Seed International Inc
- Assets
- $2.6m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 81
- Location
- Santa Fe Springs, CA
- Founding
- 03/1991
- Data as of
- 09/2021
- EIN
- 54-1575891
Organization Overview
Seed International Inc is located in Santa Fe Springs, CA. The organization was established in 1991. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 09/2021, Seed International Inc employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seed International 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 09/2021, Seed International Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $3.5m during the year ending 09/2021. While expenses have increased by 2.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEED INTERNATIONAL. INC. IS A CHRISTIAN ORGANIZATION THAT HAS A GOAL OF SENDING AND SUPPORTING MISSIONARIES TO FOREIGN COUNTRIES. TO ACCOMPLISH THIS GOAL SEED INTERNATIONAL, INC. IS ACTIVELY SEARCHING AND TRAINING CANDIDATES IN US AND ABROAD.THE SUPPORT FOR THIS FUNCTION IS THROUGH CONTRIBUTIONS FROM CHURCHES AND INDIVIDUALS IN THE UNITED STATES AND IN OTHER COUNTRIES. THUS FAR SEED INTERNATIONAL, INC SUPPORTS MISSIONARIES SPREADING THE GOSPEL OF JESUS CHRIST IN CHINA, UZBEKISTAN, THAILAND, USA, MEXICO, EAST AFRICA, CHAD, ISRAEL, JAPAN, UGANDA AND NORTH KOREA. THE SUPPORTS FOR THESE MISSIONARIES INCLUDE EXPENSES FOR RELOCATION AND TRAVEL OF THEIR FAMILY TO LIVING EXPENSES. THIS IS IN ADDITION TO ALL EXPENSES FOR SUPPLIES AND EQUIPMENT NECESSARY TO CARRYOUT THEIR MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING, SENDING AND SUPPORTING MISSIONARIES TO FOREIGN COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Segyun Jang Executive Dir. | OfficerTrustee | 40 | $36,000 |
Hun Wook Park CEO | OfficerTrustee | 16 | $26,000 |
Timothy Taeho Im Secretary | OfficerTrustee | 40 | $4,000 |
Bong Choi CFO | OfficerTrustee | 40 | $0 |
Eung Yul Ryoo Chairman | Trustee | 8 | $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 | $3,984,978 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,984,978 |
| 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 | $3,984,978 |
| 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. | $66,000 |
| Compensation of current officers, directors, key employees. | $66,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,303,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $103,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,526 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,926 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,627 |
| Insurance | $2,962 |
| All other expenses | $55,699 |
| Total functional expenses | $3,468,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,385,364 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,075,231 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,029 |
| Total assets | $2,583,624 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $285,900 |
| Total liabilities | $285,900 |
| Net assets without donor restrictions | $2,170,802 |
| Net assets with donor restrictions | $126,922 |
| 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 | $2,583,624 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Seed International Inc has recieved totaling $56,009.
| Awarding Organization | Amount |
|---|---|
World Newthing Mission Inc Los Angeles, CA | | $38,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $10,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,840 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bibleproject Portland, OR | $22,318,162 | $14,590,233 |
New Life Worship Ministries Inc Scottsdale, AZ | $1,015,217 | $4,541,172 |
Catholic Charities Of The Diocese Of Oakland Oakland, CA | $39,560,106 | $13,377,446 |
Canal Alliance San Rafael, CA | $13,209,485 | $13,069,505 |
Alliance For Housing And Healing Los Angeles, CA | $3,099,540 | $10,429,736 |
Fred Maytag Family Foundation San Francisco, CA | $67,782,266 | $1,530,855 |
Voice Of Prophecy Riverside, CA | $11,402,103 | $7,152,408 |
Science And Nonduality Sebastopol, CA | $5,779,504 | $9,674,990 |
College Golf Fellowship Roseville, CA | $4,740,992 | $5,717,609 |
Associated Builders & Contractors Of Southern California Anaheim, CA | $3,214,682 | $4,513,844 |
Domestic Violence Action Center Honolulu, HI | $7,468,123 | $5,543,164 |
Tao Fellowship Sedona, AZ | $19,067,372 | $2,706,388 |