Totals
- Total revenue
- $644,084
- Total expenses
- $570,531
- Contributions and grants received
- $644,084
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $412,271
- Total liabilities, end of year
- $44,759
- Net assets or fund balances, end of year
- $367,512
- Program services expenses (Part IX)
- $478,845
- Management and general expenses
- $90,424
- Fundraising expenses
- $1,262
- Program service expenses (Part III)
- $478,845
Program services were 83.9% 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)
$644,084
-
1g · Noncash contributions included above
$33,500
-
2a · Program service revenue: COLLEGE FEE
-
2b · Program service revenue: BOOK SALES
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $70,759 · program services $70,759
-
7 · Other salaries and wages
total $63,087 · program services $39,241 · management and general $23,846
-
9 · Other employee benefits
total $15,992 · program services $13,725 · management and general $2,267
-
10 · Payroll taxes
total $10,451 · program services $8,940 · management and general $1,511
-
11g · Fees: other
total $16,348 · program services $12,580 · management and general $3,768
-
12 · Advertising and promotion
total $14,869 · program services $12,107 · management and general $1,500 · fundraising $1,262
-
13 · Office expenses
total $71,610 · program services $69,308 · management and general $2,302
-
14 · Information technology
total $23,642 · program services $23,642
-
16 · Occupancy
total $11,126 · program services $3,926 · management and general $7,200
-
17 · Travel
total $63,224 · program services $50,579 · management and general $12,645
-
23 · Insurance
total $3,255 · program services $2,700 · management and general $555
-
24a · Other expenses: GRANT WRITING
total $903 · program services $903
-
24b · Other expenses: COACHING AND MENTORSHIP
total $6,431 · program services $6,431
-
24c · Other expenses: OUTSIDE CONTRACT SERVICES
total $174,895 · program services $151,434 · management and general $23,461
-
24d · Other expenses: UTILITIES AND TELEPHONE
total $3,127 · program services $2,345 · management and general $782
-
24e · All other expenses
total $20,812 · program services $10,225 · management and general $10,587
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $46,249 · end of year $4,112
-
2 · Savings and temporary cash investments
beginning of year $162,513 · end of year $408,159
-
17 · Accounts payable and accrued expenses
beginning of year $9,819 · end of year $44,759
-
27 · Net assets without donor restrictions
beginning of year $198,943 · end of year $134,512
-
28 · Net assets with donor restrictions
end of year $233,000
Mission and programs · 2023
Mission
SEEDS OF FORTUNE INC. IS A NONPROFIT EDTECH PLATFORM HELPING MEMBERS ON THEIR FIRST STEPS TO ECONOMIC SECURITY BY FINDING AFFORDABLE COLLEGE OPTIONS, BUILDING FINANCIAL MANAGEMENT, AND CAREER SKILLS IN A SISTERLY ONLINE NETWORK.
-
SEED OF FORTUNE INC. PROGRAM HAS FIVE TIERS: COLLEGE PREP LEADERSHIP PROGRAM, SEED SCHOLARS IN PARTNERSHIP WITH YALE WOMEN IN ECONOMICS,INNOVATION RESEARCH SUMMER PROGRAM, GIRLS START UP, AND SEEDS UNIVERSITY.COLLEGE PREP LEADERSHIP PROGRAM - IN THIS PROGRAM, STUDENTS LEARN ABOUT THE COLLEGE/SCHOLARSHIP APPLICATION PROCESS AS WELL AS ACCESS TO OUR COLLEGE PARTNERS, LEARN : COLLEGE ESSAY, SCHOLARSHIP AND COLLEGE APPS, PICKING THE RIGHT SCHOOL, SAVING FOR COLLEGE, FINANCIAL AID, COLLEGE MAJOR, FUNDING AS UNDOCUMENTED STUDENTS.SEEDS SCHOLARS IN PARTNERSHIP WITH YALE WOMEN IN ECONOMICS - THIS IS A COLLEGE PREP PROGRAM THAT HELPS NYC HIGH SCHOOLS RISING 11TH GRADE MINORITY GIRLS APPLY FOR COLLEGE SCHOLORSHIPS AND TEACH PROFESSIONAL AND FINACIAL MAMAGEMENT SKILLS.
Expenses $478,845 · Revenue $644,084
-
INNOVATION RESEARCH SUMMER PROGRAM - HS STUDENTS WILL LEARN WHAT IT MEANS TO RUN AND LEAD A COMPANY BY CREATINF AN EXECUTIVE TEAM AND DIVIDING INTO GROUPS TO PROVIDE INSIGHTS INTO HOW CORPORATIONS CAN WORK WITH LOCAL COMMUNITIES MORE EFFECTIVELY, AS WELL AS ADVOCATE FOR LOCAL COMMUNITIES WITH OUR PARTNERS.GIRLS START UP - ONLINE BUSINESS PLAN ACCELERATOR TO INCREASE ENTREPRENEURIAL AND DIGITAL LITERACY SKILLS SETS IN PARTNERSHIP WITH WIX.COM, BMO CAPITAL MARKETS, AND MORE. COMPETE FOR AN ALL-EXPENSE PAID TRIP TRIP TO MIAMI, FL. WHERE 3 LUCKY WINNERS COULD RECEIVE UP TO $6,000 IN CAPITAL FUNDING.
-
SEED UNIVERSITY - A COLLEGE PROGRAM FOR THE GRADUATES OF OUR HIGH SCHOOL SCHOLARS AND MEMBERS TO FURTHER DEVELOP THEIR FINANCIAL AND CAREER SKILL SETS.
As filed on the 2023 return.
Listed in Part VII
-
Renee WhiteRENEE WHITE
ADVISORY BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 12 related
-
Patalia TatePATALIA TATE
ADVISORY BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 12 related
-
Keisha AlleyneKEISHA ALLEYNE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 12 related
-
Myles OconnellMYLES OCONNELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 12 related
-
Niketa EasonNIKETA EASON
ADVISORY BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 12 related
-
Tracey CameronTRACEY CAMERON
ADVISORY BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 12 related
-
Brooklyn White-GrierBROOKLYN WHITE-GRIER
ADVISORY BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12 + 12 related
-
April DrummondAPRIL DRUMMOND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Nitiya WalkerNITIYA WALKER
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 15 + 15 related
-
Latoya JordanLATOYA JORDAN
ADVISORY BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 12 related
-
Paul BonittoPAUL BONITTO
ADVISORY BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12 + 12 related
-
John ChevalierJOHN CHEVALIER
ADVISORY BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12 + 12 related
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
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v6.0
- Source object
- 202543519349301669
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