2013-11-14T10:13:31-06:00 2012-12-31 BDO USA LLP 100 PARK AVENUE NEW YORK NY 100175001 990 2012-01-01 132875743 STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION % MATTHEW LOCURTO CFO STRU 2124730255 915 BROADWAY 17TH FLOOR Suite NEW YORK NY 10010 MATTHEW LOCURTO 2122041320 2013-11-14 true Paul Hammerschmidt 2128858000 2012 2016-02-25 16:41:14Z SEEDCO BARBARA DWYER GUNN 915 BROADWAY 17TH FL NEW YORK NY 10010 39274822 false X www.seedco.org X 1976 NY TO HELP LOW-INCOME PEOPLE AND COMMUNITIES MOVE TOWARD ECONOMIC PROSPERITY BY CREATING ECONOMIC OPPORTUNITIES FOR JOB SEEKERS, WORKERS AND SMALL BUSINESS OWNERS IN DISADVANTAGED COMMUNITIES. 7 7 347 7 0 0 34057400 31804565 215256 354278 313 256 1803038 7115723 36076007 39274822 16288880 17134776 0 0 15440033 10100503 0 0 403739 7908738 6906930 39637651 34142209 -3561644 5132613 13954141 11890123 12116738 4920107 1837403 6970016 X STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION'S (SEEDCO) MISSION IS TO IMPROVE ECONOMIC OPPORTUNITIES FOR PEOPLE, BUSINESSES, AND COMMUNITIES IN NEED OF ASSISTANCE. AS SUCH, SEEDCO DESIGNS AND IMPLEMENTS INNOVATIVE PROGRAMS AND SERVICES THAT BENEFIT WORKERS, FAMILIES, AND BUSINESSES. ACROSS THE COUNTRY EACH YEAR, SEEDCO SUPPORTS COMMUNITIES IN THREE WAYS: 1) WORKFORCE DEVELOPMENT 2) WORK AND FAMILY SUPPORTS 3) SMALL BUSINESS SERVICES CREATING AND MANAGING PARTNERSHIPS WITH COMMUNITY-BASED ORGANIZATIONS IS CENTRAL TO SEEDCO'S APPROACH. THESE GROUPS HAVE THE EXPERIENCE, HISTORY, COMMUNITY TRUST, AND CULTURAL COMPETENCE NEEDED TO PROVIDE DIRECT SERVICES TO RESIDENTS IN LOW-INCOME NEIGHBORHOODS WHERE INVESTMENT IN THE ECONOMIC INFRASTRUCTURE IS LOW OR NON-EXISTENT. false true 19170543 14605644 0 WORKFORCE DEVELOPMENT - SEEDCO PROVIDES CAREER COUNSELING AND JOB-READINESS TRAINING AND JOB PLACEMENT SERVICES TO DISADVANTAGED INDIVIDUALS. SEEDCO'S WORKFORCE DEVELOPMENT PROGRAMS PROVIDE A BROAD RANGE OF JOB SEEKERS AND WORKERS WITH PATHS TO SUCCESS THAT BEGIN WITH JOB PLACEMENT AND MOVE ON TO JOB RETENTION AND CAREER ADVANCEMENT. WE TAILOR THESE SERVICES SO THEY MEET THE NEEDS OF HARD-TO-SERVE POPULATIONS SUCH AS: LONG-TERM PUBLIC ASSISTANCE RECIPIENTS, NONCUSTODIAL PARENTS, PEOPLE WITH LOW LEVELS OF LITERACY, AND THOSE WITH OTHER BARRIERS TO EMPLOYMENT. IN ADDITION, SEEDCO DESIGNS AND OPERATES ITS WORKFORCE DEVELOPMENT PROGRAMS SO THAT THEY ARE EFFECTIVE FOR BOTH JOB SEEKERS AND EMPLOYERS. WE DO THIS BY USING ALL AVAILABLE RESOURCES, INCLUDING THOSE OF OUR COMMUNITY-BASED AND GOVERNMENT PARTNERS. IT IS CENTRAL TO OUR STRATEGY TO USE A DEMAND-DRIVEN APPROACH THAT TARGETS SPECIFIC GROWTH INDUSTRIES AND ENSURES THAT WORKERS HAVE THE NECESSARY SKILLS TO MEET THE NEEDS OF EMPLOYERS. 4554009 2468816 354278 WORK AND FAMILY SUPPORTS - EVEN WHEN EMPLOYED, MANY WORKERS EARN WAGES THAT ARE TOO LOW TO SUPPORT THEMSELVES AND THEIR FAMILIES. SEEDCO'S EARNBENEFITS PROGRAM SCREENS LOW-INCOME HOUSEHOLDS TO ASCERTAIN ELIGIBILITY FOR PUBLIC AND PRIVATE INCOME SUPPORT. THIS HELPS HOUSEHOLDS GAIN ACCESS TO MUCH-NEED BENEFITS. SEEDCO USES TECHNOLOGY AND CASE MANAGEMENT SERVICES TO CONNECT WORKERS AND THEIR FAMILIES TO THE FULL RANGE OF BENEFITS: AFFORDABLE HEALTH INSURANCE, THE SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM (SNAP, FORMERLY FOOD STAMPS), AND CHILDCARE SUBSIDIES. THESE BENEFITS CAN HELP PEOPLE IN NEED ATTAIN LONG-TERM EMPLOYMENT AND FINANCIAL STABILITY. SEEDCO ALSO MANAGES A NATIONAL HOUSING COUNSELING NETWORK, FUNDED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE NETWORK PROVIDES FAMILIES ACROSS THE COUNTRY WITH INDIVIDUAL COUNSELING AND EDUCATION ON TOPICS SUCH AS HOME BUYING, RENTAL ASSISTANCE, AND PREVENTING MORTGAGE DELINQUENCY, TO ENSURE THAT FAMILIES OBTAIN AS WELL AS RETAIN HOUSING. SEEDCO ALSO PROVIDES FREE TAX-RETURN PREPARATION. 1788983 60316 0 SMALL BUSINESS SERVICES - SEEDCO PROVIDES SMALL BUSINESSES WITH CUSTOMIZED TECHNICAL ASSISTANCE, FINANCING ASSISTANCE, AND RECRUITMENT SERVICES. SEEDCO OPERATES THREE BUSINESS SOLUTIONS CENTERS IN NEW YORK CITY UNDER CONTRACT TO THE NEW YORK CITY DEPARTMENT OF SMALL BUSINESS SERVICES. THE CENTERS PROVIDE ENTREPRENEURS WITH BUSINESS COURSES AND ADVICE, AS WELL AS LEGAL AND FINANCIAL ASSISTANCE. TECHNICAL ASSISTANCE - IN ADDITION TO SEEDCO'S DIRECT SERVICE WORK, THE ORGANIZATION'S CONSULTING AND TECHNICAL ASSISTANCE DIVISION PROVIDES ASSISTANCE TO FEDERAL, STATE, AND LOCAL GOVERNMENTS, FUNDERS, AND NONPROFIT AGENCIES. SEEDCO WORKS WITH ITS CLIENTS TO DEVELOP SOLUTIONS THAT MAXIMIZE RESOURCES AND FUNDING STREAMS. THIS ALLOWS CLIENTS TO CREATE INNOVATIVE AND PRACTICAL APPROACHES FOR THE DELIVERY OF THEIR SERVICES WHILE OVERCOMING CHALLENGES AND IDENTIFYING THE MOST EFFECTIVE STRATEGIES FOR ACHIEVING THEIR GOALS. 25513535 true true false true false false false false false false true false false true false true false true false false false false false false false false false true true true false false false false false false false false false false false false false true false false false true 46 0 true 347 true false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true false false false AR DE DC FL GA KS KY MD MI MN MS NJ NY TN VA X MATTHEW LOCURTO CFO 2124730255 915 BROADWAY 17TH FL NEW YORK NY 10010 X GEORGE A PRUITT 1.0 1.0 X X 0 0 0 PAUL R FRANKE III 1.0 1.0 X X 0 0 0 JUDITH G CLABES 1.0 1.0 X X 0 0 0 STANLEY BREZENOFF 1.0 1.0 X 0 0 0 MAURICE L COLEMAN 1.0 1.0 X 0 0 0 MITCHELL GORDON 1.0 1.0 X 0 0 0 SANDRA L PHILLIPS 1.0 1.0 X 0 0 0 BARBARA DWYER GUNN 35.0 1.0 X 307127 0 122500 PAUL SCHUCHERT THRU 22912 35.0 X 32913 0 2328 JOHN EMMERT FROM 71212 35.0 X 91463 0 313 TAMMY FOLK 35.0 X 157961 0 10656 BENJAMIN THOMASES 35.0 X 142502 0 0 GAIL QUAN THRU 123112 35.0 X 136907 0 7046 LISA POTE 35.0 X 135733 0 2511 RONALD KIRK 35.0 X 133737 0 9417 DIANE BAILLARGEON 35.0 X 106199 0 5410 1244542 0 160181 9 true true false ZOTECA INC 64 BEAVER STREET SUITE 195 NEW YORK NY 10004 SOFTWARE CONSULTANT 674878 KOSTELANETZ FINK LLP 7 WORLD TRADE CENTER NEW YORK NY 10007 LEGAL 438210 BDO USA LLP 100 PARK AVENUE NEW YORK NY 10017 AUDIT 276594 VENABLE LLP 1270 AVENUE OF THE AMERICAS NEW YORK NY 10020 LEGAL 148583 MITCHELL TITUS ONE BATTERY PARK PLAZA NEW YORK NY 10004 ACCOUNTING CONSULT. 103950 5 31221339 583226 31804565 PROGRAM AND PROCESSING FEES 900099 354278 354278 354278 256 256 0 0 0 0 0 0 0 0 0 INCOME ON EXTINGUISHMENT OF DEBT 900099 4119477 4119477 INCOME FROM SFS SEPARATION 900099 800000 800000 MANAGEMENT FEES 900099 794405 794405 1401841 1401841 7115723 39274822 354278 0 7115979 12827289 12827289 4307487 4307487 0 0 556644 455032 101612 111609 111609 7791381 5004197 2560520 226664 243501 112212 122323 8966 794179 499876 275241 19062 603189 379560 209157 14472 0 709569 551388 158181 334415 34844 299529 42 37476 37476 0 0 1255896 972980 214284 68632 0 491198 394814 96148 236 339203 104947 234256 0 1395944 539808 809078 47058 108237 102389 4965 883 0 54623 40889 13334 400 108931 108931 0 559714 559714 109701 109701 SETTLEMENT EXPENSES 2050000 2050000 ALLOCATED SERVICE EXPENSE -819361 -819361 BAD DEBT RESERVE -156097 -156097 PASS-THROUGH SERVICE EXPENSE -54733 -54733 382214 216014 148876 17324 34142209 25513535 8224935 403739 222722 442592 1580499 4157611 10121540 4839642 673071 1279198 0 0 0 0 0 0 0 0 204252 110470 5590581 5158401 989372 432180 0 0 0 0 0 0 0 0 162685 628430 13954141 11890123 5245874 4196342 0 0 214743 0 0 0 0 0 0 0 1892797 723765 0 0 4763324 0 12116738 4920107 X -65312 6530297 1902715 439719 0 0 1837403 6970016 13954141 11890123 5132613 X false true X true true true X 39401615 44758522 45345652 34057400 31804565 195367754 0 0 39401615 44758522 45345652 34057400 31804565 195367754 0 195367754 174889 18815 628 313 256 194901 0 602065 1913655 1563883 1896237 1621246 7597086 203159741 982748 0.96165 0.96153 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 37476 37476 false PART II-B, LINE 1I: SEECDCO HIRED CONSULTANTS TO ASSIST WITH ASSESSING THEIR VISIBILITY WITH THE FEDERAL GOVERNMENT, ADVANCING THE SEEDCO POLICY AGENDA AND OUTREACH STRATEGY AT THE FEDERAL LEVEL, DEVELOPING INITIATIVES, INCLUDING EARMARKS, TO OBTAIN FINANCIAL ASSISTANCE, AND MARKETING SEEDCO TO BECOME A GENERAL SERVICES ADMINISTRATION VENDOR TO FEDERAL AGENCIES. INCLUDED ARE PAYMENTS TO CAPALINO & COMPANY AND MANATT, PHELPS, PHILLIPS FOR NYC AND NYS GOVERNMENT RELATIONS. 1449020 1413225 35795 3490354 3142931 347423 651207 602245 48962 432180 DUE FROM AFFILIATE 497193 SECURITY DEPOSIT 131237 628430 0 0 X 39563140 288318 288318 39274822 39274822 34430527 288318 288318 34142209 34142209 PART X, LINE 2: UNDER FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, "INCOME TAXES," TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED SHOULD IT BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION (THE "REPORTING ORGANIZATION") DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FOR THE YEAR ENDED DECEMBER 31, 2012, THERE WAS NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. THE REPORTING ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER THE CODE, HOWEVER, IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES, UNLESS THAT INCOME IS OTHERWISE EXCLUDED UNDER THE CODE. THE TAX YEARS ENDING 2009, 2010, 2011 AND 2012 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. true PORTER-LEATH (CHILDREN'S BUREAU INC) 868 North Manassas ST MEMPHIS TN 38107 581409385 501(C)(3) 2426352 Workforce DEV./ Tennessee Community Services Agency 1604 W REELFOOT AVE UNION CITY TN 38261 621413010 501(C)(3) 2230293 WORKFORCE Kairos Services Inc 3523 Lamar Avenue Memphis TN 38118 263502542 501(C)(3) 2223420 WORKFORCE Bridges USA Inc 477 North 5th Street Memphis TN 38105 237081488 501(C)(3) 2009938 WORKFORCE Northern Manhattan Improvement Corp 76 Wadsworth Avenue NEW YORK NY 10033 132972415 501(C)(3) 793999 Workforce Dev./ BronxWorks Inc 60 East Tremont Bronx NY 10453 133254484 501(C)(3) 583202 Workforce Dev./ ST NICKS ALLIANCE 2 Kingsland AVE 1st FL Brooklyn NY 11211 510192170 501(C)(3) 385740 ASSET BUILDING STRIVE INC (E HARLEM EMPLOYMENT SVCS INC) 240 E 123RD ST 3RD FL NEW YORK NY 10035 133255679 501(C)(3) 243910 WORKFORCE Urban Strategies Inc 720 Olive ST 2600 St Louis MO 63101 431141027 501(C)(3) 170275 Asset Building The Children's Aid Society 105 E 22nd ST STE 902 NEW YORK NY 10010 135562191 501(C)(3) 145592 ASSET BUILDING CAMBA INC 1720 Church Avenue Brooklyn NY 11226 112480339 501(C)(3) 89894 Workforce Dev./ The Center for Working Families Inc 447 Windsor ST STE 304 ATLANTA GA 30312 432071145 501(C)(3) 82445 ASSET BUILDING Associated Catholic Charities 1966 Greenspring DR SUITE 200 Timoninum MD 21093 520591538 501(C)(3) 77830 ASSET BUILDING Memphis Area Legal Services 109 N Main St 2nd FL Claridge HS Memphis TN 38103 620841436 501(C)(3) 76054 ASSET BUILDING Paraprofessional Healthcare Institute 349 East 149th ST 5th FL BRONX NY 10451 133575492 501(C)(3) 71500 WORKFORCE D&E A Financial Education & Training Inst 4820 Jonesboro RD Forest Park GA 30297 582515058 501(C)(3) 67820 ASSET BUILDING Brooklyn Housing and Family Services 415 Albemarle Road Brooklyn NY 11218 112412584 501(C)(3) 64092 ASSET BUILDING Ridgewood Bushwick Senior Citizens Council INC 555 Bushwick Avenue Brooklyn NY 11206 112453853 501(C)(3) 63905 ASSET BUILDING Exchange Club Family Center 139 Thomspon Lane Nashville TN 37211 621237360 501(c)(3) 62319 ASSET BUILDING Cypress Hills Local Development Corp 625 Jamaica Avenue Brooklyn NY 11208 112683663 501(C)(3) 58969 Workforce Dev./ Corporation to Develop Communities of Tampa Inc 1907 E Hillsborough AVE Tampa FL 33610 593150608 501(C)(3) 46691 ASSET BUILDING Financial Counselors of America PO Box 111124 Memphis TN 38111 621851924 501(C)(3) 44610 ASSET BUILDING Bon Secours of Maryland Foundation Inc 26 North Fulton AVE Baltimore MD 21223 521732800 501(C)(3) 43471 ASSET BUILDING Job Opportunities Task Force 111 Water Street Baltimore MD 21202 522278450 501(C)(3) 41743 ASSET BUILDING Saint Vincent de Paul Society Inc 2050-C C Tucker RD Atlanta GA 30341 580967972 501(C)(3) 35000 ASSET BUILDING The Sullivan Center 643-645 Dill AVENUE SW ATLANTA GA 30310 581641941 501(C)(3) 33539 ASSET BUILDING Belair-Edison Neighborhoods Inc 3412 Belair Road Baltimore MD 21213 521755185 501(C)(3) 31799 ASSET BUILDING UPPER CUMBERLAND HUMAN RESOURCE AGENCY 580 S JEFFERSON AVE COOKEVILLE TN 38501 620906260 501(C)(3) 29482 ASSET BUILDING The Works Incorporated 1471 Genesis Circle Memphis TN 38106 621751430 501(C)(3) 29044 ASSET BUILDING Arundel House of Hope INC 514 N CRAIN HIGHWAY GLEN BURNIE MD 21061 521993704 501(C)(3) 28891 ASSET BUILDING Atlanta Workforce Development Agency Board 818 Pollard Blvd Atlanta GA 30315 581336367 501(C)(3) 26250 ASSET BUILDING Center for Economic Progress 29 E MADISON ST CHICAGO IL 60602 363693728 501(C)(3) 25684 ASSET BUILDING THE HAMPDEN FAMILY CENTER INC 1104 W 36TH STREET BALTIMORE MD 21211 521911153 501(C)(3) 24970 ASSET BUILDING SEEDCO FINANCIAL SERVICES INC 915 BROADWAY 18TH FL NEW YORK NY 10010 593814814 501(C)(3) 24632 ASSET BLDG/COMMUNITY Worcester East Side Community DEVELOP Corp 409 Shrewsbury St Worcester MA 01604 043280116 501(C)(3) 23963 ASSET BUILDING FAMILY SERVICES AGENCY 628 W BWAY NORTH LITTLE ROCK AR 72114 710237511 501(C)(3) 22380 ASSET BUILDING OAK HILL COMMUNITY DEVELOPMENT CORPORATION 74 PROVIDENCE STREET WORCESTER MA 01604 222599363 501(C)(3) 21731 ASSET BUILDING THE IMPACT GROUP 1255 LAKES PKWY LAWRENCEVILLE GA 30043 582055819 501(C)(3) 21574 ASSET BUILDING DOMINION FINANCIAL MANAGEMENT INC 660 FITZHUGH BLVD SMYRNA TN 37167 562140536 501(C)(3) 20846 ASSET BUILDING CATHOLIC CHARITIES OF THE ARCHDIOCESE OF ATLANTA 680 W PEACHTREE ST NW ATLANTA GA 30308 581097003 501(C)(3) 19615 ASSET BUILDING SINGLE PARENT ALLIANCE AND RESOURCE CENTER 4650 JIMMY CARTER BLVD NORCROSS GA 30093 582605168 501(C)(3) 19500 ASSET BUILDING ASIAN AMERICAN RESOURCE FOUNDATION INC 2855 ROLLING PIN LANE SUWANEE GA 30024 582321987 501(C)(3) 18750 ASSET BUILDING Child Find of America Inc PO BOX 277 NEW PALTZ NY 12561 222323336 501(C)(3) 18000 WORKFORCE The Community College of Baltimore County 800 S Rolling RD Bldg R Room 204 Baltimore MD 21228 521977456 17418 ASSET BUILDING THE CENTER OF HELP INC 1906 FOREST DRIVE ANNAPOLIS MD 21401 522282782 501(C)(3) 15000 ASSET BUILDING BINGHAMPTON DEVELOPMENT CORPORATION 3000 WALNUT GROVE RD MEMPHIS TN 38111 200062075 501(C)(3) 14474 ASSET BUILDING SOUTHEAST COMMUNITY DEVELOPMENT CORP 3700 EASTERN AVENUE BALTIMORE MD 21224 521034466 501(C)(3) 12224 ASSET BUILDING FRAYSER COMMUNITY DEVELOPMENT CORP 3684 N WATKINS MEMPHIS TN 38127 582158058 501(C)(3) 11888 ASSET BUILDING Greater Deliverance Baptist Church 1908 TURNER ROAD ATLANTA GA 30315 582306334 501(C)(3) 11250 ASSET BUILDING Boat People SOS ATLANTA 6107 OAKBROOK PARKWAY NORCROSS GA 30093 300737900 501(C)(3) 10160 ASSET BUILDING Henry Street Settlement 265 HENRY STREET NEW YORK NY 10002 131562242 501(C)(3) 10000 ASSET BUILDING PHIPPS COMMUNITY DEVELOPMENT CORP 902 BROADWAY 13TH FL NEW YORK NY 10451 132707665 501(C)(3) 9991 ASSET BUILDING Mid-South Peace and Justice Center 1000 South Cooper St Memphis TN 38104 621140695 501(C)(3) 9978 ASSET BUILDING EPISCOPAL COMMUNITY DEVELOPMENT INC 31 MULBERRY STREET NEWARK NJ 07102 223072251 501(C)(3) 9767 ASSET BUILDING CHRIST COMMUNITY HEALTH SERVICES INC 2595 CENTRAL AVENUE MEMPHIS TN 38104 621583270 501(C)(3) 9628 ASSET BUILDING Chinese-American Planning Council 150 ELIZABETH STREET NEW YORK NY 10012 136202692 501(C)(3) 7250 WORKFORCE UNITED WAY OF THE COASTAL EMPIRE 428 BULL STREET SAVANNAH GA 31401 580623603 501(C)(3) 7009 ASSET BUILDING The Develop Corp of Northwest Baltimore 3521 W BELVEDERE AVE BALTIMORE MD 21215 521585905 501(C)(3) 6435 ASSET BUILDING Center for Pan Asian Community SVCS Inc 3510 SHALLOWFORD ROAD NE ATLANTA GA 30341 581437980 501(C)(3) 6250 ASSET BUILDING ANNE ARUNDEL COUNTY PARTNERSHIP FOR CHILDREN YOUT 1 Harry S Truman St ANNAPOLIS MD 21404 526000878 5721 GENERAL FIFTH WARD COMMUNITY REDEVELOPMENT CORP PO BOX 21502 HOUSTON TX 77226 760288037 501(C)(3) 5678 ASSET BUILDING A SHARE INITIATIVE INC 5508 CITRUS BLVD HARAHAN LA 70123 202258602 501(C)(3) 5021 ASSET BUILDING 60 2 Participant Transportation - TN Workforce Prog. 12178 3111225 MARKET VALUE Trans. Subsidies Participant Incentives FOR NY Asset Building Prog. 1178 471686 10999 MARKET VALUE Trans. Subsidies Participant Payments FOR TN Workforce Program 47 16520 MARKET VALUE MED/Trans Subsidies Participant Incentives FOR NY Workforce Programs 789 137638 101342 MARKET VALUE Trans Sub/GIFT CARDS Participant Incentives for National Asset Programs 791 453514 4564 MARKET VALUE GIFT CARDS PART I, LINE 2: SEEDCO MONITORS GRANTS TO RECIPIENTS THROUGH A COMBINATION OF FINANCIAL REPORTS, WRITTEN REPORTS, AND/OR SITE VISITS, DEPENDING ON THE PROGRAM THROUGH WHICH THE ORGANIZATION IS FUNDED. SEEDCO ALSO REVIEWS AUDITED FINANCIAL STATEMENTS AND OMB A-133 REPORTS OF GRANTEES, IF APPLICABLE, AND FOLLOWS UP ON FINDINGS WITH RECIPIENTS WHO HAVE MATERIAL WEAKNESSES OR SIGNIFICANT DEFICIENCIES IN THEIR INTERNAL CONTROLS TO EXAMINE THEIR CORRECTIVE ACTION PLANS. X true false false false false false false false true false BARBARA DWYER GUNN 296125 0 0 0 11002 0 122500 0 0 0 429627 0 0 0 TAMMY FOLK 142917 0 14750 0 294 0 8124 0 2532 0 168617 0 0 0 DIANE BAILLARGEON 80000 0 0 0 26199 0 5410 0 0 0 111609 0 0 0 PART I, LINE 4A: DIANE BAILLARGEON, PRESIDENT THRU MARCH OF 2010, WAS PAID A SEVERANCE PAYMENT OF $25,000 IN 2012. PART I, LINE 8: BARBARA GUNN, CHIEF EXECUTIVE OFFICER (CEO) AND PRESIDENT OF SEEDCO DATE OF WRITTEN EMPLOYMENT CONTRACT: MARCH 29, 2010, APPROVED BY BOARD OF DIRECTORS EMPLOYMENT POSITION TERM OF CONTRACT: 3 YEARS WITH SUCCESSIVE ONE-YEAR PERIODS EXTENSION OPTION UNLESS TERMINATED IN WRITING BY EITHER PARTY COMPENSATION ARRANGEMENT: - BASE COMPENSATION: $345,000, VOLUNTARILY REDUCED TO $284,000 IN MARCH 2012 - INCENTIVES: DISCRETION AWARD DETERMINED IN THE SOLE AND ABSOLUTE DISCRETION BY THE SEEDCO BOARD OF DIRECTORS - MEDICAL INSURANCE & OTHER FRINGE BENEFITS: ENTITLED TO PARTICIPATE IN ALL EMPLOYEE BENEFIT PLANS AND PROGRAMS MADE AVAILABLE TO ALL EMPLOYEES OTHER SIGNIFICANT TERMS: - UPON ELIGIBILITY, SEEDCO WILL CONTRIBUTE TO SEEDCO'S 401(A) PENSION PLAN ON MS. GUNN'S BEHALF THE SAME PERCENTAGE CONTRIBUTION THAT IS MADE FOR ALL OTHER EMPLOYEES (7%). SHOULD SEEDCO REDUCE ITS CONTRIBUTION LEVEL BELOW SEVEN (7%), SEEDCO WILL PAY THE DIFFERENCE BETWEEN SEVEN PERCENT (7%) AND THE LOWER CONTRIBUTION RATE TO MS. GUNN AS ADDITIONAL COMPENSATION. THE EMPLOYER CONTRIBUTION TO THE 401(A) WAS REDUCED TO 4% EFFECTIVE JULY 1, 2012. - ESTABLISH A NON-QUALIFIED DEFERRED COMPENSATION PLAN FROM COMMENCEMENT DATE FOR EACH OF THE FIRST FIVE YEARS OF MS. GUNN'S EMPLOYMENT. SEEDCO WILL PLACE IN THE TRUST AN AMOUNT EQUAL TO TEN PERCENT (10%) OF MS. GUNN'S BASE SALARY. MS. GUNN HAS NO RIGHTS TO THE DEFERRED COMP AMOUNT PRIOR TO THE EARLIER TO OCCUR OF THE DAY BEFORE (I) MS. GUNN'S DEATH OR DISABILITY OR (II) THE FIFTH (5) ANNIVERSARY OF THE COMMENCEMENT DATE. FORM 990, PART III, LINE 3: THE FOLLOWING PROGRAMS WERE DISCONTINUED IN 2012: - WORKFORCE 1 AND BUSINESS SOLUTIONS CENTERS FUNDED BY THE US DEPARTMENT OF LABOR THROUGH THE NEW YORK CITY DEPARTMENT OF SMALL BUSINESS SERVICES - MORTGAGE MODIFICATION AND MORTGAGE SCAMS ASSISTANCE FUNDED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT - EMERGENCY HOMEOWNERS LOAN PROGRAM FUNDED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT THROUGH NEIGHBORWORKS AMERICA - FAMILY REWARDS IN NEW YORK CITY AND MEMPHIS FUNDED BY THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE THROUGH THE CENTER FOR ECONOMIC OPPORTUNITY AND THE MAYOR'S FUND TO ADVANCE NEW YORK CITY FORM 990, PART VI, SECTION B, LINE 11B: FORM 990 WAS PREPARED BY A NATIONALLY RENOWNED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. DRAFT FORM 990 WAS REVIEWED BY THE ORGANIZATION'S CFO AND THEN PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS IN DRAFT VIA ELECTRONIC MAIL, WITH AN OPPORTUNITY FOR THEM TO COMMENT OR MAKE INQUIRY BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C: THE GENERAL COUNSEL SERVES AS AN ADVISOR TO DIRECTORS AND KEY EMPLOYEES REGARDING POTENTIAL CONFLICTS, BOTH DURING THE ANNUAL RECERTIFICATION PROCESS AND AS THEY ARISE. AS NECESSARY, THE GENERAL COUNSEL BRINGS MATTERS PERTAINING TO KEY EMPLOYEES, OFFICERS, AND DIRECTORS TO THE PRESIDENT FOR DISCUSSION WITH THE BOARD; ADVISES WHEN DIRECTORS MUST REMOVE THEMSELVES FROM VOTING ON ORGANIZATION MATTERS; AND, WITH THE PRESIDENT, MAKES DETERMINATIONS ON MATTERS PERTAINING TO POTENTIAL CONFLICTS CONCERNING STAFF MEMBERS WHO ARE NOT KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINES 15A AND 15B: FOR ALL EMPLOYEES OF THE ORGANIZATION EXCEPT THE PRESIDENT, SEEDCO 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 SEEDCO'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. COMPENSATION (SALARY AND BONUS) 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. ANY BONUSES DISTRIBUTED OUTSIDE OF THE REGULAR SALARY INCREASE PROCESS IS APPROVED BY THE BOARD. 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 VIII, LINE 11B: IN MARCH 2012, THE BOARD OF DIRECTORS OF SEEDCO FINANCIAL SERVICES AND ITS SOLE MEMBER, SEEDCO, PASSED RESOLUTIONS AUTHORIZING THEIR RESPECTIVE BOARD CHAIRS AND THE CEO/PRESIDENT OF EACH ORGANIZATION TO NEGOTIATE AND EXECUTE A "SEPARATION AGREEMENT" PURSUANT TO WHICH SEEDCO FINANCIAL SERVICES WOULD BECOME A STAND-ALONE ENTITY. THE SEPARATION AGREEMENT WAS EXECUTED ON JULY 31, 2012 WITH THE SEPARATION OF SEEDCO AND SEEDCO FINANCIAL SERVICES TAKING PLACE AT CLOSE OF BUSINESS THAT DAY. FOLLOWING THE SEPARATION, NON-PROFIT ASSISTANCE CORPORATION REMAINS A WHOLLY-CONTROLLED AFFILIATE OF SEEDCO. THE EMPOWERMENT REINVESTMENT FUND WAS AND REMAINS A WHOLLY-CONTROLLED AFFILIATE OF SEEDCO FINANCIAL SERVICES. NON-PROFIT ASSISTANCE CORPORATION 915 BROADWAY 17TH FL NEW YORK NY 10010 133952047 DEVELOPMENT NY 501(C)(3) 9 false SEEDCO FINANCIAL SERVICES INC 915 BROADWAY 17TH FL NEW YORK NY 10010 593814814 FINANCING NY 501(C)(3) 7 false EMPOWERMENT REINVESTMENT FUND LLC 915 BROADWAY 17TH FL NEW YORK NY 10010 043671771 FINANCING NY SEEDCO FIN SRVC RELATED false false 0.01000 false false false true true false false false false false true false true true false true false false PART II, LINE 2 AND PART III, LINE 1: IN MARCH 2012, THE BOARD OF DIRECTORS OF SEEDCO FINANCIAL SERVICES AND ITS SOLE MEMBER, SEEDCO, PASSED RESOLUTIONS AUTHORIZING THEIR RESPECTIVE BOARD CHAIRS AND THE CEO/PRESIDENT OF EACH ORGANIZATION TO NEGOTIATE AND EXECUTE A "SEPARATION AGREEMENT" PURSUANT TO WHICH SEEDCO FINANCIAL SERVICES WOULD BECOME A STAND-ALONE ENTITY. THE SEPARATION AGREEMENT WAS EXECUTED ON JULY 31, 2012 WITH THE SEPARATION OF SEEDCO AND SEEDCO FINANCIAL SERVICES TAKING PLACE AT CLOSE OF BUSINESS THAT DAY. FOLLOWING THE SEPARATION, NON-PROFIT ASSISTANCE CORPORATION REMAINS A WHOLLY-CONTROLLED AFFILIATE OF SEEDCO. THE EMPOWERMENT REINVESTMENT FUND WAS AND REMAINS A WHOLLY-CONTROLLED AFFILIATE OF SEEDCO FINANCIAL SERVICES.