Civic Intelligence

Seeds for Progress Foundation Inc.

990 • Fiscal year 2018 • EIN 46-2393827

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

2333 Ponce de Leon Boulevard Room 6Coral Gables, FL 33134

(786) 254-2300

Siviq Scores

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

Liabilities / Assets

85th percentile

0.64x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.27x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

66th percentile

10.0%

Higher net margin than 66% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

83rd percentile

22%

Faster asset growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

36th percentile

-1.2%

Faster revenue growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$423,383

Up $76,142 (+22%) from 2017

Net Assets

Up

$150,685

Up $101,457 (+206%) from 2017

Liabilities

Down

$272,698

Down $25,315 (-8.5%) from 2017

Revenue

Down

$1,016,473

Down $11,948 (-1.2%) from 2017

Expenses

Down

$915,016

Down $104,412 (-10%) from 2017

Net Income

Up

$101,457

Up $92,464 (+1028%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2014: $292,105Liabilities 2014: $229,912Net Assets 2014: $62,1932014Assets 2015: $351,371Liabilities 2015: $286,637Net Assets 2015: $64,7342015Assets 2016: $191,462Liabilities 2016: $151,227Net Assets 2016: $40,2352016Assets 2017: $347,241Liabilities 2017: $298,013Net Assets 2017: $49,2282017Assets 2018: $423,383Liabilities 2018: $272,698Net Assets 2018: $150,6852018Assets 2019: $666,528Liabilities 2019: $328,293Net Assets 2019: $338,2352019Assets 2020: $948,181Liabilities 2020: $478,872Net Assets 2020: $469,3092020Assets 2021: $615,436Liabilities 2021: $206,554Net Assets 2021: $408,8822021Assets 2022: $532,275Liabilities 2022: $70,239Net Assets 2022: $462,0362022Assets 2023: $262,208Liabilities 2023: $194,104Net Assets 2023: $68,1042023Assets 2024: $243,992Liabilities 2024: $105,368Net Assets 2024: $138,6242024

Highlighted filing

2018

Assets$423,383
Liabilities$272,698
Net Assets$150,685

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2014: $620,495Expenses 2014: $585,888Net Income 2014: $34,6072014Revenue 2015: $863,216Expenses 2015: $860,675Net Income 2015: $2,5412015Revenue 2016: $924,514Expenses 2016: $949,013Net Income 2016: -$24,4992016Revenue 2017: $1,028,421Expenses 2017: $1,019,428Net Income 2017: $8,9932017Revenue 2018: $1,016,473Expenses 2018: $915,016Net Income 2018: $101,4572018Revenue 2019: $1,476,868Expenses 2019: $1,289,318Net Income 2019: $187,5502019Revenue 2020: $1,970,098Expenses 2020: $1,839,024Net Income 2020: $131,0742020Revenue 2021: $1,288,709Expenses 2021: $1,349,136Net Income 2021: -$60,4272021Revenue 2022: $1,064,216Expenses 2022: $1,011,062Net Income 2022: $53,1542022Revenue 2023: $506,315Expenses 2023: $900,247Net Income 2023: -$393,9322023Revenue 2024: $850,521Expenses 2024: $780,001Net Income 2024: $70,5202024

Highlighted filing

2018

Revenue$1,016,473
Expenses$915,016
Net Income$101,457
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$1,086,049
Mission and Program Overview

Mission

To improve education and health awareness in underserved regions of the world, beginning with the northern region on Nicaragua.

To improve education in underserved regions of the world, beginning with the northern region on Nicaragua.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$194,595$328,205▲ $133,610
Accounts Receivable$113,705$63,073▼ $50,632
Land, Buildings, and Equipment, Net$38,565$31,729▼ $6,836
Prepaid Expenses and Deferred Charges$376$376→ $0
Total Assets$347,241$423,383▲ $76,142
Liabilities
Accounts Payable and Accrued Expenses$271,532$253,513▼ $18,019
Unsecured Notes Loans Payable$26,481$19,185▼ $7,296
Total Liabilities$298,013$272,698▼ $25,315
Net Assets / Fund Balance
Unrestricted Net Assets$49,228$150,685▲ $101,457
Total Net Assets Fund Balance$49,228$150,685▲ $101,457
Total Liabilities and Net Assets / Fund Balance$347,241$423,383▲ $76,142

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,970$49,912$80,882
Buildings$759$5,313$6,072
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$936,919
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$79,554
All Other Contributions
$936,919
Change in Net Assets
$101,457

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,016,473
Total Revenue per Audited Statements
$1,016,473
Total Revenue per Form 990
$1,016,473
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$704,822
Salaries, Compensation, and Employee Benefits$191,993
Grants and Similar Amounts Paid$18,201
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$77,215$50,882-$128,097
Travel$30,174$28,480-$58,654
Other Employee Benefits$14,545$23,155-$37,700
Payroll Taxes$16,226$9,970-$26,196
Advertising$4,374$14,474-$18,848
Foreign Grants$18,201--$18,201
Office Expenses$6,237$11,332-$17,569
Other Expenses$9,174$2,447-$11,621
Depreciation Depletion-$9,276-$9,276
Fees for Services Other$438$7,475-$7,913
Interest-$3,426-$3,426
Fees for Services Legal$3,229--$3,229
Occupancy-$1,372-$1,372
Royalties-$852-$852
Information Technology$29$485-$514
Total Functional Expenses$751,390$163,626$0$915,016

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$915,016
Total Expenses per Audited Statements$915,016
Total Expenses per Form 990$915,016
International Activity

International Summary

Offices
1
Employees
16
Spending
$18,201

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanGrants to recipientsBenevolent Giving116$18,201
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$149,130
Fundraising Direct Expenses$69,576
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$149,130$149,130$23,964$125,166
Total Events$149,130$149,130$69,576$79,554
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Payroll Taxes-
Paid Leave-
Accrued Expenses-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

The organization reviews the 990 form at a board meeting prior to submitting to the IRS.

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

The organiztion enforced compliance with its conflict of interest policy by reviewing it at board meetings.

Form 990, Part VI, Section C, Line 19

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

Form 990, Part VI, Section A, Line 2

Jose Antonio Baltodano, President and Duilio Baltodana Cabrera, Director are siblings.

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

The organization uses a written employment contract to establish the compensation of current employees.

Filing and Contact Details

Filer

Filer Name
Seeds For Progress Foundation Inc
EIN
46-2393827
Phone
7862542300
Address
2333 Ponce de Leon Boulevard Room 6, Coral Gables, FL 33134

Signing Officer

Name
Jose Antonio Baltodano
Title
President
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Antonio Baltodano
Formed
2013
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
304

Preparer

Firm
Foundation Group Inc
Address
1321 Murfreesboro Pike Ste 610, Nashville, TN 37217
Preparer
William G McRay
Phone
6153619445
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IRS990ScheduleA/PublicSupportCY170Pct00.56480
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt02470397
IRS990ScheduleA/SubstantialContributorsTotAmt01903168
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0936919
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01028421
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0924514
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0863216
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0620495
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04373565
IRS990ScheduleA/TotalSupportAmt04373565
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0759
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05313
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06072
IRS990ScheduleD/EquipmentGrp/BookValueAmt030970
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049912
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt080882
IRS990ScheduleD/ExpensesSubtotalAmt0915016
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Paid Leave
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Accrued Expenses
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt01016473
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031729
IRS990ScheduleD/TotalExpensesPerForm990Amt0915016
IRS990ScheduleD/TotalRevenuePerForm990Amt01016473
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01016473
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0915016
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt016
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt018201
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Benevolent Giving
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grants to recipients
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt018201
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0Wire
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt06
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0Scholarship
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt05005
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt0School Supplies
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt1Computer Equipment
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt2School Furniture
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Wire
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt036544
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt171937
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt231826
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Benevolent Assistance
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1School Supplies
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2Technology Equipment Donations to School
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt3Furniture Donations
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1Central America and the Caribbean
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2Central America and the Caribbean
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt3Central America and the Caribbean
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc1FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc2FMV
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt016
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt018201
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0The board of directors reviews organizations to determine needs and proposed uses of grant funds. The organizations are then routinely monitored via financial/progress reports, to ensure the funds are being used accordingly to accomplish proposed objective.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990ScheduleF/TotalEmployeeCnt016
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalOtherOrgCnt04
IRS990ScheduleF/TotalSpentAmt018201
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt069576
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gala
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0149130
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0149130
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0149130
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0149130
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt079554
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt023964
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt023964
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt045612
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt045612
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization reviews the 990 form at a board meeting prior to submitting to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organiztion enforced compliance with its conflict of interest policy by reviewing it at board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Jose Antonio Baltodano, President and Duilio Baltodana Cabrera, Director are siblings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization uses a written employment contract to establish the compensation of current employees.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0347241
IRS990/TotalAssetsEOYAmt0423383
IRS990/TotalAssetsGrp/BOYAmt0347241
IRS990/TotalAssetsGrp/EOYAmt0423383
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0936919
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0163626
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0751390
IRS990/TotalFunctionalExpensesGrp/TotalAmt0915016
IRS990/TotalGrossUBIAmt00

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