Seed Effect
- Assets
- $1.9m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Dallas, TX
- Founding
- 07/2013
- Data as of
- 12/2022
- EIN
- 46-0639137
Organization Overview
Seed Effect is located in Dallas, TX. The organization was established in 2013. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Seed Effect employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seed Effect 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 12/2022, Seed Effect generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 20.5% per year over the past 6 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
SEED EFFECT'S MISSION IS TO PLANT THE SEEDS THAT OVERCOME POVERTY BY PROVIDING ACCESS TO ECONOMIC EMPOWERMENT, EDUCATION, AND SPIRITUAL DISCIPLESHIP IN MARGINALIZED COMMUNITIES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, SEED EFFECT PROVIDED FUNDING THAT ENABLED SEED EFFECT UGANDA, AN INDEPENDENT ORGANIZATION IN UGANDA, TO LAUNCH SAVINGS AND LOAN GROUPS SERVING INDIVIDUALS. THIS CHRIST-CENTERED, SAVINGS-LED MICROFINANCE PROGRAM EMPOWERED THESE INDIVIDUALS TO BUILD CHRISTIAN COMMUNITY, STUDY GOD'S WORD, HAVE A SAFE PLACE TO SAVE, AND ACCESS SMALL LOANS TO SUPPORT INCOME GENERATION. 100% OF THESE GROUP MEMBERS HEARD THE GOSPEL AND HAD ACCESS TO ONGOING DISCIPLESHIP THROUGH WEEKLY MEETINGS AND IN PARTNERSHIP WITH THE LOCAL CHURCH.
IN 2022, SEED EFFECT PROVIDED FUNDING THAT ENABLED SEED EFFECT UGANDA, AN INDEPENDENT ORGANIZATION IN UGANDA, TO LAUNCH SAVINGS AND LOAN GROUPS SERVING INDIVIDUALS. THIS CHRIST-CENTERED, SAVINGS-LED MICROFINANCE PROGRAM EMPOWERED THESE INDIVIDUALS TO BUILD CHRISTIAN COMMUNITY, STUDY GOD'S WORD, HAVE A SAFE PLACE TO SAVE, AND ACCESS SMALL LOANS TO SUPPORT INCOME GENERATION. 100% OF THESE GROUP MEMBERS HEARD THE GOSPEL AND HAD ACCESS TO ONGOING DISCIPLESHIP THROUGH WEEKLY MEETINGS AND IN PARTNERSHIP WITH THE LOCAL CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Williams Executive Di | Trustee | 40 | $111,256 |
Mike Congrove Board Member | Trustee | 1 | $0 |
David Luttrell Board Member | Trustee | 1 | $0 |
Kent Mckeaigg Board Member | Trustee | 1 | $0 |
Andrew Mosier Board Member | Trustee | 1 | $0 |
Lexi Reiff Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $240,640 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,275,318 |
| Noncash contributions included in lines 1a–1f | $10,085 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,515,958 |
| Total Program Service Revenue | $0 |
| Investment income | $3,565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,351 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,511,172 |
| 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 | $1,340,963 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,256 |
| Compensation of current officers, directors, key employees. | $33,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $376,231 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,266 |
| Payroll taxes | $36,742 |
| Fees for services: Management | $11 |
| Fees for services: Legal | $1,219 |
| Fees for services: Accounting | $22,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,341 |
| Advertising and promotion | $14,511 |
| Office expenses | $32,911 |
| Information technology | $19,060 |
| Royalties | $0 |
| Occupancy | $2,525 |
| Travel | $25,810 |
| 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 | $0 |
| Insurance | $3,474 |
| All other expenses | $0 |
| Total functional expenses | $2,126,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,733,805 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $116,394 |
| 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 | $5,074 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,855,273 |
| Accounts payable and accrued expenses | $15,876 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,876 |
| Net assets without donor restrictions | $1,264,292 |
| Net assets with donor restrictions | $575,105 |
| 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 | $1,855,273 |