Small Enterprise Assistance Funds

Tax-deductible

Washington, DC501(c)(3)Since 1989Community DevelopmentEIN 13-3535334Revenue $8.5M in FY2024

On file with the IRSseafweb.org1500 K St Nw Ste 375, 20005-1209 · Washington, DCTax-exempt since Aug 1990Publicly supported charity — 170(b)(1)(A)(vi)

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Seaf is primarily engaged as a fund manager to support the promotion and development of Small and medium-size businesses in developing countries.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
Run by 2 volunteers and 27 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $1.1M a year · 11% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$901K
to officers and key staff · 9% of spending
Top officer’s pay higher than 88% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$34.6M
88% of total assets
Concern: liabilities are 88% of assets; over 80%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.5M
+0.2% vs prior year
Spent
$9.8M
To programs
61%
Net assets
$4.6M
By yearFY2020–FY2024
Revenue
$8.5M
FY2024+0.2%
Tap a bar for its year
Revenue by fiscal year
FY2020$16.8M
FY2021$7.4M
FY2022$9.2M
FY2023$8.5M
FY2024$8.5M
Expenses
$9.8M
FY2024▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$14.2M
FY2021$12.3M
FY2022$9.9M
FY2023$9.7M
FY2024$9.8M
Net assets
$4.6M
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.2M
FY2021$6.8M
FY2022$5.0M
FY2023$4.2M
FY2024$4.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1990.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $6.0M Management & general 39% · $3.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $901K paid to officers and key staff.

Part VII, Section A · reportable compensation
$323,930Pt VII · Sec A
$211,833Pt VII · Sec A
Ceed Global Director
$210,332Pt VII · Sec A
Managing Director
$155,257Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Hubertus Van Der Vaart’s $324K as President is at the 88th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
Hubertus Van Der Vaart$323,930$323,930$322,033$334,009
Agnes Dasewicz——$328,396—
Donald Lubreski———$269,867
Robert Webster———$253,636
Don Lubreski——$225,785—
David Mathewson———$225,676
Peter Righi$210,332$210,332$200,898$218,437
Robert Vodicka$211,833$210,000——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Programs and updates

Manages investment funds to support the growth and development of small and medium-sized businesses in emerging and developing markets.

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Provided by the organization

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3 programs · $6.0M · in their own filed words · FY2024
01

The small enterprise assistance funds on september 1ST, 2015 entered into a cooperative agreement for $3,898,099 with the united states agency for international development to establish an investment management company (im) to support the start- up investment ecosystem in morocco.

$6.0Mprogram expense
02

Tanzania

On september 29, 2014, seaf signed an agreement with usda for the food for progress grant, focused on the country of tanzania. Seaf received funds through CCC and monetization proceeds. During 2015, seaf monetized the first 12,000 MT of wheat. During 2016, seaf monetized 11,000 MT of wheat.

Pt IX · col B
03

Colombia Agribusiness

The small enterprise assistance funds on march 19TH, 2015 was awarded a $2,795,500 from the united states agency for international development colombia mission to establish an agribusiness fund with the goal of realizing sustainable impact through investment and development activities.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$8.5M
Ln 12
Gifts and grantsLn 1h$5.4M
Other incomeLn 4–11$3.1M
Money outPt IX
$9.8M
Ln 25
Programscol B$6.0M
Managementcol C$3.8M
Owns and owesPt X
$4.6M
net assets · Ln 32
Total assetsLn 16$39.2M
LiabilitiesLn 26$34.6M
PeoplePt VI, VII
14
listed · VII A
PaidVII A4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.4M
Other incomeLn 4–11$3.1M
Total revenueLn 12$8.5M
Assets in detailPt X, end of year
Total assetsLn 16$39.2M
LiabilitiesLn 26$34.6M
Net assetsLn 32$4.6M
OperationsPt I, VI
EmployeesI 527
VolunteersI 62
Fiscal year endsHeaderDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $8.5M$9.8M−$1.3M$4.6M 990 PDF
FY2023 $8.5M$9.7M−$1.2M$4.2M 990 PDF
FY2022 $9.2M$9.9M−$675K$5.0M 990 PDF
FY2021 $7.4M$12.3M−$5.0M$6.8M 990 PDF
FY2020 $16.8M$14.2M$2.6M$10.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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