Civic Intelligence

Social Impact Fund

990 • Fiscal year 2021 • EIN 46-1820448

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 29, 2022

750 W 7th Street APT 811026Los Angeles, CA 90081

(917) 653-2513

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.06x

Higher debt load relative to assets than 32% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

20th percentile

0.05x

Higher debt load relative to revenue than 20% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

39th percentile

7.3%

Higher net margin than 39% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

45th percentile

$156,800

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

51st percentile

10%

Faster asset growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

9th percentile

-26%

Faster revenue growth than 9% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$12,584,440

Up $1,190,417 (+10%) from 2020

Net Assets

Up

$11,845,750

Up $1,068,717 (+9.9%) from 2020

Liabilities

Up

$738,690

Up $121,700 (+20%) from 2020

Revenue

Down

$14,562,924

Down $5,212,571 (-26%) from 2020

Expenses

Up

$13,500,262

Up $1,743,312 (+15%) from 2020

Net Income

Down

$1,062,662

Down $6,955,883 (-87%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2014: $1,734,403Liabilities 2014: $65,034Net Assets 2014: $1,669,3692014Assets 2015: $2,160,684Liabilities 2015: $45,347Net Assets 2015: $2,115,3372015Assets 2016: $3,053,309Liabilities 2016: $144,060Net Assets 2016: $2,909,2492016Assets 2017: $3,784,243Liabilities 2017: $197,862Net Assets 2017: $3,586,3812017Assets 2018: $3,480,726Liabilities 2018: $376,000Net Assets 2018: $3,104,7262018Assets 2019: $3,596,334Liabilities 2019: $838,001Net Assets 2019: $2,758,3332019Assets 2020: $11,394,023Liabilities 2020: $616,990Net Assets 2020: $10,777,0332020Assets 2021: $12,584,440Liabilities 2021: $738,690Net Assets 2021: $11,845,7502021Assets 2022: $11,071,400Liabilities 2022: $758,740Net Assets 2022: $10,312,6602022Assets 2023: $7,705,795Liabilities 2023: $235,076Net Assets 2023: $7,470,7192023

Highlighted filing

2021

Assets$12,584,440
Liabilities$738,690
Net Assets$11,845,750

Operations Trend

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

$20M$10M$0-$10MRevenue 2014: $2,514,669Expenses 2014: $835,148Net Income 2014: $1,679,5212014Revenue 2015: $3,258,162Expenses 2015: $2,788,170Net Income 2015: $469,9922015Revenue 2016: $4,922,267Expenses 2016: $4,161,484Net Income 2016: $760,7832016Revenue 2017: $4,461,626Expenses 2017: $3,786,059Net Income 2017: $675,5672017Revenue 2018: $3,671,321Expenses 2018: $4,144,353Net Income 2018: -$473,0322018Revenue 2019: $8,769,858Expenses 2019: $9,113,842Net Income 2019: -$343,9842019Revenue 2020: $19,775,495Expenses 2020: $11,756,950Net Income 2020: $8,018,5452020Revenue 2021: $14,562,924Expenses 2021: $13,500,262Net Income 2021: $1,062,6622021Revenue 2022: $11,151,125Expenses 2022: $12,002,208Net Income 2022: -$851,0832022Revenue 2023: $10,276,999Expenses 2023: $13,521,096Net Income 2023: -$3,244,0972023

Highlighted filing

2021

Revenue$14,562,924
Expenses$13,500,262
Net Income$1,062,662
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 29, 2022
Return Version
2021v4.2
Gross Receipts
$14,562,924
Mission and Program Overview

Mission

Social Impact Fund provides a legal structure under which charitable programs may operate, or acts as fiscal sponsor for groups waiting on IRS 501c3 determination. The sponsored programs work to advance social good and make a positive difference in the world-at-large.

Social Impact Fund provides a legal structure under which charitable programs may operate, or acts as fiscal sponsor for groups waiting on IRS 501c3 determination. The sponsored programs work to advance social good.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,394,871$6,667,495▲ $1,272,624
Savings and Temporary Cash Investments$5,655,062$5,310,828▼ $344,234
Pledges and Grants Receivable$284,517$460,000▲ $175,483
Prepaid Expenses and Deferred Charges$50,423$138,155▲ $87,732
Total Assets$11,394,023$12,584,440▲ $1,190,417
Other Assets Total$9,150$7,962▼ $1,188
Liabilities
Accounts Payable and Accrued Expenses$161,990$488,690▲ $326,700
Grants Payable$455,000$250,000▼ $205,000
Total Liabilities$616,990$738,690▲ $121,700
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,907,560$10,625,293▲ $717,733
Net Assets Without Donor Restrictions$869,473$1,220,457▲ $350,984
Total Net Assets Fund Balance$10,777,033$11,845,750▲ $1,068,717
Total Liabilities and Net Assets / Fund Balance$11,394,023$12,584,440▲ $1,190,417
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Craig CichyExecutive DirectorFT$156,800$156,800

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Revolve Impact LLCProgram Management9047 Phyllis Ave, West Hollywood, CA 90069$2,001,454
Anonymous Philanthropy LLCProgram Management436 Main St Ste 200, Franklin, TN 37064$1,082,072
Propper Daley LLCProgram Management421 Aviation Blvd, Santa Rosa, CA 95403$710,020
-Program Managment888 Seventh Ave 4th Floor, New York, NY 10106$321,404
Group Effort Initiative - MLM ManagementProgram Management1800 Peach Grove St Suite 3, North Hollywood, CA 91601$278,138
Revenue and Support

Revenue Composition

Contributions and Grants
$13,874,438
Program Service Revenue
$629,880
Investment Income
$57,680
Other Revenue
$926
All Other Contributions
$13,874,438
Change in Net Assets
$1,062,662

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,562,924
Revenue Not Reported on Form 990
$31,055
Total Revenue per Audited Statements
$14,593,979
Total Revenue per Form 990
$14,562,924
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,345,730
Grants and Similar Amounts Paid$5,939,933
Salaries, Compensation, and Employee Benefits$171,968
Total Fundraising Expense$43,993
Professional Fundraising Fees$42,631

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,751,030--$5,751,030
Fees for Services Management$4,405,680--$4,405,680
Fees for Services Other$416,433$16,000-$432,433
Other Expenses$232,239--$232,239
Foreign Grants$188,903--$188,903
Current Officers, Directors, Trustees, and Key Employees-$156,800-$156,800
Travel$146,761$358-$147,119
Information Technology$130,799$5,236-$136,035
Conferences and Meetings$120,800$1,322-$122,122
Fees for Services Accounting$41,267$67,094-$108,361
Fees for Services Legal$73,258$10,932-$84,190
Advertising$62,329$1,698-$64,027
Office Expenses$38,887$13,248-$52,135
Fees for Services Professional Fundraising--$42,631$42,631
All Other Expenses$21,642$13,839$1,362$36,843
Insurance$3,233$17,427-$20,660
Payroll Taxes-$12,025-$12,025
Occupancy$8,463--$8,463
Other Employee Benefits-$3,143-$3,143
Depreciation Depletion-$1,593-$1,593
Total Functional Expenses$13,135,554$320,715$43,993$13,500,262

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,525,262
Expenses per Audited Statements$13,500,262
Total Expenses per Form 990$13,500,262
Expenses Not Reported on Form 990$25,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Family Reach FoundationBoston, MA501c3Financial Support Cancer Patients$1,433,311
The Trustees of the University of PAPhiladelphia, PA501c3Financial Support for Cancer Patients$879,752
College TrackLos Angeles, CA501c3College Track Boyle Heights$550,000
Drexel UniversityPhiladelphia, PA501c3Institute for Urban Innovation research$253,750
Wildlife Conservation NetworkSan Franciso, CA501c3Various Wildlife Programs$225,000
One Earth PhilanthropyCulver City, CA501c3General Support$155,000
Accelerate Change IncBoston, MA501c3General Support$150,000
Hopewell FundWashington, DC501c3Rare Impact Fund$150,000
Para Los NinosLos Angeles, CA501c3Group Effort Grant Program$135,152
Fungi Foundation IncBrooklyn, NY501c3General Support$125,000
Centre for Wildlife Studies IncBethesda, MD501c3General Support$100,000
Feeding AmericaChicago, IL501c3General Support$100,000
Gvng OrgLos Angeles, CA501c3Support and Feed$100,000
Notes for Notes IncNashville, TN501c3General Support$100,000
Social Justice Learning InstituteInglewood, CA501c3Fem the Future$100,000
Greg Carr FoundationIdaho Falls, ID501c3Gorongosa National Parks Elephant Program$75,000
UNSW & Study Abroad Friends & US AlumniNew York, NY501c3Operation Posidonia$75,000
Sarara FoundationDenver, CO501c3General Support$65,000
Urban Growers Collective IncChicago, IL501c3General Support$50,100
International Refugee Assistance ProgramNew York, NY501c3Afghan refugee Assistance$50,000
Karuna FoundationNiwot, CO501c3Youth Climate Save$50,000
March On Future CoalitionSeverna Park, MD501c3General Support$50,000
Natural Resources Defense Council IncNew York, NY501c3Rewrite the Future$50,000
Rodale InstituteKutztown, PA501c3Organic Farmers$50,000
The Recycling PartnershipFalls Church, VA501c3General Support$50,000
University of Arizona FoundationTucson, AZ501c3Support Medicinal Plants$50,000
Women for Afghan WomenFresh Meadows, NY501c3General Support$50,000
Si Se Pueda FoundationLos Angeles, CA501c3General Support$26,944
CHOP FoundationPhiladelphia, PA501c3Childrens Brain Tumor Network Trial$25,000
Darkness Rising ProjectRaleigh, NC501c3Mental Health Services$25,000
Earth Island InstituteBerkeley, CA501c3General Support$25,000
Foundation for a Slavery Free WorldGlendale, CA501c3General Support$25,000
Little Kids RockMontclair, NJ501c3General Support$25,000
Refugee Services of TexasHouston, TX501c3Afghan refugee support$25,000
Seventh Generation Fund for Indigenous PeopleRapid City, SD501c3Wotakuye Mutual Aid Society$25,000
The Actors Fund of AmericaNew York, NY501c3Covid emergency assistance$25,000
United Community CentersBrooklyn, NY501c3East NY Farms$25,000
World Wildlife Fund IncWashington, DC501c3General Support$25,000
Humanity Forward FoundationWashington, DC501c3Financial Assistance for Cancer Patients$20,000
Sharing Excess - Federation of Neighborhood CentersPhiladelphia, PA501c3General Support$15,000
Go CampaignSanta Monica, CA501c3Covid Relief$11,600
TransLatin at CoalitionLos Angeles, CA501c3General Support$11,143
Actor's Theartre WorkshopNew York, NY501c3General Support$10,000
Brave TrailsLos Angeles, CA501c3General Support$10,000
Creative Visions FoundationMalibu, CA501c3Impacts Hollywood Climate Summit$10,000
Lion Guardians USWashington, DC501c3WE Africa$10,000
Mina's ListBoston, MA501c3Afghanistan Project$10,000
National Center for Family PhilanthropyWashington, DC501c3General Support$10,000
Al Otro LadoSan Ysidro, CA501c3General Support$7,143
Chinese for Affirmative ActionSan Francisco, CA501c3General Support$7,143
Communities United for Restorative Youth JusticeOakland, CA501c3General Support$7,143
Fathers and Sons of San JoaquinStockton, CA501c3General Support$7,143
Haitian Bridge AllianceAliso Viejo, CA501c3General Support$7,143
MILPA CollectiveSalinas, CA501c3General Support$7,143
Monsoon Asians & Pacific Islander GrantDes Moines, IA501c3General Support$7,143
Movement Strategy CenterOakland, CA501c3General Support$7,143
New Breath FoundationOakland, CA501c3General Support$7,143
Pillars of the CommunitySan Diego, CA501c3General Support$7,143
Somos Familia ValleSun Valley, CA501c3General Support$7,143
The Gathering for JusticeNew York, NY501c3General Support$7,143
Giving Back FundNew York, NY501c3National Independent Venue Emergency Relief Fund$6,762
Earthwatch InstituteBoston, MA501c3Girls in Science$6,500
A Broader Way FoundationNew York, NY501c3General Support$5,600
Community PartnersLos Angeles, CA501c3Mirror Memoirs - Covid Assistance$5,000
LtP FoundationWilsonville, OR501c3General Support$5,000
New Yorkers Against Gun Violence Ed FundNew York, NY501c3General Support$5,000
Youth Empowerment BroadcastingDenver, CO-General Support$5,000

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
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$42,631
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Related Party Payable-
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 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
Yes
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
No

Governance Explanations

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

990 Review Process The Organization provides a copy of the 990 to all board members to review prior to filing the 990 to ensure accuracy of the form.

Form 990, Part VI, Section C, Line 19

Documents available to Public Financial statements, governing documents, and conflict of interest policies are available for public inspection upon request.

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

Monitoring Conflicts of Interest Annually the Organization requires a conflict of interest disclosure form to be completed by BOD members. Any relationships or transactions in which a conflict exists, that BOD member abstains from voting in the proposed transaction. The governing board of disinterested directors by a majority vote will determine if the transaction is in the Organizations best interest.

Filing and Contact Details

Filer

Filer Name
Social Impact Fund
EIN
46-1820448
Phone
9176532513
Address
750 W 7th Street APT 811026, Los Angeles, CA 90081

Signing Officer

Name
Stephan Ceryanek
Title
Treasurer
Phone
9176532513
Signed
2022-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephan Ceryanek
Formed
2013
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
10

Preparer

Firm
O'Leary & Anick
Address
11933 W Burleigh Street Ste 100, Wauwatosa, WI 53222
Preparer
Christine C Daws
Phone
4147740300
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