Social Impact Partners Inc
- Assets
- $1.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Westport, CT
- Founding
- Data as of
- 06/2022
- EIN
- 85-1704762
Organization Overview
Social Impact Partners Inc is located in Westport, CT. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Social Impact Partners Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Impact Partners 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 Impact Partners Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Social Impact Partners Inc has awarded 26 individual grants totaling $843,095. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING EQUITABLE SOLUTIONS FOR CLOSING THE OPPORTUNITY GAP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL VENTURE PARTNERS CONNECTICUT, INC. (SVP) WORKS WITH NONPROFIT ORGANIZATIONS, STATE GOVERNMENT, AND THE PRIVATE SECTOR TO BUILD MORE EQUITABLE AND EFFECTIVE WORKFORCE DEVELOPMENT AND EARLY CHILD CARE AND EDUCATION SYSTEMS AND PROGRAMS, AND SUPPORT GREATER RACIAL EQUITY ACROSS CONNECTICUT'S ECONOMIC AND SOCIAL SYSTEMS. SVP SUPPORTS THE DEVELOPMENT AND EXECUTION OF COMPREHENSIVE STRATEGIES AND INITIATIVES IN THESE AREAS TO SUPPORT UNDERSERVED POPULATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Kendall Chair | OfficerTrustee | 10 | $0 |
Chris Kunhardt Treasurer | OfficerTrustee | 10 | $0 |
Jamilah Prince-Stewart Vice Chair | OfficerTrustee | 10 | $0 |
Karen Brown Director | Trustee | 5 | $0 |
Will Ginsburg Director | Trustee | 5 | $0 |
Phil Butterfield Director | Trustee | 5 | $0 |
Financial Statements
| 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 | $1,864,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,864,307 |
| Total Program Service Revenue | $0 |
| Investment income | $2,279 |
| 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 | $1,866,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,595 |
| 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. | $146,462 |
| Compensation of current officers, directors, key employees. | $30,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $626,359 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,370 |
| Payroll taxes | $62,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,601 |
| Fees for services: Accounting | $22,464 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,253 |
| Advertising and promotion | $0 |
| Office expenses | $41,003 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,750 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $9,887 |
| All other expenses | $2,762 |
| Total functional expenses | $1,259,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,423 |
| Savings and temporary cash investments | $975,149 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,373 |
| 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 | $0 |
| 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 | $1,041,945 |
| Accounts payable and accrued expenses | $10,520 |
| Grants payable | $32,500 |
| 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 | $43,020 |
| Net assets without donor restrictions | $232,650 |
| Net assets with donor restrictions | $766,275 |
| 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 | $1,041,945 |
Grants Awarded
Over the last fiscal year, Social Impact Partners Inc has awarded $245,595 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
STATE OF CONNECTICUT PURPOSE: Support of COVID 19 mitigation and recovery advisors | $125,000 |
CAREER RESOURCES INC PURPOSE: Support of Career Resources development resources and general operating support | $13,095 |
READYCT INC PURPOSE: General operating support | $25,000 |
OPEN DOORS SHELTER INC PURPOSE: General operating support | $25,000 |
NORWALK ACTS PURPOSE: General operating support | $25,000 |
THE GREATER BRIDGEPORT OPPORTUNITIES INDUSTRIALIZATION CENTER PURPOSE: General operating support | $25,000 |