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Nonprofiteer
← THE GOLDEN SEEDS FOUNDATION

Form 990 for tax year 2022

Filed by THE GOLDEN SEEDS FOUNDATION.

Totals

Total revenue
$161,735
Total expenses
$332,334
Contributions and grants received
$161,735
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$117,457
Total liabilities, end of year
$28,000
Net assets or fund balances, end of year
$89,457
Program services expenses (Part IX)
$166,166
Management and general expenses
$33,233
Fundraising expenses
$132,935
Program service expenses (Part III)
$166,166

Program services were 50.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $2,200

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $36,246

  • 1f · All other contributions, gifts and grants

    $123,289

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $2,200

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $75,708 · program services $14,937 · management and general $12,154 · fundraising $48,617

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $45,833 · program services $45,833 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $9,383 · program services $4,692 · management and general $938 · fundraising $3,753

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $1,402 · program services $701 · management and general $140 · fundraising $561

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $185,403 · program services $92,702 · management and general $18,540 · fundraising $74,161

  • 12 · Advertising and promotion

    total $5,060 · program services $2,530 · management and general $506 · fundraising $2,024

  • 13 · Office expenses

    total $755 · program services $376 · management and general $76 · fundraising $303

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $1,058 · program services $529 · management and general $106 · fundraising $423

  • 24e · All other expenses

    total $7,732 · program services $3,866 · management and general $773 · fundraising $3,093

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $288,009 · end of year $117,455

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $2

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $50 · end of year $100

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $27,900 · end of year $27,900

  • 27 · Net assets without donor restrictions

    beginning of year $260,059 · end of year $89,457

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

The mission of The Golden SEEDS Foundation, a non-profit community redevelopment corporation, is to transform our neighborhood into a vibrant community through Spirit-led acts of justice and mercy. We seek to accomplish this through the promotion of biblical values, social justice, and economic empowerment, creating hope for the most vulnerable in our community.

  • The Community Driven Growth initiative was funded by the JPMorgan Chase Partnerships for Raising Opportunity in Neighborhoods (PRO Neighborhoods) - a $125 million, five-year initiative to provide communities with the capital and tools they need to support locally driven solutions and address key drivers of inequality across the country. The program used an equitable development approach to economic growth by helping neighborhoods implement comprehensive strategies that address barriers to economic mobility. Equitable development as both an idea and a practice is evolving. Recentering development and investment so they benefit residents of disinvested communities is at the core of delivering equitable development. Our knowledge of tools, strategies, and tactics continued to grow as communities, stakeholders, practitioners, and community-based organizations sought to undo decades of disinvestment and discriminatory policies and practices without causing widespread displacement. This work included engaging hundreds of residents in The Bottom; hours of planning; and parcel-by-parcel surveys to not only collect data but to also hear the ideas and visions of those residents. This work was made possible with the help of a community quarterback from this neighborhood. Throughout this community-led process, it was completely clear that the neighborhoods did not want any more plans - they have been part of decades of planning processes and have seen no action. They have a lot of ideas that they feel would make a difference and we recorded them knowing that their vision would finally drive action for their community. It was not all pleasant. Not all participants agreed on every idea, but healthy debate was evident, and it led to greater understanding. It was also clear that the community has very strong resident leadership.

    Expenses $166,166 · Revenue $146,953

As filed on the 2022 return.

Listed in Part VII

  • Sean Tate

    Legal Counsel

    Total calculated
    $0
    Hours/week
    1
  • Vincent T Parker

    Board Chair

    Total calculated
    $0
    Hours/week
    1
  • Mae Marshall

    Board Secretary

    Total calculated
    $0
    Hours/week
    1
  • Jay Haigler

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Brent Brown

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Denise Mason

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Kevin Hannah

    Vice Chair

    Total calculated
    $0
    Hours/week
    1
  • Tommy Bowie

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Karyn Martin

    Board Member

    Total calculated
    $0
    Hours/week
    1

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
15 November 2023
IRS schema version
2022v5.0
Source object
202313189349312736

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