Civic Intelligence

Pittsburgh Social Venture Partners C/O Shift Collaborative

EIN 25-1893152 • 501(c)3 • Pittsburgh, PA

Profile

The organization is a philanthropic organization consisting of a diverse network of individuals who invest their time, expertise and capital in innovative non-profits serving at-risk youths in allegheny county, pa.

11 Stanwix Street 12th FloorPittsburgh, PA 15222

www.svppittsburgh.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.26x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

0.40x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

20th percentile

-28%

Higher net margin than 20% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

33rd percentile

-15%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

14th percentile

-60%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$49,006

Down $8,949 (-15%) from 2021

Liabilities

Down

$12,500

Down $200 (-1.6%) from 2021

Net Assets

Down

$36,506

Down $8,749 (-19%) from 2021

Revenue

Down

$31,296

Down $46,677 (-60%) from 2021

Expenses

Up

$40,045

Up $5,217 (+15%) from 2021

Net Income

Down

-$8,749

Down $51,894 (-120%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0-$50KAssets 2011: $96,614Liabilities 2011: $25,687Net Assets 2011: $70,9272011Assets 2012: $90,327Liabilities 2012: $30,109Net Assets 2012: $60,2182012Assets 2013: $125,082Liabilities 2013: $8,052Net Assets 2013: $117,0302013Assets 2014: $106,180Liabilities 2014: $76Net Assets 2014: $106,1042014Assets 2016: $56,815Liabilities 2016: $139Net Assets 2016: $56,6762016Assets 2017: $64,848Liabilities 2017: $7,549Net Assets 2017: $57,2992017Assets 2018: $56,544Liabilities 2018: $28,755Net Assets 2018: $27,7892018Assets 2019: $18,942Liabilities 2019: $24,955Net Assets 2019: -$6,0132019Assets 2020: $20,090Liabilities 2020: $17,980Net Assets 2020: $2,1102020Assets 2021: $57,955Liabilities 2021: $12,700Net Assets 2021: $45,2552021Assets 2022: $49,006Liabilities 2022: $12,500Net Assets 2022: $36,5062022

Highlighted filing

2022

Assets$49,006
Liabilities$12,500
Net Assets$36,506

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $174,9002011Expenses 2012: $212,6312012Revenue 2013: $245,487Expenses 2013: $188,675Net Income 2013: $56,8122013Revenue 2014: $223,694Expenses 2014: $234,620Net Income 2014: -$10,9262014Revenue 2016: $91,828Expenses 2016: $152,720Net Income 2016: -$60,8922016Revenue 2017: $103,086Expenses 2017: $102,463Net Income 2017: $6232017Revenue 2018: $87,018Expenses 2018: $116,528Net Income 2018: -$29,5102018Revenue 2019: $76,261Expenses 2019: $110,063Net Income 2019: -$33,8022019Revenue 2020: $25,262Expenses 2020: $17,139Net Income 2020: $8,1232020Revenue 2021: $77,973Expenses 2021: $34,828Net Income 2021: $43,1452021Revenue 2022: $31,296Expenses 2022: $40,045Net Income 2022: -$8,7492022

Highlighted filing

2022

Revenue$31,296
Expenses$40,045
Net Income-$8,749

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 3, 2023
Return Version
2022v5.0
Gross Receipts
$31,296
Mission and Program Overview

Mission

The organization is a philanthropic organization consisting of a diverse network of individuals who invest their time, expertise and capital in accelerating the social impact made by nonprofit organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$56,441$47,990▼ $8,451
Prepaid Expenses and Deferred Charges$1,014$1,016▲ $2
Accounts Receivable$500--
Total Assets$57,955$49,006▼ $8,949
Liabilities
Accounts Payable and Accrued Expenses$1,500$10,500▲ $9,000
Deferred Revenue$11,200$2,000▼ $9,200
Total Liabilities$12,700$12,500▼ $200
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$37,255$36,506▼ $749
Net Assets With Donor Restrictions$8,000--
Total Net Assets Fund Balance$45,255$36,506▼ $8,749
Total Liabilities and Net Assets / Fund Balance$57,955$49,006▼ $8,949

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$3,328$3,328
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jon HalpernBoard Chair
Lou CamerlengoVice Chair
Ben UtterBoard Member
Charlie DolanBoard Member
Eileen ForresterBoard Member
John MahoodBoard Member
Kaitlin MansfieldBoard Member
Max RieckBoard Member
Brett FulesdayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,035
Program Service Revenue
$1,257
Investment Income
$4
Other Revenue
$0
All Other Contributions
$30,035
Change in Net Assets
$-8,749

Audited Revenue Reconciliation

Revenue per Audited Statements
$31,296
Total Revenue per Audited Statements
$31,296
Total Revenue per Form 990
$31,296
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$40,045
Total Fundraising Expense$129
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$6,235-$6,235
Insurance$957$661$122$1,740
Other Expenses$8,000$1,381-$1,381
All Other Expenses$1,144$38$7$1,189
Total Functional Expenses$27,601$12,315$129$40,045

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$40,045
Total Expenses per Audited Statements$40,045
Total Expenses per Form 990$40,045
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization delegates management duties to a management company.

Form 990, Page 6, Part VI, Line 11B

Our accounting firm prepares and delivers a draft of the form 990 to the treasurer of our organization, who makes it available to all members of the board of directors for their review. Everyone is given time to review the draft form 990 and to respond with comments and questions. After this period, all appropriate edits are made to the draft form 990. The final edited form 990 is then filed with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

Annually all board members are provided with a copy of our organization's conflict of interest policy to read and review. All board members are required to disclose all current conflicts and any other conflicts as they arise. This way management and the board can monitor all conflicts and enforce the conflict of interest policy on a current basis.

Form 990, Page 6, Part VI, Line 19

The organization will provide copies of governing documents, conflict of interest policy, and financial statements to the public upon request.

Filing and Contact Details

Filer

Filer Name
Pittsburgh Social Venture Partners
EIN
25-1893152
Address
11 STANWIX STREET 12TH FLOOR, PITTSBURGH, PA 15222
Doing Business As
Social Venture Partners- Pittsburgh

Signing Officer

Name
Brett Fulesday
Title
Treasurer
Signed
2023-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brett Fulesday
Formed
2000
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
10

Preparer

Firm
Buckler Mckenney & Nadzadi Pc
Address
116 FOX PLAN ROAD, MONROEVILLE, PA 15146
Preparer
Jennifer C Nadzadi
Phone
4128567880
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization is a philanthropic organization consisting of a diverse network of individuals who invest their time, expertise and capital in accelerating the social impact made by nonprofit organizations.

Form 990, Page 1, Part I, Line 6

Psvp is a volunteer organization. All partners (volunteers) share their personal and professional expertise with nonprofits who are engaged with psvp through its grant-making programs.

Form 990, Page 2, Part III, Line 4A

Full circle program our model - full circle - is pittsburgh's impact accelerator for nonprofit organizations. Entering 2020, we expected full circle to run two cohort groups of nonprofit organizations during the year, as we did in 2019. However, due to the onset of the covid-19 pandemic, in 2020, we did not field any nonprofit cohorts. As we entered 2021, given the ongoing covid-19 pandemic, we did not know whether we would be able to field any nonprofit cohorts. However, as the year progressed and as the circumstances surrounding the pandemic continued to evolve, we ultimately fielded two cohorts, in which nonprofit participants were paired with teams of psvp partners who served as executive coaches, working directly with each nonprofit throughout the process. The psvp partners' time and efforts coaching the nonprofits were entirely voluntary. The full circle program manager and the board of directors organized the coaching teams, coordinated programming with the nonprofits and ran the workshops. Each cohort culminated with a pitch event, after which point a nonprofit received a financial grant (so long as we received, in advance, certain required information and documentation). The feedback that we have received through surveys with the full circle nonprofits and psvp partners who have been executive coaches has been positive. The participating nonprofits credit the takeaways from the program as key aids in gaining new funding, improving their messaging to the public and to their stakeholders as well as improving their overall sustainability. While we have received positive feedback on prior years' programming, we strive to attempt to provide deeper involvement and developing skills to a wider range and more-diverse set of organizations each year. As part of the program, the breadth of skill-building (i.e., not simply pitch events, but workshops on financial sustainability and resource mapping) allows more of the psvp partners to use broader sets of their skills and experience. The workshop-style sessions give psvp partners the opportunity to interact and connect with multiple nonprofits as well as with each other. Several psvp partners have continued their work with their nonprofits after the programs have ended (for example, by joining the nonprofit's board or volunteering in other ways). In 2022, full circle was able to return to in-person programming for all events (program was conducted online only during pandemic shutdown). We also began outreach including a social event to potential new partners for svp to increase participation and ensure financial sustainability. Svp also conducted focus groups and individual interviews with past fellows and prospective partners to get information that helps us plan for future programming.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A PHILANTHROPIC ORGANIZATION CONSISTING OF A DIVERSE NETWORK OF INDIVIDUALS WHO INVEST THEIR TIME, EXPERTISE AND CAPITAL IN ACCELERATING THE SOCIAL IMPACT MADE BY NONPROFIT ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PSVP IS A VOLUNTEER ORGANIZATION. ALL PARTNERS (VOLUNTEERS) SHARE THEIR PERSONAL AND PROFESSIONAL EXPERTISE WITH NONPROFITS WHO ARE ENGAGED WITH PSVP THROUGH ITS GRANT-MAKING PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FULL CIRCLE PROGRAM OUR MODEL - FULL CIRCLE - IS PITTSBURGH'S IMPACT ACCELERATOR FOR NONPROFIT ORGANIZATIONS. ENTERING 2020, WE EXPECTED FULL CIRCLE TO RUN TWO COHORT GROUPS OF NONPROFIT ORGANIZATIONS DURING THE YEAR, AS WE DID IN 2019. HOWEVER, DUE TO THE ONSET OF THE COVID-19 PANDEMIC, IN 2020, WE DID NOT FIELD ANY NONPROFIT COHORTS. AS WE ENTERED 2021, GIVEN THE ONGOING COVID-19 PANDEMIC, WE DID NOT KNOW WHETHER WE WOULD BE ABLE TO FIELD ANY NONPROFIT COHORTS. HOWEVER, AS THE YEAR PROGRESSED AND AS THE CIRCUMSTANCES SURROUNDING THE PANDEMIC CONTINUED TO EVOLVE, WE ULTIMATELY FIELDED TWO COHORTS, IN WHICH NONPROFIT PARTICIPANTS WERE PAIRED WITH TEAMS OF PSVP PARTNERS WHO SERVED AS EXECUTIVE COACHES, WORKING DIRECTLY WITH EACH NONPROFIT THROUGHOUT THE PROCESS. THE PSVP PARTNERS' TIME AND EFFORTS COACHING THE NONPROFITS WERE ENTIRELY VOLUNTARY. THE FULL CIRCLE PROGRAM MANAGER AND THE BOARD OF DIRECTORS ORGANIZED THE COACHING TEAMS, COORDINATED PROGRAMMING WITH THE NONPROFITS AND RAN THE WORKSHOPS. EACH COHORT CULMINATED WITH A PITCH EVENT, AFTER WHICH POINT A NONPROFIT RECEIVED A FINANCIAL GRANT (SO LONG AS WE RECEIVED, IN ADVANCE, CERTAIN REQUIRED INFORMATION AND DOCUMENTATION). THE FEEDBACK THAT WE HAVE RECEIVED THROUGH SURVEYS WITH THE FULL CIRCLE NONPROFITS AND PSVP PARTNERS WHO HAVE BEEN EXECUTIVE COACHES HAS BEEN POSITIVE. THE PARTICIPATING NONPROFITS CREDIT THE TAKEAWAYS FROM THE PROGRAM AS KEY AIDS IN GAINING NEW FUNDING, IMPROVING THEIR MESSAGING TO THE PUBLIC AND TO THEIR STAKEHOLDERS AS WELL AS IMPROVING THEIR OVERALL SUSTAINABILITY. WHILE WE HAVE RECEIVED POSITIVE FEEDBACK ON PRIOR YEARS' PROGRAMMING, WE STRIVE TO ATTEMPT TO PROVIDE DEEPER INVOLVEMENT AND DEVELOPING SKILLS TO A WIDER RANGE AND MORE-DIVERSE SET OF ORGANIZATIONS EACH YEAR. AS PART OF THE PROGRAM, THE BREADTH OF SKILL-BUILDING (I.E., NOT SIMPLY PITCH EVENTS, BUT WORKSHOPS ON FINANCIAL SUSTAINABILITY AND RESOURCE MAPPING) ALLOWS MORE OF THE PSVP PARTNERS TO USE BROADER SETS OF THEIR SKILLS AND EXPERIENCE. THE WORKSHOP-STYLE SESSIONS GIVE PSVP PARTNERS THE OPPORTUNITY TO INTERACT AND CONNECT WITH MULTIPLE NONPROFITS AS WELL AS WITH EACH OTHER. SEVERAL PSVP PARTNERS HAVE CONTINUED THEIR WORK WITH THEIR NONPROFITS AFTER THE PROGRAMS HAVE ENDED (FOR EXAMPLE, BY JOINING THE NONPROFIT'S BOARD OR VOLUNTEERING IN OTHER WAYS). IN 2022, FULL CIRCLE WAS ABLE TO RETURN TO IN-PERSON PROGRAMMING FOR ALL EVENTS (PROGRAM WAS CONDUCTED ONLINE ONLY DURING PANDEMIC SHUTDOWN). WE ALSO BEGAN OUTREACH INCLUDING A SOCIAL EVENT TO POTENTIAL NEW PARTNERS FOR SVP TO INCREASE PARTICIPATION AND ENSURE FINANCIAL SUSTAINABILITY. SVP ALSO CONDUCTED FOCUS GROUPS AND INDIVIDUAL INTERVIEWS WITH PAST FELLOWS AND PROSPECTIVE PARTNERS TO GET INFORMATION THAT HELPS US PLAN FOR FUTURE PROGRAMMING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DELEGATES MANAGEMENT DUTIES TO A MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OUR ACCOUNTING FIRM PREPARES AND DELIVERS A DRAFT OF THE FORM 990 TO THE TREASURER OF OUR ORGANIZATION, WHO MAKES IT AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW. EVERYONE IS GIVEN TIME TO REVIEW THE DRAFT FORM 990 AND TO RESPOND WITH COMMENTS AND QUESTIONS. AFTER THIS PERIOD, ALL APPROPRIATE EDITS ARE MADE TO THE DRAFT FORM 990. THE FINAL EDITED FORM 990 IS THEN FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUALLY ALL BOARD MEMBERS ARE PROVIDED WITH A COPY OF OUR ORGANIZATION'S CONFLICT OF INTEREST POLICY TO READ AND REVIEW. ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE ALL CURRENT CONFLICTS AND ANY OTHER CONFLICTS AS THEY ARISE. THIS WAY MANAGEMENT AND THE BOARD CAN MONITOR ALL CONFLICTS AND ENFORCE THE CONFLICT OF INTEREST POLICY ON A CURRENT BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION WILL PROVIDE COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/PersonNm0BRETT FULESDAY
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PITTSBURGH SOCIAL VENTURE PARTNERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O PINEAPPLE PAYMENTS
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUCKLER MCKENNEY & NADZADI PC
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ReturnHeader/PreparerPersonGrp/PhoneNum04128567880
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER C NADZADI
ReturnHeader/ReturnTs02023-11-07T11:12:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRETT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FULESDAY
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ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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