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Nonprofit · EIN 32-0216688

THE GOLDEN SEEDS FOUNDATION

Tax-exempt (reinstated) · DALLAS, TX 75203

Financials

$424K$526K2023$755K$853K2024
Revenue Expenses · by fiscal year end
Financials of THE GOLDEN SEEDS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$755,246$852,778-$97,532$196,622$306,398-$109,776
December 31, 2023990$424,430$525,853-$101,423$894,957$907,202-$12,245
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$688,267
of which government grants
$600,122
Program service revenue
$66,979
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$145,623
Salaries, compensation and benefits (total)
$156,763
Professional fundraising fees
$0
Accounting fees
$2,477
Occupancy
$9,109
Program services (functional)
$803,632
Management and general (functional)
$16,648
Fundraising (functional)
$32,498

Balance sheet and other

Total assets, start of year
$894,957
Total assets, end of year
$196,622
Total liabilities, end of year
$306,398
Net assets, end of year
-$109,776
Net assets without donor restrictions
-$109,776
Gross receipts
$755,246
Employees
2
Volunteers
18
Year formed
2019
State of legal domicile
TX

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.

NameTitleHours / weekCompensation
Sean TateLegal Counsel
Trustee or director, Officer
1$0
Vincent T ParkerBoard Chair
Trustee or director, Officer
1$0
Mae MarshallBoard Secretary
Trustee or director, Officer
1$0
Jay HaiglerBoard Member
Trustee or director
1$0
Brent BrownBoard Member
Trustee or director
1$0
Denise MasonBoard Member
Trustee or director
1$0
Kevin HannahVice Chair
Trustee or director, Officer
1$0
Tommy BowieBoard Member
Trustee or director
1$0
Karyn MartinBoard Member
Trustee or director
1$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
Sean TateLegal Counsel
Trustee or director, Officer
1$3,000
Vincent T ParkerBoard Chair
Trustee or director, Officer
1$0
Mae MarshallBoard Secretary
Trustee or director, Officer
1$0
Jay HaiglerBoard Member
Trustee or director
1$0
Brent BrownBoard Member
Trustee or director
1$0
Denise MasonBoard Member
Trustee or director
1$0
Kevin HannahVice Chair
Trustee or director, Officer
1$0
Tommy BowieBoard Member
Trustee or director
1$0
Karyn MartinBoard Member
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1128 REVEREND CBT SMITH ST, DALLAS, TX 75203-1536
In care of
% LINDA JORDAN PRESTON
Mailing address (990-N for 2018)
1128 Reverend CBT Smith, Dallas TX 75203
Principal officer (990 for 2024)
Libbie Lee, 1128 Reverend CBT Smith St, Dallas, TX 75203
Principal officer (990-N for 2018)
Libbie Terrell Lee, 1128 Reverend CBT Smith, Dallas TX 75203
Signed the 990
Libbie Lee, Executive Director
Phone
(214) 943-5010

Mission

The mission of The Golden SEEDS Foundation, a non-profit community redevelopment corporation, is to transform our neighborhood into a vibrant community through Spirit-led acts of justice and mercy. We seek to accomplish this through the promotion of biblical values, social justice, and economic empowerment, creating hope for the most vulnerable in our community.

990 for the year ended December 31, 2024

Program accomplishments

  • In 2024, The Golden S.E.E.D.S. Foundation celebrated the completion and closing of seven newly constructed affordable homes. To support these new homeowners and other community members on their journey, we coupled the housing initiative with our Mastering the Move educational learning series. The first cohort included 20 participants who engaged in weekly, interactive learning sessions covering essential topics such as financial preparedness, home maintenance, mortgage management, property taxes, insurance, estate planning, and community engagement. Participants not only received invaluable education impacting both their homebuying and homeownership experience but were also gifted customized new homeowner tool packages, which included: * A 6-foot ladder * HVAC filters tailored to each participant's home unit * A complete starter toolkit containing essential tools for minor household repairs These practical resources reinforced the program's mission to prepare new homeowners to confidently manage and maintain their homes. Mastering the Move has had a measurable impact-helping families transition from renters to informed, empowered homeowners who can sustain their investments and strengthen the fabric of their community. The Golden S.E.E.D.S. Foundation looks forward to continuing and expanding this initiative in the coming year, offering additional sessions each season and increasing outreach to support more first-time homeowners in Dallas and surrounding communities.
    Expenses $203,510 · revenue $1,873
  • Affordable housing refers to housing units that are affordable to those with a median household income or below, ensuring that residents do not spend more than 30% of their gross income on housing costs, including rent or mortgage payments and utilities. The primary goal of affordable housing projects is to prevent individuals and families from becoming cost-burdened, which can lead to financial instability and homelessness.
    Expenses $600,122 · revenue $65,879

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
32-0216688
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
Assets (IRS master file)
$196,622
Income (IRS master file)
$755,246

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

FormYear endedRevenueExpensesAssetsReturn
990December 2024$755,246$852,778$196,622XML
990December 2023$424,430$525,853$894,957XML
990December 2022$161,735$332,334$117,457IRS
990December 2021–––IRS
990-EZDecember 2020–––IRS
990-N for 2018
Officer: Libbie Terrell Lee
December 31, 2018≤ $50,000 receipts––e-Postcard

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 32-0216688).

Questions about THE GOLDEN SEEDS FOUNDATION

What is the EIN of THE GOLDEN SEEDS FOUNDATION?
The employer identification number (EIN) of THE GOLDEN SEEDS FOUNDATION is 32-0216688.
Is THE GOLDEN SEEDS FOUNDATION tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2012 and reinstated it effective May 15, 2012.
Are donations to THE GOLDEN SEEDS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE GOLDEN SEEDS 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 THE GOLDEN SEEDS 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 THE GOLDEN SEEDS 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 THE GOLDEN SEEDS FOUNDATION?
The 990 for the year ended December 31, 2024 names Libbie Lee.
Who are the officers and directors of THE GOLDEN SEEDS FOUNDATION?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does THE GOLDEN SEEDS FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $755,246, expenses of $852,778 and total assets of $196,622 at year end.

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