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SEACHANGE CAPITAL PARTNERS INC

NEW YORK, NY · EIN 205124665 · Form 990 · FY2024 · NTEE T12 · Philanthropy & Grantmaking · Medium ($1M-$10M)
revenue
$3.7M
expenses
$3.3M
net assets
$8.3M
employees
8
volunteers
10
program ratio
84%
mission · from form 990

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.

profile · synthesized from sources

Seachange Capital Partners supports nonprofits facing complex financial and organizational challenges through grants, loans, consulting, and research. The organization aims to strengthen nonprofit capacity and improve funder effectiveness by building connections between funders and nonprofit leaders. It operates nationally from its base in New York.

named programs · 2 · from sources

What they call their work

Capacity Building Grants
Provides financial support to nonprofits undergoing leadership transitions or facing operational challenges to strengthen organizational resilience
Nonprofit-Funder Connection Initiative
Facilitates strategic relationships between funders and nonprofits to improve alignment and effectiveness in addressing organizational challenges
activities · 7 groups

What they do

  • Nonprofit Capacity Building Services 2 activities
    • Providing grants, loans, consulting, and research to strengthen nonprofit capacity
      Offers a range of financial and advisory services—including grants, loans, consulting, and research—to help nonprofits navigate complex financial and organizational challenges. This integrated approach supports long-term sustainability and effectiveness.
    • Providing pro-bono strategic advisory services to nonprofits
      Offers direct capacity-building support through pro-bono strategic advice, board-level engagement (including observer seats on finance committees), referrals, and portfolio management for nearly 2,000 nonprofits facing organizational challenges or transitions.
  • Nonprofit Sector Research & Data Analysis 1 activity
    • Conducting research on nonprofit sector health and equity
      Produces original research and analysis on nonprofit financial trends, leadership demographics, and sector challenges, including studies on racial representation in NYC nonprofit leadership and the state of Baltimore’s nonprofit sector.
  • Data & Technology Capacity Building 1 activity
    • Developing data tools for nonprofit transparency and analysis
      Created digital tools such as NYC Contract Explorer and Form 990 data retrieval systems that compile, visualize, and enable cohort-based analysis of nonprofit financial, contract, and governance data with exportable outputs.
  • Leadership & Policy Dialogue Forums 1 activity
    • Hosting educational events and disseminating field insights
      Shares lessons learned through webinars, articles, opinion pieces, calls, and events for nonprofit leaders and funders, such as the June 11, 2025 webinar on organizational retrenchment and restructuring strategies.
  • Community Capacity Building & Leadership Networks 1 activity
    • Maintaining technical assistance provider networks
      Curates and maintains a vetted list of technical service providers to connect nonprofits with expert support resources.
  • Flexible Grants to Grassroots Organizations 1 activity
    • Providing program-related loans to nonprofits
      Funds flexible, impact-first loans for real estate, bridge financing, and working capital needs of nonprofits in New York City. Provided 48 program-related loans totaling $32.3 million, including short-term loans to arts organizations and a $3.75 million loan for developing homeless shelters.
  • Uncategorized 1 activity
    • Funding nonprofit collaborations and structural transformations
      Awards grants to support mergers, joint ventures, programmatic alliances, spin-offs, restructurings, and other sustained collaborations between nonprofits. Awarded over 400 grants totaling more than $9 million across multiple cohorts, including funding for the merger of CitiWide Harm Reduction and Bronx AIDS Services into Boom!Health.
financials · form 990 · fy2024
revenue
Total revenue$3.74M
Contributions & grants$3.06M82%
Program service revenue$467K13%
Investment income$196K5%
Other revenue$15K
expenses
Total expenses$3.27M
Program expenses84%
Admin / overhead15%
Fundraising1%
Salaries & benefits$1.17M
Grants paid out$1.39M
Largest expense lineCompensation
balance sheet
Total assets$9.80M
Cash$2.88M
Investments$5.15M
Liabilities$1.55M
Net assets$8.25M
Liquid reserves29.5 mo
4 years on record · 2020–2024 · YoY revenue -7.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 5
NameTitleHours/wkCompensation
JOHN MACINTOSH MNG PARTNER 40 $230K
TAJREENA TABASSOOM PARTNER 40 $192K
Lindsay Kijewski PARTNER 40 $158K
Minji Kim Vice President 40 $140K
ALEX VOLPICELLO Secretary 40 $123K
board members · 10
  • AARON SIEGEL — Trustee
  • David Ringer — Trustee
  • GEORGIA LEVENSON KEOHANE — Trustee
  • Lori Slutky — Trustee
  • MARGARET CROTTY — Trustee
  • MARK E REED III — CHAIR
  • Omar Rush — Trustee
  • Paulette LoMonaco — Trustee
  • Stanley Richards — Trustee
  • W BOWMAN CUTTER — Treasurer
relationships · 59

Who they work with

  • Alliance of Resident Theatres/New York Partner — Co-participant with SeaChange in providing short-term loans to NYC nonprofit arts and culture organizations.
  • Altman Foundation Partner — Co-participant in multiple funding initiatives including the New York Pooled PRI Fund and the Nonprofit Restructuring Fund NY.
  • Anonymous Foundation Partner — Participant in the New York Pooled PRI Fund.
  • Ascendium Education Group Partner — Participant in the Higher Education Partnerships Fund.
  • BLBB Charitable Partner — Participant in the Nonprofit Restructuring Fund Mid-Atlantic.
  • Booth Ferris Foundation Partner — Participant in the Nonprofit Restructuring Fund NY.
  • Bronx AIDS Services Partner — Supported through a merger facilitation grant to combine with CitiWide Harm Reduction into Boom!Health.
  • Bronx AIDS Services Partner — Supported through an exploration and implementation grant to merge with CitiWide Harm Reduction.
  • Brooklyn Community Bail Fund Partner — Provided a $700,000 loan to support expansion and advocacy efforts.
  • Brooklyn Community Bail Fund Partner — Provided a program-related investment loan to support bail payments and organizational growth.
  • Center for Justice Innovation Partner — Provided grant funding and thought partnership during transition to independent status.
  • CitiWide Harm Reduction Partner — Supported through a merger facilitation grant to combine with Bronx AIDS Services into Boom!Health.
  • CitiWide Harm Reduction Partner — Supported through an exploration and implementation grant to merge with Bronx AIDS Services.
  • City & State NY Partner — Published an opinion piece by SeaChange Managing Partner John MacIntosh.
  • Comcast NBC Universal Foundation Partner — Participant in the Nonprofit Restructuring Fund Mid-Atlantic.
  • Connelly Foundation Partner — Participant in the Nonprofit Restructuring Fund Mid-Atlantic.
  • Dan Tietz Partner — Participated as an interim Chief Restructuring Officer in a SeaChange webinar on nonprofit retrenchment and restructuring.
  • ECMC Foundation Partner — Participant in the Higher Education Partnerships Fund.
  • Foundations Community Partnership Partner — Participant in the Nonprofit Restructuring Fund Mid-Atlantic.
  • Greater Philadelphia Nonprofit Repositioning Fund Partner — Collaborated on the Nonprofit Repositioning Fund and co-hosted a webinar series on collaboration stories.
  • HealthSpark Foundation Partner — Participant in the Nonprofit Restructuring Fund Mid-Atlantic.
  • Independence Foundation Partner — Participant in the Nonprofit Restructuring Fund Mid-Atlantic.
  • Jennifer and Jonathan Allan Soros Foundation Partner — Participant in both the New York Pooled PRI Fund and the Nonprofit Restructuring Fund NY.
  • John Keefe Partner — Participated as an interim Chief Restructuring Officer in a SeaChange webinar on nonprofit retrenchment and restructuring.
  • Lily Auchincloss Foundation Partner — Participant in the New York Pooled PRI Fund.
  • Livelihood Impact Fund Partner — Participant in the New York Pooled PRI Fund.
  • Mertz Gilmore Foundation Partner — Participant in the New York Pooled PRI Fund.
  • NYN Media Partner — Published commentary by SeaChange's John MacIntosh on nonprofit growth.
  • New York Attorney General's Charities Bureau Partner — Collaborated with SeaChange Capital Partners in a webinar on nonprofit retrenchment and restructuring.
  • New York City Charter School for the Arts Partner — Provided a $196,500 loan to support relocation to a new downtown location.
+ 29 more
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Collaboration as a Resilience Strategy
    methodology: collaboration_as_resilience
    By facilitating mergers, alliances, and joint restructuring, nonprofits can strengthen service delivery and withstand external threats, because shared infrastructure and aligned missions increase operational resilience and reduce duplication.
  • Data-Driven Sector Transparency
    methodology: data-driven_transparency
    By aggregating publicly available data into centralized analytical tools, the nonprofit sector gains visibility into performance and trends, because transparency enables better decision-making by funders, leaders, and policymakers.
  • First-Loss Risk-Sharing for Mission-Aligned Lending
    methodology: first-loss_risk-sharing
    By taking a first-loss position in loans, the organization de-risks participation for other investors while maintaining accountability to mission outcomes, because shared financial risk aligns incentives around performance and impact rather than pure creditworthiness.
  • Integrated Capital and Capacity Building
    methodology: integrated_capacity_building
    By combining financial support (loans, grants) with advisory services and peer learning, nonprofits are better able to make strategic decisions about growth and sustainability, because access to capital alone is insufficient without strategic guidance and peer validation.
  • Transformation-Oriented Philanthropy
    methodology: transformation-oriented_philanthropy
    By prioritizing organizational transformation over incremental change, funders can drive systemic shifts in the nonprofit sector, because deep structural change produces greater long-term effectiveness and resilience than programmatic tweaks.