Social Venture Partners Portland
- Assets
- $1.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Portland, OR
- Founding
- 11/2005
- Data as of
- 12/2023
- EIN
- 93-1310734
Organization Overview
Social Venture Partners Portland, operating under the name Svp Portland, is located in Portland, OR. The organization was established in 2005. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Svp Portland employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Svp Portland 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 12/2023, Svp Portland generated $1.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 12.4% per year over the past 5 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 2019, Svp Portland has awarded 48 individual grants totaling $1,611,410. 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
TO MOBILIZE HUMAN, SOCIAL & FINANCIAL CAPITAL FOR INVESTMENT IN IMPROVING ACCESS TO HIGH QUALITY EARLY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY MISSION OF SVP PORTLAND IS TO PROVIDE CAPACITY-BUILDING SUPPORT TO THE NONPROFIT GRANTEES WE CALL COMMUNITY PARTNERS. IN 2023, THE PARTNERSHIP OF 100+ INDIVIDUALS INVESTED $120,000 IN CASH GRANTS AND 1839 HOURS (A NON-CASH VALUE OF $459,750) AND TOGETHER, THESE REPRESENT A VALUE OF $579,750 OF COMMUNITY INVESTMENTS INTO A PORTFOLIO OF 12 NONPROFIT ORGANIZATIONS AND COLLABORATIVE PROJECTS THAT ARE FOCUSED ON ENSURING THAT ALL CHILDREN REGARDLESS OF RACE, ETHNICITY, WEALTH, RELIGION, GENDER, OR ZIP CODE HAVE ACCESS TO HIGH-QUALITY, CULTURALLY-RELEVANT EARLY LEARNING EXPERIENCES.
CCFI: WITH INCREASED INVESTMENT IN MULTNOMAH COUNTY'S PRESCHOOL FOR ALL, OUR COMMUNITY HAS CREATED A UNIQUE OPPORTUNITY TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION TO MANY MORE OF OUR CHILDREN. ONE OF THE MAJOR CHALLENGES TO ACHIEVING UNIVERSAL CHILD CARE/PRESCHOOL IS THE LACK OF AVAILABLE SLOTS. OUR COMMUNITY NEEDS MANY MORE PROVIDERS AND FACILITIES TO MEET CURRENT AND FUTURE DEMAND. CURRENTLY, THE PATH TO OPENING A NEW OR EXPANDED FACILITY IS DAUNTING FINANCIALLY AND DEMANDING IN TERMS OF TIME AND ENGAGEMENT. CONSEQUENTLY, IN 2022 SVP LAUNCHED THE CHILD CARE FACILITIES INITIATIVE (CCFI), WITH THE GOAL OF SHIFTING THE PORTLAND METROPOLITAN CHILDCARE FACILITIES MARKET TO MORE EFFICIENTLY AND EFFECTIVELY CONNECT SUPPLY AND DEMAND WITH MINIMAL SUBSIDIES AND INTERVENTIONS. IN 2024, THIS PROGRAM WILL SHIFT TO CRAFT3.
THE EQUITY COLLABORATIVE IS COMPOSED OF SIX PARTNER ORGANIZATIONS: BLACK PARENT INITIATIVE (BPI), IMMIGRANT & REFUGEE COMMUNITY ORGANIZATION (IRCO), KAIROSPDX, LATINO NETWORK, PCUN (PINEROS Y CAMPESINOS UNIDOS DEL NOROESTE) AND NATIVE AMERICAN YOUTH AND FAMILY CENTER (NAYA). SVP PORTLAND PROVIDED GRANT FUNDING TO THE EQUITY COLLABORATIVE AND SERVED AS ITS FISCAL COORDINATOR AND LEAD CAPACITY BUILDER. USING GRANT FUNDS, THEY ARE WORKING COLLECTIVELY TO INCREASE INVESTMENTS IN CULTURALLY-SPECIFIC EARLY CHILDHOOD PRACTICES AND SHIFT THE PUBLIC NARRATIVE IN ORDER TO MAKE RACIAL EQUITY A PRIORITY IN OREGON'S EARLY EDUCATION SYSTEM. THE PROGRAM WAS SHIFTED TO CHILDREN'S INSTITUTE IN 2023.
AS PART OF SVP PORTLAND, THE ENCORE FELLOWS PROGRAM PROVIDES A SOURCE OF NEW TALENT FOR NONPROFIT ORGANIZATIONS, HELPS INDIVIDUALS TRANSITION INTO SOCIAL-IMPACT WORK, AND GIVES CORPORATIONS AND FOUNDATIONS A NEW WAY TO POSITIVELY IMPACT THEIR COMMUNITIES. ENCORE FELLOWS ARE CAREFULLY MATCHED WITH THEIR HOST NONPROFIT ORGANIZATIONS FOR A TIME-LIMITED PROJECT AFTER RETIRING FROM A PROFESSIONAL CAREER. IN 2023, 36 FELLOWS WERE MATCHED AND PROVIDED MORE THAN 30,000 HOURS OF WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Tate President | OfficerTrustee | 1 | $0 |
Larry Fox Treasurer | OfficerTrustee | 1 | $0 |
Steve Fields Secretary | OfficerTrustee | 1 | $0 |
Charlie Gilkey Director | Trustee | 1 | $0 |
Bala Sudarshan Cadambi Director | Trustee | 1 | $0 |
Lauren Johnson Executive Director | Officer | 40 | $142,612 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $312,625 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,106,421 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,419,046 |
| Total Program Service Revenue | $150,200 |
| Investment income | $10,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $61 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,580,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $613,429 |
| 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. | $153,875 |
| Compensation of current officers, directors, key employees. | $44,970 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $351,970 |
| Pension plan accruals and contributions | $9,544 |
| Other employee benefits | $20,875 |
| Payroll taxes | $46,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,731 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $365,810 |
| Advertising and promotion | $0 |
| Office expenses | $14,731 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,026 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $108,529 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,331 |
| Total functional expenses | $1,713,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,820,147 |
| Pledges and grants receivable | $18,062 |
| 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 | $1,995 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $59,967 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,900,171 |
| Accounts payable and accrued expenses | $26,027 |
| Grants payable | $425,000 |
| 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 | $451,027 |
| Net assets without donor restrictions | $1,162,959 |
| Net assets with donor restrictions | $286,185 |
| 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 | $1,900,171 |
Grants Awarded
Over the last fiscal year, Social Venture Partners Portland has awarded $613,429 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY ACTION PURPOSE: SVP GENERAL OPERATING GRANTS | $20,000 |
CENTER FOR AFRICAN IMMIGRANTS AND REFUGEESORGANIZATION PURPOSE: SVP GENERAL OPERATING GRANTS | $25,000 |
ALLIANCE FOR EQUITY INMONTESSORI PURPOSE: SVP GENERAL OPERATING GRANTS | $25,000 |
THREADS OF JUSTICE COLLECTIVE PURPOSE: SVP GENERAL OPERATING GRANTS | $15,000 |
LEARNING TRAIN ACADEMY PURPOSE: SVP GENERAL OPERATING GRANTS | $10,000 |
CHILDREN'S INSTITUTE PURPOSE: FUNDS COMPRISING BALANCE RAISED FROM EQUITY COLLABORATIVE WHILE MANAGED BY SVP | $183,429 |