Social Impact Partners Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Social Impact Partners ("SIP") is an innovative nonprofit organization dedicated to closing the opportunity divide in Connecticut by expanding pathways to living wage jobs and economic mobility for all, working with partners across the nonprofit, business, higher education, and government sectors, at the local and statewide level, to advance equitable education and workforce systems and practices. SIP's vision is a thriving Connecticut where every person has equitable access to a high-quality education and sustainable livelihood.
- Income
- $5.2 million
- Spending
- $2.6 million
- Spent on programs
- 90%
- Reserves
- 3.5 months of spending
- Largest source of income
- donations and private grants, 99%
- Employees
- 15
- Volunteers
- 259
- Highest pay
- $262,500, executive director
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100. Higher than 67% of charities in its peer group (human services, $1m to $10m).
Reserves
20 of 35Spendable reserves would cover 3.5 months of spending.
Debt
20 of 20It owes 8% of what it owns.
Living within its means
15 of 15Income exceeded spending by 49% of income.
Income trend
15 of 15Income rose 89% on the year before.
Spending floor
15 of 1590% of spending went to programs and raising each dollar of donations cost 1 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 65% of charities in its peer group (human services, $1m to $10m).
Independent board
25 of 2517 of 17 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $2.4 million spent. Social Impact Partners ("SIP") is an innovative nonprofit organization dedicated to closing the opportunity divide in Connecticut by expanding pathways to living wage jobs and economic mobility for all, working with partners across the nonprofit, business, higher education, and government sectors, at the local and statewide level, to advance equitable education and workforce systems and practices. SIP does this by developing and implementing strategies, building capacity and catalyzing high-impact initiatives that address critical gaps in early childhood care and education, redesign workforce development to meet 21st century challenges, and strengthen public higher education's capacity to support pathways to living-wage careers. Some key accomplishments include: supporting the development and implementation of the State of Connecticut's workforce development strategic plan, supporting the development and implementation of the State's early childhood care and education Blue Ribbon strategic plan, and developing strategic priorities and an investment case for Connecticut State Colleges and Universities to better meet the needs of students, the state and employers. SIP has also worked with more than 50 nonprofit organizations in local communities by providing thousands of volunteer hours of capacity support and strategic consulting to help these organizations strengthen, scale and enhance their programs and impact.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2020.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.