Seedmoney
- Assets
- $608.4k
- Revenue
- $738.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Scarborough, ME
- Founding
- 11/2003
- Data as of
- 06/2022
- EIN
- 56-2389230
Organization Overview
Seedmoney is located in Scarborough, ME. The organization was established in 2003. According to its NTEE Classification (C40) the organization is classified as: Botanical, Horticultural & Landscape Services, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seedmoney 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, Seedmoney generated $738.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $638.2k during the year ending 06/2022. 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
SEEDMONEY HELPS DISADVANTAGED AND VULNERABLE INDIVIDUALS AND COMMUNITIES TO GAIN ACCESS TO HEALTHY FOODS, ENVIRONMENTALLY SUSTAINABLE GARDENS AND WHOLESOME FORMS OF RECREATION. WE DO THIS BY PARTNERING WITH AND BY PROVIDING FINANCIAL AND TECHNICAL SUPPORT TO A WIDE VARIETY OF SMALL, NONPROFIT CAUSES INTERESTED IN STARTING OR SUSTAINING A FOOD GARDEN PROJECT IN THEIR COMMUNITIES. OUR PARTNERS INCLUDE FOOD BANKS, SCHOOLS, HOMELESS SHELTERS, AND COMMUNITY GARDENS TO NAME BUT A FEW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND OUTREACH. THROUGH OUR WEBSITE, EMAILS, SOCIAL NETWORKING PLATFORMS, ONLINE VIDEOS, CONFERENCES, AND MEDIA OUTREACH, WE REACHED SEVERAL THOUSANDS OF PEOPLE ABOUT THE HEALTH AND SOCIAL BENEFITS OF FOOD GARDENS. KEY ACHIEVEMENTS: OUR EMAIL LIST HAD OVER 24,000 SUBSCRIBERS, OUR FACEBOOK PAGE HAD OVER 57,000 FANS AND OUR YOUTUBE CHANNEL HAD OVER 5300 SUBSCRIBERS.
GRANTS AND CROWDFUNDING PROGRAM: IN 2021-22, WE HELPED OVER 330 PARTNER PROJECTS RAISE FUNDS FOR THEIR WORK THROUGH OUR CROWDFUNDING TOOLS, TRAINING AND GRANTS. BY DOING SO, WE HELPED THEM GROW BIGGER, MORE PRODUCTIVE GARDENS THAT WERE BETTER ABLE TO HELP PEOPLE IN NEED IN THEIR COMMUNITIES TO ENJOY BETTER FOOD, BETTER OPPORTUNITIES FOR LEARNING AND RECREATION AND A GREENER, BETTER QUALITY OF LIFE. WE ESTIMATE THAT THESE GARDEN PROJECTS REACHED 100,000 PEOPLE, HELPING THEM TO GROW 150 TONS OF FOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Doiron Founding Director | OfficerTrustee | 50 | $84,000 |
Jan Maes Board Member | Trustee | 2 | $0 |
Laura Willett Board Member | Trustee | 2 | $0 |
Eric Helmuth Board Member | Trustee | 2 | $0 |
Kyle Neugebauer Board Member | Trustee | 2 | $0 |
Laura Miles Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $731,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $731,070 |
| Total Program Service Revenue | $0 |
| Investment income | $136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,462 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $738,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $496,756 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $34,139 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,000 |
| Compensation of current officers, directors, key employees. | $21,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,572 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82 |
| Fees for services: Accounting | $300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,616 |
| Advertising and promotion | $0 |
| Office expenses | $2,850 |
| Information technology | $9,295 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5 |
| 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 | $720 |
| Insurance | $3,862 |
| All other expenses | $0 |
| Total functional expenses | $638,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $607,812 |
| Savings and temporary cash investments | $0 |
| 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 | $596 |
| Total assets | $608,408 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $84,650 |
| 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 | $84,650 |
| Net assets without donor restrictions | $523,758 |
| 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 | $608,408 |