The Seminar Network Inc

Nonprofit profile at a glance

EIN
463508366
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2013
Location
Arlington, VA, USA
Phone
7032147118
Rating
83
Verdict
STRONG
Rating confidence
Standard
Sector
Education N.E.C.

Reported finances

Revenue
$172,644,390
Expenses
$158,681,471
Assets
$303,757,058
Liabilities
$71,522,280

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • Derek Johnson (Executive Director)

Highest reported compensation

  • Russell Greene (Senior Fellow, Economic Progress): $240,616 total reported compensation
  • Adam Millsap (Senior Fellow, Economic Progress): $234,159 total reported compensation
  • Vikrant Reddy (Senior Fellow, Constitutionally Limited Government): $212,631 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Stand together trust funds initiatives that support bottom-up solutions by empowering people through key institutions like business, communities, education, and government.

What it reported doing in 2024

Stand together trust connects social entrepreneurs and policy innovators with resources-funding, incubation, talent, and strategic support-to accelerate their impact and address the root causes of our country's toughest challenges.

Operating model

Revenue model
Affiliate-supported. 69% of the money available for current operations came from contributions from related organizations.
Distribution model
Grant intermediary. The nonprofit sent 87% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 95
  • Transparency & Controls: 66
  • Accountability: 85
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.2%; rating input score 93
  • Program expense ratio: 95.7%; rating input score 96
  • Fundraising efficiency: $256,776.38 raised per $1 spent on fundraising; rating input score 100; 100th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 50th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 75%; rating input score 75; 24th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8.1%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 1.91; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 0.7%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 25.1% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 20.2% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 21% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 93.2% of revenue deployed · 95.7% of spending went to programs
  • Governance: 3 of 4 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $151.9M in reported program spending
  • Leadership: top reported pay $241K · 12 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $7.5M reported
  • Consistency: 37 of 38 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 17 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.