EIN 84-2181021

Secondmuse Foundation

IRS 501(c) type
501(c)(3)
Num. employees
18
State
Year formed
2019
Most recent tax filings
2022-12-01
Description
The Secondmuse Foundation fosters and develops diverse, participatory innovation communities that incubate solutions to social, economic, and environmental issues. They facilitate the ability of private individuals and organizations to work together towards these solutions. In 2021, they successfully implemented the second year of the GET Cities program in Chicago, Washington DC, and Miami FL. They also implemented the first year of NEFO TIN.
Total revenues
$5,727,123
2022
Total expenses
$6,678,024
2022
Total assets
$7,411,487
2022
Num. employees
18
2022

Program areas at Secondmuse Foundation

Get cities our flagship program since 2019, works to build a more inclusive future in tech, starting at the city level. Our approach is being implemented in chicago, Washington dc, and miami, which launched in march 2022. Across our portfolios, get cities hosted or co-hosted 112 events bringing people together around ecosystem building, workforce development, and entrepreneurship, inviting about 40 speakers to share their experience and expertise with more than 2,000 attendees helping them to increase their knowledge. We also spoke on 20 panels, worked with 71 new local and national partners, and added 200 organizations to our network of over 1,000 peer organizations. We supported venture fellows, sponsored a series of pitch competitions to techstars, supported deaf women of color to get hired into cybersecurity roles, and provided grants and tech support to small businesses. Tech equity working group through our tech equity working group, which collaboratively designs city-wide solutions and collective infrastructure to address gender and racial inequities for marginalized founders in chicago, it was possible to raise 8.8m. We kicked off network building with a road show in san francisco and techstars foundercon to bring exposure to the exciting founders coming out of chicago and to build connections across a broader national ecosystem. Headstream we sponsored the national innovation program focused on creating a just and thriving digital economy that supports the wellbeing of young people through a new phase of work and contract process with pivotal ventures. We sponsored the initiative from aug 2021-feb 2022. During this time the project designed its 5 year program, which included impact measurement integration and sustainability planning; the launch of the headstream accelerator; and youth program codification. It also identified program participants and a fiscal sponsor (arabella advisors). Once our sponsorship ended, we served as part of the advisory board for the rest of the year. Black tech street in partnership with Secondmuse llc, we have fully supported this innovative initiative with a vision for the rebirth of tulsas black wall street as the new global center for black-owned technology companies. In addition to our sponsorship, we also serve on the advisory board. We have been thrilled to see black tech street covered on various media outlets including cnn, forbes and csr wire. In 2022, it successfully developed a 10-year strategy for the creation of a thriving black techecosystem in tulsa. They also conducted a catalytic factor analysis using digital delta, a tool that was initially developed for headstream. This helped to identify which factor would be most catalytic to solve in the building of black tech street. The founder, tyrance billingsley, said: innovations that change the world dont come from politics; they come from entrepreneurship. Tech companies, including microsoft, have located branches in tulsa, and they are actively recruiting inclusive capital collective the inclusive capital collective (icc) is a growing network of community fund managers and entrepreneur support organizations designing and developing shared technical and financial infrastructure for aggregating and deploying financial capital and other resources to entrepreneurs and communities of color in the us. The network is supported by various funders, including a three- year grant from the economic development administration. In 2022, their individual membership increased from 100 to 250. Several events were held in Pennsylvania, chicago, and Colorado, which brought together communities from across funders, entrepreneur support organizations, and policymakers for facilitated working sessions and discussions focused on trauma-informed financial programming and products. The icc also published 3 black papers, which highlighted the need for relationship-based lending to drive equity. We supported the icc in publishing 30 capital innovator spotlight interviews that are featured on its community platform. Through these profile pages, readers gain insight into the inclusive capital collectives unique approach to advancing economic equity and social justice. Each profile highlights the icc members personal journey, professional achievements, and their unwavering commitment to using their skills, knowledge, and resources to create a more inclusive and equitable financial ecosystem. The incubation network with support from the ecca family Foundation, the program tackles plastic leakage and advances a circular economy by supporting startups across all maturity stages and scaling their early-stage or pre- investment innovations together with key industry stakeholders. With our support they received a grant from the german federal ministry for economic cooperation and development (bmz) to conduct single use plastic challenges in 5 countries. These challenges were completed successfully: 19 in india, 12 in thailand, 37 in indonesia, 17 in vietnam, and 6 in the philippines. At the completion of the challenges, lessons learned and insight reports were published. During the challenge pilots, 76 startups and 8 esos, 16 smes, and 57 ventures were supported, and a total of 934.7 kg of plastics was estimated to have been avoided. Fundraising achievements throughout 2022, we were proud to raise funds and sponsored projects. This included grant funds received from the german federal ministry for economic cooperation and development (bmz) to implement for the incubation networks single use plastic challenges. We also fiscally sponsored projects such as headstream and black tech street, which is a project funded by multiple donors. We drafted a fundraising strategy to pursue more funding opportunities that are aligned with our ambition and mission. We expect this strategy to guide the efforts to raise additional funding in fy 2023. Operational achievements throughout the year we worked to oversee project budgets so that they were spent efficiently, effectively, and on time, conduct due diligence on sponsored projects to minimize and mitigate risks, as well as making sure donor reports were submitted on time. These efforts included managing 85 sub-grants and contracts awarded in the year 2022. To support this fundraising effort as well as to introduce our strategic vision, a new website was developed towards the end of the fiscal year 2022 and launched in the first quarter of 2023.

Grants made by Secondmuse Foundation

GranteeGrant descriptionAmount
The Miami FoundationPhilanthrophy$112,000
ChicagoBlend GroupDiversity in VC$99,999
P33Support Entrepreneur$50,000
...and 5 more grants made

Who funds Secondmuse Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Visa FoundationTo Support the "envision"define" Phases of the Future Economy Labs Asia Program$500,000
Tulsa Community FoundationGeneral Operations$109,723
Monterey Peninsula Foundation (MPF)Operating Support$50,000

Personnel at Secondmuse Foundation

NameTitleCompensation
Carrie FreemanInterim Executive Director$0
Chad BadiyanPresident$0
Victoria SantamarinaManaging Director, Get Miami
Casey KoppelsonDirector of Operations, Get Cities
Sarah A. OutlandDirector of Research, Get Cities
...and 3 more key personnel

Financials for Secondmuse Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$5,711,605
Program services$0
Investment income and dividends$15,518
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,727,123

Form 990s for Secondmuse Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122023-08-19990View PDF
2020-122022-08-11990View PDF
2020-122022-02-06990View PDF
2019-122022-08-11990View PDF
...and 1 more Form 990

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Data update history
September 21, 2024
Received grants
Identified 2 new grant, including a grant for $500,000 from Visa Foundation
April 25, 2024
Updated personnel
Identified 4 new personnel
January 2, 2024
Used new vendors
Identified 1 new vendor, including
December 29, 2023
Received grants
Identified 1 new grant, including a grant for $109,723 from Tulsa Community Foundation
December 1, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCommunity service nonprofitsCharities
Issues
Community improvement
Characteristics
Operates internationallyTax deductible donationsFiscal sponsorAccepts online donations
General information
Address
401 Ash St Suite B
Lake Oswego, OR 97034
Metro area
Portland-Vancouver-Hillsboro, OR-WA
County
Clackamas County, OR
Website URL
secondmusefoundation.org/ 
Phone
(514) 806-8023
IRS details
EIN
84-2181021
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S80: Community Service Clubs
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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