Southeast Effective Development ("seed") is a not-for-profit community Development corporation that invests in the future of Southeast seattle by facilitating social, economic, housing and cultural programs within the community. Founded in 1975, seed works to strengthen and revitalize the neighborhoods and business districts of Southeast seattle.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$149K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
1 of 5
filings with a surplus
Average deficit $612K a year · 6% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$149K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $178K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$39.0M
88% of total assets
Concern: liabilities are 88% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.6M
Spent
$4.8M
To programs
78%
Net assets
$5.3M
By yearFY2020–FY2024
Revenue
$4.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.6M
FY2021$4.6M
FY2022$7.3M
FY2023$15.8M
FY2024$15.9M
Expenses
$4.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.8M
FY2021$5.3M
FY2022$9.4M
FY2023$15.8M
FY2024$16.0M
Net assets
$5.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.3M
FY2021$4.8M
FY2022$2.2M
FY2023−$4.3M
FY2024−$4.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Sep 2001.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $3.7M Management & general 21% · $998K Fundraising 1% · $56K

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

11 people listed on the 990; $149K paid to officers and key staff.

Part VII, Section A · reportable compensation
Economic Director
$113,150Pt VII · Sec A
Executive Director
$35,902Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael Seiwerath’s $173K as Executive Director is at the 25th percentile of top reported officer pay among 572 $10–100M 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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael Seiwerath$173,024$165,857$155,543$139,820—
Kent'ae Van London$144,871$110,208———
Juhee Kang$132,959————
Joon Chang—$119,332$111,465$108,968—
Lance Randall———$39,208$113,150
Jorge Perez$96,192————
Lance Matteson————$35,902

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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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 15aYes

Programs and updates

Invests in Southeast Seattle through social, economic, housing, and cultural programs.

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Provided by the organization

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2 programs · $3.7M · in their own filed words · FY2020
01

Affordable Housing

Seed's affordable housing program was initiated in 1986 as part of a comprehensive approach to community revitalization in south east seattle. Since then, seed has redeveloped and constructed over 1000 units of multi-family utilizing federal housing tax credits. State tax-exempt bonds and other PUBLIC/PRIVATE partnerships.

$3.2Mprogram expense
02

Arts Program

Seed's art program works with artists, youth and community residents to create opportunities for people to make a difference in their neighborhoods. With broad community support, seed has developed cultural facilities in the visual and performing arts that serve as gathering spaces for people of all CULTURES.SEED partners with schools…

$511Kprogram 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 · FY2024
ArtsfundFY2024$30K
Total grants receivedfrom 6 funders$178K
See all 6 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.6M
Ln 12
Fees for servicesLn 2g$3.1M
Gifts and grantsLn 1h$984K
Other incomeLn 4–11$374K
Money outPt IX
$4.8M
Ln 25
Programscol B$3.7M
Managementcol C$998K
Fundraisingcol D$56K
Owns and owesPt X
$5.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$44.3M
LiabilitiesLn 26$39.0M
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$984K
Government grantsLn 1e$850K
Fees for servicesLn 2g$3.1M
Investment incomeLn 3$114K
Other incomeLn 4–11$374K
Gains on assetsLn 7−$2K
Total revenueLn 12$4.6M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$23.6M
Other assetsLn 15$4.7M
Total assetsLn 16$44.3M
LiabilitiesLn 26$39.0M
Net assetsLn 32$5.3M
OperationsPt I, VI
EmployeesI 512
VolunteersI 660
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 FY20End FY20
Cash and savingsLn 1–2$1.4M$1.6M
InvestmentsLn 11–13$1.2M$1.2M
Land, buildings, equipmentLn 10c$24.5M$23.6M
Total assetsLn 16$40.8M$44.3M
LiabilitiesLn 26$39.3M$39.0M
Net assetsLn 32$1.5M$5.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$149K$109K$38K$2K
Other salaries and wagesLn 7$860K$626K$220K$13K
Pension plan contributionsLn 8$61$44$16$1
Other employee benefitsLn 9$94K$69K$24K$1K
Payroll taxesLn 10$99K$72K$25K$1K
Management feesLn 11a$187K$137K$48K$3K
Legal feesLn 11b$675$492$173$10
Accounting feesLn 11c$151K$110K$39K$2K
Other fees for servicesLn 11g$174K$126K$45K$3K
Advertising and promotionLn 12$10K$7K$3K$146
Office expensesLn 13$111K$81K$29K$2K
Information technologyLn 14$63K$46K$16K$929
OccupancyLn 16$1.1M$770K$271K$16K
TravelLn 17$9K$7K$2K$135
Conferences, conventions and meetingsLn 19$4K$3K$964$55
InterestLn 20$525K$383K$135K$8K
Depreciation, depletion and amortizationLn 22$962K$947K$15K
InsuranceLn 23$129K$94K$33K$2K
Other expenses (24a–d)Ln 24$208K$152K$53K$3K
Total functional expensesLn 25$4.8M$3.7M$998K$56K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $15.9M$16.0M−$164K−$4.5M 990 PDF
FY2023 $15.8M$15.8M$66K−$4.3M 990 PDF
FY2022 $7.3M$9.4M−$2.0M$2.2M 990 PDF
FY2021 $4.6M$5.3M−$708K$4.8M 990 PDF
FY2020 Viewing $4.6M$4.8M−$236K$5.3M 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 FY2020 990 (6 parts)
Part I · Summary $4,556,597 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $722,821$983,855
I-9 Program service revenuePrior year $2,725,373$3,084,868
I-10 Investment incomePrior year $233,318$114,197
I-11 Other revenuePrior year $54,514$373,677
I-12 Total revenuePrior year $3,736,026$4,556,597
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,312,419$1,201,680
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,990,208$3,591,044
I-18 Total expensesPrior year $5,302,627$4,792,724
I-19 Revenue less expensesPrior year −$1,566,601−$236,127
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,556,597 across 9 lines filed
Lines not itemized here account for $25,891 of total revenue; see the IRS return.
VIII-1e Government grants$850,412
VIII-1f All other contributions, gifts and grants$133,443
VIII-1h Total contributions, gifts and grants$983,855
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,084,868$3,084,868
VIII-3 Investment incomeExcluded from tax $116,384$116,384
VIII-6 Net rental income or lossUnrelated business −$62,612−$62,612
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$2,187−$2,187
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $410,398$410,398
VIII-12 Total revenueRelated to mission $3,521,157 · Unrelated business −$62,612 · Excluded from tax $114,197$4,556,597
Part IX · Statement of functional expenses $4,792,724 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $108,629 · Management $38,232 · Fundraising $2,191$149,052
IX-7 Other salaries and wagesPrograms $626,425 · Management $220,469 · Fundraising $12,635$859,529
IX-8 Pension plan contributionsPrograms $44 · Management $16 · Fundraising $1$61
IX-9 Other employee benefitsPrograms $68,857 · Management $24,234 · Fundraising $1,389$94,480
IX-10 Payroll taxesPrograms $71,829 · Management $25,280 · Fundraising $1,449$98,558
IX-11a Management feesPrograms $136,629 · Management $48,087 · Fundraising $2,756$187,472
IX-11b Legal feesPrograms $492 · Management $173 · Fundraising $10$675
IX-11c Accounting feesPrograms $109,761 · Management $38,630 · Fundraising $2,214$150,605
IX-11g Other fees for servicesPrograms $126,485 · Management $44,516 · Fundraising $2,551$173,552
IX-12 Advertising and promotionPrograms $7,261 · Management $2,556 · Fundraising $146$9,963
IX-13 Office expensesPrograms $81,147 · Management $28,559 · Fundraising $1,637$111,343
IX-14 Information technologyPrograms $46,047 · Management $16,206 · Fundraising $929$63,182
IX-16 OccupancyPrograms $770,185 · Management $271,065 · Fundraising $15,535$1,056,785
IX-17 TravelPrograms $6,706 · Management $2,360 · Fundraising $135$9,201
IX-19 Conferences, conventions and meetingsPrograms $2,739 · Management $964 · Fundraising $55$3,758
IX-20 InterestPrograms $382,980 · Management $134,789 · Fundraising $7,725$525,494
IX-22 Depreciation, depletion and amortizationPrograms $946,558 · Management $15,489$962,047
IX-23 InsurancePrograms $93,817 · Management $33,018 · Fundraising $1,892$128,727
IX-24 Other expenses (24a–d)Programs $151,766 · Management $53,413 · Fundraising $3,061$208,240
IX-25 Total functional expensesPrograms $3,738,357 · Management $998,056 · Fundraising $56,311$4,792,724
Part X · Balance sheet $44,281,823 assets, 16 lines filed
Asset lines not itemized here account for $10,485,398; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,359,782$1,644,034
X-2 Savings and temporary cash investments$0
X-4 Accounts receivableStart of year $471,745$2,585,630
X-9 Prepaid expenses and deferred chargesStart of year $111,250$55,814
X-10c Land, buildings and equipment, netStart of year $24,505,849$23,645,133
X-13 Program-related investmentsStart of year $1,189,974$1,181,309
X-15 Other assetsStart of year $3,475,742$4,684,505
X-16 Total assetsStart of year $40,795,912$44,281,823
X-17 Accounts payable and accrued expensesStart of year $2,403,390$1,723,473
X-19 Deferred revenueStart of year $14,489$32,907
X-24 Unsecured notes and loans payable$250,000
X-25 Other liabilitiesStart of year $937,693$208,386
X-26 Total liabilitiesStart of year $39,301,054$38,961,970
X-27 Net assets without donor restrictionsStart of year $1,494,858$5,319,853
X-32 Total net assets or fund balancesStart of year $1,494,858$5,319,853
X-33 Total liabilities and net assetsStart of year $40,795,912$44,281,823
Part XI · Reconciliation of net assets $5,319,853 net assets at year end
XI-1 Total revenue$4,556,597
XI-2 Total expenses$4,792,724
XI-3 Revenue less expenses−$236,127
XI-4 Net assets at start of year$1,494,858
XI-8 Prior period adjustments$4,061,122
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,319,853

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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