2023-11-15T18:18:17-05:00 2022-12-31 205855985 WATERS & COMPANY LLC 3311 CANDELARIA NE SUITE J ALBUQUERQUE NM 871071952 990 2022-01-01 842181021 SECONDMUSE FOUNDATION SECO 5148068023 401 ASH ST SUITE B LAKE OSWEGO OR 97034 ERICA BARBOSA TREASURER 9524869062 2023-11-15 true ERICA BARBOSA 999009999 true OLLIE D WATERS P00072561 5052600616 2023-11-15 2022 2023-04-26 12:10:37Z X NICOLE MCDONALD 401 ASH ST SUITE B LAKE OSWEGO OR 97034 5727123 false X SECONDMUSEFOUNDATION.ORG X 2019 DE 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. 6 4 18 0 9612360 5711605 0 350 15518 47 0 9612757 5727123 139500 646327 0 1077767 1515615 0 0 3169737 4516082 4387004 6678024 5225753 -950901 7771916 7411487 1075667 1666139 6696249 5745348 X 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. false false 5954904 646327 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. 5954904 true true false false false false false false false false false false false false false true true false false false true true false false false false false true false false false false false false false false false true false false false false false false false false false true 64 0 18 true false false false false false false false false X 6 4 true false false false false false false true true false false true true true true true true true true false DE X X ERICA BARBOSA 5148068023 401 ASH ST SUITE B LAKE OSWEGO OR 97034 X NICOLE MCDONALD PRESIDENT X X 0 0 0 ERICA BARBOSA TREASURER X X 0 0 0 TODD KHOZEIN DIRECTOR X 0 0 0 CARRIE FREEMAN DIRECTOR X 0 0 0 ANTHONY JEWETT DIRECTOR X 0 0 0 SARAH OWEN DIRECTOR X 0 0 0 false false false SECONDMUSE LLC PO BOX 582 BERNALILLO NM 87004 CONSULTING 1921056 SERWAH AFRIYIE 4808 WASHTENAW AVE APT A8 ANN ARBOR MI 48108 CONSULTING 102423 2 5711605 5711605 15518 15518 5727123 15518 X 569327 569327 77000 77000 1349323 1207907 141416 62284 55756 6528 104008 93107 10901 13961 13961 3907248 3464829 442419 25719 25719 117689 114462 3227 79844 9168 70676 62433 62433 158637 131100 27537 2860 360 2500 4272 716 3556 MISCELLANEOUS 87079 86770 309 AWARDS & GRANTS 56000 56000 LICENSES & PERMITS 340 250 90 6678024 5954904 723120 0 2169243 838925 5596862 6430546 141600 5811 416 7771916 7411487 1031193 1666139 44474 1075667 1666139 X 5679107 1427150 1017142 4318198 6696249 5745348 7771916 7411487 -950901 X false true X true false X 1699029 2298429 9612360 5711605 19321423 1699029 2298429 9612360 5711605 19321423 19321423 3 350 15518 15871 47 47 19337341 47 X PART II, LINE 10 47 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 5727123 5727123 5727123 6678024 6678024 6678024 SCHEDULE D, PAGE 3, PART X SECONDMUSE FOUNDATION ANNUALLY EVALUATES ALL FEDERAL AND STATE INCOME TAX POSITIONS. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER THESE INCOME TAX POSITIONS THE ORGANIZATION TAKES MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS CODIFICATION. AS OF DECEMBER 31, 2022, THERE WERE NO UNCERTAIN TAX POSITIONS NOTED. SECONDMUSE FOUNDATION'S' POLICY IS TO CLASSIFY INCOME TAX PENALTIES AND INTEREST, WHEN APPLICABLE, ACCORDING TO THEIR NATURAL CLASSIFICATION. true INDIA PROGRAM TECHNOLOGY CONSULTIN SINGAPORE PROGRAM ENTREPRENEURSHIP 17000 THAILAND PROGRAM ENVIRONMENTAL 60000 77000 77000 ENVIRONMENTAL 15000 EFT ENVIRONMENTAL 15000 EFT ENVIRONMENTAL 42000 EFT 6 false false false false false false SCHEDULE F, PAGE 1, PART I, LINE 2 EACH 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. SCHEDULE F, PAGE 1, PART I, LINE 3 INDIA 0 0 SINGAPORE 17,000 0 THAILAND 60,000 0 true P33 1234 W FULTON MARKET CHICAGO IL 60607 832851368 501C3 50000 SUPPORT ENTREPRENEUR OPPORTUNITY HUB 1175 PEACHTREE STREET SUITE 1000 ATLANTA GA 30361 187500 MINORITIES IN TECH BITWISE IMPACT 700 VAN NESS AVE FRESNO CA 93721 464127911 501 C3 12500 WORKFORCE DIVERSITY CIRCULATE INITIATIVE 111 WOOD AVE S ISELIN NJ 08830 834505154 501 C3 39328 ENVIRONMENTAL MIAMI FOUNDATION 40 NW 3RD STREET SUITE 305 MIAMI FL 33128 650350357 501 C3 112000 PHILANTHROPHY LATINAS IN TECH 455 MORAGA RD STE I MORAGA CA 94556 831493724 501 C3 10000 MINORITIES IN TECH ILLINOIS SCIENCE AND TECHNOLOGY COA 20 N WACKER DRIVE SUITE 1200 CHICAGO IL 60606 352334171 501 C3 18000 ECONOMIC DEVELOPMENT DEPAUL UNIVERSITY 1 E JACKSON BLVD CHICAGO IL 60604 362167048 501 C3 40000 EDUCATION CHICAGO BLEND GROUP 2833 N BURLING ST APT 2N CHICAGO IL 60657 852034595 501 C3 99999 DIVERSITY IN VC 7 2 SECONDMUSE LLC MEMBER 25% OWNER false SECONDMUSE LLC MEMBER 25% OWNER false SCHEDULE L, PART V TODD KHOZEIN, AND CARRIE FREEMAN EACH OWN A 25% SHARE OF SECONDMUSE LLC. SECONDMUSE LLC PROVIDES SERVICES TO THE SECONDMUSE FOUNDATION. FORM 990, PAGE 1, ITEM B FORM AMENDED FOR THE ISSUANCE OF THE AUDIT 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 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. 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. FORM 990, PART IX, LINE 11G CONTRACTORS 3,464,829 442,419 0