Legal and Financial
SeaChange Capital Partners, Inc. (“SeaChange”) is a Delaware non-stock corporation classified as a public charity that is tax-exempt under section 501(c)(3) of the Internal Revenue Code with EIN 20-5124665. SeaChange’s most recent Forms 990 are here: 2020, 2019, 2018. Our audited financial statements are here: 2021, 2020, 2019.
Our conflict of interest policy is here.
In order to best advance our mission, SeaChange’s grantmaking and lending activities have been organized into discrete funds structured to allow interested funders to participate. The New York Merger and Collaboration Fund, the Nonprofit Repositioning Fund, the SeaChange-Lodestar Fund for Nonprofit Collaboration, and the Transformational Partnerships Fund are grantmaking programs of SeaChange referred to as “funds” because each has a distinct set of philanthropic funders with certain governance rights. None of these programs are distinct legal entities, nor are any subject to the Investment Company Act.
The New York Pooled PRI Fund, LLC (the “NYPRI Fund”), the New York Impact Opportunities Fund, LLC (the “NIO Fund”) and the SeaChange Special Impact Find, LLC (the “Special Imact Fund”) are each a Delaware Limited Liability Company exempt from registration as an Investment Company under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”). SeaChange serves as the Managing Member of the NYPRI Fund and the NIO Fund, and as the sole member of the Special Impact Fund.
The Contact Fund, LLC (the “Contact Fund”) is a New York Limited Liability Company exempt from registration as an Investment Company under the Investment Company Act. SeaChange manages the Contact Fund pursuant to a management services agreement.