Nonprofit · EIN 20-2264584
SEED COMMONS
Tax-exempt (reinstated) · NEW YORK, NY 10003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,092,913 | $10,405,291 | -$312,378 | $85,705,499 | $68,965,779 | $16,739,720 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,389,656
- of which government grants
- $780,496
- Program service revenue
- $1,799,049
- Investment income
- $1,807,631
- Net rental income
- $96,577
- Other revenue
- $96,577
Expenses
- Grants and similar amounts paid
- $3,162,845
- Compensation of officers, directors and key employees
- $983,667
- Other salaries and wages
- $2,462,050
- Salaries, compensation and benefits (total)
- $4,065,297
- Professional fundraising fees
- $19,608
- Legal fees
- $67,600
- Accounting fees
- $60,716
- Occupancy
- $128,920
- Travel
- $27,254
- Depreciation
- $77,197
- Program services (functional)
- $9,353,899
- Management and general (functional)
- $773,296
- Fundraising (functional)
- $278,096
Balance sheet and other
- Total assets, start of year
- $81,765,852
- Total assets, end of year
- $85,705,499
- Total liabilities, end of year
- $68,965,779
- Net assets, end of year
- $16,739,720
- Land, buildings and equipment
- $2,990,700
- Publicly traded securities
- $1,522,926
- Net assets without donor restrictions
- $12,597,854
- Net assets with donor restrictions
- $4,141,866
- Gross receipts
- $10,092,913
- Employees
- 53
- Volunteers
- 9
- Year formed
- 2005
- State of legal domicile
- ME
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 | Other / benefits |
|---|---|---|---|---|
| BRENDAN MARTIN | CO-EXECUTIVE DIRECTOR Officer | 40 | $131,386 | $29,178 |
| KATE KHATIB | CO-EXECUTIVE DIRECTOR Officer | 40 | $132,071 | $26,530 |
| KAREN HASKINS | DIRECTOR OF FINANCE Officer | 40 | $114,005 | $12,053 |
| MARIA ELENA DEL VALLE | MANAGING DIRECTOR Officer | 40 | $112,620 | $12,029 |
| MARGO DALAL | SECRETARY, ASSOC DIR OF CAPITAL STRATEGIES Trustee or director, Officer | 42 | $97,467 | $20,611 |
| EDEN SCHULZ | DIRECTOR OF ADMINISTRATION Highest-paid employee | 40 | $101,680 | $11,664 |
| CHRISTYNE DILLARD | DIRECTOR OF LENDING Highest-paid employee | 40 | $105,152 | $3,347 |
| EMILY LERMAN | DIRECTOR, PROJECT OFFICER (BRED) Trustee or director | 34 | $76,250 | $2,507 |
| GHISLAIN GUIEBO | DIRECTOR, CO-EXEC DIR (TWW) Trustee or director | 42 | $63,793 | $14,267 |
| ANDREW DELMONTE | DIRECTOR, EXEC DIR (COOP BUFFALO) Trustee or director | 42 | $65,168 | $10,666 |
| EDWARD LEROY WHITFIELD | PRESIDENT, SENIOR FELLOW Trustee or director, Officer | 12 | $46,193 | $1,602 |
| GUADALUPE LUPE ROMERO ELICEA | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| KRISTEN BARKER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDREA GOLDEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GILDA HAAS | DIRECTOR (UNTIL 9/2024) Trustee or director | 2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIANA SIDNEY | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 228 PARK AVENUE SOUTH 65768, NEW YORK, NY 10003-1502
- In care of
- % STEFANIE BARLEY
- Principal officer (990 for 2024)
- BRENDAN MARTIN, 228 PARK AVENUE SOUTH 65768, NEW YORK, NY 10003
- Signed the 990
- BRENDAN MARTIN, CO-EXECUTIVE DIRECTOR
- Phone
- (646) 257-4144
- Return prepared by
- AAFCPAS INC
Mission
SEED COMMONS IS AN APPLIED RESEARCH ORGANIZATION STUDYING, TESTING, ASSESSING AND IMPLEMENTING BEST PRACTICES FOR COMMUNITY ECONOMIC DEVELOPMENT THROUGH THE EXPANSION OF DEMOCRATIC ENTERPRISE AND COMMUNITY-CONTROLLED NON-EXTRACTIVE CAPITAL.
Program accomplishments
- IN 2024, SEED COMMONS MADE 60 BELOW-MARKET RATE LOANS TO 46 DEMOCRATIC ENTERPRISES WHICH BENEFITED OVER 3,000 WORKER-OWNERS. OF THOSE 60 LOANS, 51 WERE MADE TO COOPERATIVE BUSINESSES IN THE US AND 9 WERE MADE IN NICARAGUA. THE ORGANIZATION CONTINUES TO FOCUS ITS WORK IN COMMUNITIES WHOSE POPULATIONS ARE LOW-INCOME, MARGINALIZED, AND AT-RISK. THE LOAN SELECTION PROCESS INVOLVES A DOUBLE BOTTOM LINE, WHEREIN WE ASSESS THE BUSINESS PLAN TO MEASURE THE PROJECTED YIELD IN FINANCIAL BENEFIT TO THE COOPERATIVE AND ALSO MEASURE THE SOCIAL IMPACT, WHICH CAN INCLUDE SUCH QUANTIFIABLE PARAMETERS AS INCOME ENHANCEMENT (ESPECIALLY WHEN RISING ABOVE THE POVERTY LINE), INCREASED EMPLOYMENT, AND MORE ABSTRACT VARIABLES SUCH AS CAPACITY DEVELOPMENT AND INCREASED COMMUNITY STABILITY. OUR LOANS HAVE SUBSTANTIALLY INCREASED THE CAPITAL OF THE ENTERPRISE IN THREE CATEGORIES: FINANCIAL, HUMAN AND SOCIAL. THESE LOANS IMPROVED THE FINANCIAL SITUATIONS OF THESE SMALL BUSINESSES AND, IN MOST CASES, ALSO RESULTED IN A SUBSTANTIAL INCREASE IN PRODUCTION AND EMPLOYMENT.Expenses $9,353,899 · grants $3,162,845 · revenue $1,799,049
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
- 20-2264584
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $85,705,499
- Income (IRS master file)
- $10,092,913
Revocation and reinstatement
- Exemption revoked
- May 15, 2012
- Posted by the IRS
- March 11, 2013
- Reinstated
- Effective May 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $9,581,365 | $10,946,830 | $81,765,852 | IRS |
| 990 | December 2022 | $7,986,885 | $6,499,540 | $77,022,754 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about SEED COMMONS
- What is the EIN of SEED COMMONS?
- The employer identification number (EIN) of SEED COMMONS is 20-2264584.
- Is SEED COMMONS tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2012 and reinstated it effective May 15, 2012.
- Are donations to SEED COMMONS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SEED COMMONS 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 SEED COMMONS 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 SEED COMMONS 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 SEED COMMONS?
- The 990 for the year ended December 31, 2024 names BRENDAN MARTIN.
- Who are the officers and directors of SEED COMMONS?
- The 990 for the year ended December 31, 2024 lists 16 people; 11 received compensation from the organization, the highest $131,386 (BRENDAN MARTIN, CO-EXECUTIVE DIRECTOR).
- How much revenue does SEED COMMONS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,092,913, expenses of $10,405,291 and total assets of $85,705,499 at year end.
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All nonprofits in NEW YORK · New York · Community improvement and capacity building