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Seedai INC FY2021 filing

Tax-deductible

Washington, DC501(c)(3)Science & Technology EIN 87-2823586Revenue $87K in FY2021

On file with the IRSseedai.org507 L St Nw Apt 3, 20001-4087 · Washington, DCTax-exempt since Jun 2022Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of Seedai, INC. Is to spur the creation of artificial intelligence ("ai") resources across the u.s. And build a more diverse ai workforce through research, policy, and coordination. The organization will support the creation of ai resource and training centers and the public-private partnerships that underpin them, working in parallel with federal governmental efforts.

501(c)(3) charity; gifts are tax-deductible.
2¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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
2 of 4
filings with a surplus
Average deficit $31K a year · 3% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
2%
of spending
Concern: 2% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
33 mo
of spending, in cash
Looks good: 33.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$87K
Spent
$15K
To programs
2%
Net assets
$73K
By yearFY2021–FY2024
Revenue
$87K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$87K
FY2022$203K
FY2023$1.5M
FY2024$2.6M
Expenses
$15K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$15K
FY2022$253K
FY2023$1.9M
FY2024$2.3M
Net assets
$73K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$73K
FY2022$23K
FY2023−$372K
FY2024−$123K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2022.

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

Where the money goes

2 cents of each dollar spent went to programs.

Program services 2% · $250 Management & general 98% · $14K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Austin Carson
President
$0Pt VII · Sec A
Jack Clark
Secretary
$0Pt VII · Sec A
Shannon Tews
Treasurer
$0Pt VII · Sec A

Austin Carson’s $190K as President/Ce is at the 55th percentile of top reported officer pay among 363 $1–10M science & technology 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 · 1 named individual · Part VII

NameFY2024FY2023
Austin Carson$190,000$5,833

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.

See Seedai INC executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Spurs AI resource creation and a diverse workforce through research, policy, and partnerships.

Questions for Seedai INC

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Provided by the organization

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1 program · $250 · in their own filed words · FY2021
01

Creating network, defining mission, establishing a website to share information, and creating detailed and actionable recommendations for policy-makers.

$250program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Logistics Management InstituteFY2025$15K
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$87K
Ln 12
Gifts and grantsLn 1h$70K
Other incomeLn 4–11$17K
Money outPt IX
$15K
Ln 25
Programscol B$250
Managementcol C$14K
Owns and owesPt X
$73K
net assets · Ln 32
Cash and savingsLn 1–2$40K
Total assetsLn 16$73K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$70K
Other incomeLn 4–11$17K
Total revenueLn 12$87K
Assets in detailPt X, end of year
CashLn 1$40K
Cash and savings togetherLn 1–2$40K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$73K
LiabilitiesLn 26$0
Net assetsLn 32$73K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$40K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$0$73K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$73K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$13K$13K
Accounting feesLn 11c$1K$1K
Office expensesLn 13$51$51
Depreciation, depletion and amortizationLn 22$250$250
Other expenses (24a–d)Ln 24$2$2
Total functional expensesLn 25$15K$250$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.6M$2.3M$249K−$123K 990 PDF
FY2023 $1.5M$1.9M−$395K−$372K 990 PDF
FY2022 $203K$253K−$50K$23K 990 PDF
FY2021 Viewing $87K$15K$73K$73K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $87,380 revenue, 12 lines filed
I-8 Contributions and grants$70,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$17,380
I-12 Total revenue$87,380
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$14,717
I-18 Total expenses$14,717
I-19 Revenue less expenses$72,663
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $87,380 across 4 lines filed
VIII-1f All other contributions, gifts and grants$70,000
VIII-1h Total contributions, gifts and grants$70,000
VIII-8 Net income from fundraising events$17,380
VIII-12 Total revenue$87,380
Part IX · Statement of functional expenses $14,717 across 5 lines filed
IX-11b Legal feesManagement $13,127$13,127
IX-11c Accounting feesManagement $1,287$1,287
IX-13 Office expensesManagement $51$51
IX-22 Depreciation, depletion and amortizationPrograms $250$250
IX-24 Other expenses (24a–d)Management $2$2
IX-25 Total functional expensesPrograms $250 · Management $14,467 · Fundraising $0$14,717
Part X · Balance sheet $72,663 assets, 8 lines filed
X-1 Cash, non-interest-bearing$40,413
X-4 Accounts receivable$25,000
X-10c Land, buildings and equipment, net$7,250
X-16 Total assetsStart of year $0$72,663
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$72,663
X-32 Total net assets or fund balancesStart of year $0$72,663
X-33 Total liabilities and net assetsStart of year $0$72,663
Part XI · Reconciliation of net assets $72,663 net assets at year end
XI-1 Total revenue$87,380
XI-2 Total expenses$14,717
XI-3 Revenue less expenses$72,663
XI-10 Net assets at end of year$72,663

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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