Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $4,985,598

• 1g · Noncash contributions included above

  $10,309

• 2a · Program service revenue: SCHOOL FEE

  total $2,740,193 · related or exempt $2,740,193

• 3 · Investment income

  total $39,991 · excluded $39,991

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $450,674 · program services $450,674

• 2 · Grants to domestic individuals

  total $129,699 · program services $129,699

• 5 · Compensation of officers, directors and key employees

  total $796,343 · program services $684,009 · management and general $50,880 · fundraising $61,454

• 7 · Other salaries and wages

  total $1,732,766 · program services $1,488,337 · management and general $110,710 · fundraising $133,719

• 8 · Pension plan contributions

  total $135,760 · program services $116,645 · management and general $9,065 · fundraising $10,050

• 9 · Other employee benefits

  total $294,846 · program services $253,332 · management and general $19,688 · fundraising $21,826

• 10 · Payroll taxes

  total $175,359 · program services $150,674 · management and general $11,769 · fundraising $12,916

• 11b · Fees: legal

  total $19,197 · program services $16,813 · management and general $1,192 · fundraising $1,192

• 11c · Fees: accounting

  total $65,212 · program services $48,909 · management and general $16,303

• 11d · Fees: lobbying

  total $67,739 · fundraising $67,739

• 11g · Fees: other

  total $648,656 · program services $599,264 · management and general $40,363 · fundraising $9,029

• 12 · Advertising and promotion

  total $18,154 · program services $12,541 · management and general $1,895 · fundraising $3,718

• 13 · Office expenses

  total $69,199 · program services $55,572 · management and general $6,787 · fundraising $6,840

• 14 · Information technology

  total $41,600 · program services $39,431 · management and general $850 · fundraising $1,319

• 16 · Occupancy

  total $129,212 · program services $117,971 · management and general $3,747 · fundraising $7,494

• 17 · Travel

  total $245,078 · program services $224,238 · management and general $10,082 · fundraising $10,758

• 19 · Conferences, conventions and meetings

  total $70,296 · program services $55,779 · management and general $5,168 · fundraising $9,349

• 20 · Interest

  total $34,600 · management and general $34,600

• 22 · Depreciation, depletion and amortization

  total $21,444 · program services $16,083 · management and general $5,361

• 23 · Insurance

  total $60,403 · program services $60,403

• 24a · Other expenses: CTS SUPPORT

  total $127,340 · program services $127,340

• 24b · Other expenses: STAFF/LEADERSHIP DEVEL.

  total $54,603 · program services $47,236 · management and general $3,096 · fundraising $4,271

• 24c · Other expenses: SEED NETWORK SUPPORT

  total $26,027 · program services $26,027

• 24d · Other expenses: STAFF RECRUITING

  total $7,866 · program services $7,808 · management and general $58

• 24e · All other expenses

  total $51,101 · program services $43,389 · management and general $4,227 · fundraising $3,485

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,555,209 · end of year $4,034,121

• 3 · Pledges and grants receivable

  beginning of year $360,920 · end of year $857,536

• 9 · Prepaid expenses and deferred charges

  beginning of year $12,670 · end of year $115,883

• 10a · Land, buildings and equipment: cost or other basis

  $4,857,191

• 10b · Land, buildings and equipment: accumulated depreciation

  $128,786

• 10c · Land, buildings and equipment, net

  beginning of year $4,733,841 · end of year $4,728,405

• 15 · Other assets

  beginning of year $1,843,351 · end of year $2,062,028

• 17 · Accounts payable and accrued expenses

  beginning of year $140,454 · end of year $272,205

• 23 · Secured mortgages and notes payable

  beginning of year $1,300,000 · end of year $1,000,000

• 25 · Other liabilities

  beginning of year $24,665 · end of year $192,288

• 27 · Net assets without donor restrictions

  beginning of year $2,877,162 · end of year $4,585,037

• 28 · Net assets with donor restrictions

  beginning of year $5,163,710 · end of year $5,748,443

The filer's explanations (Part III)

PART I, LINE 7

THE BONUS WAS PAID BASED ON PERFORMANCE. THIS WAS DETERMINED BY THE BOARD OF DIRECTORS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• THE SEED SCHOOL OF MIAMI FOUNDATION LLC

  EDUCATIONAL, CHARITABLE · FL · income $4,369 · assets $3,045,291

  Directly controlled by THE SEED FOUNDATION