Seed For Success Foundation
- Assets
- $2.0m
- Revenue
- $4.1m
- Investments
- $1.4m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- Data as of
- 12/2023
- 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.
For the year ending 12/2023, Seed For Success Foundation generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $3.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Seed For Success Foundation has awarded 36 individual grants totaling $5,809,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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 ORGANIZATIONS, 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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PDF Copies of 990 Filings
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 | $4,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,686 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,527 |
| Capital Gain Net Income | $4,527 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,070,213 |
| 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 | $10,538 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $738 |
| Printing and publications | $0 |
| Other expenses | $4,519 |
| Total operating and administrative expenses | $164,275 |
| Contributions, gifts, grants paid | $3,669,500 |
| Total expenses and disbursements | $3,833,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,797 |
| Savings and temporary cash investments | $580,000 |
| 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 | $171,929 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,014,741 |
| Accounts payable and accrued expenses | $111 |
| 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 | $111 |
Grants Awarded
Over the last fiscal year, Seed For Success Foundation has awarded $3,669,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AUGUSTANA UNIVERSITY PURPOSE: SCHOLARSHIPS | $30,000 |
AVERA HEALTH FOUNDATION PURPOSE: AVERA BEHAVIORAL HEALTH FAMILY WEEKEND, MEDICAL ASSISTANCE, VISITING EXPENSES | $160,000 |
CHILDREN'S HOME SOCIETY PURPOSE: SUPPORT FOR CARE AND SERVICES NEEDED FOR CHILDREN AND THEIR FAMILIES | $60,000 |
TOY LENDING LIBRARY OF SD PURPOSE: SUPPORTING NEW POSITIONS | $50,000 |
SIOUX FALLS SCHOOL DISTRICT PURPOSE: ACCESS FOR ALL, CLC MIDDLE SCHOOL FACILITY | $2,000,000 |
SIOUX FALLS AREA COMMUNITY FOUNDATION PURPOSE: COMMUNITY FUND | $100,000 |