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 12/2021, Service Year Exchange Inc employed 18 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 12/2021, Service Year Exchange Inc generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.9% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Service Year Exchange Inc has awarded 52 individual grants totaling $1,546,125. 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
2021
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 2021 THIS BODY OF WORK FOCUSED ON DEVELOPING A CLIMATE LEARNING COHORT THAT WILL 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 & A POSTSECONDARY PATHWAYS COHORT TO SUPPORT PROGRAMS CREATING OPPORTUNITIES FOR YOUNG PEOPLE TO HAVE A SUCCESSFUL SERVICE YEAR EXPERIENCE AFTER GRADUATING HIGHSCHOOL. 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 2021 WE GREW THE NETWORK FROM 11 TO 13 COMMUNITIES. 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 PERSON AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES.
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. IN 2021, WE ADDED 9,300 NEW USERS AND EXPANDED THE NUMBER OF HOST ORGANIZATIONS RECRUITING ON THE PLATFORM.
POLICY: THE POLICY TEAM LEADS THE SERVE AMERICA TOGETHER CAMPAIGN TO MAKE SERVICE PART OF GROWING UP IN AMERICA. THE CAMPAIGN ENGAGES A DIVERSE COALITION OF STAKEHOLDERS AND MOBILIZES LEADERSHIP COUNCIL MEMBERS TO ELEVATE SERVICE YEARS AS AN EXPERIENCE THAT TRANSFORMS LIVES, STRENGTHENS COMMUNITIES, AND FUELS CIVIC RENEWAL, AS WELL AS ADVANCE POLICY PROPOSALS TO WORK TOWARD THE DAY WHERE SERVICE IS AT SCALE, ADDRESSING AMERICA'S UNMET NEEDS, BRIDGING DIVIDES AND FUELING CIVIC RENEWAL, AN OPPORTUNITY FOR ALL, AND BUILDING PATHWAYS TO LONG-TERM SUCCESS FOR THE INDIVIDUALS WHO SERVE.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jesse Colvin CEO | OfficerTrustee | 40 | $164,196 |
Kristen Bennett Chief Strategy Officer | 40 | $151,257 | |
Sanford Keith Chief Development Officer | 40 | $146,337 | |
Jennifer Bagaglio Chief Operating Officer | 40 | $144,393 | |
Bryan Hall Managing Director, Programs | 40 | $116,825 | |
Floyd Sartin Managing Director, Human Resources | 40 | $113,132 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Future Processing Software Development Services | 12/30/21 | $295,515 |
Meta Platforms Advertising Services | 12/30/21 | $160,110 |
Precision Strategies Consulting Services | 12/30/21 | $109,574 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $84,805 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $7,032,795 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,117,600 |
Total Program Service Revenue | $89,075 |
Investment income | $44 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,347,919 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $224,000 |
Grants and other assistance to domestic individuals. | $43,388 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $185,802 |
Compensation of current officers, directors, key employees. | $36,459 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,421,960 |
Pension plan accruals and contributions | $46,708 |
Other employee benefits | $125,726 |
Payroll taxes | $119,477 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $90,204 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $506,353 |
Advertising and promotion | $192,989 |
Office expenses | $4,689 |
Information technology | $470,616 |
Royalties | $0 |
Occupancy | $384,661 |
Travel | $490 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $12,292 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $23,404 |
Insurance | $24,086 |
All other expenses | $0 |
Total functional expenses | $3,899,694 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,077,756 |
Savings and temporary cash investments | $25,157 |
Pledges and grants receivable | $542,875 |
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 | $92,519 |
Net Land, buildings, and equipment | $27,371 |
Investments—publicly traded securities | $558,405 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $34,827 |
Total assets | $7,358,910 |
Accounts payable and accrued expenses | $298,149 |
Grants payable | $0 |
Deferred revenue | $37,071 |
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 | $167,607 |
Total liabilities | $502,827 |
Net assets without donor restrictions | $4,280,878 |
Net assets with donor restrictions | $2,575,205 |
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 | $7,358,910 |
Over the last fiscal year, Service Year Exchange Inc has awarded $204,000 in support to 12 organizations.
Grant Recipient | Amount |
---|---|
Austin, TX PURPOSE: SUPPORT THE WORK OF THE HIGH SCHOOL TRANSITIONS LEARNING COHORT | $35,000 |
Columbia, SC PURPOSE: SUPPORTING IMPACT COMMUNITIES TO IMPLEMENT NEW APPROACHES AND ATTRACT SUSTAINABLE LOCAL FUNDING | $25,000 |
Washington, DC PURPOSE: SUPPORTING THE WORK OF THE CLIMATE AND ENVIRONMENTAL RESILIENCE LEARNING COHORT | $20,000 |
Rncho Cordova, CA PURPOSE: SUPPORT THE WORK OF THE HIGH SCHOOL TRANSITIONS LEARNING COHORT | $20,000 |
Grand Rapids, MI PURPOSE: SUPPORT THE WORK OF THE HIGH SCHOOL TRANSITIONS LEARNING COHORT | $18,000 |
Oakland, CA PURPOSE: SUPPORT THE WORK OF THE HIGH SCHOOL TRANSITIONS LEARNING COHORT | $16,000 |
Over the last fiscal year, we have identified 4 grants that Service Year Exchange Inc has recieved totaling $800,005.
Awarding Organization | Amount |
---|---|
Rockefeller Foundation New York, NY PURPOSE: IN GENERAL SUPPORT OF ITS MISSION TO MAKE A YEAR OF PAID, FULL-TIME SERVICE A SERVICE YEAR A COMMON EXPECTATION AND OPPORTUNITY FOR ALL YOUNG AMERICANS | $300,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $250,000 |
Rodan Family Foundation Orinda, CA PURPOSE: CHARITABLE PURPOSES OF THE ORGANIZATION | $250,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Organization Name | Assets | Revenue |
---|---|---|
Partnership For A Healthier America Inc Washington, DC | $8,156,675 | $7,675,528 |
Washington Nationals Philanthropies Washington, DC | $8,857,322 | $4,334,499 |
Peaceplayers International Washington, DC | $2,663,713 | $3,827,781 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Service Year Exchange Inc Washington, DC | $7,358,910 | $7,347,919 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Breakfree Education Columbia, MD | $2,710,082 | $3,378,734 |
Us Dream Academy Inc Silver Spring, MD | $1,470,975 | $3,095,850 |
Skillsusa Foundation Inc Leesburg, VA | $0 | $2,681,875 |
Washington Tennis & Education Washington, DC | $25,495,785 | $2,863,895 |
Dreaming Out Loud Foundation Washington, DC | $1,658,205 | $2,071,032 |
Gods Anointed New Generation Washington, DC | $911,281 | $2,117,782 |