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Cleveland Social Venture Partners

Social Venture Partners Cleveland

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 300010575 ✦ Cleveland, OH ✦ Designated as a 501(c)(3)

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Overview

What is Cleveland Social Venture Partners?

Cleveland Social Venture Partners is a dedicated nonprofit organization located in Cleveland, Ohio. Their mission is to cultivate effective philanthropists and strengthen local nonprofits, fostering collaborative relationships to address community challenges. With a strong commitment to engaged venture philanthropy, they invest time, expertise, and resources in chosen nonprofits, forming long-lasting partnerships. Their entrepreneurial spirit drives innovative approaches to achieve leveraged results, while their philanthropic education empowers partners to become informed, lifelong philanthropists. Cleveland Social Venture Partners also emphasizes community and collaborative action, promoting self-organized efforts and non-hierarchical communications to tackle social issues together. In 2022, their activities included hosting educational events, launching a peer learning program, and transitioning their focus to advancing gender justice in Northeast Ohio.


Official website here: www.svpcle.org

Is Cleveland Social Venture Partners legitimate?

Cleveland Social Venture Partners is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cleveland Social Venture Partners 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $86,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $95,918

For more financial information, click here


Official website here: www.svpcle.org

What is the mission statement of Cleveland Social Venture Partners?

Cleveland Social Venture Partners aims to foster effective philanthropists and strengthen nonprofits, working collectively to address social challenges in communities. They promote engaged venture philanthropy, investing time, expertise, and funds into nonprofits, forming collaborative relationships that often last for three years. The organization encourages an entrepreneurial spirit, utilizing innovative approaches to achieve leveraged results in nonprofit partnerships and communities. Cleveland Social Venture Partners also prioritizes philanthropic education, empowering individuals to become informed, effective, and lifelong philanthropists through hands-on experiences and continuous learning. Lastly, they believe in the power of collective, self-organized effort and maintain highly participatory, partner-driven organizations that utilize non-hierarchical communications and operating practices.


Official website here: www.svpcle.org

Who is the CEO of Cleveland Social Venture Partners?

Abigail Westbrook is the Executive Di of Cleveland Social Venture Partners.


Official website here: www.svpcle.org

What is the revenue of Cleveland Social Venture Partners?

Cleveland Social Venture Partners's revenue in 2022 was $258,066.


Official website here: www.svpcle.org

Who are the executives of Cleveland Social Venture Partners and what are their salaries?

The average compensation at Cleveland Social Venture Partners during 2022 was $45,480. There are 4 employees and 76 volunteers at Cleveland Social Venture Partners.


Here are 10 key members and their salaries:


Abigail Westbrook (Executive Di)
  • Compensation: $86,000
  • Related: $0
  • Other: $0
Chan Fowler-Spellman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cil Knutsen (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Faller (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reka Barabas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Guentzler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Evan Ishida (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katie Keane (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pete Punwami (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristen Summers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.svpcle.org

Where can I find the form 990 for Cleveland Social Venture Partners?

Cleveland Social Venture Partners's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.svpcle.org

Learn more at the official website: www.svpcle.org

Mission Statement of Cleveland Social Venture Partners

Cleveland Social Venture Partners, as an organization, is dedicated to cultivating effective philanthropists and strengthening nonprofits, aiming to build powerful relationships to address the community's social challenges. They are committed to engaged venture philanthropy, investing time, expertise, and resources into nonprofits, seeking collaborative relationships that often last for three years. This approach allows them to achieve leveraged results in their nonprofit partnerships and communities.

Cleveland Social Venture Partners also fosters an entrepreneurial spirit, utilizing innovative approaches to deliver impactful outcomes. Their philanthropic education program empowers partners to become informed, effective, and lifelong philanthropists. This is achieved through hands-on experience and continuous learning, ultimately catalyzing ongoing individual philanthropy.

The organization believes in the power of collective, self-organized effort and encourages highly participatory, partner-driven organizations. They employ non-hierarchical communications and operating practices, emphasizing the importance of collective action in tackling social challenges. Cleveland Social Venture Partners is not just an affiliate but a catalyst for change, driving impactful collaborations between philanthropists and nonprofits.

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Impact




October, 2024

Cleveland Social Venture Partners significantly impacts the community by fostering effective philanthropy and strengthening local organizations. The initiative actively engages its partners—who invest time, expertise, and money— in collaborative relationships that typically span three years. By promoting an entrepreneurial spirit, partners leverage innovative approaches to enhance the effectiveness and reach of their investments within the community.

In 2022, the program supported 76 partners, achieving high participation rates in events and internal leadership teams. A notable accomplishment was the launch of the "Investment Reimagined" program, which enhanced capacity-building through peer learning for selected local organizations like Colors+ Youth Center and Courage to Caregivers. Ongoing projects with investees, such as Birthing Beautiful Communities, further underscored the commitment to capacity building.

A pivotal shift in focus emerged, with a strong consensus among partners to prioritize gender justice and the livelihoods of women in Northeast Ohio. This strategic direction is deeply informed by intersectional considerations of gender, race, and socioeconomic status. Educational events on critical issues, from LGBTQ+ history to maternity and infant mortality, enriched partners' understanding and capacity to address local challenges.

Additionally, Cleveland Social Venture Partners convened an advisory committee of local leaders to ensure that programming aligns closely with the real-world needs of the Greater Cleveland area. This inclusive approach promotes community and collaborative action, emphasizing non-hierarchical communication and participation in the decision-making process.

Through these initiatives, Cleveland Social Venture Partners effectively cultivates a network of informed, lifetime philanthropists committed to driving meaningful change in their communities.




This information is meant to be a general summary of Cleveland Social Venture Partners. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$258,066 (2022)
Expenses
$320,948 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $265
  • Gross Receipts: $258,066

Assets and Liabilities:

  • Total Assets: $112,944
  • Total Liabilities: $33,862
  • Net Assets: $79,082

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Organization Details

Founding Year

2001

Principal Officer

Abigail Westbrook

Main Address

2020 CENTER STREET, CLEVELAND, OH, 44113

NTEE Category

Code: T50 - Philanthropy

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