Seeds 4 Success Inc
- Assets
- $574.1k
- Revenue
- $580.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Annapolis, MD
- Founding
- 01/2012
- Data as of
- 06/2022
- EIN
- 27-2470677
Organization Overview
Seeds 4 Success Inc is located in Annapolis, MD. The organization was established in 2012. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Seeds 4 Success Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seeds 4 Success Inc 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 06/2022, Seeds 4 Success Inc generated $580.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $500.4k during the year ending 06/2022. While expenses have increased by 9.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WORKING TOGETHER AS A COMMUNITY TO PROVIDE CHILDREN FROM LOW-INCOME COMMUNITIES WITH THE SKILLS AND SUPPORT TO ACHIEVE SUCCESS IN SCHOOL AND LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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
FOSTER GRANDPARENTS PROGRAM ACADEMIC SUPPORT BY RETIRED LOW-INCOME SENIORS. IN THIS PROGRAM WE PAIR LOW-INCOME SENIORS FOSTER GRANDPARENTS WITH LOW-INCOME ELEMENTARY AGED STUDENTS. FOSTER GRANDPARENTS WORK ONE-ON-ONE WITH YOUTH TO IMPROVE ACADEMIC PERFORMANCE, DIRECTLY WITHIN THE SCHOOL. THIS PROGRAM IS FUNDED BY THE CORPORATION FOR NATIONAL COMMUNITY SERVICE AND PROVIDES PARTICIPATING SENIORS WITH A STIPEND FOR VOLUNTEERING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Pastrone Executive Director | Officer | 40 | $46,923 |
Corey Galinsky President | OfficerTrustee | 5 | $0 |
Lynne Evans Vice Presdient | OfficerTrustee | 5 | $0 |
Miriam Mellin Treasurer | OfficerTrustee | 5 | $0 |
Donna Stephens Director | Trustee | 1 | $0 |
Jean Mccoy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,579 |
| Related organizations | $0 |
| Government grants | $261,096 |
| All other contributions, gifts, grants, and similar amounts not included above | $314,523 |
| Noncash contributions included in lines 1a–1f | $1,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $580,198 |
| Total Program Service Revenue | $0 |
| Investment income | $181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $580,379 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,440 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,725 |
| Compensation of current officers, directors, key employees. | $29,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,441 |
| Pension plan accruals and contributions | $220 |
| Other employee benefits | $6,828 |
| Payroll taxes | $19,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $23,019 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,652 |
| Travel | $5,243 |
| 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 | $6,431 |
| Insurance | $16,193 |
| All other expenses | $0 |
| Total functional expenses | $500,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,674 |
| Savings and temporary cash investments | $279,692 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,700 |
| 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 | $5,002 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $574,068 |
| Accounts payable and accrued expenses | $13,011 |
| Grants payable | $0 |
| Deferred revenue | $65,154 |
| 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 | $78,165 |
| Net assets without donor restrictions | $390,847 |
| Net assets with donor restrictions | $105,056 |
| 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 | $574,068 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seeds 4 Success Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Ed And Fern Hamel Family Foundation Inc Elkridge, MD PURPOSE: SUPPORT AREA OF GREATEST NEED | $1,000 |
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|---|---|---|
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Service Year Exchange Inc Washington, DC | $7,358,910 | $7,347,919 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Breakfree Education Columbia, MD | $2,710,082 | $3,378,734 |
Us Dream Academy Inc Silver Spring, MD | $1,470,975 | $3,095,850 |
Gwens Girls Incorporated Pittsburgh, PA | $4,688,036 | $4,701,406 |