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Nonprofit · EIN 27-4620963

SOCIAL FINANCE INC

Tax-exempt · BOSTON, MA 02110

Financials

$39.2M$31.6M2023$79.1M$36.4M2024
Revenue Expenses · by fiscal year end
Financials of SOCIAL FINANCE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$79,102,825$36,403,375$42,699,450$194,299,108$21,662,201$172,636,907
December 31, 2023990$39,216,945$31,575,913$7,641,032$158,209,325$21,001,572$137,207,753
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$64,478,252
of which government grants
$9,341,929
Program service revenue
$8,954,646
Investment income
$5,575,592
Net gain from sales of assets
-$1,044,434
Other revenue
$94,335

Expenses

Grants and similar amounts paid
$1,784,668
Compensation of officers, directors and key employees
$2,730,980
Other salaries and wages
$15,987,057
Salaries, compensation and benefits (total)
$22,118,264
Professional fundraising fees
$0
Legal fees
$139,571
Accounting fees
$170,730
Occupancy
$1,266,232
Travel
$387,268
Depreciation
$882,638
Program services (functional)
$29,566,137
Management and general (functional)
$6,512,143
Fundraising (functional)
$325,095

Balance sheet and other

Total assets, start of year
$158,209,325
Total assets, end of year
$194,299,108
Total liabilities, end of year
$21,662,201
Net assets, end of year
$172,636,907
Land, buildings and equipment
$585,200
Publicly traded securities
$91,118,757
Net assets without donor restrictions
$96,635,727
Net assets with donor restrictions
$76,001,180
Gross receipts
$98,611,375
Employees
137
Volunteers
14
Year formed
2011
State of legal domicile
MA

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.

NameTitleHours / weekCompensationOther / benefits
Tracy PalandjianCEO & Co-Founder
Trustee or director, Officer
40$789,674$36,797
KIRSTIN HILLPresident & COO
Officer
40$383,937$27,112
John WoodsCHIEF FINANCIAL OFFICER
Officer
40$302,680$31,694
Jacob SegalMANAGING DIRECTOR, Impact Adv.
Officer
40$297,535$27,180
KAREN LYNN ANDERSONMANAGING DIR, SFI
Officer
40$291,355$26,166
Navjeet K BalGeneral Counsel(until 12/6/24)
Officer
40$249,491$25,841
Stephen Gaetano VicinelliVP, Impact Investments
Highest-paid employee
40$237,195$36,962
Andrew C ChenVP, Impact Investments
Highest-paid employee
40$238,720$26,775
Catherine Dun RappaportVP, Impact Investments
Highest-paid employee
40$234,695$29,668
Jonathan S EdwardsVP, Impact Investments
Highest-paid employee
40$235,720$25,474
Justin BakuleVP, Impact Investments
Highest-paid employee
40$234,695$20,086
Leslie CornellGEN. COUNS. & CHIEF COMP.
Officer
40$218,762$22,756
Alexa RachlinDirector
Trustee or director
2$0$0
BRACEBRIDGE H YOUNG JRDirector
Trustee or director
2$0$0
Doug HendersonTreasurer
Trustee or director, Officer
2$0$0
11 more people on this return
NameTitleHours / weekCompensation
DR LAUREN SMITHDirector
Trustee or director
2$0
EDWARD L SHAPIRODirector
Trustee or director
2$0
GOVERNOR DEVAL PATRICKDirector
Trustee or director
2$0
Ian SimmonsDirector
Trustee or director
2$0
Karen DynanDirector
Trustee or director
2$0
Laura LauderDirector
Trustee or director
2$0
Laurene SperlingDirector
Trustee or director
2$0
ELIZABETH LEMPRESDirector
Trustee or director
2$0
Nancy ZimmermanClerk
Trustee or director, Officer
2$0
PAMELA DIPPEL CHONEYChair
Trustee or director, Officer
2$0
SANDRA A URIEDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 29 people
NameTitleHours / weekCompensationOther / benefits
TRACY PALANDJIANPresident & CEO
Trustee or director, Officer
40$504,220$39,411
MICHAEL GROSSMANManaging DIR (until 12/23)
Officer
40$371,726$39,403
JOHN WOODSChief Financial Officer
Officer
40$267,340$44,354
JACOB SEGALManaging Director
Officer
40$266,331$36,782
NAVJEET K BALMANAGING DIR & GENERAL COUNSEL
Officer
40$263,220$27,169
Catherine ChoVP, Impact Investments
Highest-paid employee
40$231,720$32,166
JUSTIN BAKULEVP, IMPACT INVESTMENTS
Highest-paid employee
40$228,655$34,126
Stephen VicinelliVP, Impact Investments
Highest-paid employee
40$221,734$34,779
Catherine Dun RappaportVP, Impact Investments
Highest-paid employee
40$220,731$33,348
ANDREW C CHENVP, IMPACT INVESTMENTS
Highest-paid employee
40$216,700$26,366
Kirstin HillPresident & COO (AS OF 9/23)
Officer
40$156,660$0
Karen AndersonMANAGING DIR, SFI (AS OF 9/23)
Officer
40$86,868$0
EMILY FRIEDMANCHIEF ADMIN. OFF. (UNTIL 2/23)
Officer
40$72,279$8,186
BRACEBRIDGE H YOUNG JRChairperson & Director
Trustee or director, Officer
2$0$0
EDWARD L SHAPIROVice Chair & Director
Trustee or director, Officer
2$0$0
PAMELA DIPPEL CHONEYTreasurer & Director
Trustee or director, Officer
2$0$0
NANCY ZIMMERMANClerk & Director
Trustee or director
2$0$0
Sir Ronald CohenDirector
Trustee or director
2$0$0
Karen DynanDirector
Trustee or director
2$0$0
Doug HendersonDirector
Trustee or director
2$0$0
Laura LauderDirector
Trustee or director
2$0$0
Elizabeth LempresDirector
Trustee or director
2$0$0
Andrew MarinoDirector
Trustee or director
2$0$0
Governor Deval PatrickDirector
Trustee or director
2$0$0
Alexa RachlinDirector
Trustee or director
2$0$0
Dr Lauren SmithDirector
Trustee or director
2$0$0
Ian SimmonsDirector
Trustee or director
2$0$0
Laurene SperlingDirector
Trustee or director
2$0$0
Sandra A UrieDirector
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
2 ATLANTIC AVE 5TH FLOOR, BOSTON, MA 02110-3976
In care of
% PAMELA YANG
Principal officer (990 for 2024)
Kirstin Hill, 2 Atlantic Avenue 5th Floor, Boston, MA 02110
Signed the 990
Kirstin Hill, President & COO
Phone
(617) 939-9900
Return prepared by
BDO USA

Mission

SOCIAL FINANCE BUILDS INNOVATIVE PARTNERSHIPS AND INVESTMENTS THAT REALIGN SYSTEMS TO MEASURABLY IMPROVE LIVES.

990 for the year ended December 31, 2024

Program accomplishments

  • SEE SCHEDULE O
    Expenses $18,631,542 · grants $1,383,864 · revenue $701,115
  • SEE SCHEDULE O
    Expenses $8,411,556 · grants $225,804 · revenue $7,027,899
  • SEE SCHEDULE O
    Expenses $2,523,039 · grants $175,000
  • OTHER PROGRAM SERVICES
    revenue $1,319,967

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-4620963
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
2012
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P12)
Assets (IRS master file)
$194,299,108
Income (IRS master file)
$98,611,375

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$79,102,825$36,403,375$194,299,108IRS
990December 2023$39,216,945$31,575,913$158,209,325XML
990December 2022$73,403,817$23,292,911$153,587,163IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 27-4620963).

Questions about SOCIAL FINANCE INC

What is the EIN of SOCIAL FINANCE INC?
The employer identification number (EIN) of SOCIAL FINANCE INC is 27-4620963.
Is SOCIAL FINANCE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
Are donations to SOCIAL FINANCE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOCIAL FINANCE 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 SOCIAL FINANCE 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 SOCIAL FINANCE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SOCIAL FINANCE INC?
The 990 for the year ended December 31, 2024 names Kirstin Hill.
Who are the officers and directors of SOCIAL FINANCE INC?
The 990 for the year ended December 31, 2024 lists 26 people; 12 received compensation from the organization, the highest $789,674 (Tracy Palandjian, CEO & Co-Founder).
How much revenue does SOCIAL FINANCE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $79,102,825, expenses of $36,403,375 and total assets of $194,299,108 at year end.

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