2020-07-14T15:47:32-05:00 2019-06-30 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2018-07-01 061818759 THE SEED SCHOOL OF MARYLAND INC SEED 4108439477 200 FONT HILL AVENUE BALTIMORE MD 212232703 KEVIN RIDGELY MANAGING DIRECTOR & CFO 4108439477 2020-07-09 1 WILLIAM E TURCO CPA P00369217 3012963600 66.98.98.8 2020-07-09 09:10:32 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 00BFBB601F26E6691F3C42FDB75EEBE807206D5E 2018 2021-01-29 14:40:06Z TIFFANY EVANS 200 FONT HILL AVENUE BALTIMORE MD 212232703 17277376 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. 23 22 198 3 0 0 2050312 1662291 15096855 15385549 3710 60 -3807 167173 17147070 17215073 15000 15000 0 0 10476735 10341131 0 0 544016 7086935 6921742 17578670 17277873 -431600 -62800 45545209 44500524 21980737 20998852 23564472 23501672 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 13420739 15000 15385549 PROVIDE OUTSTANDING INTENSIVE RESIDENTIAL EDUCATION PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE. 13420739 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 2 0 1 198 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 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 RICHARD S TUCK BURCH CHAIRMAN 2.00 X X 0 0 0 EARL ADAMS TRUSTEE 2.00 X 0 0 0 ERIC ADLER TRUSTEE 2.00 X 0 0 0 ELIJAH CUMMINGS TRUSTEE 2.00 X 0 0 0 JENNIFER CURRAN TRUSTEE 2.00 X 0 0 0 STEVE K FEDDER TRUSTEE 2.00 X 0 0 0 KELLY TUBMAN HARDY TRUSTEE 2.00 X 0 0 0 ANTHONY T HAWKINS TRUSTEE 2.00 X 0 0 0 DOUGLAS HOFFBERGER TRUSTEE 2.00 X 0 0 0 PAULA HOLLINGER TRUSTEE 2.00 X 0 0 0 DAWN KIRSTAETTER TRUSTEE 2.00 X 0 0 0 HEATHER A KLINK TRUSTEE 2.00 X 0 0 0 KEVIN LILES TRUSTEE 2.00 X 0 0 0 ERIC LOEB TRUSTEE 2.00 X 0 0 0 JOSEPH MARTEL TRUSTEE 2.00 X 0 0 0 HOLLY MCCULLOUGH TRUTEE 2.00 X 0 0 0 STEVE MCMANUS TRUSTEE 2.00 X 0 0 0 MARC MILLER TRUSTEE 2.00 X 0 0 0 LESLEY D POOLE TRUSTEE 2.00 X 0 237932 19372 RCHRISTOPHER CHRIS ROSENTHAL TRUSTEE 2.00 X 0 0 0 SHANE P SMITH TRUSTEE 2.00 X 0 0 0 PAUL WHITE TRUSTEE 2.00 X 0 0 0 GWILLIAM C BILL WHITING TRUSTEE 2.00 X 0 0 0 BRIAN FIELD CORPORATE SECRETARY 2.00 X 0 0 0 TIFFANY EVANS CO-HEAD OF SCHOOL 40.00 X 117970 0 30403 ERIKA ASIKOYE CO-HEAD OF SCHOOL 40.00 X 111903 0 27686 KEVIN RIDGELY MANAGING DIRECTOR & CFO 40.00 X 141779 0 27554 KATIE BYRUM DIR. OF DEVELOPMENT 40.00 X 104919 0 3148 476571 237932 108163 4 0 1 0 ALADDIN FOOD MANAGEMENT SERVICES 16567 COLLECTIONS CENTER DR CHICAGO IL 606938474 FOOD SERVICE 774142 WOODLAWN MOTOR COACH INC 6523 BALTIMORE NATIONAL PIKE BALTIMORE MD 21228 TRANSPORTATION 458942 BUTLER SECURITY 3604 ANNAPOLIS ROAD HALTHORPE MD 21227 SECURITY SERVICES 283427 ANAGO OF BALTIMORE 1406 B CRAIN HWY SOUTH SUITE 103 GLEN BURNIE MD 21061 CLEANING SERVICES 147500 SHI INTERNATIONAL 290 DAVIDSON AVE SOMERSET NJ 08873 COMPUTERS AND SUPPLIES 119076 5 9992 1093247 559052 1662291 PER PUPIL ALLOCATION 900099 15385549 15385549 15385549 60 60 20150 0 20150 20150 20150 178569 9992 62303 116266 116266 OTHER REVENUE 900099 30757 30757 30757 17215073 15385549 0 167233 15000 15000 542239 428569 113670 7953932 6536610 1293273 124049 326486 249317 72123 5046 877285 512421 335593 29271 641189 500871 126799 13519 472750 157583 157584 157583 1025 1025 153241 153241 90037 16825 72722 490 118937 17101 96836 5000 1499018 1199214 224853 74951 40283 28301 11982 831409 831409 1500833 1500833 251381 251381 STUDENT PROGRAM EXPENSE 1701694 1701694 STAFF DEVELOPMENT 124520 93198 30724 598 STAFF EXPENSES 54995 7392 46483 1120 FUNDRAISING EXPENSES 15408 15408 66211 52970 9930 3311 17277873 13420739 3313118 544016 3659697 4154997 1842308 1438244 651 8956 53657 181963 51544491 12828127 39984972 38716364 3924 0 45545209 44500524 1479812 1189825 20486712 19792896 14213 16131 21980737 20998852 X 23016274 23090748 548198 410924 23564472 23501672 45545209 44500524 -62800 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47577683 8875022 38702661 146172 30813 115359 3820636 3922292 -101656 38716364 CAPITAL LEASE OBLIGATION 9569 DUE TO THE SEED FOUNDTION, INC. 6562 16131 X 17277376 0 17277376 -62303 -62303 17215073 17340176 62303 62303 17277873 0 17277873 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 ONSIDERED 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, 2019. THE SCHOOL FOLLOWS THE ACCOUNTING STANDARD ON 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 2016. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED ON LINE 8B -62,303. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED ON LINE 8B 62,303. 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. SENIOR DINNER 113029 7442 105587 27814 10170 GOLF OUTING 75532 2550 72982 24319 188561 9992 178569 24319 27814 10170 62303 116266 1 SCHOLARSHIP FOR COLLEGE 8 15000 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 0 0 LESLEY D POOLE TRUSTEE 0 216828 0 20000 0 1104 0 9911 0 12707 0 260550 0 0 KEVIN RIDGELY MANAGING DIRECTOR & CFO 141779 0 0 0 0 0 8667 0 19751 0 170197 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS AND IS PROVIDED HOUSING. THE NON-TAXABLE AMOUNT IS ESTIMATED TO BE $18,000 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. A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2010-01-21 25000000 TO FINANCE THE ACQUISITION, CONSTRUCTION AND RENOVATION OF THE CAMPUS 0 0 0 A 4905000 25000000 25000000 2012 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 0 0 0 0 0 A 1 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS BEING PREPARED BY RSM US, LLP AND WILL BE REVIEWED BY THE MANAGING DIRECTOR. THE COMPLETED FORM WILL BE FORWARDED TO THE HEAD OF SCHOOL, THE CFO OF THE SEED SCHOOL OF MARYLAND AND THE INTERIM CFO OF THE SEED FOUNDATION FOR FURTHER REVIEW AND APPROVAL. 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). FORM 990, PART VI, SECTION B, LINES 15A AND 15B THE SEED SCHOOL OF MARYLAND IS RELATED TO THE SEED FOUNDATION. THE SEED FOUNDATION PROVIDES THE COMPENSATION TO ERIC ADLER, PYPER DAVIS, AND RAJIV VINNAKOTA. THE SCHOOL DOES NOT COMPENSATE THESE INDIVIDUALS. 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 FACTORS1) AN INFORMAL MARKET ANALYSIS OF COMPARABLE POSITIONS 2) WHAT THE ORGANIZATION CAN AFFORD TO PAY BASED ON IT BUDGET CONSTRAINTS. 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