Seed Public Charter School Of Washington D C
- Assets
- $22.8m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 155
- Location
- Washington, DC
- Founding
- 10/1998
- Data as of
- 06/2022
- EIN
- 52-2099612
Organization Overview
Seed Public Charter School Of Washington D C is located in Washington, DC. The organization was established in 1998. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Seed Public Charter School Of Washington D C employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seed Public Charter School Of Washington D C 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, Seed Public Charter School Of Washington D C generated $14.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $13.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. 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
THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON, DC IS A PUBLIC COLLEGE-PREPARATORY BOARDING SCHOOL WHOSE PRIMARY MISSION IS TO PROVIDE AN OUTSTANDING INTENSIVE EDUCATIONAL PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE OUTSTANDING INTENSIVE RESIDENTIAL EDUCATION PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Desa Sealy Chairman | OfficerTrustee | 2 | $0 |
Huck O'conner Finance Chair | Trustee | 1 | $0 |
David Steinberg Development Committee Chair | Trustee | 1 | $0 |
Rajiv Vinnakota Co-Founder | Trustee | 1 | $0 |
Vasco Fernandes Board Member | Trustee | 1 | $0 |
Lesley Poole Trustee/ CEO Seed Fnd | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meriwether Godsey Food Services (Cafeteria) | 6/29/22 | $959,011 |
A & D Security Security Services | 6/29/22 | $218,952 |
The Seed Foundation Management Fee | 6/29/22 | $960,952 |
Bolona Capital Enterprise Inc Custodial | 6/29/22 | $346,089 |
Dc Public Charter School Board Administrative Fees | 6/29/22 | $139,451 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,825,930 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,298 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,835,228 |
| Total Program Service Revenue | $12,454,267 |
| Investment income | $238,072 |
| 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 | $14,681,107 |
| 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. | $294,876 |
| Compensation of current officers, directors, key employees. | $294,876 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,365,424 |
| Pension plan accruals and contributions | $115,825 |
| Other employee benefits | $817,699 |
| Payroll taxes | $509,516 |
| Fees for services: Management | $726,000 |
| Fees for services: Legal | $19,611 |
| Fees for services: Accounting | $301,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,198,636 |
| Advertising and promotion | $92,772 |
| Office expenses | $413,065 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,193,090 |
| Travel | $20,105 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,023 |
| Interest | $53,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,186,559 |
| Insurance | $156,907 |
| All other expenses | $36,405 |
| Total functional expenses | $13,909,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,421,954 |
| Savings and temporary cash investments | $1,587,716 |
| Pledges and grants receivable | $1,071,043 |
| Accounts receivable, net | $222,603 |
| 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 | $141,872 |
| Net Land, buildings, and equipment | $13,967,987 |
| Investments—publicly traded securities | $1,402,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,192 |
| Total assets | $22,822,339 |
| Accounts payable and accrued expenses | $570,065 |
| 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 | $725,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,543 |
| Total liabilities | $1,332,608 |
| Net assets without donor restrictions | $20,562,960 |
| Net assets with donor restrictions | $926,771 |
| 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 | $22,822,339 |