Seedcore Foundation
- Assets
- $3.8m
- Revenue
- $1.7m
- Investments
- $3.2m
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- Data as of
- 12/2021
- EIN
- 82-5161618
Organization Overview
Seedcore Foundation is located in Bakersfield, CA. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seedcore Foundation 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, Seedcore Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $501.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Seedcore Foundation has awarded 37 individual grants totaling $414,870. 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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Patterson Director | 25 | $48,461 | |
John Paul Lake Treasurer | 3 | $0 | |
John And Ingrid Lake Family Trust N/a | 0 | $0 | |
Ingrid Lake President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,348,972 |
| Interest on Savings | $0 |
| Dividends & Interest | $230,848 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $134,781 |
| Capital Gain Net Income | $148,739 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,024 |
| Total Revenue | $1,719,625 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,461 |
| Other employee salaries and wages | $13,588 |
| Pension plans, employee benefits | $4,936 |
| Interest | $0 |
| Taxes | $3,700 |
| Depreciation | $21,047 |
| Occupancy | $1,400 |
| Travel, conferences, and meetings | $954 |
| Printing and publications | $0 |
| Other expenses | $27,354 |
| Total operating and administrative expenses | $167,473 |
| Contributions, gifts, grants paid | $334,175 |
| Total expenses and disbursements | $501,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $510,423 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $19,479 |
| Other assets | $23,292 |
| Total assets | $3,783,865 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $465 |
| Total liabilities | $465 |
Grants Awarded
Over the last fiscal year, Seedcore Foundation has awarded $334,175 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Bakersfield, CA PURPOSE: CENTER FOR ENTREPRENEURSHIP & INNOVATION | $250,000 |
THE MISSION OF KERN COUNTY PURPOSE: PROGRAM SUPPORT - WOMEN & CHILDREN'S TRANSITIONAL HOME | $25,000 |
Bakersfield, CA PURPOSE: GENERAL OPERATING SUPPORT | $12,500 |
Bakersfield, CA PURPOSE: GENERAL SUPPORT | $11,216 |
Bakersfield, CA PURPOSE: SCHOLARSHIP FOR THE COLLEGE SUCCESS PROGRAM | $9,600 |
THE MISSION OF KERN COUNTY PURPOSE: EVENT SPONSORSHIP | $7,875 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Community Foundation Of San Diego San Diego, CA | $448,399,166 | $106,011,475 |
Valley Of The Sun United Way Phoenix, AZ | $104,098,931 | $79,942,536 |
Orange Countys United Way Irvine, CA | $28,387,789 | $67,720,545 |
Entertainment Industry Foundation Los Angeles, CA | $110,994,468 | $64,821,214 |
Jewish Federation Council Of Greater Los Angeles Los Angeles, CA | $190,865,704 | $43,794,151 |
Aloha United Way Inc Honolulu, HI | $26,512,053 | $42,755,517 |
United Way Inc Los Angeles, CA | $90,203,286 | $68,762,414 |
Opportunity Village Foundation Las Vegas, NV | $82,150,112 | $9,952,519 |
Inland Southern California United Way Rancho Cucamonga, CA | $4,994,163 | $30,713,140 |
Daughters Of Charity Foundation Los Angeles, CA | $457,947,598 | $21,458,667 |
United Way Of The Bay Area San Francisco, CA | $48,210,343 | $41,978,143 |
United Way Of Santa Barbara County Inc Santa Barbara, CA | $15,549,253 | $21,862,789 |