2023-11-14T12:41:18-06:00 2022-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-01-01 202264584 THE WORKING WORLD INC WORK 6462574144 228 PARK AVENUE SOUTH 65768 NEW YORK NY 10003 BRENDAN MARTIN CO-EXECUTIVE DIRECTOR 6462574144 2023-11-09 1 BRENDAN MARTIN XXX-XX-XXXX 1 SORIE KABA CPA P01317106 5083669100 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SEED COMMONS BRENDAN MARTIN 228 PARK AVENUE SOUTH 65768 NEW YORK NY 10003 7986885 0 X WWW.SEEDCOMMONS.ORG X 2005 ME SEED COMMONS IS AN APPLIED RESEARCH ORGANIZATION STUDYING, TESTING, ASSESSING AND IMPLEMENTING BEST PRACTICES FOR COMMUNITY ECONOMIC DEVELOPMENT THROUGH THE EXPANSION OF DEMOCRATIC ENTERPRISE AND COMMUNITY-CONTROLLED NON-EXTRACTIVE CAPITAL. 10 5 43 10 0 0 15754104 7194344 725345 760374 -107358 20767 0 11400 16372091 7986885 778710 1840484 0 0 1836215 2637906 21000 29000 96332 1136080 1992150 3772005 6499540 12600086 1487345 67837325 77022754 49614827 57312911 18222498 19709843 X SEED COMMONS IS AN APPLIED RESEARCH ORGANIZATION STUDYING, TESTING, ASSESSING AND IMPLEMENTING BEST PRACTICES FOR COMMUNITY ECONOMIC DEVELOPMENT THROUGH THE EXPANSION OF DEMOCRATIC ENTERPRISE AND COMMUNITY-CONTROLLED NON-EXTRACTIVE CAPITAL. 0 0 5907355 1840484 771774 IN 2022, SEED COMMONS MADE 52 BELOW-MARKET RATE LOANS TO 37 DEMOCRATIC ENTERPRISES WHICH BENEFITED OVER 3,000 WORKER-OWNERS. OF THOSE 52 LOANS, 49 WERE MADE TO COOPERATIVE BUSINESSES IN THE US AND 3 WERE MADE IN NICARAGUA. SEED COMMONS CONTINUES TO FOCUS ITS WORK IN COMMUNITIES WHOSE POPULATIONS ARE LOW-INCOME, MARGINALIZED, AND AT-RISK. THE LOAN SELECTION PROCESS INVOLVES A DOUBLE BOTTOM LINE, WHEREIN WE ASSESS THE BUSINESS PLAN TO MEASURE THE PROJECTED YIELD IN FINANCIAL BENEFIT TO THE COOPERATIVE AND ALSO MEASURE THE SOCIAL IMPACT, WHICH CAN INCLUDE SUCH QUANTIFIABLE PARAMETERS AS INCOME ENHANCEMENT (ESPECIALLY WHEN RISING ABOVE THE POVERTY LINE), INCREASED EMPLOYMENT, AND MORE ABSTRACT VARIABLES SUCH AS CAPACITY DEVELOPMENT AND INCREASED COMMUNITY STABILITY. SINCE SEED COMMONS INCEPTION, 98% OF LOANS MADE HAVE BEEN PAID BACK AND HAVE SUBSTANTIALLY INCREASED THE CAPITAL OF THE ENTERPRISE IN THREE CATEGORIES: FINANCIAL, HUMAN AND SOCIAL. THESE LOANS IMPROVED THE FINANCIAL SITUATIONS OF THESE SMALL BUSINESSES AND, IN MOST CASES, ALSO RESULTED IN A SUBSTANTIAL INCREASE IN PRODUCTION AND EMPLOYMENT. 5907355 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 1 1 1 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 8 0 1 43 1 0 1 NU 0 0 0 0 0 0 0 0 0 0 X 10 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CA X BRENDAN MARTIN 6462574144 228 PARK AVENUE SOUTH SUITE 65768 NEW YORK NY 10003 BRENDAN MARTIN CO-EXECUTIVE DIRECTOR 40.00 X 99476 0 6124 KAREN HASKINS DIRECTOR OF FINANCE 40.00 X 98310 0 7105 KATE KHATIB CO-EXECUTIVE DIRECTOR 40.00 X 102940 0 0 GHISLAIN GUIEBO DIRECTOR, CO-EXECUTIVE DIR (TWW) 42.00 X 83890 0 7105 MARGO DALAL SECRETARY, EXECUTIVE DIRECTOR (DCWF) 42.00 X X 72536 0 7105 ANDREW DELMONTE DIRECTOR, EXEC DIR (COOP BUFFALO) 42.00 X 59191 0 7251 EMILY LERMAN DIRECTOR, PROJECT OFFICER (BRED) 22.00 X 37000 0 0 EDWARD LEROY WHITFIELD PRESIDENT, SENIOR FELLOW 12.00 X X 21514 0 0 GUADALUPE LUPE ROMERO ELICEA TREASURER 2.00 X X 0 0 0 ETHAN STRICKER EARLE CHAIR (UNTIL 6/13/2022) 1.00 X X 0 0 0 GOPAL ROA NANDARUP DAYANENI SECRETARY (UNTIL 6/13/2022) 1.00 X X 0 0 0 KRISTEN BARKER DIRECTOR 2.00 X 0 0 0 ANDREA GOLDEN DIRECTOR 2.00 X 0 0 0 GILDA HAAS DIRECTOR 2.00 X 0 0 0 BRIANA SIDNEY DIRECTOR 2.00 X 0 0 0 MELISSA HOOVER DIRECTOR (UNTIL 6/13/2022) 1.00 X 0 0 0 AVRAM LEWIS DIRECTOR (UNTIL 6/13/2022) 1.00 X 0 0 0 ARMANDO ROBLES DIRECTOR (UNTIL 6/13/2022) 1.00 X 0 0 0 574857 0 34690 1 0 0 0 SASSAFRAS TECH COLLECTIVE 1919 W STADIUM BLVD STE 3 ANN ARBOR MI 48103 SOFTWARE DEVELOPMENT 101420 1 992170 6202174 920722 7194344 LOAN INTEREST 900099 853275 853275 PROGRAM SERVICES FEES 541715 91279 91279 LOSS FROM PROGRAM RELA 900099 -184180 -184180 760374 20767 20767 OTHER INCOME 900099 11400 11400 11400 7986885 771774 0 20767 1732484 1732484 108000 108000 415110 316149 75532 23429 1891182 1697017 157603 36562 145602 131085 14479 38 186012 161098 19733 5181 119006 38117 80889 44200 4200 40000 29000 29000 363513 362059 1454 12853 12483 370 63169 56872 4970 1327 44130 44058 72 75322 65362 9960 194056 194056 70281 70281 38140 38140 PROVISION FOR LOAN AND 868396 868396 MISCELLANEOUS 99084 45638 52651 795 6499540 5907355 495853 96332 40075585 32183131 12171211 23296488 1139980 403514 57029 43693 421352 322486 169147 98866 13210434 19766623 1013939 1230439 67837325 77022754 259376 445287 625000 1675000 5000 5000 32510485 43628321 16214966 11559303 49614827 57312911 X 7199308 10448494 11023190 9261349 18222498 19709843 67837325 77022754 1487345 0 X X 0 1 X 1 0 X 2803241 3357391 3866826 5861013 7194344 23082815 358764 528533 538354 786561 944554 3156766 3162005 3885924 4405180 6647574 8138898 26239581 1500000 1817400 1484157 3570607 8372164 142268 97045 146225 123731 108617 617886 142268 1597045 1963625 1607888 3679224 8990050 17249531 444 1098 2421 12168 20767 36898 444 1098 2421 12168 20767 36898 1501 3736 2698 11400 19335 3163950 3890758 4410299 6659742 8171065 26295814 0.65600 0.73480 0.00140 0.00080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2788 2584 204 418564 319902 98662 98866 LOANS RECEIVABLE 18235462 C PROGRAM RELATED INVESTMENTS 1531161 F 19766623 FISCAL AGENT LIABILITY 11559303 11559303 X 6924433 0 6924433 1062452 1062452 7986885 5437088 0 5437088 1062452 1062452 6499540 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR LOAN AND INTEREST LOSSES 868,396. LOAN INTEREST EXPENSE 194,056. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR LOAN AND INTEREST LOSSES 868,396. LOAN INTEREST EXPENSE 194,056. 1 CENTRAL AMERICA AND THE CARIBBEAN 1 3 PROGRAM SERVICES LOANS/BUSINESS CONSULTING 63788 1 3 0 0 1 3 63788 0 63788 SOUTH AMERICA OPERATING 108000 WIRE 0 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES BY REVIEWING QUARTERLY REPORTS PROVIDED BY THE FOREIGN AGENCY. PART III ACCOUNTING METHOD: X X 1 FRIEDMAN ASSOCIATES LLC 1 KNOLLWOOD LANE IOWA CITY IA 52245 CDFI FA AND ERP APPLICATION ASSISTANCE 0 0 17000 -17000 D SCARANO & ASSOCIATES INC 1 FIELDSTONE COURT EAST HANOVER NJ 07936 FA APPLICATION ASSISTANCE 0 0 12000 -12000 29000 -29000 CA NY 1 BUILDERS OF THE HIGHWAY FOUNDATION 1701 ST ANTHONY ST NEW ORLEANS LA 70116 273376275 501(C)(3) 33318 0 COOPERATIVE DEVELOPMENT BUSINESS OUTREACH CENTER NETWORK INC (BOC-NET) 85 S OXFORD ST FL 2 BROOKLYN NY 11217 113306111 501(C)(3) 16667 0 COOPERATIVE DEVELOPMENT CENTER FOR ECONOMIC DEMOCRACY PO BOX 300299 JAMAICA PLAIN MA 02130 473589804 501(C)(3) 18750 0 COOPERATIVE DEVELOPMENT CINCINNATI UNION COOPERATIVE INITIATIVE 215 E 14TH STREET CINCINNATI OH 45202 453914880 501(C)(3) 134999 0 COOPERATIVE DEVELOPMENT COLABORATIVA LA MILPA 528 EMMA ROAD ASHEVILLE NC 28806 208303608 501(C)(3) 177500 0 COOPERATIVE DEVELOPMENT GREATER DAYTON UNION COOPERATIVE INITIATIVE 840 GERMANTOWN STREET DAYTON OH 45402 813470466 501(C)(3) 13750 0 COOPERATIVE DEVELOPMENT NEW YORK CITY NETWORK OF WORKER COOPERATIVES PO BOX 800028 ELMHURST NY 11380 465245034 501(C)(6) 93868 0 COOPERATIVE DEVELOPMENT ORGANIZATION FOR HUMAN RIGHTS AND DEMOCRACY 931 MONROE DRIVE NE SUITE 101-552 ATLANTA GA 30308 810976954 501(C)(3) 25195 0 COOPERATIVE DEVELOPMENT PHAT DADDY'S ON DA TRACKS 480 RAILROAD AVENUE CHARLESTON WV 25302 852108869 N/A 15000 0 JOB TRAINING PHILADELPHIA AREA COOPERATIVE ALLIANCE 1315 WALNUT ST STE 320 PHILADELPHIA PA 19107 454730993 501(C)(3) 18875 0 COOPERATIVE DEVELOPMENT POSSIBILITY LABS 1410 FRANKLIN ST STE 135 SAN FRANCISCO CA 94109 853989363 501(C)(3) 1000000 0 COOPERATIVE DEVELOPMENT SOUTHEAST CENTER FOR COOPERATIVE DEVELOPMENT 6207 CENTENNIAL BLVD NASHVILLE TN 37209 824969715 501(C)(3) 40817 0 COOPERATIVE DEVELOPMENT SOUTHWEST BROOKLYN INDUSTRIAL DEVELOPMENT CORPORATION 241 41ST ST BROOKLYN NY 11232 112508370 501(C)(3) 16667 0 COOPERATIVE DEVELOPMENT SPOKANE WORKERS COOPERATIVE LCA 1626 E 9TH AVE SPOKANE WA 99202 863230666 N/A 41176 0 COOPERATIVE DEVELOPMENT SUSTAINABLE ECONOMIES LAW CENTER 1428 FRANKLIN ST OAKLAND CA 94612 462210531 501(C)(3) 21250 0 COOPERATIVE DEVELOPMENT THE MIDIAN LEADERSHIP PROJECT 711 PARK AVE CHARLESTON WV 25302 842878626 501(C)(3) 15000 0 JOB TRAINING TWW NYC SOLIDARITY INC 155 WATER STREET BROOKLYN NY 11201 880650528 N/A 19900 0 COOPERATIVE DEVELOPMENT URBAN TILTH 323 BROOKSIDE DR RICHMOND CA 94801 204124161 501(C)(3) 20094 0 COOPERATIVE DEVELOPMENT 15 4 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS IN THE UNITED STATES BY REVIEWING QUARTERLY REPORTS PROVIDED BY THE AGENCIES. BRENDAN MARTIN CO-EXECUTIVE DIRECTOR UNSECURED PASS THROUGH LOAN TO ORGANIZATION FOR AN UNDERLYING COOP LOAN X 5000 5000 0 1 1 5000 X 3 20722 FMV X NON-CASH GRANT 1 900000 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS AND APPROVES FORM 990 FOR TIMELY FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A BOARD APPROVED CONFLICT OF INTEREST POLICY. EACH BOARD MEMBER MUST FILL OUT AN ANNUAL DECLARATION STATING THEY HAD NO CONFLICTS OR IDENTIFYING THE NATURE OF THEIR INTERESTED PARTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR, OFFICERS, AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS APPOINTS THE AUDITOR AND APPROVES THE FINANCIAL STATEMENTS. SEED COMMONS PRODUCTIVE SUSTAINABILITY FUND INC 228 PARK AVE SOUTH SUITE 65768 NEW YORK NY 10003 921190711 PROVIDES INVESTMENT CAPITAL NY SEED COMMONS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0