Civic Intelligence

Secondmuse Foundation

EIN 84-2181021 • 501(c)3 • Lake Oswego, OR

Pub. 78 Eligible990-N Coverage

Profile

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.

401 Ash St Suite BLake Oswego, OR 97034

secondmusefoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.56x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.47x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

1st percentile

-342%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

3rd percentile

-83%

Faster asset growth than 3% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-80%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$787,831

Down $3,858,014 (-83%) from 2023

Liabilities

Down

$442,687

Down $644,265 (-59%) from 2023

Net Assets

Down

$345,144

Down $3,213,749 (-90%) from 2023

Revenue

Down

$940,902

Down $3,830,920 (-80%) from 2023

Expenses

Down

$4,154,651

Down $2,803,626 (-40%) from 2023

Net Income

Down

-$3,213,749

Down $1,027,294 (-47%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2019: $1,679,481Liabilities 2019: $358,233Net Assets 2019: $1,321,2482019Assets 2020: $2,254,621Liabilities 2020: $769,125Net Assets 2020: $1,485,4962020Assets 2021: $7,771,916Liabilities 2021: $1,075,667Net Assets 2021: $6,696,2492021Assets 2022: $7,411,487Liabilities 2022: $1,666,139Net Assets 2022: $5,745,3482022Assets 2023: $4,645,845Liabilities 2023: $1,086,952Net Assets 2023: $3,558,8932023Assets 2024: $787,831Liabilities 2024: $442,687Net Assets 2024: $345,1442024

Highlighted filing

2024

Assets$787,831
Liabilities$442,687
Net Assets$345,144

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2019: $1,699,029Expenses 2019: $377,781Net Income 2019: $1,321,2482019Revenue 2020: $2,298,432Expenses 2020: $2,134,184Net Income 2020: $164,2482020Revenue 2021: $9,612,757Expenses 2021: $4,387,004Net Income 2021: $5,225,7532021Revenue 2022: $5,727,123Expenses 2022: $6,678,024Net Income 2022: -$950,9012022Revenue 2023: $4,771,822Expenses 2023: $6,958,277Net Income 2023: -$2,186,4552023Revenue 2024: $940,902Expenses 2024: $4,154,651Net Income 2024: -$3,213,7492024

Highlighted filing

2024

Revenue$940,902
Expenses$4,154,651
Net Income-$3,213,749

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.0
Gross Receipts
$940,902
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,238,715$465,282▼ $1,773,433
Cash and Non-Interest-Bearing Accounts$2,406,730$322,549▼ $2,084,181
Other Notes and Loans Receivable, Net$400--
Total Assets$4,645,845$787,831▼ $3,858,014
Liabilities
Accounts Payable and Accrued Expenses$1,086,952$442,687▼ $644,265
Total Liabilities$1,086,952$442,687▼ $644,265
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,162,101--
Net Assets Without Donor Restrictions$1,396,792$345,144▼ $1,051,648
Total Net Assets Fund Balance$3,558,893$345,144▼ $3,213,749
Total Liabilities and Net Assets / Fund Balance$4,645,845$787,831▼ $3,858,014
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nicole McdonaldPresident
Anthony JewettDirector
Chad BadiyanDirector
Jonathan RomineDirector
Sarah OwenDirector
Todd KhozeinDirector
Erica BarbosaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$914,335
Program Service Revenue
$0
Investment Income
$26,567
Other Revenue
$0
All Other Contributions
$914,335
Change in Net Assets
$-3,213,749

Audited Revenue Reconciliation

Revenue per Audited Statements
$940,902
Total Revenue per Audited Statements
$940,902
Total Revenue per Form 990
$940,902
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,372,692
Salaries, Compensation, and Employee Benefits$781,959
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,532,112$748,224-$2,280,336
Other Salaries and Wages$554,795$138,699-$693,494
Payroll Taxes$48,815$12,204-$61,019
Travel$32,519$1,464-$33,983
Other Employee Benefits$21,956$5,490-$27,446
Office Expenses$19,759$460-$20,219
Occupancy$15,068$102-$15,170
Conferences and Meetings$4,176$2,609-$6,785
Insurance-$5,716-$5,716
Fees for Services Accounting-$4,222-$4,222
Information Technology$465$1,104-$1,569
Advertising$124--$124
Other Expenses$319$25-$25
Total Functional Expenses$3,233,824$920,827$0$4,154,651

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,154,651
Total Expenses per Audited Statements$4,154,651
Total Expenses per Form 990$4,154,651
International Activity

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
ThailandProgramEnvironmental---
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Secondmuse llc secondmuse llc member member co-owners secondmuse llc secondmuse llc member member co-owners secondmuse llc secondmuse llc member member co-owners secondmuse llc secondmuse llc member member co-owners

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by management and selected members of the board of directors prior to acceptance and submission to the irs.

Form 990, Page 6, Part VI, Line 12C

Directors, officers and key employees are required to disclose interests that could give rise to conflicts at least annually. The annual disclosure form appended to the end of these board governance policies, shall be completed and submitted by each officer and director at the first secondmuse foundation meeting of the calendar year of the board of directors, and maintained in the permanent corporate records.

Form 990, Page 6, Part VI, Line 15A

The board of directors shall oversee the setting of executive compensation and shall (1) determine compensation of all directors, top management officials, officers and key employees,and (2) review, assess and approve the reasonableness of such compensation on a regular basis. In order to be approved as reasonable, compensation must be an amount that would ordinarily be paid for comparable work by similarly situated organizations under like circumstances.

Form 990, Page 6, Part VI, Line 15B

The board of directors shall oversee the setting of executive compensation and shall (1) determine compensation of all directors, top management officials, officers and key employees,and (2) review, assess and approve the reasonableness of such compensation on a regular basis. In order to be approved as reasonable, compensation must be an amount that would ordinarily be paid for comparable work by similarly situated organizations under like circumstances.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon written request and on the secondmuse foundation website.

Filing and Contact Details

Filer

Filer Name
Secondmuse Foundation
EIN
84-2181021
Phone
5148068023
Address
401 ASH ST SUITE B, LAKE OSWEGO, OR 97034

Signing Officer

Name
Jonathan Romine
Title
Director
Phone
2392816015
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Badiyan
Formed
2019
Legal Domicile
De
Voting Board Members
6
Independent Board Members
6
Employees
9

Preparer

Firm
Waters & Company LLC
Address
3311 CANDELARIA RD NE STE D, ALBUQUERQUE, NM 87107
Preparer
Ollie D Waters
Phone
5052600616
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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.

Form 990, Page 2, Part III, Line 4A

The secondmuse foundations accomplishments both through direct implementation and fiscal sponsorship of programs, have significantly contributed to enhancing the well-being of both people and the planet. In 2024, we completed our flagship program, get (gender equity in tech) cities, to radically increase equity in tech. In addition, the foundation has also continued two fiscally sponsored projects, both of which ended in 2024. The future economy lab asia, focused on innovating how we create financial mechanisms and collaborative strategies across regions, impact sectors, and communities around the world. The secondmuse foundation sponsored a grant from the visa foundation, to design programs that address barriers faced by gender-smart, climate-positive businesses in accessing capital in south and southeast asia. The foundation has been supporting and sponsoring black tech street (bts) since its inception. In 2023, it hosted def con 31 in collaboration with the white house and many other organizations. It was named part of the national cyber workforce and education strategy and the founder and executive director, tyrance billingsley ii, testified at the congressional black caucus and u.s. Senate committee on the ai and the future of work. In addition, bts created a long-term alliance between microsoft and the greenwood community for the digital transformation of black wall street to train 1000 black tech professionals.

Form 990, Part IX, Line 11G

Contractors 464,000 0 0 consultants 56,836 0 0 vendor services 1,011,276 694,863 0 vendor services 0 53,361 0 total 1,532,112 748,224 0

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/ProgramServicesAmt0999889
IRS990/OtherExpensesGrp/ProgramServicesAmt13827
IRS990/OtherExpensesGrp/ProgramServicesAmt2319
IRS990/OtherExpensesGrp/TotalAmt0999889
IRS990/OtherExpensesGrp/TotalAmt14335
IRS990/OtherExpensesGrp/TotalAmt2319
IRS990/OtherExpensesGrp/TotalAmt325
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0138699
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0554795
IRS990/OtherSalariesAndWagesGrp/TotalAmt0693494
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0400
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012204
IRS990/PayrollTaxesGrp/ProgramServicesAmt048815
IRS990/PayrollTaxesGrp/TotalAmt061019
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CHAD BADIYAN
IRS990/ProfessionalFundraisingInd0false
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IRS990/PYContributionsGrantsAmt04651957
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0773725
IRS990/PYInvestmentIncomeAmt0119865
IRS990/PYOtherExpensesAmt04788854
IRS990/PYRevenuesLessExpensesAmt0-2186455
IRS990/PYSalariesCompEmpBnftPaidAmt01395698
IRS990/PYTotalExpensesAmt06958277
IRS990/PYTotalRevenueAmt04771822
IRS990/ReconcilationRevenueExpnssAmt0-3213749
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0465282
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0914335
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04651957
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05711605
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt09612360
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02298429
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt023188686
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt026567
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0119865
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt015518
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0350
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0162303
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt047
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt047
IRS990ScheduleA/OtherIncome170Grp/TotalAmt047
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99300
IRS990ScheduleA/PublicSupportTotal170Amt023188686
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0914335
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04651957
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05711605
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt09612360
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02298429
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt023188686
IRS990ScheduleA/TotalSupportAmt023351036
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt04154651
IRS990ScheduleD/RevenueSubtotalAmt0940902
IRS990ScheduleD/TotalExpensesPerForm990Amt04154651
IRS990ScheduleD/TotalRevenuePerForm990Amt0940902
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0940902
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04154651
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0THAILAND
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0ENVIRONMENTAL
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM
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IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0EACH GRANT IS INITIATED WITH A LEGAL AGREEMENT BEFORE THE DISTRIBUTION OF FUNDS. FUNDS ARE DISTRIBUTED INCREMENTALLY SO SOME RECOURSE IS AVAILABLE SHOULD AN ISSUE ARISE. GRANTS ARE MONITORED THROUGH ONGOING MEETINGS OR OTHER ENGAGEMENTS AS APPROPRIATE FOR THE DURATION OF THE GRANT.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1THAILAND 0 0
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 2
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE F, PAGE 1, PART I, LINE 3
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SECONDMUSE LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1SECONDMUSE LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc025% OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc125% OWNER
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0TODD KHOZEIN, AND CARRIE FREEMAN EACH OWN A 25% SHARE OF SECONDMUSE LLC. SECONDMUSE LLC PROVIDES SERVICES TO THE SECONDMUSE FOUNDATION.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SECONDMUSE FOUNDATIONS ACCOMPLISHMENTS BOTH THROUGH DIRECT IMPLEMENTATION AND FISCAL SPONSORSHIP OF PROGRAMS, HAVE SIGNIFICANTLY CONTRIBUTED TO ENHANCING THE WELL-BEING OF BOTH PEOPLE AND THE PLANET. IN 2024, WE COMPLETED OUR FLAGSHIP PROGRAM, GET (GENDER EQUITY IN TECH) CITIES, TO RADICALLY INCREASE EQUITY IN TECH. IN ADDITION, THE FOUNDATION HAS ALSO CONTINUED TWO FISCALLY SPONSORED PROJECTS, BOTH OF WHICH ENDED IN 2024. THE FUTURE ECONOMY LAB ASIA, FOCUSED ON INNOVATING HOW WE CREATE FINANCIAL MECHANISMS AND COLLABORATIVE STRATEGIES ACROSS REGIONS, IMPACT SECTORS, AND COMMUNITIES AROUND THE WORLD. THE SECONDMUSE FOUNDATION SPONSORED A GRANT FROM THE VISA FOUNDATION, TO DESIGN PROGRAMS THAT ADDRESS BARRIERS FACED BY GENDER-SMART, CLIMATE-POSITIVE BUSINESSES IN ACCESSING CAPITAL IN SOUTH AND SOUTHEAST ASIA. THE FOUNDATION HAS BEEN SUPPORTING AND SPONSORING BLACK TECH STREET (BTS) SINCE ITS INCEPTION. IN 2023, IT HOSTED DEF CON 31 IN COLLABORATION WITH THE WHITE HOUSE AND MANY OTHER ORGANIZATIONS. IT WAS NAMED PART OF THE NATIONAL CYBER WORKFORCE AND EDUCATION STRATEGY AND THE FOUNDER AND EXECUTIVE DIRECTOR, TYRANCE BILLINGSLEY II, TESTIFIED AT THE CONGRESSIONAL BLACK CAUCUS AND U.S. SENATE COMMITTEE ON THE AI AND THE FUTURE OF WORK. IN ADDITION, BTS CREATED A LONG-TERM ALLIANCE BETWEEN MICROSOFT AND THE GREENWOOD COMMUNITY FOR THE DIGITAL TRANSFORMATION OF BLACK WALL STREET TO TRAIN 1000 BLACK TECH PROFESSIONALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SECONDMUSE LLC SECONDMUSE LLC MEMBER MEMBER CO-OWNERS SECONDMUSE LLC SECONDMUSE LLC MEMBER MEMBER CO-OWNERS SECONDMUSE LLC SECONDMUSE LLC MEMBER MEMBER CO-OWNERS SECONDMUSE LLC SECONDMUSE LLC MEMBER MEMBER CO-OWNERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY MANAGEMENT AND SELECTED MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO ACCEPTANCE AND SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS AT LEAST ANNUALLY. THE ANNUAL DISCLOSURE FORM APPENDED TO THE END OF THESE BOARD GOVERNANCE POLICIES, SHALL BE COMPLETED AND SUBMITTED BY EACH OFFICER AND DIRECTOR AT THE FIRST SECONDMUSE FOUNDATION MEETING OF THE CALENDAR YEAR OF THE BOARD OF DIRECTORS, AND MAINTAINED IN THE PERMANENT CORPORATE RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS SHALL OVERSEE THE SETTING OF EXECUTIVE COMPENSATION AND SHALL (1) DETERMINE COMPENSATION OF ALL DIRECTORS, TOP MANAGEMENT OFFICIALS, OFFICERS AND KEY EMPLOYEES,AND (2) REVIEW, ASSESS AND APPROVE THE REASONABLENESS OF SUCH COMPENSATION ON A REGULAR BASIS. IN ORDER TO BE APPROVED AS REASONABLE, COMPENSATION MUST BE AN AMOUNT THAT WOULD ORDINARILY BE PAID FOR COMPARABLE WORK BY SIMILARLY SITUATED ORGANIZATIONS UNDER LIKE CIRCUMSTANCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS SHALL OVERSEE THE SETTING OF EXECUTIVE COMPENSATION AND SHALL (1) DETERMINE COMPENSATION OF ALL DIRECTORS, TOP MANAGEMENT OFFICIALS, OFFICERS AND KEY EMPLOYEES,AND (2) REVIEW, ASSESS AND APPROVE THE REASONABLENESS OF SUCH COMPENSATION ON A REGULAR BASIS. IN ORDER TO BE APPROVED AS REASONABLE, COMPENSATION MUST BE AN AMOUNT THAT WOULD ORDINARILY BE PAID FOR COMPARABLE WORK BY SIMILARLY SITUATED ORGANIZATIONS UNDER LIKE CIRCUMSTANCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AND ON THE SECONDMUSE FOUNDATION WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CONTRACTORS 464,000 0 0 CONSULTANTS 56,836 0 0 VENDOR SERVICES 1,011,276 694,863 0 VENDOR SERVICES 0 53,361 0 TOTAL 1,532,112 748,224 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04645845
IRS990/TotalAssetsEOYAmt0787831
IRS990/TotalAssetsGrp/BOYAmt04645845
IRS990/TotalAssetsGrp/EOYAmt0787831
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0914335
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0920827
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03233824
IRS990/TotalFunctionalExpensesGrp/TotalAmt04154651
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01086952
IRS990/TotalLiabilitiesEOYAmt0442687
IRS990/TotalLiabilitiesGrp/BOYAmt01086952
IRS990/TotalLiabilitiesGrp/EOYAmt0442687
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03558893
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0345144
IRS990/TotalProgramServiceExpensesAmt03233824
IRS990/TotalRevenueGrp/ExclusionAmt026567
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0940902
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04645845
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0787831
IRS990/TravelGrp/ManagementAndGeneralAmt01464
IRS990/TravelGrp/ProgramServicesAmt032519
IRS990/TravelGrp/TotalAmt033983
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0LAKE OSWEGO
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IRS990/USAddress/ZIPCd097034
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0SECONDMUSEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JONATHAN ROMINE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02392816015
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SECONDMUSE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SECO
ReturnHeader/Filer/EIN0842181021
ReturnHeader/Filer/PhoneNum05148068023
ReturnHeader/Filer/USAddress/AddressLine1Txt0401 ASH ST SUITE B
ReturnHeader/Filer/USAddress/CityNm0LAKE OSWEGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097034
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205855985
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WATERS & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03311 CANDELARIA RD NE STE D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBUQUERQUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd087107
ReturnHeader/PreparerPersonGrp/PhoneNum05052600616
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0OLLIE D WATERS
ReturnHeader/ReturnTs02025-11-17T11:32:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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