Seed Global Health Inc
- Assets
- $16.7m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 47
- Location
- Boston, MA
- Founding
- 12/2011
- Data as of
- 03/2023
- EIN
- 45-3064098
Organization Overview
Seed Global Health Inc is located in Boston, MA. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 03/2023, Seed Global Health Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seed Global Health 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 03/2023, Seed Global Health Inc generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $8.6m during the year ending 03/2023. While expenses have increased by 9.5% 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
THE ORGANIZATION STRIVES TO STRENGTHEN HEALTH EDUCATION AND DELIVERY IN PLACES FACING A DIRE SHORTAGE OF HEALTH PROFESSIONALS BY WORKING WITH PARTNER COUNTRIES TO MEET THEIR LONG-TERM HEALTH CARE HUMAN RESOURCE NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEED PLACES DOCTORS, NURSES, AND MIDWIVES AS FACULTY EDUCATORS IN HEALTH TRAINING INSTITUTIONS TO BUILD LOCAL CAPACITY, ENHANCE THE QUALITY OF HEALTH PROFESSIONAL EDUCATION AND CLINICAL CARE, AND INSPIRE FUTURE GENERATIONS OF HEALTH PROFESSIONALS TO SERVE AS CHANGE AGENTS IN THEIR COMMUNITIES.PARTNERING WITH MINISTRIES OF HEALTH AND EDUCATION, MEDICAL AND NURSING SCHOOLS, HOSPITALS, AND HEALTH CENTERS IN AFRICAN COUNTRIES, SEED PROVIDES HUMAN AND MATERIAL RESOURCES TO ENHANCE CLASSROOM EDUCATION AND CLINICAL CARE IN RESOURCE-LIMITED SETTINGS. SEED'S PHYSICIAN AND NURSE EDUCATORS PROVIDE ON-GOING STUDENT EDUCATION AND MENTORSHIP, DESIGN AND ENHANCE CLASSROOM AND CLINICAL CURRICULUM, PROVIDE PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR FACULTY, IMPLEMENT QUALITY IMPROVEMENT INITIATIVES, AND DELIVERY OF HIGH-QUALITY CLINICAL COMPETENCY TRAINING AND SERVICES TO PATIENTS ALONGSIDE LOCAL LEARNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dede Orraca-Cecil Chairperson | OfficerTrustee | 1 | $0 |
Tom Fry Treasurer | OfficerTrustee | 1 | $0 |
Ndeye Koroma Trustee | Trustee | 1 | $0 |
Joel Lamstein Trustee | Trustee | 1 | $0 |
Patty O'hayer Trustee | Trustee | 1 | $0 |
Dr Vanessa Kerry CEO | OfficerTrustee | 24 | $213,774 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faros Office Space Rental | 3/30/22 | $133,224 |
Harvard Pilgrim Health Care Employee Medical Insurances | 3/30/22 | $116,313 |
The General Hospital Corp Contractor | 3/30/22 | $143,221 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $391,377 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,720,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,111,936 |
| Total Program Service Revenue | $96,303 |
| 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 | -$90,165 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,955,226 |
| 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 | $204,797 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $527,610 |
| Compensation of current officers, directors, key employees. | $202,323 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,349,341 |
| Pension plan accruals and contributions | $35,912 |
| Other employee benefits | $530,620 |
| Payroll taxes | $365,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,181 |
| Fees for services: Accounting | $130,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $123,981 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $725,182 |
| Advertising and promotion | $21,563 |
| Office expenses | $454,432 |
| Information technology | $199,343 |
| Royalties | $0 |
| Occupancy | $488,076 |
| Travel | $888,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $137,384 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,257 |
| Insurance | $0 |
| All other expenses | $46,055 |
| Total functional expenses | $8,601,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,106,702 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,277,585 |
| 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 | $146,005 |
| Net Land, buildings, and equipment | $19,832 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,700 |
| Total assets | $16,659,824 |
| Accounts payable and accrued expenses | $361,671 |
| Grants payable | $0 |
| Deferred revenue | $51,697 |
| 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 | $126,222 |
| Total liabilities | $539,590 |
| Net assets without donor restrictions | $3,126,113 |
| Net assets with donor restrictions | $12,994,121 |
| 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 | $16,659,824 |