Seeds 4 Life Inc
- Assets
- $491.0k
- Revenue
- $924.6k
- Investments
- $0.0
- Employees
- 27
- Location
- Englewood, OH
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 80-0731492
Organization Overview
Seeds 4 Life Inc is located in Englewood, OH. The organization was established in 2014. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2022, Seeds 4 Life Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seeds 4 Life 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 12/2022, Seeds 4 Life Inc generated $924.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 9.9% per year over the past 7 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
PROVIDES GROUP HOME FOR YOUTH AGES 7 TO 20. PROGRAM TEACHES INDEPENDENT LIVING AND PROVIDES CLOTHING, FOOD, SHELTER, TRANSPORTATION, ACTIVITIES ETC. ALL YOUTH IN THE HOME ARE PLACED BY A COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES GROUP HOME FOR YOUTH AGES 7 TO 20. PROGRAM TEACHES INDEPENDENT LIVING AND PROVIDES CLOTHING, FOOD, SHELTER, TRANSPORTATION, ACTIVITIES ETC. ALL YOUTH IN THE HOME ARE PLACED BY A COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
La Diamond Chambers Director | OfficerTrustee | 40 | $143,000 |
Arthur Clark Co Chairman | OfficerTrustee | 40 | $42,875 |
Terence Chambers Treasurer | Trustee | 2 | $18,495 |
James Walters CFO | Trustee | 8 | $9,038 |
Jeralyn Ogleby 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 | $14,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,641 |
| Total Program Service Revenue | $907,135 |
| Investment income | $141 |
| 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 | $924,644 |
| 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. | $213,408 |
| Compensation of current officers, directors, key employees. | $17,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $397,314 |
| Pension plan accruals and contributions | $24,821 |
| Other employee benefits | $19,569 |
| Payroll taxes | $54,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,225 |
| Advertising and promotion | $0 |
| Office expenses | $9,093 |
| Information technology | $318 |
| Royalties | $0 |
| Occupancy | $172,052 |
| Travel | $24,067 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200 |
| Interest | $9,064 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,975 |
| Insurance | $34,571 |
| All other expenses | $72,017 |
| Total functional expenses | $1,077,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,185 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $136,946 |
| 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 | $30,253 |
| Net Land, buildings, and equipment | $125,595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $490,979 |
| Accounts payable and accrued expenses | $25,130 |
| 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 | $77,088 |
| Other liabilities | $0 |
| Total liabilities | $102,218 |
| Net assets without donor restrictions | $388,761 |
| 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 | $490,979 |