SERVICE YEAR EXCHANGE INC

EIN: 474970343 501(c)(3) Youth Development

WASHINGTON, DC

Total Revenue
$3,627,198
Total Expenses
$3,436,294
Total Assets
$4,619,163
Net Assets
$4,097,813
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
DE
Principal Officer
KRISTEN BENNETT
Phone
2027347277
Tax Period
2023-01-01 to 2023-12-31

SERVICE YEAR EXCHANGE INC, founded in 2015, is a community nonprofit in the Youth Development sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 176% from the prior year, signaling strong growth momentum. Expenses of $3.4M left a modest 5% surplus.

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.

Program Service Accomplishments

Program 1
Expenses: $1,290,376

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...

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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.

Program 2
Expenses: $850,695

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...

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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.

Program 3
Expenses: $339,842

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...

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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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,415,809
Program Service Revenue $65,679
Investment Income $28,697
Other Revenue $117,013
TOTAL REVENUE $3,627,198

Expense Breakdown

Grants Paid $274,675
Salaries & Benefits $1,590,284
Fundraising Expenses $220,722
Program Expenses $2,646,467
Other Expenses $1,571,335
TOTAL EXPENSES $3,436,294

Year-over-Year Comparison

2023 2022 Change
Revenue $3,627,198 $1,315,723 +1.8%
Expenses $3,436,294 $3,802,049 -0.1%
Net Income $190,904 $-2,486,326 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
10
Employees
13
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$407,424
Total Directors
11
$216,780
Key Employees
1
$179,860
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTEN BENNETT CEO 40.00
Officer Director
$199,575 $17,205 $216,780
GEN STANLEY MCCHRYSTAL CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOHN BRIDGELAND VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
ALAN KHAZEI VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JIM BILDNER TREASURER 1.00
Officer Director
$0 $0 $0
ELLIOT GERSON SECRETARY 1.00
Officer Director
$0 $0 $0
NICOLE GALLANT MEMBER (FROM 2023) 1.00
Director
$0 $0 $0
ROBERT GORDON MEMBER 1.00
Director
$0 $0 $0
MAISHA LEEK MEMBER 1.00
Director
$0 $0 $0
BILL POSTON MEMBER (FROM 2023) 1.00
Director
$0 $0 $0
AMNON RODAN MEMBER 1.00
Director
$0 $0 $0
JENNIFER BAGAGLIO CHIEF OPERATING OFFICER 40.00
Officer
$156,602 $34,042 $190,644
SANFORD KEITH CHIEF DEVELOPMENT OFFICER 40.00
Key Emp
$163,948 $15,912 $179,860
MAUREEN ECCLESTON CHIEF IMPACT OFFICER 40.00
Highest
$127,841 $36,884 $164,725
ALYSON FERGUSON MANAGING DIRECTOR. EXTERNAL AFFAIRS (TO OCT '23) 40.00
Highest
$112,214 $25,206 $137,420
BRENT KOSSICK MANAGING DIRECTOR, PROGRAMS 40.00
Highest
$108,889 $23,701 $132,590
JONAS KANE DIRECTOR, PRODUCT ENGAGEMENT & PARTNERSHIPS 40.00
Highest
$100,140 $8,429 $108,569
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,627,198 $3,436,294 $4,619,163 $190,904
2022 $1,315,723 $3,802,049 $5,182,598 $-2,486,326
2021 $7,347,919 $3,899,694 $7,358,910 $3,448,225
2021 $7,347,919 $3,899,694 $7,358,910 $3,448,225
2020 $6,244,091 $3,527,214 $3,880,655 $2,716,877
2019 $2,209,852 $5,016,980 $1,671,085 $-2,807,128
2018 $6,846,156 $8,078,451 $8,250,882 $-1,232,295
2018 $6,846,156 $8,078,451 $4,211,592 $-1,232,295
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