2024-05-15T10:07:04-05:00 2023-06-30 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2022-07-01 541850819 THE SEED FOUNDATION SEED 2027854123 1730 RHODE ISLAND AVE NW 713 WASHINGTON DC 20036 LESLEY POOLE CHIEF EXECUTIVE OFFICER 2027854123 2024-05-15 1 LESLEY POOLE XXX-XX-XXXX 0 MEREDITH BELL P01696827 8042822121 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LESLEY POOLE 1730 RHODE ISLAND AVE NW 713 WASHINGTON DC 20036 7765782 0 X WWW.SEEDFOUNDATION.COM X 1997 DC THE SEED FOUNDATION IS A NATIONAL NONPROFIT THAT PARTNERS WITH (CONTINUED ON SCHEDULE O) URBAN COMMUNITIES TO PROVIDE INNOVATIVE EDUCATIONAL OPPORTUNITIES THAT PREPARE UNDERSERVED STUDENTS FOR SUCCESS IN COLLEGE AND BEYOND. 19 18 31 25 0 0 3514486 4985598 2210061 2740193 153121 39991 0 0 5877668 7765782 521160 580373 0 0 2952774 3135074 0 0 365159 1396285 1757727 4870219 5473174 1007449 2292608 9505991 11797973 1465119 1464493 8040872 10333480 X THE SEED FOUNDATION IS A NATIONAL NONPROFIT THAT PARTNERS WITH URBAN COMMUNITIES TO PROVIDE INNOVATIVE EDUCATIONAL OPPORTUNITIES THAT PREPARE UNDERSERVED STUDENTS FOR SUCCESS IN COLLEGE AND BEYOND. 0 0 1880394 450674 THE SEED FOUNDATION CONTINUES TO MANAGE THE GROWTH OF THE SEED SCHOOL OF MIAMI. IN ADDITION, THE SEED FOUNDATION CONTINUES TO EXPLORE OTHER OPPORTUNITIES. 1459075 IMPROVE SEED SCHOOL EDUCATIONAL PROGRAM MODEL. 1432705 129699 SUPPORT SEED SCHOOL GRADUATES IN THEIR TRANSITION TO COLLEGE. 2740193 TO PROVIDE SUPPORT AROUND FINANCE AND OTHER OPERATION SUPPORT. 2740193 4772174 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 25 0 1 31 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X LESLEY POOLE 2027854123 1730 RHODE ISLAND AVE NW 713 WASHINGTON DC 20036 LESLEY POOLE CHIEF EXECUTIVE OFFICER 40.00 3.00 X X 294635 0 28467 EILEEN SHIELDS-WEST CHAIR 2.00 0.00 X X 0 0 0 DEREK M ABRUZZESE CO-CHAIR 2.00 0.00 X X 0 0 0 CHRISTOPHER BUCHBINDER CO-CHAIR 2.00 0.00 X X 0 0 0 ANN B FRIEDMAN DIRECTOR 2.00 0.00 X 0 0 0 EARL ADAMS JR DIRECTOR 2.00 0.00 X 0 0 0 ERIC S ADLER DIRECTOR 2.00 2.00 X 0 0 0 ANTWAIN COWARD DIRECTOR 2.00 0.00 X 0 0 0 STEVE FEDDER DIRECTOR 2.00 0.00 X 0 0 0 VASCO F FERNANDES DIRECTOR 2.00 0.00 X 0 0 0 ELIZABETH GALVIN DIRECTOR 2.00 0.00 X 0 0 0 REBECCA GIFFORD-GOLDBERG DIRECTOR 2.00 0.00 X 0 0 0 MARC E MILLER DIRECTOR 2.00 0.00 X 0 0 0 ROSALIA MILLER DIRECTOR 2.00 0.00 X 0 0 0 JAMIE MOELLER DIRECTOR 2.00 0.00 X 0 0 0 JOHN M NOEL DIRECTOR 2.00 0.00 X 0 0 0 DESA SEALY DIRECTOR 2.00 0.00 X 0 0 0 RAJIV VINNAKOTA DIRECTOR 2.00 1.00 X 0 0 0 DAN WINSTON DIRECTOR 2.00 1.00 X 0 0 0 VINCENA ALLEN CHIEF GROWTH OFFICER 40.00 0.00 X 194250 0 25381 KENIQ CONEY CHIEF SCHOOLS OFFICER 40.00 0.00 X 199697 0 23950 ALISHA HUNTLEY CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 136411 0 15817 HOPI MOODIE DIR, STRATEGIC INITIATIVES 40.00 0.00 X 133073 0 39994 CHLOE MARSHALL DIR, LEADERSHIP & PROGRAM DESIGN 40.00 0.00 X 128005 0 14800 BEVERLEY BADLEY DIRECTOR OF FINANCE 40.00 0.00 X 104872 0 16634 1190943 0 165043 7 0 1 0 REBECCA VERDOLINO 24325 MULHOLLAND HIGHWAY CALABASAS CA 90302 DEVELOPMENT SERVICES 130000 ATTAINMENT CONSULTING GROUP LLC 1650 TYSONS BLVD STE 1530 MCLEAN VA 22101 COLLEGE MATCHING TECH. SOLN. CONSULTANT 109833 REGAN ASSOCIATES 1000 MONROE STREET HERNDON VA 20170 CONSTRUCTION MANAGER 102825 3 4985598 10309 4985598 SCHOOL FEE 900099 2740193 2740193 2740193 39991 39991 7765782 2740193 0 39991 X 450674 450674 129699 129699 796343 684009 50880 61454 1732766 1488337 110710 133719 135760 116645 9065 10050 294846 253332 19688 21826 175359 150674 11769 12916 19197 16813 1192 1192 65212 48909 16303 67739 67739 648656 599264 40363 9029 18154 12541 1895 3718 69199 55572 6787 6840 41600 39431 850 1319 129212 117971 3747 7494 245078 224238 10082 10758 70296 55779 5168 9349 34600 34600 21444 16083 5361 60403 60403 CTS SUPPORT 127340 127340 STAFF/LEADERSHIP DEVEL. 54603 47236 3096 4271 SEED NETWORK SUPPORT 26027 26027 STAFF RECRUITING 7866 7808 58 51101 43389 4227 3485 5473174 4772174 335841 365159 2555209 4034121 360920 857536 12670 115883 4857191 128786 4733841 4728405 1843351 2062028 9505991 11797973 140454 272205 1300000 1000000 24665 192288 1465119 1464493 X 2877162 4585037 5163710 5748443 8040872 10333480 9505991 11797973 2292608 0 X X 0 1 X 1 0 X 2831472 3739866 3057008 3514486 4985598 18128430 2831472 3739866 3057008 3514486 4985598 18128430 2911291 15217139 47340 144440 152730 153121 39991 537622 38875 35911 409 75195 18741247 9559215 0.81200 0.75010 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 38,875. 2019 AMOUNT: $ 35,911. 2020 AMOUNT: $ 409. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 67739 67739 0 PART II-B, LINE 1: RONALD BOOK PROVIDED STRATEGIC CONSULTING SERVICES TO HELP SECURE EDUCATIONAL FUNDING FOR THE SEED SCHOOL OF MIAMI. 250760 287 251047 250735 25 250760 150000 100000 735 250735 150000 150000 0.00000 0.99583 0.00417 0 0 156318 123208 33110 4700873 5578 4695295 4728405 DEPOSITS 57654 DUE FROM SEED SCHOOL OF MIAMI 1199675 DUE FROM SEED SCHOOL OF MARYLAND 63444 DUE FROM SEED SCHOOL OF LOS ANGELES 514835 DUE FROM SEED SCHOOL OF D.C. 35462 OPERATING LEASE RIGHT OF USE ASSETS 190958 2062028 OPERATING LEASE LIABILITIES 192288 192288 X 45148288 37382506 37382506 7765782 0 7765782 41946160 36472986 36472986 5473174 0 5473174 PART V, LINE 4: THE SEED FOUNDATION HAS RECEIVED $250,000 OF A PERMANENT ENDOWMENT. PROCEEDS OF EARNINGS ON ORIGINAL ENDOWMENT AMOUNTS WILL BE USED FOR ANNUAL SCHOLARSHIP AND AWARD PROGRAMS, AS DEEMED CONSISTENT WITH THE SPECIFIC ENDOWMENT PURPOSE. PART X, LINE 2: THE DC SCHOOL, THE MD SCHOOL, THE FOUNDATION AND THE MIAMI LLC, A DERIVATIVE OF A DISREGARDED ENTITY SINCE THE FOUNDATION IS THE ONLY SINGLE MEMBER, ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF THE CODE. INCOME THAT IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES BASED UPON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN POSITIONS THAT REQUIRE ADJUSTMENTS TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES ACTIVITIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENT 37,382,506. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES ACTIVITIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENT 36,472,986. 1 THE MIAMI BOARDING SCHOOL INC (DBA THE SEED SCHOOL OF MIAMI) 8004 NW 154TH STREET 389 MIAMI LAKES FL 33016 453532587 501(C)(3) 450674 0 CONTRIBUTIONS TO SUPPORT THE MIAMI SCHOOL 1 0 COLLEGE SCHOLARSHIPS 73 94699 SEED MD SCHOLARSHIPS 22 20000 ADLER FAMILY SCHOLARSHIPS 6 15000 PART I, LINE 2: THE SEED FOUNDATION SCHOLARSHIP IS ONLY AWARDED TO SELECT SEED SCHOOL GRADUATES WHO GRADUATE IN JUNE OF THEIR SENIOR YEAR AND ENROLL IN A FULL-TIME APPROVED UNDERGRADUATE PROGRAM AT AN ACCREDITED COLLEGE OR UNIVERSITY FOR THE 2023-2024 ACADEMIC YEAR. AN APPLICANT MUST BE AN 11TH-GRADE STUDENT AT THE SEED SCHOOLS OF WASHINGTON DC AND MARYLAND. SEED SCHOLARSHIP RECIPIENTS ARE SELECTED IN THE SPRING OF 11TH GRADE, AND AWARDED THE SCHOLARSHIP, PRIOR TO ENTERING COLLEGE. APPLICATIONS ARE DUE NO LATER THAN MARCH 1, 2023. APPLICANTS THAT SUBMIT COMPLETED APPLICATIONS BY THE SPECIFIED DUE DATE ARE CONTACTED BY THE SEED FOUNDATION TO ARRANGE AN IN-PERSON INTERVIEW WITH THE SEED SCHOLARSHIP COMMITTEE. SCHOLARSHIP WINNERS ARE SELECTED BY A COMMITTEE ON THE BASIS OF THEIR APPLICATIONS, ESSAYS, RECOMMENDATIONS, INTERVIEWS, AND A LIST OF ADDITIONAL SCHOLARSHIPS FOR WHICH STUDENTS ARE ACTIVELY APPLYING OR HAVE ALREADY RECEIVED. X X X 0 0 0 0 0 0 0 1 0 LESLEY POOLE CHIEF EXECUTIVE OFFICER 269571 0 23000 0 2064 0 15094 0 17333 0 327062 0 0 0 KENIQ CONEY CHIEF SCHOOLS OFFICER 193427 0 6000 0 270 0 11868 0 14974 0 226539 0 0 0 VINCENA ALLEN CHIEF GROWTH OFFICER 187836 0 6000 0 414 0 11632 0 17145 0 223027 0 0 0 HOPI MOODIE DIR, STRATEGIC INITIATIVES 128073 0 5000 0 0 0 8376 0 34296 0 175745 0 0 0 ALISHA HUNTLEY CHIEF DEVELOPMENT OFFICER 130411 0 6000 0 0 0 5996 0 10688 0 153095 0 0 0 PART I, LINE 7 THE BONUS WAS PAID BASED ON PERFORMANCE. THIS WAS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE SEED FOUNDATION HAS TWO MEMBERS, ERIC ADLER, AND RAJIV VINNAKOTA. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S TWO MEMBERS, ERIC ADLER, AND RAJIV VINNAKOTA MAY ELECT NEW DIRECTORS AND MUST APPROVE ALL NEW DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE SEED FOUNDATION FORM 990 WILL BE INITIALLY REVIEWED BY ITS CHIEF EXECUTIVE OFFICER, THE DIRECTOR OF FINANCE, AND THE NETWORK CHIEF FINANCIAL OFFICER. IT WILL THEN BE REVIEWED BY THE BOARD OF DIRECTORS' FINANCE COMMITTEE. AFTER THE FINANCE COMMITTEE RECEIVES THE FORM 990, A FINAL DRAFT WILL BE DISTRIBUTED TO THE SEED FOUNDATION'S ENTIRE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C FROM CONFLICT OF INTEREST POLICY DOCUMENT. SECTION 6.01 EACH COVERED PERSON SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: 1. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; 2. HAS READ AND UNDERSTANDS THE POLICY; 3.HAS AGREED TO COMPLY WITH THE POLICY; AND 4.UNDERSTANDS THAT THE FOUNDATION AND ITS SUBSIDIARIES ARE CHARITABLE ORGANIZATIONS AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE SEED FOUNDATION BOARD OF DIRECTORS APPROVES THE COMPENSATION OF ITS OFFICERS, DIRECTORS AND KEY EMPLOYEES AS PART OF APPROVING THE ANNUAL BUDGET. MEMBERS OF THE BOARD OF DIRECTORS RECEIVE NO COMPENSATION. THE BOARD OF DIRECTORS SET THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES BY CONSIDERING TWO FACTORS: 1) AN INFORMAL MARKET ANALYSIS OF COMPARABLE POSITIONS 2) WHAT THE ORGANIZATION CAN AFFORD TO PAY BASED ON ITS BUDGET CONSTRAINTS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART IX, LINE 11G PROFESSIONAL CONSULTANT: PROGRAM SERVICE EXPENSES 361,644. MANAGEMENT AND GENERAL EXPENSES 40,149. FUNDRAISING EXPENSES 8,717. TOTAL EXPENSES 410,510. STUDENT INTERNS: PROGRAM SERVICE EXPENSES 18,004. MANAGEMENT AND GENERAL EXPENSES 171. FUNDRAISING EXPENSES 270. TOTAL EXPENSES 18,445. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 219,616. MANAGEMENT AND GENERAL EXPENSES 43. FUNDRAISING EXPENSES 42. TOTAL EXPENSES 219,701. FORM 990, PART XII, LINE 1, METHOD OF ACCOUNTING: THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. THE SEED SCHOOL OF MIAMI FOUNDATION LLC 15800 NW 42ND AVE MIAMI GARDENS FL 330546155 464498225 EDUCATIONAL, CHARITABLE FL 4369 3045291 THE SEED FOUNDATION THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON DC 4300 C STREET SE WASHINGTON DC 20019 522099612 BOARDING SCHOOL DC 501(C)(3) LINE 2 THE SEED FOUNDATION 0 THE SEED SCHOOL OF MARYLAND 200 FONT HILL AVENUE BALTIMORE MD 21223 061818759 BOARDING SCHOOL MD 501(C)(3) LINE 2 THE SEED FOUNDATION 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 SEED SCHOOL OF MARYLAND D 16958000 COST SEED SCHOOL OF DC L 787125 COST SEED SCHOOL OF MARYLAND L 1035000 COST SEED SCHOOL OF DC Q 272725 COST SEED SCHOOL OF MARYLAND Q 263988 COST