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Nonprofiteer
← SEED HOUSE PROJECT

Form 990 for tax year 2023

Filed by SEED HOUSE PROJECT.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 10 October 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$1,603,281
Total expenses
$1,234,868
Contributions and grants received
$1,602,309
Grants paid
$0
Program service revenue
$0
Investment income
$165
Other revenue
$807
Total assets, end of year
$1,196,575
Total liabilities, end of year
$68,058
Net assets or fund balances, end of year
$1,128,517
Program services expenses (Part IX)
$1,065,126
Management and general expenses
$47,865
Fundraising expenses
$121,877
Program service expenses (Part III)
$1,065,126

Program services were 86.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $10,250

  • 1f · All other contributions, gifts and grants

    $1,592,059

  • 3 · Investment income

    total $165 · excluded $165

  • 11a · Other revenue: Miscellaneous Revenues

    total $807 · related or exempt $807

  • 11e · Other revenue, total

    $807

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $74,461 · program services $74,461

  • 5 · Compensation of officers, directors and key employees

    total $207,353 · program services $154,938 · management and general $33,407 · fundraising $19,008

  • 7 · Other salaries and wages

    total $267,530 · program services $259,480 · management and general $5,186 · fundraising $2,864

  • 11b · Fees: legal

    total $2,224 · management and general $2,224

  • 11c · Fees: accounting

    total $20,200 · fundraising $20,200

  • 11g · Fees: other

    total $217,859 · program services $144,402 · management and general $4,352 · fundraising $69,105

  • 12 · Advertising and promotion

    total $14,616 · program services $5,762 · management and general $229 · fundraising $8,625

  • 13 · Office expenses

    total $35,450 · program services $33,322 · management and general $1,466 · fundraising $662

  • 16 · Occupancy

    total $181,125 · program services $181,125

  • 17 · Travel

    total $2,595 · program services $2,449 · management and general $97 · fundraising $49

  • 22 · Depreciation, depletion and amortization

    total $9,328 · program services $9,328

  • 23 · Insurance

    total $13,421 · program services $13,421

  • 24a · Other expenses: Equipment 1000

    total $17,467 · program services $17,467

  • 24b · Other expenses: Events and Workshops

    total $10,259 · program services $10,259

  • 24c · Other expenses: Financial Literacy

    total $144 · program services $144

  • 24e · All other expenses

    total $160,836 · program services $158,568 · management and general $904 · fundraising $1,364

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $505,450 · end of year $1,048,225

  • 2 · Savings and temporary cash investments

    beginning of year $194,463

  • 3 · Pledges and grants receivable

    end of year $60,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $68,790 · end of year $21,570

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

    $56,608

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

    $9,328

  • 10c · Land, buildings and equipment, net

    end of year $47,280

  • 15 · Other assets

    beginning of year $19,500 · end of year $19,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,590 · end of year $32,550

  • 22 · Loans and payables to officers and key people

    end of year $16,008

  • 24 · Unsecured notes and loans payable

    beginning of year $19,500 · end of year $19,500

  • 25 · Other liabilities

    beginning of year $5,009

  • 27 · Net assets without donor restrictions

    beginning of year $341,586 · end of year $634,841

  • 28 · Net assets with donor restrictions

    beginning of year $418,518 · end of year $493,676

Mission and programs · 2023

Mission

See Schedule O

  • Seed House Projects mission is to utilize dignified housing as a tool to reshape unhoused young adults inner confidence to enhance social emotional learning, build healthy support systems to heal, and repurpose adversity into a reason of being. We fulfill this mission by providing dignified housing that serves as a foundation for personal growth. We create a safe, supportive environment where unhoused young adults can rebuild their confidence through programs centered on social-emotional learning. By pairing them with mental health professionals, life coaches, and mentors, we help them develop healthy relationships and support systems. Our holistic approach encourages young adults to turn their past adversities into strengths, guiding them toward a purposeful and empowered life.

    Expenses $1,065,126 · Revenue $1,602,309

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Garrett Underwood

    Executive Director

    Total calculated
    $132,676
    From this org
    $126,719
    From related orgs
    $0
    Other
    $5,957
    Hours/week
    40

  • Ryan Tyler

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Matthew Siegrist

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Krystal Sims

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Dr Audrea Humphrey

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Jason Plunket

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Marc Henderson

    Treasurer

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
10 October 2024
IRS schema version
2023v5.1
Source object
202443419349301014

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