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Nonprofiteer
← SEED FOUNDATION INC

Form 990 for tax year 2023

Filed by SEED FOUNDATION INC.

Totals

Total revenue
$5,388,815
Total expenses
$5,677,046
Contributions and grants received
$2,077,959
Grants paid
$344,624
Program service revenue
$3,148,364
Investment income
$162,492
Other revenue
$0
Total assets, end of year
$11,339,959
Total liabilities, end of year
$1,294,710
Net assets or fund balances, end of year
$10,045,249
Program services expenses (Part IX)
$4,897,013
Management and general expenses
$361,520
Fundraising expenses
$418,513
Program service expenses (Part III)
$4,897,013

Program services were 86.3% 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.

  • 1f · All other contributions, gifts and grants

    $2,077,959

  • 2a · Program service revenue: MANAGEMENT FEE

    total $3,148,364 · related or exempt $3,148,364

  • 3 · Investment income

    total $162,492 · excluded $162,492

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $150,000 · program services $150,000

  • 2 · Grants to domestic individuals

    total $194,624 · program services $194,624

  • 5 · Compensation of officers, directors and key employees

    total $846,493 · program services $731,892 · management and general $57,121 · fundraising $57,480

  • 7 · Other salaries and wages

    total $2,012,874 · program services $1,724,945 · management and general $130,542 · fundraising $157,387

  • 8 · Pension plan contributions

    total $153,037 · program services $148,489 · management and general $2,087 · fundraising $2,461

  • 9 · Other employee benefits

    total $329,079 · program services $244,397 · management and general $42,654 · fundraising $42,028

  • 10 · Payroll taxes

    total $203,702 · program services $200,085 · management and general $1,537 · fundraising $2,080

  • 11b · Fees: legal

    total $725 · program services $725

  • 11c · Fees: accounting

    total $77,500 · program services $58,125 · management and general $19,375

  • 11d · Fees: lobbying

    total $65,897 · program services $65,897

  • 11g · Fees: other

    total $543,667 · program services $482,015 · management and general $48,658 · fundraising $12,994

  • 12 · Advertising and promotion

    total $31,491 · program services $18,200 · management and general $4,441 · fundraising $8,850

  • 13 · Office expenses

    total $81,893 · program services $60,448 · management and general $9,037 · fundraising $12,408

  • 14 · Information technology

    total $77,004 · program services $59,837 · management and general $6,113 · fundraising $11,054

  • 16 · Occupancy

    total $84,419 · program services $84,419

  • 17 · Travel

    total $284,481 · program services $258,919 · management and general $12,995 · fundraising $12,567

  • 19 · Conferences, conventions and meetings

    total $89,498 · program services $47,198 · management and general $14,328 · fundraising $27,972

  • 20 · Interest

    total $61,857 · program services $61,857

  • 22 · Depreciation, depletion and amortization

    total $25,689 · program services $19,267 · management and general $6,422

  • 23 · Insurance

    total $40,269 · program services $40,269

  • 24a · Other expenses: STAFF/LEADERSHIP DEVEL.

    total $60,564 · program services $56,676 · management and general $1,602 · fundraising $2,286

  • 24b · Other expenses: CTS SUPPORT

    total $45,760 · program services $45,760

  • 24c · Other expenses: SEED NETWORK SUPPORT

    total $29,298 · program services $29,298

  • 24d · Other expenses: STAFF RECRUITING

    total $934 · program services $856 · management and general $78

  • 24e · All other expenses

    total $186,291 · program services $112,815 · management and general $4,530 · fundraising $68,946

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,034,121 · end of year $4,133,546

  • 3 · Pledges and grants receivable

    beginning of year $857,536 · end of year $718,662

  • 9 · Prepaid expenses and deferred charges

    beginning of year $115,883 · end of year $102,053

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

    $4,880,539

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

    $148,931

  • 10c · Land, buildings and equipment, net

    beginning of year $4,728,405 · end of year $4,731,608

  • 15 · Other assets

    beginning of year $2,062,028 · end of year $1,654,090

  • 17 · Accounts payable and accrued expenses

    beginning of year $272,205 · end of year $182,489

  • 19 · Deferred revenue

    end of year $105,000

  • 23 · Secured mortgages and notes payable

    beginning of year $1,000,000 · end of year $750,000

  • 25 · Other liabilities

    beginning of year $192,288 · end of year $257,221

  • 27 · Net assets without donor restrictions

    beginning of year $4,585,037 · end of year $4,422,889

  • 28 · Net assets with donor restrictions

    beginning of year $5,748,443 · end of year $5,622,360

Mission and programs · 2023

Mission

THE SEED FOUNDATION IS A NATIONAL NONPROFIT THAT PARTNERS WITH COMMUNITIES TO PROVIDE INNOVATIVE EDUCATIONAL OPPORTUNITIES THAT PREPARE UNDERSERVED STUDENTS FOR SUCCESS IN COLLEGE AND BEYOND.

Activities or mission (Part I)

THE SEED FOUNDATION IS A NATIONAL NONPROFIT THAT PARTNERS WITH (CONTINUED ON SCHEDULE O) COMMUNITIES TO PROVIDE INNOVATIVE EDUCATIONAL OPPORTUNITIES THAT PREPARE UNDERSERVED STUDENTS FOR SUCCESS IN COLLEGE AND BEYOND.

  • SEED'S COLLEGE TRANSITION & SUCCESS (CTS) PROGRAM IS DEDICATED TO SUPPORTING SEED SCHOOL GRADUATES IN THEIR TRANSITION TO COLLEGE AND SEED'S OVERALL COMMITMENT TO PREPARING STUDENTS FOR SUCCESS IN COLLEGE BEYOND. TO AMPLIFY THE IMPACT OF SEED'S EDUCATIONAL PROGRAM MODEL, CTS PRIORITIZES: (1) DELIVERING HIGH QUALITY COLLEGE TRANSITION ADVISING AND PROGRAMMING, (2) LEADING COLLEGE KNOWLEDGE CAPACITY BUILDING ACROSS SEED SCHOOLS, (3) SUPPORTING THE UNDERSTANDING AND USAGE OF COLLEGE SUCCESS DATA, AND(4) EXPANDING SEED'S COLLEGE SUCCESS EXPERTISE VIA OUR COLLEGE MATCHING TECHNOLOGY SOLUTION. AS A RESULT OF THE WORK OF THE CTS PROGRAM, BEST PRACTICES AND RESOURCES SUCH AS THE COLLEGE ACCESS & SUCCESS GUIDE, COLLEGE OUTREACH VISITS TO ALL SEED GRADUATES, AND THE REQUIRED ELEMENTS OF SEED'S COLLEGE KNOWLEDGE & ADVISING PILLAR HAVE BEEN CORE TO EXECUTING SEED'S MISSION. MOST NOTABLY, SEED'S ATTENTION TO THE KEY INDICATORS OF COLLEGE DEGREE ATTAINMENT AND CONSISTENT ENGAGEMENT WITH SEED GRADUATES HAS RESULTED IN THE DEVELOPMENT OF AN EVIDENCE-BASED COLLEGE MATCHING TIER SYSTEM. SEED STUDENTS WHO BEGIN THEIR COLLEGE JOURNEY AT "RIGHT FIT" INSTITUTIONS BASED ON OUR COLLEGE MATCHING TIER SYSTEM ARE EARNING COLLEGE DEGREES AT RATES OF NEARLY 68% WHICH IS MORE THAN 5 TIMES GREATER THAN THE NATIONAL AVERAGE FOR LOW INCOME, FIRST GENERATION AFRICAN AMERICAN AND LATINO STUDENTS. WITH MORE THAN 1,000 STUDENTS CURRENTLY ENROLLED AT SEED SCHOOLS AND 1,100 SEED GRADUATES ACROSS THE COUNTRY, THE CTS PROGRAM REMAINS COMMITTED TO DELIVERING HIGH QUALITY ADVISING, PROGRAMMING, AND CAPACITY BUILDING SERVICES. MOREOVER, AS K-12 AND POSTSECONDARY EDUCATION EVOLVES ACROSS THE COUNTRY, WE ARE ACTIVELY REFINING AND STRENGTHENING OUR COLLEGE SUCCESS EFFORTS VIA DATA ANALYSIS, DIRECT SERVICES, PARTNERSHIPS, AND TRAINING.

    Expenses $1,751,978 · Grants $194,624

  • THE SCHOOL SUPPORT TEAM WORKS TO STRENGTHEN THE SEED NETWORK AND ITS LEADERS BY ESTABLISHING SUSTAINABLE SYSTEMS, STRUCTURES, AND PROCESSES. THE SCHOOL SUPPORT TEAM HAS TWO CORE PRIORITIES:-SYSTEMS WORK: THE SCHOOL SUPPORT TEAM FOCUSES ON CREATING ROBUST, EFFICIENT, AND SCALABLE NETWORK INITIATIVES AND SYSTEMS THAT PROVIDE A STRONG FOUNDATION FOR SCHOOL OPERATIONS, DATA MANAGEMENT, AND CONTINUOUS IMPROVEMENT ACROSS THE NETWORK.-PEOPLE WORK: THE SCHOOL SUPPORT TEAM PRIORITIZES BUILDING THE CAPACITY OF STAFF AND LEADERS WITHIN THE NETWORK BY PROVIDING TRAINING AND RESOURCES AS WELL AS FOSTERING A CULTURE OF COLLABORATION AND SHARED EXPERTISE.THE SCHOOL SUPPORT TEAM'S LEADS AND SUPPORTS VARIOUS INITIATIVES, INCLUDING BUT NOT LIMITED TO THE SEED SCHOOL IMPROVEMENT PLAN PROCESS, ANNUAL SCHOOL REVIEWS, NETWORK ASSESSMENTS, COMMUNITIES OF PRACTICE, DEFINING, TRACKING, AND REPORTING ON KEY PERFORMANCE INDICATORS (SEED NETWORK SUCCESS MEASURES), FACILITATING PROFESSIONAL DEVELOPMENT, AND LEADING THE ANNUAL SEED SUMMIT.

    Expenses $1,691,781

  • THE SEED FOUNDATION CONTINUES TO MANAGE THE GROWTH OF THE SEED SCHOOL OF MIAMI. IN ADDITION, THE SEED FOUNDATION CONTINUES TO EXPLORE OTHER OPPORTUNITIES.

    Expenses $1,453,254 · Grants $150,000

  • TO SUPPORT THE IMPLEMENTATION AND MONITORING OF FIDELITY TO THE SEED MODEL AT SEED SCHOOLS, SUPPORT TO SCHOOL LEADERS, PROFESSIONAL AND SYSTEM DEVELOPMENT AT SEED SCHOOLS, IN ADDITION TO OTHER FORMS OF PROGRAMMATIC SUPPORT AND DEVELOPMENT.

    Revenue $3,148,364

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lesley Poole

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $347,298
    From this org
    $321,121
    From related orgs
    $0
    Other
    $26,177
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $296,143
    Bonus
    $23,000
    Other
    $1,978
    Deferred
    $14,441
    Nontaxable benefits
    $17,785
    Filer's total
    $353,347

  • Eileen Shields-West

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Derek M Abruzzese

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Christopher Buchbinder

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ann B Friedman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Earl Adams Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eric S Adler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Antwain Coward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Steve Fedder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Vasco F Fernandes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Galvin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rebecca Gifford-Goldberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marc E Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rosalia Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jamie Moeller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John M Noel

    DIRECTOR THRU 6/30/24

    Total calculated
    $0
    Hours/week
    2

  • Desa Sealy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rajiv Vinnakota

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Dan Winston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Vincena Allen

    CHIEF GROWTH OFFICER

    Total calculated
    $261,095
    From this org
    $234,716
    From related orgs
    $0
    Other
    $26,379
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,442
    Bonus
    $15,500
    Other
    $774
    Deferred
    $13,488
    Nontaxable benefits
    $18,145
    Filer's total
    $266,349

  • Keniq Coney

    CHIEF SCHOOLS OFFICER

    Total calculated
    $239,209
    From this org
    $217,810
    From related orgs
    $0
    Other
    $21,399
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,540
    Bonus
    $8,000
    Other
    $270
    Deferred
    $12,852
    Nontaxable benefits
    $11,365
    Filer's total
    $242,027

  • Alisha Huntley

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $154,916
    From this org
    $143,833
    From related orgs
    $0
    Other
    $11,083
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,833
    Bonus
    $8,000
    Other
    $0
    Deferred
    $6,265
    Nontaxable benefits
    $7,592
    Filer's total
    $157,690

  • Hopi Moodie

    CHIEF OPERATING OFFICER

    Total calculated
    $189,473
    From this org
    $149,714
    From related orgs
    $0
    Other
    $39,759
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,714
    Bonus
    $8,000
    Other
    $0
    Deferred
    $9,300
    Nontaxable benefits
    $40,308
    Filer's total
    $199,322

  • Chloe Marshall

    DIR, LEADERSHIP & PROGRAM DESIGN

    Total calculated
    $149,471
    From this org
    $134,783
    From related orgs
    $0
    Other
    $14,688
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,283
    Bonus
    $1,500
    Other
    $0
    Deferred
    $4,721
    Nontaxable benefits
    $10,929
    Filer's total
    $150,433

  • Beverley Badley

    DIRECTOR OF FINANCE

    Total calculated
    $128,322
    From this org
    $111,601
    From related orgs
    $0
    Other
    $16,721
    Hours/week
    40

  • Woodrow Scott

    DIR, STRATEGIC GROWTH

    Total calculated
    $114,143
    From this org
    $108,517
    From related orgs
    $0
    Other
    $5,626
    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 · Compensation committee
  • 3 · Compensation survey or study
  • 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
THE BONUS WAS PAID BASED ON PERFORMANCE. THIS WAS DETERMINED BY THE BOARD OF DIRECTORS.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • THE SEED SCHOOL OF MIAMI FOUNDATION LLC

    EDUCATIONAL, CHARITABLE · FL · income $0 · assets $2,895,291

    Directly controlled by THE SEED FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349308968

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