Civic Intelligence

Structured Employment Economic Development Corporation

990 • Fiscal year 2020 • EIN 13-2875743

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

22 Cortlandt Street 33rd FloorNew York, NY 10007

(347) 649-3083

Siviq Scores

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

Liabilities / Assets

99th percentile

1.72x

Higher debt load relative to assets than 99% of similar nonprofits.

2020 filings • NTEE S • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.55x

Higher debt load relative to revenue than 64% of similar nonprofits.

2020 filings • NTEE S • $5M-$10M nonprofits • Source year 2020

Net Margin

43rd percentile

2.5%

Higher net margin than 43% of similar nonprofits.

2020 filings • NTEE S • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

98th percentile

$903,990

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 12.0% of source-year revenue.

2020 filings • NTEE S • $5M-$10M nonprofits • Source year 2020

Asset Growth

6th percentile

-10%

Faster asset growth than 6% of similar nonprofits.

2020 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

49th percentile

-4.2%

Faster revenue growth than 49% of similar nonprofits.

2020 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,398,993

Down $280,960 (-10%) from 2019

Net Assets

Up

-$1,717,169

Up $303,801 (+15%) from 2019

Liabilities

Down

$4,116,162

Down $584,761 (-12%) from 2019

Revenue

Down

$7,509,147

Down $327,905 (-4.2%) from 2019

Expenses

Down

$7,320,347

Down $737,871 (-9.2%) from 2019

Net Income

Up

$188,800

Up $409,966 (+185%) from 2019

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2010: $16,341,473Liabilities 2010: $10,942,426Net Assets 2010: $5,399,0472010Assets 2011: $13,954,141Liabilities 2011: $12,116,738Net Assets 2011: $1,837,4032011Assets 2012: $11,890,123Liabilities 2012: $4,920,107Net Assets 2012: $6,970,0162012Assets 2013: $10,066,543Liabilities 2013: $2,885,753Net Assets 2013: $7,180,7902013Assets 2014: $8,414,037Liabilities 2014: $2,685,801Net Assets 2014: $5,728,2362014Assets 2015: $2,952,171Liabilities 2015: $1,769,380Net Assets 2015: $1,182,7912015Assets 2016: $1,565,609Liabilities 2016: $2,774,811Net Assets 2016: -$1,209,2022016Assets 2017: $1,299,872Liabilities 2017: $3,002,780Net Assets 2017: -$1,702,9082017Assets 2018: $1,711,898Liabilities 2018: $3,511,702Net Assets 2018: -$1,799,8042018Assets 2019: $2,679,953Liabilities 2019: $4,700,923Net Assets 2019: -$2,020,9702019Assets 2020: $2,398,993Liabilities 2020: $4,116,162Net Assets 2020: -$1,717,1692020Assets 2021: $3,440,081Liabilities 2021: $5,211,928Net Assets 2021: -$1,771,8472021Assets 2022: $4,105,153Liabilities 2022: $6,316,459Net Assets 2022: -$2,211,3062022Assets 2023: $2,611,457Liabilities 2023: $4,872,360Net Assets 2023: -$2,260,9032023Assets 2024: $2,537,263Liabilities 2024: $5,135,678Net Assets 2024: -$2,598,4152024

Highlighted filing

2020

Assets$2,398,993
Liabilities$4,116,162
Net Assets-$1,717,169

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $47,308,1762010Expenses 2011: $39,637,6512011Revenue 2012: $39,274,822Expenses 2012: $34,142,209Net Income 2012: $5,132,6132012Revenue 2013: $21,151,237Expenses 2013: $20,940,463Net Income 2013: $210,7742013Revenue 2014: $18,488,529Expenses 2014: $19,941,083Net Income 2014: -$1,452,5542014Revenue 2015: $10,691,066Expenses 2015: $14,728,319Net Income 2015: -$4,037,2532015Revenue 2016: $6,065,767Expenses 2016: $8,457,760Net Income 2016: -$2,391,9932016Revenue 2017: $7,289,783Expenses 2017: $7,783,489Net Income 2017: -$493,7062017Revenue 2018: $7,108,806Expenses 2018: $7,205,702Net Income 2018: -$96,8962018Revenue 2019: $7,837,052Expenses 2019: $8,058,218Net Income 2019: -$221,1662019Revenue 2020: $7,509,147Expenses 2020: $7,320,347Net Income 2020: $188,8002020Revenue 2021: $6,983,803Expenses 2021: $7,038,481Net Income 2021: -$54,6782021Revenue 2022: $6,324,471Expenses 2022: $6,763,930Net Income 2022: -$439,4592022Revenue 2023: $6,558,823Expenses 2023: $6,608,420Net Income 2023: -$49,5972023Revenue 2024: $5,765,424Expenses 2024: $6,102,936Net Income 2024: -$337,5122024

Highlighted filing

2020

Revenue$7,509,147
Expenses$7,320,347
Net Income$188,800
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$7,509,147
Mission and Program Overview

Mission

Structured employment economic development corporation's (seedco) mission is to advance economic opportunity for people, businesses, and communities in need. As such, seedco designs and implements innovative programs and services that benefit workers, families, and businesses across the country. Each year, seedco supports communities through two core program portfolios: 1) workforce development 2) work and family supports seedco operates as both a direct services provider and an intermediary organization, helping community-based organizations expand outreach and secure funding.

To advance economic opportunity for people, businesses, and communities in need

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,211,013$1,359,731▲ $148,718
Accounts Receivable$326,886$400,778▲ $73,892
Land, Buildings, and Equipment, Net$1,794$237,855▲ $236,061
Intangible Assets$173,305$0▼ $173,305
Cash and Non-Interest-Bearing Accounts$221,923$106,445▼ $115,478
Savings and Temporary Cash Investments$51,038$20,264▼ $30,774
Prepaid Expenses and Deferred Charges$3,284$10,409▲ $7,125
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,220,740$2,398,993▲ $178,253
Other Assets Total$231,497$263,511▲ $32,014
Liabilities
Accounts Payable and Accrued Expenses$2,426,184$3,270,703▲ $844,519
Mortgage Notes Payable Secured by Investment Property$777,934$732,101▼ $45,833
Deferred Revenue$118,191$74,525▼ $43,666
Other Liabilities$804,400$38,833▼ $765,567
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,126,709$4,116,162▼ $10,547
Net Assets / Fund Balance
Net Assets With Donor Restrictions$89,042$89,042→ $0
Net Assets Without Donor Restrictions$-1,995,011$-1,806,211▲ $188,800
Total Net Assets Fund Balance$-1,905,969$-1,717,169▲ $188,800
Total Liabilities and Net Assets / Fund Balance$2,220,740$2,398,993▲ $178,253

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$237,855$21,841$259,696
Other Assets Org$263,511--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith RasmussenInterim Executive DirectorFT$206,807$8,637$215,444
Tara ColtonEXECUTIVE DIRECTOR (Term)-$42,408$365$42,773

Highest Paid Contractors

ContractorServicesLocationCompensation
Skyline Technology SolutionsIt Integration6956 AVIATION BLVD, Ferndale, MD 21061$102,155
Revenue and Support

Revenue Composition

Contributions and Grants
$7,216,941
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$292,206
All Other Contributions
$5,070
Change in Net Assets
$188,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,105,542
Other Expenses$2,129,064
Grants and Similar Amounts Paid$1,085,741
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,057,113$294,540-$3,351,653
Occupancy$569,748$564,978-$1,134,726
Grants to Domestic Orgs$1,085,741--$1,085,741
Other Employee Benefits$687,638$66,251-$753,889
Office Expenses$332,314$127,680-$459,994
Fees for Services Other-$224,540-$224,540
Insurance-$84,996-$84,996
Fees for Services Accounting-$78,246-$78,246
Information Technology$44,898$1,850-$46,748
Travel$41,110$2,784-$43,894
Conferences and Meetings$40,589$967-$41,556
Interest-$12,570-$12,570
Depreciation Depletion-$1,794-$1,794
Total Functional Expenses$5,859,151$1,461,196$0$7,320,347
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bronxworks IncBronx, NY501(c)(3)Workforce$285,077
Strive IncNew York, NY501(c)(3)Workforce$257,820
Eastern Shore Area Health Education Center IncCambridge, MD501(c)(3)Work & Family$235,216
Triangle Health AllianceElkton, MDN/aWork & Family$99,777
Cash Campaign of Maryland IncBaltimore, MD501(c)(3)Work & Family$29,186
The Center of Help IncAnnapolis, MD501(c)(3)Work & Family$13,766
Bon Secours Community WorksBaltimore, MD501(c)(3)Work & Family$7,932
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$38,833
Refundable Grant Advances$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 12C

THE GENERAL COUNSEL SERVES AS AN ADVISOR TO DIRECTORS AND KEY EMPLOYEES REGARDING POTENTIAL CONFLICTS, BOTH DURING THE ANNUAL RECERTIFICATION PROCESS AND AS THEY ARISE AS NECESSARY. THE GENERAL COUNSEL BRINGS MATTERS PERTAINING TO KEY EMPLOYEES, OFFICERS, AND DIRECTORS TO THE PRESIDENT and CEO FOR DISCUSSION WITH THE BOARD, ADVISES WHEN DIRECTORS MUST REMOVE THEMSELVES FROM VOTING ON ORGANIZATION MATTERS AND WITH THE PRESIDENT, MAKES DETERMINATION ON MATTERS PERTAINING TO POTENTIAL CONFLICTS CONCERNING STAFF MEMBERS WHO ARE NOT KEY EMPLOYEES.

Form 990, Part VI, Section A, Line 6

The corporation has one class of membership comprised of one member, which is acacia network.

Form 990, Part VI, Section A, Line 7A

The member may elect and appoint the directors and officers of seedco on an annual basis.

Form 990, Part VII, Section A, Line 1A

During 2017, seedco became a member of the acacia network. As such, seedco incurred charges allocated throughout the acacia network via its common paymaster, paso. As part of this relationship with its common paymaster, seedco is required to list certain individuals who are employees of the acacia network in part vii and schedule j due to the reporting requirements of having a common paymaster.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are available to the public upon request.

Form 990, Part VI, Section B, Line 15A & 15B

PursuaNt to the Organization's bylaws, the Organization delegates to its parent entity the hiring of the CEO and President. The compensation of the executives is approved by the Parent entity, who hires a consultant to conduct a study. A standing compensation commitee of the Parent entity reviews a compensation study and votes on how to proceeD.

Form 990, Part VI, Section B, Line 11A

The 990 is distributed to the board of directors prior to filing.

Filing and Contact Details

Filer

Filer Name
Structured Employment Economic Development
EIN
13-2875743
In Care Of
% VICKY GATELL
Phone
3476493083
Address
22 Cortlandt Street 33rd Floor, New York, NY 10007

Signing Officer

Name
Raul Russi
Title
CEO and President
Phone
3476493083
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raul Russi
Formed
1976
Legal Domicile
De
Voting Board Members
8
Independent Board Members
8
Employees
73
Volunteers
8

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Joseph Perez
Phone
7328281614
Supplemental Narrative

Financial Statement Notes

Form 990, Schedule D, Part XIII

Seedco is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and New York taxation codes. Accordingly, no provision for income taxes has been reflected in the accompanying consolidated financial statements. Seedco follows generally accepted accounting principles in the United States of America related to uncertain tax positions which require tax effects from an uncertain tax position to be recognized in the consolidated financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. If an uncertain tax position meets the more-likely-than-not threshold, the largest amount of tax benefit that is greater than 50 percent likely to be recognized upon ultimate settlement with the taxing authority is recorded. Seedco's primary tax positions relate to its status as a not-for-profit entity exempt from income taxes and classification of activities related to its exempt purpose. Management has evaluated the tax positions reflected in Seedco's tax filings and does not believe that any material uncertain tax positions exist. Seedco files forms 990 in the U.S. federal jurisdiction and CHAR 500 in the State of New York. Seedco did not recognize any tax related penalties or interest for the years presented.

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IRS990/Form990PartVIISectionAGrp/PersonNm3MILTON DERIENZO
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID COLLYMORE
IRS990/Form990PartVIISectionAGrp/PersonNm5KEITH RASMUSSEN
IRS990/Form990PartVIISectionAGrp/PersonNm6TARA COLTON
IRS990/Form990PartVIISectionAGrp/PersonNm7ELIEZER RODRIGUEZ ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm8WILFRED RENTA
IRS990/Form990PartVIISectionAGrp/PersonNm9MARIA RIVERA
IRS990/Form990PartVIISectionAGrp/PersonNm10HENRY COMAS
IRS990/Form990PartVIISectionAGrp/PersonNm11ANGEL AUDIFFRED
IRS990/Form990PartVIISectionAGrp/PersonNm12GEORGE A PRUITT
IRS990/Form990PartVIISectionAGrp/PersonNm13WALTER MACK
IRS990/Form990PartVIISectionAGrp/PersonNm14LIZANNE STEPHENSON
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5206807
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt642408
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0837889
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1515162
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2501299
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3402694
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4302546
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO AND PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt2COO
IRS990/Form990PartVIISectionAGrp/TitleTxt3CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt4CMO
IRS990/Form990PartVIISectionAGrp/TitleTxt5Interim Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE DIRECTOR (Term)
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01976
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt07211871
IRS990/GrantAmt01085741
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01085741
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01085741
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt07509147
IRS990/GrossRentsGrp/RealAmt0289965
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01850
IRS990/InformationTechnologyGrp/ProgramServicesAmt044898
IRS990/InformationTechnologyGrp/TotalAmt046748
IRS990/InsuranceGrp/ManagementAndGeneralAmt084996
IRS990/InsuranceGrp/TotalAmt084996
IRS990/IntangibleAssetsGrp/BOYAmt0173305
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt012570
IRS990/InterestGrp/TotalAmt012570
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt021841
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01794
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0237855
IRS990/LandBldgEquipCostOrOtherBssAmt0259696
IRS990/LegalDomicileStateCd0DE
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0true
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATIONS (SEEDCO) MISSION IS TO ADVANCE ECONOMIC OPPORTUNITY FOR PEOPLE, BUSINESSES, AND COMMUNITIES IN NEED AS SUCH, SEEDCO DESIGNS AND IMPLEMENTS INNOVATIVE PROGRAMS AND SERVICES THAT BENEFIT WORKERS, FAMILIES, AND BUSINESSES ACROSS THE COUNTRY EACH YEAR, SEEDCO SUPPORTS COMMUNITIES THROUGH TWO CORE PROGRAM PORTFOLIOS 1) WORKFORCE DEVELOPMENT 2) WORK AND FAMILY SUPPORTS SEEDCO OPERATES AS BOTH A DIRECT SERVICES PROVIDER AND AN INTERMEDIARY ORGANIZATION, HELPING COMMUNITY BASED ORGANIZATIONS EXPAND OUTREACH AND SECURE FUNDING.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0777934
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0732101
IRS990/NetAssetsOrFundBalancesBOYAmt0-1905969
IRS990/NetAssetsOrFundBalancesEOYAmt0-1717169
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0289965
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0289965
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1995011
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1806211
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0564978
IRS990/OccupancyGrp/ProgramServicesAmt0569748
IRS990/OccupancyGrp/TotalAmt01134726
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0127680
IRS990/OfficeExpensesGrp/ProgramServicesAmt0332314
IRS990/OfficeExpensesGrp/TotalAmt0459994
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0231497
IRS990/OtherAssetsTotalGrp/EOYAmt0263511
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt066251
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0687638
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0753889
IRS990/OtherLiabilitiesGrp/BOYAmt0804400
IRS990/OtherLiabilitiesGrp/EOYAmt038833
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt02241
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02241
IRS990/OtherRevenueTotalAmt02241
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0294540
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03057113
IRS990/OtherSalariesAndWagesGrp/TotalAmt03351653
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01211013
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01359731
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03284
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010409
IRS990/PrincipalOfficerNm0RAUL RUSSI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07540307
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01719746
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02308499
IRS990/PYOtherRevenueAmt0363800
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-106165
IRS990/PYSalariesCompEmpBnftPaidAmt03982027
IRS990/PYTotalExpensesAmt08010272
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07904107
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0188800
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt0289965
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt051038
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020264
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt07216941
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07540307
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06549172
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt06791805
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05834328
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt033932553
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0292206
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0363761
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt091
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0110
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0184
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0656352
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02241

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.54$5.14$2.60$5.77$6.10$0.34
2023Detailed filing. Detailed filing data is available for this year.$2.61$4.87$2.26$6.56$6.61$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.11$6.32$2.21$6.32$6.76$0.44
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.44$5.21$1.77$6.98$7.04$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.40$4.12$1.72$7.51$7.32$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.68$4.70$2.02$7.84$8.06$0.22
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$3.51$1.80$7.11$7.21$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.30$3.00$1.70$7.29$7.78$0.49
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$2.77$1.21$6.07$8.46$2.39
2015Summary only. Only limited summary data is available for this year.$2.95$1.77$1.18$10.7$14.7$4.04
2014Detailed filing. Detailed filing data is available for this year.$8.41$2.69$5.73$18.5$19.9$1.45
2013Detailed filing. Detailed filing data is available for this year.$10.1$2.89$7.18$21.2$20.9$0.21
2012Summary only. Only limited summary data is available for this year.$11.9$4.92$6.97$39.3$34.1$5.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$12.1$1.84$39.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$10.9$5.40$47.3