2024-09-17T14:18:24-05:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 202264584 THE WORKING WORLD INC WORK 6462574144 228 PARK AVENUE SOUTH 65768 NEW YORK NY 10003 BRENDAN MARTIN CO-EXECUTIVE DIRECTOR 6462574144 2024-09-12 1 1 SORIE KABA CPA P01317106 5083669100 2024-09-12 2023 2024-08-08 14:25:15Z SEED COMMONS BRENDAN MARTIN 228 PARK AVENUE SOUTH 65768 NEW YORK NY 10003 9581365 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 6 53 10 0 0 7194344 7174471 760374 1190474 20767 1204790 11400 11630 7986885 9581365 1840484 3867704 0 0 2637906 3324970 29000 16594 239896 1992150 3737562 6499540 10946830 1487345 -1365465 77022754 81765852 57312911 63335338 19709843 18430514 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 10123020 3867704 1202104 IN 2023, SEED COMMONS (THE ORGANIZATION) MADE 73 BELOW-MARKET RATE LOANS TO 50 DEMOCRATIC ENTERPRISES WHICH BENEFITED OVER 3,000 WORKER-OWNERS. OF THOSE 73 LOANS, 66 WERE MADE TO COOPERATIVE BUSINESSES IN THE U.S. AND 7 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. OUR LOANS 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. 10123020 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 1 173 0 1 53 1 0 1 NU 0 0 0 0 0 0 0 0 0 0 X 10 6 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 MARGO DALAL SECRETARY, EXECUTIVE DIRECTOR (DCWF) 42.00 X X 87292 0 9683 ANDREW DELMONTE DIRECTOR, EXEC DIR (COOP BUFFALO) 42.00 X 62107 0 8344 EMILY LERMAN DIRECTOR, PROJECT OFFICER (BRED) 22.00 X 38300 0 408 EDWARD LEROY WHITFIELD PRESIDENT, SENIOR FELLOW 12.00 X X 43580 0 437 GUADALUPE LUPE ROMERO ELICEA TREASURER 2.00 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 GHISLAIN GUIEBO DIRECTOR 2.00 X 0 0 0 BRENDAN MARTIN CO-EXECUTIVE DIRECTOR 40.00 X 124953 0 20232 KAREN HASKINS DIRECTOR OF FINANCE 40.00 X 107372 0 8825 KATE KHATIB CO-EXECUTIVE DIRECTOR 40.00 X 129590 0 4331 MARIA ELENA DEL VALLE MANAGING DIRECTOR 40.00 X 106124 0 8565 699318 0 60825 4 0 0 0 CHICAGO COMMUNITY AND WORKERS RIGHTS 2801 S HAMLIN CHICAGO IL 60623 COOPERATIVE DEVELOPMENT 102763 1 2803244 4371227 47144 7174471 LOAN INTEREST 900099 1275336 1275336 PROGRAM SERVICES FEES 541715 37852 37852 LOSS FROM PROGRAM RELATED EQUITY 900099 -122714 -122714 1190474 1204790 1204790 OTHER INCOME 900099 11630 11630 11630 9581365 1202104 0 1204790 3759704 3759704 108000 108000 760143 606638 136083 17422 2141857 1857082 151526 133249 16969 16227 321 421 158703 135320 15619 7764 247298 211777 23168 12353 14522 9204 5318 72340 5262 67078 16594 16594 746563 698521 576 47466 13851 12499 1243 109 67817 59464 6505 1848 32219 30466 1753 104996 104079 917 521857 521857 68821 68821 55513 55513 WRITE-OFF OF LOANS RECE 1517471 1517471 PROVISION FOR LOAN AND 349735 349735 MISCELLANEOUS 171857 50893 120964 10946830 10123020 583914 239896 32183131 9483802 23296488 38225759 403514 1243597 43693 62404 422217 392172 98866 30045 4175923 19766623 27350560 1230439 1193762 77022754 81765852 445287 1108997 1675000 1800000 5000 5000 43628321 49417188 11559303 11004153 57312911 63335338 X 10448494 13170641 9261349 5259873 19709843 18430514 77022754 81765852 X -1365465 128131 -41995 X X 0 1 X 1 1 1 X 3357391 3866826 5861013 7194344 7174471 27454045 528533 538354 786561 944554 1313188 4111190 3885924 4405180 6647574 8138898 8487659 31565235 1500000 1817400 1484157 3570607 1322000 9694164 97045 146225 123731 108617 117902 593520 1597045 1963625 1607888 3679224 1439902 10287684 21277551 1098 2421 12168 20767 1204790 1241244 1098 2421 12168 20767 1204790 1241244 3736 2698 11400 11630 29464 3890758 4410299 6659742 8171065 9704079 32835943 0.64800 0.65600 0.03780 0.00140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3653 2626 1027 418564 389546 29018 30045 LOANS RECEIVABLE 25843631 C PROGRAM RELATED INVESTMENTS 1506929 F 27350560 FISCAL AGENT LIABILITY 10621735 CREDIT LOSS LIABILITY - UNFUNDED COMMITMENTS 382418 11004153 X 7320433 128131 128131 7192302 2389063 2389063 9581365 6053137 0 6053137 4893693 4893693 10946830 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, 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR LOAN AND INTEREST LOSSES 349,735. LOAN INTEREST EXPENSE 521,857. WRITE-OFF OF LOANS RECEIVABLE AND RELATED INTEREST 1,517,471. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR CREDIT LOSSES 349,735. LOAN INTEREST EXPENSE 521,857. WRITE-OFF OF LOANS RECEIVABLE AND RELATED INTEREST 1,517,471. GRANT EXPENSE 2,504,630. 1 CENTRAL AMERICA AND THE CARIBBEAN 1 3 PROGRAM SERVICES LOANS/BUSINESS CONSULTING 64978 1 3 0 0 1 3 64978 0 64978 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. X X 1 FRIEDMAN ASSOCIATES LLC 1 KNOLLWOOD LANE IOWA CITY IA 52245 CDFI FA APPLICATION ASSISTANCE 0 0 7500 -7500 KYANITE PARTNERS 3400 SNYDER AVENUE BROOKLYN NY 11203 GGRF APPLICATION ASSISTANCE 0 0 9094 -9094 16594 -16594 CA NY 1 BELOVED COMMUNITY INCUBATOR INC 1226 VERMONT AVE NW WASHINGTON DC 20005 833133482 501(C)(3) 15625 0 COOPERATIVE DEVELOPMENT BUILDERS OF THE HIGHWAY FOUNDATION 1701 ST ANTHONY ST NEW ORLEANS LA 70116 273376275 501(C)(3) 5170 0 COOPERATIVE DEVELOPMENT CATALYST MIAMI INC 860 GERONIMO DRIVE CORAL GABLES FL 33416 650690368 501(C)(3) 15625 0 COOPERATIVE DEVELOPMENT CINCINNATI UNION COOPERATIVE INITIATIVE 215 E 14TH STREET CINCINNATI OH 45202 453914880 501(C)(3) 232499 0 COOPERATIVE DEVELOPMENT GREATER DAYTON UNION COOPERATIVE INITIATIVE INC 840 GERMANTOWN STREET DAYTON OH 45402 813470466 501(C)(3) 33750 0 COOPERATIVE DEVELOPMENT COLABORATIVA LA MILPA 528 EMMA ROAD ASHEVILLE NC 28806 208303608 501(C)(3) 277500 0 COOPERATIVE DEVELOPMENT MONTCO UNION TAXI LLC 702 EAST GUDE DRIVE ROCKVILLE MD 20850 475325360 N/A 23670 0 JOB TRAINING NEW YORK CITY NETWORK OF WORKER COOPERATIVES PO BOX 800028 ELMHURST NY 11380 465245034 N/A 166927 0 COOPERATIVE DEVELOPMENT ORGANIZATION FOR HUMAN RIGHTS AND DEMOCRACY 931 MONROE DRIVE NE SUITE 101-552 ATLANTA GA 30308 810976954 501(C)(3) 28737 0 COOPERATIVE DEVELOPMENT PHAT DADDY'S ON DA TRACKS 480 RAILROAD AVENUE CHARLESTON WV 25302 852108869 N/A 24970 0 EQUITABLE RECOVERY PROGRAM (ERP) PHILADELPHIA AREA COOPERATIVE ALLIANCE 1315 WALNUT ST STE 320 PHILADELPHIA PA 19107 454730993 501(C)(3) 31250 0 COOPERATIVE DEVELOPMENT RED EMMA'S BOOKSTORE COFFEEHOUSE 3128 GREENMOUNT AVENUE BALTIMORE MD 21218 870718186 N/A 62715 0 EQUITABLE RECOVERY PROGRAM (ERP) SOUTHEAST CENTER FOR COOPERATIVE DEVELOPMENT 6207 CENTENNIAL BLVD NASHVILLE TN 37209 824969715 501(C)(3) 70657 0 COOPERATIVE DEVELOPMENT SPOKANE WORKERS COOPERATIVE LCA 1626 E 9TH AVE SPOKANE WA 99202 863230666 N/A 72500 0 COOPERATIVE DEVELOPMENT TWW NYC SOLIDARITY INC 155 WATER STREET BROOKLYN NY 11201 880650528 N/A 159116 0 COOPERATIVE DEVELOPMENT URBAN TILTH 323 BROOKSIDE DR C/O DORIA ROBINSON RICHMOND CA 94801 204124161 501(C)(3) 33750 0 COOPERATIVE DEVELOPMENT BALTIMORE BICYCLE WORKS 1813 FALLS ROAD BALTIMORE MD 21201 262840201 N/A 0 110308 MARKET LOAN FORGIVENESS EQUITABLE RECOVERY RED EMMA'S COOPERATIVE CORPORATION 3128 GREENMOUNT AVENUE BALTIMORE MD 21218 870718186 N/A 0 250126 MARKET LOAN FORGIVENESS EQUITABLE RECOVERY OUR HARVEST COOPERATIVE INC 969 WEST NORTH BEND AVE CINCINNATI OH 45224 454922801 N/A 0 123800 MARKET LOAN FORGIVENESS EQUITABLE RECOVERY NEW ERA WINDOWS LLC 2600 W 35TH STREET SUITE 127 CHICAGO IL 60632 455460340 N/A 0 2000000 MARKET LOAN FORGIVENESS EQUITABLE RECOVERY BONFIRE MEDIA COLLECTIVE LLC 5759 CATHARINE ST PHILADELPHIA PA 19143 830740987 N/A 0 20396 MARKET LOAN FORGIVENESS EQUITABLE RECOVERY 10 11 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 9519 FMV X CONVERSION OF INTEREST PAYABLE 69 37625 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 CO-EXECUTIVE DIRECTORS, OFFICERS, AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CUMULATIVE ADJUSTMENT FROM ADOPTION OF NEW CREDIT LOSS STANDARD -41,995. 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 C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0