Nonprofit · EIN 26-4477567
SCHOOLSEED FOUNDATION
Tax-exempt · MEMPHIS, TN 38112
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,330,167 | $2,885,249 | $444,918 | $14,096,359 | $10,170,310 | $3,926,049 |
| December 31, 2021 | 990 | $4,454,713 | $2,295,013 | $2,159,700 | $7,252,651 | $2,113,209 | $5,139,442 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,737,285
- Program service revenue
- $252,775
- Investment income
- $340,107
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $688,246
- Salaries, compensation and benefits (total)
- $804,767
- Professional fundraising fees
- $0
- Occupancy
- $65,522
- Travel
- $182,667
- Depreciation
- $52,877
- Program services (functional)
- $1,783,675
- Management and general (functional)
- $930,676
- Fundraising (functional)
- $170,898
Balance sheet and other
- Total assets, start of year
- $12,196,218
- Total assets, end of year
- $14,096,359
- Total liabilities, end of year
- $10,170,310
- Net assets, end of year
- $3,926,049
- Land, buildings and equipment
- $1,513,887
- Net assets without donor restrictions
- $3,926,049
- Gross receipts
- $3,330,167
- Employees
- 2
- Volunteers
- 6
- Year formed
- 2009
- State of legal domicile
- TN
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 |
|---|---|---|---|
| Vincent McCaskill | President/ CEO Officer | 40 | $207,668 |
| William Mitchell | Chairman Trustee or director, Officer | 0 | $0 |
| Ken Foster | Treasurer Trustee or director, Officer | 0 | $0 |
| Lisa Wheeler Jenkins | Secretary Trustee or director, Officer | 0 | $0 |
| Regina Walker | Director Trustee or director | 0 | $0 |
| David Cocke | Director Trustee or director | 0 | $0 |
| Beverly Cross | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2021: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William Mitchell | Chairman Trustee or director, Officer | 0 | $0 |
| Ken Foster | Treasurer Trustee or director, Officer | 0 | $0 |
| Lisa Wheeler Jenkins | Secretary Trustee or director, Officer | 0 | $0 |
| Regina Walker | Director Trustee or director | 0 | $0 |
| David Cocke | Director Trustee or director | 0 | $0 |
| Beverly Cross | Director Trustee or director | 0 | $0 |
| Vincent McCaskill | President/ CEO Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 2670 UNION AVENUE EXT, MEMPHIS, TN 38112-4426
- In care of
- % VINCE MCCASKILL
- Principal officer (990 for 2024)
- Vincent McCaskill, P O Box 111169, Memphis, TN 38111
- Signed the 990
- Vincent McCaskill, President
- Phone
- (901) 207-1472
- Return prepared by
- BANKS FINLEY WHITE & CO
Mission
At SchoolSeed, we recognize that the journey to enrich our community starts with our families and the environments we nurture for our children. We are dedicated to fostering a network of support that uplifts every family and child. By collaborating closely with residents, local organizations, and businesses, we aim to extend impactful programs that reach deep into the heart of our community. Our mission is to ensure that every child benefits from initiatives that enhance not only educational outcomes but also holistic development and family stability. We believe that strong families form the backbone of thriving communities, and through targeted support and active engagement, we are committed to catalyzing lasting positive change right where it matters most-in our community.
Program accomplishments
- SchoolSeed has been a trusted organization committed to developing and managing programs that directly impact children, families, and the broader community. At the core of our mission is a deep commitment to strengthening families, as we believe strong families lead to stronger communities. Through our initiatives, we provide essential services that help parents, children, and residents overcome challenges and build a foundation for success. Our flagship programs include: Kindred Place - Offering counseling support for parents, children, and families, helping them navigate trauma, stress, and mental health challenges. This work promotes healthier relationships and stability within households, ensuring long-term community well-being. Bridge Up Giddy Up - A unique equestrian program that immerses inner-city youth in the world of horseback riding, providing mentorship, life skills development, and exposure to new opportunities. This initiative has helped children develop discipline, confidence, and resilience. Community Collaboration and Outreach - We actively work with residents, local organizations, and businesses to address pressing community needs, supporting initiatives that contribute to overall neighborhood development and family stability. SchoolSeed is dedicated to securing and managing private resources to operate and expand these programs, ensuring families and youth in Memphis have access to the tools and support they need to thrive. Our focus remains on creating sustainable, impactful initiatives that uplift and empower individuals fostering a stronger, more resilient community for all.Expenses $1,618,071 · revenue $3,330,167
- Sponsorships: Support core programs of schoolseed which include Bridge Up Giddy Up, Kindred Place and other community driven iniatives that impact children and families in the community.Expenses $165,604
- SchoolSeed initiatives that support children and families: Support schoolseed programs aimed at specified initiatives that impact children in the community and their families most immediate needs.0
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 | Check at the IRS |
IRS record
- EIN
- 26-4477567
- 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
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $14,096,359
- Income (IRS master file)
- $3,330,167
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,330,167 | $2,885,249 | $14,096,359 | IRS |
| 990 | December 2022 | $2,826,393 | $5,165,739 | $9,717,016 | IRS |
| 990 | December 2021 | $4,454,713 | $2,295,013 | $7,252,651 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 26-4477567).
Questions about SCHOOLSEED FOUNDATION
- What is the EIN of SCHOOLSEED FOUNDATION?
- The employer identification number (EIN) of SCHOOLSEED FOUNDATION is 26-4477567.
- Is SCHOOLSEED FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to SCHOOLSEED FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SCHOOLSEED FOUNDATION 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 SCHOOLSEED FOUNDATION 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 SCHOOLSEED FOUNDATION 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 SCHOOLSEED FOUNDATION?
- The 990 for the year ended December 31, 2024 names Vincent McCaskill.
- Who are the officers and directors of SCHOOLSEED FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $207,668 (Vincent McCaskill, President/ CEO).
- How much revenue does SCHOOLSEED FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,330,167, expenses of $2,885,249 and total assets of $14,096,359 at year end.
Other nonprofits in MEMPHIS
- COMMUNITY FOUNDATION OF GREATER MEMPHIS INC EIN 58-1723645 · last filed 990 for 2025
- CHRISTIAN COMMUNITY FOUNDATION OF MEMPHIS AND THE MID-SOUTH INC EIN 62-1752885 · last filed 990 for 2025
- FORMANEK FOUNDATION EIN 26-1565007 · last filed 990-PF for 2024
- MCENIRY FAMILY FOUNDATION EIN 93-4781807 · last filed 990-PF for 2023
- UNITED WAY OF THE MID-SOUTH EIN 56-1010742 · last filed 990 for 2025
- THE MARTIN FAMILY FOUNDATION INC EIN 83-1489207 · last filed 990 for 2025
- MCGEHEE FAMILY FOUNDATION EIN 62-1801291 · last filed 990-PF for 2024
- ASSISI FOUNDATION OF MEMPHIS INC EIN 62-1558722 · last filed 990-PF for 2024
All nonprofits in MEMPHIS · Tennessee · Philanthropy, voluntarism and grantmaking foundations