Civic Intelligence

Pittsburgh Social Venture Partners

990 • Fiscal year 2020 • EIN 25-1893152

Jan 01, 2020 to Dec 31, 2020 • Filed on May 18, 2021

11 Stanwix Street 12th FloorPittsburgh, PA 15222

(412) 805-7734

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.89x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

0.71x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

80th percentile

32%

Higher net margin than 80% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

53rd percentile

6.1%

Faster asset growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

14th percentile

-67%

Faster revenue growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$20,090

Up $1,148 (+6.1%) from 2019

Net Assets

Up

$2,110

Up $8,123 (+135%) from 2019

Liabilities

Down

$17,980

Down $6,975 (-28%) from 2019

Revenue

Down

$25,262

Down $50,999 (-67%) from 2019

Expenses

Down

$17,139

Down $92,924 (-84%) from 2019

Net Income

Up

$8,123

Up $41,925 (+124%) from 2019

Historical Trend

Balance Sheet Trend

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

$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

2020

Assets$20,090
Liabilities$17,980
Net Assets$2,110

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$25,262
Expenses$17,139
Net Income$8,123
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 18, 2021
Return Version
2020v4.0
Gross Receipts
$25,262
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$10,892$20,090▲ $9,198
Accounts Receivable$8,050--
Total Assets$18,942$20,090▲ $1,148
Liabilities
Deferred Revenue-$16,200-
Accounts Payable and Accrued Expenses$24,955$1,780▼ $23,175
Total Liabilities$24,955$17,980▼ $6,975
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-6,013$2,110▲ $8,123
Total Net Assets Fund Balance$-6,013$2,110▲ $8,123
Total Liabilities and Net Assets / Fund Balance$18,942$20,090▲ $1,148

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
Kenny ChenBoard Member
Max RieckBoard Member
Pam EichenbaumBoard Member
Brett FulesdayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,717
Program Service Revenue
$1,043
Investment Income
$2
Other Revenue
$4,500
All Other Contributions
$19,717
Change in Net Assets
$8,123

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,262
Total Revenue per Audited Statements
$25,262
Total Revenue per Form 990
$25,262
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,139
Total Fundraising Expense$64
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-$6,329-$6,329
Insurance$448$309$57$814
Other Expenses$770$976-$770
All Other Expenses$55$38$7$100
Total Functional Expenses$9,423$7,652$64$17,139

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,139
Total Expenses per Audited Statements$17,139
Total Expenses per Form 990$17,139
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 duites 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 executive director of our organization and it is available to all members of the board of directors for their review. Everyone is given time to review the draft form 990 and respond with their comments. 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
2021-05-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brett Fulesday
Formed
2000
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
18

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 and has met or exceeded our expectations for providing partners with meaningful opportunities to work with and support nonprofit innovation and impact. Full circle expands our reach to more nonprofit organizations since we run two cohort groups per year. 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. Although we did partner with a pittsburgh, pennsylvania-based management consultancy that specializes in strategic communication and crisis management to provide a free webinar for the benefit of nonprofit organizations, and although we did offer to psvp partners tailored diversity, equity and inclusion training over three virtual sessions, we do not believe that full circle's performance in 2020, operationally or programmatically, can be compared within reason to full circle's performance in prior years due to the pandemic. The feedback that we have received through surveys with the full circle nonprofits and 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 previous 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 our partners to use broader sets of their skills and experience. The workshop-style sessions give partners the opportunity to interact and connect with multiple nonprofits as well as with each other. Several 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).

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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 AND HAS MET OR EXCEEDED OUR EXPECTATIONS FOR PROVIDING PARTNERS WITH MEANINGFUL OPPORTUNITIES TO WORK WITH AND SUPPORT NONPROFIT INNOVATION AND IMPACT. FULL CIRCLE EXPANDS OUR REACH TO MORE NONPROFIT ORGANIZATIONS SINCE WE RUN TWO COHORT GROUPS PER YEAR. 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. ALTHOUGH WE DID PARTNER WITH A PITTSBURGH, PENNSYLVANIA-BASED MANAGEMENT CONSULTANCY THAT SPECIALIZES IN STRATEGIC COMMUNICATION AND CRISIS MANAGEMENT TO PROVIDE A FREE WEBINAR FOR THE BENEFIT OF NONPROFIT ORGANIZATIONS, AND ALTHOUGH WE DID OFFER TO PSVP PARTNERS TAILORED DIVERSITY, EQUITY AND INCLUSION TRAINING OVER THREE VIRTUAL SESSIONS, WE DO NOT BELIEVE THAT FULL CIRCLE'S PERFORMANCE IN 2020, OPERATIONALLY OR PROGRAMMATICALLY, CAN BE COMPARED WITHIN REASON TO FULL CIRCLE'S PERFORMANCE IN PRIOR YEARS DUE TO THE PANDEMIC. THE FEEDBACK THAT WE HAVE RECEIVED THROUGH SURVEYS WITH THE FULL CIRCLE NONPROFITS AND 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 PREVIOUS 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 OUR PARTNERS TO USE BROADER SETS OF THEIR SKILLS AND EXPERIENCE. THE WORKSHOP-STYLE SESSIONS GIVE PARTNERS THE OPPORTUNITY TO INTERACT AND CONNECT WITH MULTIPLE NONPROFITS AS WELL AS WITH EACH OTHER. SEVERAL 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).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DELEGATES MANAGEMENT DUITES TO A MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OUR ACCOUNTING FIRM PREPARES AND DELIVERS A DRAFT OF THE FORM 990 TO THE EXECUTIVE DIRECTOR OF OUR ORGANIZATION AND IT IS AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW. EVERYONE IS GIVEN TIME TO REVIEW THE DRAFT FORM 990 AND RESPOND WITH THEIR COMMENTS. 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
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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
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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
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0116 FOX PLAN ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONROEVILLE
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER C NADZADI
ReturnHeader/ReturnTs02021-10-26T12:39:53-05:00
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