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Seed Spot EIN 45-4098436

Seed Spot FY2023 filing

EIN  45-4098436 Public charity (501(c)(3)) Phoenix, AZ Founded 2012
Form 990 (PDF)
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Size
$1–10M
What they do
Empowering diverse entrepreneurs through education, acceleration, and investment for greater impact.
Leadership
Zachary Leverenz · CEO · $205K
Money in and out
$1.5M revenue, $1.4M expenses
Bottom line
72% program efficiency

Empowering diverse entrepreneurs through education, acceleration, and investment for greater impact. For fiscal year 2023 it reported $1.5M in revenue, $1.4M in expenses, and $890K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$890K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $115K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.17 Fundraising $0.11
Program efficiency
72%
of spending reaches programs
Operating runway
7.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$1.5M
FY2023▼ -26%
Expenses
$1.4M
FY2023▼ -9%
Total assets
$993K
FY2023▼ -7%
Total liabilities
$102K
FY2023▼ -65%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$890K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$115K
Total assetsPt X · Ln 16$993K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $969K of program spending, described in the organization's own filed words · FY2022.
01

Entrepreneurs were supported through core programs such as 2DAY Launch Camps, Impact Accelerator Programs, STARTUP SPRING TRAINING , and individualized mentorship. Additionally, SEED SPOT has been able to partner with industry leaders to establish programs to reach entrepreneurs in health, equity and youth spaces.

$969Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSeed Spot
EINHdr · item D45-4098436
Principal addressHdr · item CPhoenix, AZ
WebsiteHdr · item Jseedspot.org
Year of formationHdr · item L2012
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S43)
Ruling yearIRS BMFMar 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$205,000Pt VII · Sec A
Lauren McDanell
VP of Strategy
$121,819Pt VII · Sec A
Tristan Gandolfi
VP of Programs
$105,583Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Rashad Moore
Director
$0Pt VII · Sec A
Brian Hill
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Zachary Leverenz’s $212K as Chief Executive Officer is at the 70th percentile of top reported officer pay among 2834 $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 · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Zachary Leverenz$212,005$202,736$205,000$166,875—
Lauren McDanell$132,167$123,528$121,819$109,167—
Tristan Gandolfi$124,833$109,083$105,583——
Corinn Perry————$124,688
Christopher Gresham————$87,371
Erin O'Shea———$14,823$14,360

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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Statement of Revenue

Part VIII
Contributions & grants$1.1M · 77%
Program service revenue$297K · 20%
Other revenue$40K · 3%
Contributions & grants77%$1.1M
Program service revenue20%$297K
Other revenue3%$40K
— government grantsLn 1e$100K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.17 Fundraising $0.11
Program services72%$969K
Management & general17%$237K
Fundraising11%$150K
Total functional expensesLn 25$1.4M

Balance Sheet

Part X · end of year
CashLn 1$708K
Total assetsLn 16$993K
Total liabilitiesLn 26$102K
Total net assetsLn 32$890K
Months of cash on handcomputed6.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $708K · Operating expenses (Pt IX) $1.4M · Less non-cash grants $178K · Cash operating expenses/yr $1.2M
7.2 months
Where the money goes
Program services
Program services $969K · Total expenses $1.4M
72%
Management & General
Management & general $237K · Total expenses $1.4M
17%
Fundraising
Fundraising $150K · Total expenses $1.4M
11%
Cost to raise $1
Fundraising expense (3-yr avg) $150K · Solicited contributions (3-yr avg) $958K
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $1.5M
77%
Government reliance
Government grants $100K · Total revenue $1.5M
7%
Earned-income share
Program service revenue $297K · Total revenue $1.5M
20%
Investment reliance
Investment income $0 · Total revenue $1.5M
0%
Program self-sufficiency
Program service revenue $297K · Total expenses $1.4M
22%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $2.0M
-26%
Net-asset trend (YoY)
End of year $890K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.4M
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $993K
—
Net-asset ratio
Net assets $890K · Total assets $993K
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $993K
0%
People & payroll
Highest Reported Total Compensation
Individual Zachary Leverenz · Reported title CEO · Highest reported compensation $205K · Total expenses $1.4M
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $689K · Total expenses $1.4M
51%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%——
Overhead ratio 17%——
Fundraising cost ratio 13%——
Revenue growth -26%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 4%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Mostyn Foundation INCFY2025$5K
Total grants receivedfrom 1 funder$5K
Grants paid · 11 grants · $260K · 2020–2024
Unitemized GrantFY2024$60,021
Unitemized GrantFY2023$69,500
Unitemized GrantFY2023$5,400
Unitemized GrantFY2022$41,500
Unitemized GrantFY2022$9,600
Unitemized GrantFY2021$43,500
Unitemized GrantFY2021$7,500
Unitemized GrantFY2021$5,000
Unitemized GrantFY2021$2,000
Unitemized GrantFY2021$936
Unitemized GrantFY2020$15,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$1.6M revenue · ⤓ 990 PDF
FY2023$1.5M revenue · viewing · ⤓ 990 PDF
FY2022$2.0M revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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