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
96 cents of each dollar spent went to programs.
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
15 people listed on the 990; $395K paid to officers and key staff.
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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| 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.
Questions for Southeast Effective Development
Your first name shows with your question. Southeast Effective Development answers here, for everyone.
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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 1,000 units of multi-family utilizing federal housing tax credits. State tax-exempt bonds and other PUBLIC/PRIVATE partnerships.
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…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.7M | $1.8M |
| InvestmentsLn 11–13 | $1.2M | $748K |
| Land, buildings, equipmentLn 10c | $36.9M | $51.4M |
| Total assetsLn 16 | $58.2M | $68.4M |
| LiabilitiesLn 26 | $56.1M | $72.7M |
| Net assetsLn 32 | $2.2M | −$4.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $285K | $272K | $11K | $2K |
| Other salaries and wagesLn 7 | $1.7M | $1.7M | $65K | $14K |
| Pension plan contributionsLn 8 | $2K | $2K | $63 | $13 |
| Other employee benefitsLn 9 | $139K | $133K | $5K | $1K |
| Payroll taxesLn 10 | $206K | $197K | $8K | $2K |
| Management feesLn 11a | $450K | $430K | $17K | $4K |
| Legal feesLn 11b | $28K | $27K | $1K | $217 |
| Accounting feesLn 11c | $122K | $116K | $5K | $950 |
| Investment management feesLn 11f | $528K | $505K | $20K | $4K |
| Other fees for servicesLn 11g | $1.0M | $998K | $39K | $8K |
| Advertising and promotionLn 12 | $28K | $27K | $1K | $217 |
| Office expensesLn 13 | $545K | $520K | $20K | $4K |
| Information technologyLn 14 | $143K | $136K | $5K | $1K |
| OccupancyLn 16 | $3.3M | $3.1M | $122K | $26K |
| TravelLn 17 | $3K | $3K | $121 | $25 |
| Conferences, conventions and meetingsLn 19 | $23K | $22K | $851 | $178 |
| InterestLn 20 | $2.5M | $2.3M | $92K | $19K |
| Depreciation, depletion and amortizationLn 22 | $2.3M | $2.3M | $38K | |
| InsuranceLn 23 | $431K | $412K | $16K | $3K |
| Other expenses (24a–d)Ln 24 | $1.9M | $1.9M | $72K | $15K |
| All other expensesLn 24e | $25K | $24K | $933 | $195 |
| Total functional expensesLn 25 | $15.8M | $15.1M | $538K | $105K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $15.9M | $16.0M | −$164K | −$4.5M | 990 PDF |
| FY2023 Viewing | $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 | $4.6M | $4.8M | −$236K | $5.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $15,822,678 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, no flags
Part VIII · Statement of revenue $15,822,678 across 8 lines filed
Part IX · Statement of functional expenses $15,757,127 across 21 lines filed
Part X · Balance sheet $68,410,013 assets, 16 lines filed
Part XI · Reconciliation of net assets −$4,296,074 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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