2025-05-15T12:53:39-05:00 2024-06-30 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 400 BALTIMORE MD 21202 990 2023-07-01 541850819 THE SEED FOUNDATION SEED 2027854123 1730 RHODE ISLAND AVE NW 713 WASHINGTON DC 20036 LESLEY POOLE CHIEF EXECUTIVE OFFICER 2027854123 2025-05-15 1 1 JULIA FLANNERY P00928918 4102469300 2025-05-15 2023 2025-03-06 01:10:19Z LESLEY POOLE 1730 RHODE ISLAND AVE NW 713 WASHINGTON DC 20036 5388815 0 X WWW.SEEDFOUNDATION.COM X 1997 DC THE SEED FOUNDATION IS A NATIONAL NONPROFIT THAT PARTNERS WITH (CONTINUED ON SCHEDULE O) COMMUNITIES TO PROVIDE INNOVATIVE EDUCATIONAL OPPORTUNITIES THAT PREPARE UNDERSERVED STUDENTS FOR SUCCESS IN COLLEGE AND BEYOND. 18 17 34 25 0 0 4985598 2077959 2740193 3148364 39991 162492 0 0 7765782 5388815 580373 344624 0 0 3135074 3545185 0 0 418513 1757727 1787237 5473174 5677046 2292608 -288231 11797973 11339959 1464493 1294710 10333480 10045249 X THE SEED FOUNDATION IS A NATIONAL NONPROFIT THAT PARTNERS WITH COMMUNITIES TO PROVIDE INNOVATIVE EDUCATIONAL OPPORTUNITIES THAT PREPARE UNDERSERVED STUDENTS FOR SUCCESS IN COLLEGE AND BEYOND. 0 0 1751978 194624 SEED'S COLLEGE TRANSITION & SUCCESS (CTS) PROGRAM IS DEDICATED TO SUPPORTING SEED SCHOOL GRADUATES IN THEIR TRANSITION TO COLLEGE AND SEED'S OVERALL COMMITMENT TO PREPARING STUDENTS FOR SUCCESS IN COLLEGE BEYOND. TO AMPLIFY THE IMPACT OF SEED'S EDUCATIONAL PROGRAM MODEL, CTS PRIORITIZES: (1) DELIVERING HIGH QUALITY COLLEGE TRANSITION ADVISING AND PROGRAMMING, (2) LEADING COLLEGE KNOWLEDGE CAPACITY BUILDING ACROSS SEED SCHOOLS, (3) SUPPORTING THE UNDERSTANDING AND USAGE OF COLLEGE SUCCESS DATA, AND(4) EXPANDING SEED'S COLLEGE SUCCESS EXPERTISE VIA OUR COLLEGE MATCHING TECHNOLOGY SOLUTION. AS A RESULT OF THE WORK OF THE CTS PROGRAM, BEST PRACTICES AND RESOURCES SUCH AS THE COLLEGE ACCESS & SUCCESS GUIDE, COLLEGE OUTREACH VISITS TO ALL SEED GRADUATES, AND THE REQUIRED ELEMENTS OF SEED'S COLLEGE KNOWLEDGE & ADVISING PILLAR HAVE BEEN CORE TO EXECUTING SEED'S MISSION. MOST NOTABLY, SEED'S ATTENTION TO THE KEY INDICATORS OF COLLEGE DEGREE ATTAINMENT AND CONSISTENT ENGAGEMENT WITH SEED GRADUATES HAS RESULTED IN THE DEVELOPMENT OF AN EVIDENCE-BASED COLLEGE MATCHING TIER SYSTEM. SEED STUDENTS WHO BEGIN THEIR COLLEGE JOURNEY AT "RIGHT FIT" INSTITUTIONS BASED ON OUR COLLEGE MATCHING TIER SYSTEM ARE EARNING COLLEGE DEGREES AT RATES OF NEARLY 68% WHICH IS MORE THAN 5 TIMES GREATER THAN THE NATIONAL AVERAGE FOR LOW INCOME, FIRST GENERATION AFRICAN AMERICAN AND LATINO STUDENTS. WITH MORE THAN 1,000 STUDENTS CURRENTLY ENROLLED AT SEED SCHOOLS AND 1,100 SEED GRADUATES ACROSS THE COUNTRY, THE CTS PROGRAM REMAINS COMMITTED TO DELIVERING HIGH QUALITY ADVISING, PROGRAMMING, AND CAPACITY BUILDING SERVICES. MOREOVER, AS K-12 AND POSTSECONDARY EDUCATION EVOLVES ACROSS THE COUNTRY, WE ARE ACTIVELY REFINING AND STRENGTHENING OUR COLLEGE SUCCESS EFFORTS VIA DATA ANALYSIS, DIRECT SERVICES, PARTNERSHIPS, AND TRAINING. 1691781 THE SCHOOL SUPPORT TEAM WORKS TO STRENGTHEN THE SEED NETWORK AND ITS LEADERS BY ESTABLISHING SUSTAINABLE SYSTEMS, STRUCTURES, AND PROCESSES. THE SCHOOL SUPPORT TEAM HAS TWO CORE PRIORITIES:-SYSTEMS WORK: THE SCHOOL SUPPORT TEAM FOCUSES ON CREATING ROBUST, EFFICIENT, AND SCALABLE NETWORK INITIATIVES AND SYSTEMS THAT PROVIDE A STRONG FOUNDATION FOR SCHOOL OPERATIONS, DATA MANAGEMENT, AND CONTINUOUS IMPROVEMENT ACROSS THE NETWORK.-PEOPLE WORK: THE SCHOOL SUPPORT TEAM PRIORITIZES BUILDING THE CAPACITY OF STAFF AND LEADERS WITHIN THE NETWORK BY PROVIDING TRAINING AND RESOURCES AS WELL AS FOSTERING A CULTURE OF COLLABORATION AND SHARED EXPERTISE.THE SCHOOL SUPPORT TEAM'S LEADS AND SUPPORTS VARIOUS INITIATIVES, INCLUDING BUT NOT LIMITED TO THE SEED SCHOOL IMPROVEMENT PLAN PROCESS, ANNUAL SCHOOL REVIEWS, NETWORK ASSESSMENTS, COMMUNITIES OF PRACTICE, DEFINING, TRACKING, AND REPORTING ON KEY PERFORMANCE INDICATORS (SEED NETWORK SUCCESS MEASURES), FACILITATING PROFESSIONAL DEVELOPMENT, AND LEADING THE ANNUAL SEED SUMMIT. 1453254 150000 THE SEED FOUNDATION CONTINUES TO MANAGE THE GROWTH OF THE SEED SCHOOL OF MIAMI. IN ADDITION, THE SEED FOUNDATION CONTINUES TO EXPLORE OTHER OPPORTUNITIES. 3148364 TO SUPPORT THE IMPLEMENTATION AND MONITORING OF FIDELITY TO THE SEED MODEL AT SEED SCHOOLS, SUPPORT TO SCHOOL LEADERS, PROFESSIONAL AND SYSTEM DEVELOPMENT AT SEED SCHOOLS, IN ADDITION TO OTHER FORMS OF PROGRAMMATIC SUPPORT AND DEVELOPMENT. 3148364 4897013 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 28 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 1 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 2.00 X X 321121 0 26177 EILEEN SHIELDS-WEST CHAIR 2.00 X X 0 0 0 DEREK M ABRUZZESE CO-CHAIR 2.00 X X 0 0 0 CHRISTOPHER BUCHBINDER CO-CHAIR 2.00 X X 0 0 0 ANN B FRIEDMAN DIRECTOR 2.00 X 0 0 0 EARL ADAMS JR DIRECTOR 2.00 X 0 0 0 ERIC S ADLER DIRECTOR 2.00 1.00 X 0 0 0 ANTWAIN COWARD DIRECTOR 2.00 X 0 0 0 STEVE FEDDER DIRECTOR 2.00 3.00 X 0 0 0 VASCO F FERNANDES DIRECTOR 2.00 X 0 0 0 ELIZABETH GALVIN DIRECTOR 2.00 X 0 0 0 REBECCA GIFFORD-GOLDBERG DIRECTOR 2.00 X 0 0 0 MARC E MILLER DIRECTOR 2.00 X 0 0 0 ROSALIA MILLER DIRECTOR 2.00 X 0 0 0 JAMIE MOELLER DIRECTOR 2.00 X 0 0 0 JOHN M NOEL DIRECTOR THRU 6/30/24 2.00 X 0 0 0 DESA SEALY DIRECTOR 2.00 X 0 0 0 RAJIV VINNAKOTA DIRECTOR 2.00 1.00 X 0 0 0 DAN WINSTON DIRECTOR 2.00 X 0 0 0 VINCENA ALLEN CHIEF GROWTH OFFICER 40.00 X 234716 0 26379 KENIQ CONEY CHIEF SCHOOLS OFFICER 40.00 X 217810 0 21399 ALISHA HUNTLEY CHIEF DEVELOPMENT OFFICER 40.00 X 143833 0 11083 HOPI MOODIE CHIEF OPERATING OFFICER 40.00 X 149714 0 39759 CHLOE MARSHALL DIR, LEADERSHIP & PROGRAM DESIGN 40.00 X 134783 0 14688 BEVERLEY BADLEY DIRECTOR OF FINANCE 40.00 X 111601 0 16721 WOODROW SCOTT DIR, STRATEGIC GROWTH 40.00 X 108517 0 5626 1422095 0 161832 11 0 1 0 EDGILITY CONSULTING 480 S HOLLY STREET DENVER CO 80246 CONSULTING SERVICES 239999 REGAN ASSOCIATES 1000 MONROE STREET HERNDON VA 20170 CONSTRUCTION MANAGER 152926 REBECCA VERDOLINO 24325 MULHOLLAND HIGHWAY CALABASAS CA 90302 DEVELOPMENT SERVICES 120000 3 2077959 2077959 MANAGEMENT FEE 900099 3148364 3148364 3148364 162492 162492 5388815 3148364 0 162492 150000 150000 194624 194624 846493 731892 57121 57480 2012874 1724945 130542 157387 153037 148489 2087 2461 329079 244397 42654 42028 203702 200085 1537 2080 725 725 77500 58125 19375 65897 65897 543667 482015 48658 12994 31491 18200 4441 8850 81893 60448 9037 12408 77004 59837 6113 11054 84419 84419 284481 258919 12995 12567 89498 47198 14328 27972 61857 61857 25689 19267 6422 40269 40269 STAFF/LEADERSHIP DEVEL. 60564 56676 1602 2286 CTS SUPPORT 45760 45760 SEED NETWORK SUPPORT 29298 29298 STAFF RECRUITING 934 856 78 186291 112815 4530 68946 5677046 4897013 361520 418513 4034121 4133546 857536 718662 115883 102053 4880539 148931 4728405 4731608 2062028 1654090 11797973 11339959 272205 182489 105000 1000000 750000 192288 257221 1464493 1294710 X 4585037 4422889 5748443 5622360 10333480 10045249 11797973 11339959 -288231 0 X X 0 1 X 1 0 X 3739866 3057008 3514486 4985598 2077959 17374917 3739866 3057008 3514486 4985598 2077959 17374917 2107947 15266970 144440 152730 153121 39991 162492 652774 35911 409 36320 18064011 11273177 0.84520 0.81200 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 35,911. 2020 AMOUNT: $ 409. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 65897 65897 0 PART II-B, LINE 1: RONALD BOOK PROVIDED STRATEGIC CONSULTING SERVICES TO HELP SECURE EDUCATIONAL FUNDING FOR THE SEED SCHOOL OF MIAMI. 251047 1759 252806 250760 287 251047 250735 25 250760 150000 100000 735 250735 150000 150000 0.00000 0.98890 0.01110 0 0 178426 140847 37579 4702113 8084 4694029 4731608 DEPOSITS 57654 DUE FROM SEED SCHOOL OF D.C. 26735 DUE FROM SEED SCHOOL OF LOS ANGELES 584169 DUE FROM SEED SCHOOL OF MARYLAND 41827 DUE FROM SEED SCHOOL OF MIAMI 797660 OPERATING LEASE RIGHT OF USE ASSETS 146045 1654090 OPERATING LEASE LIABILITIES 156596 DUE TO SEED SCHOOL OF MIAMI 100625 257221 X 46736484 41347669 41347669 5388815 0 5388815 43073189 37396143 37396143 5677046 0 5677046 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 41,347,669. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES ACTIVITIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENT 37,396,143. 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) 150000 0 CONTRIBUTIONS TO SUPPORT THE MIAMI SCHOOL 1 0 COLLEGE SCHOLARSHIPS 82 115273 SEED MD SCHOLARSHIPS 38 76851 ADLER FAMILY SCHOLARSHIPS 1 2500 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 FOLLOWING 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 BY A SPECIFIED DEADLINE. 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 296143 0 23000 0 1978 0 14441 0 17785 0 353347 0 0 0 VINCENA ALLEN CHIEF GROWTH OFFICER 218442 0 15500 0 774 0 13488 0 18145 0 266349 0 0 0 KENIQ CONEY CHIEF SCHOOLS OFFICER 209540 0 8000 0 270 0 12852 0 11365 0 242027 0 0 0 HOPI MOODIE CHIEF OPERATING OFFICER 141714 0 8000 0 0 0 9300 0 40308 0 199322 0 0 0 ALISHA HUNTLEY CHIEF DEVELOPMENT OFFICER 135833 0 8000 0 0 0 6265 0 7592 0 157690 0 0 0 CHLOE MARSHALL DIR, LEADERSHIP & PROGRAM DESIGN 133283 0 1500 0 0 0 4721 0 10929 0 150433 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 2 DAN WINSTON, DIRECTOR AND ANN B. FRIEDMAN, DIRECTOR - FAMILY RELATIONSHIP 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 THE CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER, THE DIRECTOR OF FINANCE, AND THE NETWORK CHIEF FINANCIAL OFFICER. IT WILL THEN BE REVIEWED BY THE 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 XII, LINE 2C: 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 0 2895291 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 1 THE SEED SCHOOL OF MARYLAND 200 FONT HILL AVENUE BALTIMORE MD 21223 061818759 BOARDING SCHOOL MD 501(C)(3) LINE 2 THE SEED FOUNDATION 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 SEED SCHOOL OF MARYLAND D 15907000 COST SEED SCHOOL OF DC L 875000 COST SEED SCHOOL OF MARYLAND L 1207000 COST SEED SCHOOL OF DC Q 490427 COST SEED SCHOOL OF MARYLAND Q 371472 COST