Totals
- Total revenue
- $1,603,818
- Total expenses
- $1,245,128
- Contributions and grants received
- $1,166,283
- Grants paid
- $74,905
- Program service revenue
- $433,922
- Investment income
- $3,613
- Other revenue
- $0
- Total assets, end of year
- $1,310,332
- Total liabilities, end of year
- $61,319
- Net assets or fund balances, end of year
- $1,249,013
- Program services expenses (Part IX)
- $707,811
- Management and general expenses
- $324,246
- Fundraising expenses
- $213,071
- Program service expenses (Part III)
- $707,811
Program services were 56.8% 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.
-
1e · Government grants (contributions)
$24,950
-
1f · All other contributions, gifts and grants
$1,141,333
-
2a · Program service revenue: ENTREPRENUER DEVELOPME
total $433,922 · related or exempt $433,922
-
3 · Investment income
total $3,613 · excluded $3,613
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5 · program services $5
-
2 · Grants to domestic individuals
total $74,900 · program services $74,900
-
5 · Compensation of officers, directors and key employees
total $216,346 · program services $125,209 · management and general $51,740 · fundraising $39,397
-
7 · Other salaries and wages
total $520,363 · program services $301,157 · management and general $124,447 · fundraising $94,759
-
9 · Other employee benefits
total $23,320 · program services $13,496 · management and general $5,577 · fundraising $4,247
-
10 · Payroll taxes
total $53,175 · program services $30,775 · management and general $12,717 · fundraising $9,683
-
11c · Fees: accounting
total $52,743 · management and general $52,743
-
11g · Fees: other
total $139,598 · program services $73,274 · management and general $43,268 · fundraising $23,056
-
12 · Advertising and promotion
total $37,466 · program services $22,080 · management and general $4,983 · fundraising $10,403
-
13 · Office expenses
total $24,041 · program services $14,169 · management and general $3,198 · fundraising $6,674
-
14 · Information technology
total $19,414 · program services $11,441 · management and general $2,582 · fundraising $5,391
-
16 · Occupancy
total $18,012 · program services $10,615 · management and general $2,396 · fundraising $5,001
-
17 · Travel
total $13,866 · program services $8,172 · management and general $1,844 · fundraising $3,850
-
19 · Conferences, conventions and meetings
total $12,350 · program services $7,278 · management and general $1,643 · fundraising $3,429
-
20 · Interest
total $1,014 · management and general $1,014
-
22 · Depreciation, depletion and amortization
total $25,860 · program services $15,240 · management and general $3,439 · fundraising $7,181
-
23 · Insurance
total $12,655 · management and general $12,655
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $708,302 · end of year $858,862
-
3 · Pledges and grants receivable
beginning of year $100,227 · end of year $35,000
-
4 · Accounts receivable
beginning of year $0 · end of year $60,785
-
9 · Prepaid expenses and deferred charges
beginning of year $9,628 · end of year $13,654
-
10a · Land, buildings and equipment: cost or other basis
$8,933
-
10b · Land, buildings and equipment: accumulated depreciation
$2,721
-
10c · Land, buildings and equipment, net
beginning of year $2,072 · end of year $6,212
-
12 · Investments: other securities
beginning of year $0 · end of year $253,319
-
14 · Intangible assets
beginning of year $112,500 · end of year $82,500
-
15 · Other assets
beginning of year $60,000 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $93,755 · end of year $61,319
-
19 · Deferred revenue
beginning of year $8,652 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $790,322 · end of year $1,109,013
-
28 · Net assets with donor restrictions
beginning of year $100,000 · end of year $140,000
Mission and programs · 2023
Mission
EDUCATING, ACCELERATING, AND INVESTMENT IN DIVERSE, IMPACT DRIVEN ENTREPRENEURS.
-
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 $707,811 · Grants $74,905 · Revenue $433,922
As filed on the 2023 return.
Listed in Part VII
-
Sentari MinorSENTARI MINOR
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Erin O'SheaERIN O'SHEA
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Savannah OnwocheiSAVANNAH ONWOCHEI
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Janine DavisonJANINE DAVISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
John GaylordJOHN GAYLORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Russell GoldsteinRUSSELL GOLDSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Brian HillBRIAN HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Courtney KleinCOURTNEY KLEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Shaun MayoSHAUN MAYO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Joronda MontanoJORONDA MONTANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Rashad MooreRASHAD MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Nahla SalemNAHLA SALEM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Zachary LeverenzZACHARY LEVERENZ
CHIEF EXECUTIVE OFFICER
- Total calculated
- $211,082
- From this org
- $202,736
- From related orgs
- $0
- Other
- $8,346
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $202,736
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $8,346
- Filer's total
- $211,082
-
Lauren McDanellLAUREN MCDANELL
VP OF STRATEGY & GROWTH
- Total calculated
- $128,761
- From this org
- $123,528
- From related orgs
- $0
- Other
- $5,233
- Hours/week
- 40
-
Tristan GandolfiTRISTAN GANDOLFI
VICE PRESIDENT OF PROGRAMS
- Total calculated
- $109,140
- From this org
- $109,083
- From related orgs
- $0
- Other
- $57
- Hours/week
- 40
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
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
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511339349308136
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