Nonprofit · EIN 20-5955376
SEEDS OF HOPE INC
Tax-exempt (reinstated) · CHARLOTTE, NC 28217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $217,551 | $212,883 | $4,668 | $441,153 | $0 | $441,153 |
| December 31, 2023 | 990 | $205,443 | $122,072 | $83,371 | $436,485 | $0 | $436,485 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $224,807
- Program service revenue
- $0
- Investment income
- $10,727
- Net income from fundraising events
- -$17,983
- Other revenue
- -$17,983
Expenses
- Grants and similar amounts paid
- $177,020
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $600
- Program services (functional)
- $205,623
- Management and general (functional)
- $4,071
- Fundraising (functional)
- $3,189
Balance sheet and other
- Total assets, start of year
- $436,485
- Total assets, end of year
- $441,153
- Total liabilities, end of year
- $0
- Net assets, end of year
- $441,153
- Net assets without donor restrictions
- $441,153
- Gross receipts
- $235,534
- Employees
- 0
- Year formed
- 2017
- State of legal domicile
- NC
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 |
|---|---|---|---|
| Dan Holloway | Director Trustee or director | 2 | $0 |
| Stacey Stolar | Director Trustee or director | 2 | $0 |
| Kim Deaton | Director Trustee or director | 2 | $0 |
| Dominique Myers | Director Trustee or director | 2 | $0 |
| Kalon Foss | Director Trustee or director | 2 | $0 |
| Jasmine Ellis | Director Trustee or director | 2 | $0 |
| Cindy Goodwin | Director Trustee or director | 2 | $0 |
| Marilynn Chadwick | Director Trustee or director | 2 | $0 |
| Pat Swisher | Director Trustee or director | 2 | $0 |
| Laura Swisher | President Trustee or director, Officer | 2 | $0 |
| Amy Simpson | Secretary Trustee or director, Officer | 2 | $0 |
| Emily Oliver | Treasurer Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dan Holloway | Director Trustee or director | 2 | $0 |
| Laura Swisher | President Trustee or director, Officer | 2 | $0 |
| Stacey Stolar | Director Trustee or director | 2 | $0 |
| Amy Simpson | Secretary Trustee or director, Officer | 2 | $0 |
| Kim Deaton | Director Trustee or director | 2 | $0 |
| Emily Oliver | Treasurer Trustee or director, Officer | 2 | $0 |
| Dominique Myers | Director Trustee or director | 2 | $0 |
| Kalon Foss | Director Trustee or director | 2 | $0 |
| Jasmine Ellis | Director Trustee or director | 2 | $0 |
| Cindy Goodwin | Director Trustee or director | 2 | $0 |
| Marilynn Chadwick | Director Trustee or director | 2 | $0 |
| Pat Swisher | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 624 TYVOLA RD STE 103 PMB 308, CHARLOTTE, NC 28217-3585
- In care of
- % AMY SIMPSON
- Signed the 990
- AMY SIMPSON, Vice President
- Phone
- (704) 516-3247
- Website
- www.seedsscholars.org
- Return prepared by
- CFO Leverage LLC
Mission
The organizations mission is to provide domestic scholarships and mentoring to under resourced communities. Seeds of Hope empowers motivated under-privileged students to achieve their dreams through Academic scholarships.
Program accomplishments
- Scholarship program with 27 active scholarships in 2024. Scholarship amounts from $1,000 - $20,000 paid directly to the university/college over a period of up to 4 years.Expenses $205,623 · grants $205,623
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
- 20-5955376
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $441,153
- Income (IRS master file)
- $235,534
Revocation and reinstatement
- Exemption revoked
- May 15, 2017
- Posted by the IRS
- August 16, 2017
- Reinstated
- Effective May 15, 2017
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 | $217,551 | $212,883 | $441,153 | XML |
| 990 | December 2023 | $205,443 | $122,072 | $436,485 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | 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 20-5955376).
Questions about SEEDS OF HOPE INC
- What is the EIN of SEEDS OF HOPE INC?
- The employer identification number (EIN) of SEEDS OF HOPE INC is 20-5955376.
- Is SEEDS OF HOPE INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2017 and reinstated it effective May 15, 2017.
- Are donations to SEEDS OF HOPE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SEEDS OF HOPE INC 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 SEEDS OF HOPE INC 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 SEEDS OF HOPE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of SEEDS OF HOPE INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does SEEDS OF HOPE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $217,551, expenses of $212,883 and total assets of $441,153 at year end.
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