Nonprofit · EIN 13-2875743
STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · BRONX, NY 10457
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,765,424 | $6,102,936 | -$337,512 | $2,537,263 | $5,135,678 | -$2,598,415 |
| December 31, 2023 | 990 | $6,558,823 | $6,608,420 | -$49,597 | $2,611,457 | $4,872,360 | -$2,260,903 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,653,439
- of which government grants
- $5,628,439
- Program service revenue
- $0
- Investment income
- $124
- Other revenue
- $111,861
Expenses
- Grants and similar amounts paid
- $940,955
- Compensation of officers, directors and key employees
- $208,254
- Other salaries and wages
- $2,155,566
- Salaries, compensation and benefits (total)
- $3,381,903
- Professional fundraising fees
- $0
- Legal fees
- $2,102
- Accounting fees
- $71,438
- Occupancy
- $355,753
- Travel
- $75,381
- Depreciation
- $68,300
- Program services (functional)
- $5,062,205
- Management and general (functional)
- $1,040,731
Balance sheet and other
- Total assets, start of year
- $2,611,457
- Total assets, end of year
- $2,537,263
- Total liabilities, end of year
- $5,135,678
- Net assets, end of year
- -$2,598,415
- Land, buildings and equipment
- $278,967
- Net assets without donor restrictions
- -$2,598,415
- Gross receipts
- $5,765,424
- Employees
- 48
- Volunteers
- 5
- Year formed
- 1976
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RAUL RUSSI | PRESIDENT Officer | 0 | $0 | $896,597 | $101,830 |
| LYMARIS ALBORS | CHIEF EXECUTIVE OFFICER Officer | 0 | $0 | $836,685 | $56,068 |
| JOSE A RODRIGUEZ | CHIEF LEGAL OFFICER/ EXEC VP Officer | 0 | $0 | $562,331 | $30,262 |
| VICKY GATELL | CHIEF FINANCIAL OFFICER Officer | 0 | $0 | $442,213 | $46,781 |
| KEITH RASMUSSEN | EXECUTIVE DIRECTOR Officer | 35 | $207,618 | $0 | $636 |
| MARK ROMANINSKY | SENIOR DIRECTOR Highest-paid employee | 35 | $108,876 | $0 | $36,282 |
| WALTER MACK ESQ | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LIZANNE STEPHENSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANGEL AUDIFFRED | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILFRED RENTA | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GEORGE A PRUITT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RAUL RASSI | PRESIDENT Officer | 0 | $0 | $909,372 | $70,634 |
| LYMARIS ALBORS | CHIEF EXECUTIVE OFFICER Officer | 0 | $0 | $803,886 | $39,079 |
| JOSE A RODRIGUEZ | CHIEF LEGAL OFFICER/ EXEC VP Officer | 0 | $0 | $602,553 | $37,084 |
| VICKY GATELL | CHIEF FINANCIAL OFFICER Officer | 0 | $0 | $454,869 | $42,707 |
| KEITH RASMUSSEN | INTERIM EXECUTIVE DIRECTOR Officer | 35 | $207,798 | $0 | $8,948 |
| MARLA SMITH BROWN | SENIOR DIRECTOR Highest-paid employee | 35 | $118,735 | $0 | $37,667 |
| MARK ROMANINSKY | SENIOR DIRECTOR Highest-paid employee | 35 | $107,776 | $0 | $37,229 |
| WALTER MACK ESQ | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LIZANNE STEPHENSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANGEL AUDIFFRED | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILFRED RENTA | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GEORGE A PRUITT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 311 E 175TH ST, BRONX, NY 10457-5859
- In care of
- % VICKY GATELL
- Mailing address (990-N for 2021)
- 22 Cortlandt Street 33rd Floor, New York NY 10007
- Principal officer (990 for 2024)
- RAUL RUSSI, 300 East 175th Street, Bronx, NY 10457
- Principal officer (990-N for 2021)
- Vicky Gatell, 22 Cortlandt Street 33rd Floor, New York NY 10007
- Signed the 990
- RAUL RUSSI, PRESIDENT
- Phone
- (347) 649-3083
- Website
- WWW.SEEDCO.ORG
- Return prepared by
- WithumSmithBrown PC
Mission
STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATIONS (SEEDCO) MISSION IS TO ADVANCE ECONOMIC OPPORTUNITY FOR PEOPLE, BUSINESSES, AND COMMUNITIES IN NEED AS SUCH, SEEDCO DESIGNS AND IMPLEMENTS INNOVATIVE PROGRAMS AND SERVICES THAT BENEFIT WORKERS, FAMILIES, AND BUSINESSES ACROSS THE COUNTRY EACH YEAR, SEEDCO SUPPORTS COMMUNITIES THROUGH TWO CORE PROGRAM PORTFOLIOS 1) WORKFORCE DEVELOPMENT 2) WORK AND FAMILY SUPPORTS SEEDCO OPERATES AS BOTH A DIRECT SERVICES PROVIDER AND AN INTERMEDIARY ORGANIZATION, HELPING COMMUNITY BASED ORGANIZATIONS EXPAND OUTREACH AND SECURE FUNDING.
Program accomplishments
- Workforce development- using a long-term career case management model, seedco provides career counselling and job-readiness training and job placement services to help individuals with barriers to employment obtain, retain and advance in jobs. seedcos workforce development programs provide A broad range of job seekers and workers with paths to success that begin with job placement and move on to job retention and career advancement. We tailor these services so they meet the needs of hard-to-serve populations including non-custodial parents, out-of-school youth, and individuals with a history of criminal justice involvement.Expenses $5,062,205 · grants $940,955
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-2875743
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $2,537,263
- Income (IRS master file)
- $5,765,424
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,765,424 | $6,102,936 | $2,537,263 | XML |
| 990 | December 2023 | $6,558,823 | $6,608,420 | $2,611,457 | XML |
| 990 | December 2022 | $6,324,471 | $6,763,930 | $4,105,153 | IRS |
| 990-N for 2021 Officer: Vicky Gatell | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Vicky Gatell | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-2875743).
Questions about STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION is 13-2875743.
- Is STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names RAUL RUSSI.
- Who are the officers and directors of STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization.
- How much revenue does STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,765,424, expenses of $6,102,936 and total assets of $2,537,263 at year end.
Other nonprofits in BRONX
- FOOD BANK FOR NEW YORK CITY EIN 13-3179546 · last filed 990 for 2025
- NORTHWEST BRONX COMMUNITY AND CLERGY COALITION INC EIN 13-2806160 · last filed 990 for 2025
- THE PROMESA HOUSING DEVELOPMENT FUND CORPORATION EIN 13-3608906 · last filed 990 for 2024
- RIVERDALE NEIGHBORHOOD HOUSE INC EIN 13-1740024 · last filed 990 for 2025
- SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION EIN 13-2736022 · last filed 990 for 2023
- MOSHOLU PRESERVATION CORPORATION EIN 13-3109387 · last filed 990 for 2024
- BANANA KELLY COMMUNITY IMPROVEMENT ASSOCIATION INC EIN 13-2934000 · last filed 990 for 2024
- HIGHBRIDGE COMMUNITY DEVELOPMENT CORPORATION EIN 13-3860487 · last filed 990 for 2024
All nonprofits in BRONX · New York · Community improvement and capacity building