TRUFUND FINANCIAL SERVICES INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- TRUFUND FINANCIAL SERVICES INC (EIN 59-3814814)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-13
- IRS object ID
- 201343179349301549
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-13T09:46:27-06:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 EAST PRATT STREET SUITE 200 | AddressLine1 |
| City | BALTIMORE | City |
| State | MD | State |
| ZIP Code | 212023100 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 593814814 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEEDCO FINANCIAL SERVICES INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % EDWIN HONG | InCareOfName |
| Name Control | SEED | NameControl |
| Phone | 2124730255 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 915 BROADWAY 18TH FLOOR | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10010 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | EDWIN HONG | Name |
| Title | COO | Title |
| Phone | 2122041392 | Phone |
| Date Signed | 2013-11-12 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PHILIP H CORNBLATT CPA | Name |
| Phone | 4107834900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | EDWIN HONG COO | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 915 BROADWAY 18TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10010 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 8907638 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.trufund.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2005 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE AFFORDABLE FINANCING AND TECHNICAL ASSISTANCE TO NON-PROFIT ORGANIZATIONS, SMALL BUSINESSES, AND DEVELOPERS OF AFFORDABLE HOUSING AND COMMERCIAL PROJECTS IN ECONOMICALLY DISTRESSED COMMUNITIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 5 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 57 | TotalNbrEmployees |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 4473400 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4463716 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 4052962 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 4412287 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 29695 | InvestmentIncomePriorYear |
| Investment Income Current Year | 13305 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 179 | OtherRevenuePriorYear |
| Other Revenue Current Year | 18330 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 8556236 | TotalRevenuePriorYear |
| Total Revenue Current Year | 8907638 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 501943 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 375379 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3517501 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3980557 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 255839 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 9988153 | OtherExpensePriorYear |
| Other Expenses Current Year | 8657379 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 14007597 | TotalExpensesPriorYear |
| Total Expenses Current Year | 13013315 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -5451361 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -4105677 | RevenuesLessExpensesCY |
| Total Assets BOY | 65357066 | TotalAssetsBOY |
| Total Assets EOY | 51863474 | TotalAssetsEOY |
| Total Liabilities BOY | 52533451 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 43145536 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 12823615 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 8717938 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SEEDCO FINANCIAL SERVICES, INC. (SEEDCO FINANCIAL)IS A NATIONAL, NON-PROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) THAT CREATES ECONOMIC OPPORTUNITIES FOR JOB SEEKERS, WORKERS, AND SMALL BUSINESSES. SEEDCO FINANCIAL'S MISSION IS TO PROVIDE AFFORDABLE FINANCIAL AND TECHNICAL ASSISTANCE TO NON-PROFIT ORGANIZATIONS, SMALL BUSINESSES, AND DEVELOPERS OF AFFORDABLE HOUSING AND COMMERCIAL PROJECTS IN ECONOMICALLY DISTRESSED COMMUNITIES. SEEDCO FINANCIAL'S FINANCING PROGRAMS ARE DESIGNED TO FILL CAPITAL AND CAPACITY GAPS WITHIN LOCAL MARKETS. SEEDCO FINANCIAL IS HEADQUARTERED IN NEW YORK CITY WITH REGIONAL FIELD OFFICES IN ALABAMA AND LOUISIANA. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 12057410 | Expense |
| Grants | 375379 | Grants |
| Revenue | 4412287 | Revenue |
| Description | Seedco Financial provides financing to enable businesses, nonprofits or developers to proceed with their business or real estate projects to the extent such financing benefits low Income Communities, low wage workers or fulfills a charitable purpose. It also offers an affordable source of working capital for organizations seeking to expand, re-locate, or restructure. Borrowers are typically considered to be "high risk" by traditional underwriting standards. However, Seedco Financial offsets a portion of the heightened risk by connecting borrowers to technical assistance, which IS provided either directly by Seedco Financial or through a network of community partners frequently, funds from government agencies and private sources offset potential loan losses associated with our highest-risk lending activities. Seedco Financial provides financing and business services to small businesses that cannot access affordable financing through traditional sources. Our small business borrowers come from a range of sectors and have used loans for working capital, purchasing Inventory and equipment; Improving leased or owned space, and other approved activities that help sustain and expand their businesses. The loan fund seeks to support businesses In underserved communities and businesses owned by underrepresented or disadvantaged groups such as women and minorities. Seedco Financial provides financing and business services to non profits that cannot access affordable financing through traditional sources Our nonprofit borrowers typically come from the human/social service and arts/culture sectors and have used loans for working capital, facilities development and other approved activities that help sustain and expand their operations. The loan fund seeks to support nonprofit organizations that provide supportive services to underserved citizens and communities and those that contribute to the cultural Vibrancy of the communities we serve. Seedco Financial provides financing and business services to real estate developers, nonprofit community-based lending organizations and human services nonprofit organizations that are working to encourage economic development Investment In low-Income communities nationwide. Our real estate Borrowers have used loans and New Markets Tax Credits for a range of projects including large-scale job development projects, small business development projects In low Income communities to aid low wage workers or prevent community deterioration, capacity-building of minority-serving Institutions and community facilities, anchor real estate projects that act as catalysts for community development In low- to moderate-Income neighborhoods, acquisition, rehabilitation, or new construction of commercial, residential, or mixed use projects, and affordable multi-family and special needs housing. The loan fund seeks to support Investments that generate Significant community Impacts In the form of new or retained jobs, community services or Increased economic opportunity. | Description |
| Total Program Service Expense | 12057410 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | true | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 43 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 57 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 5 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | EDWIN HONG | NamePerson |
| Telephone Number | 2122041392 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 915 BROADWAY 18TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10010 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (15 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|---|
| MAURICE L COLEMAN | ||||||||||
| CHAIRPERSON | 1.0 | 1.0 | X | X | 0 | 0 | ||||
| RITA CARRILLO | ||||||||||
| VICE CHAIRPERSON | 1.0 | 1.0 | X | X | 0 | 0 | ||||
| DOUGLAS JACKSON | ||||||||||
| BOARD MEMBER | 1.0 | 1.0 | X | 0 | 0 | |||||
| CHERI MORIAL AUSBERRY | ||||||||||
| NON-VOTING BOARD MEMBER | 1.0 | 1.0 | X | 0 | 0 | |||||
| CHARLOTTE LEE | ||||||||||
| BOARD MEMBER | 1.0 | 1.0 | X | 0 | 0 | |||||
| JAMES BASON | ||||||||||
| PRESIDENT | 40.0 | 5.0 | X | X | 242267 | 0 | 12208 | |||
| CATHerine SLOSS JONES | ||||||||||
| NON VOTING MEMBER | 2.0 | 1.0 | X | 0 | 0 | |||||
| EDWIN HONG | ||||||||||
| CHIEF OPERATING OFFICER | 40.0 | 5.0 | 209731 | 0 | X | |||||
| DEMETRIC DUCKETT | ||||||||||
| SVP, BUSINESS DEVELOPMENT | 40.0 | 1.0 | 132459 | 0 | 5034 | X | ||||
| ANDRE SUITE | ||||||||||
| SVP, OPERATIONS | 40.0 | 1.0 | 167414 | 0 | 6394 | X | ||||
| AISHA BENSON | ||||||||||
| VP/MANAGING DIRECTOR | 40.0 | 1.0 | 125459 | 0 | 5287 | X | ||||
| KEVIN BUHSE | ||||||||||
| CHIEF FINANCIAL OFFICER | 40.0 | 5.0 | 118444 | 0 | 8159 | X | ||||
| ANU GUPTA | ||||||||||
| SVP, RESOURCE DEVELOPMENT | 40.0 | 1.0 | 111117 | 0 | 2200 | X | ||||
| ANNE BUSH | ||||||||||
| CHIEF CREDIT OFFICER | 40.0 | 5.0 | 190332 | 0 | 1903 | X | ||||
| BARBARA DWYER GUNN | ||||||||||
| ex board member | 5.0 | 35.0 | 0 | 307127 | 22500 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1297223 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 307127 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 63685 | TotalOtherCompensation |
| Number Individuals GT100 K | 8 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ARENT FOX LLP | |||||
| PO BOX 644672 | PITTSBURGH | PA | 15264 | STRATEGIC PLANNING | 429137 |
| COHNREZNICK LLP | |||||
| 500 EAST PRATT STREET SUITE 200 | BALTIMORE | MD | 21202 | ACCOUNTING SERVICES | 188773 |
| ENGEL HAIRSTON JOHANSON PC | |||||
| 109 NORTH 20TH STREET 4TH FLOOR | BIRMINGHAM | AL | 35202 | pROFESSIONAL | 123129 |
| JH COHN LLP | |||||
| 1212 AVENUE OF THE AMERICAS | NEW YORK | NY | 10036 | ACCOUNTING SERVICES | 190406 |
| REZNICK GROUP PC | |||||
| 7501 WISCONSIN AVENUE | BETHESDA | MD | 20814 | ACCOUNTING SERVICES | 120575 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Government Grants | 2344034 | GovernmentGrants |
| All Other Contributions | 2119682 | AllOtherContributions |
| Total Contributions | 4463716 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| LOAN INTEREST INCOME | 900099 | 2797564 | 2797564 |
| NMTC INCOME FROM PARTNERSHIP | 900099 | 1614723 | 1614723 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 4412287 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 13305 | TotalRevenueColumn |
| Exclusion | $13,305 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 18330 | TotalRevenueColumn |
| Related Or Exempt Function Income | 18330 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 18330 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8907638 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4430617 | RelatedOrExemptFunctionIncome |
| Exclusion | $13,305 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 369379 | Total |
| Program Services | 369379 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6000 | Total |
| Program Services | 6000 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3329856 | Total |
| Program Services | 2940844 | ProgramServices |
| Management And General | 202892 | ManagementAndGeneral |
| Fundraising | 186120 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 650701 | Total |
| Program Services | 592949 | ProgramServices |
| Management And General | 24128 | ManagementAndGeneral |
| Fundraising | 33624 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 455881 | Total |
| Program Services | 428624 | ProgramServices |
| Management And General | 27190 | ManagementAndGeneral |
| Fundraising | 67 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 347242 | Total |
| Program Services | 204523 | ProgramServices |
| Management And General | 142719 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84064 | Total |
| Program Services | 7009 | ProgramServices |
| Management And General | 77055 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 683262 | Total |
| Program Services | 659731 | ProgramServices |
| Management And General | 17977 | ManagementAndGeneral |
| Fundraising | 5554 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9757 | Total |
| Program Services | 8807 | ProgramServices |
| Management And General | 878 | ManagementAndGeneral |
| Fundraising | 72 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 549669 | Total |
| Program Services | 520696 | ProgramServices |
| Management And General | 710 | ManagementAndGeneral |
| Fundraising | 28263 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 140919 | Total |
| Program Services | 136649 | ProgramServices |
| Management And General | 3111 | ManagementAndGeneral |
| Fundraising | 1159 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15088 | Total |
| Program Services | 13504 | ProgramServices |
| Management And General | 1314 | ManagementAndGeneral |
| Fundraising | 270 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1175726 | Total |
| Program Services | 1175726 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1041620 | Total |
| Program Services | 947874 | ProgramServices |
| Management And General | 93746 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14229 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 14229 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20809 | Total |
| Program Services | 20809 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| RECRUITMENT & TEMP PERSONNEL | 47728 | 43472 | 4256 | 0 |
| SUPPLIES | 103481 | 68890 | 34591 | 0 |
| BOARD EXPENSES | 595 | 595 | 0 | 0 |
| BANK CHARGES | 11667 | 10602 | 1065 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3955642 | Total |
| Program Services | 3900727 | ProgramServices |
| Management And General | 54205 | ManagementAndGeneral |
| Fundraising | 710 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13013315 | Total |
| Program Services | 12057410 | ProgramServices |
| Management And General | 700066 | ManagementAndGeneral |
| Fundraising | 255839 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25122593 | BOY |
| EOY | 16608375 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2041316 | BOY |
| EOY | 1249205 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37512459 | BOY |
| EOY | 33425770 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 69544 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 67048 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16725 | BOY |
| EOY | 2496 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 289630 | BOY |
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 374343 | BOY |
| EOY | 577628 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65357066 | BOY |
| EOY | 51863474 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 366700 | BOY |
| EOY | 948134 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29244 | BOY |
| EOY | 29244 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52057082 | BOY |
| EOY | 42162091 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80425 | BOY |
| EOY | 6067 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52533451 | BOY |
| EOY | 43145536 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9679294 | BOY |
| EOY | 4391021 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3144321 | BOY |
| EOY | 4326917 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12823615 | BOY |
| EOY | 8717938 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65357066 | BOY |
| EOY | 51863474 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -4105677 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8153940 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 11422999 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 8170416 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4473400 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4463716 | CurrentTaxYear |
| Total | 36684471 | Total |
Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Value Srvc Fclts Furnished By Govt ValueSrvcFcltsFurnishedByGovt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8153940 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 11422999 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 8170416 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4473400 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4463716 | CurrentTaxYear |
| Total | 36684471 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 0 | AmountsSubstContributorsTotal |
| Public Support Total170 | 36684471 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 522546 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 122251 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 43805 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 29695 | CurrentTaxYearMinus1Year |
| Current Tax Year | 13305 | CurrentTaxYear |
| Total | 731602 | Total |
Net UBI NetUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 114316 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 101450 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 474491 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 179 | CurrentTaxYearMinus1Year |
| Current Tax Year | 18330 | CurrentTaxYear |
| Total | 708766 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 38124839 | TotalSupport |
| Gross Receipts From Admissions Etc | 10642552 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.96222 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.89307 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Other Activities | $84,064 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 84064 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE C, LOBBYING ACTIVITIES | Identifier |
| Return Reference | PART II - B, LINE I | ReturnReference |
| Explanation | SEEDCO FINANCIAL SERVICES DOES NOT UNDERTAKE ANY ACTIVE LOBBYING ACTIVITIES, HOWEVER, IT DOES PAY A CONSULTING FIRM TO UNDERTAKE LOBBYING INITIATIVES ON ITS BEHALF. FOR THE YEAR ENDING DECEMBER 31, 2012, SEEDCO FINANCIAL SERVICES PAID ARENT FOX, LLP $84,064 TO LOBBY ON BEHALF OF SEEDCO FINANCIAL SERVICES ON ISSUES PERTINENT TO ITS TAX EXEMPT MISSIONS. ON FORM 990, PART VII, SEEDCO FINANCIAL SERVICES DISCLOSES THAT IT PAID ARENT FOX, LLP $429,137 IN FEES FOR THE YEAR ENDED DECEMBER 31, 2012. IN ADDITION TO THE DISCLOSED LOBBYING ACTIVITIES, ARENT FOX, LLP ALSO UNDERTAKES STRATEGIC PLANNING AND GOVERNMENTAL AFFAIRS ACTIVITIES (THAT DO NOT CONSTITUTE LOBBYING). | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | false | IncludedOnFS |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Current Year Minus4 Years | CurrentYearMinus4Years | |
| Land | Land | |
| Buildings | Buildings | |
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10492 | OtherCostOrOtherBasis |
| Depreciation | 10280 | Depreciation |
| Book Value | 212 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 59053 | OtherCostOrOtherBasis |
| Depreciation | 56769 | Depreciation |
| Book Value | 2284 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2496 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| REFUNDABLE CONTRACT ADVANCES | $7,288 |
| SMALL BUSINESS ADMIN | -$1,221 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 6067 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | fin 48 | Identifier |
| Return Reference | part iv, line 11f | ReturnReference |
| Explanation | SFS has applied for and received a determination letter from the Internal Revenue Service (IRS) to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the years ended December 31, 2012 and 2011. Due to its tax exempt status, SFS is not subject to income taxes. SFS is required to file and does file tax returns with the IRS and other taxing authorities. Income tax returns filed by SFS are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service tax years since 2009 remain open. FASB ASC 740, Income Taxes, prescribes a threshold for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Only tax positions meeting the more-likely-than-not recognition threshold at the effective date may be recognized or continue to be recognized upon adoption of this interpretation. ASC 740 also provides guidance on accounting for derecognition, interest and penalties, and classification and disclosure of matters related to uncertainty in income taxes. taxes. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (14 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|
| UP DESIGN LLC | ||||||
| 8 SOUTH FULLERTION AVENUE | MONTCLAIR | NJ | 07042 | 223705476 | 44400 | Pass-through grant to subsidize costs of services to local small businesses |
| KBL LLP | ||||||
| 110 WALL STREET | NEW YORK | NY | 10005 | 030525474 | 19000 | Pass-through grant to subsidize costs of services to local small businesses |
| FDG CREATIVE | ||||||
| 1212 MOUNT VERNON STREET | ORLANDO | FL | 32803 | 010638455 | 38088 | Pass-through grant to subsidize costs of services to local small businesses |
| ABARFR BUSINESS ADVISORY SERVICES | ||||||
| 1375 BROADWAY 17TH FLOOR | NEW YORK | NY | 10018 | 130436940 | 105000 | Pass-through grant to subsidize costs of services to local small businesses |
| BUREAU BLANK | ||||||
| 273 GRAND STREET 6TH FLOOR | NEW YORK | NY | 10002 | 201057120 | 9000 | Pass-through grant to subsidize costs of services to local small businesses |
| THE MICHAELSON LAW FIRM | ||||||
| 11 BROADWAY SUITE 615 | NEW YORK | NY | 10004 | 272654282 | 8900 | Pass-through grant to subsidize costs of services to local small businesses |
| WISS AND COMPANY LLP | ||||||
| 14 PENN PLAZA SUITE 300 | NEW YORK | NY | 10122 | 221732349 | 18000 | Pass-through grant to subsidize costs of services to local small businesses |
| YES CFO LLC | ||||||
| 197 Beaumonte Way | Bridgewater | NJ | 08807 | 323673208 | 29870 | Pass-through grant to subsidize costs of services to local small businesses |
| WEB DEVELOPERS OF NEW YORK | ||||||
| 130 OVERLOOK AVENUE NO4E | HACKENSACK | NJ | 07601 | 383596411 | 7350 | Pass-through grant to subsidize costs of services to local small businesses |
| CPR & Partners | ||||||
| 2122 magazine Street 2nd Fl | New Orleans | LA | 70130 | 263958415 | 6925 | Pass-through grant to subsidize costs of services to local small businesses |
| Spears Consulting | ||||||
| 132 N Cortez Street Suite A | New Orleans | LA | 70119 | 262982546 | 18950 | Pass-through grant to subsidize costs of services to local small businesses |
| Myron I Blumenfeld & Associates | ||||||
| 500 East 77th Street Suite 2324 | New York | NY | 10162 | 058281099 | 5850 | Pass-through grant to subsidize costs of services to local small businesses |
| Randy Joy & Co LLC | ||||||
| 441 West End Avenue 15C | new york | NY | 10024 | 270712764 | 8000 | Pass-through grant to subsidize costs of services to local small businesses |
| The Berman Group | ||||||
| 380 Lexington Avenue Suite 2112 | New York | NY | 10168 | 203927792 | 35500 | Pass-through grant to subsidize costs of services to local small businesses |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Alison Anthoine | TypeOfGrant |
| Number Of Recipients | 1 | NumberOfRecipients |
| Amount Of Cash Grant | 6000 | AmountOfCashGrant |
| Method Of Valuation | cash | MethodOfValuation |
| Description Of Non Cash Assistance | Assistance | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | MONITORING | Identifier |
| Return Reference | PART 1, LINE 2 | ReturnReference |
| Explanation | SFS employs the below procedures to select professional services vendors to provide customized technical assistance services to its small business clients. We maintain networks of pre-qualified vendors in New York and Louisiana. These vendors are selected through an open and competitive selection process which entails three steps. Step #1, SFS issues a Request for Qualifications (RFQ) calling for applications from qualified vendors to join its vendor nework. RFQs are circulated through small business associations and vendors are typically given three weeks to submit a written response. Step #2, all applicants are given a fair and thorough review by a panel comprised of SFS staff. Applications are evaluated based on relevant experience and expertise, quality of services and competitive rates for services. The panel is responsible for selecting shortlisted applicants for final interviews. Step #3, all shortlisted applicants are interviewed by the SFS selection panel. Applicants are required to submit three references. The committee is responsible for verifying the business references. Finally, candidates who meet all of the selection criteria are admitted into the vendor network. SFS monitors the performance of vendors by clearly outlining the program deliverables, milestones, and payment schedule in a tri-party agreement that is executed between SFS, the small business clients, and the professional services vendors. We divide each project into three phases with a staggered payment model to ensure accountability and compliance from vendors. In addition, at the conclusion of each phase, our small business clients and the vendors are required to complete a standardized feedback form indicating their consent to move forward with the project before the vendors receive the payment for the subsequent phase. These steps help us to ensure compliance from vendors with performance metrics identified in the contracts and to minimize the risk of potential issues arising after the start of the project. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | true | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg |
|---|---|---|---|---|---|---|---|---|---|
| BARBARA DWYER GUNN | |||||||||
| ex board member | 0 | 296125 | 11002 | 22500 | 0 | 329627 | |||
| EDWIN HONG | |||||||||
| CHIEF OPERATING OFFICER | 190331 | 0 | 209731 | 0 | 19400 | ||||
| ANNE BUSH | |||||||||
| CHIEF CREDIT OFFICER | 170646 | 0 | 192235 | 0 | 19400 | 286 | 1903 | ||
| ANDRE SUITE | |||||||||
| SVP, OPERATIONS | 155428 | 0 | 173808 | 0 | 11500 | 486 | 6394 | ||
| JAMES BASON | |||||||||
| PRESIDENT | 228048 | 0 | 254475 | 0 | 12000 | 2219 | 12208 | ||
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | NON-FIXED PAYMENTS | Identifier |
| Return Reference | FORM 990 SCHEDULE J, PART, LINE 7 | ReturnReference |
| Explanation | Seedco Financial Services paid bonuses to individuals reported on Form 990 Part VII (and Schedule J, Part II, Column (B(ii))) for the year ending December 31, 2012. These bonuses are being reported on Form 990, Part VII Column (F) (and Schedule J, Column (c)). The accrued bonuses were paid in calendar year 2012. All bonuses issued are approved by the full Board of Directors and documented in the appropriate board committee MINUTES. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (12 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| CORPORATE MEMBER | PART VI, LINE 6 & line 4 | SEEDCO FINANCIAL SERVICES HAD ONE SOLE CORPORATE MEMBER, ITS PARENT ORGANIZATION, STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION. THE RELATIONSHIP BETWEEN THE TWO ORGANIZATIONS WAS MEMORIALIZED IN SEEDCO FINANCIAL SERVICES BYLAWS. The organization has separated from its prior sole member and as of the end of the year is no longer affiliated with STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION. The corporate governing documents have been changed to reflect this separation. |
| PARENT CORPORATION | PART VI, LINE 7 | SEEDCO FINANCIAL SERVICES' PARENT ORGANIZATION, SEEDCO, HAd CERTAIN RESERVED POWERS ENUMERATED IN SEEDCO FINANCIAL SERVICES' BYLAWS, SEEDCO HAD THE AUTHORITY TO APPOINT ALL NON EX-OFFICIo VOTING MEMBERS OF THE BOARD OF DIRECTORS AND MAY APPROVE ALL CHANGES TO THE ORGANIZATION'S BYLAWS. ADDITIONALLY, BY AGREEMENT THE PARENT HAd GUARANTEED CERTAIN CREDIT OBLIGATIONS OF SEEDCO FINANCIAL SERVICES, AND RETAINed THE RIGHT TO APPROVE THE ORGANIZATION'S ANNUAL BUDGET. As of year end this relationship along with the rights of SEEDCO have been removed. |
| 990 REVIEW | PART VI, LINE 11 | A COPY OF THE FORM 990 WAS SHARED WITH ALL MEMBERS OF THE BOARD OF DIRECTORS IN DRAFT FORM VIA ELECTRONIC MAIL. ONCE THE BOARD APPROVED THE FORM 990, IT WAS ELECTRONICALLY FILED WITH THE INTERNAL REVENUE SERVICE. |
| CONFLICT OF INTEREST POLICY | PART VI, LINE 12C | SEEDCO FINANCIAL SERVICES OPERATES UNDER its documented CONFLICT OF INTEREST POLICY. THE GENERAL COUNSEL SERVES AS AN ADVISOR TO DIRECTORS REGARDING POTENTIAL CONFLICTS, BOTH DURING THE ANNUAL RECERTIFICATION PROCESS AND AS THEY ARISE. AS NECESSARY, THE GENERAL COUNSEL BRINGS MATTERS PERTAINING TO OFFICERS AND DIRECTORS TO THE PRESIDENT FOR DISCUSSION WITH THE BOARD AND ADVISES WHEN DIRECTORS MUST REMOVE THEMSELVES FROM VOTING ON ORGANIZATION MATTERS. |
| SALARY STRUCTURE | PART VI, LINE 15 | For all employees of the organization except the president, SFs has a salary structure that consists of job grades with a minimum, Midpoint, and Maximum. This structure provides competitiveness with the external market through comparison with relevant Market information. An independent consultant used surveys published by Abbot, Langer and Associates and PRM Consulting Group to benchmark SFS's salaries, the average of nonprofit organizations of comparable size in the New York region is the market target for salary compensation. A pool for salary increases and bonuses for all staff is proposed in the organization's annual budget. This pool is subsequently reviewed and approved by the Board of Directors when it approves the organization's annual budget. The President reviewed and approved the salaries and bonuses of all staff of the organization as does the board Compensation for the President is determined by the Board of Directors based on its assessment of the company's overall performance and the President's performance against individual goals. |
| FINANCIAL STATEMENTS | PART VI, LINE 19 | THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST AT ITS HEADQUARTERS AND CAN BE OBTAINED ONLINE ON WWW.GUIDESTAR.ORG. |
| Notes Receivable | 990, part x, line 7 | IN RELATION TO THE PROGRAM SERVICES THAT SEEDCO FINANCIAL SERVICES OFFERS, THE NOTES RECEIVABLE AT DECEMBER 31, 2012 IS $33,425,770 NET OF DEFERRED LOAN ORIGINATION FEES OF $59,938. THIS INCLUDES 54 LOANS TO NON-PROFIT ORGANIZATIONS AND 374 LOANS TO SMALL BUSINESSES. NOTES AND LOANS RECEIVABLE BY GEOGRAPHICAL AREA CONSISTED OF THE FOLLOWING: LOANS LOAN LOSS LOANS RECEIVABLE RESERVE RECEIVABLE, NET ------------ ---------- ---------------- ALABAMA $3,575,741 $453,298 $3,122,443 LOUISIANA 5,649,728 641,653 5,008,075 COLORADO 829,313 119,566 709,747 TENNESSEE 186,119 108,824 81,295 NATIONAL 1,744,609 127,143 1,617,466 NEW YORK 25,270,323 2,685,524 22,584,799 SEEDCO 723,765 362,882 361,883 ------------ ---------- ---------------- TOTAL $37,979,598 $4,493,890 $33,485,708 |
| OTHER EXPENSES | FORM 990 PART IX | DESCRIPTION:PAYROLL EXPENSE TOTAL EXPENSES:6896 PROGRAM SERVICES:MANAGEMENT AND GENERAL:6896 FUNDRAISING: |
| OTHER EXPENSES | FORM 990 PART IX | DESCRIPTION:BAD DEBT EXPENSE TOTAL EXPENSES:2942362 PROGRAM SERVICES:2942362 MANAGEMENT AND GENERAL:FUNDRAISING: |
| OTHER EXPENSES | FORM 990 PART IX | DESCRIPTION:MISCELLANEOUS TOTAL EXPENSES:197672 PROGRAM SERVICES:149653 MANAGEMENT AND GENERAL:47309 FUNDRAISING:710 |
| OTHER EXPENSES | FORM 990 PART IX | DESCRIPTION:SEPARATION EXPENSE TOTAL EXPENSES:800000 PROGRAM SERVICES:800000 MANAGEMENT AND GENERAL:FUNDRAISING: |
| OTHER EXPENSES | FORM 990 PART IX | DESCRIPTION:GRANTS REFUNDED TOTAL EXPENSES:8712 PROGRAM SERVICES:8712 MANAGEMENT AND GENERAL:FUNDRAISING: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|
| STRUCTURED EMPLOYMENT ECONOMIC DEV CORP | |||||||||
| 915 BROADWAY 17TH FLOOR | NEW YORK | NY | 10010 | 132875743 | WORKFORCE DEV | NY | 501(C)(3) | 7 | false |
| NON-PROFIT ASSISTANT CORPORATION | |||||||||
| 915 BROADWAY 17TH FLOOR | NEW YORK | NY | 10010 | 133952047 | WORKFORCE DEV | NY | 501(C)(3) | 9 | false |
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EMPOWERMENT REVINVESTMENT FUND LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 915 BROADWAY | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10010 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043671771 | EIN |
| Primary Activity | FINANCING | PrimaryActivity |
| Legal Domicile State | NY | LegalDomicileState |
| Predominant Income Type | RELATED | PredominantIncomeType |
| Share Of Total Income | 1501021 | ShareOfTotalIncome |
| Share Of EOY Assets | 1338111 | ShareOfEOYAssets |
| Disproportionate Allocations | false | DisproportionateAllocations |
| General Or Managing Partner | false | GeneralOrManagingPartner |
| Percentage Ownership | 0.99000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | true | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | true | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (5 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT | ||
| C | 24632 | COST |
| STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT | ||
| D | 723765 | COST |
| STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT | ||
| M | 1041620 | COST |
| STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT | ||
| r | 800000 | cost |
| EMPOWERMENT REINVESTMENT FUND LLC | ||
| Q | 694261 | COST |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Separation Agreement | Identifier |
| Return Reference | Schedule R, Part II | ReturnReference |
| Explanation | Effective July 31, 2012, SFS and Seedco executed a definitive Separation Agreement, Servicing Agreement, Sublease and ancillary documents necessary to ensure the complete separation of affiliation and control between SFS and Seedco. | Explanation |