Totals
- Total revenue
- $1,469,955
- Total expenses
- $1,355,412
- Contributions and grants received
- $1,133,134
- Grants paid
- $51,100
- Program service revenue
- $297,208
- Investment income
- $0
- Other revenue
- $39,613
- Total assets, end of year
- $992,729
- Total liabilities, end of year
- $102,407
- Net assets or fund balances, end of year
- $890,322
- Program services expenses (Part IX)
- $969,182
- Management and general expenses
- $236,631
- Fundraising expenses
- $149,599
- Program service expenses (Part III)
- $969,182
Program services were 71.5% 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.
-
1e · Government grants (contributions)
$99,799
-
1f · All other contributions, gifts and grants
$1,033,335
-
1g · Noncash contributions included above
$177,605
-
2a · Program service revenue: ENTREPRENUER DEVELOPMENT
total $297,208 · related or exempt $297,208
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Revenue
total $300 · excluded $300
-
11b · Other revenue: Sublease Venue Revenue
total $39,313 · excluded $39,313
-
11e · Other revenue, total
$39,613
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $51,100 · program services $51,100
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $205,000 · program services $143,500 · management and general $20,500 · fundraising $41,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $411,175 · program services $316,758 · management and general $41,118 · fundraising $53,299
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $26,799 · program services $21,439 · management and general $2,680 · fundraising $2,680
-
10 · Payroll taxes
total $46,194 · program services $36,955 · management and general $4,619 · fundraising $4,620
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $56,054 · management and general $56,054
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $78,721 · program services $78,721
-
13 · Office expenses
total $2,239 · management and general $2,239
-
14 · Information technology
total $31,182 · program services $24,946 · management and general $6,236
-
15 · Royalties
total $0
-
16 · Occupancy
total $26,891 · management and general $26,891
-
17 · Travel
total $33,550 · program services $33,550
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $30,558 · management and general $30,558
-
23 · Insurance
total $11,472 · program services $5,736 · management and general $5,736
-
24a · Other expenses: FACILITATOR EXPENSE
total $163,478 · program services $163,478
-
24b · Other expenses: SUBCONTRACTORS
total $155,183 · program services $67,183 · management and general $40,000 · fundraising $48,000
-
24c · Other expenses: EVENTS
total $11,919 · program services $11,919
-
24d · Other expenses: OTHER EXPENSES
total $7,389 · program services $7,389
-
24e · All other expenses
total $6,508 · program services $6,508
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $740,726 · end of year $708,302
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $163,354 · end of year $100,227
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $11,837 · end of year $9,628
-
10a · Land, buildings and equipment: cost or other basis
$8,933
-
10b · Land, buildings and equipment: accumulated depreciation
$6,861
-
10c · Land, buildings and equipment, net
beginning of year $1,547 · end of year $2,072
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $142,500 · end of year $112,500
-
15 · Other assets
beginning of year $8,172 · end of year $60,000
-
17 · Accounts payable and accrued expenses
beginning of year $208,943 · end of year $93,755
-
19 · Deferred revenue
beginning of year $39,736 · end of year $8,652
-
25 · Other liabilities
beginning of year $44,076
-
27 · Net assets without donor restrictions
beginning of year $675,381 · end of year $790,322
-
28 · Net assets with donor restrictions
beginning of year $100,000 · end of year $100,000
Mission and programs · 2022
Mission
EDUCATING, ACCELERATING, AND INVESTING IN IN ENTREPRENEURS WHO ARE CREATING SOLUTIONS TO SOCIAL PROBLEMS.
-
Entrepreneurs were supported through core programs such as 2DAY Launch Camps, Impact Accelerator Programs, STARTUP SPRING TRAINING , and individualized mentorship. Additionally, SEED SPOT has been able to partner with industry leaders to establish programs to reach entrepreneurs in health, equity and youth spaces. There were approximately 600 total entrepreneurs served.
Expenses $969,182 · Grants $51,100 · Revenue $297,208
As filed on the 2022 return.
Listed in Part VII
-
ZACHARY LEVERENZ
CEO
- Total calculated
- $205,000
- From this org
- $205,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $190,000
- Bonus
- $15,000
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $205,000
-
LAUREN MCDANELL
VP of Strategy
- Total calculated
- $121,819
- From this org
- $121,819
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
TRISTAN GANDOLFI
VP of Programs
- Total calculated
- $105,583
- From this org
- $105,583
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
SENTARI MINOR
Chairman
- Total calculated
- $0
- Hours/week
- 3
-
COURTNEY KLEIN
Director
- Total calculated
- $0
- Hours/week
- 3
-
RASHAD MOORE
Director
- Total calculated
- $0
- Hours/week
- 3
-
BRIAN HILL
Director
- Total calculated
- $0
- Hours/week
- 3
-
JORONDA MONTANO
Director
- Total calculated
- $0
- Hours/week
- 3
-
SUSAN PENFIELD
Director
- Total calculated
- $0
- Hours/week
- 3
-
SAVANNAH ONWOCHEI
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
JANINE DAVISON
Director
- Total calculated
- $0
- Hours/week
- 0
-
JOHN GAYLORD
Director
- Total calculated
- $0
- Hours/week
- 0
-
RUSSELL GOLSTEIN
Director
- Total calculated
- $0
- Hours/week
- 0
-
NAHLA SALEM
Director
- Total calculated
- $0
- Hours/week
- 0
-
ERIN O'SHEA
Treasurer
- Total calculated
- $0
- Hours/week
- 30
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 7: Non-Fixed payments not listed above
- CEO received year-end bonus. Bonus was not attributable to organization revenues.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401369349307675
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