Growthseed Inc
- Assets
- $241.3k
- Revenue
- $101.7k
- Investments
- $13.0k
- Employees
- 0
- Location
- Northbrook, IL
- Founding
- Data as of
- 12/2021
- EIN
- 85-2383061
Organization Overview
Growthseed Inc is located in Northbrook, IL. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Growthseed 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 12/2021, Growthseed Inc generated $101.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $8.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS PART OF THE ORGANIZATION'S MISSION WE INVESTED TIME AND MONEY INTO RESEARCHING SEVERAL SUSTAINABILITY TOPICS AND BLOGGING ABOUT THEM ON OUR WEBSITE IN ORDER TO SPREAD AWARENESS OF CLIMATE SOLUTIONS TO OUR FOLLOWERS.
GRANT GIVEN TO STREETWISE PARTNERS A PROFESSIONAL MENTORSHIP NONPROFIT THAT FOCUSES ON BUILDING WORKFORCE EQUITY AND CREATING STRONG ESG CULTURES AT PARTNER COMPANIES
GRANT GIVEN TO NATURE CONSERVANCY A PUBLIC CHARITY FOCUSED ON ENVIRONMENTAL PRESERVATION
A SUBSET OF LOAN REPAYMENTS RETURNED TO KIVA AS A CASH DONATION TO SUPPORT OPERATING EXPENDITURES. KIVA IS A PUBLIC CHARITY FOCUSED ON CAUSES ALIGNED WITH GROWTHSEED'S.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rahul C Mehta Director | 2 | $6,000 | |
Rohan C Mehta CEO | 2 | $0 | |
Chirag N Mehta Director | 1 | $0 | |
Sonia C Mehta Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,050 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,901 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$271 |
| Total Revenue | $101,680 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $152 |
| Total operating and administrative expenses | $7,132 |
| Contributions, gifts, grants paid | $1,570 |
| Total expenses and disbursements | $8,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,980 |
| Savings and temporary cash investments | $115,269 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,979 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $118 |
| Total assets | $241,346 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Growthseed Inc has awarded $1,570 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
STREETWISE PARTNERS INC PURPOSE: GRANT TO SUPPORT PROFESSIONAL MENTORSHIP CAUSES ALIGNED WITH GROWTHSEED'S MISSION | $1,000 |
Arlington, VA PURPOSE: GRANT TO PUBLIC FOUNDATION TO SUPPORT CAUSES ALIGNED WITH GROWTHSEED'S MISSION OF SUSTAINABILITY | $500 |
KIVA PURPOSE: REQUIRED PROMOTIONAL FUND TRANSFERS LOAN REPAYMENTS FROM PROMOTIONAL FUNDS THAT ARE RETURNED TO KIVA TO SUPPORT OPERATING EXPENSES | $70 |
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|---|---|---|
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Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
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