Overview
What is Secondmuse Foundation?
Secondmuse Foundation is a nonprofit organization based in Lake Oswego, Oregon, with a mission to foster inclusive innovation communities addressing social, economic, and environmental issues. Since 2019, they have focused on cities, implementing their approach in Chicago, Washington D.C., and Miami, which launched in March 2022. Their work encompasses hosting and co-hosting events, inviting speakers, collaborating with partners, and supporting ventures in various sectors. Notably, they have raised funds for initiatives like Black Tech Street and Headstream, and have also contributed to projects focused on equity and the circular economy. By bringing together stakeholders and fostering shared visions, Secondmuse Foundation aims to catalyze community development on a larger scale.
Official website here: www.secondmusefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Secondmuse Foundation has received a remarkable Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. With a solid score of 95% in Accountability & Finance, the organization demonstrates strong governance practices, including a majority of independent board members and comprehensive financial oversight. The absence of material asset diversions and a robust conflict of interest policy further underscores its commitment to transparency.
Strengths of the foundation include an impressive program expense ratio of 89.43%, indicating that a large portion of its funds is directed towards its mission-driven programs. Additionally, the foundation boasts a fundraising efficiency ratio of $0.00, suggesting that it may have an effective strategy that minimizes costs related to fundraising efforts. Overall, these financial metrics point to a well-managed organization focused on maximizing its impact.
While the data highlights strong performance, there are no specific limitations or areas for improvement mentioned. This consistent commitment to excellent financial practices and transparency positions the Secondmuse Foundation as a reliable choice for donors looking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Secondmuse Foundation legitimate?
Secondmuse Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Secondmuse Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,240,133
For more financial information, click here
Official website here: www.secondmusefoundation.org
What is the mission statement of Secondmuse Foundation?
The Secondmuse Foundation's mission is centered around fostering and developing diverse, participatory innovation communities. Their primary goal is to incubate solutions to social, economic, and environmental issues. This is achieved through various means, including public education, facilitating collaboration between private entities, entrepreneurs, and governments, and promoting shared visions to collectively advance solutions addressing environmental concerns and local economies. The foundation also funds and incubates programs and solutions that promote social, environmental, and economic justice. Furthermore, they generate, codify, and publish learnings and insights to catalyze broader community development on a larger scale.
Official website here: www.secondmusefoundation.org
What is the revenue of Secondmuse Foundation?
Secondmuse Foundation's revenue in 2023 was $4,771,822.
Official website here: www.secondmusefoundation.org
Who are the executives of Secondmuse Foundation and what are their salaries?
The average compensation at Secondmuse Foundation during 2023 was $82,676. There are 15 employees at Secondmuse Foundation.
Here are 5 key members and their salaries:
- 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
Official website here: www.secondmusefoundation.org
Where can I find the form 990 for Secondmuse Foundation?
Secondmuse Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.secondmusefoundation.org
Learn more at the official website: www.secondmusefoundation.org
Mission Statement of Secondmuse Foundation
Secondmuse Foundation is committed to fostering and developing diverse, participatory innovation communities. Its mission is to incubate solutions to social, economic, and environmental issues. The foundation accomplishes this by engaging in public education, facilitating collaboration between private entities, entrepreneurs, and governments to generate shared visions, and taking collective action to advance solutions addressing environmental concerns and local economies. Additionally, Secondmuse Foundation supports and funds programs and solutions that promote social, environmental, and economic justice. Furthermore, the organization generates, codifies, and publishes learnings and insights, aiming to catalyze community development on a larger scale through broader discourse.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Secondmuse Foundation's impact is evident through its various programs and initiatives aimed at fostering inclusive innovation communities. Through projects like GET CITIES, they have brought together diverse stakeholders to work on building more inclusive futures in tech at the city level. Additionally, their involvement in initiatives like Black Tech Street demonstrates a commitment to supporting the growth of Black-owned technology companies and the broader tech ecosystem in Tulsa. The foundation's work with the Inclusive Capital Collective and the Incubation Network further highlights their dedication to advancing economic equity, social justice, and environmental sustainability. Their fundraising achievements and operational successes also underscore their effectiveness in managing and supporting impactful projects. Overall, Secondmuse Foundation's efforts are contributing to positive changes in communities and industries, aligning with their mission to address social, economic, and environmental issues through innovation.
This information is meant to be a general summary of Secondmuse Foundation. 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 2023.
- Investment Income: $119,865
- Gross Receipts: $4,771,822
Assets and Liabilities:
- Total Assets: $7,411,487
- Total Liabilities: $1,666,139
- Net Assets: $5,745,348
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2019
Principal Officer
Nicole Mcdonald
Website
www.secondmusefoundation.orgNTEE Category
Code: S80 - Community improvement
If you are a representative of Secondmuse Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.