Secondmuse Foundation

Organization Overview

Secondmuse Foundation is located in Lake Oswego, OR. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Secondmuse Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Secondmuse Foundation 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 12/2022, Secondmuse Foundation generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.5% each year . All expenses for the organization totaled $6.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2021, Secondmuse Foundation has awarded 11 individual grants totaling $611,827. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE STATED MISSION OF SECONDMUSE FOUNDATION IS TO FOSTER AND DEVELOP DIVERSE, PARTICIPATORY INNOVATION COMMUNITIES THAT INCUBATE SOLUTIONS TO SOCIAL, ECONOMIC AND ENVIRONMENTAL ISSUES; INCLUDING THROUGH PUBLIC EDUCATION, FACILITATING THE ABILITY OF PRIVATE, COMMERCIAL ACTORS, ENTREPRENEURS AND GOVERNMENTS TO GENERATE SHARED VISIONS AND TAKE COLLECTIVE ACTION IN ADVANCING SOLUTIONS THAT ADDRESS ENVIRONMENTAL ISSUES AND LOCAL ECONOMIES, AND INCUBATING AND FUNDING PROGRAMS AND SOLUTIONS THAT ADVANCE SOCIAL, ENVIRONMENTAL AND/OR ECONOMIC JUSTICE. IT WILL ALSO GENERATE, CODIFY, AND PUBLISH LEARNINGS AND INSIGHTS AND FACILITATE BROADER DISCOURSE TO CATALYZE COMMUNITY DEVELOPMENT ON A LARGER SCALE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GET CITIES OUR FLAGSHIP PROGRAM SINCE 2019, WORKS TO BUILD A MORE INCLUSIVE FUTURE IN TECH, STARTING AT THE CITY LEVEL. OUR APPROACH IS BEING IMPLEMENTED IN CHICAGO, WASHINGTON DC, AND MIAMI, WHICH LAUNCHED IN MARCH 2022. ACROSS OUR PORTFOLIOS, GET CITIES HOSTED OR CO-HOSTED 112 EVENTS BRINGING PEOPLE TOGETHER AROUND ECOSYSTEM BUILDING, WORKFORCE DEVELOPMENT, AND ENTREPRENEURSHIP, INVITING ABOUT 40 SPEAKERS TO SHARE THEIR EXPERIENCE AND EXPERTISE WITH MORE THAN 2,000 ATTENDEES HELPING THEM TO INCREASE THEIR KNOWLEDGE. WE ALSO SPOKE ON 20 PANELS, WORKED WITH 71 NEW LOCAL AND NATIONAL PARTNERS, AND ADDED 200 ORGANIZATIONS TO OUR NETWORK OF OVER 1,000 PEER ORGANIZATIONS. WE SUPPORTED VENTURE FELLOWS, SPONSORED A SERIES OF PITCH COMPETITIONS TO TECHSTARS, SUPPORTED DEAF WOMEN OF COLOR TO GET HIRED INTO CYBERSECURITY ROLES, AND PROVIDED GRANTS AND TECH SUPPORT TO SMALL BUSINESSES. TECH EQUITY WORKING GROUP THROUGH OUR TECH EQUITY WORKING GROUP, WHICH COLLABORATIVELY DESIGNS CITY-WIDE SOLUTIONS AND COLLECTIVE INFRASTRUCTURE TO ADDRESS GENDER AND RACIAL INEQUITIES FOR MARGINALIZED FOUNDERS IN CHICAGO, IT WAS POSSIBLE TO RAISE 8.8M. WE KICKED OFF NETWORK BUILDING WITH A ROAD SHOW IN SAN FRANCISCO AND TECHSTARS FOUNDERCON TO BRING EXPOSURE TO THE EXCITING FOUNDERS COMING OUT OF CHICAGO AND TO BUILD CONNECTIONS ACROSS A BROADER NATIONAL ECOSYSTEM. HEADSTREAM WE SPONSORED THE NATIONAL INNOVATION PROGRAM FOCUSED ON CREATING A JUST AND THRIVING DIGITAL ECONOMY THAT SUPPORTS THE WELLBEING OF YOUNG PEOPLE THROUGH A NEW PHASE OF WORK AND CONTRACT PROCESS WITH PIVOTAL VENTURES. WE SPONSORED THE INITIATIVE FROM AUG 2021-FEB 2022. DURING THIS TIME THE PROJECT DESIGNED ITS 5 YEAR PROGRAM, WHICH INCLUDED IMPACT MEASUREMENT INTEGRATION AND SUSTAINABILITY PLANNING; THE LAUNCH OF THE HEADSTREAM ACCELERATOR; AND YOUTH PROGRAM CODIFICATION. IT ALSO IDENTIFIED PROGRAM PARTICIPANTS AND A FISCAL SPONSOR (ARABELLA ADVISORS). ONCE OUR SPONSORSHIP ENDED, WE SERVED AS PART OF THE ADVISORY BOARD FOR THE REST OF THE YEAR. BLACK TECH STREET IN PARTNERSHIP WITH SECONDMUSE LLC, WE HAVE FULLY SUPPORTED THIS INNOVATIVE INITIATIVE WITH A VISION FOR THE REBIRTH OF TULSAS BLACK WALL STREET AS THE NEW GLOBAL CENTER FOR BLACK-OWNED TECHNOLOGY COMPANIES. IN ADDITION TO OUR SPONSORSHIP, WE ALSO SERVE ON THE ADVISORY BOARD. WE HAVE BEEN THRILLED TO SEE BLACK TECH STREET COVERED ON VARIOUS MEDIA OUTLETS INCLUDING CNN, FORBES AND CSR WIRE. IN 2022, IT SUCCESSFULLY DEVELOPED A 10-YEAR STRATEGY FOR THE CREATION OF A THRIVING BLACK TECHECOSYSTEM IN TULSA. THEY ALSO CONDUCTED A CATALYTIC FACTOR ANALYSIS USING DIGITAL DELTA, A TOOL THAT WAS INITIALLY DEVELOPED FOR HEADSTREAM. THIS HELPED TO IDENTIFY WHICH FACTOR WOULD BE MOST CATALYTIC TO SOLVE IN THE BUILDING OF BLACK TECH STREET. THE FOUNDER, TYRANCE BILLINGSLEY, SAID: INNOVATIONS THAT CHANGE THE WORLD DONT COME FROM POLITICS; THEY COME FROM ENTREPRENEURSHIP. TECH COMPANIES, INCLUDING MICROSOFT, HAVE LOCATED BRANCHES IN TULSA, AND THEY ARE ACTIVELY RECRUITING INCLUSIVE CAPITAL COLLECTIVE THE INCLUSIVE CAPITAL COLLECTIVE (ICC) IS A GROWING NETWORK OF COMMUNITY FUND MANAGERS AND ENTREPRENEUR SUPPORT ORGANIZATIONS DESIGNING AND DEVELOPING SHARED TECHNICAL AND FINANCIAL INFRASTRUCTURE FOR AGGREGATING AND DEPLOYING FINANCIAL CAPITAL AND OTHER RESOURCES TO ENTREPRENEURS AND COMMUNITIES OF COLOR IN THE US. THE NETWORK IS SUPPORTED BY VARIOUS FUNDERS, INCLUDING A THREE- YEAR GRANT FROM THE ECONOMIC DEVELOPMENT ADMINISTRATION. IN 2022, THEIR INDIVIDUAL MEMBERSHIP INCREASED FROM 100 TO 250. SEVERAL EVENTS WERE HELD IN PENNSYLVANIA, CHICAGO, AND COLORADO, WHICH BROUGHT TOGETHER COMMUNITIES FROM ACROSS FUNDERS, ENTREPRENEUR SUPPORT ORGANIZATIONS, AND POLICYMAKERS FOR FACILITATED WORKING SESSIONS AND DISCUSSIONS FOCUSED ON TRAUMA-INFORMED FINANCIAL PROGRAMMING AND PRODUCTS. THE ICC ALSO PUBLISHED 3 BLACK PAPERS, WHICH HIGHLIGHTED THE NEED FOR RELATIONSHIP-BASED LENDING TO DRIVE EQUITY. WE SUPPORTED THE ICC IN PUBLISHING 30 CAPITAL INNOVATOR SPOTLIGHT INTERVIEWS THAT ARE FEATURED ON ITS COMMUNITY PLATFORM. THROUGH THESE PROFILE PAGES, READERS GAIN INSIGHT INTO THE INCLUSIVE CAPITAL COLLECTIVES UNIQUE APPROACH TO ADVANCING ECONOMIC EQUITY AND SOCIAL JUSTICE. EACH PROFILE HIGHLIGHTS THE ICC MEMBERS PERSONAL JOURNEY, PROFESSIONAL ACHIEVEMENTS, AND THEIR UNWAVERING COMMITMENT TO USING THEIR SKILLS, KNOWLEDGE, AND RESOURCES TO CREATE A MORE INCLUSIVE AND EQUITABLE FINANCIAL ECOSYSTEM. THE INCUBATION NETWORK WITH SUPPORT FROM THE ECCA FAMILY FOUNDATION, THE PROGRAM TACKLES PLASTIC LEAKAGE AND ADVANCES A CIRCULAR ECONOMY BY SUPPORTING STARTUPS ACROSS ALL MATURITY STAGES AND SCALING THEIR EARLY-STAGE OR PRE- INVESTMENT INNOVATIONS TOGETHER WITH KEY INDUSTRY STAKEHOLDERS. WITH OUR SUPPORT THEY RECEIVED A GRANT FROM THE GERMAN FEDERAL MINISTRY FOR ECONOMIC COOPERATION AND DEVELOPMENT (BMZ) TO CONDUCT SINGLE USE PLASTIC CHALLENGES IN 5 COUNTRIES. THESE CHALLENGES WERE COMPLETED SUCCESSFULLY: 19 IN INDIA, 12 IN THAILAND, 37 IN INDONESIA, 17 IN VIETNAM, AND 6 IN THE PHILIPPINES. AT THE COMPLETION OF THE CHALLENGES, LESSONS LEARNED AND INSIGHT REPORTS WERE PUBLISHED. DURING THE CHALLENGE PILOTS, 76 STARTUPS AND 8 ESOS, 16 SMES, AND 57 VENTURES WERE SUPPORTED, AND A TOTAL OF 934.7 KG OF PLASTICS WAS ESTIMATED TO HAVE BEEN AVOIDED. FUNDRAISING ACHIEVEMENTS THROUGHOUT 2022, WE WERE PROUD TO RAISE FUNDS AND SPONSORED PROJECTS. THIS INCLUDED GRANT FUNDS RECEIVED FROM THE GERMAN FEDERAL MINISTRY FOR ECONOMIC COOPERATION AND DEVELOPMENT (BMZ) TO IMPLEMENT FOR THE INCUBATION NETWORKS SINGLE USE PLASTIC CHALLENGES. WE ALSO FISCALLY SPONSORED PROJECTS SUCH AS HEADSTREAM AND BLACK TECH STREET, WHICH IS A PROJECT FUNDED BY MULTIPLE DONORS. WE DRAFTED A FUNDRAISING STRATEGY TO PURSUE MORE FUNDING OPPORTUNITIES THAT ARE ALIGNED WITH OUR AMBITION AND MISSION. WE EXPECT THIS STRATEGY TO GUIDE THE EFFORTS TO RAISE ADDITIONAL FUNDING IN FY 2023. OPERATIONAL ACHIEVEMENTS THROUGHOUT THE YEAR WE WORKED TO OVERSEE PROJECT BUDGETS SO THAT THEY WERE SPENT EFFICIENTLY, EFFECTIVELY, AND ON TIME, CONDUCT DUE DILIGENCE ON SPONSORED PROJECTS TO MINIMIZE AND MITIGATE RISKS, AS WELL AS MAKING SURE DONOR REPORTS WERE SUBMITTED ON TIME. THESE EFFORTS INCLUDED MANAGING 85 SUB-GRANTS AND CONTRACTS AWARDED IN THE YEAR 2022. TO SUPPORT THIS FUNDRAISING EFFORT AS WELL AS TO INTRODUCE OUR STRATEGIC VISION, A NEW WEBSITE WAS DEVELOPED TOWARDS THE END OF THE FISCAL YEAR 2022 AND LAUNCHED IN THE FIRST QUARTER OF 2023.


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Board, Officers & Key Employees

Name (title)Compensation
Nicole Mcdonald
President
$0
Erica Barbosa
Treasurer
$0
Todd Khozein
Director
$0
Carrie Freeman
Director
$0
Anthony Jewett
Director
$0
Sarah Owen
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Serwah Afriyie
Consulting
$102,423
Secondmuse Llc
Consulting
$1,921,056
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,711,605
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,711,605
Total Program Service Revenue$0
Investment income $15,518
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 $5,727,123

Grants Awarded

Over the last fiscal year, Secondmuse Foundation has awarded $569,327 in support to 9 organizations.

Grant RecipientAmount

P33

PURPOSE: SUPPORT ENTREPRENEUR

$50,000

OPPORTUNITY HUB

PURPOSE: MINORITIES IN TECH

$187,500

BITWISE IMPACT

PURPOSE: WORKFORCE DIVERSITY

$12,500

CIRCULATE INITIATIVE

PURPOSE: ENVIRONMENTAL

$39,328

MIAMI FOUNDATION

PURPOSE: PHILANTHROPHY

$112,000

LATINAS IN TECH

PURPOSE: MINORITIES IN TECH

$10,000
View Grant Profile

Peer Organizations

Organization NameAssets
Community Services Agency
Reno, NV
$12,966,063
Fresno Building Healthy Communities
Fresno, CA
$11,111,006
Secondmuse Foundation
Lake Oswego, OR
$5,727,123
Goleta Valley Professional Buildings Inc
Santa Barbara, CA
$7,003,796
Imagine Worldwide
Mill Valley, CA
$9,457,051
Technology Access Foundation
Seattle, WA
$6,298,807
Bridge To Home Scv
Santa Clarita, CA
$5,225,280
Foothill Ranch Maintenance Corporation
Irvine, CA
$4,048,834
South Eastern Idaho Community
Pocatello, ID
$3,841,216
Samoan Community Development Center Incorporated
San Francisco, CA
$4,206,714
Korean Immigrant Workers Advocates Of Southern California
Los Angeles, CA
$3,891,052
Family Works
Seattle, WA
$4,484,879
East Bay Sanctuary Covenant
Berkeley, CA
$4,260,543
Japanese American Citizens League
San Francisco, CA
$1,456,287
Benevolent & Protective Order Of Elks Of The Usa
San Pedro, CA
$2,720,861
Alliance For African Assistance
San Diego, CA
$2,754,226
Pilipino Workers Center Of Southern
Los Angeles, CA
$2,968,660
Communities In Schools Of Greater King County
Renton, WA
$2,062,959
Community Services Unlimited
Los Angeles, CA
$2,938,734
Gold Bar Nature Trails Community Club
Gold Bar, WA
$2,427,143
Westcare Arizona I Inc
Las Vegas, NV
$3,011,202
Youth Action Project
San Bernardino, CA
$1,850,120
Benevolent & Protective Order Of Elks Of The Usa
San Francisco, CA
$2,063,092
Community Enhancement Services
Van Nuys, CA
$2,236,889
Child Abuse Prevention Council Of Contra Costa County Inc
Concord, CA
$2,218,369

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