Seed Foundation Inc

Organization Overview

Seed Foundation Inc is located in Washington, DC. The organization was established in 1997. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, Seed Foundation Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seed Foundation 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 06/2022, Seed Foundation Inc generated $5.9m 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 $4.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE SEED FOUNDATION IS A NATIONAL NONPROFIT THAT PARTNERS WITH (CONTINUED ON SCHEDULE O) URBAN COMMUNITIES TO PROVIDE INNOVATIVE EDUCATIONAL OPPORTUNITIES THAT PREPARE UNDERSERVED STUDENTS FOR SUCCESS IN COLLEGE AND BEYOND.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SEED FOUNDATION CONTINUES TO MANAGE THE GROWTH OF THE SEED SCHOOL OF MIAMI. IN ADDITION, THE SEED FOUNDATION CONTINUES TO EXPLORE OTHER OPPORTUNITIES.


TO PROVIDE SUPPORT AROUND FINANCE AND OTHER OPERATION SUPPORT.


SUPPORT SEED SCHOOL GRADUATES IN THEIR TRANSITION TO COLLEGE.


IMPROVE SEED SCHOOL EDUCATIONAL PROGRAM MODEL.


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Board, Officers & Key Employees

Name (title)Compensation
Lesley Poole
Chief Executive Officer
$283,716
Eileen Shields-West
Chair
$0
Christopher Buchbinder
Co-Vice Chair
$0
Ann B Friedman
Co-Vice Chair
$0
Derek M Abruzzese
Director
$0
Earl Adams Jr
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Marks Thomas Architects
Architectural Services
$572,428
Regan Associates Llc
Construction Management
$300,437
Langan Engineering And Environmental Ser
Engineering Services
$153,824
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $213,085
All other contributions, gifts, grants, and similar amounts not included above$3,301,401
Noncash contributions included in lines 1a–1f $13,666
Total Revenue from Contributions, Gifts, Grants & Similar$3,514,486
Total Program Service Revenue$2,210,061
Investment income $153,121
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 $5,877,668

Peer Organizations

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