The Seminar Network Inc
- Assets
- $360.0m
- Revenue
- $278.7m
- Investments
- $89.5m
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-3508366
Organization Overview
The Seminar Network Inc, operating under the name Stand Together Trust, is located in Arlington, VA. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stand Together Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Stand Together Trust generated $278.7m in total revenue. All expenses for the organization totaled $60.6m during the year ending 12/2021. While expenses have increased by 148.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Stand Together Trust has awarded 100 individual grants totaling $143,928,164. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STAND TOGETHER TRUST PROVIDES SUPPORT TO A GROWING NETWORK OF SOCIAL ENTREPRENEURS - THOSE TACKLING THE MAJOR CHALLENGES (SEE SCHEDULE O FOR CONTINUATION)
Describe the Organization's Program Activity:
STAND TOGETHER TRUST PROVIDES SUPPORT TO A GROWING NETWORK OF SOCIAL ENTREPRENEURS - THOSE TACKLING THE MAJOR CHALLENGES OF OUR TIME IN A BROAD RANGE OF SOCIAL AND ECONOMIC ISSUES AND WORKS TO EMPOWER THEM WITH THE TOOLS AND SUPPORT NEEDED TO MAKE A FAR GREATER IMPACT TO HELP PEOPLE IMPROVE THEIR LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Hartnett Treasurer | Officer | 1 | $0 |
Derek Johnson Executive Director | Officer | 1 | $0 |
Brian Menkes President/secretary | Officer | 1 | $0 |
Brian Hooks Director | Trustee | 1 | $0 |
Charles G Koch Director | Trustee | 1 | $0 |
Charles Chase Koch Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Longwell Partners Inc Research Services | 12/30/21 | $950,000 |
Roadtrip Nation Media Services | 12/30/21 | $385,000 |
Envoy Advisory Llc Media Services | 12/30/21 | $156,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $278,583,648 |
| Noncash contributions included in lines 1a–1f | $72,454,269 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $278,583,648 |
| Total Program Service Revenue | $0 |
| Investment income | $80,842 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$158,124 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,674,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,439,788 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,543 |
| Fees for services: Accounting | $11,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,553,995 |
| Advertising and promotion | $398,000 |
| Office expenses | $42,484 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $125,000 |
| Total functional expenses | $60,578,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,796,432 |
| Savings and temporary cash investments | $212,806,640 |
| Pledges and grants receivable | $39,739,250 |
| Accounts receivable, net | $1,421,467 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $75,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,069,015 |
| Investments—other securities | $89,528,718 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,590,432 |
| Total assets | $360,026,954 |
| Accounts payable and accrued expenses | $3,167,360 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,167,360 |
| Net assets without donor restrictions | $356,859,594 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $360,026,954 |
Grants Awarded
Over the last fiscal year, The Seminar Network Inc has awarded $57,434,788 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
Fairfax, VA PURPOSE: General Operating Support | $11,665,352 |
Glencoe, IL PURPOSE: General Operating Support | $7,915,000 |
Arlington, VA PURPOSE: General Operating Support | $7,500,000 |
Arlington, VA PURPOSE: General Operating Support | $4,040,000 |
Arlington, VA PURPOSE: General Operating Support | $3,996,444 |
Logan, UT PURPOSE: General Operating Support | $3,310,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that The Seminar Network Inc has recieved totaling $2,135,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $1,500,000 |
Stand Together Foundation Arlington, VA PURPOSE: General Operating | $150,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $150,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $125,000 |
Rodel Foundation Phoenix, AZ PURPOSE: COMMUNITY CONCERN | $100,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Seminar Network Inc Arlington, VA | $360,026,954 | $278,674,897 |
West Virginia University Medical Corporation Morgantown, WV | $21,363,966 | $59,205,918 |
Old Dominion Land Conservancy Inc Purcellville, VA | $5,990,691 | $40,101,797 |
Maryland Innovation And Security Institute Inc Baltimore, MD | $10,081,190 | $24,715,450 |
Community Action Council Of Howard County Md Inc Columbia, MD | $15,922,810 | $23,897,066 |
Cal Ripken Sr Foundation Inc Baltimore, MD | $24,973,997 | $16,406,660 |
American Association For Clinical Chemistry Inc Washington, DC | $31,632,986 | $18,150,460 |
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Aids United Washington, DC | $16,240,693 | $19,019,266 |
Media Matters For America Washington, DC | $25,734,430 | $18,794,929 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
Appletree Institute For Education Innovation Inc Washington, DC | $11,136,365 | $16,950,350 |