Nonprofit · EIN 93-2667006
SYNERGIES SEED FUND INC
Tax-exempt · SANDY SPRINGS, GA 30328
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $301,090 | $54,705 | $246,385 | $252,485 | $6,100 | $246,385 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $301,090
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $10,000
- Salaries, compensation and benefits (total)
- $10,000
- Professional fundraising fees
- $0
- Program services (functional)
- $52,500
- Management and general (functional)
- $1,404
- Fundraising (functional)
- $801
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $252,485
- Total liabilities, end of year
- $6,100
- Net assets, end of year
- $246,385
- Net assets without donor restrictions
- $86,385
- Net assets with donor restrictions
- $160,000
- Gross receipts
- $301,090
- Employees
- 0
- Year formed
- 2023
- State of legal domicile
- GA
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 |
|---|---|---|---|
| AARTI SAHGAL | Executive Dir. Trustee or director, Officer | 40 | $10,000 |
| LISA ASHBY | Director Trustee or director, Officer | 2 | $0 |
| KENJI KURAMOTO | Director Trustee or director, Officer | 2 | $0 |
| MICHAEL ABRAHAM | Director Trustee or director, Officer | 2 | $0 |
| HON JOHNNY R MASON JR | Director Trustee or director, Officer | 2 | $0 |
| RUBY MOORE | Director Trustee or director, Officer | 2 | $0 |
| AMIT SAHGAL | Director Trustee or director, Officer | 2 | $0 |
| BRYAN CLAGETT | Director Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 7050 WYCOMBE RD, SANDY SPRINGS, GA 30328-2653
- Mailing address (990-N for 2023)
- 7050 Wycombe Road, Atlanta GA 303282653
- Principal officer (990 for 2024)
- AARTI SAHGAL, 1 W COURT SQ, DECATUR, GA 300302538
- Principal officer (990-N for 2023)
- Aarti Sahgal, 7050 Wycombe Rd, Atlanta GA 303282653
- Signed the 990
- AARTI SAHGAL, Executive Director
- Phone
- (404) 259-5599
- Website
- www.synergieswork.org
- Return prepared by
- Sorren Inc
Mission
Synergies Seed Fund exists to unlock capital and opportunity for entrepreneurs with disabilities - empowering them to build and grow successful businesses. Our goal is to become the leading nonprofit lender for disability-led businesses, redefining financial inclusion through accessible, community-based lending.
Program accomplishments
- In 2024, Synergies Seed Fund established the foundational framework needed to become the first CDFI in the country intentionally designed to close the disability wealth gap through entrepreneurship. Over this first year of organizational build-out, SSF designed and implemented core lending policies, underwriting standards, loan governance structures, and accessibility procedures required for compliant and equitable lending. We also launched Financial Fundamentals - a first-of-its-kind financial education micro-learning platform built by and for entrepreneurs with disabilities.Expenses $52,500
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-N on file |
IRS record
- EIN
- 93-2667006
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J02)
- Assets (IRS master file)
- $252,485
- Income (IRS master file)
- $301,090
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $301,090 | $54,705 | $252,485 | XML |
| 990-N for 2023 Officer: Aarti Sahgal | December 31, 2023 | ≤ $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 93-2667006).
Questions about SYNERGIES SEED FUND INC
- What is the EIN of SYNERGIES SEED FUND INC?
- The employer identification number (EIN) of SYNERGIES SEED FUND INC is 93-2667006.
- Is SYNERGIES SEED FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to SYNERGIES SEED FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SYNERGIES SEED FUND 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 SYNERGIES SEED FUND 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 SYNERGIES SEED FUND INC 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 SYNERGIES SEED FUND INC?
- The 990 for the year ended December 31, 2024 names AARTI SAHGAL.
- Who are the officers and directors of SYNERGIES SEED FUND INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $10,000 (AARTI SAHGAL, Executive Dir.).
- How much revenue does SYNERGIES SEED FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $301,090, expenses of $54,705 and total assets of $252,485 at year end.
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