Support For Educational And Economic Development
- Assets
- $3.7m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- 02/2010
- Data as of
- 12/2023
- EIN
- 27-1309131
Organization Overview
Support For Educational And Economic Development, operating under the name Seed, is located in Plano, TX. The organization was established in 2010. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seed 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 12/2023, Seed generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 18.1% per year over the past 5 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 2021, Seed has awarded 12 individual grants totaling $286,700. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACHIEVE OPTIMUM EDUCATIONAL & HEALTHCARE STANDARDS BY IMPROVING LITERACY STATUS AND QUALITY OF LIFE IN THE ECONOMICALLY UNDER DEVELOPED AREAS IN INDIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
- PROVIDED FINANCIAL AID FOR EDUCATION OF 14,000 POOR CHILDREN IN 43 SCHOOLS IN INDIA. - GRANTED 2,003 SCHOLARSHIPS FOR COLLEGE EDUCATION FOR POOR STUDENTS. - PROVIDED FUNDING TO BUILD AN UNFINISHED PRIMARY SCHOOL BUILDING IN A SMALL VILLAGE IN WEST BENGAL FOR 150 CHILDREN
PROVIDED FREE OF COST VOCATIONAL AND SKILLS TRAINING FOR EMPLOYMENT TO YOUTHS.
PROVIDED FINANCIAL SUPPORT TO 950 FAMILIES THAT INCLUDES WIDOWS, DIVORCED AND SINGLE MOTHERS, TO PAY FOR THEIR DAY TO DAY EXPENSES AND FOR THE EDUCATION OF THEIR CHILDREN.
- PROVIDED FUNDING FOR 18 CLINICS TO PROVIDE FREE PRIMARY CARE AS WELL AS DIABETIC CARE OF 380,000 NEEDY. - PROVIDED FUNDING FOR TWO DIALYSIS CENTERS THAT PROVIDES FREE DIALYSIS TREATMENTS TO THE NEEDY. - OPERATED TWO WOMEN HEALTH WELNESS CENTERS THAT OFFERED WEIGHT LOSS PROGRAMS UNDER THE GUIDANCE OF TRAINIED INSTRUCTORS. - DONATED ONE ULTRA-SOUND MACHINE TO A CHARITABLE DIAGNOSTIC CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Habeebur Rahman Quadri President | OfficerTrustee | 2 | $0 |
Dr Raziuddin Syed Hussaini Vice Preside | OfficerTrustee | 1 | $0 |
Ms Zeba Siddiqui Secretary | OfficerTrustee | 1 | $0 |
Salahuddin Saiyad Ahmad Treasurer | OfficerTrustee | 1 | $0 |
Dirasath Qureshi Board Of Dir | Trustee | 2 | $0 |
Mirza Munawar Baig Vice Preside | Trustee | 2 | $0 |
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 | $3,041,061 |
| Noncash contributions included in lines 1a–1f | $149,293 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,041,061 |
| Total Program Service Revenue | $0 |
| Investment income | $190,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,518 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,262,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $177,800 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,221,480 |
| 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 | $0 |
| Fees for services: Accounting | $2,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $49,562 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,568 |
| Travel | $12,758 |
| 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 | $26,067 |
| Total functional expenses | $2,685,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,363,815 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,373 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,335,915 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,716,103 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,716,103 |
| 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 | $3,716,103 |
Grants Awarded
Over the last fiscal year, Support For Educational And Economic Development has awarded $177,800 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TWOCIRCLESNET PURPOSE: JOURNALIST TRAINING | $16,500 |
TAUS FOUNDATION PURPOSE: TEACHER TRAINING | $22,000 |
INDIAN MUSLIM RELIEF & CHARITIES PURPOSE: EDUCATION FOR CHILDR | $15,000 |
ISLAMIC MEDICAL ASSOCIATION OF N A PURPOSE: MEDICAL RELIEF | $25,000 |
ISLAMIC OASIS PURPOSE: MEDICAL RELIEF | $14,300 |
EAST PLANO ISLAMIC CENTER PURPOSE: EARTHQUAKE RELIEF | $15,000 |