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Social Innovation Forum Inc.

 11 Avenue de Lafayette, 5th Floor
 Boston, MA 02111
[P] (617) 649-1535
[F] --
http://socialinnovationforum.org/
team@socialinnovationforum.org
Rachel Shaheen
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INCORPORATED: 2015
 Printable Profile (Summary / Full)
EIN 47-3923576

LAST UPDATED: 04/13/2016
Organization DBA Social Innovation Forum
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

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Mission StatementMORE »

The Social Innovation Forum (SIF) creates positive social change in greater Boston by engaging leaders, strengthening organizations, and building networks. SIF does this by:

•  Engaging and informing funders and investors so they can direct resources most effectively.

•  Educating and supporting leaders of nonprofit organizations and social impact businesses so they can deliver the most effective solutions to social issues.

•  Making connections and building relationships across diverse communities so people can help each other to generate significant social change.

Mission Statement

The Social Innovation Forum (SIF) creates positive social change in greater Boston by engaging leaders, strengthening organizations, and building networks. SIF does this by:

•  Engaging and informing funders and investors so they can direct resources most effectively.

•  Educating and supporting leaders of nonprofit organizations and social impact businesses so they can deliver the most effective solutions to social issues.

•  Making connections and building relationships across diverse communities so people can help each other to generate significant social change.


FinancialsMORE »

Fiscal Year July 01, 2015 to June 30, 2016
Projected Income $949,480.00
Projected Expense $863,575.00

ProgramsMORE »

  • 1 Social Innovator Accelerator
  • 2 Impact Investing Accelerator

Revenue vs. Expense ($000s)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

The Social Innovation Forum (SIF) creates positive social change in greater Boston by engaging leaders, strengthening organizations, and building networks. SIF does this by:

•  Engaging and informing funders and investors so they can direct resources most effectively.

•  Educating and supporting leaders of nonprofit organizations and social impact businesses so they can deliver the most effective solutions to social issues.

•  Making connections and building relationships across diverse communities so people can help each other to generate significant social change.


Background Statement

The Social Innovation Forum was founded in 2003, initially as a collaborative and then as a program of Root Cause, with the belief that it can foster positive social change by supporting organizations that are most effectively addressing critical social issues in our community. For over a decade, SIF has accelerated the performance of innovative, results-oriented nonprofit organizations and social impact businesses in greater Boston. To date, SIF has directed more than $22 million in cash and in-kind services to 85 organizations to help them scale and sustain their work. As of July 2015, the Social Innovation Forum incorporated as an independent organization, established its Board of Directors and received its designation as a 501c3 charitable, tax exempt organization.


SIF historical timeline:

1. The Social Innovation Forum was founded in 2003 by Andrew Wolk as a collaborative with 10 organizations including The Boston Foundation, Trefler Foundation, Associated Grant Makers, Root Cause, and More than Money.

2. In 2004, the collaborative asked Root Cause to take over. Root Cause took over with a $20,000 budget.

3. In 2005, Susan Musinsky was hired as the Social Innovation Forum Director and first paid staff. Under Susan’s leadership, the program has grown to a community of supporters numbering 2,300, with a portfolio of 85 organizations.

4. In 2011, SIF established an Advisory Group to help guide the next phase of program growth.

5. In 2012, SIF launched its first track on Impact Investing, focused on connecting social enterprises with investment capital that provides both social and financial return.

6. In December 2014, the Root Cause board of directors voted to spin off SIF into an independent organization.

7. On July 1, 2015, SIF began independent operations with 501c3 designation and a new board of directors.

8. In November 2015, SIF released its 2015 Social Innovator Report Card, announcing that its Social Innovators directly impacted over 200,000 lives in 2015. In addition, SIF Social Innovators double their revenue four years after participating in the program and grow at a rate 10 times the Massachusetts nonprofit average.

9. In 2016, SIF will work with a cohort of eight nonprofit Social Innovators and six for-profit Impact Entrepreneurs. SIF will also pilot a Bootcamp Program, a condensed version of the Social Innovator Accelerator which will provide more nonprofit organizations access to many of SIF’s high-value services and resources.


Impact Statement

Since its founding in 2003, the Social Innovation Forum (SIF) has developed a successful model for directing new resources to innovative, results-oriented nonprofits and social enterprises in greater Boston. Its rigorous selection process and intensive program has brought together a “Social Impact Investment Community” of more than 2,300 philanthropists, foundation staff, business professionals, and government officials who are interested in supporting innovative, effective approaches to address important social issues.
 
The Social Innovation Forum has held twelve Showcase events and recognized over 85 nonprofits (“Social Innovators”) and social enterprises (“Impact Entrepreneurs”) across a variety of social sectors. Since 2003, SIF has directed more than $22 million in cash and in-kind services to organizations in its portfolio. The capacity building support SIF provides to its selected groups has assisted these organizations in more than doubling their revenue four years after engaging with the Social Innovation Forum, which in turn has allowed them to have greater social impact.
 
In 2015, its Social Innovators impacted over 200,000 lives as they work to address the most pressing social issues in greater Boston including hunger, homelessness, youth development, and environmental sustainability.
 
Examples of growth in social impact of SIF innovators and entrepreneurs include:
  • InnerCity Weightlifting has increased the number of students enrolled more than tenfold, from 14 students in 2010 to 159 in 2015 – giving Boston’s highest risk young people a chance to say no to violence and yes to opportunity.
  • Hearth has increased the number of elders they help to secure permanent housing by 235% – allowing them to age with dignity, regardless of their medical, mental health, or social needs.
  • My Life My Choice’s budget grew three-fold in the three years after the SIF engagement and today serves over 300 girls each year through survivor mentoring and prevention groups – providing them with critical support as they work to rebuild their lives.
  • Smart from the Start has grown from 6 sites to 23 sites in Boston – ensuring that twice as many children from low income families enter kindergarten ready to learn.
  • Farms that participated in a 2014 pilot of Cabbige’s pricing tool saw an average increase in revenue of 9.6%, helping these small farmers make more money through an online business management tool.

Needs Statement

The local nonprofit sector is constantly evolving as new organizations crop up and existing organizations expand and improve their work. While there are countless models for social impact, today’s most effective organizations have several key characteristics in common. High-performing organizations are laser-focused on their missions, committed to financial sustainability, and diligent about collecting and using performance data to continuously improve their work. These best practices hold true across a wide range of organizations – and across different neighborhoods, social issues, and stages of organizational development. The Social Innovation Forum works to accelerate the development of enduring solutions to social problems by supporting these innovative, results-oriented organizations. SIF’s aspiration is to create a local social impact community that supports the growth of effective solutions to social issues. The program brings together an engaged community of philanthropists, foundation staff, business people, and government officials to support these groups that are applying effective solutions to address critical social issues affecting the region. As the Social Innovation Forum grows its work, it continues to seek individuals and organizations who can bring skills, talents, and financial resources to SIF and to the Social Innovators and Impact Entrepreneurs. Opportunities include partnerships to highlight particular social issues, mentoring and advising roles, and in-kind service relationships.

 


CEO Statement

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Board Chair Statement

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Geographic Area Served

GREATER BOSTON REGION, MA

Our Nonprofit Accelerator seeks applicants located in the Greater Boston region, and our Impact Investing Accelerator is open to applicants throughout New England.

 

Organization Categories

  1. Community Improvement, Capacity Building - Nonprofit Management
  2. -
  3. -

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

No

Programs

1 Social Innovator Accelerator

The Social Innovator Accelerator provides a unique opportunity for innovative nonprofits to gain visibility, expand their networks, and build capacity. This Accelerator uses a rigorous application and evaluation process to identify effective, small to mid- sized nonprofits (budget range: $100,000-$2M) that are poised for growth. Once selected into the SIF portfolio as “Social Innovators,” organizations receive access to cash and benefits valued at more than $135,000:

 

· Five months of consulting services focused on enhancing the organization’s ability to articulate the social problem it is addressing, its innovative approach, and its social impact. Final deliverables include a written investment prospectus and a five-minute pitch with PowerPoint slides

· Five months of executive coaching

· $10,000 cash upon completion of the consulting engagement

· Showcasing via numerous events, including a spring Showcase that annually attracts more than 300 Boston business leaders, institutional funders, and individual philanthropists

· Networking and relationship-building support

· Graphic design services

· Presentation coaching

Additional support from the Social Innovation Forum’s in-kind partners (e.g., legal, graphic design, PR, technology)
Budget  $550,000.00
Category  Community Development, General/Other
Population Served At-Risk Populations
Program Short-Term Success 

Through the course of a structured consulting engagement, SIF works with Social Innovators to produce two key deliverables: a five-minute investment pitch with PowerPoint slides, and a four-page investment prospectus. With such tools at their disposal, Social Innovators can pursue the resources that they need in order to run effective, financially sustainable organizations. SIF also assists Social Innovators to access over 12 in-kind partners, specializing in the areas of graphic design, legal counsel, marketing, technology, and more. The executive coaching that SIF provides to Innovators, furthermore, equips them to become more effective leaders and managers. Finally, SIF helps Social Innovators select appropriate performance metrics, set two-year targets, measure their progress towards these targets, and present the results to potential investors. The successful delivery of each of these materials and services are short-term benefits that catalyze long-term social impact for the Innovators. 

 

Program Long-Term Success 

SIF has two sets of long-term goals: one for the nonprofits it serves, and another for greater Boston’s funding community. As a result of the 24-month engagements, SIF hopes to equip our Social Innovators with the capacity, knowledge, and networks needed to develop financial sustainability and, most importantly, increased social impact. SIF also strives to assist local funders by providing them with examples of innovative, nonprofit organizations that are effectively addressing the region’s most pressing social problems. Through the showcasing of Social Innovators, SIF helps philanthropists and foundation representatives make high-impact investments in their communities. 

 

Program Success Monitored By 

The Social Innovation Forum staff surveys Social Innovators on an annual basis to document the enduring results of its engagements with them. SIF tracks developments in these nonprofit organizations’ budgets and staff size, and the team keeps a record of resources that they receive as a direct or indirect result of their work with SIF. The Social Innovation Forum staff also solicits written and oral feedback from our executive coaches, consultants, funding partners, and other program participants. 

Examples of Program Success 

The SIF report card illustrates the Social Innovation Forum’s success. The capacity building support it provides to its selected groups has assisted these organizations in more than doubling their revenue four years after engaging with the Social Innovation Forum, which in turn has allowed them to have greater social impact. In 2015, Social Innovators impacted over 200,000 lives as they work to address the most pressing social issues in greater Boston including hunger, homelessness, youth development, and environmental sustainability. Examples of growth in social impact of our innovators include:

· InnerCity Weightlifting has increased the number of students enrolled more than tenfold, from 14 students in 2010 to 159 in 2015 – giving Boston’s highest risk young people a chance to say no to violence and yes to opportunity.

· Hearth has increased the number of elders they help to secure permanent housing by 235% – allowing them to age with dignity, regardless of their medical, mental health, or social needs.

· My Life My Choice mentors three times more girls who have been victims of commercial sexual exploitation – providing them with critical support as they work to rebuild their lives.

· Smart from the Start has grown from 6 sites to 23 sites in Boston – ensuring that twice as many children from low income families enter kindergarten ready to learn.

 

 


2 Impact Investing Accelerator

In 2012, SIF began to work in the local impact investing space. SIF recognizes that philanthropy alone cannot address the wide range of social needs, and that impact investing offers an opportunity for investors to have a social impact while also receiving a financial return. For the 2016 accelerator, SIF will select social impact businesses that address a social issue through the products and services that they sell, and will help them to position their businesses for investments that will fuel their future growth. SIF is particularly interested in enterprises that are looking to rapidly scale and are seeking to capitalize using approaches beyond traditional philanthropy (e.g., debt, equity and program-related investments). Through this program, SIF provides early stage social entrepreneurs with mentors, coaches, and experienced teachers as they navigate tremendous challenges and opportunities to grow and develop a business with both social impact and financial returns.

SIF’s next stage work in impact investing will continue to help develop the market and expand its community where investors can assist entrepreneurs and be instrumental in their development and growth. The Impact Investing Accelerator culminates in a Showcase event that allows each entrepreneur an opportunity to pitch to over 100 potential investors and mentors who are interested in guiding them to their next stage work.

Budget  $150,000.00
Category  None of the above
Population Served At-Risk Populations
Program Short-Term Success 

Since 2012, SIF and its constituency have learned a lot, and have had many successes. SIF has supported 18 entrepreneurs who are working to seek both social and financial returns, and has assisted them in articulating their growth plans, finding their core differentiators, and beginning to see what the next phases of their enterprises can look like. By doing this work, SIF has assisted many of them to think bigger and broader, to find mentors who can assist them in their growth, and introduced them to investors who have begun making financial investments in their businesses. None of this happens quickly, and it is based on relationships, trust, and the unique way that SIF develops both its mentors and its entrepreneurs. SIF has noticed that many people who have been following its nonprofit work over its 12+ years are now intrigued with ways that they can additionally "invest" in some early stage social impact businesses. SIF knows that this work will take time, and that the work it’s doing in both growing early stage enterprises and fostering these connections is an important step in moving this process forward.

Program Long-Term Success 

SIF’s next stage work will continue to help develop the market and create a space where investors can assist entrepreneurs and help be instrumental in their development and growth. So many early stage entrepreneurs are seeking mentors, coaches, and experienced teachers who can assist them as they navigate tremendous challenges and opportunities to grow and develop a business with both social impact and financial returns. In this process, SIF is able to assist both the entrepreneurs, the potential impact investors, and to help develop the field and the future market for impact investing.

Program Success Monitored By  The Social Innovation Forum surveys its Impact Entrepreneurs on an annual basis to document the enduring results of our engagements with them. It tracks developments in these organizations’ financials and business models, and its team keeps a record of resources that they receive as a direct or indirect result of their work with SIF. The Social Innovation Forum staff also solicits written and oral feedback from our executive coaches, consultants, funding partners, and other program participants.

 

Examples of Program Success 

GRIT (Global Research Innovation & Technology), a 2013 Impact Entrepreneur, gained visibility and exposure to potential investors, particularly those who were looking to back companies that promised both a financial and a social return. CEO and Co-Founder Tish Scolnik and her team of MIT-trained mechanical engineers took advantage of SIF networking opportunities while in the program and continued to engage actively in the SIF community as alumni. Through SIF, Tish met Jeff Kushner, former CEO of BlueMountain Capital, Europe, and an active social impact investor, who later became a lead investor and GRIT board member.

 
Since 2013, GRIT has sold more than 1,500 chairs in developing countries, and the company has brought an updated version of the Freedom Chair to market in the United States. Drawing on the materials created with SIF, GRIT began actively fundraising and in July 2015 closed its first funding round, raising $600,000 from 16 impact and angel investors, many of whom came through the SIF network. GRIT will use this investment to build its marketing and sales capacity so that it can grow both its social and financial impact to the next level.

CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Ms. Susan Musinsky
CEO Term Start June 2005
CEO Email smusinsky@socialinnovationforum.org
CEO Experience

With a wealth of experience in the nonprofit sector, Susan joined Root Cause in 2005 as Director of the Social Innovation Forum. In 2015, after 10 years of helping to grow SIF into a well-recognized and highly respected program, Susan co-led the spin-off of the program into an independent organization. In the newly formed entity, Susan works with investors (individuals and foundations) and non-profit and for-profit social entrepreneurs to accelerate solutions to critical social problems. Susan thoroughly enjoys building community and connecting people, and her vision is to build a powerful network where funders and practitioners work together toward social change. Through her work, Susan has shown that social impact and social change do happen from creating purposeful, mission-focused communities.

Among other experiences, Susan was Executive Director of the National Conference for Community and Justice's (NCCJ) Boston office, which grew threefold under her leadership. She has participated on many local boards, including serving as past chair of Congregation Beth El's Tzedkah Hevra group, and as a 10-year founding member of the Watertown Community Foundation’s Board of Directors.
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
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Senior Staff

Name Title Experience/Biography
Ms. Katie Barnett Associate Director

Katie Barnett is the Associate Director of the Social Innovation Forum, providing leadership and oversight of Social Innovation Forum programs, including growth strategies and new program development. Katie, along with SIF’s Executive Director Susan Musinsky, led the Social Innovation Forum through their spin-off from Root Cause during 2015, and she continues to lead SIF’s administration and operations.

Katie began working as a consultant with Root Cause and the Social Innovation Forum in 2006, and she became the SIF Lead Consultant in 2008. Over the years, she has worked on a range of social issues, including early childhood education, workforce development, social enterprise, and the arts. She continues to be inspired every day by SIF’s Social Innovators and Impact Entrepreneurs, and she is grateful for the opportunity to support them through her work.

Katie brings experience from the public, private, and nonprofit sectors. She worked in development at the Harvard School of Public Health, special projects at the Corporation for National and Community Service, and was a consultant at Bridgespan and McKinsey & Co.

Ms. Aditi Giri Program Fellow

Aditi Giri joined SIF as a Program Fellow in September 2015. In this role, she works closely with the Lead Consultant and the program team to support day-to-day logistics of the Social Innovator Accelerator. Aditi is responsible for coordinating meetings, workshops, and events to support and showcase our nonprofit Innovators from the selection process through SIF’s Showcase event.

Aditi was born in Kathmandu, Nepal and has been living in the United States since she was eight years old. She recently graduated with honors from Northeastern University with a BA in International Affairs and minors in Social Entrepreneurship and Business. While at Northeastern, she participated in two co-ops. At Covalence Ethical Quote, an ethical reputation reporting company in Geneva, Switzerland, she collected data and developed reports for stakeholders of multinational organizations. In her second co-op, she served as a fundraising manager for Heart Capital, an impact investing nonprofit organization in Cape Town, South Africa, where she recruited impact investors through outreach to companies’ corporate social responsibility departments. She is thrilled to apply her educational background, skillsets, and unique perspective to the SIF team!
Ms. Tanya Inwald Lead Consultant

As Lead Consultant with the Social Innovation Forum, Tanya collaborates with a wide range of Social Innovators to help them expand their reach and strengthen their impact.  Tanya leads the search and selection process for the Social Innovator Accelerator, where she has the opportunity to meet hundreds of nonprofit leaders, passionate funders, and social issue experts each year. She recruits and manages a team of consultants who support each year’s cohort of nonprofit Social Innovators through the intense six-month accelerator, which includes preparing Innovators to present at a social issue talk series and at the Social Innovation Forum’s largest event, the annual Social Innovator Showcase. Tanya continues to act as the main liaison with Social Innovators after their engagement with SIF and finds ways to support SIF’s portfolio of Innovators through workshops, connections, and through SIF’s network of in-kind partners, whose services help both current and past Innovators.

Prior to the Social Innovation Forum, Tanya was Director of Operations at the Boston Debate League (BDL) where she built and developed various systems aimed at improving the efficiency and scalability of BDL’s programs. Tanya also brings more than five years of experience working in financial services at JPMorgan and Brown Brothers Harriman & Co., where she worked before receiving her MBA at Yale School of Management.

To pursue her true passion (for the social sector), Tanya left financial services and enrolled in the MBA program at the Yale School of Management. During her time at Yale, Tanya consulted to various social enterprises, including SmallBean and ProNaturaleza. After receiving her MBA, Tanya joined the Boston Debate League as its Director of Operations, where she developed various systems aimed at improving the efficiency and scalability of the organization's programs.
Ms. Rachel Shaheen Development Coordinator

As Development Coordinator for the Social Innovation Forum, Rachel is the primary Salesforce administrator and data manager for the staff team, and helping helps to drive fundraising and community building. Rachel also helps produce materials for external audiences including program summaries, fact sheets, and the Social Innovation Forum’s Report Card.

Rachel joined the SIF team in 2014 as a program assistant and transitioned into her current role in October 2015. She graduated from Northeastern University in 2014 with a BA in Political Science as well as minors in Social Entrepreneurship and International Affairs. Through Northeastern’s co-op program, she worked at Root Cause as the operations assistant in 2011 and at the Massachusetts Commission on the Status of Women, first as the legislative and public policy intern and later serving as interim manager of the agency for four months. Rachel was involved with the Social Enterprise Institute at Northeastern University, through which she partnered with South African colleagues in Cape Town to provide business consulting to the South African Red Cross Society as well as a micro-entrepreneur working to open a jazz lounge and restaurant in his township. Rachel is excited to bring her experience back to the Social Innovation Forum team and to support SIF as the organization grows.
Ms. Carolyn Shaughnessy Senior Manager, Social Impact Investment Community

As Senior Manager of SIF’s Social Impact Investment Community since 2012, Carolyn designs and implements strategies to engage business leaders, philanthropists, and funders from greater Boston with the work of the Social Innovation Forum. This includes facilitating mentoring engagements with Social Innovators and Impact Entrepreneurs, creating new education and learning opportunities, bringing new people into the community, and cultivating investments to support the ongoing work of the Social Innovation Forum and the organizations in our extensive portfolio.

Carolyn is currently a board member for the Camellia Network and is a founding member of A Step Up, a group that encourages women and their families to become involved with innovative nonprofits that are having an impact in their local communities. Previously, she worked in higher education supporting students with learning disabilities by developing and implementing programs to enhance academic and social success. Carolyn enjoys building community and helping people find meaningful ways to support high-potential nonprofit organizations and social enterprises. She believes that the diverse SIF portfolio of Innovators and Entrepreneurs has something for everyone, and she loves helping people find their true passion for giving back.
Ms. Marissa Silapaswan Impact Investing Fellow Marissa Silapaswan joined Social Innovation Forum in October 2015 as SIF’s Impact Investing Fellow. In this role, she works closely with SIF’s Executive Director to support the Social Innovation Forum’s Impact Investing Accelerator. Marissa is responsible for outreach to social impact businesses and enjoys getting to know many inspiring social entrepreneurs in greater Boston. She also manages SIF’s growing network of mentors and coordinates meetings, workshops, and events for the Impact Investing Accelerator. Marissa began her career as a high school teacher in Baltimore, Maryland through Teach for America and went on to earn a master’s in public policy at Columbia University. While at Columbia, she became fascinated by the social enterprise and impact investing world and worked for a number of funds both domestically and internationally. Marissa is excited to apply her past experiences in impact investing to SIF’s Impact Investing Accelerator and to learn even more about the local landscape in her role at SIF.
Ms. Anna Trieschmann Program Manager

As program manager of the Social Innovation Forum, Anna has the opportunity to take part in all aspects of SIF’s work. In her fourth year with SIF, Anna continues to help guide the general operations of the program department and also works on new initiatives within SIF. Anna supports the selection of SIF’s innovative nonprofits and social impact businesses and is responsible for building and managing all technology related to the application process. Anna also manages coordination and communication across SIF’s wide-ranging community - from consultants to coaches to in-kind partners and volunteers. As part of her work, Anna organizes the Social Innovation Forum’s largest annual event, the Social Innovator Showcase, and oversees the planning of many smaller events throughout the year.

In the spin-off from Root Cause, Anna has taken on many new projects including leading SIF’s visual rebranding and the development of its new website, and supporting many aspects of the operational transition from Root Cause. Anna enjoys taking on new challenges and helping to build SIF’s culture as our team continues to grow. She also spends time volunteering with many of SIF’s Innovators and currently serves on the young professional advisory committee for 2012 Innovator InnerCity Weightlifting.

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? Yes
Name of state association Massachusetts Nonprofit Network

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

--

CEO/Executive Director/Board Comments

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Foundation Comments

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Staff Information

Number of Full Time Staff 6
Number of Part Time Staff 2
Number of Volunteers 195
Number of Contract Staff 7
Staff Retention Rate % --

Staff Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 2
Caucasian: 6
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 8
Male: 0
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Yes
Organization has Strategic Plan? Under Development
Years Strategic Plan Considers N/A
Management Succession Plan No
Business Continuity of Operations Plan No
Organization Policies And Procedures Under Development
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy Yes
State Charitable Solicitations Permit Yes
State Registration Yes

Risk Management Provisions

Commercial General Liability
Employment Practices Liability
Directors and Officers Policy
Workers Compensation and Employers' Liability
Professional Liability

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Mr. Ryan Dings
Board Chair Company Affiliation WrightGrid
Board Chair Term July 2015 -
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Mr. Ryan Dings WrightGrid Voting
Ms. Katherine Gross The Charlotte Foundation Voting
Mr. Weston Howland Howland Capital Management Voting
Mr. David Howse ArtsEmerson Voting
Ms. Susan Musinsky Social Innovation Forum Voting
Mr. Andy Offit City of Somerville Voting
Mr. Vikram Punwani Sankaty Advisors Voting
Ms. Marie Schwartz TeenLife Media Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 1
Caucasian: 6
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 3
Male: 5
Not Specified 0

Board Information

Board Term Lengths 3
Board Term Limits 0
Board Meeting Attendance % 100%
Written Board Selection Criteria Yes
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions 100%
Constituency Includes Client Representation Yes

Standing Committees

    --

CEO/Executive Director/Board Comments

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Foundation Comments

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Fiscal Year July 01, 2015 to June 30, 2016
Projected Income $949,480.00
Projected Expense $863,575.00
Form 990s --
Audit Documents --
IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2014 2013 2012
Total Revenue $949,480 $816,660 $678,248
Total Expenses $863,575 $843,523 $641,735

Prior Three Years Revenue Sources

Fiscal Year 2014 2013 2012
Foundation and
Corporation Contributions
$554,390 $433,360 $311,899
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $47,185 $55,878 $54,936
Indirect Public Support -- -- --
Earned Revenue -- -- --
Investment Income, Net of Losses -- -- --
Membership Dues $6,250 $6,000 $6,000
Special Events $14,850 $12,375 $26,300
Revenue In-Kind $326,805 $309,047 $278,064
Other -- -- $1,049

Prior Three Years Expense Allocations

Fiscal Year 2014 2013 2012
Program Expense $739,288 $711,052 $553,442
Administration Expense $99,430 $106,964 $72,844
Fundraising Expense $24,857 $25,507 $15,449
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.10 0.97 1.06
Program Expense/Total Expenses 86% 84% 86%
Fundraising Expense/Contributed Revenue 4% 5% 4%

Prior Three Years Assets and Liabilities

Fiscal Year 2014 2013 2012
Total Assets -- -- --
Current Assets -- -- --
Long-Term Liabilities -- -- --
Current Liabilities -- -- --
Total Net Assets -- -- --

Prior Three Years Top Three Funding Sources

Fiscal Year 2014 2013 2012
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy --
Percentage(If selected) --
Credit Line Yes
Reserve Fund No
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? No

Short Term Solvency

Fiscal Year 2014 2013 2012
Current Ratio: Current Assets/Current Liabilities -- -- --

Long Term Solvency

Fiscal Year 2014 2013 2012
Long-term Liabilities/Total Assets 0% 0% 0%

CEO/Executive Director/Board Comments

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Foundation Comments

Social Innovation Forum Inc. (SIF) recently received its own nonprofit status from the IRS, per the IRS Letter of Determination posted above, effective April 2015. SIF was formerly a division of Root Cause Institute Inc.
 
Financial summary data in the charts and graphs above is per the organization and reflects its time as a division of Root Cause Institute Inc. During SIF's time as a division of Root Cause Institute Inc., asset and liability data was tracked on an organizational wide level only. SIF's 990 and audit files will be posted as they become available.

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Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

The Social Innovation Forum works to accelerate the development of enduring solutions to social problems by supporting innovative, results-oriented organizations. Its aspiration is to create a local social impact community that supports the growth of effective solutions to social issues. The SIF selection process and program bring together more than 2,300 philanthropists, foundation staff, business professionals, and government officials to support innovative nonprofit organizations and social enterprises that are applying effective solutions to address social issues affecting our region. 


2. What are your strategies for making this happen?

Since 2003, the Social Innovation Forum has been working to bring together nonprofits, philanthropy, government, and business to advance solutions to today's toughest social issues. The Social Innovation Forum works with organizations that directly address social issues as well as organizations and individuals who provide resources to support these organizations. Through its accelerator programs, SIF identifies effective, results-oriented organizations and provides them with direct capacity building support. SIF partners with funders, investors, and individuals to help them direct resources most effectively. In all its work, SIF is an active network builder, making connections across the community to create positive social change. 


3. What are your organization’s capabilities for doing this?

The Social Innovation Forum is directed by Susan Musinsky and has dedicated staff members, an extensive network of highly skilled volunteers, and more than 12 in-kind partners offering their services to Social Innovators and Impact Entrepreneurs. The organization not only has expertise in nonprofit capacity building, it is also skilled in recruiting and matching talent to fill the areas in which it does not have internal expertise. Annually, the SIF team recruits a wide range of paid and volunteer consultants, executive coaches, presentation advisors, and others to provide professional-level capacity building services to Social Innovators and Impact Entrepreneurs, and it expertly manages this dynamic network of service providers to maximize their time and talent.

 


4. How will your organization know if you are making progress?

The Social Innovation Forum believes that performance measurement continues to serve as a valuable decision-making tool for both Social Innovators and the funders that support them. SIF believes that performance measurement must be integrated into any assessment process and, if provided, will allow funders to effectively evaluate an organization and its impact. To demonstrate its commitment to performance measurement, SIF has also assessed its own work as an organization and has collected data that demonstrates that its work has made a difference.

SIF is committed to supporting the ongoing learning of its Social Innovators through its performance measurement process, which includes developing a set of performance metrics and tracking these metrics against established short-term goals on a quarterly basis. It guides each of the Social Innovators through a 12-month performance measurement process, which gives leaders a structure to capitalize on the Social Innovation Forum process and work towards performance targets. After two years of engagement, SIF works with each Social Innovator to publish a Performance Measurement Report to demonstrate how they have grown, learned, and shared successes and challenges. Social Innovators’ commitment to tracking their progress and making course corrections is just one of the many attributes that has propelled them forward and helped position them for continued growth and success.

In addition, the Social Innovation Forum tracks a number of metrics for our own learning and improvement and has published periodic report cards showing its impact in the greater Boston community. Building on our previous results, the 2015 data shows that on average, Social Innovators more than double their revenue four years after engaging with SIF. As a result, they are able to provide their services to a larger number of people in need. In 2015, Social Innovators directly impacted over 200,000 lives as they work to address the most pressing social issues in greater Boston including hunger, homelessness, youth development, and environmental sustainability.

For example, InnerCity Weightlifting (ICW), a 2012 Social Innovator that uses fitness training as a tool to reduce violence and promote professional, personal and academic achievement among urban youth, has demonstrated tremendous growth since working with SIF. ICW increased its budget from $500,000 after six months of completing the SIF engagement, and then to over $1 million three years later, opening their first gym in Dorchester and giving their students a place to find hope and opportunity. Less than two years later, ICW opened a second gym in Kendall Square.


5. What have and haven’t you accomplished so far?

Over its first decade, the Social Innovation Forum has developed a successful model for directing new resources to innovative, results-oriented nonprofits and social enterprises in greater Boston. Its rigorous selection process and intensive program has brought together a “Social Impact Investment Community” of more than 2,300 philanthropists, foundation staff, business professionals, and government officials who are interested in supporting innovative, effective approaches to address important social issues. The Social Innovation Forum has held twelve Showcase events and recognized over 85 nonprofits (“Social Innovators”) and social enterprises (“Impact Entrepreneurs”) across a variety of social sectors. Since 2003, SIF has directed more than $22 million in cash and in-kind services to organizations in its portfolio.

Following the spin-off from Root Cause in 2015, the Social Innovation Forum will continue on its trajectory of strong growth and impact. SIF has raised its budget independently each year as a program of Root Cause, and anticipates that with its board of directors supporting its vision and programs, its capacity will grow as an independent organization. This will include added staff roles in development, operations, communications, and on the programmatic side of our work in order to position SIF for growth, impact, and financial sustainability in future years.

In December of 2015, SIF will announce its largest cohort of Innovators for its 2016 program year, and it will launch its new website that it expects will bring new social change leaders and supporters to its work. SIF continues to grow and develop its Impact Investing Accelerator and community that serves social enterprises and engages a broad community of funders, investors, and mentors. SIF also plans to begin testing further approaches to working with nonprofit organizations that become finalists in our process but are not chosen as Social Innovators.

Finally, SIF has built a strong community of funders, philanthropists, and business leaders committed to actively working with us to solve social problems. These supporters are not only directing their financial resources to solve social problems, but they are engaging with nonprofits and social enterprises, networking, and using their time and skills to increase social impact. This community currently includes over 2,300 people who are engaged in the Social Innovation Forum network attending events and utilizing this community for learning opportunities. SIF also has 195 deeply engaged high-level volunteers supporting our program. In the next 5 years, SIF plans to increase the community threefold, building an even stronger and deeper network across the city.

It is clear from the growth of the organizations in the SIF portfolio and the measurable increase in the number of people affected by this growth that the SIF model works. Over the long term, its goal is for the Social Innovation Forum to become the go-to curator and accelerator of social change organizations in greater Boston and a key resource for Boston’s philanthropic community seeking out the most effective solutions to social issues. SIF is ready to take its vision of making greater Boston a better place to the next level.