SOCIAL INNOVATION FORUM INC

EIN: 473923576 501(c)(3) Human Services

BOSTON, MA

Total Revenue
$1,787,758
Total Expenses
$3,142,094
Total Assets
$2,717,717
Net Assets
$2,569,844
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MA
Principal Officer
WYONA LYNCH-MCWHITE
Phone
6174922305
Tax Period
2023-07-01 to 2024-06-30

SOCIAL INNOVATION FORUM INC, founded in 2015, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 76% operating deficit.

Mission

THE SOCIAL INNOVATION FORUM, INC. BECAME AN INDEPENDENT 501(C)(3) ORGANIZATION IN 2015. ITS MISSION IS TO CREATE POSITIVE SOCIAL CHANGE IN EASTERN MASSACHUSETTS BY ENGAGING AND INFORMING FUNDERS AND INVESTORS SO THAT THEY CAN DIRECT RESOURCES MORE EFFECTIVELY WHILE ALSO EDUCATING AND SUPPORTING LEADERS OF NONPROFIT ORGANIZATIONS SO THAT THEY CAN DELIVER THE MOST EFFECTIVE SOLUTIONS TO SOCIAL ISSUES. SIF HAS CREATED A "MARKETPLACE" WHERE IT CONNECTS SOCIAL PURPOSE ORGANIZATIONS ("INNOVATORS") WITH A COMMUNITY OF INDIVIDUALS ("INVESTORS AND SUPPORTERS")WHO CAN PROVIDE FINANCIAL, TECHNICAL, AND COACHING SUPPORT, THEREBY LEVERAGING EVERY ROLE IN THE ECOSYSTEM FOR SOCIAL IMPACT.

Program Service Accomplishments

Program 1
Expenses: $1,661,191

SOCIAL INNOVATOR ACCELERATOR - SIF'S SIGNATURE TWO-YEAR PROGRAM OFFERS CAPACITY BUILDING SUPPORT TO IMPACTFUL GRASSROOTS NONPROFIT ORGANIZATIONS THROUGH CONSULTING, COACHING, PRESENTATION TRAINING...

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SOCIAL INNOVATOR ACCELERATOR - SIF'S SIGNATURE TWO-YEAR PROGRAM OFFERS CAPACITY BUILDING SUPPORT TO IMPACTFUL GRASSROOTS NONPROFIT ORGANIZATIONS THROUGH CONSULTING, COACHING, PRESENTATION TRAINING, OPPORTUNITIES TO EXPAND THEIR NETWORKS AND BUILD NEW RELATIONSHIPS, AND ACCESS TO FINANCIAL SUPPORT AS WELL AS IN-KIND RESOURCES AND SERVICES.

Program 2
Expenses: $253,269

ALUMNI AND NONPROFIT NETWORK PROGRAM - SIF HAS ALWAYS BEEN COMMITTED TO SUPPORTING ITS INNOVATOR ALUMNI, WHO ARE CONSIDERED TO BE PART OF ITS "FOREVER PORTFOLIO." IN 2020, SIF LAUNCHED ITS ALUMNI AND...

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ALUMNI AND NONPROFIT NETWORK PROGRAM - SIF HAS ALWAYS BEEN COMMITTED TO SUPPORTING ITS INNOVATOR ALUMNI, WHO ARE CONSIDERED TO BE PART OF ITS "FOREVER PORTFOLIO." IN 2020, SIF LAUNCHED ITS ALUMNI AND NONPROFIT NETWORK PROGRAM, OFFERING ONGOING LEADERSHIP DEVELOPMENT, SKILL-BUILDING, AND NETWORK-BUILDING TO THESE ORGANIZATIONS. SIF'S NONPROFIT NETWORK ALSO ENCOMPASSES ORGANIZATIONS THAT ARE MEMBERS OF ITS CO-WORKING SPACE, THOSE THAT HAVE GRADUATED FROM THE CAPACITY CAMP PROGRAM, AND FINALISTS IN THE ACCELERATOR SELECTION PROCESS.

Program 3
Expenses: $189,145

FUNDER LEARNING PROGRAM - SIF PROVIDES NUMEROUS OPPORTUNITIES FOR PHILANTHROPISTS, FUNDERS, COMMUNITY LEADERS, AND OTHERS TO COME TOGETHER WITH NONPROFIT LEADERS TO WORK TOWARD POSITIVE SOCIAL CHANGE...

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FUNDER LEARNING PROGRAM - SIF PROVIDES NUMEROUS OPPORTUNITIES FOR PHILANTHROPISTS, FUNDERS, COMMUNITY LEADERS, AND OTHERS TO COME TOGETHER WITH NONPROFIT LEADERS TO WORK TOWARD POSITIVE SOCIAL CHANGE IN EASTERN MASSACHUSETTS. SIF ENGAGES WITH FUNDERS TO LEARN ABOUT SOCIAL JUSTICE PHILANTHROPY, STRATEGIZE ABOUT AND IMPLEMENT MORE EQUITABLE PRACTICES, AND BUILD MEANINGFUL, LONG-LASTING RELATIONSHIPS WITH NONPROFITS. OUR COMMUNITY OF SUPPORTERS LEARN FROM LEADING PRACTITIONERS, DISCUSS CURRENT AND EMERGENT SOCIAL ISSUES, PARTICIPATE IN DIALOGUES WITH PEERS, AND ENGAGE WITH AND SUPPORT IMPACTFUL ORGANIZATIONS ADDRESSING CHALLENGING SOCIAL ISSUES WITHIN THEIR COMMUNITIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,616,032
Program Service Revenue $28,800
Investment Income $80,044
Other Revenue $62,882
TOTAL REVENUE $1,787,758

Expense Breakdown

Grants Paid $478,500
Salaries & Benefits $1,342,416
Fundraising Expenses $475,042
Program Expenses $2,196,784
Other Expenses $1,321,178
TOTAL EXPENSES $3,142,094

Year-over-Year Comparison

2023 2022 Change
Revenue $1,787,758 $3,532,587 -0.5%
Expenses $3,142,094 $2,554,976 +0.2%
Net Income $-1,354,336 $977,611 -2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
24
Volunteers
115

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$164,797
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIA SATTI COSENTINO CHAIR 2.00
Director
$0 $0 $0
RYAN DINGS BOARD MEMBER (THRU 10/2023) 2.00
Officer Director
$0 $0 $0
YASMIN CRUZ FERRINE BOARD MEMBER (THU 10/2023) 2.00
Director
$0 $0 $0
EMILY FISH BOARD MEMBER 2.00
Director
$0 $0 $0
KATHERINE GROSS BOARD MEMBER 2.00
Officer Director
$0 $0 $0
AMANDA HAHNEL BOARD MEMBER (THRU 5/2024) 2.00
Director
$0 $0 $0
WESTON HOWLAND III BOARD MEMBER 2.00
Officer Director
$0 $0 $0
JORDAN KRASNOW SECRETARY/CLERK 2.00
Officer Director
$0 $0 $0
DELPHENE MOONEY VICE CHAIR 2.00
Director
$0 $0 $0
ANDREA PERRY BOARD MEMBER 2.00
Director
$0 $0 $0
VIKRAM PUNWANI TREASURER 2.00
Officer Director
$0 $0 $0
NAGEEB SUMAR BOARD MEMBER 2.00
Director
$0 $0 $0
COLBY SWETTBERG BOARD MEMBER 2.00
Director
$0 $0 $0
SUSZANE OFFIT BOARD MEMBER (FROM 4/2024) 2.00
Director
$0 $0 $0
SUSAN MUSINSY EXECUTIVE DIRECTOR (THRU 1/2024) 40.00
Officer
$157,800 $6,997 $164,797
MELISSA DUGGAN CHIEF OPERATING OFFICER 40.00
Highest
$131,108 $5,863 $136,971
TATIANA INWALD DIRECTOR OF PROGRAMS 40.00
Highest
$132,521 $4,690 $137,211
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,787,758 $3,142,094 $2,717,717 $-1,354,336
2023 $3,532,587 $2,554,976 $4,049,141 $977,611
2022 $3,065,540 $2,119,512 $3,040,059 $946,028
2021 $2,108,999 $1,693,569 $2,121,332 $415,430
2020 $1,745,511 $1,575,792 $1,856,000 $169,719
2019 $1,739,264 $1,349,645 $1,497,865 $389,619
2018 $1,110,365 $1,069,465 $1,103,052 $40,900
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