Civic Intelligence

Social Progress Imperative Inc

990 • Fiscal year 2017 • EIN 36-4701434

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 19, 2018

2101 L Street NW No 800Washington, DC 20037

(202) 350-3282

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.02x

Higher debt load relative to assets than 33% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

27th percentile

0.02x

Higher debt load relative to revenue than 27% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

3rd percentile

-98%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$259,749

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 15.8% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

2nd percentile

-52%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

26th percentile

-5.5%

Faster revenue growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,476,564

Down $1,583,601 (-52%) from 2016

Net Assets

Down

$1,440,022

Down $1,600,222 (-53%) from 2016

Liabilities

Up

$36,542

Up $16,621 (+83%) from 2016

Revenue

Down

$1,639,755

Down $95,276 (-5.5%) from 2016

Expenses

Up

$3,239,977

Up $279,763 (+9.5%) from 2016

Net Income

Down

-$1,600,222

Down $375,039 (-31%) from 2016

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 2013: $3,626,749Liabilities 2013: $586,955Net Assets 2013: $3,039,7942013Assets 2014: $1,650,403Liabilities 2014: $175,891Net Assets 2014: $1,474,5122014Assets 2015: $4,296,990Liabilities 2015: $31,563Net Assets 2015: $4,265,4272015Assets 2016: $3,060,165Liabilities 2016: $19,921Net Assets 2016: $3,040,2442016Assets 2017: $1,476,564Liabilities 2017: $36,542Net Assets 2017: $1,440,0222017Assets 2018: $295,707Liabilities 2018: $18,051Net Assets 2018: $277,6562018Assets 2019: $297,540Liabilities 2019: $31,500Net Assets 2019: $266,0402019Assets 2020: $546,300Liabilities 2020: $135,092Net Assets 2020: $411,2082020Assets 2021: $81,900Liabilities 2021: $28,149Net Assets 2021: $53,7512021Assets 2022: $585,884Liabilities 2022: $44,675Net Assets 2022: $541,2092022Assets 2023: $316,109Liabilities 2023: $80,841Net Assets 2023: $235,2682023Assets 2024: $172,101Liabilities 2024: $94,318Net Assets 2024: $77,7832024

Highlighted filing

2017

Assets$1,476,564
Liabilities$36,542
Net Assets$1,440,022

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $2,976,176Expenses 2013: $1,837,156Net Income 2013: $1,139,0202013Revenue 2014: $326,693Expenses 2014: $1,891,975Net Income 2014: -$1,565,2822014Revenue 2015: $4,992,395Expenses 2015: $2,201,480Net Income 2015: $2,790,9152015Revenue 2016: $1,735,031Expenses 2016: $2,960,214Net Income 2016: -$1,225,1832016Revenue 2017: $1,639,755Expenses 2017: $3,239,977Net Income 2017: -$1,600,2222017Revenue 2018: $1,103,397Expenses 2018: $2,265,763Net Income 2018: -$1,162,3662018Revenue 2019: $1,578,192Expenses 2019: $1,589,808Net Income 2019: -$11,6162019Revenue 2020: $1,927,377Expenses 2020: $1,782,209Net Income 2020: $145,1682020Revenue 2021: $1,399,992Expenses 2021: $1,757,449Net Income 2021: -$357,4572021Revenue 2022: $2,694,308Expenses 2022: $2,206,850Net Income 2022: $487,4582022Revenue 2023: $1,102,504Expenses 2023: $1,408,445Net Income 2023: -$305,9412023Revenue 2024: $1,129,156Expenses 2024: $1,286,641Net Income 2024: -$157,4852024

Highlighted filing

2017

Revenue$1,639,755
Expenses$3,239,977
Net Income-$1,600,222
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 19, 2018
Return Version
2017v2.2
Gross Receipts
$1,639,755
Mission and Program Overview

Mission

SPI's mission is to improve the lives of people around the world by fostering research and knowledge sharing on social progress and using data to catalyze action.

A world in which social progress sits alongside economic prosperity as a measure of development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,656,562$806,887▼ $849,675
Pledges and Grants Receivable$1,187,349$350,000▼ $837,349
Cash and Non-Interest-Bearing Accounts$108,817$314,658▲ $205,841
Prepaid Expenses and Deferred Charges$100,000$0▼ $100,000
Land, Buildings, and Equipment, Net$4,237$1,819▼ $2,418
Total Assets$3,060,165$1,476,564▼ $1,583,601
Other Assets Total$3,200$3,200→ $0
Liabilities
Accounts Payable and Accrued Expenses$19,921$36,542▲ $16,621
Total Liabilities$19,921$36,542▲ $16,621
Net Assets / Fund Balance
Unrestricted Net Assets$1,852,894$1,042,105▼ $810,789
Temporarily Rstr Net Assets$1,187,350$397,917▼ $789,433
Total Net Assets Fund Balance$3,040,244$1,440,022▼ $1,600,222
Total Liabilities and Net Assets / Fund Balance$3,060,165$1,476,564▼ $1,583,601

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,819$13,283$15,102
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael GreenCEOFT$250,000$9,749$259,749
Luke GreevesCOOFT$193,800$38,095$231,895
Ladan ManteghiGlobal Director of Partner NetworkFT$186,042$14,676$200,718
Amy WaresDirector of ResearchFT$139,740$33,247$172,987
Abi WeaverGlobal Director of Marketing & CommunicationsFT$144,920$9,324$154,244
Abi WeaverGlobal Director of Marketing & Commu-$143,420$10,824$154,244
Steve ChaplainManager of OperationsFT$110,742$26,618$137,360

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Cultivate PartnersEU strategic consultingBoulevard Charlemagne 92 bte 1, Brussels, Be$121,656
Revenue and Support

Revenue Composition

Contributions and Grants
$1,639,429
Program Service Revenue
$0
Investment Income
$326
Other Revenue
$0
All Other Contributions
$1,639,429
Change in Net Assets
$-1,600,222

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,639,755
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$212,000
Total Revenue per Audited Statements
$1,851,755
Total Revenue per Form 990
$1,639,755
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,847,868
Other Expenses$1,255,420
Total Fundraising Expense$175,809
Grants and Similar Amounts Paid$136,689
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$737,186$94,613$56,486$888,285
Fees for Services Other$670,857$71,553$5,206$747,616
Current Officers, Directors, Trustees, and Key Employees$574,590$73,745$44,027$692,362
Travel$145,053$20,144$21,614$186,811
Foreign Grants$136,689--$136,689
Payroll Taxes$102,690$13,179$7,869$123,738
Occupancy$72,990$29,213$18,493$120,696
Other Employee Benefits$92,110$11,823$7,057$110,990
Fees for Services Accounting-$68,943-$68,943
Office Expenses$29,218$16,461$7,320$52,999
Pension Plan Contributions$26,966$3,460$2,067$32,493
Fees for Services Legal-$27,741-$27,741
Information Technology$17,606$2,103-$19,709
Conferences and Meetings$4,943$4,336$5,299$14,578
Insurance-$8,562-$8,562
Advertising$5,347--$5,347
Depreciation Depletion$1,462$585$371$2,418
Total Functional Expenses$2,617,707$446,461$175,809$3,239,977

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,451,977
Expenses per Audited Statements$3,239,977
Total Expenses per Form 990$3,239,977
Expenses Not Reported on Form 990$212,000
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
2
Spending
$258,345

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador,Grants to recipients located in regionContracted services in region- developing and building strategic relationships with key members of the European Union00$136,689
Europe (Including Iceland & Greenland)Program services-02$121,656
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The Form 990 is prepared by the outside accountants and reviewed by senior management. It is then reviewed by the CEO and circulated to all Directors before filing with the IRS.

Form 990, Part VI, Section B, line 12C

The conflict of interest policy is reviewed annually at the first Board of Directors meeting of the year. Directors are required to disclose interests that could give rise to conflicts. The same conflict of interest policy applies to employees. If a conflict of interest arises, the organization seeks counsel from its attorney and follows appropriate legal or best practice procedures.

Form 990, Part VI, Section B, line 15

Compensation for the CEO was based on reviewing surveys of compensation packages from multiple similar organizations. It was reviewed and approved by the Board of Directors. The compensation process is documented and the last compensation review took place in November 2015. SPI contracted with a third party compensation specialist to benchmark job descriptions for SPI employees based on organization size, budget, and geographic location. Senior staff reviewed the results against the organization's compensation philosophy and made the appropriate compensation decision.

Form 990, Part VI, Section C, line 19

The governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Social Progress Imperative Inc
EIN
36-4701434
Phone
2023503282
Address
2101 L Street NW No 800, Washington, DC 20037

Signing Officer

Name
Michael Green
Title
CEO
Phone
2023503282
Signed
2018-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Green
Formed
2010
Legal Domicile
De
Voting Board Members
6
Independent Board Members
6
Employees
12
Volunteers
6

Preparer

Firm
Rogers & Company PLLC
Address
8300 Boone Boulevard Suite 600, Vienna, VA 22182
Preparer
Lori A Collingsworth
Phone
7038930300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Consultants and contractors: Program service expenses 479,897. Management and general expenses 71,553. Fundraising expenses 5,206. Total expenses 556,656. Advisory Board Honoraria: Program service expenses 190,960. Management and general expenses 0. Fundraising expenses 0. Total expenses 190,960.

Form 990, Part XII, Line 2C:

SPI's Audit Committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process is consistent with previous years.

Financial Statement Notes

Part X, Line 2:

Management evaluated the organization's tax positions and has concluded that the organization has taken no uncertain tax positions that require either recognition or disclosure in the accompanying financial statements.

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IRS990/MissionDesc0SPI's mission is to improve the lives of people around the world by fostering research and knowledge sharing on social progress and using data to catalyze action.
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IRS990/PrincipalOfficerNm0Michael Green
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IRS990/ProgSrvcAccomActy2Grp/Desc0Marketing & Communications: Activities associated with sharing the results and analysis of the social progress index with the global public.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Partner Network: Activities associated with forming a network of organizations throughout the world committed to using the social progress index as a policy analysis and advocacy tool.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management evaluated the organization's tax positions and has concluded that the organization has taken no uncertain tax positions that require either recognition or disclosure in the accompanying financial statements.
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Europe (Including Iceland & Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Contracted services in region- developing and building strategic relationships with key members of the European Union
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grants to recipients located in region
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program services
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Wire transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Define the Social Progress Index as a tool for government, business, social and academic organizations and citizens of eight countries in South America (Argentina, Bolivia, Brazil, Chile, Colombia, Paraguay, Peru and Uruguay)
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador,
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Grantee Selection: SPI may award grants through a competitive or non-competitive process. Under rare circumstances, grantees may be selected without competition on the basis of their unique qualifications. This selection process is called a sole source and requires that SPI justify why open solicitation was not engaged to identify other potential grantees to provide the services needed. Awards must follow the appropriate schedule of authority. In general a competitive process will be used to select grantees. The competitive selection processes generally will rely on requests for applications (RFA) or requests for proposals (RFP) circulated in any number of ways. When RFA's and RFP's are employed, announcements should provide the following key information: - SPI'S program objectives, including areas of special interest - Minimum eligibility requirements for grantees - Criteria for evaluating applications - Funds available, period of performance, and the number of awards anticipated - Types of activities and costs that will not be funded - Required or suggested elements for cost-sharing - Required format and deadline for submitting applications - How interested parties may obtain application materials Due Diligence: Due diligence shall be conducted for the most competitive applicant. At a minimum, this process will include the review of all submitted application materials, including budgets. Before final selection is made, SPI shall explore the organization's overall financial strength and capacity, including track record (if applicable), governance and executive leadership, vision and strategy, staffing partnerships, communications and finances to ensure competency of grantee. Grant award: Once grantee is selected, the grantee and SPI shall determine best method for payment of grant award. Payment may be completed in one lump sum, broken down in partial payments or paid out only after the project is completed. Further, both grantee and SPI shall discuss if payment is to be made by electronic transfer, check or by other means. Grant management: To ensure success, SPI shall provide a post award orientation to grantee to clarify the roles, responsibilities and authorities of who will administer the award and to help grantee understand all needed technical and administrative information. In an effort to ensure success, SPI has the right to manage the grantee by conducting site visits, requesting program or financial audits, and/or periodic grant reports.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1Foreign expenses are directly tracked and accounted for on the accrual method of accounting.
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