2021-05-11T09:36:44-05:00 2020-06-30 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2019-07-01 061818759 THE SEED SCHOOL OF MARYLAND INC SEED 4108439477 200 FONT HILL AVENUE BALTIMORE MD 212232703 KEVIN RIDGELY MANAGING DIRECTOR & CFO 4108439477 2021-05-10 1 WILLIAM E TURCO CPA P00369217 3012963600 2021-05-10 2019 2022-09-23 18:48:47Z TIFFANY EVANS 200 FONT HILL AVENUE BALTIMORE MD 212232703 17810735 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. 18 18 212 3 0 0 1662291 2073105 15385549 15585174 60 2615 167173 92926 17215073 17753820 15000 27000 0 0 10341131 10574029 0 0 523172 6921742 7157337 17277873 17758366 -62800 -4546 44500524 46476966 20998852 22979840 23501672 23497126 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 14151446 27000 15585174 PROVIDE OUTSTANDING INTENSIVE RESIDENTIAL EDUCATION PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE. 14151446 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 1 212 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 1 0 0 MD X KEVIN RIDGELY 4108439477 200 FONT HILL AVENUE BALTIMORE MD 212232703 LESLEY POOLE TRUSTEE/CEO OF SEED FND 2.00 X 0 252310 19918 TIFFANY EVANS CO-HEAD OF SCHOOL 40.00 X 138418 0 33978 KEVIN RIDGELY MANAGING DIRECTOR & CFO 40.00 X 144718 0 26660 ERIKA ASIKOYE CO-HEAD OF SCHOOL 40.00 X 134971 0 29808 HOPE O'NEIL DIRECTOR OF ACADEMICS 40.00 X 114648 0 22664 KATHRYN BYRAM DIRECTOR OF DEVELOPMENT 40.00 X 107034 0 24817 RICHARD S TUCK BURCH CHAIRMAN 2.00 X X 0 0 0 BRIAN FIELD CORPORATE SECRETARY 2.00 X 0 0 0 ERIC ADLER TRUSTEE 2.00 X 0 0 0 JENNIFER CURRAN TRUSTEE 2.00 X 0 0 0 STEVE K FEDDER TRUSTEE 2.00 X 0 0 0 KELLY TUBMAN HARDY TRUSTEE 2.00 X 0 0 0 ANTHONY T HAWKINS TRUSTEE 2.00 X 0 0 0 DAWN KIRSTAETTER TRUSTEE 2.00 X 0 0 0 HEATHER A KLINK TRUSTEE 2.00 X 0 0 0 ERIC LOEB TRUSTEE 2.00 X 0 0 0 JOSEPH MARTEL TRUSTEE 2.00 X 0 0 0 HOLLY MCCULLOUGH TRUTEE 2.00 X 0 0 0 STEVE MCMANUS TRUSTEE 2.00 X 0 0 0 MARC MILLER TRUSTEE 2.00 X 0 0 0 RCHRISTOPHER CHRIS ROSENTHAL TRUSTEE 2.00 X 0 0 0 SHANE P SMITH TRUSTEE 2.00 X 0 0 0 PAUL WHITE TRUSTEE 2.00 X 0 0 0 GWILLIAM C BILL WHITING TRUSTEE 2.00 X 0 0 0 HOLLY MCCULLOUGH TRUSTEE SINCE 7/1/19 2.00 X 0 0 0 EARL ADAMS TRUSTEE THRU 05/20 2.00 X 0 0 0 ELIJAH CUMMINGS TRUSTEE THRU 10/2019 2.00 X 0 0 0 DOUG HOFFBERGER TRUSTEE THRU 12/2019 2.00 X 0 0 0 639789 252310 157845 5 0 1 0 ALADDIN FOOD MANGEMENT SERVICES 16567 COLLECTIONS CENTER DRIVE CHICAGO IL 606938474 FOOD SERVICE 553701 WOODLAWN MOTOR COACH INC 6523 BALTIMORE NATIONAL PIKE BALTIMORE MD 21228 TRANSPORTATION 498282 BUTLER SECURITY INC 3604 ANNAPOLIS ROAD HALTHORPE MD 21227 SECURITY SERVICES 214730 ALIGN STAFFING 111 K STREET NE 4TH FLOOR WASHINGTON DC 20002 TEMPORARY STAFFING 180332 AMAYA 9620 ALDA DR BALTIMORE MD 21234 CLEANING SERVICES 177810 7 242650 1296717 533738 2073105 PER PUPIL ALLOCATION 900099 15585174 15585174 15585174 2615 2615 14163 0 14163 14163 14163 56915 242650 56915 0 OTHER REVENUE 900099 78763 78763 78763 17753820 15585174 0 95541 27000 27000 756452 127479 495068 133905 8125436 6948266 1051909 125261 299960 256636 41853 1471 752593 616498 127142 8953 639588 517839 109422 12327 476060 158687 158687 158686 330 330 155646 155646 35970 5847 30123 181412 64995 113916 2501 211682 39404 172278 1601343 1281074 240201 80068 23506 12386 11120 609902 609902 1431459 1431459 213770 213770 STUDENT PROGRAM EXPENSE 1651852 1651852 BOND COST WRITE OFF 291793 291793 STAFF EXPENSES 96479 3911 92568 STAFF DEVELOPMENT 78671 57920 20751 97462 48498 48964 17758366 14151446 3083748 523172 4154997 6806065 1438244 1501188 8956 18052 181963 378674 52032584 14259597 38716364 37772987 44500524 46476966 1189825 1361125 19792896 19662824 16131 1955891 20998852 22979840 X 23090748 23239769 410924 257357 23501672 23497126 44500524 46476966 -4546 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47876287 10099955 37776332 190171 43300 146871 3966126 4116342 -150216 37772987 CAPITAL LEASE OBLIGATION 2850 DUE TO THE SEED FOUNDTION, INC. 1041 REFUNDABLE ADVANCES 1952000 1955891 X 17810735 0 17810735 -56915 -56915 17753820 17815281 56915 56915 17758366 0 17758366 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, 2020. 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 2017. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED ON LINE 8B -56,915. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED ON LINE 8B 56,915. 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 PAYCHECK PROTECTION PROGRAM (PPP) LOAN WITH THE SMALL BUSINESS ADMINISTRATION (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 OCTOBER 27, 2020. AT JUNE 30, 2020, THE PPP FUNDS WERE RECOGNIZED AS A REFUNDABLE ADVANCE OF $1,952,000 ON THE BALANCE SHEET. SENIOR DINNER 204760 187610 17150 17150 GOLF OUTING 94805 55039 39766 39765 299565 242649 56916 39765 17150 56915 1 1 SCHOLARSHIP FOR COLLEGE 12 27000 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 OF SEED FND 0 220246 0 30000 0 2064 0 11121 0 14607 0 278038 0 0 TIFFANY EVANS CO-HEAD OF SCHOOL 138418 0 0 0 0 0 6284 0 28802 0 173504 0 0 0 KEVIN RIDGELY MANAGING DIRECTOR & CFO 144718 0 0 0 0 0 8843 0 18647 0 172208 0 0 0 ERIKA ASIKOYE CO-HEAD OF SCHOOL 134971 0 0 0 0 0 6199 0 27182 0 168352 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS AND IS PROVIDED HOUSING. THE NON-TAXABLE AMOUNT IS ESTIMATED TO BE $18,000. THE HEAD OF ACADEMICS IS ALSO REQUIRED TO LIVE IN AN ON CAMPUS APARTMENT. THE NON-TAXABLE AMOUNT IS ESTIMATED TO BE $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 536000 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 AND WILL BE REVIEWED BY THE MANAGING DIRECTOR. THE COMPLETED FORM WILL BE FORWARDED TO THE HEAD OF SCHOOL, THE CFO OF THE SEED SCHOOL OF MARYLAND AND THE INTERIM CFO OF THE SEED FOUNDATION FOR FURTHER REVIEW AND APPROVAL. 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