Overview
What is Service Year Exchange Inc?
Service Year Exchange Inc is a nonprofit organization situated in Washington D.C., specifically at 1400 I Street NW 905. The primary purpose of this organization is to promote the concept of a service year as a common expectation and opportunity for young Americans. They achieve this by engaging in programs and partnerships that enhance the learning and sharing of best practices among various stakeholders, including service year programs, state service commissions, impact communities, and other organizations. In 2022, their focus was on the Climate Learning Cohort, supporting programs using national service in the climate and workforce development fields, as well as the Postsecondary Pathways Cohort, which aims to provide successful service year experiences for high school graduates. The organization also supports a diverse network of service year impact communities across the U.S., adding five new communities in 2022. Additionally, Service Year Exchange Inc provides resources and opportunities for alumni of various service programs, including AmeriCorps, Peace Corps, and YouthBuild, among others, to connect and further their careers and personal development. The organization boasts a workforce of 16 dedicated individuals.
Official website here: www.about.serviceyear.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
Service Year Exchange Inc has achieved a high rating of 96% from Charity Navigator, reflecting strong accountability and financial health. The rating is based entirely on the Accountability & Finance beacon, signifying that the organization demonstrates a commitment to transparency and effective financial management.
The organization boasts an independent board with 88% of its members being independent, which enhances its governance structure. Service Year Exchange Inc has also been recognized for having no material diversions of assets and maintaining a strong program expense ratio of 72.41%, indicating that a significant portion of its funding is directed towards its mission-driven activities.
While the rating highlights many strengths, it is primarily focused on financial aspects, and further insights into the organization's programmatic impact and effectiveness could provide a more comprehensive view. Nonetheless, the solid governance practices and financial accountability underscore its reliability as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Service Year Exchange Inc legitimate?
Service Year Exchange Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Service Year Exchange Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $573,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $922,881
For more financial information, click here
Official website here: www.about.serviceyear.org
What is the mission statement of Service Year Exchange Inc?
Service Year Exchange Inc, through its organization Service Year Alliance, is dedicated to making a year of service a common expectation and opportunity for all young Americans. This ambitious vision aims to address significant challenges while transforming the lives of young individuals. The organization accomplishes this by collaborating with various stakeholders, such as service year programs, state service commissions, and impact communities, to explore solutions, develop best practices, and identify new opportunities for deploying service. In 2022, the focus was on the Climate Learning Cohort and the Postsecondary Pathways Cohort, with the former concentrating on utilizing national service in support of climate and workforce development fields, and the latter on providing opportunities for successful service year experiences after high school graduation. Additionally, the Service Year Alliance supports a diverse network of impact communities across the country, fostering the sharing of best practices and the expansion of universal national service in local communities. In 2022, five new communities were added to this network. Furthermore, the organization also supports the Service Year Alumni Network, promoting peer-led alumni chapters and establishing partnerships with organizations to connect alumni with relevant local events, resources, and opportunities for career, networking, and personal development.
Official website here: www.about.serviceyear.org
Who is the CEO of Service Year Exchange Inc?
Kristen Bennett is the Ceo of Service Year Exchange Inc. The CEO's salary of Service Year Exchange Inc is $190,032 and their total compensation is $205,943.
Official website here: www.about.serviceyear.org
What is the revenue of Service Year Exchange Inc?
Service Year Exchange Inc's revenue in 2022 was $1,315,723.
Official website here: www.about.serviceyear.org
Who are the executives of Service Year Exchange Inc and what are their salaries?
The average compensation at Service Year Exchange Inc during 2022 was $93,552. There are 16 employees and 10 volunteers at Service Year Exchange Inc.
Here are 16 key members and their salaries (Service Year Exchange Inc's CEO's salary is $190,032 and their total compensation is $205,943):
- Compensation: $190,032
- Related: $0
- Other: $15,911
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $166,437
- Related: $0
- Other: $27,256
- Compensation: $159,460
- Related: $0
- Other: $14,854
- Compensation: $134,625
- Related: $0
- Other: $5,586
- Compensation: $132,272
- Related: $0
- Other: $6,365
- Compensation: $111,259
- Related: $0
- Other: $12,118
Official website here: www.about.serviceyear.org
Where can I find the form 990 for Service Year Exchange Inc?
Service Year Exchange Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.about.serviceyear.org
Learn more at the official website: www.about.serviceyear.org
Mission Statement of Service Year Exchange Inc
Service Year Exchange Inc, a relentless advocate for change, is driven by a mission to make a year of service a common expectation and opportunity for all young Americans. This organization, Service Year Alliance, is dedicated to tackling significant challenges while simultaneously transforming the lives of these young individuals. By promoting a year of service, they aim to address pressing issues and contribute to the personal growth and development of the next generation.
The organization implements its mission through various programs and partnerships. The Programs Team convenes learning cohorts, including service year programs, state service commissions, impact communities, and other stakeholders. This collaborative effort facilitates the sharing of insights, the development of best practices, and the exploration of new opportunities to deploy service. In 2022, the focus was on the Climate Learning Cohort, which aimed to understand the models, challenges, and opportunities in utilizing national service in support of the climate and workforce development fields. Another initiative was the Postsecondary Pathways Cohort, which supported programs creating opportunities for young people to have a successful service year experience after graduating from high school.
Additionally, Service Year Exchange Inc supports a diverse network of Service Year Impact Communities across the country. This network learns and shares best practices, working towards bringing universal national service to life in their respective communities. In 2022, five new communities were added to this network. Furthermore, the organization supports the Service Year Alums Network, establishing a peer-led alumni chapter steering committee and creating partnerships with organizations to connect alumni with relevant local events, resources, and opportunities for career development, networking, and personal growth.
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Impact
July, 2024
Service Year Exchange Inc works to make a service year a common expectation and opportunity for all young Americans. They create and convene learning cohorts of service year programs, state service commissions, impact communities, and other stakeholders to pilot, learn, and document solutions to unblock shared challenges. This organization focuses on exploring new opportunities to deploy service and developing best practices to support programs and partnerships that aim to bring universal national service to life in communities across the country.
In 2022, their focus included continuing the work of the Climate Learning Cohort to support programs utilizing national service in support of the climate and workforce development fields. Additionally, they supported a Postsecondary Pathways Cohort to help young people have a successful service year experience after graduating high school. Their efforts also extend to maintaining a service year alums network, connecting alums with relevant resources and opportunities for career, networking, and personal development.
Overall, Service Year Exchange Inc's impact lies in their dedication to transforming the lives of young Americans through service, tackling important challenges, and fostering a network of individuals committed to making a difference in their communities.
This information is meant to be a general summary of Service Year Exchange Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $51,472
- Program Service Revenue: $25,486
- Gross Receipts: $2,501,041
Assets and Liabilities:
- Total Assets: $5,182,598
- Total Liabilities: $940,404
- Net Assets: $4,242,194
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING & CONTRACTS
Revenue
$25,486
Organization Details
Founding Year
2015
Phone
(202) 734-7277Principal Officer
Kristen Bennett
Main Address
1400 I STREET NW 900, WASHINGTON, DC, 20005
Website
www.about.serviceyear.orgNTEE Category
Code: O50 - Youth development
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