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← SEED SCHOOL OF LOS ANGELES COUNTY

Form 990 for tax year 2022

Filed by SEED SCHOOL OF LOS ANGELES COUNTY.

Totals

Total revenue
$12,830,472
Total expenses
$12,529,621
Contributions and grants received
$10,189,558
Grants paid
$2,384,693
Program service revenue
$1,394,755
Investment income
$1,246,159
Other revenue
$0
Total assets, end of year
$53,780,603
Total liabilities, end of year
$26,731,775
Net assets or fund balances, end of year
$27,048,828
Program services expenses (Part IX)
$10,691,589
Management and general expenses
$1,838,032
Fundraising expenses
$0
Program service expenses (Part III)
$10,691,589

Program services were 85.3% 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.

  • 1e · Government grants (contributions)

    $5,750,000

  • 1f · All other contributions, gifts and grants

    $4,439,558

  • 1g · Noncash contributions included above

    $67,356

  • 2a · Program service revenue: LCFF STATE SCHOOL FUNDS

    total $1,048,243 · related or exempt $1,048,243

  • 2b · Program service revenue: FEDERALLY SOURCED SCHOOL FUNDS

    total $185,125 · related or exempt $185,125

  • 2c · Program service revenue: OTHER STATE EDUCATION FUNDS

    total $161,387 · related or exempt $161,387

  • 3 · Investment income

    total $1,246,159 · excluded $1,246,159

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,384,693 · program services $2,384,693

  • 5 · Compensation of officers, directors and key employees

    total $198,000 · program services $198,000

  • 7 · Other salaries and wages

    total $1,885,207 · program services $1,699,991 · management and general $185,216

  • 9 · Other employee benefits

    total $257,500 · program services $234,606 · management and general $22,894

  • 10 · Payroll taxes

    total $170,808 · program services $155,622 · management and general $15,186

  • 11a · Fees: management

    total $718,348 · management and general $718,348

  • 11b · Fees: legal

    total $28,697 · management and general $28,697

  • 11c · Fees: accounting

    total $26,500 · management and general $26,500

  • 11g · Fees: other

    total $297,215 · management and general $297,215

  • 12 · Advertising and promotion

    total $21,891 · management and general $21,891

  • 13 · Office expenses

    total $85,347 · management and general $85,347

  • 14 · Information technology

    total $23,807 · management and general $23,807

  • 16 · Occupancy

    total $4,106,871 · program services $4,106,871

  • 17 · Travel

    total $56,927 · management and general $56,927

  • 20 · Interest

    total $1,237,686 · program services $1,237,686

  • 22 · Depreciation, depletion and amortization

    total $14,234 · program services $14,234

  • 23 · Insurance

    total $313,923 · management and general $313,923

  • 24a · Other expenses: STUDENT SERVICES

    total $479,606 · program services $479,606

  • 24b · Other expenses: BOOKS & SCHOOL SUPPLIES

    total $159,743 · program services $159,743

  • 24c · Other expenses: SECURITY & FACILITY OPE

    total $42,081 · management and general $42,081

  • 24d · Other expenses: MISCELLANEOUS

    total $20,537 · program services $20,537

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,316,192 · end of year $1,110,229

  • 3 · Pledges and grants receivable

    beginning of year $1,348,846 · end of year $364,545

  • 4 · Accounts receivable

    beginning of year $108,177 · end of year $1,100,813

  • 7 · Other notes and loans receivable

    beginning of year $50,028,121 · end of year $50,076,051

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $287,564

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

    $94,816

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

    $14,808

  • 10c · Land, buildings and equipment, net

    beginning of year $31,387 · end of year $80,008

  • 15 · Other assets

    beginning of year $100,000 · end of year $761,393

  • 17 · Accounts payable and accrued expenses

    beginning of year $461,949 · end of year $457,651

  • 19 · Deferred revenue

    beginning of year $0 · end of year $13,235

  • 24 · Unsecured notes and loans payable

    beginning of year $25,699,473 · end of year $25,994,152

  • 25 · Other liabilities

    beginning of year $23,324 · end of year $266,737

  • 27 · Net assets without donor restrictions

    beginning of year $6,997,977 · end of year $6,892,328

  • 28 · Net assets with donor restrictions

    beginning of year $19,750,000 · end of year $20,156,500

Mission and programs · 2022

Mission

TO PROVIDE AN OUTSTANDING, INTENSIVE EDUCATIONAL PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE AND BEYOND.

  • A PUBLIC CHARTER SCHOOL IN LOS ANGELES, CALIFORNIA PROVIDING ROOM AND BOARD AND AN OUTSTANDING, INTENSIVE EDUCATIONAL PROGRAM THAT PREPARES HIGH SCHOOL STUDENTS, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE AND BEYOND.

    Expenses $10,691,589 · Grants $2,384,693 · Revenue $1,394,755

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RUTH STALFORD

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    20 + 2 related

  • JACKIE KIMBROUGH PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SOPHIA ECHAVARRIA

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ISABEL ACOSTA

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ROD HAMILTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER PRICE-LETSCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • LESLEY POOLE

    PRESIDENT, CEO

    Total calculated
    $0
    Hours/week
    2

  • DR JUBRIA LEWIS

    HEAD OF SCHOOL

    Total calculated
    $198,000
    From this org
    $192,060
    From related orgs
    $0
    Other
    $5,940
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,060
    Bonus
    $0
    Other
    $0
    Deferred
    $5,940
    Nontaxable benefits
    $0
    Filer's total
    $198,000

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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
HEAD OF SCHOOL COMPENSATION IS ESTABLISHED BASED ON A WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • SEED LA SUPPORT CORP

    501(C)(3) · TO PROVIDE AN OUTSTANDING, INTENSIVE EDUCATIONAL PROGRAM · CA

    Directly controlled by SEED SCHOOL OF LOS ANGELES COUNTY

  • THE SEED FOUNDATION

    501(C)(3) · PROVIDE INNOVATIVE EDUCATIONAL OPPORTUNITIES FOR UNDERSERVED STUDENTS · DC

    Directly controlled by NO

Provenance

Return type
form_990
Tax year
2022
Filed
4 March 2024
IRS schema version
2022v5.0
Source object
202440649349301414

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