Social Capital Inc.

“All board members are supplied with a preliminary copy of form 990 prior to it being filed.”

“All board members are required to sign an annual conflict of interest disclosure form to ensure compliance with the organization's policy.”

“At the annual board meeting to authorize the annual budget, the board reviews and approves the compensation of the president using a comparability study.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available upon request.”

“Form 990 was originally filed on may 14, 2019 while the organization's financial statement audit was in process. The audit was completed in october 2019, and this amended form 990 reflects several audit adjustments and reclassifications that were not known as of the original filing date.”

“Mission statement (continued) (part i, line 1 & part iii, line 1): where individuals are strongly connected to their neighbors and play an active role in shaping the destiny of their communities. This increase in social capital will result in communities that are safer, healthier and more vital.”

“Youth leadership: guided by the sci youth leadership curriculum, sci empowers teens in 10 youth council programs to develop initiatives to address pressing community needs. Hundreds of teens develop leadership skills through the program each year, and have implemented projects to reduce substance abuse, prevent bullying and clean up local communities. Volunteer outreach & community events: sci helps organizations increase their capacity to recruit and manage volunteers, and successfully implement community events that unite diverse community members. Online engagement: sci implements community web portals, social media and community outreach strategies that connect thousands of residents to opportunities to participate in civic life. Training social capitalists: sci also trains emerging adult community leaders to collaborate effectively, make connections, bridge differences, and nurture social networks to make a difference. Uniting diverse communities: while bringing diverse people together has always been an important part of sci's work, it has been a major focus in recent years. This has included co-facilitating community dialogues on race and diversity, and launching new programming to support woburn's increasingly diverse students.”

“Direct fundraising event costs 27,790 direct fundraising event costs -27,790”

“The organization is required by the massachusetts attorney general to have its financial statements audited. The organization's audit for the fiscal year ended june 30, 2018 is still in process as of may 15, 2019.”