Nonprofit · EIN 38-3653224
SEEDS OF PROMISE
Tax-exempt · GRAND RAPIDS, MI 49507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $69,186 | $90,825 | -$21,639 | $18,342 | $15,408 | $2,934 |
| December 31, 2023 | 990 | $130,684 | $243,202 | -$112,518 | $37,052 | $12,479 | $24,573 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $69,186
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $51,541
- Professional fees and payments to contractors
- $8,552
- Occupancy
- $10,657
- Other expenses
- $20,075
Balance sheet and other
- Total assets, start of year
- $37,052
- Total assets, end of year
- $18,342
- Total liabilities, end of year
- $15,408
- Net assets, end of year
- $2,934
- Cash, savings and investments
- $8,839
- Land and buildings
- $9,503
- Gross receipts
- $69,186
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD JIMMERSON | PRESIDENT | 40 | $0 |
| SHIRLEY CARTER | TREASURER | 1 | $0 |
| JUANITA DEAN | SECRETARY | 1 | $0 |
| REGENAIL THOMAS | EXECUTIVE DIRECTOR | 0 | $0 |
| DERRICK THOMAS | BOARD MEMBER | 1 | $0 |
| VICKI HARRIS | BOARD MEMBER | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REGENAIL THOMAS | EXECUTIVE DIRECTOR Officer | 40 | $65,000 |
| RONALD JIMMERSON | PRESIDENT Trustee or director, Officer | 40 | $39,400 |
| SHIRLEY CARTER | TREASURER Trustee or director, Officer | 1 | $0 |
| JUANITA DEAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| JANICE ROSTIC | DIRECTOR Trustee or director | 1 | $0 |
| RYAN GUMMERE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1168 MADISON AVE SE, GRAND RAPIDS, MI 49507-1280
- In care of
- % REGENAIL THOMAS
- Signed the 990-EZ
- REGENAIL THOMAS, DIRECTOR
- Return prepared by
- TIM BERGHUIS ACCOUNTANT
Mission
See Schedule 0
Program accomplishments
- SEE SCHEDULE O
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-3653224
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P40)
- Assets (IRS master file)
- $18,342
- Income (IRS master file)
- $69,186
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $69,186 | $90,825 | $18,342 | XML |
| 990 | December 2023 | $130,684 | $243,202 | $37,052 | XML |
| 990 | December 2022 | $296,352 | $239,591 | $153,688 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 38-3653224).
Questions about SEEDS OF PROMISE
- What is the EIN of SEEDS OF PROMISE?
- The employer identification number (EIN) of SEEDS OF PROMISE is 38-3653224.
- Is SEEDS OF PROMISE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to SEEDS OF PROMISE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SEEDS OF PROMISE 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 PROMISE 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 PROMISE last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of SEEDS OF PROMISE?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does SEEDS OF PROMISE have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $69,186, expenses of $90,825 and total assets of $18,342 at year end.
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