Seeding Success
- Assets
- $14.4m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 27
- Location
- Memphis, TN
- Founding
- 01/2014
- Data as of
- 06/2022
- EIN
- 45-2464843
Organization Overview
Seeding Success is located in Memphis, TN. The organization was established in 2014. 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, Seeding Success employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seeding Success 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, Seeding Success generated $18.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $18.8m during the year ending 06/2022. While expenses have increased by 36.9% 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
SEEDING SUCCESS IS AN ORGANIZATION THAT SUPPORTS AND PROMOTES A "CRADLE TO CAREER" EDUCATION AGENDA IN SHELBY COUNTY. IT SERVES AS A FACILITATOR ADVOCATE, AND PLATFORM FOR COLLABORATION AROUND FOUR GOALS: 1. CHILDREN ENTER KINDEGARTEN READY TO LEARN. 2. YOUTH GRADUATES HIGH SCHOOL "COLLEGE READY". 3. ADULTS EARN CERTIFICATIONS AND DEGREES THAT PREPARE THEM FOR LOCAL CAREERS. 4. TALENT IS ATTRACTED TO AND RETAINED IN SHELBY COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE EDUCATION OUTCOMES AND EXPAND THE TALENT BASE IN MEMPHIS AND SHELBY COUNTY.
TO IMPROVE EDUCATION OUTCOMES AND EXPAND THE TALENT BASE IN MEMPHIS AND SHELBY COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin Baker Secretary | OfficerTrustee | 2 | $0 |
Tequilla Brownie Director | Trustee | 2 | $0 |
Al Bright Director | Trustee | 2 | $0 |
John Daniel Director | Trustee | 2 | $0 |
Kathy Buckman-Gibson Director | Trustee | 2 | $0 |
Tommy Joseph Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Powers Solutions General Contractor | 6/29/22 | $225,334 |
Powers Solutions General Contractor | 6/29/22 | $225,334 |
Ocd Agency Inc Consultant | 6/29/22 | $144,625 |
Ocd Agency Inc Consultant | 6/29/22 | $144,625 |
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 | $17,972,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,972,510 |
| Total Program Service Revenue | $0 |
| Investment income | $1,938 |
| 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 | $18,000,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,800,000 |
| 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. | $194,250 |
| Compensation of current officers, directors, key employees. | $87,412 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,777,275 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,178 |
| Fees for services: Accounting | $68,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,257,284 |
| Advertising and promotion | $0 |
| Office expenses | $200,580 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $230,676 |
| Travel | $74,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $364,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,361 |
| Insurance | $24,256 |
| All other expenses | $0 |
| Total functional expenses | $18,755,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,000,705 |
| Savings and temporary cash investments | $6,192,402 |
| Pledges and grants receivable | $39,451 |
| 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 | $83,256 |
| Net Land, buildings, and equipment | $103,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,419,359 |
| Accounts payable and accrued expenses | $1,683,883 |
| 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 | $4,635,796 |
| Other liabilities | $5,361,156 |
| Total liabilities | $11,680,835 |
| Net assets without donor restrictions | $750,000 |
| Net assets with donor restrictions | $1,988,524 |
| 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 | $14,419,359 |
Grants Awarded
Over the last fiscal year, Seeding Success has awarded $1,800,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEXT MEMPHIS PURPOSE: SUPPORTS INFRASTRUCTURE AND ALLOWS FOR PROGRAMMATIC SUSTAINABILITY | $1,000,000 |
TENNESSEANS FOR QUALITY EARLY EDUCATION PURPOSE: TO ENSURE CHILDREN GET QUALITY EARLY EDUCATION | $800,000 |