Overview
What is Social Venture Partners Connecticut Inc?
Social Venture Partners Connecticut Inc., located in Westport, Connecticut, is a nonprofit organization committed to fostering equitable workforce development and early childcare and education systems. By collaborating with state government, the private sector, and nonprofit organizations, they aim to create more inclusive and effective systems that cater to underserved populations. Their mission involves leveraging resources and time to strategically address Connecticut's opportunity gap, ultimately striving for a more equitable society. With a team of seven dedicated individuals, Social Venture Partners Connecticut Inc. is actively working to shape a more equitable future in the state.
Official website here: www.svp-ct.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Social Venture Partners Connecticut Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 100% in various financial metrics, indicating a high level of transparency and effective management of resources. This exceptional rating is a key indicator of the nonprofit's commitment to maintaining ethical standards and fiscal responsibility.
The organization boasts a fully independent board of directors, which is a significant strength. With all 17 board members being independent, it ensures that decisions are made without conflicts of interest. Additionally, Social Venture Partners Connecticut has established robust financial oversight, demonstrated by its high scores in areas such as audit and oversight, and a clean record with no material diversion of assets.
Despite its strong financial standing, no specific limitations were noted in the data. The organization's focus on program expenses, with 87.56% of its budget allocated directly to programs, further underscores its dedication to fulfilling its mission. Overall, Social Venture Partners Connecticut Inc exemplifies a well-managed nonprofit that prioritizes accountability and effective use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Social Venture Partners Connecticut Inc legitimate?
Social Venture Partners Connecticut Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Social Venture Partners Connecticut 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $146,462
Professional Fundraising Fees: $0
Other Salaries and Wages: $626,359
For more financial information, click here
Official website here: www.svp-ct.org
What is the mission statement of Social Venture Partners Connecticut Inc?
Social Venture Partners Connecticut Inc's mission is centered around promoting equitable solutions to bridge the opportunity gap. The organization utilizes its time and resources effectively to advance these solutions, striving to become more strategic and impactful in their philanthropic efforts. They collaborate with nonprofits, government entities, and the private sector to enhance workforce development and early childhood education systems and programs, particularly focusing on underserved populations. The goal is to establish comprehensive strategies and initiatives that support these areas, ultimately aiming to foster greater racial equity across various economic and social systems.
Official website here: www.svp-ct.org
Who is the CEO of Social Venture Partners Connecticut Inc?
Chris Kunhardt is the Chair of Social Venture Partners Connecticut Inc.
Official website here: www.svp-ct.org
What is the revenue of Social Venture Partners Connecticut Inc?
Social Venture Partners Connecticut Inc's revenue in 2022 was $1,866,586.
Official website here: www.svp-ct.org
Who are the executives of Social Venture Partners Connecticut Inc and what are their salaries?
The average compensation at Social Venture Partners Connecticut Inc during 2022 was $110,403. There are 7 employees at Social Venture Partners Connecticut Inc.
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Official website here: www.svp-ct.org
Where can I find the form 990 for Social Venture Partners Connecticut Inc?
Social Venture Partners Connecticut Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.svp-ct.org
Learn more at the official website: www.svp-ct.org
Mission Statement of Social Venture Partners Connecticut Inc
Social Venture Partners Connecticut, Inc. (SVP) is committed to promoting equitable solutions aimed at closing the opportunity gap in various sectors. By leveraging its resources and time strategically, this organization seeks to become more effective in its philanthropic endeavors. Specifically, SVP collaborates with nonprofit organizations, state government, and the private sector to develop and execute comprehensive strategies and initiatives in workforce development, early child care, and education systems, as well as to promote racial equity across Connecticut's economic and social structures. By supporting underserved populations in these areas, SVP strives to create a more equitable society for all.
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Impact
July, 2024
Social Venture Partners Connecticut Inc is advancing equitable solutions for closing the opportunity gap in Connecticut. By working with nonprofit organizations, state government, and the private sector, SVP is actively building more equitable and effective workforce development and early childhood care and education systems. They are also striving to support greater racial equity across Connecticut's economic and social systems. SVP's comprehensive strategies and initiatives aim to uplift underserved populations in the state, making a tangible impact on the lives of many individuals and families.
This information is meant to be a general summary of Social Venture Partners Connecticut Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,279
- Gross Receipts: $1,866,586
Assets and Liabilities:
- Total Assets: $1,041,945
- Total Liabilities: $43,020
- Net Assets: $998,925
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Organization Details
Founding Year
2020
Phone
(917) 751-5966Principal Officer
Chris Kunhardt
Main Address
50 Charles Street, Westport, CT, 06880
Website
www.svp-ct.orgNTEE Category
Code: P20 - Human services
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