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Nonprofiteer
← SEED PUBLIC CHARTER SCHOOL OF WASHINGTON D C

Form 990 for tax year 2022

Filed by SEED PUBLIC CHARTER SCHOOL OF WASHINGTON D C.

Totals

Total revenue
$16,827,126
Total expenses
$16,195,016
Contributions and grants received
$1,753,914
Grants paid
$0
Program service revenue
$14,904,354
Investment income
$138,949
Other revenue
$29,909
Total assets, end of year
$23,546,460
Total liabilities, end of year
$1,340,599
Net assets or fund balances, end of year
$22,205,861
Program services expenses (Part IX)
$12,916,413
Management and general expenses
$3,273,439
Fundraising expenses
$5,164
Program service expenses (Part III)
$12,916,413

Program services were 79.8% 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)

    $1,734,625

  • 1f · All other contributions, gifts and grants

    $19,289

  • 2a · Program service revenue: PUPIL ALLOCATIONS

    total $14,904,354 · related or exempt $14,904,354

  • 3 · Investment income

    total $138,949 · excluded $138,949

  • 10a · Gross sales of inventory

    $2,629

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $2,629 · excluded $2,629

  • 11a · Other revenue: OTHER INCOME

    total $27,280 · excluded $27,280

  • 11e · Other revenue, total

    $27,280

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $480,805 · management and general $480,805

  • 7 · Other salaries and wages

    total $7,520,837 · program services $6,613,692 · management and general $907,145

  • 8 · Pension plan contributions

    total $128,664 · program services $114,308 · management and general $14,356

  • 9 · Other employee benefits

    total $1,286,020 · program services $967,658 · management and general $318,312 · fundraising $50

  • 10 · Payroll taxes

    total $569,218 · program services $471,520 · management and general $97,698

  • 11a · Fees: management

    total $819,037 · program services $106,912 · management and general $712,125

  • 11b · Fees: legal

    total $32,377 · management and general $32,377

  • 11c · Fees: accounting

    total $160,221 · management and general $160,221

  • 13 · Office expenses

    total $104,289 · program services $94,538 · management and general $9,700 · fundraising $51

  • 14 · Information technology

    total $304,405 · program services $248,250 · management and general $52,247 · fundraising $3,908

  • 16 · Occupancy

    total $1,349,938 · program services $1,118,240 · management and general $231,698

  • 17 · Travel

    total $71,353 · program services $71,353

  • 20 · Interest

    total $20,411 · management and general $20,411

  • 22 · Depreciation, depletion and amortization

    total $1,180,470 · program services $977,858 · management and general $202,612

  • 23 · Insurance

    total $171,512 · program services $171,512

  • 24a · Other expenses: STUDENT FOOD SERVICES

    total $1,112,920 · program services $1,112,920

  • 24b · Other expenses: STUDENT EXPENSE

    total $587,496 · program services $586,341 · fundraising $1,155

  • 24c · Other expenses: OTHER GENERAL EXPENSES

    total $295,043 · program services $261,311 · management and general $33,732

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,421,954 · end of year $5,267,964

  • 2 · Savings and temporary cash investments

    beginning of year $1,587,716 · end of year $1,588,652

  • 3 · Pledges and grants receivable

    beginning of year $1,071,043 · end of year $1,384,348

  • 4 · Accounts receivable

    beginning of year $222,603 · end of year $226,395

  • 9 · Prepaid expenses and deferred charges

    beginning of year $141,872 · end of year $171,492

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

    $34,411,436

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

    $21,397,013

  • 10c · Land, buildings and equipment, net

    beginning of year $13,967,987 · end of year $13,014,423

  • 11 · Investments: publicly traded securities

    beginning of year $1,402,972 · end of year $1,625,006

  • 15 · Other assets

    beginning of year $6,192 · end of year $268,180

  • 17 · Accounts payable and accrued expenses

    beginning of year $570,065 · end of year $1,043,149

  • 23 · Secured mortgages and notes payable

    beginning of year $725,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $37,543 · end of year $297,450

  • 27 · Net assets without donor restrictions

    beginning of year $20,562,960 · end of year $21,301,978

  • 28 · Net assets with donor restrictions

    beginning of year $926,771 · end of year $903,883

Mission and programs · 2022

Mission

THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON, DC IS A PUBLIC COLLEGE-PREPARATORY BOARDING SCHOOL WHOSE PRIMARY MISSION IS TO PROVIDE AN OUTSTANDING INTENSIVE EDUCATIONAL PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE.

  • PROVIDE OUTSTANDING INTENSIVE RESIDENTIAL EDUCATION PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE.

    Expenses $12,916,413 · Revenue $14,904,354

As filed on the 2022 return.

Listed in Part VII

  • Desa Sealy

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Huck O'Conner

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David Steinberg

    DEVELOPMENT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rajiv Vinnakota

    CO-FOUNDER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Robin Chait

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Holly Gray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lesley Poole

    TRUSTEE/ CEO SEED FND

    Total calculated
    $323,102
    From this org
    $0
    From related orgs
    $294,635
    Other
    $28,467
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,571 related
    Bonus
    $0 + $23,000 related
    Other
    $0 + $2,064 related
    Deferred
    $0 + $15,094 related
    Nontaxable benefits
    $0 + $17,333 related
    Filer's total
    $0 + $327,062 related

  • Eric Vinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Angelita Buckman

    PARENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Erikka Carter

    PARENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Trameece Jefferies

    PARENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brian Rahaman

    HEAD OF SCHOOL UNTIL 4/2023

    Total calculated
    $229,846
    From this org
    $214,098
    From related orgs
    $0
    Other
    $15,748
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,098
    Bonus
    $0
    Other
    $0
    Deferred
    $6,446
    Nontaxable benefits
    $10,197
    Filer's total
    $230,741

  • Christopher Rooks

    INTERIM HOS, DIR. STUDENT LIFE

    Total calculated
    $129,780
    From this org
    $126,000
    From related orgs
    $0
    Other
    $3,780
    Hours/week
    40

  • Rashida Holman-Jones

    DIR. FAMILY & COMMUNITY LIFE

    Total calculated
    $105,143
    From this org
    $101,232
    From related orgs
    $0
    Other
    $3,911
    Hours/week
    40

  • Sherita Wallace

    DIR. STUDENT SUPPORT UNTIL 12/2022

    Total calculated
    $130,134
    From this org
    $115,242
    From related orgs
    $0
    Other
    $14,892
    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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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
THE BOARD OF DIRECTORS SETS THE COMPENSATION OF THE HEAD OF SCHOOL VIA A COMPENSATION STUDY ALONG WITH REVIEW OF 990'S OF SIMILAR ORGANIZATION IN THE AREA.

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411359349313756

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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