2022-05-10T14:57:36-05:00 2021-06-30 420714325 RSM US LLP 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2020-07-01 061818759 THE SEED SCHOOL OF MARYLAND SEED 4108439477 200 FONT HILL AVENUE BALTIMORE MD 212232703 KEVIN RIDGELY MANAGING DIRECTOR & CFO 4108439477 2022-05-06 1 KEVIN RIDGELY XXX-XX-XXXX MEREDITH BELL P01696827 2022932200 2022-05-05 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z KIRK SYKES 200 FONT HILL AVENUE BALTIMORE MD 212232703 18664909 0 X HTTPS://WWW.SEEDSCHOOLMD.ORG/ X 2007 MD THE SEED SCHOOL OF MD IS A STATEWIDE, PUBLIC, COLLEGE-PREPARATORY BOARDING SCHOOL. BY DESIGN AND STATE-LAW, SEED MD SERVES STUDENTS WHO COULD MOST BENEFIT FROM OUR 24-HOUR LEARNING ENVIRONMENT. 20 19 170 19 0 0 2073105 2646567 15585174 15865957 2615 1238 92926 132433 17753820 18646195 27000 28500 0 0 10574029 11040670 0 0 594430 7157337 6841243 17758366 17910413 -4546 735782 46476966 46101801 22979840 21868893 23497126 24232908 X THE SEED SCHOOL OF MARYLAND (SEED MARYLAND) IS A STATEWIDE, PUBLIC, COLLEGE-PREPARATORY BOARDING SCHOOL OFFERING AN EXTRAORDINARY LEARNING AND LIVING EXPERIENCE IN PREPARATION FOR COLLEGE AND BEYOND. THE MARYLAND GENERAL ASSEMBLY PASSED LEGISLATION TO ESTABLISH THE SCHOOL WHICH RECEIVES STATE, LOCAL AND PRIVATE FUNDS. THE MARYLAND STATE DEPT. OF EDUCATION (MSDE) OVERSEES THE SCHOOL AND HOLDS IT ACCOUNTABLE TO STATE AND FEDERAL STANDARDS FOR TEACHING AND LEARNING. BY DESIGN AND STATE-LAW, SEED MARYLAND SERVES STUDENTS WHO COULD MOST BENEFIT FROM OUR 24-HOUR LEARNING ENVIRONMENT. 0 0 12933929 28500 15865957 PROVIDE OUTSTANDING INTENSIVE RESIDENTIAL EDUCATION PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE. 12933929 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 170 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 1 0 0 MD X KEVIN RIDGELY 4108439477 200 FONT HILL AVENUE BALTIMORE MD 212232703 LESLEY D POOLE TRUSTEE/CEO OF SEED FND 2.00 41.00 X 0 279951 22507 RICHARD S TUCK BURCH CHAIRMAN 2.00 0.00 X X 0 0 0 BRIAN FIELD CORPORATE SECRETARY 2.00 0.00 X X 0 0 0 ERIC ADLER TRUSTEE 2.00 2.00 X 0 0 0 DENISE ANDREWS TRUSTEE 2.00 0.00 X 0 0 0 KAREN BARNES TRUSTEE 2.00 0.00 X 0 0 0 STEVE K FEDDER TRUSTEE 2.00 0.00 X 0 0 0 KELLY TUBMAN HARDY TRUSTEE 2.00 0.00 X 0 0 0 ANTHONY T HAWKINS TRUSTEE 2.00 0.00 X 0 0 0 DAWN KIRSTAETTER TRUSTEE 2.00 0.00 X 0 0 0 ERIC LOEB TRUSTEE 2.00 0.00 X 0 0 0 JOSEPH MARTEL TRUSTEE 2.00 0.00 X 0 0 0 HOLLY MCCULLOUGH TRUSTEE 2.00 0.00 X 0 0 0 STEVE MCMANUS TRUSTEE 2.00 0.00 X 0 0 0 MARC MILLER TRUSTEE 2.00 0.00 X 0 0 0 RCHRISTOPHER CHRIS ROSENTHAL TRUSTEE 2.00 0.00 X 0 0 0 SHANE P SMITH TRUSTEE 2.00 0.00 X 0 0 0 PAUL WHITE TRUSTEE 2.00 0.00 X 0 0 0 G WILLIAM C BILL WHITING TRUSTEE 2.00 0.00 X 0 0 0 KIRK SYKES HEAD OF SCHOOL 40.00 0.00 X 126813 0 48224 KEVIN RIDGELY MANAGING DIRECTOR & CFO 40.00 0.00 X 145940 0 29196 TIFFANY EVANS CO-HEAD OF SCHOOL THRU 8/2020 40.00 0.00 X 110244 0 10936 ERIKA ASIKOYE CO-HEAD OF SCHOOL THRU 8/2020 40.00 0.00 X 106976 0 21022 KATHRYN BYRAM DIRECTOR OF DEVELOPMENT 40.00 0.00 X 111252 0 26869 HOPE O'NEIL DIRECTOR OF ACADEMICS 40.00 0.00 X 115720 0 11419 716945 279951 170173 6 0 1 0 SEED FOUNDATION 1776 MASSACHUTSETTS AVENUE WASHINGTON DC 20036 MANAGEMENT FEES 653819 ALADDIN FOOD MANAGEMENT SERVICES 16567 COLLECTION CENTER DRIVE CHICAGO IL 60693 FOOD SERVICE 649886 BUTLER SECURITY 3604 ANNAPOLIS ROAD HALTHORPE MD 21227 SECURITY SERVICES 224305 AMAYA CLEANING 9620 ALDA DRIVE BALTIMORE MD 21234 CLEANING SERVICES 185702 F M HARVEY 128 COCKEYSVILLE ROAD HUNT VALLEY MD 21030 CONSTRUCTION SERVICES 150445 10 88517 1686289 871761 2646567 PER PUPIL ALLOCATION 900099 15865957 15865957 15865957 1238 1238 390 0 390 390 390 0 88517 18714 -18714 -18714 OTHER REVENUE 900099 150757 150757 150757 18646195 15865957 0 133671 28500 28500 517249 95275 327849 94125 8449612 7080203 1216133 153276 312283 253558 57737 988 1062985 897446 159954 5585 698541 568527 116298 13716 662835 220945 220945 220945 1050 1050 133972 133972 83606 83606 229264 12011 214180 3073 213157 40380 172453 324 1722217 326346 1380961 14910 6228 6000 199 29 506340 506340 1478064 1460348 17716 251396 251396 PROGRAM EXPENSE 1328014 1328014 STAFF EXPENSE 130681 87412 42580 689 OTHER EXPENSES 47509 22624 21721 3164 BANK FEES 46910 46910 17910413 12933929 4382054 594430 6806065 2736066 1501188 6463152 18052 21577 378674 45482 52555468 15719944 37772987 36835524 46476966 46101801 1361125 1191503 19662824 18704540 1952000 1955891 20850 22979840 21868893 X 23239769 23912567 257357 320341 23497126 24232908 46476966 46101801 735782 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47980184 11331476 36648708 190171 59147 131024 4385113 4329321 55792 36835524 DUE TO THE SEED FOUNDTION, INC. 20850 20850 X 18664909 0 18664909 -18714 -18714 18646195 17929127 18714 18714 17910413 0 17910413 PART X, LINE 2: THE SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. UNDER SECTION 501(C)(3) OF THE IRC, THE SCHOOL IS EXEMPT FROM FEDERAL TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE SCHOOL DID NOT HAVE ANY NET UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2021. THE SCHOOL FOLLOWS THE ACCOUNTING STANDARD OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE SCHOOL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES BASED UPON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAS TAKEN NO UNCERTAIN POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED ON PART VIII, LINE 8B -18,714. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 18,714. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL SHALL ADMIT STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN. IT WILL NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS, OR ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. SCHEDULE E, PART I, LINE 6 THE SEED SCHOOL OF MARYLAND RECEIVES A STUDENT ALLOCATION FROM THE STATE OF MARYLAND TO COVER THE COST OF ACADEMIC AND FACILITIES EXPENSES. UNDER THE CARES ACT, THE SCHOOL APPLIED FOR THE PPP LOAN WITH THE SBA AND RECEIVED $1,952,000 DURING THE YEAR ENDED JUNE 30, 2020. THE PPP LOAN HAS MATURITY DATE OF MARCH 27, 2022, WITH 18 MONTHLY PAYMENTS OF $108,444 TO BEGIN ON OCT 27, 2020. AT JUNE 30, 2021, THE PPP FUNDS WERE RECOGNIZED AS A REFUNDABLE ADVANCE OF $1,952,000 ON THE BALANCE SHEET. THE SCHOOL INTENDS TO USE THE FULL AMOUNT OF THE PPP FUNDS FOR PAYROLL AND OTHER QUALIFIED EXPENSES LISTED TO BE FORGIVEN PER THE TERMS OF THE REFUNDABLE ADVANCE. MANAGEMENT EXPECTS THE FULL AMOUNT TO BE FORGIVEN DURING THE YEAR ENDING JUNE 30, 2022. ON OCTOBER 22, 2021, THE SCHOOL RECEIVED FULL FORGIVENESS OF THE OUTSTANDING PRINCIPAL AND ACCRUED INTEREST ON THE PPP LOAN . THE HEBROPEN FUNDRAISER 45907 45907 THE SENIOR CELEBRATION 42610 42610 18714 88517 88517 18714 18714 -18714 1 SCHOLARSHIP FOR COLLEGE 12 28500 PART I, LINE 2: SCHOLARSHIP FOR COLLEGES: THE SELECTION IS BASED ON THEIR ACADEMIC PERFORMANCE AND ACTIVITIES WHILE AT SEED. DECIDED WITH INPUT FROM THE ACADEMIC. STUDENT LIFE , HOS AND OTHER DEPARTMENTS AS APPLICABLE AND APPROVED BY THE DONOR. THE FUNDS ARE PAID DIRECTLY TO THE SCHOOL THAT THE GRADUATE ATTENDS AND IS FORFEITED IF THE STUDENT DROPS OUT. X 1 1 X X X 0 0 0 0 0 0 0 1 0 LESLEY D POOLE TRUSTEE/CEO OF SEED FND 0 267887 0 10000 0 2064 0 13649 0 14624 0 308224 0 0 KEVIN RIDGELY MANAGING DIRECTOR & CFO 145940 0 0 0 0 0 9092 0 21174 0 176206 0 0 0 KIRK SYKES HEAD OF SCHOOL 126813 0 0 0 0 0 5077 0 43896 0 175786 0 0 0 PART I, LINE 1A KIRK SYKES, HEAD OF SCHOOL RECEIVED NON-TAXABLE HOUSING BENEFITS IN THE AMOUNT OF $12,000. PART I, LINE 3 THE SEED SCHOOL OF MARYLAND IS RELATED TO THE SEED FOUNDATION. THE SEED FOUNDATION PROVIDES THE COMPENSATION TO LESLEY POOLE. THE SCHOOL DOES NOT COMPENSATE THE INDIVIDUAL. THE SCHOOL RELIES ON ITS RELATED ORGANIZATION'S METHODOLOGY OF DETERMINING COMPENSATION. THE FOLLOWING ARE THE COMPENSATION DETERMINATION POLICIES OF THE SEED FOUNDATION. THE SEED FOUNDATION BOARD OF DIRECTORS APPROVES THE COMPENSATION OF ITS OFFICERS, DIRECTORS AND KEY EMPLOYEES AS PART OF APPROVING THE ANNUAL BUDGET. MEMBERS OF THE BOARD OF DIRECTORS RECEIVE NO COMPENSATION. THE BOARD OF DIRECTOR SET THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES BY CONSIDERING TWO FACTORS: 1) AN INFORMAL MARKET ANALYSIS OF COMPARABLE POSITIONS 2) WHAT THE ORGANIZATION CAN AFFORD TO PAY BASED ON IT BUDGET CONSTRAINTS. PART I, LINE 7 EMPLOYEES LISTED IN PART VII AND SCHEDULE J, PART II RECEIVED AMOUNT FOR FILLING IN AS INTERIM HEAD OF SCHOOL. A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2019-10-17 20500000 REFINANCE AND RENOVATIONS 0 0 0 A 1512000 20500000 315077 19733248 451675 2019 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 A 1 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS BEING PREPARED BY RSM US, LLP .THE COMPLETED FORM IS FORWARDED TO THE HEAD OF SCHOOL AND THE MANAGING DIRECTOR & CFO OF THE SCHOOL AND THE SEED FOUNDATION FOR REVIEW AND APPROVAL BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE HEAD OF SCHOOL IS DETERMINED BY THE BOARD OF DIRECTORS AND REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS EXECUTIVE COMMITTEE. IN ADDITION, A COMPARATIVE SALARY SURVEY WAS PERFORMED BY THE BOARD AT TIME OF HIRE. THE BOARD DECISIONS WERE IN THE BOARD MINUTES AT THE THE TIME OF HIRE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). SEED FOUNDATION 1776 MASSACHUTSETTS AVENUE WASHINGTON DC 20036 541850819 MANAGERIAL SUPPORT AND DEVELOPMENT OF SCHOOLS DC 501(C)(3) LINE 11 N/A 0 THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON DC 4300 C STREET SE WASHINGTON DC 20019 522099612 BOARDING SCHOOL DC 501(C)(3) LINE 2 THE SEED FOUNDATION 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0