Overview
What is Social Finance Inc?
Social Finance Inc, based in Boston, Massachusetts, is a national impact finance and advisory nonprofit that collaborates with various sectors to develop and manage impact-first investments and innovative financing solutions. Through its impact investing portfolio, Social Finance Inc generates positive outcomes for people and communities. By serving as an intermediary, they work alongside federal, state, and local governments, direct service providers, workforce training providers, impact investors, loan or income share agreement originators, and servicers. Social Finance Inc's impact investments can be structured through equity or loan financing. Their strategies include Social Impact Bonds, Career Impact Bonds, and the DREAMERS Graduate Education Loan Fund. Social Finance Inc remains engaged in managing impact investment projects to support the achievement of their goals and outcomes. Their mission is to produce meaningful outcomes that contribute to social change.
Official website here: www.socialfinance.org
Is Social Finance Inc legitimate?
Social Finance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Social Finance Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,812,218
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,712,659
For more financial information, click here
What is the mission statement of Social Finance Inc?
Social Finance Inc is a national impact finance and advisory nonprofit organization. Their mission is to produce meaningful outcomes that spark social change. By collaborating with public, private, and social sectors, Social Finance creates partnerships and investments to measurably improve lives. Their impact investing services involve developing and managing impact-first investments and innovative financing solutions that generate positive outcomes for people and communities. They work with government entities seeking to deploy public funds to address social issues, service providers that work with communities and people to improve life outcomes, and workforce training providers. Social Finance also engages impact investors seeking improved social outcomes through their investments. They analyze program data, often working with external evaluators with specific expertise. Social Finance works with loan or income share agreement originators and servicers in consumer lending. Their impact investments are structured either through equity or loan financing structures. Social Finance employs three impact investment strategies: Social Impact Bonds, Career Impact Bonds, and the DREAMERS Graduate Education Loan Fund. These strategies enable governments to achieve results for communities by partnering with investors and service providers to tackle particular social challenges, and transfer risk of non-performance from the public to the private sector.
Official website here: www.socialfinance.org
Who is the CEO of Social Finance Inc?
John Woods is the Ceo & Co-Founder of Social Finance Inc. The CEO's salary of Social Finance Inc is $521,137 and their total compensation is $552,964.
Official website here: www.socialfinance.org
What is the revenue of Social Finance Inc?
Who are the executives of Social Finance Inc and what are their salaries?
The average compensation at Social Finance Inc during 2022 was $104,038. There are 130 employees and 16 volunteers at Social Finance Inc.
Here are 27 key members and their salaries (Social Finance Inc's CEO's salary is $521,137 and their total compensation is $552,964):
- Tracy Palandjian (Ceo & Co-Founder) [Trustee/Director]
- Michael Grossman (Managing Director)
- Navjeet K Bal (Managing Dir & General Counsel)
- Emily Friedman (Chief Admin. Officer)
- Justin Bakule (Vp, Impact Investments)
- Jacob Segal (Vp, Impact Advisory)
- Andrew C Chen (Vp, Impact Investments)
- Teresa Anne Knickman Plancher (Vp, Partnerships And Strategy)
- Jonathan S Edwards (Vp, Impact Investments)
- Jeffrey N Shumway (Managing Dir. (End 7/2022))
- John Woods (Cfo)
- Bracebridge H Young Jr (Chairperson & Director)
- Edward L Shapiro (Vice Chair & Director)
- Pamela Dippel Choney (Treasurer & Director)
- Nancy Zimmerman (Clerk & Director)
- Sir Ronald Cohen (Director)
- Karen Dynan (Director)
- Doug Henderson (Director)
- Laura Lauder (Director)
- Elizabeth Lempres (Director)
- Andrew Marino (Director)
- Governor Deval Patrick (Director)
- Alexa Rachlin (Director)
- Ian Simmons (Director)
- Dr Lauren Smith (Director)
- Laurene Sperling (Director)
- Sandra A Urie (Director)
Official website here: www.socialfinance.org
Where can I find the form 990 for Social Finance Inc?
The Social Finance Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.socialfinance.org
Learn more at the official website: www.socialfinance.org
Mission Statement of Social Finance Inc
Social Finance Inc, a national impact finance and advisory nonprofit organization, aims to create meaningful outcomes that spark social change. By collaborating with public, private, and social sectors, Social Finance Inc builds partnerships and investments to address long-standing social issues, focusing on outcomes. Their impact investing portfolio includes developing and managing impact-first investments and innovative financing solutions that generate positive outcomes for people and communities. They work as an intermediary, designing, launching, and managing impact investment projects alongside governments, direct service providers, workforce training providers, and impact investors. Social Finance Inc also analyzes program data and engages loan or income share agreement originators and servicers in consumer lending.
Social Finance Inc's impact investments are structured through equity or loan financing and are managed by separate affiliates or subsidiaries. They employ three impact investment strategies: Social Impact Bonds (SIBs), Career Impact Bonds (CIBs), and the DREAMERS Graduate Education Loan Fund. SIBs help governments achieve results for communities by partnering with investors and service providers to tackle social challenges, while only paying once outcomes are achieved that benefit service recipients and generate public value. CIBs are based on deferred tuition agreements, where impact investors cover upfront program costs and critical wraparound support services for low-income, under-skilled, or under-employed students to advance their economic mobility. The DREAMERS Graduate Education Loan Fund supports graduate educational loans for DREAMers, undocumented immigrant youth who came to this country at a young age, to attend graduate school and achieve their professional goals.
Social Finance Inc remains engaged in an impact investment project once it is launched through ongoing project management and active performance management to support the achievement of the project's goals and outcomes.
Impact
This information is meant to be a general summary of Social Finance Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Social Finance Inc's impact is significant in the field of impact investing services. Through its innovative financing solutions and impact-first investments, Social Finance Inc generates positive outcomes for people and communities. By collaborating with public, private, and social sectors, they address long-standing social issues and focus on outcomes to create meaningful social change. Their impact investment strategies, including Social Impact Bonds (SIBs), Career Impact Bonds (CIBs), and the Dreamers Graduate Education Loan Fund, demonstrate their commitment to improving life outcomes and economic mobility for underserved populations. Their hands-on approach, from project initiation to ongoing performance management, ensures that their investments lead to tangible and sustainable results that benefit society as a whole.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$5,682,699
OUTCOME PAYMENTS
Revenue
$1,911,941
Organization Details
Founding Year
2011
Phone
(617) 939-9900
Principal Officer
John Woods
Main Address
2 Atlantic Avenue 5th Floor, Boston, MA, 02110
Website
www.socialfinance.org
NTEE Category
Code: P12 - Human services
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