2023-05-13T15:48:46-05:00 2022-06-30 420714325 RSM US LLP 1250 H STREET SUITE 700 WASHINGTON DC 20005 990 2021-07-01 061818759 THE SEED SCHOOL OF MARYLAND SEED 4108439477 200 FONT HILL AVENUE BALTIMORE MD 212232703 KIRK SYKES HEAD OF SCHOOL 4108439477 2023-05-12 1 KIRK SYKES XXX-XX-XXXX MEREDITH BELL P01696827 2022932200 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z KIRK SYKES 200 FONT HILL AVENUE BALTIMORE MD 212232703 21655114 0 X HTTPS://WWW.SEEDSCHOOLMD.ORG/ X 2007 MD THE SEED SCHOOL OF MD IS A STATEWIDE, PUBLIC, COLLEGE-PREPARATORY BOARDING SCHOOL. BY DESIGN AND STATE-LAW, SEED MD SERVES STUDENTS WHO COULD MOST BENEFIT FROM OUR 24-HOUR LEARNING ENVIRONMENT. 20 19 181 19 0 0 2646567 5440159 15865957 16125038 1238 1995 132433 87922 18646195 21655114 28500 34500 0 0 11040670 11158468 0 0 653700 6841243 8661029 17910413 19853997 735782 1801117 46101801 45366467 21868893 19332442 24232908 26034025 X THE SEED SCHOOL OF MARYLAND (SEED MARYLAND) IS A STATEWIDE, PUBLIC, COLLEGE-PREPARATORY BOARDING SCHOOL OFFERING AN EXTRAORDINARY LEARNING AND LIVING EXPERIENCE IN PREPARATION FOR COLLEGE AND BEYOND. THE MARYLAND GENERAL ASSEMBLY PASSED LEGISLATION TO ESTABLISH THE SCHOOL WHICH RECEIVES STATE, LOCAL AND PRIVATE FUNDS. THE MARYLAND STATE DEPT. OF EDUCATION (MSDE) OVERSEES THE SCHOOL AND HOLDS IT ACCOUNTABLE TO STATE AND FEDERAL STANDARDS FOR TEACHING AND LEARNING. BY DESIGN AND STATE-LAW, SEED MARYLAND SERVES STUDENTS WHO COULD MOST BENEFIT FROM OUR 24-HOUR LEARNING ENVIRONMENT. 0 0 14506284 34500 16125038 PROVIDE OUTSTANDING INTENSIVE RESIDENTIAL EDUCATION PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE. 14506284 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 181 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 1 0 0 MD X KIRK SYKES 4108439477 200 FONT HILL AVENUE BALTIMORE MD 212232703 STEVE FEDDER CHAIRMAN 2.00 0.00 X X 0 0 0 CHRIS ROSENTHAL FINANCE CHAIR 1.00 0.00 X 0 0 0 JOE MARTEL DEVELOPMENT COMMITTEE CHAIR 1.00 0.00 X 0 0 0 ERIC ALDER CO-FOUNDER 1.00 0.00 X 0 0 0 DENISE ANDREWS BOARD MEMBER 1.00 0.00 X 0 0 0 LESLEY POOLE TRUSTEE/ CEO SEED FND 1.00 42.00 X 0 283716 23176 KAREN BARNES BOARD MEMBER 1.00 0.00 X 0 0 0 MONIQUE BOOKER BOARD MEMBER 1.00 0.00 X 0 0 0 ANTONIO CAMPBELL BOARD MEMBER 1.00 0.00 X 0 0 0 STU CHERRY BOARD MEMBER 1.00 0.00 X 0 0 0 BRIAN FIELD BOARD MEMBER 1.00 0.00 X 0 0 0 LAURA GREEN BOARD MEMBER 1.00 0.00 X 0 0 0 TONY HAWKINS BOARD MEMBER 1.00 0.00 X 0 0 0 SAM LENNON BOARD MEMBER 1.00 0.00 X 0 0 0 ERIC LEOB BOARD MEMBER 1.00 0.00 X 0 0 0 STEVE MACMANUS BOARD MEMBER 1.00 0.00 X 0 0 0 DAMIEN MYERS BOARD MEMBER 1.00 0.00 X 0 0 0 LESHA PNKEY BOARD MEMBER 1.00 0.00 X 0 0 0 REGGIE SMALLWOOD BOARD MEMBER 1.00 0.00 X 0 0 0 BILL WHITING BOARD MEMBER 1.00 0.00 X 0 0 0 KIRK SYKES HEAD OF SCHOOL 40.00 0.00 X 236291 0 41714 KEVIN RIDGELY MANAGING DIRECTOR 40.00 0.00 X 153494 0 32443 HOPE O'NEIL DIRECTOR OF ACADEMICS 40.00 0.00 X 120129 0 13655 KATHRYN CARMEN BYRAM DIRECTOR OF DEVELOPMENT 40.00 0.00 X 115614 0 15345 625528 283716 126333 4 0 1 0 ALADDIN FOOD MANAGEMENT SERVICES LLC 16567 COLLECTION CENTER DRIVE CHICAGO IL 606931656 FOOD SERVICE 973210 SEED FOUNDATION 1730 RHODE ISLAND AVE NW 713 WASHINGTON DC 20036 MANAGEMENT FEES 598700 BUTLER SECURITY INC 3604 ANNAPOLIS ROAD HALTHORPE MD 21227 SECURITY SERVICES 237100 AMAYA GENERAL CLEANING SERVICE 9620 ALDA DRIVE BALTIMORE MD 21234 CLEANING SERVICES 224365 WOODLAWN MOTOR COACH INC 6523 BALTIMORE NATIONAL PIKE BALTIMORE MD 21228 TRANSPORTATION 176369 6 120284 4511865 808010 5440159 PER PUPIL ALLOCATION 900099 16125038 16125038 16125038 1995 1995 0 120284 0 0 OTHER REVENUE 900099 87922 87922 87922 21655114 16125038 0 89917 34500 34500 386262 386262 8749629 6937038 1571399 241192 318495 278177 30646 9672 1004075 822653 152819 28603 700007 572216 107896 19895 929192 929192 3011 3011 188744 188744 1192081 763412 334561 94108 108994 89096 16800 3098 210173 171805 32395 5973 1965969 1607068 303025 55876 77484 77484 142417 132670 8230 1517 511844 418404 78893 14547 1488521 1216782 229433 42306 277523 277523 FOOD SERVICE COSTS 1115553 1115553 INSTRUCTIONAL SUPPLIES 178429 139557 32820 6052 FUNDRAISING EXPENSES 128950 128950 ATHLETIC EQUIPMENT/FEES 74906 74906 67238 54963 10364 1911 19853997 14506284 4694013 653700 2736066 4307383 6463152 5111060 21577 20833 45482 86197 53049460 17208466 36835524 35840994 46101801 45366467 1191503 1544331 18704540 17720256 1952000 0 20850 67855 21868893 19332442 X 23912567 25833272 320341 200753 24232908 26034025 46101801 45366467 1801117 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48168168 12555588 35612580 190171 74994 115177 4691121 4577884 113237 35840994 DUE TO THE SEED FOUNDTION, INC. 67855 67855 X 21655114 0 21655114 0 21655114 19853997 0 19853997 0 19853997 PART X, LINE 2: THE SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. UNDER SECTION 501(C)(3) OF THE IRC, THE SCHOOL IS EXEMPT FROM FEDERAL TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE SCHOOL DID NOT HAVE ANY NET UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2022. THE SCHOOL FOLLOWS THE ACCOUNTING STANDARD OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE SCHOOL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES BASED UPON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAS TAKEN NO UNCERTAIN POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2019. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL SHALL ADMIT STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN. IT WILL NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS, OR ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. SCHEDULE E, PART I, LINE 6 THE SEED SCHOOL OF MARYLAND RECEIVES A STUDENT ALLOCATION FROM THE STATE OF MARYLAND TO COVER THE COST OF ACADEMIC AND FACILITIES EXPENSES. UNDER THE CARES ACT, THE SCHOOL APPLIED FOR THE PPP LOAN WITH THE SBA AND RECEIVED $1,952,000 DURING THE YEAR ENDED JUNE 30, 2020. THE PPP LOAN HAS MATURITY DATE OF MARCH 27, 2022, WITH 18 MONTHLY PAYMENTS OF $108,444 TO BEGIN ON OCT 27, 2020. AT JUNE 30, 2021, THE PPP FUNDS WERE RECOGNIZED AS A REFUNDABLE ADVANCE OF $1,952,000 ON THE BALANCE SHEET. THE SCHOOL USED THE FULL AMOUNT OF THE PPP FUNDS FOR PAYROLL AND OTHER QUALIFIED EXPENSES LISTED TO BE FORGIVEN PER THE TERMS OF THE REFUNDABLE ADVANCE. ON OCTOBER 22, 2021, THE SCHOOL RECEIVED FULL FORGIVENESS OF THE OUTSTANDING PRINCIPAL AND ACCRUED INTEREST ON THE PPP LOAN . HEBROPEN 79034 79034 RUN UP TO JUNETEENTH 5K/1MI 41250 41250 120284 120284 1 SCHOLARSHIP FOR COLLEGE 26 34500 PART I, LINE 2: SCHOLARSHIP FOR COLLEGES: THE SELECTION IS BASED ON THEIR ACADEMIC PERFORMANCE AND ACTIVITIES WHILE AT SEED. DECIDED WITH INPUT FROM THE ACADEMIC. STUDENT LIFE , HOS AND OTHER DEPARTMENTS AS APPLICABLE AND APPROVED BY THE DONOR. THE FUNDS ARE PAID DIRECTLY TO THE SCHOOL THAT THE GRADUATE ATTENDS AND IS FORFEITED IF THE STUDENT DROPS OUT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 LESLEY POOLE TRUSTEE/ CEO SEED FND 0 256652 0 25000 0 2064 0 13092 0 16279 0 313087 0 0 KIRK SYKES HEAD OF SCHOOL 236291 0 0 0 0 0 11077 0 30961 0 278329 0 0 0 KEVIN RIDGELY MANAGING DIRECTOR 153494 0 0 0 0 0 9274 0 23547 0 186315 0 0 0 PART I, LINE 1A KIRK SYKES, HEAD OF SCHOOL RECEIVED NON-TAXABLE HOUSING BENEFITS IN THE AMOUNT OF $12,000. PART I, LINE 3 THE SEED SCHOOL OF MARYLAND IS RELATED TO THE SEED FOUNDATION. THE SEED FOUNDATION PROVIDES THE COMPENSATION TO LESLEY POOLE. THE SCHOOL DOES NOT COMPENSATE THE INDIVIDUAL. THE SCHOOL RELIES ON ITS RELATED ORGANIZATION'S METHODOLOGY OF DETERMINING COMPENSATION. THE FOLLOWING ARE THE COMPENSATION DETERMINATION POLICIES OF THE SEED FOUNDATION. THE SEED FOUNDATION BOARD OF DIRECTORS APPROVES THE COMPENSATION OF ITS OFFICERS, DIRECTORS AND KEY EMPLOYEES AS PART OF APPROVING THE ANNUAL BUDGET. MEMBERS OF THE BOARD OF DIRECTORS RECEIVE NO COMPENSATION. THE BOARD OF DIRECTOR SET THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES BY CONSIDERING TWO FACTORS: 1) AN INFORMAL MARKET ANALYSIS OF COMPARABLE POSITIONS 2) WHAT THE ORGANIZATION CAN AFFORD TO PAY BASED ON IT BUDGET CONSTRAINTS. A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2019-10-17 20500000 REFINANCE AND RENOVATIONS 0 0 0 A 1978000 20500000 315077 19733248 451675 2019 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 A 1 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS BEING PREPARED BY RSM US, LLP .THE COMPLETED FORM IS FORWARDED TO THE HEAD OF SCHOOL AND THE MANAGING DIRECTOR & CFO OF THE SCHOOL AND THE SEED FOUNDATION FOR REVIEW AND APPROVAL BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE HEAD OF SCHOOL IS DETERMINED BY THE BOARD OF DIRECTORS AND REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS EXECUTIVE COMMITTEE. IN ADDITION, A COMPARATIVE SALARY SURVEY WAS PERFORMED BY THE BOARD AT TIME OF HIRE. THE BOARD DECISIONS WERE IN THE BOARD MINUTES AT THE THE TIME OF HIRE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). SEED FOUNDATION 1776 MASSACHUTSETTS AVENUE WASHINGTON DC 20036 541850819 MANAGERIAL SUPPORT AND DEVELOPMENT OF SCHOOLS DC 501(C)(3) LINE 11 N/A 0 THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON DC 4300 C STREET SE WASHINGTON DC 20019 522099612 BOARDING SCHOOL DC 501(C)(3) LINE 2 THE SEED FOUNDATION 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0