Seeds Of Fortune
- Assets
- $193.3k
- Revenue
- $359.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Brooklyn, NY
- Founding
- 07/2015
- Data as of
- 06/2022
- EIN
- 46-5568476
Organization Overview
Seeds Of Fortune is located in Brooklyn, NY. The organization was established in 2015. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. As of 06/2022, Seeds Of Fortune employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seeds Of Fortune 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, Seeds Of Fortune generated $359.0k in total revenue. All expenses for the organization totaled $328.5k during the year ending 06/2022. While expenses have increased by 200.7% per year over the past 3 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
HIGH SCHOOLS SCHOLARS PROGRAM IS A COLLEGE PREP PROGRAM THAT HELPS NYC HS 10TH AND 11TH GRADE MINORITY GIRLS APPLY FOR COLLEGE SHOLARSHIPS AS WELL AS TEACH PROFESSIONAL AND FINANCIAL MANAGEMENT SKILLS. 20 SCHOLARS ARE SELECTED TO PARTICIPATE IN OUR COLLEGE PREP SUMMER BOOT CAMP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEED UNIVERSITY LEADERSHIP PROGRAM HAS THREE SERIES: REGIONAL LEADSERSHIP RETREAT,FINANCIAL EMPOWERMENT DAY AND A SEAT AT THE TABLE NETWORKING EVENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Latoya Jordan Member | Officer | 0 | $0 |
Nicole Perry Member | Officer | 0 | $0 |
April Drummond Treasurer | Officer | 12 | $0 |
Keisha Alleyne Member | Officer | 0 | $0 |
Kadia Tubman Board Member | Officer | 12 | $0 |
Chantel George Member | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $290 |
| Fundraising events | $7,644 |
| Related organizations | $0 |
| Government grants | $351,020 |
| 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 | $358,954 |
| Total Program Service Revenue | $0 |
| Investment income | $29 |
| 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 | $358,983 |
| 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. | $26,654 |
| Compensation of current officers, directors, key employees. | $13,327 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,048 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,755 |
| Payroll taxes | $6,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $350 |
| Fees for services: Accounting | $2,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,862 |
| Advertising and promotion | $118,558 |
| Office expenses | $9,491 |
| Information technology | $12,421 |
| Royalties | $0 |
| Occupancy | $6,965 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,282 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $711 |
| All other expenses | $15,558 |
| Total functional expenses | $328,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,649 |
| Savings and temporary cash investments | $171,613 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| 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 | $193,262 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $193,262 |
| 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 | $193,262 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Seeds Of Fortune has recieved totaling $21,142.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $11,102 |
Spark Youth Nyc Inc New York, NY PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Child Center Of Ny Inc Forest Hills, NY | $26,297,895 | $69,605,197 |
Greater Lawrence Community Action Council Inc Lawrence, MA | $13,811,319 | $36,537,114 |
Roca Inc Chelsea, MA | $28,158,856 | $20,784,215 |
Southeast Bronx Neighborhood Centers Inc Bronx, NY | $6,007,816 | $13,549,762 |
Eastern Orthodox Management Corp Worcester, MA | $21,645,086 | $13,227,405 |
Global Kids Inc New York, NY | $4,141,577 | $7,282,340 |
South Ward Alliance Newark, NJ | $2,683,211 | $6,453,422 |
The Brotherhood Sister Sol Inc New York, NY | $20,180,841 | $12,284,943 |
Youth Improving Non-Profits For Children New York, NY | $6,056,525 | $7,304,563 |
Scan Harbor Inc New York, NY | $5,917,279 | $2,994,479 |
Waterbury Youth Services Inc Waterbury, CT | $1,999,942 | $2,776,043 |
Pittsburgh Botanic Garden Oakdale, PA | $22,430,298 | $2,972,831 |