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Social Capital Fund

  • Providence, RI
  • Tax-exempt since Nov. 2015
  • EIN: 47-4670143

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Nonmonetary Support N.E.C. (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$985k (2023)

Expenses
$1.95M (2023)

Total Assets
$1.95M (2023)

Total Liabilities
$8.77M (2023)

Source: Form 990 tax filings from 2016 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$984,814
Expenses
$1,950,632
Net Income
-$965,818
Net Assets
-$6,821,849
Notable Sources of Revenue Percent of Total Revenue
Contributions $140
0.0%
Program Services $944,866
95.9%
Investment Income $39,808
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,945,598
Total Liabilities $8,767,447
Net Assets -$6,821,849
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Betsy Harris (Director) $0 $0 $0
Libby Kimzey (Director) $0 $0 $0
Arthur S Gabinet (Secretary) $0 $0 $0
Andrew Posner (Chairman) $0 $109,807 $3,294
Aisha Bussey (Chief Business Officer) $0 $128,938 $3,868
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Document Links

990
Filed on Sept. 27, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$577,819
Expenses
$2,981,641
Net Income
-$2,403,822
Net Assets
-$5,856,031
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $560,200
97.0%
Investment Income $17,619
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,824,110
Total Liabilities $8,680,141
Net Assets -$5,856,031
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Betsy Harris (Director) $0 $0 $0
Libby Kimzey (Director) $0 $0 $0
Aaron Jay Fossett (Treasurer) $0 $0 $0
Arthur S Gabinet (Secretary) $0 $0 $0
Andrew Posner (Founder & Ceo) $0 $95,000 $2,850
Aisha Bussey (Chief Business Officer) $0 $128,125 $6,875
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Document Links

990
Filed on June 6, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$544,096
Expenses
$951,444
Net Income
-$407,348
Net Assets
-$3,452,209
Notable Sources of Revenue Percent of Total Revenue
Contributions $35
0.0%
Program Services $538,255
98.9%
Investment Income $5,806
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,168,322
Total Liabilities $7,620,531
Net Assets -$3,452,209
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Betsy Harris (Co Chair) $0 $0 $0
Libby Kimzey (Co Chair) $0 $0 $0
Jay Fossett (Treasurer) $0 $0 $0
Arthur S Gabinet (Secretary) $0 $0 $0
Andrew Posner (Founder & Ceo) $0 $95,000 $13,567
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Document Links

990
Filed on May 13, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$494,500
Expenses
$466,520
Net Income
$27,980
Net Assets
-$3,044,861
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $494,500
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,089,215
Total Liabilities $6,134,076
Net Assets -$3,044,861
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Andrew Posner (President) $0 $82,320 $5,935
Jenn Steineld (Treasurer) $0 $0 $0
Arthur S Gabinet (Secretary) $0 $0 $0
Betsy Harris (Board Member) $0 $0 $0
Libby Kimzey (Board Member) $0 $0 $0
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Document Links

990
Filed on April 23, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$349,189
Expenses
$1,665,129
Net Income
-$1,315,940
Net Assets
-$3,072,841
Notable Sources of Revenue Percent of Total Revenue
Contributions $35
0.0%
Program Services $349,154
100.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $659,658
Total Liabilities $3,732,499
Net Assets -$3,072,841
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Andrew Posner (President) $0 $75,000 $0
Betsy Harris (Board Member) $0 $0 $0
Jenn Steinfeld (Treasurer) $0 $0 $0
Ari Gabinet (Secretary) $0 $0 $0
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Document Links

990
Filed on May 29, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$218,960
Expenses
$1,209,121
Net Income
-$990,161
Net Assets
-$1,756,901
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $218,960
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $727,644
Total Liabilities $2,484,545
Net Assets -$1,756,901
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Andrew Posner (President) $0 $68,757 $0
Jenn Steinfeld (Vice President) $0 $0 $0
Jason Jagatic (Teasurer) $0 $0 $0
Ana Silva (Secretary) $0 $0 $0
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Document Links

990
Filed on Oct. 3, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$229,677
Expenses
$421,890
Net Income
-$192,213
Net Assets
-$766,740
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $229,677
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $25,725
Total Liabilities $792,465
Net Assets -$766,740
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Andrew Posner (President) $0 $0 $0
Jenn Steinfeld (Vice President) $0 $0 $0
Jason Jagatic (Teasurer) $0 $0 $0
Ana Silva (Secretary) $0 $0 $0
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Document Links

990
Filed on Aug. 3, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$114,006
Expenses
$654,708
Net Income
-$540,702
Net Assets
-$574,527
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,450
3.0%
Program Services $110,556
97.0%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $29,269
Total Liabilities $603,796
Net Assets -$574,527
Compensation
Key Employees and Officers Compensation Other
Andrew Posner (President) $0 $0
Randall Rice (Vice President) $0 $0
Jason Jagatic (Treasurer) $0 $0
Molly West Duffy (Board Member) $0 $0
Dr Ana Silva (Board Member) $0 $0
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Document Links

990-EZ
Filed on Nov. 14, 2017

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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