN DISCUSSIONS ABOUT RACIAL EQUITY, INCLUDING BLACK HISTORY MONTH FILM & DISCUSSION SERIES AND OFFERING A SERIES ON DISRUPTING RACISM IN PARTNERSHIP WITH THE NETWORK FOR SOCIAL JUSTICE. ADDITIONALLY, SCI ORGANIZED WOBURN'S 1ST JUNETEENTH CELEBRATION.
SCI CONTINUED TO IMPLEMENT COMPREHENSIVE PROGRAMS TO BUILD SOCIAL CAPITAL IN MASSACHUSETTS COMMUNITIES. FROM DEVELOPING A PROGRAM TO ENSURE EQUITY IN VACCINE ACCESS, TO GIVING YOUTH THE OPPORTUNITY TO PUT THEIR IDEAS INTO ACTION, SCI RESPONDED TO WHAT OUR COMMUNITIES NEED. SCI AMERICORPS MEMBERS SERVED OVER 30,000 HOURS, CONNECTING YOUNG PEOPLE WITH THE RELATIONSHIPS, EXPERIENCES, AND RESOURCES THEY NEED TO SUCCEED. 24 FULL-TIME SCI AMERICORPS MEMBERS COORDINATED YOUTH LEADERSHIP PROGRAMS, PLANNED COMMUNITY EVENTS, AND MANAGED ONLINE COMMUNITY OUTREACH TOOLS. SCI AMERICORPS MEMBERS MOBILIZED 1755 VOLUNTEERS THAT SERVED A TOTAL OF OVER 3,000 HOURS. SCI STAFF AND SCI AMERICORPS MEMBERS PILOTED THE FIRST SCI YOUTH GRANT PITCH CONTEST WHICH PROVIDED COACHING AND FUNDING TO 35 TEENS WHO DEVELOPED PROJECTS ADDRESSING MENTAL HEALTH. THE SCI VACCINE EQUITY & ACCESS PROGRAM (VEAP) WAS INTRODUCED TO INCREASE VACCINATIONS IN COMMUNITIES HARD HIT BY COVID-19 AND TRAINED VEAP AMBASSADORS WHO EACH REACHED HUNDREDS OF PEOPLE IN THEIR NETWORKS. SCI'S VEAP IS TRAINING GRASSROOTS COMMUNITY LEADERS TO SERVE AS AMBASSADORS TO ENGAGE IN CONVERSATIONS ABOUT VACCINATION WITHIN THEIR SOCIAL NETWORKS. SCI FACILITATED PROGRAMS TO ENGAGE PEOPLE IN DISCUSSIONS ABOUT RACIAL EQUITY, INCLUDING BLACK HISTORY MONTH FILM & DISCUSSION SERIES AND OFFERING A SERIES ON DISRUPTING RACISM IN PARTNERSHIP WITH THE NETWORK FOR SOCIAL JUSTICE. ADDITIONALLY, SCI ORGANIZED WOBURN'S 1ST JUNETEENTH CELEBRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David B Crowley President & | OfficerTrustee | 40 | $72,692 |
Jennifer Baker Jones Chair & Dire | OfficerTrustee | 2 | $0 |
William Dillon Clerk & Trea | OfficerTrustee | 2 | $0 |
Adriana Mendes-Sheldon Director | Trustee | 2 | $0 |
Kevin Mcgravey PHD Director | Trustee | 2 | $0 |
Jennifer E Mahon Med Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $70,032 |
| Related organizations | $0 |
| Government grants | $389,772 |
| All other contributions, gifts, grants, and similar amounts not included above | $184,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $644,509 |
| Total Program Service Revenue | $146,474 |
| 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 | $6,002 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $797,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| 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. | $72,263 |
| Compensation of current officers, directors, key employees. | $13,874 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,331 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,625 |
| Payroll taxes | $37,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,837 |
| Advertising and promotion | $1,917 |
| Office expenses | $12,149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,899 |
| Travel | $200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,135 |
| Interest | $1,059 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18 |
| Insurance | $4,608 |
| All other expenses | $0 |
| Total functional expenses | $598,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $42,985 |
| 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 | $1,378 |
| Net Land, buildings, and equipment | $1,590 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $188,229 |
| Accounts payable and accrued expenses | $41,216 |
| Grants payable | $0 |
| Deferred revenue | $20,972 |
| 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 | $4,981 |
| Unsecured mortgages and notes payable | $6,759 |
| Other liabilities | $0 |
| Total liabilities | $73,928 |
| Net assets without donor restrictions | $9,268 |
| Net assets with donor restrictions | $105,033 |
| 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 | $188,229 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Social Capital Inc has recieved totaling $101,067.
| Awarding Organization | Amount |
|---|---|
Community Catalyst Inc Boston, MA PURPOSE: SUPPORT HEALTH ISSUES | $90,000 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $5,100 |
Hamilton Company Charitable Foundation Allston, MA PURPOSE: GENERAL | $5,000 |
Salem Five Charitable Foundation Inc Salem, MA PURPOSE: EXEMPT PURPOSES | $950 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quadrivium New York, NY | $52,883,139 | $7,776,109 |
Alliance For Downtown New York Inc New York, NY | $19,570,349 | $22,494,008 |
Cities For Financial Empowerment Fund Inc New York, NY | $14,654,854 | $7,980,604 |
Bottom Line Inc Boston, MA | $17,407,844 | $19,309,420 |
Cidny-Independent Living Services Inc Brooklyn, NY | $9,867,599 | $12,474,702 |
Neighborhood Stabilization Corporation Boston, MA | $29,880,510 | $6,854,139 |
Hunt Community Nashua, NH | $57,177,918 | $15,936,193 |
Buffalo Urban Development Corporation Buffalo, NY | $100,186,156 | $9,769,050 |
The Fund For Parks And Recreation In Boston Boston, MA | $15,922,090 | $6,711,889 |
128 West Transportation Council Inc Waltham, MA | $2,138,696 | $3,791,714 |
Mass Mentoring Partnership Inc Boston, MA | $3,908,855 | $3,737,455 |
Excavators 731 Property Corp Astoria, NY | $23,888,581 | $2,129,993 |