Seedspot
- Assets
- $567.8k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 14
- Location
- Phoenix, AZ
- Founding
- 03/2014
- Data as of
- 06/2021
- EIN
- 45-4098436
Organization Overview
Seedspot is located in Phoenix, AZ. The organization was established in 2014. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Seedspot employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seedspot 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 06/2021, Seedspot generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. While expenses have increased by 7.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Seedspot has awarded 18 individual grants totaling $142,500. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATING, ACCELERATING, AND INVESTING IN DIVERSE, IMPACT-DRIVEN ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTREPRENEURS WERE SUPPORTED THROUGH 2-DAY LAUNCH CAMPS, IMPACT ACCELERATOR PROGRAMS, AND OTHER VIRTUAL PROGRAMS. DURING THE CURRENT YEAR, THE ORGANIZATION WAS AWARDED A GRANT TO GROW ARIZONA'S LOCAL INVESTMENT ECOSYSTEM. THERE WERE APPROXIMATELY 340 TOTAL ENTREPRENEURS SERVED IN THE CURRENT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corinn Perry Chief Of Staff | Officer | 40 | $124,688 |
Christopher Gresham CEO | Officer | 40 | $87,371 |
Erin O'shea CFO | Officer | 20 | $14,360 |
Zach Leverenz CEO | Officer | 40 | $0 |
Sheila Herrling Board Vice Chair | Trustee | 3 | $0 |
Susan Penfield Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $353,880 |
| All other contributions, gifts, grants, and similar amounts not included above | $582,890 |
| Noncash contributions included in lines 1a–1f | $89,694 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $936,770 |
| Total Program Service Revenue | $229,420 |
| 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 | $1,178,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,810 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $246,905 |
| Compensation of current officers, directors, key employees. | $31,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $453,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,630 |
| Payroll taxes | $57,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $325 |
| Fees for services: Accounting | $61,903 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,759 |
| Advertising and promotion | $8,834 |
| Office expenses | $2,822 |
| Information technology | $2,571 |
| Royalties | $0 |
| Occupancy | $99,107 |
| Travel | $6,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $300 |
| Interest | $2,004 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,868 |
| Insurance | $10,682 |
| All other expenses | $12,454 |
| Total functional expenses | $1,350,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,228 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $159,046 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,368 |
| Net Land, buildings, and equipment | $1,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,171 |
| Total assets | $567,792 |
| Accounts payable and accrued expenses | $19,717 |
| Grants payable | $0 |
| Deferred revenue | $37,553 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $167,250 |
| Other liabilities | $64,440 |
| Total liabilities | $288,960 |
| Net assets without donor restrictions | $278,832 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $567,792 |
Grants Awarded
Over the last fiscal year, Seedspot has awarded $32,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: PROGRAM DEVELOPMENT | $15,000 |
THE BARKING LOT PURPOSE: PROGRAM DEVELOPMENT | $10,000 |
MOTHERNATION PURPOSE: PROGRAM DEVELOPMENT | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Seedspot has recieved totaling $555,368.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $240,275 |
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT FOR SEED SPOT TO INTEGRATE THEIR EDUCATIONAL CURRICULUM INTO NATIONAL NETWORKS SERVING WOMEN AND MILITARY FAMILIES IN ENTREPRENEURSHIP. 201904-6350 | $100,000 |
Clark Charitable Foundation Inc Bethesda, MD PURPOSE: CAPACITY-BUILDING SUPPORT OF DC ENTREPRENEURSHIP PROGRAMS | $100,000 |
Yelp Foundation San Francisco, CA PURPOSE: CONTRIBUTION TO CHARITABLE ORGANIZATION | $50,000 |
The Kiita Foundation Phoenix, AZ PURPOSE: EDUCATIONAL | $30,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raza Development Fund Inc Phoenix, AZ | $287,338,176 | $23,229,153 |
Business Finance Capital Los Angeles, CA | $7,749,774 | $11,735,552 |
Los Angeles Cleantech Incubator Los Angeles, CA | $4,675,991 | $8,340,208 |
Dreamspring Albuquerque, NM | $203,163,761 | $25,298,598 |
Economic Development Corporation Of Los Angeles Los Angeles, CA | $29,436,314 | $9,374,870 |
Main Street Launch Oakland, CA | $33,776,792 | $12,838,427 |
Inquiring Systems Inc Santa Rosa, CA | $7,524,299 | $8,764,937 |
Mce Social Capital San Francisco, CA | $62,791,597 | $6,149,930 |
Renaissance Entrepreneurship Center San Francisco, CA | $5,879,123 | $7,123,665 |
Pacific Community Ventures Oakland, CA | $20,029,825 | $8,516,576 |
Pacific Coast Regional Urban Small Business Development Corporation Los Angeles, CA | $22,353,411 | $11,894,942 |
Capital Access Group Inc San Francisco, CA | $3,408,808 | $3,647,968 |