Social Venture Network FY2020 filing

Tax-deductible

Pittsburgh, PA501(c)(3)Arts & CultureEIN 65-0055983

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The organization supports, connects and empowers diverse, innovative business leaders and Social entrepreneurs to create a just and sustainable economy.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$192K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $9K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$192K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$124K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$901K
Spent
$900K
To programs
70%
Net assets
$238K
By yearFY2020–FY2024
Revenue
$901K
FY2020
Revenue by fiscal year
FY2020$901K
FY2021$903K
FY2022$0
FY2023$0
FY2024$118K
Expenses
$900K
FY2020
Expenses by fiscal year
FY2020$900K
FY2021$808K
FY2022$0
FY2023$0
FY2024$166K
Net assets
$238K
FY2020
Net assets by fiscal year
FY2020$238K
FY2021$321K
FY2022$0
FY2023$0
FY2024$136K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1995.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $631K Management & general 22% · $198K Fundraising 8% · $71K

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

7 people listed on the 990; $192K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$110,395Pt VII · Sec A
Former Executive Director
$81,945Pt VII · Sec A
Board Vice-Chair
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A

Isaac Graves’s $132K as Treasurer, Executive Director is at the 97th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2021FY2020
Isaac Graves$131,500$110,395
Valerie Redhorse Mohl—$81,945

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 Social Venture Network executive salaries →

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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 15aYes

Programs and updates

Empowering diverse leaders and entrepreneurs to build a just and sustainable economy.

Provided by the organization

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1 program service account for $631K of program spending, described in the organization's own filed words · FY2020.
01

SVC provides peer programming, conferences, virtual programming, education, news, and resources to support its mission and members.

$631Kprogram expense

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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 · FY2022
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$901K
Ln 12
Fees for servicesLn 2g$521K
Gifts and grantsLn 1h$389K
Investment incomeLn 3$39
Money outPt IX
$900K
Ln 25
Programscol B$631K
Managementcol C$198K
Fundraisingcol D$71K
Owns and owesPt X
$238K
net assets · Ln 32
Cash and savingsLn 1–2$116K
Total assetsLn 16$362K
LiabilitiesLn 26$124K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$389K
Government grantsLn 1e$129K
Fees for servicesLn 2g$521K
Investment incomeLn 3$39
Gains on assetsLn 7−$14K
Total revenueLn 12$901K
Assets in detailPt X, end of year
CashLn 1$112K
SavingsLn 2$4K
Cash and savings togetherLn 1–2$116K
InvestmentsLn 11–13$220K
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$0
Total assetsLn 16$362K
LiabilitiesLn 26$124K
Net assetsLn 32$238K
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$48K$116K
InvestmentsLn 11–13$364K$220K
Land, buildings, equipmentLn 10c$0$2K
Total assetsLn 16$791K$362K
LiabilitiesLn 26$567K$124K
Net assetsLn 32$224K$238K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$204K$80K$73K$51K
Other salaries and wagesLn 7$310K$295K$14K$563
Pension plan contributionsLn 8$12K$9K$2K$608
Other employee benefitsLn 9$29K$25K$2K$1K
Payroll taxesLn 10$45K$33K$7K$4K
Legal feesLn 11b$38K$19K$19K
Accounting feesLn 11c$120K$60K$60K
Other fees for servicesLn 11g$15K$14K$2K
Advertising and promotionLn 12$4K$3K$1K
Office expensesLn 13$14K$14K
Information technologyLn 14$12K$9K$3K
OccupancyLn 16$2K$1K$615$615
TravelLn 17$2K$2K$112
Conferences, conventions and meetingsLn 19$55K$50K$6K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$34K$32K$2K$891
Total functional expensesLn 25$900K$631K$198K$71K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $118K$166K−$48K$136K 990 PDF
FY2023 $0$0$0$0 990 PDF
FY2022 $0$0$0$0 990 PDF
FY2021 $903K$808K$95K$321K 990 PDF
FY2020 Viewing $901K$900K$814$238K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $900,706 across 7 lines filed
Lines not itemized here account for $4,100 of total revenue; see the IRS return.
VIII-1e Government grants$129,100
VIII-1f All other contributions, gifts and grants$260,056
VIII-1h Total contributions, gifts and grants$389,156
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $521,264$521,264
VIII-3 Investment incomeExcluded from tax $39$39
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$13,853−$13,853
VIII-12 Total revenueRelated to mission $521,264 · Unrelated business $0 · Excluded from tax −$9,714$900,706
Part IX · Statement of functional expenses $899,892 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $80,051 · Management $73,005 · Fundraising $51,019$204,075
IX-7 Other salaries and wagesPrograms $295,062 · Management $14,213 · Fundraising $563$309,838
IX-8 Pension plan contributionsPrograms $9,284 · Management $1,615 · Fundraising $608$11,507
IX-9 Other employee benefitsPrograms $24,582 · Management $2,488 · Fundraising $1,476$28,546
IX-10 Payroll taxesPrograms $33,414 · Management $7,461 · Fundraising $4,384$45,259
IX-11b Legal feesPrograms $18,847 · Management $18,847$37,694
IX-11c Accounting feesPrograms $59,875 · Management $59,875$119,750
IX-11g Other fees for servicesPrograms $13,588 · Fundraising $1,510$15,098
IX-12 Advertising and promotionPrograms $3,121 · Fundraising $1,040$4,161
IX-13 Office expensesManagement $14,118$14,118
IX-14 Information technologyPrograms $8,679 · Fundraising $2,893$11,572
IX-16 OccupancyPrograms $1,231 · Management $615 · Fundraising $615$2,461
IX-17 TravelPrograms $2,133 · Fundraising $112$2,245
IX-19 Conferences, conventions and meetingsPrograms $49,678 · Fundraising $5,520$55,198
IX-22 Depreciation, depletion and amortizationManagement $1,730$1,730
IX-23 InsuranceManagement $2,275$2,275
IX-24 Other expenses (24a–d)Programs $31,629 · Management $1,845 · Fundraising $891$34,365
IX-25 Total functional expensesPrograms $631,174 · Management $198,087 · Fundraising $70,631$899,892
Part X · Balance sheet $362,493 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $46,069$111,734
X-2 Savings and temporary cash investmentsStart of year $1,937$4,362
X-4 Accounts receivableStart of year $364,422$21,056
X-9 Prepaid expenses and deferred chargesStart of year $4,475$3,250
X-10c Land, buildings and equipment, netStart of year $0$2,052
X-11 Publicly traded securitiesStart of year $364,100$160,039
X-13 Program-related investments$60,000
X-15 Other assetsStart of year $9,837$0
X-16 Total assetsStart of year $790,840$362,493
X-17 Accounts payable and accrued expensesStart of year $143,544$63,396
X-19 Deferred revenueStart of year $423,209$60,653
X-26 Total liabilitiesStart of year $566,753$124,049
X-27 Net assets without donor restrictionsStart of year $79,987$238,444
X-28 Net assets with donor restrictionsStart of year $144,100$0
X-32 Total net assets or fund balancesStart of year $224,087$238,444
X-33 Total liabilities and net assetsStart of year $790,840$362,493
Part XI · Reconciliation of net assets $238,444 net assets at year end
XI-1 Total revenue$900,706
XI-2 Total expenses$899,892
XI-3 Revenue less expenses$814
XI-4 Net assets at start of year$224,087
XI-5 Net unrealized gains (losses) on investments$13,543
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$238,444

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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