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← SEED EFFECT

Form 990 for tax year 2024

Filed by SEED EFFECT.

What the amendment changed

Compared with the return it replaced , filed 14 May 2025. 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.

Total revenue
$1,121,198 changed to $3,291,628
Total expenses
$1,470,999 changed to $2,270,566
Contributions and grants received
$1,107,917 changed to $3,256,305
Grants paid
$1,025,093 changed to $1,355,810
Investment income
$12,781 changed to $29,235
Other revenue
$500 changed to $6,088
Total assets, end of year
$1,277,778 changed to $2,295,980
Total liabilities, end of year
$29,067 changed to $26,207
Net assets or fund balances, end of year
$1,248,711 changed to $2,269,773
Program services expenses
$1,165,636 changed to $1,592,760
Management and general expenses
$252,552 changed to $486,249
Fundraising expenses
$52,811 changed to $191,557
Program service expenses (Part III)
$1,165,636 changed to $1,592,760

Listed under a different title

  • Jeff Richards: BOARD MEMBER then SECRETARY
  • Lexi Reiff: SECRETARY then VICE CHAIR

Totals

Total revenue
$3,291,628
Total expenses
$2,270,566
Contributions and grants received
$3,256,305
Grants paid
$1,355,810
Program service revenue
$0
Investment income
$29,235
Other revenue
$6,088
Total assets, end of year
$2,295,980
Total liabilities, end of year
$26,207
Net assets or fund balances, end of year
$2,269,773
Program services expenses (Part IX)
$1,592,760
Management and general expenses
$486,249
Fundraising expenses
$191,557
Program service expenses (Part III)
$1,592,760

Program services were 70.1% 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.

  • 1f · All other contributions, gifts and grants

    $3,256,305

  • 3 · Investment income

    total $29,235 · excluded $29,235

  • 8a · Fundraising events: gross income

    $6,088

  • 8c · Net income from fundraising events

    total $6,088

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,355,810 · program services $1,355,810

  • 5 · Compensation of officers, directors and key employees

    total $125,301 · fundraising $125,301

  • 7 · Other salaries and wages

    total $405,527 · program services $175,119 · management and general $222,263 · fundraising $8,145

  • 8 · Pension plan contributions

    total $10,607 · program services $4,961 · management and general -$398 · fundraising $6,044

  • 9 · Other employee benefits

    total $79,689 · program services $12,453 · management and general $49,053 · fundraising $18,183

  • 10 · Payroll taxes

    total $38,119 · program services $10,494 · management and general $14,685 · fundraising $12,940

  • 11b · Fees: legal

    total $1,926 · management and general $1,926

  • 11c · Fees: accounting

    total $24,144 · management and general $24,144

  • 11g · Fees: other

    total $62,575 · management and general $45,325 · fundraising $17,250

  • 12 · Advertising and promotion

    total $8,553 · management and general $8,553

  • 13 · Office expenses

    total $26,215 · program services $30 · management and general $24,764 · fundraising $1,421

  • 14 · Information technology

    total $29,213 · program services $5,825 · management and general $23,388

  • 16 · Occupancy

    total $9,430 · management and general $9,430

  • 17 · Travel

    total $73,489 · program services $26,288 · management and general $47,201

  • 23 · Insurance

    total $2,787 · management and general $2,787

  • 24a · Other expenses: MEMBERSHIPS AND DUES

    total $5,366 · management and general $5,366

  • 24b · Other expenses: STAFF MEALS AND OTHER EXP

    total $4,663 · program services $360 · management and general $4,303

  • 24c · Other expenses: SPECIAL EVENTS

    total $4,377 · management and general $2,172 · fundraising $2,205

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $2,541 · program services $1,420 · management and general $1,121

  • 24e · All other expenses

    total $234 · management and general $166 · fundraising $68

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,018,385 · end of year $978,041

  • 2 · Savings and temporary cash investments

    end of year $430,882

  • 3 · Pledges and grants receivable

    beginning of year $258,243 · end of year $871,471

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,150 · end of year $225

  • 15 · Other assets

    end of year $15,361

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,067 · end of year $8,976

  • 25 · Other liabilities

    end of year $17,231

  • 27 · Net assets without donor restrictions

    beginning of year $843,628 · end of year $1,318,211

  • 28 · Net assets with donor restrictions

    beginning of year $405,083 · end of year $951,562

Mission and programs · 2024

Mission

SEED EFFECT'S MISSION IS TO PLANT THE SEEDS THAT OVERCOME POVERTY BY PROVIDING ACCESS TO ECONOMIC EMPOWERMENT, EDUCATION, AND SPIRITUAL DISCIPLESHIP IN MARGINALIZED COMMUNITIES AROUND THE WORLD.

  • IN JULY 2024 TO JUNE 2025, SEED EFFECT PROVIDED FUNDING THAT ENABLED SEED EFFECT UGANDA, AN INDEPENDENT ORGANIZATION IN UGANDA, TO LAUNCH SAVINGS AND LOAN GROUPS SERVING INDIVIDUALS. THIS CHRIST-CENTERED, SAVINGS-LED MICROFINANCE PROGRAM EMPOWERED THESE INDIVIDUALS TO BUILD CHRISTIAN COMMUNITY, STUDY GOD'S WORD, HAVE A SAFE PLACE TO SAVE, AND ACCESS SMALL LOANS TO SUPPORT INCOME GENERATION. 100% OF THESE GROUP MEMBERS HEARD THE GOSPEL AND HAD ACCESS TO ONGOING DISCIPLESHIP THROUGH WEEKLY MEETINGS AND IN PARTNERSHIP WITH THE LOCAL CHURCH.

    Expenses $1,592,760 · Grants $1,355,810

As filed on the 2024 return.

Listed in Part VII

  • Melissa Williams

    EXECUTIVE DI

    Total calculated
    $125,301
    From this org
    $125,301
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Justin Conner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sharla Langston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Luttrell

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Kent McKeaigg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mike Perry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lexi Reiff

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Richards

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Jim Wilson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
2 March 2026
IRS schema version
2024v5.0
Source object
202620639349301242

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