Service Year Exchange INC

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We work to make a Service Year a common expectation & opportunity for all young americans.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 11 volunteers and 18 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $380K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$807K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $718K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$172K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$911K
-75% vs prior year
Spent
$2.9M
To programs
66%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$911K
FY2024▼ -75%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.2M
FY2021$7.3M
FY2022$1.3M
FY2023$3.6M
FY2024$911K
Expenses
$2.9M
FY2024▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$3.9M
FY2022$3.8M
FY2023$3.4M
FY2024$2.9M
Net assets
$2.2M
FY2024▼ -47%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$6.9M
FY2022$4.2M
FY2023$4.1M
FY2024$2.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $1.9M Management & general 23% · $670K Fundraising 10% · $297K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

15 people listed on the 990; $807K paid to officers and key staff.

Part VII, Section A · reportable compensation
$205,760Pt VII · Sec A
Chief Development Officer
$169,261Pt VII · Sec A
Chief Operating Officer
$165,251Pt VII · Sec A
Chief Impact Officer
$151,831Pt VII · Sec A
Managing Director, Program
$114,784Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kristen Bennett’s $206K as CEO is at the 100th percentile of top reported officer pay among 1992 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kristen Bennett$205,760$199,575$190,032$151,257$133,313
Jesse Colvin———$164,196$184,216
Sanford Keith$169,261$163,948$159,460$146,337$141,058
Jennifer Bagaglio$165,251$156,602$166,437$144,393$143,564
Maureen Eccleston$151,831$127,841———
Floyd Sartin——$134,625$113,132—
Alyson Ferguson—$112,214$132,272——
Bryan Hall———$116,825—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Service Year Exchange INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects young Americans to service year opportunities.

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3 programs · $1.9M · in their own filed words · FY2024
01

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.

$1.2Mprogram expense
02

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.

$445Kprogram expense
03

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…

$222Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$718K
See all 4 funders →
Grants paid · 67 grants · $1.4M · 2020–2024
Userve Utah (state of Utah Cultural and Community Engagement)FY2024$45,000
CivicwellCA · FY2024$45,000
Repair the World INCNY · FY2024$25,000
Campus CompactMA · FY2024$20,000
Americorps Central TexasFY2024$15,000
Operation Fresh Start INCWI · FY2024$14,000
Conservation LegacyCO · FY2024$14,000
Unitemized GrantFY2024$12,900
Utah State UniversityUT · FY2024$12,000
Sustainability Institute INCSC · FY2024$12,000
State of Maine Volunteer MaineFY2024$12,000
Conservation CorpsMN · FY2024$8,000
Unitemized GrantFY2024$4,000
See all 67 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$911K
Ln 12
Gifts and grantsLn 1h$565K
Fees for servicesLn 2g$210K
Other incomeLn 4–11$88K
Money outPt IX
$2.9M
Ln 25
Programscol B$1.9M
Managementcol C$670K
Fundraisingcol D$297K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$921K
Total assetsLn 16$2.4M
LiabilitiesLn 26$172K
PeoplePt VI, VII
15
listed · VII A
PaidVII A5
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$565K
Fees for servicesLn 2g$210K
Investment incomeLn 3$48K
Other incomeLn 4–11$88K
Gains on assetsLn 7−$5K
Total revenueLn 12$911K
Assets in detailPt X, end of year
CashLn 1$310K
SavingsLn 2$611K
Cash and savings togetherLn 1–2$921K
Pledges and grants receivableLn 3$914K
Prepaid expenses and deferred chargesLn 9$35K
Land, buildings, equipmentLn 10c$4K
InvestmentsLn 11–13$470K
Other assetsLn 15$8K
Total assetsLn 16$2.4M
LiabilitiesLn 26$172K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 518
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.0M$921K
InvestmentsLn 11–13$1.3M$470K
Land, buildings, equipmentLn 10c$5K$4K
Total assetsLn 16$4.6M$2.4M
LiabilitiesLn 26$521K$172K
Net assetsLn 32$4.1M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$330K$330K
Grants to domestic individualsLn 2$18K$18K
Pay of current officers, directors and key staffLn 5$612K$346K$159K$107K
Other salaries and wagesLn 7$518K$297K$131K$91K
Pension plan contributionsLn 8$20K$11K$6K$3K
Other employee benefitsLn 9$116K$58K$39K$19K
Payroll taxesLn 10$89K$47K$27K$15K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$110K$110K
Other fees for servicesLn 11g$249K$217K$32K
Advertising and promotionLn 12$21K$21K
Office expensesLn 13$17K$6K$11K
Information technologyLn 14$360K$331K$19K$10K
OccupancyLn 16$250K$143K$63K$44K
TravelLn 17$61K$35K$19K$7K
Conferences, conventions and meetingsLn 19$54K$47K$6K$411
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$26K$9K$18K
Total functional expensesLn 25$2.9M$1.9M$670K$297K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 7, 2025 $911K$2.9M−$2.0M$2.2M 990 PDF
FY2023Filed with the IRS Oct 17, 2024 $3.6M$3.4M$191K$4.1M 990 PDF
FY2022Filed with the IRS Oct 28, 2023 $1.3M$3.8M−$2.5M$4.2M 990 PDF
FY2021Filed with the IRS Oct 21, 2022 $7.3M$3.9M$3.4M$6.9M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $6.2M$3.5M$2.7M$3.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $911,020 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,415,809$565,163
I-9 Program service revenuePrior year $65,679$209,995
I-10 Investment incomePrior year $28,697$48,073
I-11 Other revenuePrior year $117,013$87,789
I-12 Total revenuePrior year $3,627,198$911,020
I-13 Grants and similar amounts paidPrior year $274,675$348,212
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,590,284$1,354,946
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,571,335$1,177,711
I-18 Total expensesPrior year $3,436,294$2,880,869
I-19 Revenue less expensesPrior year $190,904−$1,969,849
Part VI · Governance 9 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $911,020 across 8 lines filed
Lines not itemized here account for $26 of total revenue; see the IRS return.
VIII-1b Membership dues$25,656
VIII-1f All other contributions, gifts and grants$539,507
VIII-1h Total contributions, gifts and grants$565,163
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $209,995$209,995
VIII-3 Investment incomeExcluded from tax $52,810$52,810
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$4,737−$4,737
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $87,763$87,763
VIII-12 Total revenueRelated to mission $209,995 · Unrelated business $0 · Excluded from tax $135,862$911,020
Part IX · Statement of functional expenses $2,880,869 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $330,000$330,000
IX-2 Grants to domestic individualsPrograms $18,212$18,212
IX-5 Pay of current officers, directors and key staffPrograms $345,707 · Management $159,326 · Fundraising $106,770$611,803
IX-7 Other salaries and wagesPrograms $296,524 · Management $130,588 · Fundraising $90,904$518,016
IX-8 Pension plan contributionsPrograms $10,939 · Management $6,058 · Fundraising $3,494$20,491
IX-9 Other employee benefitsPrograms $57,712 · Management $38,827 · Fundraising $19,182$115,721
IX-10 Payroll taxesPrograms $46,853 · Management $27,336 · Fundraising $14,726$88,915
IX-11b Legal feesManagement $4,125$4,125
IX-11c Accounting feesManagement $109,886$109,886
IX-11g Other fees for servicesPrograms $216,565 · Management $32,223$248,788
IX-12 Advertising and promotionPrograms $21,267$21,267
IX-13 Office expensesPrograms $5,996 · Management $10,716$16,712
IX-14 Information technologyPrograms $330,796 · Management $18,645 · Fundraising $10,388$359,829
IX-16 OccupancyPrograms $142,909 · Management $62,937 · Fundraising $44,006$249,852
IX-17 TravelPrograms $34,505 · Management $19,272 · Fundraising $6,969$60,746
IX-19 Conferences, conventions and meetingsPrograms $47,132 · Management $6,482 · Fundraising $411$54,025
IX-22 Depreciation, depletion and amortizationManagement $5,395$5,395
IX-23 InsuranceManagement $20,868$20,868
IX-24 Other expenses (24a–d)Programs $8,700 · Management $17,518$26,218
IX-25 Total functional expensesPrograms $1,913,817 · Management $670,202 · Fundraising $296,850$2,880,869
Part X · Balance sheet $2,352,313 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $511,555$310,009
X-2 Savings and temporary cash investmentsStart of year $526,029$611,455
X-3 Pledges and grants receivableStart of year $1,990,126$913,979
X-9 Prepaid expenses and deferred chargesStart of year $69,650$34,811
X-10c Land, buildings and equipment, netStart of year $4,824$4,310
X-11 Publicly traded securitiesStart of year $1,263,171$469,857
X-15 Other assetsStart of year $253,808$7,892
X-16 Total assetsStart of year $4,619,163$2,352,313
X-17 Accounts payable and accrued expensesStart of year $193,887$172,379
X-25 Other liabilitiesStart of year $300,776$0
X-26 Total liabilitiesStart of year $521,350$172,379
X-27 Net assets without donor restrictionsStart of year $2,088,216$297,944
X-28 Net assets with donor restrictionsStart of year $2,009,597$1,881,990
X-32 Total net assets or fund balancesStart of year $4,097,813$2,179,934
X-33 Total liabilities and net assetsStart of year $4,619,163$2,352,313
Part XI · Reconciliation of net assets $2,179,934 net assets at year end
XI-1 Total revenue$911,020
XI-2 Total expenses$2,880,869
XI-3 Revenue less expenses−$1,969,849
XI-4 Net assets at start of year$4,097,813
XI-5 Net unrealized gains (losses) on investments$36,970
XI-9 Other changes in net assets$15,000
XI-10 Net assets at end of year$2,179,934

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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