Seec Corporation EIN 52-1557285 Form 990 (PDF) Claim this org

Seec Corporation

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Supports adults with disabilities to direct their lives through employment, recreation, and housing services. For fiscal year 2024 it reported $21.6M in revenue, $21.6M in expenses, and $12.8M in net assets.Pt I

Founded
1987
Type
Public charity (501(c)(3)) · Employment
Location
Silver Spring, MD
Website
www.seeconline.org
Filings
5 on file (2020–2024)
Revenue
$21.6MFY2024
Expenses
$21.6M
Net assets
$12.8M
People
23
Filings
5
Updates
0
More identity details & actions ⌄
EIN  52-1557285 Public charity (501(c)(3)) Silver Spring, MD Founded 1987
Form 990 (PDF)
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Figures match the IRS filing checked 8/10/26 · see original: IRS
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Size
$10–100M
What they do
Supports adults with disabilities to direct their lives through employment, recreation, and housing services.
Leadership
Karen J Lee · CEO · $206K
Money in and out
$21.6M revenue, $21.6M expenses
Bottom line
88% program efficiency
Where the money goes · FY2024
Total revenue
$21.6M
Pt VIII · Ln 12
Total expenses
$21.6M
Pt IX · Ln 25
Net assets
$12.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $45K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.11 Fundraising $0.01
Program efficiency
88%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
5.5mo
months of highly liquid reserves at operating expense rate▼ -5% vs prior filing year
Surplus margin
+0.2%
revenue over expenses, this year▲ +110% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$21.6M
FY2024▲ +9%
Expenses
$21.6M
FY2024▲ +6%
Total assets
$20.1M
FY2024▼ -2%
Total liabilities
$7.3M
FY2024▼ -9%
Total revenue
$21.6M
Pt VIII · Ln 12
Total expenses
$21.6M
Pt IX · Ln 25
Net assets
$12.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$45K
Total assetsPt X · Ln 16$20.1M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

3 program services account for $16.8M of program spending, described in the organization's own filed words · FY2024.
01

Supported Living

Provides approximately 30 individuals with the support they need to live in the community in homes of their own. As well, supports are provided to approximately 15 people living in their family homes to gain or maintain skills to best manage their home and community connections.

$9.4Mprogram expense
02

Community Engagement

Provides supports to people in community-based settings that help to develop and maintain experiences and skills that support and enhance each person's independence in participation and membership in the same community events and activities as those that do not have developmental disabilities.

$5.1Mprogram expense
03

Employment Services

Provides a variety of job development and job coaching supports to approximately 100 people who work at least 15 hours a week at prevailing wage and benefits in a variety of industries, businesses and positions based on the person's skills and interests.

$2.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSeec Corporation
EINHdr · item D52-1557285
Principal addressHdr · item CSilver Spring, MD
WebsiteHdr · item Jwww.seeconline.org
Year of formationHdr · item L1987
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J30Z)
Ruling yearIRS BMFMay 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
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
$205,844Pt VII · Sec A
Chief Financial Officer
$166,858Pt VII · Sec A
Dir of Information & Tech
$158,564Pt VII · Sec A
Director of Services
$142,624Pt VII · Sec A
Director of Partnerships
$135,981Pt VII · Sec A
Director of Knowledge Mgmt
$133,958Pt VII · Sec A
Dir of Communication & Dev
$131,537Pt VII · Sec A
$0Pt VII · Sec A

Karen J Lee’s $206K as CEO is at the 38th percentile of top reported officer pay among 415 $10–100M employment 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Karen J Lee$205,844$240,947$223,031$179,671$178,246$157,641
Stephanie Snyder$166,858$160,734$137,670
Djibril Kamara$158,564$166,704$135,730$129,402
Stephen Blanks$135,981$151,656$108,297$105,134
Sherry Beamer$142,624$137,077$128,761$109,802
Bonny P Roy$134,152$132,859$127,233
Jessica Neely$133,958$129,597$121,587
Katy Barrett$131,537$129,039$116,280

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
Program service revenue$19.4M · 90%
Contributions & grants$1.8M · 8%
Investment income$317K · 1%
Program service revenue90%$19.4M
Contributions & grants8%$1.8M
Investment income1%$317K
Other revenue$58K
— government grantsLn 1e$1.1M
Total revenueLn 12$21.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.11 Fundraising $0.01
Program services88%$18.9M
Management & general11%$2.4M
Fundraising1%$218K
Total functional expensesLn 25$21.6M

Balance Sheet

Part X · end of year
CashLn 1$3.6M
Total assetsLn 16$20.1M
Total liabilitiesLn 26$7.3M
Total net assetsLn 32$12.8M
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9.9M · Operating expenses (Pt IX) $21.6M · Less non-cash grants $26K · Cash operating expenses/yr $21.5M
5.5 months
Where the money goes
Program services
Program services $18.9M · Total expenses $21.6M
88%
Management & General
Management & general $2.4M · Total expenses $21.6M
11%
Fundraising
Fundraising $218K · Total expenses $21.6M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $256K · Solicited contributions (3-yr avg) $618K
$0.41 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.8M · Total revenue $21.6M
8%
Government reliance
Government grants $1.1M · Total revenue $21.6M
5%
Earned-income share
Program service revenue $19.4M · Total revenue $21.6M
90%
Investment reliance
Investment income $317K · Total revenue $21.6M
+1%
Program self-sufficiency
Program service revenue $19.4M · Total expenses $21.6M
90%
Growth & trend
Revenue growth (YoY)
This year $21.6M · Prior year $19.8M
+9%
Revenue CAGR
FY2019 $13.2M · FY2024 $21.6M
+10%
Net-asset trend (YoY)
End of year $12.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $21.6M · Expenses $21.6M
+0.2%
Liabilities-to-Assets
Total liabilities — · Total assets $20.1M
Net-asset ratio
Net assets $12.8M · Total assets $20.1M
64%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $6.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $20.1M
32%
People & payroll
Highest Reported Total Compensation
Individual Karen J Lee · Reported title CEO · Highest reported compensation $206K · Total expenses $21.6M
1.0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $18.2M · Total expenses $21.6M
84%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 11%
Fundraising cost ratio 12%
Revenue growth 9%

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 · funders on record
Grants received · FY2024
See all 12 funders →

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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$19.8M revenue · ⤓ 990 PDF
FY2023$25.3M revenue · ⤓ 990 PDF
FY2022$16.3M revenue · ⤓ 990 PDF
FY2021$16.1M revenue · ⤓ 990 PDF
FY2020$13.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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