Seeds of Promise

EIN 38-3653224 • 501(c)3 • Grand Rapids, MI

Profile

Empowering urban residents to increase personal and neighborhood prosperity through building self-sustaining, self-transforming neighborhoods.

Refreshing map…

1168 Madison Ave SEGrand Rapids, MI 49507

www.seedsofpromise.net

Siviq Scores

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

0.84x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

0.22x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

-31%

Higher net margin than 19% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

-50%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

-47%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet

Liabilities / Assets92nd percentile

Assets

Down

$18,342

Down $18,710 (-50%) from 2023

Liabilities

$15,408

Up $2,929 (+23%) from 2023

Net Assets

Down

$2,934

Down $21,639 (-88%) from 2023

Operations

Liabilities / Revenue87th percentile Net Margin19th percentile

Revenue

Down

$69,186

Down $61,498 (-47%) from 2023

Expenses

Down

$90,825

Down $152,377 (-63%) from 2023

Net Income

-$21,639

Up $90,879 (+81%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

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

Highlighted filing

2024

Assets$18,342

Liabilities$15,408

Net Assets$2,934

Open 2024 Filing

Operations Trend

Revenue Growth19th percentile

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

Highlighted filing

2024

Revenue$69,186

Expenses$90,825

Net Income-$21,639

Open 2024 Filing

Filings

Most recent year

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

Open filing

Assets: $18,342
Liabilities: $15,408
Net assets: $2,934
Revenue: $69,186
Expenses: $90,825
Net income: -$21,639

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$0.18	$0.15	$0.03	$0.69	$0.91	$0.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.37	$0.12	$0.25	$1.31	$2.43	$1.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.54	$0.17	$1.37	$2.96	$2.40	$0.57
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.03	$0.22	$0.80	$2.62	$1.56	$1.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.05	$0.30	$0.24	$0.87	$1.21	$0.35
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.23	$0.12	$0.11	$1.43	$1.28	$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.07	$0.12	$0.05	$0.94	$1.33	$0.39
2017Summary only. Only limited summary data is available for this year.	$0.43	$0.09	$0.34	$1.26	$1.31	$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.39	$0.00	$0.39	$1.58	$1.43	$0.15
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.24	$0.00	$0.24	$1.69	$2.67	$0.97
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.22	$0.00	$1.22	$1.60	$1.58	$0.02
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.	$1.19	$0.00	$1.19	$1.65	$1.26	$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.79	$0.00	$0.79		$1.67
2011Summary only. Only limited summary data is available for this year.	$0.43	$0.00		$0.45	$0.17	$0.28

Latest Filing Detail

Jump To

Filing Snapshot

Filing Period: Jan 1, 2024 to Dec 31, 2024
Signed: Oct 8, 2025
Return Version: 2024v5.2
Gross Receipts: $69,186

Mission and Program Overview

Mission

Empowering urban residents to increase personal and neighborhood prosperity through building self-sustaining, self-transforming neighborhoods.

See Schedule 0

Program Services

Description	Grants	Expenses
SEE SCHEDULE O	-	$0

Compensation and Service Providers

Top Officer Pay81st percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
RONALD JIMMERSON	President	FT	$0	-	-
SHIRLEY CARTER	Treasurer	-	$0	-	-
JUANITA DEAN	Secretary	-	$0	-	-
REGENAIL THOMAS	Executive Director	-	$0	-	-
DERRICK THOMAS	Board Member	-	$0	-	-
VICKI HARRIS	Board Member	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Seeds of Promise
EIN: 38-3653224
In Care Of: % REGENAIL THOMAS
Address: 1168 MADISON AVE SE, Grand Rapids, MI 49507

Signing Officer

Name: Regenail Thomas
Title: Director
Phone: 6166350302
Signed: 2025-10-08
Discuss with paid preparer: No

Preparer

Firm: Tim Berghuis Accountant
Address: 345 BENJAMIN SE, Grand Rapids, MI 49506
Preparer: Tim Berghuis
Phone: 6166350302

Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountADVERTISING & MARKETING 1,089BANK FEES 1,017CAR & TRUCK 262DEPRECIATION EXP 926DUES & SUBS 218EVENT EXP 3,219INSURANCE 2,093INTEREST PAID 5,126JOB SUPPLIES 90MEALS 1,123OFFICE SUPPLIES & SOFTWARE 816PROGRAM EXP 384TAXES & LICENSES 60TELECOMMUNICATIONS 3,585TRAINING 67”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearOTHER LIABILITIES 12,479 15,408”

General explanation attachment

“Empowering urban residents to increase personal and neighborhood prosperity through building self-sustaining, self-transforming neighborhoods”

Raw XML Appendix158 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.

Path	#	Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	Grand Rapids
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	49507
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	27791
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	8839
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	69186
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-21639
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	8552
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	37052
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	18342
IRS990EZ/GrossReceiptsAmt	0	69186
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	9261
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	9503
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	24573
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	2934
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	24573
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	2934
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	10657
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	3	0.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	4	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	5	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	5	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	5	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	5	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	RONALD JIMMERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	SHIRLEY CARTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	JUANITA DEAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	REGENAIL THOMAS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	4	DERRICK THOMAS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	5	VICKI HARRIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	4	BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	5	BOARD MEMBER
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	0
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	20075
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	See Schedule 0
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	SEE SCHEDULE O
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	0
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	51541
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	MI
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	12479
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	15408
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	90825
IRS990EZ/TotalProgramServiceExpensesAmt	0	0
IRS990EZ/TotalRevenueAmt	0	69186
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	69186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	129804
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	280312
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	210996
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	85863
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	776161
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.97380
IRS990ScheduleA/PublicSupportPY170Pct	0	0.00000
IRS990ScheduleA/PublicSupportTotal170Amt	0	755833
IRS990ScheduleA/SubstantialContributorsTotAmt	0	20328
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	69186
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	129804
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	280312
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	210996
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	85863
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	776161
IRS990ScheduleA/TotalSupportAmt	0	776161
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Description AmountADVERTISING & MARKETING 1,089BANK FEES 1,017CAR & TRUCK 262DEPRECIATION EXP 926DUES & SUBS 218EVENT EXP 3,219INSURANCE 2,093INTEREST PAID 5,126JOB SUPPLIES 90MEALS 1,123OFFICE SUPPLIES & SOFTWARE 816PROGRAM EXP 384TAXES & LICENSES 60TELECOMMUNICATIONS 3,585TRAINING 67
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Category Beginning of Year End of YearOTHER LIABILITIES 12,479 15,408
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	EMPOWERING URBAN RESIDENTS TO INCREASE PERSONAL AND NEIGHBORHOOD PROSPERITY THROUGH BUILDING SELF-SUSTAINING, SELF-TRANSFORMING NEIGHBORHOODS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	General explanation attachment
ReturnHeader/BuildTS	0	2025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	false
ReturnHeader/BusinessOfficerGrp/PersonNm	0	REGENAIL THOMAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	6166350302
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2025-10-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	SEEDS OF PROMISE
ReturnHeader/Filer/BusinessNameControlTxt	0	SEED
ReturnHeader/Filer/EIN	0	383653224
ReturnHeader/Filer/InCareOfNm	0	% REGENAIL THOMAS
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	1168 MADISON AVE SE
ReturnHeader/Filer/USAddress/CityNm	0	Grand Rapids
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MI
ReturnHeader/Filer/USAddress/ZIPCd	0	49507
ReturnHeader/IRSResponsiblePrtyInfoCurrInd	0	true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	TIM BERGHUIS ACCOUNTANT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	345 BENJAMIN SE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Grand Rapids
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	49506
ReturnHeader/PreparerPersonGrp/PhoneNum	0	6166350302
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2025-10-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	TIM BERGHUIS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd	0	X
ReturnHeader/ReturnTs	0	2025-10-09T13:38:50-04:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2024-01-01
ReturnHeader/TaxPeriodEndDt	0	2024-12-31
ReturnHeader/TaxYr	0	2024