Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
69 cents of each dollar spent went to programs.
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
5 people listed on the 990; $63K paid to officers and key staff.
Regeanie Corona’s $67K as President/CEO is at the 44th percentile of top reported officer pay among 1708 $100K–1M 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 · 3 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Regeanie Corona | $67,120 | $60,738 | $16,397 | $4,100 | $3,650 | $2,600 |
| Jeanette Mandy | $61,129 | $2,550 | — | — | — | — |
| Helen Acevez | — | — | $7,250 | — | — | — |
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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Empowers young adults and minority entrepreneurs with training, coaching, and financial literacy.
Questions for Advancing the Seed INC
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Activate Purpose
Activate purpose is an entrepreneurship program that empowers young adults and reentry founders, as well as delivering technical assistance to diverse small businesses, and connecting them all to essential software grants and seed capital to fuel growth and economic mobility.
Events
We provided multiple events with workshops helping nonprofits, small businesses, and young adults in marginalized communities build capacity, career skills, and wellness.
Nonprofit Consulting
Our nonprofit consulting program equips emerging and small-capacity organizations with the strategic guidance, tools, and coaching needed to build sustainable infrastructure, increase funding capacity, and amplify community impact.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $18K | $34K |
| Total assetsLn 16 | $19K | $36K |
| LiabilitiesLn 26 | $51K | $64K |
| Net assetsLn 32 | −$32K | −$29K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $3K | $3K | ||
| Pay of current officers, directors and key staffLn 5 | $63K | $47K | $11K | $5K |
| Other salaries and wagesLn 7 | $42K | $40K | $3K | |
| Payroll taxesLn 10 | $7K | $6K | $403 | |
| Accounting feesLn 11c | $14K | $14K | ||
| Other fees for servicesLn 11g | $100K | $52K | $31K | $17K |
| Advertising and promotionLn 12 | $23K | $15K | $7K | |
| Office expensesLn 13 | $63K | $55K | $8K | $319 |
| Information technologyLn 14 | $35K | $33K | $2K | |
| OccupancyLn 16 | $17K | $7K | $9K | |
| TravelLn 17 | $17K | $14K | $2K | |
| InterestLn 20 | $2K | $2K | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $20K | $9K | $9K | $2K |
| All other expensesLn 24e | $3K | $1K | $2K | |
| Total functional expensesLn 25 | $411K | $283K | $104K | $24K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $437K | $449K | −$13K | −$37K | 990 PDF |
| FY2024 Viewing | $419K | $411K | $8K | −$29K | 990 PDF |
| FY2023 | $128K | −$32K | 990 PDF | ||
| FY2022 | $49K | −$36K | 990 PDF | ||
| FY2021 | $101K | $21K | 990 PDF | ||
| FY2020 | $60K | $19K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $418,755 revenue, 12 lines filed
Part VI · Governance 3 of 5 board members independent, 5 to look at
Part VIII · Statement of revenue $418,755 across 10 lines filed
Part IX · Statement of functional expenses $411,148 across 15 lines filed
Part X · Balance sheet $35,521 assets, 10 lines filed
Part XI · Reconciliation of net assets −$28,920 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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