Structured Employment Economic Development Corporation

Organization Overview

Structured Employment Economic Development Corporation, operating under the name Seedco, is located in New York, NY. The organization was established in 1977. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2019, Seedco employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Seedco generated $7.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $8.0m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Seedco has awarded 119 individual grants totaling $15,320,429. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO ADVANCE ECONOMIC OPPORTUNITY FOR PEOPLE, BUSINESSES, AND COMMUNITIES IN NEED

Describe the Organization's Program Activity:

Part 3 - Line 4a

WORKFORCE DEVELOPMENT- USING A LONG-TERM CAREER CASE MANAGEMENT MODEL, SEEDCO PROVIDES CAREER COUNSELLING AND JOB-READINESS TRAINING AND JOB PLACEMENT SERVICES TO HELP INDIVIDUALS WITH BARRIERS TO EMPLOYMENT OBTAIN, RETAIN AND ADVANCE IN JOBS. SEEDCOS WORKFORCE DEVELOPMENT PROGRAMS PROVIDE A BROAD RANGE OF JOB SEEKERS AND WORKERS WITH PATHS TO SUCCESS THAT BEGIN WITH JOB PLACEMENT AND MOVE ON TO JOB RETENTION AND CAREER ADVANCEMENT. WE TAILOR THESE SERVICES SO THEY MEET THE NEEDS OF HARD-TO-SERVE POPULATIONS INCLUDING NON-CUSTODIAL PARENTS, OUT-OF-SCHOOL YOUTH, AND INDIVIDUALS WITH A HISTORY OF CRIMINAL JUSTICE INVOLVEMENT.


WORKFORCE DEVELOPMENT- USING A LONG-TERM CAREER CASE MANAGEMENT MODEL, SEEDCO PROVIDES CAREER COUNSELLING AND JOB-READINESS TRAINING AND JOB PLACEMENT SERVICES TO HELP INDIVIDUALS WITH BARRIERS TO EMPLOYMENT OBTAIN, RETAIN AND ADVANCE IN JOBS. SEEDCOS WORKFORCE DEVELOPMENT PROGRAMS PROVIDE A BROAD RANGE OF JOB SEEKERS AND WORKERS WITH PATHS TO SUCCESS THAT BEGIN WITH JOB PLACEMENT AND MOVE ON TO JOB RETENTION AND CAREER ADVANCEMENT. WE TAILOR THESE SERVICES SO THEY MEET THE NEEDS OF HARD-TO-SERVE POPULATIONS INCLUDING NON-CUSTODIAL PARENTS, OUT-OF-SCHOOL YOUTH, AND INDIVIDUALS WITH A HISTORY OF CRIMINAL JUSTICE INVOLVEMENT.


WORKFORCE DEVELOPMENT- USING A LONG-TERM CAREER CASE MANAGEMENT MODEL, SEEDCO PROVIDES CAREER COUNSELLING AND JOB-READINESS TRAINING AND JOB PLACEMENT SERVICES TO HELP INDIVIDUALS WITH BARRIERS TO EMPLOYMENT OBTAIN, RETAIN AND ADVANCE IN JOBS. SEEDCOS WORKFORCE DEVELOPMENT PROGRAMS PROVIDE A BROAD RANGE OF JOB SEEKERS AND WORKERS WITH PATHS TO SUCCESS THAT BEGIN WITH JOB PLACEMENT AND MOVE ON TO JOB RETENTION AND CAREER ADVANCEMENT. WE TAILOR THESE SERVICES SO THEY MEET THE NEEDS OF HARD-TO-SERVE POPULATIONS INCLUDING NON-CUSTODIAL PARENTS, OUT-OF-SCHOOL YOUTH, AND INDIVIDUALS WITH A HISTORY OF CRIMINAL JUSTICE INVOLVEMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Tara Colton
Executive Director
$197,625
Keith Rasmussen
Managing Director
$185,861
Eliezer Rodriguez ESQ
Chair
$0
Lilliam Barrios-Paoli
Vice Chairman
$0
Wilfred Renta
Treasurer
$0
Jose R Rodriguez
Clo
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cleary Gottlieb Steen Hamilton Ll
Rent
$660,981
Cleary Gottlieb Steen Hamilton Ll
Rent
$660,981
Cleary Gottlieb Steen Hamilton Ll
Rent
$660,981
Skyline Technology Solutions
Program Services
$147,675
Skyline Technology Solutions
Program Services
$147,675
Skyline Technology Solutions
Program Services
$147,675
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $7,540,307
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,540,307
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,904,107

Grants Awarded

Over the last fiscal year, Structured Employment Economic Development Corporation has awarded $3,871,095 in support to 18 organizations.

Grant RecipientAmount

Bronx, NY

PURPOSE: WORKFORCE

$340,329

Bronx, NY

PURPOSE: WORKFORCE

$340,329

Bronx, NY

PURPOSE: WORKFORCE

$340,329

New York, NY

PURPOSE: WORKFORCE

$320,903

New York, NY

PURPOSE: WORKFORCE

$320,903

New York, NY

PURPOSE: WORKFORCE

$320,903
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Structured Employment Economic Development Corporation has recieved totaling $274,401.

Awarding OrganizationAmount
Memphis Bioworks Foundation

Memphis, TN

PURPOSE: FLOW THROUGH DOL GRANT

$112,471
Good Plus Foundation Inc

New York, NY

PURPOSE: TO PROVIDE ESSENTIAL CLOTHING, PRODUCTS AND GEAR FOR CHILDREN AND PARENTS IN NEED.

$85,639
Mdrc

New York, NY

PURPOSE: RESTRICTED PURPOSE AWARD

$66,291
Jobsfirstnyc

New York, NY

PURPOSE: SIGNATURE PROJECT

$5,000
Jobsfirstnyc

New York, NY

PURPOSE: SIGNATURE PROJECT

$5,000
View Grant Recipient Profile

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