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← SEED EFFECT

Form 990 for tax year 2022

Filed by SEED EFFECT.

What the amendment changed

Compared with the return it replaced , filed 1 May 2023. 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
$2,511,172
Total expenses
$2,126,896
Contributions and grants received
$2,515,958
Grants paid
$1,340,963
Program service revenue
$0
Investment income
$3,565
Other revenue
-$8,351
Total assets, end of year
$1,855,273
Total liabilities, end of year
$15,876
Net assets or fund balances, end of year
$1,839,397
Program services expenses (Part IX)
$1,569,937
Management and general expenses
$304,701
Fundraising expenses
$252,258
Program service expenses (Part III)
$1,569,937

Program services were 73.8% 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.

  • 1c · Fundraising events

    $240,640

  • 1f · All other contributions, gifts and grants

    $2,275,318

  • 1g · Noncash contributions included above

    $10,085

  • 3 · Investment income

    total $3,565 · excluded $3,565

  • 8a · Fundraising events: contributions included on line 1c

    $240,640

  • 8b · Fundraising events: direct expenses

    $8,351

  • 8c · Net income from fundraising events

    total -$8,351

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,340,963 · program services $1,340,963

  • 5 · Compensation of officers, directors and key employees

    total $111,256 · program services $33,377 · management and general $33,377 · fundraising $44,502

  • 7 · Other salaries and wages

    total $376,231 · program services $170,256 · management and general $108,988 · fundraising $96,987

  • 9 · Other employee benefits

    total $50,266 · program services $1,597 · management and general $1,193 · fundraising $47,476

  • 10 · Payroll taxes

    total $36,742 · program services $11,799 · management and general $2,070 · fundraising $22,873

  • 11a · Fees: management

    total $11 · management and general $11

  • 11b · Fees: legal

    total $1,219 · management and general $1,219

  • 11c · Fees: accounting

    total $22,468 · management and general $22,468

  • 11g · Fees: other

    total $54,341 · management and general $47,699 · fundraising $6,642

  • 12 · Advertising and promotion

    total $14,511 · management and general $11,458 · fundraising $3,053

  • 13 · Office expenses

    total $32,911 · program services $1,338 · management and general $31,362 · fundraising $211

  • 14 · Information technology

    total $19,060 · program services $1,181 · management and general $17,879

  • 16 · Occupancy

    total $2,525 · management and general $2,508 · fundraising $17

  • 17 · Travel

    total $25,810 · program services $9,394 · management and general $13,731 · fundraising $2,685

  • 23 · Insurance

    total $3,474 · management and general $3,445 · fundraising $29

  • 24a · Other expenses: SPECIAL EVENTS

    total $26,807 · management and general $399 · fundraising $26,408

  • 24b · Other expenses: MISC EXP

    total $8,301 · program services $32 · management and general $6,894 · fundraising $1,375

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,266,867 · end of year $1,733,805

  • 3 · Pledges and grants receivable

    beginning of year $199,681 · end of year $116,394

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,660 · end of year $5,074

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,087 · end of year $15,876

  • 27 · Net assets without donor restrictions

    beginning of year $907,253 · end of year $1,264,292

  • 28 · Net assets with donor restrictions

    beginning of year $547,868 · end of year $575,105

Mission and programs · 2022

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 2022, 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 $1,569,937 · Grants $1,340,963

As filed on the 2022 return.

Listed in Part VII

  • Melissa Williams

    EXECUTIVE DI

    Total calculated
    $111,256
    From this org
    $111,256
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mike Congrove

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Luttrell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kent McKeaigg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrew Mosier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lexi Reiff

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jeff Richards

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Segovia

    CHAIR OF THE

    Total calculated
    $0
    Hours/week
    1

  • Jim Wilson

    TREASURER

    Total calculated
    $0
    Hours/week
    0

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
2022
Filed
24 July 2023
IRS schema version
2022v5.0
Source object
202302089349301190

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