New Seed Found EIN 94-2821843 Form 990 (PDF) Claim this org

New Seed Found FY2020 filing

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Helps disadvantaged single mothers and children become independent through model programs. For fiscal year 2020 it reported $190K in revenue, $97K in expenses, and $561K in net assets.Pt I

Type
Public charity (501(c)(3)) · Unclassified
Location
Passaic, NJ
Filings
5 on file (2020–2020)
Revenue
$190KFY2020
Expenses
$97K
Net assets
$561K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  94-2821843 Public charity (501(c)(3)) Passaic, NJ
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Helps disadvantaged single mothers and children become independent through model programs.
Leadership
Joan Lawrence · Chief Executive Officer · $24K
Money in and out
$190K revenue, $97K expenses
Bottom line
91% program efficiency
Where the money goes · FY2020
Total revenue
$190K
Pt VIII · Ln 12
Total expenses
$97K
Pt IX · Ln 25
Net assets
$561K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $93K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.07 Fundraising $0.02
Program efficiency
91%
of spending reaches programs
Operating runway
21.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+49%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$190K
FY2020
Expenses
$97K
FY2020
Total assets
$581K
FY2020
Total liabilities
$20K
FY2020
Total revenue
$190K
Pt VIII · Ln 12
Total expenses
$97K
Pt IX · Ln 25
Net assets
$561K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$93K
Total assetsPt X · Ln 16$581K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNew Seed Found
EINHdr · item D94-2821843
Principal addressHdr · item CPassaic, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFUnclassified (Z99Z)
Ruling yearIRS BMFFeb 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$24,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
Joan Laurence$102,486$24,000
Joan Lawrence$24,000$24,000

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 $88K of program spending, described in the organization's own filed words · FY2020.
01

To provide for children-at-risk a loving,nurturing home environment to allow them to grow toward their full POTENTIAL.WOMEN & children from dysfuntional and abusive families participate in a residential therapy PROGRAM.SINGLE mother families participate in an intensive holistic program,moving them along the continuum from crisis…

$88Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$190K
Investment income$25
Total revenueLn 12$190K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.07 Fundraising $0.02
Program services91%$88K
Management & general7%$7K
Fundraising2%$2K
Total functional expensesLn 25$97K

Balance Sheet

Part X · end of year
CashLn 1$153K
Total assetsLn 16$581K
Total liabilitiesLn 26$20K
Total net assetsLn 32$561K
Months of cash on handcomputed19.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $176K · Operating expenses/yr $97K
21.9 months
Where the money goes
Program services
Program services $88K · Total expenses $97K
91%
Management & General
Management & general $7K · Total expenses $97K
7%
Fundraising
Fundraising $2K · Total expenses $97K
2%
Cost to raise $1
Fundraising expense $2K · Solicited contributions $190K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $190K · Total revenue $190K
100%
Government reliance
Government grants — · Total revenue $190K
Earned-income share
Program service revenue $0 · Total revenue $190K
0%
Investment reliance
Investment income $25 · Total revenue $190K
+0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $97K
0%
Growth & trend
Revenue growth (YoY)
This year $190K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $561K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $190K · Expenses $97K
+49%
Liabilities-to-Assets
Total liabilities — · Total assets $581K
Net-asset ratio
Net assets $561K · Total assets $581K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $24K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $581K
4%
People & payroll
Highest Reported Total Compensation
Individual Joan Lawrence · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $24K · Total expenses $97K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $24K · Total expenses $97K
25%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 7%
Fundraising cost ratio 1%
Legal fee ratio 0.8%
Accounting fee ratio 0.9%

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$40K

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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
FY2024 (Latest)$240K revenue · ⤓ 990 PDF
FY2023$180K revenue · ⤓ 990 PDF
FY2022$838K revenue · ⤓ 990 PDF
FY2021$241K revenue · ⤓ 990 PDF
FY2020$190K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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