Seed Daycare
- Assets
- $5.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Minneapolis, MN
- Founding
- 05/1992
- Data as of
- 06/2022
- EIN
- 41-1677034
Organization Overview
Seed Daycare is located in Minneapolis, MN. The organization was established in 1992. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Seed Daycare employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seed Daycare 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, Seed Daycare generated $2.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. 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
SEED DAYCARE IS A NON-PROFIT ENTITY WHOSE OPERATIONS CONSIST OF RENTING SPACE TO CHARTER SCHOOLS AND PROVIDING CHILDCARE, EDUCATIONAL, AND CULTURAL ENRICHMENT PROGRAMS TO CHILDREN IN GRADES K-8, AND OPERATING A FULL-DAY LICENSED PRE-SCHOOL PROGRAM FOR CHILDREN AGES 33 MONTHS TO 5 YEARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEED DAYCARE RENTS SPACE A CHARTER SCHOOL THAT SERVES APPROXIMATELY 1,109 CHILDREN.
SEED DAYCARE OPERATES A FULL-DAY LICENSED PRE-SCHOOL PROGRAM FOR CHILDREN AGES 33 MONTHS TO 5 YEARS. SEED DAYCARE SERVES APPROXIMATELY 30 CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ella Mahmoud Executive Director | Officer | 40 | $245,950 |
Alexis Raybon Board Member | Trustee | 1 | $0 |
Aretta-Rie Johnson Board Member | Trustee | 1 | $0 |
Steven Wilson Board Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $196,899 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,899 |
| Total Program Service Revenue | $37,468 |
| Investment income | $221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,943,024 |
| 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 | $2,177,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $309,930 |
| Compensation of current officers, directors, key employees. | $40,291 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,420 |
| Payroll taxes | $24,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,068 |
| Fees for services: Accounting | $50,793 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,589 |
| Advertising and promotion | $3,468 |
| Office expenses | $55,995 |
| Information technology | $7,975 |
| Royalties | $0 |
| Occupancy | $294,388 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,191 |
| Interest | $392,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $404,182 |
| Insurance | $90,039 |
| All other expenses | $7,713 |
| Total functional expenses | $2,064,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,565 |
| Savings and temporary cash investments | $956,061 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,152 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,084 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $167,209 |
| Net Land, buildings, and equipment | $4,394,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,530 |
| Total assets | $5,618,124 |
| Accounts payable and accrued expenses | $754,638 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $43,530 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,530,615 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $194,467 |
| Total liabilities | $5,523,250 |
| Net assets without donor restrictions | $94,874 |
| 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 | $5,618,124 |