2025-02-04T17:15:04-05:00 2024-09-30 841894608 SANDERS WALSH & EATON CPAS LLC PO BOX F OSTERVILLE MA 02655 990 2023-10-01 042772952 SOUTH EASTERN ECONOMIC DEVELOPMENT CORPORATION SOUT 5088221020 80 DEAN STREET TAUNTON MA 02780 SUSAN MURRAY EXECUTIVE DIRECTOR 5088221020 2025-01-25 true true JOSEPH F MCGEE CPA P01584870 5084280790 2025-02-04 2023 2025-03-06 01:10:19Z SUSAN MURRAY 80 DEAN STREET TAUNTON MA 02780 4521283 false X WWW.SEEDCORP.COM X 1982 MA SEED'S MISSION IS TO ASSIST SMALL BUSINESSES TO START-UP, EXPAND AND CREATE NEW JOBS. SEED WAS CERTIFIED IN 1982 BY THE U.S. SBA TO PACKAGE SBA 504 LOANS. SEED ALSO MAKES LOANS AS A CDFI UNDER THE U.S. DEPARTMENT OF TREASURY, & EDA U.S. DEPARTMENT OF COMMERCE, AND A SBA MICRO LENDER AND PROVIDES TECHNICAL ASSISTANCE. 33 33 15 53 0 2943368 2284308 1780045 2060585 73243 176390 0 4796656 4521283 0 0 2076649 2096749 0 0 389706 449169 2466355 2545918 2330301 1975365 24718206 28678587 5100776 7085792 19617430 21592795 X SEED'S MISSION IS TO ASSIST SMALL BUSINESSES TO START-UP, EXPAND AND CREATE NEW JOBS. SEED WAS CERTIFIED IN 1982 BY THE U.S. SBA TO PACKAGE SBA 504 LOANS. SEED ALSO MAKES LOANS AS A CDFI UNDER THE U.S. DEPARTMENT OF TREASURY, & EDA U.S. DEPARTMENT OF COMMERCE, AND A SBA MICRO LENDER AND PROVIDES TECHNICAL ASSISTANCE. false false 327737 998300 5SBA 504 PROGRAM: PACKAGING, CLOSING AND SERVICING OF SBA 504 LOANS TO SMALL BUSINESS IN MASSACHUSETTS AND RHODE ISLAND. 907146 712272 MICRO LOAN PROGRAM INCLUDING SBA MICRO LOANS AND TECHNICAL ASSISTANCE AND MA TECHNICAL ASSISTANCE. UNDERWRITING, CLOSING AND SERVICING OF LOANS UP TO 50,000 TO SMALL BUSINESSES FOR WORKING CAPITAL FURNITURE AND FIXTURES AND EQUIPMENT. ADMINISTRATION OF TECHNICAL ASSISTANCE PROGRAM FOR START-UP AND EXISTING SMALL BUSINESSES IN CONJUNCTION WITH THE SBA MICRO LOAN PROGRAM. THE PROGRAM INCLUDES EIGHT COUNTIES FROM BOSTON TO THE CAPE AND ISLANDS IN MASSACHUSETTS, AND ALL OF RHODE ISLAND. 1003094 2696109 REVOLVING LOAN FUND PROGRAM: UNDERWRITING, CLOSING AND SERVICING OF LOANS UP TO 200,000 UNDER THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) REVOLVING LOAN FUND PROGRAM AND THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION FUND (CDFI) UNDER THE U.S. DEPARTMENT OF TREASURY, AND SEED FUND AND RI FUND. THESE LOANS ARE MADE IN CONJUNCTION WITH BANK AND OTHER FINANCING TO SMALL BUSINESSES IN SOUTHEASTERN MASSACHUSETTS AND RHODE ISLAND. 120202 114602 OTHER PROGRAM SERVICES 120202 114602 2358179 false false false false false false false false false true false false false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false true 6 0 true 15 true false false false false false false false false X 33 33 false false false false true true false true true false false true true true true false false true true false MA X SIDONIA REYES 5088221020 80 DEAN STREET 80 DEAN STREET TAUNTON MA 02780 X CHARLES DWYER PAST CHAIRMA 2.00 X X 0 0 0 CARL W TABER CHAIR 2.00 X X 0 0 0 LORRAINE TRAVERS TREASURER 2.00 X X 0 0 0 EDWARD F SOUSA ASST TREASUR 2.00 X X 0 0 0 CATHERINE FEERICK FIRST VICE C 2.00 X X 0 0 0 JOHN SILVA SECOND VICE 2.00 X X 0 0 0 WILLIAM J ASH DIRECTOR 1.00 X 0 0 0 RICHARD SHAFER CLERK 1.00 X 0 0 0 DEBORAH PANULLO DIRECTOR 1.00 X 0 0 0 KEITH BROYLES DIRECTOR 1.00 X 0 0 0 JOHNNY CHARLES DIRECTOR 1.00 X 0 0 0 CHRISTOPHER COONEY DIRECTOR 1.00 X 0 0 0 BRADFORD P EGAN DIRECTOR 1.00 X 0 0 0 PATRICK J GAUGHAN DIRECTOR 1.00 X 0 0 0 MARIA GOOCH-SMITH DIRECTOR 1.00 X 0 0 0 JAMES HANLON DIRECTOR 1.00 X 0 0 0 JAMES HORRIGAN DIRECTOR 1.00 X 0 0 0 CHERYL A MCCORMICK ASSISTANT CL 1.00 X 0 0 0 PAUL S MEDEIROS DIRECTOR 1.00 X 0 0 0 JENNIFER MENARD DIRECTOR 1.00 X 0 0 0 BRIAN GRIFFIN DIRECTOR 1.00 X 0 0 0 SUSAN MURRAY EXECUTIVE DI 40.00 X 284567 0 10401 LISA M HOLMES SR VP LENDIN 40.00 X 186795 0 17539 LAURIE DRISCOLL VP COMMERCIA 40.00 X 165404 0 4464 TAMARAH BACON VP COMMERCIA 40.00 X 149955 0 4264 ANGELA LAPERRIERE VP BUSINESS 40.00 X 154169 0 4369 REBECCA COLLINS DIRECTOR 1.00 X 0 0 0 JOSEPH ORLANDO DIRECTOR 1.00 X 0 0 0 MICHAEL O'SULLIVAN DIRECTOR 1.00 X 0 0 0 CRYSTAL DACRUZ DIRECTOR 1.00 X 0 0 0 DORIS DE LOS SANTOS DIRECTOR 1.00 X 0 0 0 ALLYSON BRAINSON DIRECTOR 1.00 X 0 0 0 PAMELA LABRECHE DIRECTOR 1.00 X 0 0 0 STEPHEN PECK DIRECTOR 1.00 X 0 0 0 JEFFREY PINEAULT DIRECTOR 1.00 X 0 0 0 PAUL RUOCCO DIRECTOR 1.00 X 0 0 0 CHARLES DEBEVOISE DIRECTOR 1.00 X 0 0 0 RACHEL BARRETT DIRECTOR 1.00 X 0 0 0 940890 41037 5 false true false 2172808 111500 2284308 PROCESS, SERVICE AND PACKAGE 1120585 1120585 INTEREST ON LOANS 940000 940000 2060585 176390 176390 4521283 2060585 176390 1779080 1752113 26967 57953 57953 130346 129306 1040 129370 127391 1979 30455 30455 94400 94400 11186 11186 27795 27795 32898 32898 44615 44615 14003 14003 22487 22487 30097 30097 16932 16932 LOANS WRITTEN OFF 54325 54325 DUES & PUBLICATIONS 38246 38246 TELEPHONE 14139 14139 EQUIPMENT LEASE 7764 7764 9827 9827 2545918 2358179 187739 0 669949 634814 7544961 6258048 113262 93926 430470 343397 15173040 20576556 2997 13329 1566068 807551 783527 758517 24718206 28678587 289598 331461 8935 53320 2571693 3030137 2230550 3670874 5100776 7085792 X 5108885 21592795 14508545 19617430 21592795 24718206 28678587 1975365 X false true X true true true 210000 210000 1001133 468950 532183 354935 338601 16334 758517 4521283 4521283 4521283 2545918 2545918 2545918 X false false false false false false false false false SUSAN MURRAY EXECUTIVE DIRECTOR 234567 50000 10401 294968 LISA M HOLMES SR VP LENDING TEAM 175622 11173 17539 204334 LAURIE DRISCOLL VP COMMERCIAL LOAN 139863 25541 4464 169868 TAMARAH BACON VP COMMERCIAL LOAN 134638 15317 4264 154219 ANGELA LAPERRIERE VP BUSINESS MANAGER 139808 14361 4369 158538 FORM 990 - ORGANIZATION'S MISSION SEED'S MISSION IS TO ASSIST SMALL BUSINESSES TO START-UP, EXPAND AND CREATE NEW JOBS. SEED WAS CERTIFIED IN 1982 BY THE U.S. SBA TO PACKAGE SBA 504 LOANS. SEED ALSO MAKES LOANS AS A CDFI UNDER THE U.S. DEPARTMENT OF TREASURY, & EDA U.S. DEPARTMENT OF COMMERCE, AND A SBA MICRO LENDER AND PROVIDES TECHNICAL ASSISTANCE. FORM 990, PAGE 2, PART III, LINE 4D OTHER PROGRAM SERVICES FORM 990, PAGE 6, PART VI, LINE 6 FORM 990 IS DELIVERED TO THE FULL BOARD AND THE OFFICER'S COMMITTEE FOR REVIEW FORM 990, PAGE 6, PART VI, LINE 7A THE OFFICER'S COMMITTEE HAS THE POWER TO APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BOARD FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 WAS REVIEWED BY THE SEED BOARD OF DIRECTORS IN ITS ENTIRETY AND APPROVED. FORM 990, PAGE 6, PART VI, LINE 12C THE SEED BOARD OF DIRECTORS AND SEED STAFF INDIVIDUALLY SIGN THE AGREEMENT TO THE POLICY ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A THE SEED BOARD OF DIRECTORS REVIEWS THE SALARY SCHEDULE, WHICH IS BASED ON COMPARABLE POSITIONS AND MARKET SALARY RATES, AND EVALUATES ALL STAFF PERFORMANCE ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15B THE SEED BOARD OF DIRECTORS REVIEWS THE SALARY SCHEDULE, WHICH IS BASED ON COMPARABLE POSITIONS AND MARKET SALARY RATES, AND EVALUATES ALL STAFF PERFORMANCE ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 ALL DOCUMENTS AND POLICIES RELATED TO THE ORGANIZATION ARE AVAILABLE TO THE PUBLIC UPON REQUEST.