Civic Intelligence

Seeds for Progress Foundation Inc.

990 • Fiscal year 2019 • EIN 46-2393827

Jan 01, 2019 to Dec 31, 2019 • Filed on Jan 18, 2021

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

81st percentile

0.49x

Higher debt load relative to assets than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

67th percentile

0.22x

Higher debt load relative to revenue than 67% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

69th percentile

13%

Higher net margin than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

92nd percentile

57%

Faster asset growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

86th percentile

45%

Faster revenue growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$666,528

Up $243,145 (+57%) from 2018

Net Assets

Up

$338,235

Up $187,550 (+124%) from 2018

Liabilities

Up

$328,293

Up $55,595 (+20%) from 2018

Revenue

Up

$1,476,868

Up $460,395 (+45%) from 2018

Expenses

Up

$1,289,318

Up $374,302 (+41%) from 2018

Net Income

Up

$187,550

Up $86,093 (+85%) from 2018

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

2019

Assets$666,528
Liabilities$328,293
Net Assets$338,235

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

2019

Revenue$1,476,868
Expenses$1,289,318
Net Income$187,550
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jan 18, 2021
Return Version
2019v5.1
Gross Receipts
$1,543,378
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$328,205$426,373▲ $98,168
Accounts Receivable$63,073$211,495▲ $148,422
Land, Buildings, and Equipment, Net$31,729$27,236▼ $4,493
Prepaid Expenses and Deferred Charges$376$1,424▲ $1,048
Total Assets$423,383$666,528▲ $243,145
Liabilities
Accounts Payable and Accrued Expenses$253,513$287,445▲ $33,932
Deferred Revenue-$22,000-
Unsecured Notes Loans Payable$19,185$18,848▼ $337
Total Liabilities$272,698$328,293▲ $55,595
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$150,685$338,235▲ $187,550
Total Net Assets Fund Balance$150,685$338,235▲ $187,550
Total Liabilities and Net Assets / Fund Balance$423,383$666,528▲ $243,145

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,956$46,645$70,601
Other Land Buildings$3,280$15,345$18,625
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,249,981
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$226,887
All Other Contributions
$1,249,981
Change in Net Assets
$187,550

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,476,868
Total Revenue per Audited Statements
$1,476,868
Total Revenue per Form 990
$1,476,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,101,902
Salaries, Compensation, and Employee Benefits$166,935
Grants and Similar Amounts Paid$20,481
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising-$208,797-$208,797
Travel$84,644$106,935-$191,579
Other Salaries and Wages-$112,073-$112,073
Office Expenses$47,418$20,392-$67,810
Fees for Services Other-$29,071-$29,071
Payroll Taxes-$28,846-$28,846
Other Employee Benefits-$26,016-$26,016
Foreign Grants$20,481--$20,481
Information Technology$6,753$2,571-$9,324
Depreciation Depletion-$8,821-$8,821
All Other Expenses-$8,193-$8,193
Royalties-$7,762-$7,762
Occupancy$233$6,896-$7,129
Fees for Services Legal-$6,077-$6,077
Other Expenses$5,000--$5,000
Interest-$4,097-$4,097
Insurance$80--$80
Total Functional Expenses$712,771$576,547$0$1,289,318

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,289,319
Expenses per Audited Statements$1,289,318
Total Expenses per Form 990$1,289,318
Expenses Not Reported on Form 990$1
International Activity

International Summary

Offices
1
Employees
16
Spending
$712,770

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 CaribbeanProgram ServicesEducation, Scholarships, and Health116$712,770
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$293,397
Fundraising Direct Expenses$66,510
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala 2$200,676$200,676$11,118$189,558
Gala 1$92,721$92,721$7,412$85,309
Total Events$293,397$293,397$66,510$226,887
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 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

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 Baltodano 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
2021-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Antonio Baltodano
Formed
2013
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
28

Preparer

Firm
Foundation Group Inc
Address
1321 Murfreesboro Pike Ste 610, Nashville, TN 37217
Preparer
William G McRay
Phone
6153619445
Supplemental Narrative

Financial Statement Notes

XII D

Audit beginning balance net assets is 1 more than 2018 990 ending balance of net assets

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt07762
IRS990/RoyaltiesGrp/TotalAmt07762
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01249981
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0936919
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01028421
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0924514
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0863216
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05003051
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0226887
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.56480
IRS990ScheduleA/PublicSupportTotal170Amt05003051
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01249981
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0936919
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01028421
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0924514
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0863216
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05003051
IRS990ScheduleA/TotalSupportAmt05003051
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/EquipmentGrp/BookValueAmt023956
IRS990ScheduleD/EquipmentGrp/DepreciationAmt046645
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt070601
IRS990ScheduleD/ExpensesNotReportedAmt01
IRS990ScheduleD/ExpensesSubtotalAmt01289318
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherExpensesIncludedAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03280
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015345
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018625
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/RevenueSubtotalAmt01476868
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Audit beginning balance net assets is 1 more than 2018 990 ending balance of net assets
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XII d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027236
IRS990ScheduleD/TotalExpensesPerForm990Amt01289318
IRS990ScheduleD/TotalRevenuePerForm990Amt01476868
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01476868
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01289319
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt016
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0712770
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Education, Scholarships, and Health
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt020481
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0Wire
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt06
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0Scholarships
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt016
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt0712770
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0The board of directors reviews individuals to determine needs of scholarships. The individuals are then routinely monitored via financial/progress reports, to ensure the scholarships are being used accordingly to accomplish proposed objective.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 1
IRS990ScheduleF/TotalEmployeeCnt016
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt0712770
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt066510
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gala 1
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Gala 2
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt092721
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0200676
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0293397
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt092721
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0200676
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0293397
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0226887
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt018530
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07412
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt011118
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt019192
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt028788
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt047980
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 Baltodano 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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0423383
IRS990/TotalAssetsEOYAmt0666528
IRS990/TotalAssetsGrp/BOYAmt0423383
IRS990/TotalAssetsGrp/EOYAmt0666528
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01249981
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0576547
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0712771
IRS990/TotalFunctionalExpensesGrp/TotalAmt01289318
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0272698
IRS990/TotalLiabilitiesEOYAmt0328293
IRS990/TotalLiabilitiesGrp/BOYAmt0272698
IRS990/TotalLiabilitiesGrp/EOYAmt0328293
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0150685
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0338235
IRS990/TotalProgramServiceExpensesAmt0712771

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