Nonprofit · EIN 20-5124665
SEACHANGE CAPITAL PARTNERS INC
Tax-exempt · NEW YORK, NY 10170
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,735,687 | $3,267,486 | $468,201 | $9,803,151 | $1,551,913 | $8,251,238 |
| December 31, 2023 | 990 | $4,050,128 | $3,112,459 | $937,669 | $8,914,155 | $1,436,956 | $7,477,199 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,057,999
- Program service revenue
- $467,110
- Investment income
- $195,899
- Net gain from sales of assets
- $26,624
- Other revenue
- $14,679
Expenses
- Grants and similar amounts paid
- $1,394,344
- Compensation of officers, directors and key employees
- $496,865
- Other salaries and wages
- $510,557
- Salaries, compensation and benefits (total)
- $1,172,093
- Professional fundraising fees
- $0
- Legal fees
- $398,909
- Accounting fees
- $119,475
- Occupancy
- $10,271
- Travel
- $62,291
- Depreciation
- $1,445
- Program services (functional)
- $2,740,768
- Management and general (functional)
- $491,555
- Fundraising (functional)
- $35,163
Balance sheet and other
- Total assets, start of year
- $8,914,155
- Total assets, end of year
- $9,803,151
- Total liabilities, end of year
- $1,551,913
- Net assets, end of year
- $8,251,238
- Publicly traded securities
- $3,385,375
- Net assets without donor restrictions
- $2,873,339
- Net assets with donor restrictions
- $5,377,899
- Gross receipts
- $9,654,082
- Employees
- 8
- Volunteers
- 10
- Year formed
- 2006
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN MACINTOSH | MNG PARTNER Trustee or director, Officer | 40 | $209,317 | $20,563 |
| TAJREENA TABASSOOM | PARTNER | 40 | $174,859 | $17,038 |
| Lindsay Kijewski | PARTNER | 40 | $144,948 | $13,405 |
| Minji Kim | Vice President | 40 | $127,700 | $12,089 |
| ALEX VOLPICELLO | Secretary Trustee or director, Officer | 40 | $112,688 | $10,168 |
| AARON SIEGEL | Trustee Trustee or director | 1 | $0 | $0 |
| MARK E REED III | CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| Paulette LoMonaco | Trustee Trustee or director | 1 | $0 | $0 |
| W BOWMAN CUTTER | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| GEORGIA LEVENSON KEOHANE | Trustee Trustee or director | 1 | $0 | $0 |
| Stanley Richards | Trustee Trustee or director | 1 | $0 | $0 |
| MARGARET CROTTY | Trustee Trustee or director | 1 | $0 | $0 |
| David Ringer | Trustee Trustee or director | 1 | $0 | $0 |
| Omar Rush | Trustee Trustee or director | 1 | $0 | $0 |
| Lori Slutky | Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN MACINTOSH | MNG PARTNER Trustee or director, Officer | 40 | $198,142 |
| TAJREENA TABASSOOM | PARTNER | 40 | $175,717 |
| ALEX VOLPICELLO | Secretary Officer | 40 | $88,600 |
| AARON SIEGEL | Trustee Trustee or director | 1 | $0 |
| MARK E REED III | CO-CHAIR Trustee or director, Officer | 10 | $0 |
| VALARIE GAY | Trustee Trustee or director | 1 | $0 |
| W BOWMAN CUTTER | Trustee Trustee or director | 1 | $0 |
| GEORGIA LEVENSON KEOHANE | Trustee Trustee or director | 1 | $0 |
| Tata Traor-Rogers | Trustee Trustee or director, Officer | 1 | $0 |
| MARGARET CROTTY | CO-CHAIR Trustee or director | 1 | $0 |
| TAYLOR KUSHNER | Treasurer Trustee or director, Officer | 1 | $0 |
| FRANK LIU | Trustee Trustee or director | 1 | $0 |
| SISTER PAULETTE LOMONACO | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 420 LEXINGTON AVE RM 300, NEW YORK, NY 10170-0399
- In care of
- % BEHAN LING & RUTA CPAS PC
- Signed the 990
- JOHN MACINTOSH, MANAGING PARTNER
- Phone
- (844) 869-7842
- Website
- www.seachangecap.org
- Return prepared by
- FUOCO GROUP LLP
Mission
SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONALCHALLENGES. WE DO THIS WITH GRANTS, LOANS, CONSULTING, AND RESEARCH TO EDUCATE NONPROFITS, FUNDERS, AND OTHER STAKEHOLDERS. SEACHANGE ALSO WORKS TO BUILD EFFECTIVE CONNECTIONS BETWEEN FUNDERS AND NONPROFITS ON THE ASSOCIATED ISSUES. WE FOCUS IN FOUR AREAS:IN MERGERS AND SUSTAINED COLLABORATION, WE SUPPORT NONPROFITS THAT ALREADY HAVE ASERIOUS INTEREST IN COMING TOGETHEROR IN EXPLORING HOW THEY MIGHTBY COVERING APORTION OF THE COSTS OF EXPLORING OR COMPLETING THE TRANSACTION. WE MANAGE FOURGRANTMAKING PROGRAMSTHE SEACHANGE-LODESTAR FUND FOR NONPROFIT COLLABORATION, THE NEW YORK MERGER AND COLLABORATION FUND, THE GREATER PHILADELPHIA NONPROFIT REPOSITIONING FUND, AND THE TRANSFORMATIONAL PARTNERSHIPS FUND (WITH A FOCUS ON HIGHER EDUCATION) THAT PROVIDE FUNDING TO ENCOURAGE AND SUPPORT MERGERS, ACQUISITIONS, JOINT VENTURES, AND OTHER TYPES OF FORMAL, SUSTAINED COLLABORATIONS BETWEEN NONPROFITS. SEACHANGE IS A FOUNDIN
Program accomplishments
- SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONAL CHALLENGES. WE DO THIS WITH GRANTS, LOANS, CONSULTING, AND RESEARCH TO EDUCATE NONPROFITS, FUNDERS, AND OTHER STAKEHOLDERS. SEACHANGE ALSO WORKS TO BUILD EFFECTIVE CONNECTIONS BETWEEN FUNDERS AND NONPROFITS ON THE ASSOCIATED ISSUES.SEACHANGE LAUNCHED IN EARLY 2008 WITH SUPPORT FROM THE BILL & MELINDA GATES FOUNDATION, OMIDYAR NETWORK, THE WILLIAM AND FLORA HEWLETT FOUNDATION, THE SURDNA FOUNDATION, GOLDMAN SACHS, AND A GROUP OF INDIVIDUAL PHILANTHROPISTS. AFTER AN INITIAL FOCUS ON EDUCATION AND YOUTH DEVELOPMENT THROUGH THE CATALYST FUND (2008-2016), SEACHANGE EXPANDED INTO SUSTAINED COLLABORATION WITH THE SEACHANGE-LODESTAR FUND FOR NONPROFIT COLLABORATION (2009-PRESENT), THE NEW YORK MERGER AND COLLABORATION FUND (NYMAC, 2012-PRESENT), THE GREATER PHILADELPHIA NONPROFIT REPOSITIONING FUND (NONPROFIT REPOSITIONING FUND, 2018-PRESENT), AND THE TRANSFORMATIONAL PARTNERSHIPS FUND (2020-PRESENT); INTO CREDIT WITH THE CONTACT FUND (2013-PRESENT), THE SEACHANGE SPECIAL IMPACT FUND LLC (SIF, 2020-PRESENT), THE NEW YORK POOLED PRI FUND (NYPRI, 2014-PRESENT), AND NEW YORK SHELTER ACQUISITION AND PREDEVELOPMENT FUND, LLC (NYSAPF, 2023-PRESENT); AND INTO IMPACT INVESTING WITH THE NEW YORK IMPACT OPPORTUNITIES FUND, LLC (2021-PRESENT). NYPRI, THE CONTACT FUND, NYSAPF, AND SIF ARE SEPARATE LEGAL ENTITIES; SEACHANGE SERVES AS THE MANAGING MEMBER OF NYPRI AND NYSAPF, AS THE SOLE MEMBER OF SIF, AND MANAGES THE CONTACT FUND PURSUANT TO A MANAGEMENT SERVICES AGREEMENT. NYMAC, THE SEACHANGE-LODESTAR FUND FOR NONPROFIT COLLABORATION, THE NONPROFIT REPOSITIONING FUND, AND THE TRANSFORMATIONAL PARTNERSHIPS FUND ARE GRANTMAKING PROGRAMS OF SEACHANGE THAT ARE REFERRED TO AS FUNDS BECAUSE EACH HAS A DISTINCT SET OF PHILANTHROPIC FUNDERS TO WHOM CERTAIN GOVERNANCE RIGHTS HAVE BEEN GRANTED. NONE OF THESE FOUR GRANTMAKING PROGRAMS ARE DISTINCT LEGAL ENTITIES. IN 2011, SEACHANGE BEGAN PROVIDING ANALYSIS AND ADVICE (I.E., CONSULTING) IN RESPONSE TO REQUESTS FROM NONPROFITS AND FUNDERS. OUR WORK WILL CONTINUE TO EVOLVE IN RESPONSE TO CHANGES IN THE ENVIRONMENT, FEEDBACK FROM THE MARKET, AND REFLECTION ON OUR ACCOMPLISHMENTS AND CHALLENGES. SEACHANGE ALSO REGULARLY RELEASES REPORTS ANALYZING MAJOR ISSUES FOR THE NONPROFIT SECTOR, AS WELL AS OPINION PIECES IN VARIOUS PUBLICATIONS.During 2024, SeaChange made grants to support 48 sustained collaboration grants: NRF (14), NYMAC (11), SC-LS (16), TPF (7) compared to 42 total grants funded in 2023. SeaChange had a staff of 8 full-time employees in 2024 and 8 in 2023.Expenses $2,740,768
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5124665
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $9,803,151
- Income (IRS master file)
- $9,654,082
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,735,687 | $3,267,486 | $9,803,151 | IRS |
| 990 | December 2023 | $4,050,128 | $3,112,459 | $8,914,155 | XML |
| 990 | December 2022 | $2,543,842 | $2,229,360 | $9,672,602 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5124665).
Questions about SEACHANGE CAPITAL PARTNERS INC
- What is the EIN of SEACHANGE CAPITAL PARTNERS INC?
- The employer identification number (EIN) of SEACHANGE CAPITAL PARTNERS INC is 20-5124665.
- Is SEACHANGE CAPITAL PARTNERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to SEACHANGE CAPITAL PARTNERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SEACHANGE CAPITAL PARTNERS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SEACHANGE CAPITAL PARTNERS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SEACHANGE CAPITAL PARTNERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of SEACHANGE CAPITAL PARTNERS INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 5 received compensation from the organization, the highest $209,317 (JOHN MACINTOSH, MNG PARTNER).
- How much revenue does SEACHANGE CAPITAL PARTNERS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,735,687, expenses of $3,267,486 and total assets of $9,803,151 at year end.
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