S E E D Ministries INC EIN 74-2623912 Form 990 (PDF) Claim this org

S E E D Ministries INC FY2022 filing

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S E E D Ministries INC is a religious organization based in Big Lake, MN. For fiscal year 2022 it reported $229K in revenue, $238K in expenses, and $347K in net assets.Pt I

Type
Religious organization · Religion
Location
Big Lake, MN
Filings
6 on file (2020–2022)
Revenue
$229KFY2022
Expenses
$238K
Net assets
$347K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  74-2623912 Religious organization Big Lake, MN
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
a religious organization
Leadership
Franz Clotaire · Field Director · $13K
Money in and out
$229K revenue, $238K expenses
Bottom line
93% program efficiency
Where the money goes · FY2022
Total revenue
$229K
Pt VIII · Ln 12
Total expenses
$238K
Pt IX · Ln 25
Net assets
$347K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$9K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Program efficiency
93%
of spending reaches programs
Operating runway
3.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$229K
FY2022▼ -24%
Expenses
$238K
FY2022▼ -16%
Total assets
$347K
FY2022▼ -3%
Total liabilities
$0
FY2022
Total revenue
$229K
Pt VIII · Ln 12
Total expenses
$238K
Pt IX · Ln 25
Net assets
$347K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$9K
Total assetsPt X · Ln 16$347K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CS E E D Ministries INC
EINHdr · item D74-2623912
Principal addressHdr · item CBig Lake, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X21Z)
Ruling yearIRS BMFJun 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Field Director
$13,200Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Frantz Clotaire’s $29K as Field Director is at the 28th percentile of top reported officer pay among 2136 $100K–1M religion 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Frantz Clotaire$28,937
Franz Clotaire$13,200$13,200$13,200$13,200$13,200

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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Mission & Programs · Part III

Where the work happens

1 program service account for $220K of program spending, described in the organization's own filed words · FY2022.
01

Spreading the gospel of jesus christ through evangelism and education to the people of haiti. Students are taught the bible and its principles for living the christian life. Students are taught how to grow food and crops. They are then encouraged to go out into the country and teach these principles to others.

$220Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$229K
Total revenueLn 12$229K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$220K
Management & general7%$18K
Total functional expensesLn 25$238K

Balance Sheet

Part X · end of year
CashLn 1$63K
Total assetsLn 16$347K
Total liabilitiesLn 26$0
Total net assetsLn 32$347K
Months of cash on handcomputed3.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $63K · Operating expenses/yr $238K
3.2 months
Where the money goes
Program services
Program services $220K · Total expenses $238K
93%
Management & General
Management & general $18K · Total expenses $238K
7%
Fundraising
Fundraising $0 · Total expenses $238K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $265K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $229K · Total revenue $229K
100%
Government reliance
Government grants — · Total revenue $229K
Earned-income share
Program service revenue $0 · Total revenue $229K
0%
Investment reliance
Investment income $0 · Total revenue $229K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $238K
0%
Growth & trend
Revenue growth (YoY)
This year $229K · Prior year $302K
-24%
Net-asset trend (YoY)
End of year $347K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $229K · Expenses $238K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $347K
Net-asset ratio
Net assets $347K · Total assets $347K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $347K
0%
People & payroll
Highest Reported Total Compensation
Individual Franz Clotaire · Reported title Field Director · Highest reported compensation $13K · Total expenses $238K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $13K · Total expenses $238K
6%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth -24%
Investment management fee ratio 0%
Legal fee ratio 3%
Accounting fee ratio 0.3%
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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$6K

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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
FY2025 (Latest)$160K revenue · ⤓ 990 PDF
FY2024$184K revenue · ⤓ 990 PDF
FY2023$162K revenue · ⤓ 990 PDF
FY2022$229K revenue · viewing · ⤓ 990 PDF
FY2021$302K revenue · ⤓ 990 PDF
FY2020$148K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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