Seed Coalition
- Assets
- $522.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/2001
- Data as of
- 06/2023
- EIN
- 41-1996613
Organization Overview
Seed Coalition is located in Minneapolis, MN. The organization was established in 2001. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, 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. Seed Coalition 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 06/2023, Seed Coalition generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 15.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IOWA AND MINNESOTA CAMPUS COMPACT STRENGTHENS THE CAPACITY OF COLLEGES AND UNIVERSITIES TO FULFILL THE PUBLIC PURPOSES OF HIGHER EDUCATION THROUGH ITS NETWORK OF 56 CAMPUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECOGNITION PROGRAM - IOWA & MINNESOTA CAMPUS COMPACT HELD ITS ANNUAL RECOGNITION PROGRAM WHERE INSTITUIONS PARTICIPATE BY NOMINATING STUDENTS, STAFF, FACULTY, AND COMMUNITY PARTNERS. EIGHTY-FIVE ENTITIES AND INVIDIVIDUALS WERE HONORED AT THE 2023 PROGRAM FOR EXTRAORDINARY CIVIC AND COMMUNITY ENGAGEMENT LEADERSHIP. SEE SCHEDULE O FOR ADDITIONAL PROGRAM LANGUAGEAMERICORPS PROGRAMS - IOWA & MINNESOTA CAMPUS COMPACT FACILITATES TWO AMERICORPS PROGRAMS SERVING MEMBER CAMPUSES AND COMMUNITY ORGANIZATIONS IN BOTH STATES. THE IAMNCC VISTA COMMUNITY CORPS STRIVES TO ELIMINATE POVERTY THROUGH CAMPUS-COMMUNITY PARTNERSHIPS BY PLACING FULL-TIME CAPACITY BUILDING SUPPORT IN HIGHER EDUCATION INSTITUTIONS AND NONPROFIT ORGANIZATIONS. THE IAMNCC CIVIC LEADERS AMERICORPS PROGRAM FOCUSES ON RETENTION OF COLLEGE STUDENTS WHO IDENTIFY AS FIRST-GENERATION, LOW-INCOME, AND/OR STUDENTS OF COLOR. CAMPUSES UTILIZED MEMBERS TO DEVELOP AND IMPLEMENT PEER-MENTORING AND NEAR-TO-PEER MENTORING FOR THEIR STUDENTS. COALITION BUILDING AND LEARNING PROGRAMS - IOWA & MINNESOTA CAMPUS COMPACT HELD FOUR NETWORK GATHERINGS FOR STAFF AND FACULTY FROM THE NETWORK TO LEARN AND BUILD RELATIONSHIPS BEYOND THEIR CAMPUSES. IAMNCC ALSO CONVENED A PRESIDENTS LEADERSHIP ACADEMY FEATURING RICH HARWOOD IN NOVEMBER 2022 AND A SPECIAL LEARNING EVENT FOR STAFF AND FACULTY ALSO FEATURING RICH HARWOOD ON THE SAME DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Faust Director | Trustee | 2 | $0 |
Annette Parker Past Chair | OfficerTrustee | 2 | $0 |
Barbara Mcdonald Director | Trustee | 2 | $0 |
David Weerts Director | Trustee | 2 | $0 |
Ginny Arthur Treasurer | OfficerTrustee | 2 | $0 |
Janet Schrunk Ericksen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $449,652 |
| All other contributions, gifts, grants, and similar amounts not included above | $361,714 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $811,366 |
| Total Program Service Revenue | $193,872 |
| Investment income | $0 |
| 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 | $1,019,735 |
| 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. | $104,442 |
| Compensation of current officers, directors, key employees. | $9,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $478,967 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,700 |
| Payroll taxes | $36,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,660 |
| Advertising and promotion | $0 |
| Office expenses | $4,069 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,400 |
| Travel | $34,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,534 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $865 |
| Insurance | $2,989 |
| All other expenses | $559 |
| Total functional expenses | $1,000,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,437 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $139,386 |
| 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 | $5,086 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,981 |
| Total assets | $522,890 |
| Accounts payable and accrued expenses | $174,444 |
| Grants payable | $0 |
| Deferred revenue | $20,900 |
| 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 | $20,078 |
| Total liabilities | $215,422 |
| Net assets without donor restrictions | $305,908 |
| Net assets with donor restrictions | $1,560 |
| 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 | $522,890 |