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 12/2021, Seedco employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seedco is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Seedco generated $7.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $7.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Seedco has awarded 139 individual grants totaling $18,117,979. 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

2021

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.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Keith Rasmussen
Executive Director
$217,883
Walter Mack ESQ
Chair
$0
Lizanne Stephenson
Member
$0
Angel Audiffred
Secretary
$0
Wilfred Renta
Treasurer
$0
Raul Russi
CEO And President
$0

Outside Vendors & Contractors

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

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $6,130,054
All other contributions, gifts, grants, and similar amounts not included above$647,313
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,777,367
Total Program Service Revenue$0
Investment income $87
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 $6,983,803

Grants Awarded

Over the last fiscal year, Structured Employment Economic Development Corporation has awarded $578,411 in support to 7 organizations.

Grant RecipientAmount

EASTERN SHORE AREA HEALTH EDUCATION CENTER INC

Org PageRecipient Profile

Cambridge, MD

PURPOSE: WORK & FAMILY

$259,205

TRIANGLE HEALTH ALLIANCE

PURPOSE: WORK & FAMILY

$99,731

CASH CAMPAIGN OF MARYLAND INC

Org PageRecipient Profile

Baltimore, MD

PURPOSE: WORK & FAMILY

$92,680

UNION HOSPITAL OF CECIL COUNTY

Org PageRecipient Profile

Elkton, MD

PURPOSE: WORK & FAMILY

$78,197

THE CENTER OF HELP INC

Org PageRecipient Profile

Annapolis, MD

PURPOSE: WORK & FAMILY

$26,868

INTERFAITH SERVICE COALITION OF HANCOCK MARYLAND

Org PageRecipient Profile

Hancock, MD

PURPOSE: WORK & FAMILY

$12,226
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Structured Employment Economic Development Corporation has recieved totaling $355,884.

Awarding OrganizationAmount
Comic Relief Inc

New York, NY

PURPOSE: PROGRAM SUPPORT

$200,000
Pinkerton Foundation

New York, NY

PURPOSE: CAREER READINESS

$150,000
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$5,884
View Grant Recipient Profile

Create an account to unlock the data you need.

or