Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
57 cents of each dollar spent went to programs.
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
5 people listed on the 990; $98K paid to officers and key staff (Part VII, Section A).
Matt Knight’s $98K as President is at the 82nd percentile of top reported officer pay among 1613 $100K–1M education 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 · 1 named individual · Part VII
| Name | FY2024 | FY2023 |
|---|---|---|
| Matt Knight | $97,500 | $65,717 |
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 Second Century Foundation 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 15aNo
Programs and updates
Empowers underrepresented people in real estate tech through education and career opportunities.
Questions for Second Century Foundation
Your first name shows with your question. Second Century Foundation answers here, for everyone.
Foundation for innovation in real estate is a charitable and educational organization created to catalyze people and ideas that enhance the built world. The foundation for innovation in real estate focuses on the real estate technology industry ("proptech") and accomplishes its charitable goals by sponsoring attendance at industry…
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-1654217) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $5.7M | $5.5M |
| Total assetsLn 16 | $5.7M | $5.5M |
| LiabilitiesLn 26 | $27K | $6K |
| Net assetsLn 32 | $5.7M | $5.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $10K | $10K | ||
| Grants to domestic individualsLn 2 | $7K | $7K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $98K | $36K | $16K | $45K |
| Legal feesLn 11b | $3K | $3K | ||
| Accounting feesLn 11c | $11K | $11K | ||
| Other fees for servicesLn 11g | $66K | $66K | ||
| Advertising and promotionLn 12 | $79K | $79K | ||
| Conferences, conventions and meetingsLn 19 | $59K | $59K | ||
| Other expenses (24a–d)Ln 24 | $235 | $235 | ||
| Total functional expensesLn 25 | $333K | $191K | $97K | $45K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Sep 16, 2025 | $211K | $333K | −$122K | $5.5M | 990 PDF |
| FY2023Filed with the IRS Apr 23, 2025 | $192K | $197K | −$5K | $5.7M | 990 PDF |
| FY2022Filed with the IRS Apr 23, 2025 | $23K | $323K | −$300K | $5.7M | 990 PDF |
| FY2021Filed with the IRS Nov 14, 2022 | $6.0M | $45K | $6.0M | $6.0M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $210,651 revenue, 12 lines filed
Part VI · Governance 2 of 2 board members independent, 4 to look at
Part VIII · Statement of revenue $210,651 across 4 lines filed
Part IX · Statement of functional expenses $332,855 across 9 lines filed
Part X · Balance sheet $5,534,084 assets, 9 lines filed
Part XI · Reconciliation of net assets $5,528,201 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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