Civic Intelligence

Seeds for Progress Foundation Inc.

990 • Fiscal year 2020 • EIN 46-2393827

Jan 01, 2020 to Dec 31, 2020 • Filed on Jan 13, 2022

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

0.51x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.24x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

53rd percentile

6.7%

Higher net margin than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

84th percentile

42%

Faster asset growth than 84% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

82nd percentile

33%

Faster revenue growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$948,181

Up $281,653 (+42%) from 2019

Net Assets

Up

$469,309

Up $131,074 (+39%) from 2019

Liabilities

Up

$478,872

Up $150,579 (+46%) from 2019

Revenue

Up

$1,970,098

Up $493,230 (+33%) from 2019

Expenses

Up

$1,839,024

Up $549,706 (+43%) from 2019

Net Income

Down

$131,074

Down $56,476 (-30%) from 2019

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

2020

Assets$948,181
Liabilities$478,872
Net Assets$469,309

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

2020

Revenue$1,970,098
Expenses$1,839,024
Net Income$131,074
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jan 13, 2022
Return Version
2020v4.1
Gross Receipts
$2,028,078
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$426,373$531,846▲ $105,473
Accounts Receivable$211,495$384,099▲ $172,604
Land, Buildings, and Equipment, Net$27,236$30,602▲ $3,366
Prepaid Expenses and Deferred Charges$1,424$1,634▲ $210
Total Assets$666,528$948,181▲ $281,653
Liabilities
Accounts Payable and Accrued Expenses$287,445$431,294▲ $143,849
Deferred Revenue$22,000$37,193▲ $15,193
Unsecured Notes Loans Payable$18,848$10,385▼ $8,463
Total Liabilities$328,293$478,872▲ $150,579
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$338,235$249,838▼ $88,397
Net Assets With Donor Restrictions-$219,471-
Total Net Assets Fund Balance$338,235$469,309▲ $131,074
Total Liabilities and Net Assets / Fund Balance$666,528$948,181▲ $281,653

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,544$55,898$85,442
Other Land Buildings$1,058$17,567$18,625
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,823,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$147,098
All Other Contributions
$1,823,000
Change in Net Assets
$131,074

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,970,098
Total Revenue per Audited Statements
$1,970,098
Total Revenue per Form 990
$1,970,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,306,788
Grants and Similar Amounts Paid$287,364
Salaries, Compensation, and Employee Benefits$244,872
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$287,364--$287,364
Other Salaries and Wages-$126,596-$126,596
Other Employee Benefits-$85,290-$85,290
Other Expenses$74,770--$74,770
Fees for Services Other-$58,887-$58,887
Office Expenses-$33,260-$33,260
Payroll Taxes-$32,986-$32,986
Travel-$30,801-$30,801
Advertising-$16,389-$16,389
Depreciation Depletion-$12,584-$12,584
Fees for Services Legal-$9,396-$9,396
All Other Expenses$2,959$5,141-$8,100
Occupancy-$6,221-$6,221
Interest-$3,269-$3,269
Conferences and Meetings-$635-$635
Insurance-$520-$520
Total Functional Expenses$1,417,049$421,975$0$1,839,024

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,839,024
Total Expenses per Audited Statements$1,839,024
Total Expenses per Form 990$1,839,024
International Activity

International Summary

Offices
1
Employees
16
Spending
$1,417,049

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$1,417,049
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$205,078
Fundraising Direct Expenses$57,980
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$205,078$205,078$57,980$147,098
Total Events$205,078$205,078$57,980$147,098
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
No
Other officer compensation reviewed
No
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 1A

Indiana Baltodano, Vice President, is the niece of Jose Antonio Baltodano, President.

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
2022-01-13
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
8

Preparer

Firm
Foundation Group Inc
Address
1321 Murfreesboro Pike Ste 610, Nashville, TN 37217
Preparer
William G McRay
Phone
6153619445
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02028078
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01249981
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0936919
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01028421
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0924514
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06167913
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.76620
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt04726060
IRS990ScheduleA/SubstantialContributorsTotAmt01441853
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02028078
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01249981
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0936919
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01028421
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0924514
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06167913
IRS990ScheduleA/TotalSupportAmt06167913
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/BookValueAmt029544
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055898
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085442
IRS990ScheduleD/ExpensesSubtotalAmt01839024
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01058
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017567
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/RevenueSubtotalAmt01970098
IRS990ScheduleD/TotalBookValueLandBuildingsAmt030602
IRS990ScheduleD/TotalExpensesPerForm990Amt01839024
IRS990ScheduleD/TotalRevenuePerForm990Amt01970098
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01970098
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01839024
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt016
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01417049
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Education, Scholarships, and Health
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0105000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Healthcare Relief
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt016
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt01417049
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 bing used accordingly to accomplish proposed objectives.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 1
IRS990ScheduleF/TotalEmployeeCnt016
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TotalSpentAmt01417049
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt057980
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gala
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0205078
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0205078
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0205078
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0205078
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0147098
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt057980
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt057980
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/ExplanationTxt3Indiana Baltodano, Vice President, is the niece of Jose Antonio Baltodano, President.
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 1a
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0666528
IRS990/TotalAssetsEOYAmt0948181
IRS990/TotalAssetsGrp/BOYAmt0666528
IRS990/TotalAssetsGrp/EOYAmt0948181
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01823000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0421975
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01417049
IRS990/TotalFunctionalExpensesGrp/TotalAmt01839024
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0328293
IRS990/TotalLiabilitiesEOYAmt0478872
IRS990/TotalLiabilitiesGrp/BOYAmt0328293
IRS990/TotalLiabilitiesGrp/EOYAmt0478872
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0338235
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0469309
IRS990/TotalProgramServiceExpensesAmt01417049
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01970098
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0666528
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0948181
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt030801
IRS990/TravelGrp/TotalAmt030801
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

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