2025-11-14T16:27:19-06:00 2024-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-01-01 202264584 THE WORKING WORLD INC WORK 6462574144 228 PARK AVENUE SOUTH 65768 NEW YORK NY 10003 BRENDAN MARTIN CO-EXECUTIVE DIRECTOR 6462574144 2025-11-13 1 1 SORIE KABA CPA P01317106 5083669100 2025-11-13 2024 2025-03-06 01:10:19Z SEED COMMONS BRENDAN MARTIN 228 PARK AVENUE SOUTH 65768 NEW YORK NY 10003 10092913 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. 9 4 53 9 0 0 7174471 6389656 1190474 1799049 1204790 1807631 11630 96577 9581365 10092913 3867704 3162845 0 0 3324970 4065297 16594 19608 278096 3737562 3157541 10946830 10405291 -1365465 -312378 81765852 85705499 63335338 68965779 18430514 16739720 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 9353899 3162845 1799049 IN 2024, SEED COMMONS MADE 60 BELOW-MARKET RATE LOANS TO 46 DEMOCRATIC ENTERPRISES WHICH BENEFITED OVER 3,000 WORKER-OWNERS. OF THOSE 60 LOANS, 51 WERE MADE TO COOPERATIVE BUSINESSES IN THE US AND 9 WERE MADE IN NICARAGUA. THE ORGANIZATION 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. 9353899 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 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 186 0 1 53 1 0 1 NU 0 0 0 0 0 0 0 0 0 0 X 9 4 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 EDWARD LEROY WHITFIELD PRESIDENT, SENIOR FELLOW 12.00 X X 46193 0 1602 MARGO DALAL SECRETARY, ASSOC DIR OF CAPITAL STRATEGIES 42.00 X X 97467 0 20611 ANDREW DELMONTE DIRECTOR, EXEC DIR (COOP BUFFALO) 42.00 X 65168 0 10666 EMILY LERMAN DIRECTOR, PROJECT OFFICER (BRED) 34.00 X 76250 0 2507 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 (UNTIL 9/2024) 2.00 X 0 0 0 BRIANA SIDNEY DIRECTOR 2.00 X 0 0 0 GHISLAIN GUIEBO DIRECTOR, CO-EXEC DIR (TWW) 42.00 X 63793 0 14267 BRENDAN MARTIN CO-EXECUTIVE DIRECTOR 40.00 X 131386 0 29178 KAREN HASKINS DIRECTOR OF FINANCE 40.00 X 114005 0 12053 KATE KHATIB CO-EXECUTIVE DIRECTOR 40.00 X 132071 0 26530 MARIA ELENA DEL VALLE MANAGING DIRECTOR 40.00 X 112620 0 12029 CHRISTYNE DILLARD DIRECTOR OF LENDING 40.00 X 105152 0 3347 EDEN SCHULZ DIRECTOR OF ADMINISTRATION 40.00 X 101680 0 11664 1045785 0 144454 6 0 1 0 CHICAGO COMMUNITY AND WORKERS RIGHTS 2801 S HAMLIN CHICAGO IL 60623 COOPERATIVE DEVELOPMENT 182757 1 780496 5609160 437842 6389656 LOAN INTEREST 900099 1744949 1744949 PROGRAM SERVICES FEES 541715 56053 56053 LOSS FROM PROGRAM RELATED EQUITY 900099 -1953 -1953 1799049 1807631 1807631 96577 0 96577 96577 96577 10092913 1799049 0 1904208 3020345 3020345 142500 142500 983667 756194 181196 46277 2462050 2152696 135874 173480 106209 103122 118 2969 222754 201009 9472 12273 290617 246379 26101 18137 67600 54840 12760 60716 1320 59396 19608 19608 623740 613617 10123 16567 14812 1755 128920 45172 80887 2861 27254 26888 142 224 155847 150760 3560 1527 587708 587708 77197 77197 69051 69051 WRITE-OFF OF LOANS RECE 826981 826981 PROVISION FOR LOAN AND 312013 312013 MISCELLANEOUS 203947 20346 182861 740 10405291 9353899 773296 278096 9483802 1436794 38225759 32922589 1243597 1057747 62404 122793 3460069 469369 30045 2990700 4175923 1522926 27350560 43845193 1193762 1806757 81765852 85705499 1108997 1222626 1800000 1750000 5000 5000 49417188 56456376 11004153 9531777 63335338 68965779 X 13170641 12597854 5259873 4141866 18430514 16739720 81765852 85705499 X -312378 193181 -1571597 X X 0 1 X 1 0 X 3866826 5861013 7194344 7174471 6389656 30486310 538354 786561 944554 1313188 1801002 5383659 4405180 6647574 8138898 8487659 8190658 35869969 1817400 1484157 3570607 1322000 2175000 10369164 146225 123731 108617 117902 138614 635089 1963625 1607888 3679224 1439902 2313614 11004253 24865716 2421 12168 20767 1204790 1904208 3144354 2421 12168 20767 1204790 1904208 3144354 2698 11400 11630 25728 4410299 6659742 8171065 9704079 10094866 39040051 0.63690 0.64800 0.08050 0.03780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 534662 534662 2503189 48138 2455051 6784 5797 987 415434 415434 0 2990700 LOANS RECEIVABLE 43727003 C PROGRAM RELATED INVESTMENTS 118190 F 43845193 FISCAL AGENT LIABILITY 9056480 CREDIT LOSS LIABILITY - UNFUNDED COMMITMENTS 475297 9531777 X 8559392 193181 193181 8366211 1726702 1726702 10092913 7178589 0 7178589 3226702 3226702 10405291 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, 2024. PART XI, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR LOAN AND INTEREST LOSSES 312,013. LOAN INTEREST EXPENSE 587,708. WRITE-OFF OF LOANS RECEIVABLE AND RELATED INTEREST 826,981. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR CREDIT LOSSES 312,013. LOAN INTEREST EXPENSE 587,708. WRITE-OFF OF LOANS RECEIVABLE AND RELATED INTEREST 826,981. GRANT EXPENSE 1,500,000. 1 CENTRAL AMERICA AND THE CARIBBEAN 1 3 PROGRAM SERVICES LOANS/BUSINESS CONSULTING 70860 1 3 0 0 1 3 70860 0 70860 SOUTH AMERICA OPERATING 142500 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 15000 -15000 15000 -15000 CA NY 1 AUSTIN MEMBER-OWNED BUSINESS FOUNDATION PO BOX 301928 AUSTIN TX 78705 812782668 501(C)(3) 20000 0 COOPERATIVE DEVELOPMENT BELOVED COMMUNITY INCUBATOR INC 1226 VERMONT AVE NW WASHINGTON DC 20005 833133482 501(C)(3) 32500 0 COOPERATIVE DEVELOPMENT CATALYST MIAMI INC 860 GERONIMO DRIVE CORAL GABLES FL 33416 650690368 501(C)(3) 20000 0 COOPERATIVE DEVELOPMENT CINCINNATI UNION COOPERATIVE INITIATIVE 215 E 14TH STREET CINCINNATI OH 45202 453914880 501(C)(3) 235000 0 COOPERATIVE DEVELOPMENT CLEVELAND OWNS 3402 MONROE AVE RIGHT REAR CLEVELAND OH 44113 364929660 501(C)(3) 32500 0 COOPERATIVE DEVELOPMENT COLABORATIVA LA MILPA 528 EMMA RD ASHEVILLE NC 28806 208303608 501(C)(3) 335000 0 COOPERATIVE DEVELOPMENT DETROIT COMMUNITY WEALTH FUND 4605 CASS AVE DETROIT MI 48201 821492642 501(C)(3) 37400 0 COOPERATIVE DEVELOPMENT GREATER DAYTON UNION COOPERATIVE INITIATIVE INC 840 GERMANTOWN STREET DAYTON OH 45402 813470466 501(C)(3) 22250 0 COOPERATIVE DEVELOPMENT NORTHWEST COOPERATIVE DEVELOPMENT CENTER 407 4TH AVE E 201 OLYMPIA WA 98501 471317918 501(C)(3) 20000 0 COOPERATIVE DEVELOPMENT NEW YORK CITY NETWORK OF WORKER COOPERATIVES PO BOX 800028 ELMHURST NY 11380 465245034 N/A 139814 0 COOPERATIVE DEVELOPMENT ORGANIZATION FOR HUMAN RIGHTS AND DEMOCRACY 931 MONROE DRIVE NE SUITE 101-552 ATLANTA GA 30308 810976954 501(C)(3) 30674 0 COOPERATIVE DEVELOPMENT PHILADELPHIA AREA COOPERATIVE ALLIANCE 1315 WALNUT ST STE 320 PHILADELPHIA PA 19107 454730993 501(C)(3) 37500 0 COOPERATIVE DEVELOPMENT REPAIRED NATIONS COOPERATIVE INC 2492 65TH AVENUE OAKLAND CA 94605 872365856 N/A 80000 0 COOPERATIVE DEVELOPMENT ROCKY MOUNTAIN EMPLOYEE OWNERSHIP CENTER 1275 S MONACO PKY DENVER CO 80224 452465671 501(C)(3) 20000 0 COOPERATIVE DEVELOPMENT SANKOFA RESEARCH INSTITUTE 1111 HERMANN DRIVE STE 27B HOUSTON TX 77004 461422753 501(C)(3) 20000 0 COOPERATIVE DEVELOPMENT SOUTHEAST CENTER FOR COOPERATIVE DEVELOPMENT 6207 CENTENNIAL BLVD NASHVILLE TN 37209 824969715 501(C)(3) 74583 0 COOPERATIVE DEVELOPMENT SPOKANE WORKERS COOPERATIVE LCA 1626 E 9TH AVE SPOKANE WA 99202 863230666 N/A 75000 0 COOPERATIVE DEVELOPMENT TWW NYC SOLIDARITY INC 155 WATER STREET BROOKLYN NY 11201 880650528 501(C)(3) 240000 0 COOPERATIVE DEVELOPMENT URBAN TILTH 323 BROOKSIDE DR C/O DORIA ROBINSON RICHMOND CA 94801 204124161 501(C)(3) 33750 0 COOPERATIVE DEVELOPMENT BROOKLYN STONE & TILE 63 FLUSHING AVENUE BROOKLYN NY 11205 823541573 N/A 0 1500000 MARKET LOAN FORGIVENESS EQUITABLE RECOVERY 16 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. X 0 0 0 0 0 0 0 0 0 BRENDAN MARTIN CO-EXECUTIVE DIRECTOR 131386 0 0 0 0 0 4344 0 24834 0 160564 0 0 0 KATE KHATIB CO-EXECUTIVE DIRECTOR 132071 0 0 0 0 0 4344 0 22186 0 158601 0 0 0 BRENDAN MARTIN CO-EXECUTIVE DIRECTOR UNSECURED PASS THROUGH LOAN TO ORGANIZATION FOR AN UNDERLYING COOP LOAN X 5000 5000 0 1 1 5000 X 1 5099 FMV X PROMISORRY NOTE 1 300000 FMV X CONVERSION OF INTEREST PAYABLE 94 132743 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: IMPAIRMENT LOSS FROM PROGRAM RELATED EQUITY INVESTMENTS -1,571,597. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS APPOINTS THE AUDITOR AND APPROVES THE FINANCIAL STATEMENTS. SC-RTTC DESIGNATED CAPITAL POOL LLC 228 PARK AVE S STE 65768 NEW YORK NY 10003 202264584 LENDING NY 0 0 THE WORKING WORLD INC SC-CJA DESIGNATED CAPITAL POOL LLC 228 PARK AVE S STE 65768 NEW YORK NY 10003 202264584 LENDING NY 0 1000000 THE WORKING WORLD INC 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