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Nonprofiteer
← SERVICE YEAR EXCHANGE INC

Form 990 for tax year 2024

Filed by SERVICE YEAR EXCHANGE INC.

Totals

Total revenue
$911,020
Total expenses
$2,880,869
Contributions and grants received
$565,163
Grants paid
$348,212
Program service revenue
$209,995
Investment income
$48,073
Other revenue
$87,789
Total assets, end of year
$2,352,313
Total liabilities, end of year
$172,379
Net assets or fund balances, end of year
$2,179,934
Program services expenses (Part IX)
$1,913,817
Management and general expenses
$670,202
Fundraising expenses
$296,850
Program service expenses (Part III)
$1,913,817

Program services were 66.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $25,656

  • 1f · All other contributions, gifts and grants

    $539,507

  • 2a · Program service revenue: CONSULTING & CONTRACTS

    total $209,995 · related or exempt $209,995

  • 3 · Investment income

    total $52,810 · excluded $52,810

  • 7a · Gross sales of assets other than inventory

    securities $1,663,899

  • 7b · Less cost or other basis and sales expenses

    securities $1,668,281 · other assets $355

  • 7c · Gain or loss

    securities -$4,382 · other assets -$355

  • 7d · Net gain or loss

    total -$4,737 · excluded -$4,737

  • 11a · Other revenue: SUBLEASE INCOME

    total $87,763 · excluded $87,763

  • 11d · All other revenue

    total $26 · excluded $26

  • 11e · Other revenue, total

    $87,789

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $330,000 · program services $330,000

  • 2 · Grants to domestic individuals

    total $18,212 · program services $18,212

  • 5 · Compensation of officers, directors and key employees

    total $611,803 · program services $345,707 · management and general $159,326 · fundraising $106,770

  • 7 · Other salaries and wages

    total $518,016 · program services $296,524 · management and general $130,588 · fundraising $90,904

  • 8 · Pension plan contributions

    total $20,491 · program services $10,939 · management and general $6,058 · fundraising $3,494

  • 9 · Other employee benefits

    total $115,721 · program services $57,712 · management and general $38,827 · fundraising $19,182

  • 10 · Payroll taxes

    total $88,915 · program services $46,853 · management and general $27,336 · fundraising $14,726

  • 11b · Fees: legal

    total $4,125 · management and general $4,125

  • 11c · Fees: accounting

    total $109,886 · management and general $109,886

  • 11g · Fees: other

    total $248,788 · program services $216,565 · management and general $32,223

  • 12 · Advertising and promotion

    total $21,267 · program services $21,267

  • 13 · Office expenses

    total $16,712 · program services $5,996 · management and general $10,716

  • 14 · Information technology

    total $359,829 · program services $330,796 · management and general $18,645 · fundraising $10,388

  • 16 · Occupancy

    total $249,852 · program services $142,909 · management and general $62,937 · fundraising $44,006

  • 17 · Travel

    total $60,746 · program services $34,505 · management and general $19,272 · fundraising $6,969

  • 19 · Conferences, conventions and meetings

    total $54,025 · program services $47,132 · management and general $6,482 · fundraising $411

  • 22 · Depreciation, depletion and amortization

    total $5,395 · management and general $5,395

  • 23 · Insurance

    total $20,868 · management and general $20,868

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $16,557 · program services $3,000 · management and general $13,557

  • 24b · Other expenses: PRIZES

    total $5,650 · program services $5,650

  • 24c · Other expenses: STAFF & PARTNER APPRECI

    total $4,011 · program services $50 · management and general $3,961

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $511,555 · end of year $310,009

  • 2 · Savings and temporary cash investments

    beginning of year $526,029 · end of year $611,455

  • 3 · Pledges and grants receivable

    beginning of year $1,990,126 · end of year $913,979

  • 9 · Prepaid expenses and deferred charges

    beginning of year $69,650 · end of year $34,811

  • 10a · Land, buildings and equipment: cost or other basis

    $14,879

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,569

  • 10c · Land, buildings and equipment, net

    beginning of year $4,824 · end of year $4,310

  • 11 · Investments: publicly traded securities

    beginning of year $1,263,171 · end of year $469,857

  • 15 · Other assets

    beginning of year $253,808 · end of year $7,892

  • 17 · Accounts payable and accrued expenses

    beginning of year $193,887 · end of year $172,379

  • 19 · Deferred revenue

    beginning of year $26,687

  • 25 · Other liabilities

    beginning of year $300,776 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,088,216 · end of year $297,944

  • 28 · Net assets with donor restrictions

    beginning of year $2,009,597 · end of year $1,881,990

Mission and programs · 2024

Mission

SERVICE YEAR ALLIANCE IS AN ORGANIZATION RELENTLESSLY PURSUING A BOLD VISION MAKING A YEAR OF SERVICE A COMMON EXPECTATION AND OPPORTUNITY FOR ALL YOUNG AMERICANS AS A WAY TO TACKLE IMPORTANT CHALLENGES WHILE TRANSFORMING THEIR OWN LIVES.

Activities or mission (Part I)

WE WORK TO MAKE A SERVICE YEAR A COMMON EXPECTATION & OPPORTUNITY FOR ALL YOUNG AMERICANS.

  • 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 2024 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 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.

    Expenses $1,246,596 · Grants $348,212 · Revenue $209,995

  • SERVICE YEAR EXCHANGE: MANAGE 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.

    Expenses $445,257

  • 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.

    Expenses $221,964

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kristen Bennett

    CEO

    Total calculated
    $224,071
    From this org
    $205,760
    From related orgs
    $0
    Other
    $18,311
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,760
    Bonus
    $0
    Other
    $0
    Deferred
    $8,235
    Nontaxable benefits
    $10,076
    Filer's total
    $224,071
  • Gen Stanley McChrystal

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • John Bridgeland

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Alan Khazei

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Jim Bildner

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Elliot Gerson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Nicole Gallant

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Robert Gordon

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Maisha Leek

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Bill Poston

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Amnon Rodan

    MEMBER (TO JUL '24)

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Bagaglio

    CHIEF OPERATING OFFICER

    Total calculated
    $183,844
    From this org
    $165,251
    From related orgs
    $0
    Other
    $18,593
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,251
    Bonus
    $0
    Other
    $0
    Deferred
    $6,835
    Nontaxable benefits
    $11,758
    Filer's total
    $183,844
  • Sanford Keith

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $211,269
    From this org
    $169,261
    From related orgs
    $0
    Other
    $42,008
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,261
    Bonus
    $0
    Other
    $0
    Deferred
    $6,835
    Nontaxable benefits
    $35,173
    Filer's total
    $211,269
  • Maureen Eccleston

    CHIEF IMPACT OFFICER

    Total calculated
    $195,213
    From this org
    $151,831
    From related orgs
    $0
    Other
    $43,382
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,831
    Bonus
    $0
    Other
    $0
    Deferred
    $6,149
    Nontaxable benefits
    $37,233
    Filer's total
    $195,213
  • Brent Kossick

    MANAGING DIRECTOR, PROGRAM

    Total calculated
    $140,616
    From this org
    $114,784
    From related orgs
    $0
    Other
    $25,832
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202513119349300216

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