Civic Intelligence

Seven Fund Inc

990 • Fiscal year 2010 • EIN 20-8981997

Apr 01, 2009 to Mar 31, 2010 • Filed on Nov 24, 2010

152 Summer Street c/o AndreasWidmer02143
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.22x

Higher debt load relative to assets than 48% of similar nonprofits.

2010 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$5,830,622

No earlier filing loaded for comparison.

Net Assets

$4,569,808

No earlier filing loaded for comparison.

Liabilities

$1,260,814

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$4,072,545

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $5,830,622Liabilities 2010: $1,260,814Net Assets 2010: $4,569,8082010Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012

Highlighted filing

2010

Assets$5,830,622
Liabilities$1,260,814
Net Assets$4,569,808

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $4,072,5452010Revenue 2012: $49,018Expenses 2012: $2,319,862Net Income 2012: -$2,270,8442012

Highlighted filing

2010

Revenue-
Expenses$4,072,545
Net Income-
Jump To
Filing Snapshot
Filing Period
Apr 1, 2009 to Mar 31, 2010
Signed
Nov 24, 2010
Return Version
2009v1.4
Gross Receipts
$6,091,083
Mission and Program Overview

Major Activities

Activity 2
John Templeton Foundation: Building LinkagesKey program achievements of the JTF Building Linkages grant include identifying and funding several key pieces of original enterprise based solutions to poverty original research and thought leadership; dissemination of previous results and key thought leadership through participation in conferences, other speaking engagements, articles, and op-eds; and publication of the book "In the River They Swim"
Activity 3
John Templeton Foundation: Pioneers of ProsperityThe John Templeton Foundation's Pioneers of Prosperity - Caribbean and Central America grant supported the execution of the Pioneers of Prosperity - Caribbean & Central America in countries across the region. Nearly 1,200 firm competed in 13 countries for the title of Pioneers of Prosperity, and the program received over 500 individual pieces of press coverage regionally and internationally.
Filing and Contact Details

Filer

EIN
20-8981997
Raw XML AppendixShowing 400 of 716 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0AS OF MARCH 31, 2010, THE ORGANIZATION HAS NOT ACCRUED INTEREST AND PENALTIES FOR UNCERTAIN TAX BENEFITS, AS MANAGEMENT BELIEVES THE ORGANIZATION HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME.
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IRS990ScheduleF/Form990ScheduleFPartIV/Explanation0Schedule F, Part I, Line 2: The Social Equity Venture Fund maintains records to substantiate the amount of its grants, the grantees' eligibility for grants, and the selection criteria and process used to award grants. These include a database with submissions; a master database with grant information, reports, and disbursements; and copies of all materials used from a program's inception, through submissions received, through to the end of the grant lifecycle. We also utilize a confidential, external judging process for each program, and retain records of the criteria given to judges, as well as the evaluations submitted by those judges. We have retained these records over the lifetime of SEVEN. The organization's process for monitoring the use of grant funds outside the US is as follows: 1. OFAC compliance: In collaboration with Hanify & King, SEVEN developed an OFAC compliance process. Each potential grantee and their relevant stakeholders are put through the OFAC compliance process, which includes collection of relevant information; screening through the Bridger Insight System; as well as periodic rescreening during the life of the grant. In addition, as a routine part of each grant agreement, grantees are required to agree to comply with SEVEN's OFAC policy. Any potential grantee declining to agree to compliance forfeits the grant. 2.Grant agreement: All grants are governed by a standard grant agreement, outlining the purpose of the grant, required reporting schedule including financial reporting, and the terms under which SEVEN operates, including the appropriate IRS clauses. 3. Extensive reference checking: Each grantee undergoes extensive reference checking prior to the final grant being awarded. 4. Ongoing reporting and regular check-ins: All grantees are required to submit quarterly reports, detailing their progress, which include detailed financial reports. More detailed reports are also due at regular intervals for the program. Grantees are selected at random annually for an internal audit, during which they are required to supply more detailed information. A program officer from SEVEN also speaks to grantees at regular intervals, at least once per quarter, to monitor progress, discuss financial reports, etc. 5. In person meetings and site visits: Where possible, SEVEN conducts an annual in person meeting or on site visit with grantees. 6. Pioneers of Prosperity: The Pioneers of Prosperity program utilizes a specific set of screening and ongoing monitoring criteria. Participating businesses submit two rounds of questionnaires; share their full financials, including tax returns for the country(ies) in which they operate; include an onsite team visit with interviews of various stakeholders in the business; and a final screening process that includes interviews with area experts. The winners receive grants to support training objectives within their firms. Each grantee must submit a grant utilization plan. Once the plans have been approved, vendors are submitted and screened for OFAC compliance. Funds are then wired directly to vendors.
IRS990ScheduleF/Form990ScheduleFPartIV/Identifier0Procedure for Monitoring Grants Outside the U.S.:
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IRS990ScheduleF/GrantsToIndOutsideUS/TypeOfAssistance2Award - Competitive Prize
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