Seed For Success Foundation
- Assets
- $1.8m
- Revenue
- $2.0m
- Investments
- $1.7m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- Data as of
- 12/2021
- EIN
- 86-1917173
Organization Overview
Seed For Success Foundation is located in Sioux Falls, SD. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seed For Success Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FUNDING FOR OTHER 501(C)3 ORGANIZATIONS TO ADMINISTER AS PART OF THEIR PROGRAMS. INITAL FOCUS IS ON LOCAL NON-PROFIT ORGAZIZATIONS, SCHOOLS FOR SCHOLARSHIPS FOR HIGHER EDUCATION, NON-PROFITS PROVIDING BEHAVORIAL HEALTH RESOURCES FOR CHILDREN AND ADOLESCENTS AND TO MEDICAL RESEARCH ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marianne Von Seggern Chairman-Vp-Secretary | 30 | $120,000 | |
Molly Stine President-Treasurer | 8 | $0 | |
Kristi Metzger Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,220 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,452 |
| Capital Gain Net Income | $22,452 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,043,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,538 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,327 |
| Printing and publications | $425 |
| Other expenses | $3,220 |
| Total operating and administrative expenses | $160,912 |
| Contributions, gifts, grants paid | $283,000 |
| Total expenses and disbursements | $443,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,088 |
| 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 | $442,201 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,842,058 |
| Accounts payable and accrued expenses | $590 |
| 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 | $0 |
| Total liabilities | $590 |
Grants Awarded
Over the last fiscal year, Seed For Success Foundation has awarded $283,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SANFORD HEALTH FOUNDATION PURPOSE: MEDICAL RESEARCH AND SUPPORT | $100,000 |
Sioux Falls, SD PURPOSE: AVERA LIGHT THE WAY CAMPAIGN | $100,000 |
Sioux Falls, SD PURPOSE: THE PROMISING FUTURES FUND | $25,000 |
SOUTHEAST TECHNICAL COLLEGE PURPOSE: SCHOLARSHIPS | $20,000 |
Sioux Falls, SD PURPOSE: PROVIDE EDUCATION AND SUPPORT FOR THOSE AFFECTED BY PARKINSONS | $18,000 |
AUGUSTANA UNIVERSITY PURPOSE: SCHOLARSHIPS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childserve Foundation Inc Johnston, IA | $15,317,194 | $6,918,113 |
Presbyterian Homes Foundation Roseville, MN | $93,078,808 | $19,725,550 |
Yellowstone Boys And Girls Ranch Foundation Inc Billings, MT | $148,155,478 | $8,055,859 |
Iowa Community Action Association Des Moines, IA | $753,837 | $3,823,427 |
Eastern Congo Initiative Minneapolis, MN | $7,833,187 | $4,435,607 |
Re Power Fund Minneapolis, MN | $5,415,294 | $4,322,617 |
Sheltering Arms Foundation Minneapolis, MN | $14,379,135 | $578,208 |
Big T Foundation Lakeville, MN | $11,785 | $483,542 |
Sioux Falls Hope Coalition Sioux Falls, SD | $1,074,906 | $918,262 |
Foundation For Essential Needs Minneapolis, MN | $452,815 | $582,063 |
Education Minnesota Foundation For Excellence In Teaching & Learning St Paul, MN | $2,086,661 | $457,325 |
Minnesota Odd Fellows Home Foundation Northfield, MN | $5,226,334 | $613,955 |