Civic Intelligence

Seek Foundation Inc.

990 • Fiscal year 2020 • EIN 46-1652355

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 14, 2021

990 Biscayne Blvd Office 503Miami, FL 33132

(305) 639-0142

Siviq Scores

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

Liabilities / Assets

79th percentile

0.37x

Higher debt load relative to assets than 79% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.15x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

72nd percentile

21%

Higher net margin than 72% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

77th percentile

$71,760

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

99th percentile

866%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

85th percentile

46%

Faster revenue growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$227,882

Up $204,298 (+866%) from 2019

Net Assets

Up

$142,882

Up $119,298 (+506%) from 2019

Liabilities

Up

$85,000

Up $85,000 from 2019

Revenue

Up

$570,296

Up $180,236 (+46%) from 2019

Expenses

Up

$450,998

Up $61,170 (+16%) from 2019

Net Income

Up

$119,298

Up $119,066 (+51322%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2013: $403Liabilities 2013: $02013Assets 2014: $779Liabilities 2014: $02014Assets 2015: $43Liabilities 2015: $02015Assets 2016: $11,507Net Assets 2016: $11,5072016Assets 2017: $23,352Liabilities 2017: $02017Assets 2018: $23,352Liabilities 2018: $48,4242018Assets 2019: $23,584Liabilities 2019: $0Net Assets 2019: $23,5842019Assets 2020: $227,882Liabilities 2020: $85,000Net Assets 2020: $142,8822020Assets 2021: $237,196Liabilities 2021: $508,091Net Assets 2021: -$270,8952021Assets 2022: $137,743Liabilities 2022: $527,996Net Assets 2022: -$390,2532022Assets 2023: $63,555Liabilities 2023: $502,290Net Assets 2023: -$438,7352023

Highlighted filing

2020

Assets$227,882
Liabilities$85,000
Net Assets$142,882

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $17,435Expenses 2013: $17,032Net Income 2013: $4032013Revenue 2014: $68,919Expenses 2014: $68,543Net Income 2014: $3762014Revenue 2015: $111,353Expenses 2015: $112,089Net Income 2015: -$7362015Revenue 2016: $176,677Expenses 2016: $165,213Net Income 2016: $11,4642016Revenue 2017: $31,227Expenses 2017: $19,382Net Income 2017: $11,8452017Revenue 2018: $135,447Expenses 2018: $183,871Net Income 2018: -$48,4242018Revenue 2019: $390,060Expenses 2019: $389,828Net Income 2019: $2322019Revenue 2020: $570,296Expenses 2020: $450,998Net Income 2020: $119,2982020Revenue 2021: $393,214Expenses 2021: $605,307Net Income 2021: -$212,0932021Revenue 2022: $628,282Expenses 2022: $769,085Net Income 2022: -$140,8032022Revenue 2023: $870,935Expenses 2023: $919,417Net Income 2023: -$48,4822023

Highlighted filing

2020

Revenue$570,296
Expenses$450,998
Net Income$119,298
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 14, 2021
Return Version
2020v4.0
Gross Receipts
$570,296
Mission and Program Overview

Mission

The mission of S.E.E.K Foundation is to empower teenagers, parents, teachers, and the community to help Increase access and opportunities for tomorrow's leaders to build products and learn specific skills through STEM/STEAM Education Programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,247$210,545▲ $204,298
Land, Buildings, and Equipment, Net$17,337$17,337→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$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
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$23,584$227,882▲ $204,298
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$0$85,000▲ $85,000
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$85,000▲ $85,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$23,584$142,882▲ $119,298
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$23,584$142,882▲ $119,298
Total Liabilities and Net Assets / Fund Balance$23,584$227,882▲ $204,298

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,337$0$17,337
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Anike SakariyawoPresidentFT$71,760$71,760

Board Members and Trustees

NameTitle
Calvin SakariyawoVice-President
Waziri SakariyawoAssistant Secretary
Krantee SingareSecretary
Summer Williams EsqTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$389,198
Program Service Revenue
$181,098
Investment Income
$0
Other Revenue
$0
All Other Contributions
$389,198
Change in Net Assets
$119,298

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$136,472Fair Market Value (FMV)
Total Noncash Contributions$136,472-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$328,896
Salaries, Compensation, and Employee Benefits$122,102
Total Fundraising Expense$108,910
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$58,794$58,794$58,793$176,381
Current Officers, Directors, Trustees, and Key Employees$28,704$28,704$14,352$71,760
Other Salaries and Wages$29,525$20,817$0$50,342
Office Expenses$11,492$11,493$0$22,985
Conferences and Meetings$0$0$20,973$20,973
Occupancy$15,755$0$0$15,755
Other Expenses$4,261$4,261$4,261$12,783
Fees for Services Other$0$0$10,000$10,000
Travel$6,502$0$0$6,502
Information Technology$2,400$2,400$531$5,331
Insurance$3,982$1,328$0$5,310
Fees for Services Legal$0$2,828$0$2,828
Royalties-$5-$5
Total Functional Expenses$210,014$132,074$108,910$450,998
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
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Electronic copies of the Form 990 are made available to each member of the governing body for review via email.

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

Annual conflict of interest disclosures are mandated.

Form 990, Part VI, Section B, Line 15

salary of the Executive Director, as well as all other officers and key employees, are determined after completion of a salary survey conducted by independent members of the governing body or compensation committee. The salary must be deemed reasonable.

Form 990, Part VI, Section C, Line 19

The governing document, bylaws, conflict of interest policy, and financial information is available to the public upon request. Copies of each filed 990 are available for public inspection at www.guidestar.org and https://apps.irs.gov/app/eos.

Filing and Contact Details

Filer

Filer Name
Seek Foundation Inc
EIN
46-1652355
Phone
3056390142
Address
990 Biscayne Blvd Office 503, Miami, FL 33132

Signing Officer

Name
Anike Sakariyawo
Title
President
Phone
3056390142
Signed
2021-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anike Sakariyawo
Formed
2012
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
4
Employees
10
Volunteers
10

Preparer

Firm
Swift Philanthropy Solutions
Address
PO Box 847, Windermere, FL 34786
Preparer
Melanie Swift Guin MNM
Phone
3212367292
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IRS990/ProgramServiceRevenueGrp/BusinessCd0611420
IRS990/ProgramServiceRevenueGrp/BusinessCd1611420
IRS990/ProgramServiceRevenueGrp/Desc0Program Fees
IRS990/ProgramServiceRevenueGrp/Desc1STEM Kit Sales
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0149589
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt131509
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0149589
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt131509
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0269223
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0338707
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0120837
IRS990/PYRevenuesLessExpensesAmt0232
IRS990/PYSalariesCompEmpBnftPaidAmt051121
IRS990/PYTotalExpensesAmt0389828
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0390060
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0119298
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0181098
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt05
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt06726
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt06726
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt029500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt025111
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt068063
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0389198
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0268948
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0107149
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt017731
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt029531
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0181098
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0120837
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt028298
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt013496
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt022146
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0365875
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0125000
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/InvestmentIncomeCYPct00
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IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt00
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IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt00
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IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94778
IRS990ScheduleA/PublicSupportPY509Pct00.92737
IRS990ScheduleA/PublicSupportTotal509Amt01235369
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt06726
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt06726
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt029500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt025111
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt068063
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt00
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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearAmt00

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