Socialventures

Columbus, OHUnknown exempt organization EIN 47-1396726Revenue $29K in FY2023Latest return filed Feb 14, 2024

On file with the IRSsocialventurescbus.comColumbus, OH

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The center provides outreach and advocacy, training, and access to capital to foster development of sustainable social enterprises that provide needed social impact while earning sufficient revenue to be independent of grant support.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-1396726) · Dispute this line
28¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $41K a year · 20% of revenue · last 4 filings
A surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
28%
of spending
28% of spending went to programs.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $7K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$29K
-87% vs prior year
Spent
$23K
To programs
28%
Net assets
$0
By yearFY2020–FY2023
Revenue
$29K
FY2023▼ -87%
Tap a bar for its year
Revenue by fiscal year
FY2020$253K
FY2021$303K
FY2022$221K
FY2023$29K
Expenses
$23K
FY2023▼ -91%
Tap a bar for its year
Expenses by fiscal year
FY2020$388K
FY2021$306K
FY2022$252K
FY2023$23K
Net assets
$0
FY2023▲ +100%
Tap a bar for its year
Net assets by fiscal year
FY2020$28K
FY2021$25K
FY2022−$6K
FY2023$0

From the FY2023 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

28 cents of each dollar spent went to programs.

Program services 28% · $7K Management & general 64% · $15K Fundraising 8% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Interim CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Allen Proctor——$84,203
Vicki Bowen Hewes$79,787$44,650—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Socialventures executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports social enterprises with training, capital, and advocacy for sustainable impact.

Questions for Socialventures

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3 programs · $7K · in their own filed words · FY2023
01

Build the Movement

We enhance the connection of social entrepreneurs to the consumer, volunteer, investor, and nonprofit board member through our online marketplace, a listing of central ohio social enterprises and their products, services, and impact.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-1396726) · Dispute this line
$3Kprogram expense
02

Build the Movement

We offer accelerators, workshops, and programs to give entrepreneurs knowledge, skills, and advice to help their businesses thrive. We also provide free consulting one afternoon per week and match entrepreneurs with mentors.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-1396726) · Dispute this line
$3Kprogram expense
03

Improve Access to Capital

Through individual meetings and presentations and through the columbus funds series of workshops with the small business development center, we introduce social entrepreneurs to impact investing basics and appropriate sources of capital (angel and early-stage investors).

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-1396726) · Dispute this line
$1Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$29K
Ln 12
Gifts and grantsLn 1h$29K
Money outPt IX
$23K
Ln 25
Programscol B$7K
Managementcol C$15K
Fundraisingcol D$2K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Government grantsLn 1e$26K
Total revenueLn 12$29K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 510
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Total assetsLn 16$144K$0
LiabilitiesLn 26$150K$0
Net assetsLn 32−$6K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$11K$6K$3K$2K
OccupancyLn 16−$264−$148−$74−$42
InterestLn 20$2K$2K
InsuranceLn 23$1K$617$309$176
Other expenses (24a–d)Ln 24$175$167$8
Total functional expensesLn 25$23K$7K$15K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Feb 14, 2024 $29K$23K$6K$0 990 PDF
FY2022Filed with the IRS May 11, 2023 $221K$252K−$31K−$6K 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $303K$306K−$3K$25K 990 PDF
FY2020Filed with the IRS May 19, 2021 $253K$388K−$135K$28K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $28,889 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $234,800$28,889
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$13,808$0
I-12 Total revenuePrior year $220,992$28,889
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $132,407$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $119,299$23,141
I-18 Total expensesPrior year $251,706$23,141
I-19 Revenue less expensesPrior year −$30,714$5,748
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $28,889 across 4 lines filed
VIII-1e Government grants$26,096
VIII-1f All other contributions, gifts and grants$2,793
VIII-1h Total contributions, gifts and grants$28,889
VIII-12 Total revenue$28,889
Part IX · Statement of functional expenses $23,141 across 7 lines filed
IX-11b Legal feesManagement $6,821$6,821
IX-11c Accounting feesManagement $2,694$2,694
IX-11g Other fees for servicesPrograms $5,898 · Management $2,949 · Fundraising $1,685$10,532
IX-16 OccupancyPrograms −$148 · Management −$74 · Fundraising −$42−$264
IX-20 InterestManagement $2,081$2,081
IX-23 InsurancePrograms $617 · Management $309 · Fundraising $176$1,102
IX-24 Other expenses (24a–d)Programs $167 · Management $8$175
IX-25 Total functional expensesPrograms $6,534 · Management $14,788 · Fundraising $1,819$23,141
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $143,756$0
X-26 Total liabilitiesStart of year $149,504$0
X-32 Total net assets or fund balancesStart of year −$5,748$0
X-33 Total liabilities and net assetsStart of year $143,756$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$28,889
XI-2 Total expenses$23,141
XI-3 Revenue less expenses$5,748
XI-4 Net assets at start of year−$5,748
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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