Seeds For Progress Foundation Inc
- Assets
- $615.4k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Coral Gables, FL
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 46-2393827
Organization Overview
Seeds For Progress Foundation Inc is located in Coral Gables, FL. The organization was established in 2013. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seeds For Progress Foundation Inc 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, Seeds For Progress Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 6.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE EDUCATION IN UNDERSERVED REGIONS OF THE WORLD, BEGINNING WITH THE NORTHERN REGION ON NICARAGUA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEEDS TO GROW -- SUPPORTS EDUCATION FOR PRESCHOOLERS, PROMOTING TRAINING PROGRAMS WITH TEACHERS AND PROVIDING EDUCATIONAL SUPPLIES FOR STUDENTS AND STUDENTS.
SEEDS TO LEAD -- EDUCATIONAL PROGRAM FOCUSED ON ELEMENTARY AND HIGH SCHOOL EDUCATION PROMOTING ENTREPRENEURSHIP AND INTRODUCTION TO TECHNICAL FORMATION RELATED TO COFFEE PRODUCTION.
SEEDS TO LEARN -- PROMOTION OF EARLY READING, WRITING AND MATH SKILLS FOR STUDENTS FROM 1ST TO 3RD GRADE. THIS INCLUDES TRAINING PROGRAMS FOR TEACHERS AND DONATION OF SCHOOLS SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose Antonio Baltodano President | OfficerTrustee | 3 | $0 |
Craig Russel Secretary / Treasurer | OfficerTrustee | 2 | $0 |
Cipriano Rizo Director | Trustee | 1 | $0 |
Kenneth Hart Director | Trustee | 1 | $0 |
Sharon M Ravitch Director | Trustee | 1 | $0 |
Michelle Rene Johnson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,129,307 |
| Noncash contributions included in lines 1a–1f | $10,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,129,307 |
| 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 | $159,402 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,288,709 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $359,623 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $191 |
| Payroll taxes | $41,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,691 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,708 |
| Advertising and promotion | $98,523 |
| Office expenses | $28,321 |
| Information technology | $580 |
| Royalties | $24,015 |
| Occupancy | $23,743 |
| Travel | $20,426 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,153 |
| Insurance | $0 |
| All other expenses | $556 |
| Total functional expenses | $1,349,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,755 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $209,221 |
| 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 | $381 |
| Net Land, buildings, and equipment | $40,079 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $615,436 |
| Accounts payable and accrued expenses | $201,535 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,019 |
| Other liabilities | $0 |
| Total liabilities | $206,554 |
| Net assets without donor restrictions | $351,822 |
| Net assets with donor restrictions | $57,060 |
| 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 | $615,436 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Seeds For Progress Foundation Inc has recieved totaling $156,363.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $119,946 |
The Mortenson Family Foundation Minneapolis, MN PURPOSE: SEEDS FOR PROGRESS FOUNDATION'S MISSION IS TO INCREASE THE QUALITY OF EDUCATION AND HEALTH SERVICES IN RURAL COMMUNITIES OF THE COFFEE-GROWING REGIONS OF NICARAGUA AND OTHER COFFEE-PRODUCING COUNTRIES. | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $12,500 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $2,900 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advocates For World Health Inc Largo, FL | $1,849,097 | $14,932,639 |
Kids Alive International Inc Alpharetta, GA | $13,632,036 | $14,142,637 |
Compassion Heritage Foundation Inc Jacksonville, FL | $2,359,960 | $11,606,072 |
African Mission Healthcare Foundation DeLand, FL | $29,885,359 | $23,989,461 |
Amigos For Christ Buford, GA | $4,217,846 | $8,607,219 |
Insulin For Life Usa Inc Gainesville, FL | $7,217,189 | $8,108,896 |
Watoto Child Care Ministry Inc Tampa, FL | $4,552,352 | $8,144,856 |
Favor International Inc Bradenton, FL | $3,030,494 | $5,819,335 |
The Yonkofa Project Inc Peachtree City, GA | $245,141 | $5,183,771 |
Comfort Aid International Lake Mary, FL | $6,410,038 | $6,736,637 |
Bravo Family Foundation Miami Beach, FL | $45,795,409 | $2,825,703 |
Doulos Partners Birmingham, AL | $182,413 | $4,426,226 |