EIN 46-1392259

Social Performance Task Force (SPTF)

IRS 501(c) type
501(c)(3)
Num. employees
4
Year formed
2012
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The Social Performance Task Force's mission is empowering inclusive finance stakeholders to develop and implement Universal Standards for Social Performance Management.
Total revenues
$5,163,267
2022
Total expenses
$2,127,112
2022
Total assets
$5,103,678
2022
Num. employees
4
2022

Program areas at SPTF

Setting and promoting standards:the universal standards for financial service providers were first launched in 2012 and updated in 2016. Sptf manages a technical review committee (trc) to follow a transparent and user-driven standard revision process based on the iseal code of good practice for setting Social and environmental standards. The revised standards have been designed to keep pace with the financial sector industry's needs and provide new guidelines on responsible savings and insurance products, as well as delivery channels using digital services and agent models, all with an eye toward mitigating risk and creating benefits for clients. The universal standards also include new content on responsibility to the environment. The trc reviews the universal standards every 3 years. Sptf is in charge of gathering and processing all feedback received from the inclusive finance industry, as well as with the broader impact investment community. Manage effective communications - after releasing the universal standards in 2012, sptf developed several resources to help with their awareness and implementation, such as brief handouts, message manuals, the universal standards implementation guide, case studies, guidance notes, and videos of early adopters. Sptf also communicates via Social media.conduct trainings and workshops - sptf attends select conferences around the world to offer trainings on the universal standards and supporting tools and resources. Sptf also conducts monthly online webinar trainings and working group meetings to highlight case studies of good practice, to provide overviews of assessment and reporting tools, and to support peer to peer learning. Manage the Social investor working group (siwg) - the siwg has +300 investors from +120 organizations. It is a member-led group that the sptf secretariat backstops, coordinating logistics of all meetings, webinars, and updates of initiatives. Sptf annual meeting - since 2005, the sptf has been conducting an annual meeting where industry stakeholders from around the world come together for several days of thought-provoking discussions on core and emerging topics in the field. Members have described the meeting as "the state of practice in Social Performance and responsible finance". This meeting is key to understanding the progress and challenges in the implementation of the universal standards. The meeting is conducted in a different region of the world each year to ensure all sptf members can attend throughout the years. In the last few years, meetings have also allowed the sptf to engage with regulators and also included field trips to local fsps. Secretariat staff coordinate all meeting logistics and develop agenda and content of discussions.
Reporting & demonstrating:reporting on spm data helps the responsible inclusive finance sector be transparent, ensures the data is available to investors, and allows the industry to benchmark and analyze trends. Sptf plays a coordinating role in this activity as mix, cerise and the rating agencies conduct the vast majority of the direct work in collection of data. Sptf is managing discussion amongst these actors to consolidate this spm information onto a common data platform so that it is more accessible to users.
Assessing, improving, demonstrating:sptf has worked with one of its members, cerise, to develop a free assessment tool (called the spi4) that enables fsps to assess their Social Performance management practices against the universal standards. This tool allows fsps to understand their spm strengths and weaknesses and create an action plan for improvement. Sptf does not directly provide technical assistance to fsps because that would compete with its members. Rather, sptf works to make sure that the most updated trainings, resources, and tools are available to fsps and ta providers, and that they know how to use them. Sptf also conducts online trainings and provides free resources in several languages to help improve practices related to the universal standards.to advance work on demonstrating outcomes, the sptf runs the outcomes working group to develop guidelines both for investors and for fsps for measuring and managing outcomes as well as to create a list of common outcome indicators in the areas of poverty/housing/assets, business, and resilience.

Who funds Social Performance Task Force (SPTF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
New Venture FundCapacity Building$200,000

Personnel at SPTF

NameTitleCompensation
Laura FooseExecutive Director$196,671
Leah K WardleDirector of Communications$134,476

Financials for SPTF

RevenuesFYE 12/2022
Total grants, contributions, etc.$5,124,379
Program services$0
Investment income and dividends$3,016
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$35,872
Total revenues$5,163,267

Form 990s for SPTF

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
2020-122021-08-25990View PDF
2019-122021-02-19990View PDF
2018-122020-01-31990View PDF
...and 6 more Form 990s
Data update history
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 28, 2023
Used new vendors
Identified 1 new vendor, including
December 28, 2023
Received grants
Identified 1 new grant, including a grant for $200,000 from New Venture Fund
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Professional associationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
Operates internationallyTax deductible donations
General information
Address
7816 Carteret Rd
Bethesda, MD 20817
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Montgomery County, MD
Website URL
sptf.info/ 
Phone
(301) 767-8975
Facebook page
Social-Performance-Task-Force 
Twitter profile
@sptaskforce 
IRS details
EIN
46-1392259
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
813920: Professional Associations
Parent/child status
Independent
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