Civic Intelligence

South Eastern Economic Development Corporation

990 • Fiscal year 2020 • EIN 04-2772952

Oct 01, 2019 to Sep 30, 2020 • Filed on Nov 29, 2021

Organization ProfileWWW.SEEDCORP.COM
80 Dean StreetTaunton, MA 02780

(508) 822-1020

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.26x

Higher debt load relative to assets than 59% of similar nonprofits.

2020 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

1.91x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2020

Net Margin

49th percentile

7.5%

Higher net margin than 49% of similar nonprofits.

2020 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$185,769

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2020 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2020

Asset Growth

46th percentile

3.0%

Faster asset growth than 46% of similar nonprofits.

2020 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

20th percentile

-17%

Faster revenue growth than 20% of similar nonprofits.

2020 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$14,658,726

Up $429,434 (+3.0%) from 2019

Net Assets

Up

$10,916,171

Up $145,818 (+1.4%) from 2019

Liabilities

Up

$3,742,555

Up $283,626 (+8.2%) from 2019

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin49th percentile

Revenue

Down

$1,955,386

Down $409,420 (-17%) from 2019

Expenses

Down

$1,809,568

Down $16,411 (-0.9%) from 2019

Net Income

Down

$145,818

Down $393,009 (-73%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $7,675,086Liabilities 2011: $2,068,188Net Assets 2011: $5,606,8982011Assets 2012: $7,853,252Liabilities 2012: $2,039,278Net Assets 2012: $5,813,9742012Assets 2013: $9,027,831Liabilities 2013: $2,150,754Net Assets 2013: $6,877,0772013Assets 2014: $10,511,060Liabilities 2014: $2,361,627Net Assets 2014: $8,149,4332014Assets 2015: $10,627,567Liabilities 2015: $2,324,492Net Assets 2015: $8,303,0752015Assets 2016: $10,528,423Liabilities 2016: $2,076,295Net Assets 2016: $8,452,1282016Assets 2017: $12,744,518Liabilities 2017: $3,320,534Net Assets 2017: $9,423,9842017Assets 2018: $13,667,695Liabilities 2018: $3,436,169Net Assets 2018: $10,231,5262018Assets 2019: $14,229,292Liabilities 2019: $3,458,929Net Assets 2019: $10,770,3532019Assets 2020: $14,658,726Liabilities 2020: $3,742,555Net Assets 2020: $10,916,1712020Assets 2021: $19,907,799Liabilities 2021: $3,495,329Net Assets 2021: $16,412,4702021Assets 2022: $21,191,120Liabilities 2022: $3,903,991Net Assets 2022: $17,287,1292022Assets 2023: $24,718,206Liabilities 2023: $5,100,776Net Assets 2023: $19,617,4302023Assets 2024: $28,678,587Liabilities 2024: $7,085,792Net Assets 2024: $21,592,7952024Assets 2025: $31,874,408Liabilities 2025: $7,495,862Net Assets 2025: $24,378,5462025

Highlighted filing

2020

Assets$14,658,726
Liabilities$3,742,555
Net Assets$10,916,171
Open 2020 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Revenue 2011: $2,159,717Expenses 2011: $1,902,066Net Income 2011: $257,6512011Revenue 2012: $2,187,462Expenses 2012: $1,980,386Net Income 2012: $207,0762012Revenue 2013: $3,056,817Expenses 2013: $1,993,714Net Income 2013: $1,063,1032013Revenue 2014: $3,303,596Expenses 2014: $2,031,240Net Income 2014: $1,272,3562014Revenue 2015: $1,802,935Expenses 2015: $1,649,282Net Income 2015: $153,6532015Revenue 2016: $1,767,564Expenses 2016: $1,618,511Net Income 2016: $149,0532016Revenue 2017: $2,652,494Expenses 2017: $1,680,638Net Income 2017: $971,8562017Revenue 2018: $2,501,801Expenses 2018: $1,694,259Net Income 2018: $807,5422018Revenue 2019: $2,364,806Expenses 2019: $1,825,979Net Income 2019: $538,8272019Revenue 2020: $1,955,386Expenses 2020: $1,809,568Net Income 2020: $145,8182020Revenue 2021: $7,426,368Expenses 2021: $1,930,069Net Income 2021: $5,496,2992021Revenue 2022: $3,149,450Expenses 2022: $2,274,791Net Income 2022: $874,6592022Revenue 2023: $4,796,656Expenses 2023: $2,466,355Net Income 2023: $2,330,3012023Revenue 2024: $4,521,283Expenses 2024: $2,545,918Net Income 2024: $1,975,3652024Revenue 2025: $5,554,165Expenses 2025: $2,768,415Net Income 2025: $2,785,7502025

Highlighted filing

2020

Revenue$1,955,386
Expenses$1,809,568
Net Income$145,818
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Nov 29, 2021
Return Version
2019v5.0
Gross Receipts
$1,955,386
Mission and Program Overview

Mission

Seed's mission is to assist small businesses to start-up, expand and create new jobs. Seed was certified in 1982 by the u.s. Sba to package sba 504 loans. Seed also makes loans as a cdfi under the u.s. Department of treasury, & eda u.s. Department of commerce, and a sba micro lender and provides technical assistance.

Seed's mission is to assist small businesses to start-up, expand and create new jobs. Seed was certified in 1982 bythe u.s. Sba to package sma 504 loans. Seed also makes loans as a cdfi under the u.s. Department of treasury, and a sba micro lender and provides technical assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$9,727,867$9,407,839▼ $320,028
Savings and Temporary Cash Investments$2,218,546$2,979,046▲ $760,500
Cash and Non-Interest-Bearing Accounts$1,025,876$1,222,264▲ $196,388
Land, Buildings, and Equipment, Net$893,409$868,101▼ $25,308
Accounts Receivable$260,392$100,355▼ $160,037
Pledges and Grants Receivable$88,669$79,558▼ $9,111
Prepaid Expenses and Deferred Charges$14,523$1,563▼ $12,960
Total Assets$14,229,282$14,658,726▲ $429,444
Liabilities
Other Liabilities$3,201,537$3,499,266▲ $297,729
Accounts Payable and Accrued Expenses$188,424$241,234▲ $52,810
Deferred Revenue$68,968$2,055▼ $66,913
Total Liabilities$3,458,929$3,742,555▲ $283,626
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,617,945$8,599,448▼ $18,497
Net Assets Without Donor Restrictions$2,152,408$2,316,723▲ $164,315
Total Net Assets Fund Balance$10,770,353$10,916,171▲ $145,818
Total Liabilities and Net Assets / Fund Balance$14,229,282$14,658,726▲ $429,444

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$868,101$683,622$1,551,723
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maria Gooch-smithExecutive DiFT$171,849$13,920$185,769
Maria Gooch-smithExecutive Director-$121,849$63,920$185,769
Lisa M HolmesSr VP LendinFT$139,556$6,978$146,534
Laurie DriscollVP CommerciaFT$131,505$12,437$143,942
Susan MurrayExecutive DiFT$123,384$3,702$127,086
Lindsey WilliamVP Sr CommerFT$108,133$3,244$111,377

Board Members and Trustees

NameTitle
Wayne CarvalhoChairman
Richard ShaferPast Chair
Carl W TaberVice Chair
Charles DwyerVice Chair
Anna CluneAsst Clerk
Edward F SousaAsst Treasur
William LewisClerk
Lorraine TraversTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$572,000
Program Service Revenue
$1,376,489
Investment Income
$6,897
Other Revenue
$0
All Other Contributions
$87,000
Change in Net Assets
$145,818

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,955,386
Total Revenue per Audited Statements
$1,955,386
Total Revenue per Form 990
$1,955,386
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,432,725
Other Expenses$376,843
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$989,765--$989,765
Current Officers, Directors, Trustees, and Key Employees$193,422$21,491-$214,913
Fees for Services Other$96,603--$96,603
Payroll Taxes$93,738--$93,738
Other Employee Benefits$90,798--$90,798
Pension Plan Contributions$43,511--$43,511
Depreciation Depletion$31,204--$31,204
Conferences and Meetings$26,037--$26,037
Information Technology$25,504--$25,504
Interest$19,352--$19,352
Fees for Services Accounting$17,875--$17,875
Insurance$12,609--$12,609
Office Expenses$11,352--$11,352
Other Expenses$8,416--$8,416
Travel$7,422--$7,422
Advertising$7,207--$7,207
All Other Expenses$4,266--$4,266
Total Functional Expenses$1,788,077$21,491$0$1,809,568

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,809,568
Total Expenses per Audited Statements$1,809,568
Total Expenses per Form 990$1,809,568
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liability$3,499,266
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 was reviewed by the seed board of directors in its entirety and approved on januayry 29, 2020.”

Form 990, Page 6, Part VI, Line 12C

“The seed board of directors and seed staff individually sign the agreement to the policy annually.”

Form 990, Page 6, Part VI, Line 15A

“The seed board of directors reviews the salalry schedule , which is based on comparable positions and market salary rates, and evaluates all staff performance annually.”

Form 990, Page 6, Part VI, Line 15B

“The seed board of directors reviews the salalry schedule , which is based on comparable positions and market salary rates, and evaluates all staff performance annually.”

Form 990, Page 6, Part VI, Line 19

“All documents and policies related to the organization are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
South Eastern Economic Development
EIN
04-2772952
Phone
5088221020
Address
80 DEAN STREET, TAUNTON, MA 02780

Signing Officer

Name
Susan Murray
Title
Executive Director
Phone
5088221020
Signed
2021-11-29

Organization Details

Principal Officer
Susan Murray
Formed
1982
Legal Domicile
Ma
Voting Board Members
33
Independent Board Members
33
Employees
11

Preparer

Firm
Sanders Walsh & Eaton Cpas LLC
Address
PO BOX F, OSTERVILLE, MA 02655
Preparer
Joseph F Mcgee CPA
Phone
5084280790
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Seed's mission is to assist small businesses to start-up, expand and create new jobs. Seed was certified in 1982 bythe u.s. Sba to package sma 504 loans. Seed also makes loans as a cdfi under the u.s. Department of treasury, and a sba micro lender and provides technical assistance.”

Form 990, Page 2, Part III, Line 4D

“OTHER PROGRAM SERVICES”

Raw XML AppendixShowing 400 of 426 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InformationTechnologyGrp/ProgramServicesAmt025504
IRS990/InformationTechnologyGrp/TotalAmt025504
IRS990/InsuranceGrp/ProgramServicesAmt012609
IRS990/InsuranceGrp/TotalAmt012609
IRS990/InterestGrp/ProgramServicesAmt019352
IRS990/InterestGrp/TotalAmt019352
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt06897
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06897
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IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0893409
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0868101
IRS990/LandBldgEquipCostOrOtherBssAmt01551723
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SEED'S MISSION IS TO ASSIST SMALL BUSINESSES TO START-UP, EXPAND AND CREATE NEW JOBS. SEED WAS CERTIFIED IN 1982 BYTHE U.S. SBA TO PACKAGE SMA 504 LOANS. SEED ALSO MAKES LOANS AS A CDFI UNDER THE U.S. DEPARTMENT OF TREASURY, AND A SBA MICRO LENDER AND PROVIDES TECHNICAL ASSISTANCE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt010770353
IRS990/NetAssetsOrFundBalancesEOYAmt010916171
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02152408
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02316723
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt011352
IRS990/OfficeExpensesGrp/TotalAmt011352
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt090798
IRS990/OtherEmployeeBenefitsGrp/TotalAmt090798
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1MAINT, CLEANING UTILITIES
IRS990/OtherExpensesGrp/Desc2DUES & PUBLICATIONS
IRS990/OtherExpensesGrp/Desc3EQUIPMENT LEASE
IRS990/OtherExpensesGrp/ProgramServicesAmt044220
IRS990/OtherExpensesGrp/ProgramServicesAmt135947
IRS990/OtherExpensesGrp/ProgramServicesAmt228829
IRS990/OtherExpensesGrp/ProgramServicesAmt38416
IRS990/OtherExpensesGrp/TotalAmt044220
IRS990/OtherExpensesGrp/TotalAmt135947
IRS990/OtherExpensesGrp/TotalAmt228829
IRS990/OtherExpensesGrp/TotalAmt38416
IRS990/OtherLiabilitiesGrp/BOYAmt03201537
IRS990/OtherLiabilitiesGrp/EOYAmt03499266
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0989765
IRS990/OtherSalariesAndWagesGrp/TotalAmt0989765
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt09727867
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09407839
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt093738
IRS990/PayrollTaxesGrp/TotalAmt093738
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt043511
IRS990/PensionPlanContributionsGrp/TotalAmt043511
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt088669
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt079558
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014523
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01563
IRS990/PrincipalOfficerNm0SUSAN MURRAY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROCESS, SERVICE AND PACKAGE
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0861603
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1514886
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0861603
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1514886
IRS990/ProgSrvcAccomActy2Grp/Desc0MICRO LOAN PROGRAM INCLUDING SBA MICRO LOANS AND TECHNICAL ASSISTANCE AND MA TECHNICAL ASSISTANCE. UNDERWRITING, CLOSING AND SERVICING OF LOANS UP TO 50,000 TO SMALL BUSINESSES FOR WORKING CAPITAL FURNITURE AND FIXTURES AND EQUIPMENT. ADMINISTRATION OF TECHNICAL ASSISTANCE PROGRAM FOR START-UP AND EXISTING SMALL BUSINESSES IN CONJUNCTION WITH THE SBA MICRO LOAN PROGRAM. THE PROGRAM INCLUDES EIGHT COUNTIES FROM BOSTON TO THE CAPE AND ISLANDS IN MASSACHUSETTS, AND ALL OF RHODE ISLAND.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0682829
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0570885
IRS990/ProgSrvcAccomActy3Grp/Desc0REVOLVING LOAN FUND PROGRAM: UNDERWRITING, CLOSING AND SERVICING OF LOANS UP TO 200,000 UNDER THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) REVOLVING LOAN FUND PROGRAM AND THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION FUND (CDFI) UNDER THE U.S. DEPARTMENT OF TREASURY, AND SEED FUND AND RI FUND. THESE LOANS ARE MADE IN CONJUNCTION WITH BANK AND OTHER FINANCING TO SMALL BUSINESSES IN SOUTHEASTERN MASSACHUSETTS AND RHODE ISLAND.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0574608
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0476473
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAM SERVICES
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01913
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt093775
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0919521
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt010272
IRS990/PYOtherExpensesAmt0430804
IRS990/PYProgramServiceRevenueAmt01435013
IRS990/PYRevenuesLessExpensesAmt0538827
IRS990/PYSalariesCompEmpBnftPaidAmt01395175
IRS990/PYTotalExpensesAmt01825979
IRS990/PYTotalRevenueAmt02364806
IRS990/ReconcilationRevenueExpnssAmt0145818
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0814253
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02218546
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02979046
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0868101
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0683622
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01551723
IRS990ScheduleD/ExpensesSubtotalAmt01809568
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03499266
IRS990ScheduleD/RevenueSubtotalAmt01955386
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0868101
IRS990ScheduleD/TotalExpensesPerForm990Amt01809568
IRS990ScheduleD/TotalLiabilityAmt03499266
IRS990ScheduleD/TotalRevenuePerForm990Amt01955386
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01955386
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01809568
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0121849
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount050000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt013731
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt0189
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARIA GOOCH-SMITH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0185769
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEED'S MISSION IS TO ASSIST SMALL BUSINESSES TO START-UP, EXPAND AND CREATE NEW JOBS. SEED WAS CERTIFIED IN 1982 BYTHE U.S. SBA TO PACKAGE SMA 504 LOANS. SEED ALSO MAKES LOANS AS A CDFI UNDER THE U.S. DEPARTMENT OF TREASURY, AND A SBA MICRO LENDER AND PROVIDES TECHNICAL ASSISTANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER PROGRAM SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WAS REVIEWED BY THE SEED BOARD OF DIRECTORS IN ITS ENTIRETY AND APPROVED ON JANUAYRY 29, 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SEED BOARD OF DIRECTORS AND SEED STAFF INDIVIDUALLY SIGN THE AGREEMENT TO THE POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SEED BOARD OF DIRECTORS REVIEWS THE SALALRY SCHEDULE , WHICH IS BASED ON COMPARABLE POSITIONS AND MARKET SALARY RATES, AND EVALUATES ALL STAFF PERFORMANCE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SEED BOARD OF DIRECTORS REVIEWS THE SALALRY SCHEDULE , WHICH IS BASED ON COMPARABLE POSITIONS AND MARKET SALARY RATES, AND EVALUATES ALL STAFF PERFORMANCE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL DOCUMENTS AND POLICIES RELATED TO THE ORGANIZATION ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt014229282
IRS990/TotalAssetsEOYAmt014658726
IRS990/TotalAssetsGrp/BOYAmt014229282
IRS990/TotalAssetsGrp/EOYAmt014658726
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0572000
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021491
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01788077
IRS990/TotalFunctionalExpensesGrp/TotalAmt01809568
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03458929
IRS990/TotalLiabilitiesEOYAmt03742555
IRS990/TotalLiabilitiesGrp/BOYAmt03458929
IRS990/TotalLiabilitiesGrp/EOYAmt03742555
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010770353
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010916171
IRS990/TotalOtherCompensationAmt040281
IRS990/TotalOtherProgSrvcExpenseAmt01913
IRS990/TotalOtherProgSrvcRevenueAmt093775
IRS990/TotalProgramServiceExpensesAmt01788077
IRS990/TotalProgramServiceRevenueAmt01376489
IRS990/TotalReportableCompFromOrgAmt0674427
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01383386
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01955386
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014229282
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014658726
IRS990/TravelGrp/ProgramServicesAmt07422
IRS990/TravelGrp/TotalAmt07422
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt080 DEAN STREET
IRS990/USAddress/CityNm0TAUNTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002780
IRS990/VotingMembersGoverningBodyCnt033
IRS990/VotingMembersIndependentCnt033
IRS990/WebsiteAddressTxt0WWW.SEEDCORP.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN MURRAY

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,658,726
Liabilities
$3,742,555
Net assets
$10,916,171
Revenue
$1,955,386
Expenses
$1,809,568
Net income
$145,818
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$31.9$7.50$24.4$5.55$2.77$2.79
2024Detailed filing. Detailed filing data is available for this year.$28.7$7.09$21.6$4.52$2.55$1.98
2023Detailed filing. Detailed filing data is available for this year.$24.7$5.10$19.6$4.80$2.47$2.33
2022Detailed filing. Detailed filing data is available for this year.$21.2$3.90$17.3$3.15$2.27$0.87
2021Detailed filing. Detailed filing data is available for this year.$19.9$3.50$16.4$7.43$1.93$5.50
2020Detailed filing. Detailed filing data is available for this year.$14.7$3.74$10.9$1.96$1.81$0.15
2019Summary only. Only limited summary data is available for this year.$14.2$3.46$10.8$2.36$1.83$0.54
2018Summary only. Only limited summary data is available for this year.$13.7$3.44$10.2$2.50$1.69$0.81
2017Summary only. Only limited summary data is available for this year.$12.7$3.32$9.42$2.65$1.68$0.97
2016Summary only. Only limited summary data is available for this year.$10.5$2.08$8.45$1.77$1.62$0.15
2015Summary only. Only limited summary data is available for this year.$10.6$2.32$8.30$1.80$1.65$0.15
2014Summary only. Only limited summary data is available for this year.$10.5$2.36$8.15$3.30$2.03$1.27
2013Summary only. Only limited summary data is available for this year.$9.03$2.15$6.88$3.06$1.99$1.06
2012Summary only. Only limited summary data is available for this year.$7.85$2.04$5.81$2.19$1.98$0.21
2011Summary only. Only limited summary data is available for this year.$7.68$2.07$5.61$2.16$1.90$0.26
Peer Organizations

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