Civic Intelligence

Structured Employment Economic Development Corporation

990 • Fiscal year 2021 • EIN 13-2875743

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

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

98th percentile

1.52x

Higher debt load relative to assets than 98% of similar nonprofits.

2021 filings • NTEE S • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

60th percentile

0.75x

Higher debt load relative to revenue than 60% of similar nonprofits.

2021 filings • NTEE S • $5M-$10M nonprofits • Source year 2021

Net Margin

34th percentile

-0.8%

Higher net margin than 34% of similar nonprofits.

2021 filings • NTEE S • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

97th percentile

$916,359

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 13.1% of source-year revenue.

2021 filings • NTEE S • $5M-$10M nonprofits • Source year 2021

Asset Growth

87th percentile

43%

Faster asset growth than 87% of similar nonprofits.

2021 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

29th percentile

-7.0%

Faster revenue growth than 29% of similar nonprofits.

2021 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,440,081

Up $1,041,088 (+43%) from 2020

Net Assets

Down

-$1,771,847

Down $54,678 (-3.2%) from 2020

Liabilities

Up

$5,211,928

Up $1,095,766 (+27%) from 2020

Revenue

Down

$6,983,803

Down $525,344 (-7.0%) from 2020

Expenses

Down

$7,038,481

Down $281,866 (-3.9%) from 2020

Net Income

Down

-$54,678

Down $243,478 (-129%) from 2020

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

2021

Assets$3,440,081
Liabilities$5,211,928
Net Assets-$1,771,847

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

2021

Revenue$6,983,803
Expenses$7,038,481
Net Income-$54,678
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$6,983,803
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$1,359,731$2,482,426▲ $1,122,695
Accounts Receivable$400,778$455,432▲ $54,654
Land, Buildings, and Equipment, Net$237,855$345,408▲ $107,553
Cash and Non-Interest-Bearing Accounts$106,445$108,075▲ $1,630
Savings and Temporary Cash Investments$20,264$20,268▲ $4
Prepaid Expenses and Deferred Charges$10,409$10,475▲ $66
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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,398,993$3,440,081▲ $1,041,088
Other Assets Total$263,511$17,997▼ $245,514
Liabilities
Accounts Payable and Accrued Expenses$3,270,703$3,690,958▲ $420,255
Mortgage Notes Payable Secured by Investment Property$732,101$722,053▼ $10,048
Unsecured Notes Loans Payable$0$647,400▲ $647,400
Other Liabilities$38,833$107,935▲ $69,102
Deferred Revenue$74,525$43,582▼ $30,943
Grants Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,116,162$5,211,928▲ $1,095,766
Net Assets / Fund Balance
Net Assets With Donor Restrictions$89,042$89,042→ $0
Net Assets Without Donor Restrictions$-1,806,211$-1,860,889▼ $54,678
Total Net Assets Fund Balance$-1,717,169$-1,771,847▼ $54,678
Total Liabilities and Net Assets / Fund Balance$2,398,993$3,440,081▲ $1,041,088

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$345,408$10,236$355,644
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Lymaris AlborsCOO$217,883$8,835$226,718

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Skyline Technology SolutionsIt Integration6956 AVIATION BLVD, Ferndale, MD 21061-
Revenue and Support

Revenue Composition

Contributions and Grants
$6,777,367
Program Service Revenue
$0
Investment Income
$87
Other Revenue
$206,349
All Other Contributions
$647,313
Change in Net Assets
$-54,678
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,772,086
Other Expenses$2,089,800
Grants and Similar Amounts Paid$1,176,595
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,454,852$206,225-$2,661,077
Grants to Domestic Orgs$1,176,595--$1,176,595
Occupancy$469,216$539,344-$1,008,560
Other Employee Benefits$658,953$225,338-$884,291
Office Expenses$239,343$216,992-$456,335
Fees for Services Other-$238,607-$238,607
Current Officers, Directors, Trustees, and Key Employees-$226,718-$226,718
Travel$63,453$35,290-$98,743
Insurance-$88,474-$88,474
Conferences and Meetings$72,428$1,691-$74,119
Fees for Services Accounting$49$68,625-$68,674
Information Technology$35,834$2,521-$38,355
Depreciation Depletion-$10,236-$10,236
Interest-$4,740-$4,740
Advertising$2,852$105-$2,957
Total Functional Expenses$5,173,575$1,864,906$0$7,038,481
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Eastern Shore Area Health Education Center IncCambridge, MD501(c)(3)Work & Family$259,205
Triangle Health AllianceElkton, MDN/aWork & Family$99,731
Cash Campaign of Maryland IncBaltimore, MD501(c)(3)Work & Family$92,680
Union Hospital of Cecil CountyKancock, MD501(c)(3)Work & Family$78,197
The Center of Help IncAnnapolis, MD501(c)(3)Work & Family$26,868
Interfaith Service Coalition Of Hancock Maryland-501(c)(3)Work & Family$12,226
Chesapeake Multi-Cultural CenterEaston, MD501(c)(3)Work & Family$9,504
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$107,935
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
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raul Russi
Formed
1976
Legal Domicile
De
Voting Board Members
6
Independent Board Members
6
Employees
70
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/PersonNm3DAVID COLLYMORE
IRS990/Form990PartVIISectionAGrp/PersonNm4Maria del Carmen Arroyo
IRS990/Form990PartVIISectionAGrp/PersonNm5VICKY GATELL
IRS990/Form990PartVIISectionAGrp/PersonNm6KEITH RASMUSSEN
IRS990/Form990PartVIISectionAGrp/PersonNm7Walter Mack Esq
IRS990/Form990PartVIISectionAGrp/PersonNm8WILFRED RENTA
IRS990/Form990PartVIISectionAGrp/PersonNm9LIZANNE STEPHENSON
IRS990/Form990PartVIISectionAGrp/PersonNm10ANGEL AUDIFFRED
IRS990/Form990PartVIISectionAGrp/PersonNm11GEORGE A PRUITT
IRS990/Form990PartVIISectionAGrp/PersonNm12LIZANNE STEPHENSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6217883
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0848126
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1532238
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2517229
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3487238
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4404476
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5306593
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO AND PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1COO
IRS990/Form990PartVIISectionAGrp/TitleTxt2CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt3CMO
IRS990/Form990PartVIISectionAGrp/TitleTxt4CAO
IRS990/Form990PartVIISectionAGrp/TitleTxt5CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt6Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt10Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01976
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt06130054
IRS990/GrantAmt01176595
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01176595
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01176595
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt06983803
IRS990/GrossRentsGrp/RealAmt00
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02521
IRS990/InformationTechnologyGrp/ProgramServicesAmt035834
IRS990/InformationTechnologyGrp/TotalAmt038355
IRS990/InsuranceGrp/ManagementAndGeneralAmt088474
IRS990/InsuranceGrp/TotalAmt088474
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt04740
IRS990/InterestGrp/TotalAmt04740
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt087
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt087
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010236
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0237855
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0345408
IRS990/LandBldgEquipCostOrOtherBssAmt0355644
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/BOYAmt0732101
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0722053
IRS990/NetAssetsOrFundBalancesBOYAmt0-1717169
IRS990/NetAssetsOrFundBalancesEOYAmt0-1771847
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1806211
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1860889
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0539344
IRS990/OccupancyGrp/ProgramServicesAmt0469216
IRS990/OccupancyGrp/TotalAmt01008560
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0216992
IRS990/OfficeExpensesGrp/ProgramServicesAmt0239343
IRS990/OfficeExpensesGrp/TotalAmt0456335
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0263511
IRS990/OtherAssetsTotalGrp/EOYAmt017997
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0225338
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0658953
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0884291
IRS990/OtherLiabilitiesGrp/BOYAmt038833
IRS990/OtherLiabilitiesGrp/EOYAmt0107935
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0206349
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0206349
IRS990/OtherRevenueTotalAmt0206349
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0206225
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02454852
IRS990/OtherSalariesAndWagesGrp/TotalAmt02661077
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01359731
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02482426
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010409
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010475
IRS990/PrincipalOfficerNm0RAUL RUSSI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07216941
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01085741
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02129064
IRS990/PYOtherRevenueAmt0292206
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0188800
IRS990/PYSalariesCompEmpBnftPaidAmt04105542
IRS990/PYTotalExpensesAmt07320347
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07509147
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-54678
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020264
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020268
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06777367
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07216941
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt07540307
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt06549172
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt06791805
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt034875592
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0206436
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0292206
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0363761
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt091
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0110
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0862604
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0206349
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02241
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt039
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0559543
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0497868
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01266040
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94248
IRS990ScheduleA/PublicSupportPY170Pct00.94790
IRS990ScheduleA/PublicSupportTotal170Amt034875592
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X

Document Assets

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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
2021Detailed filing. Detailed filing data is available for this year.$3.44$5.21$1.77$6.98$7.04$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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