philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Seed Syracuse INC

Tax-deductible

Syracuse, NY501(c)(3)Community DevelopmentEIN 88-3376759

To develop distressed commercial properties in marginalized neighborhoods and attract, grow and create businesses in these properties.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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 2
filings with a surplus
Average surplus $4.9M a year · 92% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $382K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$952K
-90% vs prior year
Spent
$498K
To programs
92%
Net assets
$9.7M
By yearFY2023–FY2024
Revenue
$952K
FY2024▼ -90%
Revenue by fiscal year
FY2023$9.7M
FY2024$952K
Expenses
$498K
FY2024▲ +31%
Expenses by fiscal year
FY2023$379K
FY2024$498K
Net assets
$9.7M
FY2024▲ +4%
Net assets by fiscal year
FY2023$9.3M
FY2024$9.7M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

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

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $461K Management & general 8% · $37K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Mark Allyn
Director
$0Pt VII · Sec A
Julia Allyn
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Stephanie Pasquale
Vice President
$0Pt VII · Sec A
See Seed Syracuse INC executive salaries →

Are you one of these people? Claim this org to confirm your role

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

Programs and updates

Revitalizes struggling commercial properties in underserved areas, fostering business growth and creation.

Provided by the organization

This section is blank until Seed Syracuse INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $461K of program spending, described in the organization's own filed words · FY2024.
01

Development of distressed properties in marginalized neighborhoods that attracts, grows, and creates businesses that are community owned and operated.

$461Kprogram expense

Run this program? Claim this org to tell your story

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 · FY2024
Syracuse Urban Partnership INCFY2024$212K
Allyn Foundation INCFY2024$170K
Total grants receivedfrom 2 funders$382K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$952K
Ln 12
Other incomeLn 4–11$535K
Gifts and grantsLn 1h$417K
Money outPt IX
$498K
Ln 25
Programscol B$461K
Managementcol C$37K
Owns and owesPt X
$9.7M
net assets · Ln 32
Cash and savingsLn 1–2$218K
Total assetsLn 16$11.0M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$417K
Other incomeLn 4–11$535K
Total revenueLn 12$952K
Assets in detailPt X, end of year
CashLn 1$218K
SavingsLn 2$0
Cash and savings togetherLn 1–2$218K
InvestmentsLn 11–13$9.1M
Land, buildings, equipmentLn 10c$413K
Other assetsLn 15$1.3M
Total assetsLn 16$11.0M
LiabilitiesLn 26$1.3M
Net assetsLn 32$9.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$731K$218K
InvestmentsLn 11–13$0$9.1M
Land, buildings, equipmentLn 10c$8.6M$413K
Total assetsLn 16$9.4M$11.0M
LiabilitiesLn 26$87K$1.3M
Net assetsLn 32$9.3M$9.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$62K$47K$15K
Legal feesLn 11b$32K$27K$6K
Accounting feesLn 11c$38K$26K$12K
Office expensesLn 13$997$957$40
Depreciation, depletion and amortizationLn 22$63K$63K
InsuranceLn 23$24K$23K$1K
Other expenses (24a–d)Ln 24$271K$270K$1K
All other expensesLn 24e$6K$5K$1K
Total functional expensesLn 25$498K$461K$37K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $952K$498K$454K$9.7M 990 PDF
FY2023 $9.7M$379K$9.3M$9.3M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $952,348 across 5 lines filed
VIII-1f All other contributions, gifts and grants$416,929
VIII-1h Total contributions, gifts and grants$416,929
VIII-6 Net rental income or lossRelated to mission $354,062$354,062
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $181,357$181,357
VIII-12 Total revenueRelated to mission $535,419 · Unrelated business $0 · Excluded from tax $0$952,348
Part IX · Statement of functional expenses $498,499 across 8 lines filed
IX-11a Management feesPrograms $46,704 · Management $15,235$61,939
IX-11b Legal feesPrograms $26,674 · Management $5,641$32,315
IX-11c Accounting feesPrograms $26,011 · Management $12,440$38,451
IX-13 Office expensesPrograms $957 · Management $40$997
IX-22 Depreciation, depletion and amortizationPrograms $63,345$63,345
IX-23 InsurancePrograms $22,846 · Management $1,487$24,333
IX-24 Other expenses (24a–d)Programs $269,833 · Management $1,295$271,128
IX-24e All other expensesPrograms $4,661 · Management $1,330$5,991
IX-25 Total functional expensesPrograms $461,031 · Management $37,468 · Fundraising $0$498,499
Part X · Balance sheet $10,995,161 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $573,285$218,212
X-2 Savings and temporary cash investmentsStart of year $157,876$0
X-4 Accounts receivableStart of year $61,622$0
X-10c Land, buildings and equipment, netStart of year $8,594,528$413,398
X-12 Other securitiesStart of year $0$9,086,840
X-15 Other assetsStart of year $36,418$1,276,711
X-16 Total assetsStart of year $9,423,729$10,995,161
X-17 Accounts payable and accrued expensesStart of year $87,126$50,175
X-25 Other liabilitiesStart of year $0$1,255,295
X-26 Total liabilitiesStart of year $87,126$1,305,470
X-27 Net assets without donor restrictionsStart of year $9,336,603$9,689,691
X-32 Total net assets or fund balancesStart of year $9,336,603$9,689,691
X-33 Total liabilities and net assetsStart of year $9,423,729$10,995,161
Part XI · Reconciliation of net assets $9,689,691 net assets at year end
XI-1 Total revenue$952,348
XI-2 Total expenses$498,499
XI-3 Revenue less expenses$453,849
XI-4 Net assets at start of year$9,336,603
XI-9 Other changes in net assets−$100,761
XI-10 Net assets at end of year$9,689,691

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.