Second Service Foundation Inc
- Assets
- $159.3k
- Revenue
- $260.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Reston, VA
- Founding
- 09/2016
- Data as of
- 06/2024
- EIN
- 81-3261192
Organization Overview
Second Service Foundation Inc is located in Reston, VA. The organization was established in 2016. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Service Foundation 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 06/2024, Second Service Foundation Inc generated $260.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 37.7% each year . All expenses for the organization totaled $326.7k during the year ending 06/2024. While expenses have increased by 29.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Second Service Foundation Inc has awarded 56 individual grants totaling $264,334. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
MILITARY ENTREPRENEURSHIP AWARDS FOR LOW-INCOME MILITARY FAMILIES HAVING A SIGNIFICANT SOCIAL IMPACT ON THE MILITARY COMMUNITY AS WELL AS ADDRESSING ISSUES SUCH AS VETERANS EMPLOYMENT, HEALTH CARE, EDUCATION, MILITARY FAMILIES, MILITARY HOMEFRONT COMMUNITY SUPPORT, ETC.
SECOND SERVICE FOUNDATION PROVIDES FREE BUSINESS COACHING AND PRINTED MATERIALS AT EVENTS AND THROUGH ONLINE VIDEO TRAINING AVAILABLE TO MILITARY COMMUNITY ENTREPRENEURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Rockefeller Chairman | 2 | $0 | |
Louis Tucker Director | 1 | $0 | |
Curtez Riggs Director | 1 | $0 | |
Lauren Hope Acting Executive Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $260,178 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23 |
| Total Revenue | $260,201 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,841 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,655 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $32,761 |
| Printing and publications | $76,492 |
| Other expenses | $23,962 |
| Total operating and administrative expenses | $288,730 |
| Contributions, gifts, grants paid | $38,000 |
| Total expenses and disbursements | $326,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,283 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $159,283 |
| Accounts payable and accrued expenses | $346 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,715 |
| Total liabilities | $3,061 |
Grants Awarded
Over the last fiscal year, Second Service Foundation Inc has awarded $38,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
PERSONS GRIFFITH IV PURPOSE: VETERAN AND MILITARY SPOUSE ENTREPRENEURSHIP | $2,000 |
AUSTIN CARRIGG PURPOSE: VETERAN AND MILITARY SPOUSE ENTREPRENEURSHIP | $1,000 |
SYREETA MITCHELL PURPOSE: VETERAN AND MILITARY SPOUSE ENTREPRENEURSHIP | $1,000 |
MARTHA SCHOENEWE PURPOSE: VETERAN AND MILITARY SPOUSE ENTREPRENEURSHIP | $1,000 |
JOE MURO PURPOSE: VETERAN AND MILITARY SPOUSE ENTREPRENEURSHIP | $1,000 |
EDWARD E ESTERON PURPOSE: VETERAN AND MILITARY SPOUSE ENTREPRENEURSHIP | $1,000 |