Civic Intelligence

Schoolseed Foundation

EIN 26-4477567 • 501(c)3 • Memphis, TN

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Profile

Schoolseed is an independent nonprofit organization whose mission is to support public schools in Shelby County by: (1) Raising money for programs that federal, state, and local

P O Box 111169Memphis, TN 38111

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.72x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

3.05x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

66th percentile

13%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

81st percentile

20%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

54th percentile

8.5%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$14,096,359

Up $4,379,343 (+45%) from 2022

Liabilities

Up

$10,170,310

Up $9,855,883 (+3135%) from 2022

Net Assets

Down

$3,926,049

Down $5,476,540 (-58%) from 2022

Operations
Liabilities / Revenue91st percentileNet Margin66th percentile

Revenue

Up

$3,330,167

Up $503,774 (+18%) from 2022

Expenses

Down

$2,885,249

Down $2,280,490 (-44%) from 2022

Net Income

Up

$444,918

Up $2,784,264 (+119%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth81st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $18,010,314Liabilities 2010: $14,649,436Net Assets 2010: $3,360,8782010Assets 2011: $16,123,611Liabilities 2011: $9,277,392Net Assets 2011: $6,846,2192011Assets 2012: $19,516,861Liabilities 2012: $9,215,517Net Assets 2012: $10,301,3442012Assets 2014: $24,446,184Liabilities 2014: $18,793,346Net Assets 2014: $5,652,8382014Assets 2015: $22,296,360Liabilities 2015: $16,681,206Net Assets 2015: $5,615,1542015Assets 2016: $11,521,450Liabilities 2016: $6,085,500Net Assets 2016: $5,435,9502016Assets 2017: $2,848,062Liabilities 2017: $501,935Net Assets 2017: $2,346,1272017Assets 2018: $1,840,335Liabilities 2018: $113,273Net Assets 2018: $1,727,0622018Assets 2020: $5,107,519Liabilities 2020: $2,259,545Net Assets 2020: $2,847,9742020Assets 2021: $7,252,651Liabilities 2021: $2,113,209Net Assets 2021: $5,139,4422021Assets 2022: $9,717,016Liabilities 2022: $314,427Net Assets 2022: $9,402,5892022Assets 2024: $14,096,359Liabilities 2024: $10,170,310Net Assets 2024: $3,926,0492024

Highlighted filing

2024

Assets$14,096,359
Liabilities$10,170,310
Net Assets$3,926,049
Open 2024 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $1,328,3532010Expenses 2011: $1,336,0322011Expenses 2012: $1,142,1552012Revenue 2014: $3,955,131Expenses 2014: $4,489,795Net Income 2014: -$534,6642014Revenue 2015: $4,193,065Expenses 2015: $4,225,196Net Income 2015: -$32,1312015Revenue 2016: $2,802,945Expenses 2016: $2,998,033Net Income 2016: -$195,0882016Revenue 2017: $2,685,595Expenses 2017: $5,841,095Net Income 2017: -$3,155,5002017Revenue 2018: $1,104,873Expenses 2018: $1,618,381Net Income 2018: -$513,5082018Revenue 2020: $7,793,603Expenses 2020: $7,395,378Net Income 2020: $398,2252020Revenue 2021: $4,454,713Expenses 2021: $2,295,013Net Income 2021: $2,159,7002021Revenue 2022: $2,826,393Expenses 2022: $5,165,739Net Income 2022: -$2,339,3462022Revenue 2024: $3,330,167Expenses 2024: $2,885,249Net Income 2024: $444,9182024

Highlighted filing

2024

Revenue$3,330,167
Expenses$2,885,249
Net Income$444,918
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,096,359
Liabilities
$10,170,310
Net assets
$3,926,049
Revenue
$3,330,167
Expenses
$2,885,249
Net income
$444,918
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.1$10.2$3.93$3.33$2.89$0.44
2022Detailed filing. Detailed filing data is available for this year.$9.72$0.31$9.40$2.83$5.17$2.34
2021Detailed filing. Detailed filing data is available for this year.$7.25$2.11$5.14$4.45$2.30$2.16
2020Detailed filing. Detailed filing data is available for this year.$5.11$2.26$2.85$7.79$7.40$0.40
2018Detailed filing. Detailed filing data is available for this year.$1.84$0.11$1.73$1.10$1.62$0.51
2017Detailed filing. Detailed filing data is available for this year.$2.85$0.50$2.35$2.69$5.84$3.16
2016Detailed filing. Detailed filing data is available for this year.$11.5$6.09$5.44$2.80$3.00$0.20
2015Detailed filing. Detailed filing data is available for this year.$22.3$16.7$5.62$4.19$4.23$0.03
2014Detailed filing. Detailed filing data is available for this year.$24.4$18.8$5.65$3.96$4.49$0.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.5$9.22$10.3$1.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$9.28$6.85$1.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$14.6$3.36$1.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 16, 2025
Return Version
2024v5.2
Gross Receipts
$3,330,167
Mission and Program Overview

Mission

Schoolseed is an independent, nonprofit organization whose mission isto support public schools in shelby county by:(1) raising money for programs that federal, state, and localgovernment funding sources are unable to support,(2) coordinating community efforts to support the district,(3) helping schools develop more effective educational practices, and(4) by providing continuing educational opportunities for teachers andadministrators.

Our mission is to impact the lives of children and their families through programs deeply rooted in the community we serve. SchoolSeed is dedicated to enhancing both learning and well-being of children and their families by delivering resources into the lives of children and families in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$877,461$3,743,786▲ $2,866,325
Other Notes and Loans Receivable, Net$3,796,081$1,757,846▼ $2,038,235
Savings and Temporary Cash Investments$1,171,562$1,677,402▲ $505,840
Land, Buildings, and Equipment, Net$0$1,513,887▲ $1,513,887
Pledges and Grants Receivable$413,068$1,270,811▲ $857,743
Accounts Receivable$21,681$866,999▲ $845,318
Total Assets$12,196,218$14,096,359▲ $1,900,141
Other Assets Total$5,916,365$3,265,628▼ $2,650,737
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,062$10,128,104▲ $10,124,042
Accounts Payable and Accrued Expenses$9,864,461$42,206▼ $9,822,255
Other Liabilities$0$0→ $0
Total Liabilities$9,868,523$10,170,310▲ $301,787
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,327,695$3,926,049▲ $1,598,354
Total Net Assets Fund Balance$2,327,695$3,926,049▲ $1,598,354
Total Liabilities and Net Assets / Fund Balance$12,196,218$14,096,359▲ $1,900,141

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$497,082$1,956,129$0
Land$330,000-$0
Equipment$650,289$0$0
Leasehold Improvements$36,516$0$0
Other Assets Org$3,265,628--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Vincent McCaskillPresident/ CEOFT$207,668$207,668
Vincent McCaskill--$207,668$207,668

Board Members and Trustees

NameTitle
William MitchellChairman
Beverly CrossDirector
David CockeDirector
Regina WalkerDirector
Lisa Wheeler JenkinsSecretary
Ken FosterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,737,285
Program Service Revenue
$252,775
Investment Income
$340,107
Other Revenue
$0
All Other Contributions
$2,737,285
Change in Net Assets
$444,918

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,443,370
Total Revenue per Audited Statements
$3,443,370
Total Revenue per Form 990
$3,443,370
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,080,482
Salaries, Compensation, and Employee Benefits$804,767
Total Fundraising Expense$170,898
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$462,562$186,560$39,124$688,246
All Other Expenses$486,393$178,475$16,028$680,896
Other Expenses$110,730$133,819$827$245,376
Travel$126,040$45,667$10,960$182,667
Advertising$56,080$20,319$4,877$81,276
Occupancy$36,643$28,634$245$65,522
Other Employee Benefits$42,504$19,252$3,553$65,309
Depreciation Depletion$17,978$34,370$529$52,877
Payroll Taxes$32,983$15,493$2,736$51,212
Insurance$22,761$17,573$148$40,482
Interest$0$10,021$0$10,021
Conferences and Meetings$4,291$1,555$373$6,219
Total Functional Expenses$1,783,675$930,676$170,898$2,885,249

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,885,249
Total Expenses per Audited Statements$2,885,249
Total Expenses per Form 990$2,885,249
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liability$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
Filing and Contact Details

Filer

Filer Name
SchoolSeed Foundation
EIN
26-4477567
Phone
9012071472
Address
P O Box 111169, Memphis, TN 38111
Doing Business As
SchoolSeed

Signing Officer

Name
Vincent McCaskill
Title
President
Phone
9012071472
Signed
2025-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vincent McCaskill
Formed
2009
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
6

Preparer

Firm
Banks Finley White & Co
Address
617 37TH STREET SOUTH, BIRMINGHAM, AL 35222
Preparer
Christopher Hearn
Phone
9012746702
Supplemental Narrative

Additional Explanations

Other

“Part I Line 1, continuation of organization mission: At SchoolSeed, we recognize that the journey to enrich our community starts with our families and the environments we nurture for our children. We are dedicated to fostering a network of support that uplifts every family and child. By collaborating closely with residents, local organizations, and businesses, we aim to extend impactful programs that reach deep into the heart of our community. Our mission is to ensure that every child benefits from initiatives that enhance not only educational outcomes but also holistic development and family stability. We believe that strong families form the backbone of thriving communities, and through targeted support and active engagement, we are committed to catalyzing lasting positive change right where it matters most-in our community.”

Other

“The foundation is a fiscal agent for several community partnerships that impact mental health, public safety, and youth development. The foundation administers funds for these grants in a fiduciary capacity to support the Memphis community. Some of these funds are required to be held in separate accounts at a financial institution and the foundation follows this requirement.”

Pt VI, Line 11B

“Board of Directors and Management review before signing and filing.”

Pt VI, Line 12C

“Review all transactions with board of directors.”

Pt VI, Line 15A

“Comparability Data is reviewed by the Board of Directors and final compensation is determined and approved by the board of directors.”

Pt VI, Line 15B

“No Officer or Director was compensated in the current year.”

Pt VI, Line 19

“The documents of the organization is made available upon request.”

Pt XI

“Kindred place acquisition”

Form 990, Part IX, Line 24E

“Supplies 552725. 371507. 165201. 16017.”

Form 990, Part IX, Line 24E

“Printing & Copying 1896. 910. 975. 11.”

Form 990, Part IX, Line 24E

“Continuing education 1055. 0. 1055. 0.”

Form 990, Part IX, Line 24E

“Sponsorships 88950. 88950. 0. 0.”

Form 990, Part IX, Line 24E

“Dues and subscriptions 36270. 25026. 11244. 0.”

Form 990, Part IX, Line 24E

“Grants issued 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“YHDP 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Youth Workforce Preparedness 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“BridgeUP GiddyUP(BUGU) 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Miscellaneous 0. 0. 0. 0.”

Financial Statement Notes

Pt IV, Line 2B

“The foundation serves as the fiscal agent for various local initiatives that impact families and children stability. This includes the Whitehaven STEM Inc. partnership which is in place to build the new Herbert STEM Center to support student educational outcomes. The Foundation will administer funds in a fiduciary capacity for the benefit of community well-being and public education. These funds are required to be held in separate accounts at a financial institution and the foundation follows this requirement.”

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IRS990/ProgSrvcAccomActy2Grp/Desc0Sponsorships: Support core programs of schoolseed which include Bridge Up Giddy Up, Kindred Place and other community driven iniatives that impact children and families in the community.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SchoolSeed initiatives that support children and families: Support schoolseed programs aimed at specified initiatives that impact children in the community and their families most immediate needs.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: Administrative Income 2020: 48288. 2021: 59779. 2022: 87274. 2024: 245440. Description: Program Revenues 2024: 7335.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The foundation serves as the fiscal agent for various local initiatives that impact families and children stability. This includes the Whitehaven STEM Inc. partnership which is in place to build the new Herbert STEM Center to support student educational outcomes. The Foundation will administer funds in a fiduciary capacity for the benefit of community well-being and public education. These funds are required to be held in separate accounts at a financial institution and the foundation follows this requirement.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Part I Line 1, continuation of organization mission: At SchoolSeed, we recognize that the journey to enrich our community starts with our families and the environments we nurture for our children. We are dedicated to fostering a network of support that uplifts every family and child. By collaborating closely with residents, local organizations, and businesses, we aim to extend impactful programs that reach deep into the heart of our community. Our mission is to ensure that every child benefits from initiatives that enhance not only educational outcomes but also holistic development and family stability. We believe that strong families form the backbone of thriving communities, and through targeted support and active engagement, we are committed to catalyzing lasting positive change right where it matters most-in our community.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The foundation is a fiscal agent for several community partnerships that impact mental health, public safety, and youth development. The foundation administers funds for these grants in a fiduciary capacity to support the Memphis community. Some of these funds are required to be held in separate accounts at a financial institution and the foundation follows this requirement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board of Directors and Management review before signing and filing.

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