Service Year Exchange Inc
- Assets
- $4.6m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Washington, DC
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-4970343
Organization Overview
Service Year Exchange Inc is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Service Year Exchange Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Service Year Exchange Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Service Year Exchange Inc generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Service Year Exchange Inc has awarded 92 individual grants totaling $2,507,125. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE WORK TO MAKE A SERVICE YEAR A COMMON EXPECTATION & OPPORTUNITY FOR ALL YOUNG AMERICANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS & PARTNERSHIPS: THE PROGRAMS TEAM CREATES AND CONVENES LEARNING COHORTS OF SERVICE YEAR PROGRAMS, STATE SERVICE COMMISSIONS, IMPACT COMMUNITIES, AND OTHER STAKEHOLDERS TO PILOT, LEARN, AND DOCUMENT SOLUTIONS TO UNBLOCK SHARED CHALLENGES, DEVELOP BEST PRACTICES OR EXPLORE NEW OPPORTUNITIES TO DEPLOY SERVICE. IN 2023 THIS BODY OF WORK FOCUSED ON CONTINUING THE WORK OF THE CLIMATE LEARNING COHORT TO CONVENE, SUPPORT, AND THEN DISSEMINATE LEARNINGS FROM A GROUP OF PROGRAMS TO UNDERSTAND THE MODELS, CHALLENGES, AND OPPORTUNITIES IN UTILIZING NATIONAL SERVICE IN SUPPORT OF THE CLIMATE AND WORKFORCE DEVELOPMENT FIELDS AND LAUNCHING A COMMUNITY OF PRACTICE TO EXAMINE, CREATE, TEST, MEASURE, AND SPREAD EFFECTIVE PRACTICES AND INTERVENTIONS THAT BEST EQUIP CORPS MEMBERS WITH THE SKILLS AND MOTIVATIONS TO BRIDGE DIVIDES IN OUR SOCIETY. THE PARTNERSHIPS TEAM SUPPORTS A DIVERSE NETWORK OF SERVICE YEAR IMPACT COMMUNITIES ACROSS THE COUNTRY TO LEARN AND SHARE BEST PRACTICES IN THEIR EFFORTS TO BRING UNIVERSAL NATIONAL SERVICE TO LIFE IN THEIR COMMUNITIES. IN 2022 WE ADDED FIVE NEW COMMUNITIES TO THE NETWORK. THE PROGRAMS & PARTNERSHIPS TEAM ALSO SUPPORTS THE SERVICE YEAR ALUMS NETWORK (INCLUSIVE OF AMERICORPS ALUMS, RETURNED PEACE CORPS VOLUNTEERS, YOUTHBUILD ALUMS, AND ALUMS FROM VARIOUS OTHER SERVICE PROGRAMS) BY ESTABLISHING THE PEER-LED ALUMNI CHAPTER STEERING COMMITTEE AND BY CREATING PARTNERSHIPS WITH ORGANIZATIONS TO CONNECT ALUMS IN THE DATABASE WITH RELEVANT LOCAL EVENTS, RESOURCES, AND OTHER CAREER, NETWORKING, AND PERSONAL AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES.
COMMUNICATIONS: THE COMMUNICATIONS ACTIVITIES ARE FOCUSED ON AMPLIFYING THE ACTIVITIES OF THE POLICY, PARTNERSHIPS, AND PROGRAMS TEAM AT SYA VIA OP-EDS, MEDIA OUTREACH, AND EXTERNAL AFFAIRS PARTNERSHIPS.
SERVICE YEAR EXCHANGE: BUILD A STATE-OF-THE-ART ONLINE MARKETPLACE AND RESOURCE HUB, TO MATCH YOUNG PEOPLE INTERESTED IN SERVICE WITH SERVICE YEAR OPPORTUNITIES, PROVIDE SERVING CORPS MEMBERS WITH A VIRTUAL COMPANION TO THEIR SERVICE, AND CONNECT ALUMS TO EACH OTHER AS PART OF A LIFELONG ALUMNI NETWORK.
POLICY: THE POLICY TEAM LEADS WORK TO ENSURE THE SUCCESSFUL EXPANSION OF NATIONAL SERVICE BY BRINGING CROSS-SECTOR STAKEHOLDERS TOGETHER TO LIFT UP NATIONAL SERVICE AND FOSTERING PARTNERSHIPS ACROSS THE ENTIRE FEDERAL GOVERNMENT SO THAT THE WHOLE-OF-GOVERNMENT UTILIZES THE POWER OF NATIONAL SERVICE AS A WAY TO MEET THEIR NEEDS AND PUT THE NEXT GENERATION ON PATHWAYS TO GOOD-PAYING JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Bennett CEO | OfficerTrustee | 40 | $199,575 |
Gen Stanley Mcchrystal Chairman | OfficerTrustee | 1 | $0 |
John Bridgeland Vice Chairman | OfficerTrustee | 1 | $0 |
Alan Khazei Vice Chairman | OfficerTrustee | 1 | $0 |
Jim Bildner Treasurer | OfficerTrustee | 1 | $0 |
Elliot Gerson Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Future Processing Software Development Services | 12/30/23 | $434,085 |
Meta Platforms Inc Advertising Services | 12/30/23 | $120,551 |
Strategies 360 Consulting Services | 12/30/23 | $156,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $108,955 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,306,854 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,415,809 |
| Total Program Service Revenue | $65,679 |
| Investment income | $55,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$26,358 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,627,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $268,900 |
| Grants and other assistance to domestic individuals. | $5,775 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $587,284 |
| Compensation of current officers, directors, key employees. | $99,867 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $761,200 |
| Pension plan accruals and contributions | $24,945 |
| Other employee benefits | $117,268 |
| Payroll taxes | $99,587 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,975 |
| Fees for services: Accounting | $122,697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $257,420 |
| Advertising and promotion | $129,582 |
| Office expenses | $7,722 |
| Information technology | $559,138 |
| Royalties | $0 |
| Occupancy | $324,706 |
| Travel | $74,689 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,419 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,362 |
| Insurance | $20,653 |
| All other expenses | $0 |
| Total functional expenses | $3,436,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $511,555 |
| Savings and temporary cash investments | $526,029 |
| Pledges and grants receivable | $1,990,126 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $69,650 |
| Net Land, buildings, and equipment | $4,824 |
| Investments—publicly traded securities | $1,263,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $253,808 |
| Total assets | $4,619,163 |
| Accounts payable and accrued expenses | $193,887 |
| Grants payable | $0 |
| Deferred revenue | $26,687 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $300,776 |
| Total liabilities | $521,350 |
| Net assets without donor restrictions | $2,088,216 |
| Net assets with donor restrictions | $2,009,597 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,619,163 |
Grants Awarded
Over the last fiscal year, Service Year Exchange Inc has awarded $247,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
READING AND MATH INC DBA AMPACT PURPOSE: SUPPORTING THE STABILITY & GROWTH OF THE IMPACT COMMUNITY NETWORK | $50,000 |
REINVENT STOCKTON FOUNDATION PURPOSE: SUPPORTING THE STABILITY & GROWTH OF THE IMPACT COMMUNITY NETWORK | $40,000 |
BOYS & GIRLS CLUBS IN INDIANA INC PURPOSE: SUPPORTING THE STABILITY & GROWTH OF THE IMPACT COMMUNITY NETWORK | $77,000 |
AMERICORPS CENTRAL TEXAS PURPOSE: SUPPORTING COMMUNITIES TO IMPLEMENT NEW APPROACHES TO CORPS MEMBER PATHWAYS | $25,000 |
SERVE WASHINGTON PURPOSE: SUPPORTING COMMUNITIES TO IMPLEMENT NEW APPROACHES TO CORPS MEMBER PATHWAYS | $25,000 |
VOLUNTEER NC PURPOSE: SUPPORTING COMMUNITIES TO IMPLEMENT NEW APPROACHES TO CORPS MEMBER RECRUITMENT | $20,000 |