2019-11-15T08:26:14-06:00 2018-12-31 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2018-01-01 132875743 Structured Employment Economic Development Corporation % MILTON DERIENZO STRU 3476493083 22 Cortlandt Street 33rd Floor New York NY 10007 MILTON DERIENZO CFO 3476493083 2019-11-15 true Joseph Perez P00961850 7328281614 65.124.179.195 22006220193195000045 2019-11-15 P C7992FC970FBEE6F57873BDE709BE2D66F70A3E0 057EC4AE3A69307C8B62E24CD4AAA75E56FB9718 2018 2020-03-31 21:24:44Z SEEDCO Raul Russi 300 East 175th Street Bronx NY 10457 7108806 false X WWW.SEEDCO.ORG X 1976 DE TO ADVANCE ECONOMIC OPPORTUNITY FOR PEOPLE, BUSINESSES, AND COMMUNITIES IN NEED 18 18 73 18 0 8023 6791805 6549172 0 0 110 91 497868 559543 7289783 7108806 1902414 1508371 0 0 3197417 3451405 0 0 68228 2683658 2245926 7783489 7205702 -493706 -96896 1299872 1711898 3002780 3511702 -1702908 -1799804 X STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATIONS (SEEDCO) MISSION IS TO ADVANCE ECONOMIC OPPORTUNITY FOR PEOPLE, BUSINESSES, AND COMMUNITIES IN NEED AS SUCH, SEEDCO DESIGNS AND IMPLEMENTS INNOVATIVE PROGRAMS AND SERVICES THAT BENEFIT WORKERS, FAMILIES, AND BUSINESSES ACROSS THE COUNTRY EACH YEAR, SEEDCO SUPPORTS COMMUNITIES THROUGH TWO CORE PROGRAM PORTFOLIOS 1) WORKFORCE DEVELOPMENT 2) WORK AND FAMILY SUPPORTS SEEDCO OPERATES AS BOTH A DIRECT SERVICES PROVIDER AND AN INTERMEDIARY ORGANIZATION, HELPING COMMUNITY BASED ORGANIZATIONS EXPAND OUTREACH AND SECURE FUNDING. false false 3474494 1009571 Workforce development- using a long-term career case management model, seedco provides career counselling and job-readiness training and job placement services to help individuals with barriers to employment obtain, retain and advance in jobs. seedcos workforce development programs provide A broad range of job seekers and workers with paths to success that begin with job placement and move on to job retention and career advancement. We tailor these services so they meet the needs of hard-to-serve populations including non-custodial parents, out-of-school youth, and individuals with a history of criminal justice involvement. 2000367 498800 Work and family supports- seedco helps low-income families successfully enroll in benefits and assistance programs, and move towards self-sufficiency even when employed, many workers earn wages that are too low to support themselves and their families. Seedcos earn benefits outline technology screens low-income households to ascertain eligibility for public and private income support. This helps households gain access to much needed benefits. Seedco uses technology and case management services to connect workers and their families to the full range of benefits including affordable health insurance, the supplemental nutrition assistance program (snap, formerly food stamps), energy assistance, tax credits and other vital supports. 5474861 true true false true false false false false false false true false false true true true false true false false false false false false false false false true true true false false false false false false false false false false false false false true false false false true 22 0 true 73 true false false false false false false false false false false false false X 18 18 false false false false true true false true true false true true true true true true true true true true false AR CT GA MD NY TN X MILTON DERIENZO 3476493083 311 E 175TH STREET BRONX NY 10457 X ELIEZER RODRIGUEZ ESQ CHAIR 1.0 0.0 X X 0 0 0 LILLIAM BARRIOS-PAOLI VICE CHAIRMAN 1.0 0.0 X X 0 0 0 MILAGROS BAEZ O'TOOLE TREASURER 1.0 0.0 X X 0 0 0 PAUL R FRANKE III SECRETARY 1.0 0.0 X X 0 0 0 SHAHABUDDEEN A ALLY ESQ MEMBER 1.0 0.0 X 0 0 0 MARIA RIVERA MEMBER 1.0 0.0 X 0 0 0 HENRY COMAS MEMBER 1.0 0.0 X 0 0 0 IRIS W RAMIREZ MEMBER 1.0 0.0 X 0 0 0 JASON P TORRES BOARD MEMBER 1.0 0.0 X 0 0 0 CARLOS LABOY-DIAZ MEMBER 1.0 0.0 X 0 0 0 WILFRED RENTA MEMBER 1.0 0.0 X 0 0 0 FRANCES L PIMENTEL MEMBER 1.0 0.0 X 0 0 0 ANGEL AUDIFFRED MEMBER 1.0 0.0 X 0 0 0 GEORGE A PRUITT MEMBER 1.0 0.0 X 0 0 0 DORA HUGHES MEMBER 1.0 0.0 X 0 0 0 WALTER MACK MEMBER 1.0 0.0 X 0 0 0 LIZANNE STEPHENSON MEMBER 1.0 0.0 X 0 0 0 HERMAN STRICKLAND MEMBER 1.0 0.0 X 0 0 0 RAUL RUSSI CHIEF EXECUTIVE OFFICER 0.0 35.0 X 0 773181 58771 PAMELA MATTEL COO (THROUGH 6/30/18) 0.0 35.0 X 0 472149 58713 LYMARIS ALBORS EVP/CHIEF OF STAFF 0.0 35.0 X 0 232776 8849 MILTON DERIENZO EVP/CHIEF FINANCIAL OFFICER 0.0 35.0 X 0 398305 11668 HONORABLE HECTOR DIAZ PRESIDENT 0.0 21.0 X 0 307188 13878 JOSE A RODRIGUEZ CLO (FROM 7/1/18) 0.0 21.0 X 0 368889 45886 DAVID GLASEL CLO (THROUGH 6/30/18) 0.0 35.0 X 0 312156 19261 TARA COLTON EXECUTIVE DIRECTOR 35.0 0.0 X 194210 0 7976 KEITH RASMUSSEN MANAGING DIRECTOR 35.0 0.0 X 156279 0 6251 Steve Kadin SVP of Finance 0.0 35.0 X 0 215270 24136 Maria Del Carmen Arroyo SVP of Administration 0.0 35.0 X 0 270165 36196 350489 3350079 291585 2 false true false CLEARY GOTTLIEB STEEN HAMILTON LL ONE LIBERTY PLAZA NEW YORK NY 10006 RENT 665303 STRIVE INTERNATIONAL INC 205 EAST 122ND STREET NEW YORK NY 10035 PROGRAM SERVICES 361573 BRONXWORKS 60 EAST TREMONT AVENUE BRONX NY 10453 PROGRAM SERVICES 347926 EASTERN SHORE AREA HEALTH EDUCATION 814 CHESAPEAKE DRIVE CAMBRIDGE MD 21613 PROGRAM SERVICES 276037 TRIANGLE HEALTH ALLIANCE LLC 210 CHESAPEAKE BOULEVARD ELKTON MD 21921 PROGRAM SERVICES 139649 8 X 6549172 6549172 0 91 91 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 559543 559543 559543 7108806 559634 1377227 1377227 131144 131144 0 0 788479 675472 97972 15035 0 2009538 1721525 249694 38319 71743 63831 7912 255678 215730 31290 8658 325967 279250 40501 6216 0 10391 0 10391 0 345937 0 345937 0 1597 1597 0 0 147173 1681 145492 0 0 151615 112232 39383 0 98388 71302 27086 0 0 1015386 517356 498030 0 236380 148814 87566 0 0 48924 41669 7255 0 21224 0 21224 0 0 4892 0 4892 0 123761 0 123761 0 RECRUITMENT & TEMPORARY STAFF 8110 7930 180 0 DUES AND SUBSCRIPTION 24227 23960 267 0 BOARD EXPENSES 1013 0 1013 0 MISC EXPENSES 6908 1223 5685 0 7205702 5390346 1747128 68228 X 97213 108680 101167 101222 708954 861253 146113 301745 0 0 0 0 0 0 0 0 3350 3350 21841 15155 11578 6686 0 0 0 0 0 0 0 97465 231497 231497 1299872 1711898 1905493 1914767 0 0 243909 167960 0 0 0 0 0 0 532000 827780 0 0 321378 601195 3002780 3511702 X -1842049 -1888846 139141 89042 0 0 -1702908 -1799804 1299872 1711898 -96896 X false true X true true true X 17344930 10373258 5834328 6791805 6549172 46893493 0 0 17344930 10373258 5834328 6791805 6549172 46893493 0 46893493 6449 2169 184 110 91 9003 0 1017244 232909 149065 497868 559543 2456629 49359125 0.95005 0.94834 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1597 1597 false false PART II-B, LINE 1 (I), OTHER LOBBYING ACTIVITIES THE ORGANIZATION'S PARENT ENTITY CONTRACTS WITH VARIOUS THIRD PARTY LOBBYING CONSULTANTS TO DEVELOP AND IMPLEMENT A COMPREHENSIVE STRATEGY ON ISSUES RELATED TO THE ORGANIZATION AND OBTAIN SUPPORT FOR SUCH ISSUES FROM KEY STATE LEGISLATORS. 21841 15155 6686 6686 SECURITY DEPOSITS 231497 231497 0 REFUNDABLE GRANT ADVANCES 503562 DUE TO AFFILIATES 97633 601195 X FORM 990, SCHEDULE D, PART XIII Seedco is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and New York taxation codes. Accordingly, no provision for income taxes has been reflected in the accompanying consolidated financial statements. Seedco follows generally accepted accounting principles in the United States of America related to uncertain tax positions which require tax effects from an uncertain tax position to be recognized in the consolidated financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. If an uncertain tax position meets the more-likely-than-not threshold, the largest amount of tax benefit that is greater than 50 percent likely to be recognized upon ultimate settlement with the taxing authority is recorded. Seedco's primary tax positions relate to its status as a not-for-profit entity exempt from income taxes and classification of activities related to its exempt purpose. Management has evaluated the tax positions reflected in Seedco's tax filings and does not believe that any material uncertain tax positions exist. Seedco files forms 990 in the U.S. federal jurisdiction and CHAR 500 in the State of New York. Seedco did not recognize any tax related penalties or interest for the years ended December 31, 2018 and 2017. true STRIVE INC 240 E 123RD ST NEW YORK NY 10035 133255679 501(c)(3) 251916 WORKFORCE BRONXWORKS INC 60 EAST TREMONT INC BRONX NY 10453 133254484 501(c)(3) 322046 WORKFORCE EASTERN SHORE AREA HEALTH EDUCATION CENTER INC 814 CHESAPEAKE DRIVE CAMBRIDGE MD 21921 521987075 501(c)(3) 259808 WORK & FAMILY TRIANGLE HEALTH ALLIANCE PO BOX 797 ELKTON MD 21921 010789341 N/A 147840 WORK & FAMILY BON SECOURS COMMUNITY WORKS 26 NORTH FULTON ST BALTIMORE MD 21223 521732800 501(c)(3) 174613 WORK & FAMILY THE CENTER OF HELP INC 1906 FOREST DR ANNAPOLIS MD 21401 522282782 501(c)(3) 11508 WORK & FAMILY Chesapeake Multi-Cultural Center PO BOX 1990 EASTON MD 21601 460893377 501(c)(3) 12855 WORK & FAMILY Memphis Workforce Investment Network 480 Beale Street Memphis TN 38103 999999999 10124 work & Family CASH CAMPAIGN OF MARYLAND INC 575 S CHARLES STREET BALTIMORE MD 21201 814607977 501(c)(3) 37501 WORK & FAMILY 7 2 PARTICIPANT TRANSPORTATION-NY WORKFORCE PROGRAM 692 51780 market value transport PARTICIPANT INCENTIVES FOR NY WORKFORCE PROGRAMS 586 28310 PARTICIPANT TRANSPORTATION-TN WORKFORCE PROGRAM 273 15967 MARKET VALUE TRANSPORT PARTICIPANT INCENTIVES-TN WORKFORCE PROGRAM 246 14250 PARTICIPANT TRANSPORTATION - MD 136 4437 market value transport PARTICIPANT INCENTIVES - md 156 16400 FORM 990, SCHEDULE I, PART I, LINE 2 SEEDCO MONITORS GRANTS TO RECIPIENTS THROUGH A COMBINATION OF FINANCIAL REPORTY, WRITTEN REPORTS, AND/OR SITE VISITS, DEPENDING ON THE PROGRAM THROUGH WHICH THE ORGANIZATION IS FUNDED. SEEDCO ALSO REVIEWS AUDITED FINANCIAL STATEMENTS AND SINGLE AUDIT REPORTS OF GRANTEES, IF APPLICABLE, AND FOLLOWS UP ON FINDINGS WITH RECIPIENTS WHO HAVE MATERIAL WEAKNESSES OR SIGNIFICANT DEFICIENCIES IN THEIR INTERAL CONTROLS TO EXAMINE THEIR CORRECTIVE ACTION PLANS. true false false false false false false true false RAUL RUSSI CHIEF EXECUTIVE OFFICER 0 580117 0 176130 0 16934 0 20625 0 38146 0 831952 PAMELA MATTEL COO (THROUGH 6/30/18) 0 244348 0 36050 0 191751 0 22067 0 36646 0 530862 LYMARIS ALBORS EVP/CHIEF OF STAFF 0 224208 0 0 0 8568 0 8849 0 0 0 241625 MILTON DERIENZO EVP/CHIEF FINANCIAL OFFICER 0 327502 0 63945 0 6858 0 10753 0 915 0 409973 HONORABLE HECTOR DIAZ PRESIDENT 0 235194 0 67050 0 4944 0 13500 0 378 0 321066 TARA COLTON EXECUTIVE DIRECTOR 194210 7976 202186 KEITH RASMUSSEN MANAGING DIRECTOR 156279 6251 162530 JOSE A RODRIGUEZ CLO (FROM 7/1/18) 0 306775 0 59740 0 2374 0 24500 0 21386 0 414775 DAVID GLASEL CLO (THROUGH 6/30/18) 0 269605 0 39128 0 3423 0 13500 0 5761 0 331417 Steve Kadin SVP of Finance 215090 180 12310 11826 239406 Maria Del Carmen Arroyo SVP of Administration 245831 23100 1234 13171 23025 306361 SCHEDULE J PART I LINE 3 PursuAnt to the Organization's bylaws, the Organization delegates to its parent entity the hiring of the CEO and President. The compensation of the executives is approved by the Parent entity, who hires a consultant to conduct a study. A standing compensation commitee of the Parent entity reviews a compensation study and votes on how to proceed. SCHEDULE J PART I LINE 4A Pamela Mattel received separation pay. This amount is included in Part II Colum b (III). SCHEDULE J PART 1 LINE 7 The Bonuses for the CEO and President are approved by the Board of the Parent entity. The remaining executive bonuses are approved by the CEO. The remaining executive bonuses are approved by the CEO. FORM 990, PART VI, SECTION B, LINE 12C THE GENERAL COUNSEL SERVES AS AN ADVISOR TO DIRECTORS AND KEY EMPLOYEES REGARDING POTENTIAL CONFLICTS, BOTH DURING THE ANNUAL RECERTIFICATION PROCESS AND AS THEY ARISE AS NECESSARY. THE GENERAL COUNSEL BRINGS MATTERS PERTAINING TO KEY EMPLOYEES, OFFICERS, AND DIRECTORS TO THE PRESIDENT and CEO FOR DISCUSSION WITH THE BOARD, ADVISES WHEN DIRECTORS MUST REMOVE THEMSELVES FROM VOTING ON ORGANIZATION MATTERS AND WITH THE PRESIDENT, MAKES DETERMINATION ON MATTERS PERTAINING TO POTENTIAL CONFLICTS CONCERNING STAFF MEMBERS WHO ARE NOT KEY EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS ONE CLASS OF MEMBERSHIP COMPRISED OF ONE MEMBER, WHICH IS ACACIA NETWORK. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER MAY ELECT AND APPOINT THE DIRECTORS AND OFFICERS OF SEEDCO ON AN ANNUAL BASIS. FORM 990, PART VII, SECTION A, LINE 1A DURING 2017, SEEDCO BECAME A MEMBER OF THE ACACIA NETWORK. AS SUCH, SEEDCO INCURRED CHARGES ALLOCATED THROUGHOUT THE ACACIA NETWORK VIA ITS COMMON PAYMASTER, PASO. AS PART OF THIS RELATIONSHIP WITH ITS COMMON PAYMASTER, SEEDCO IS REQUIRED TO LIST CERTAIN INDIVIDUALS WHO ARE EMPLOYEES OF THE ACACIA NETWORK IN PART VII AND SCHEDULE J DUE TO THE REPORTING REQUIREMENTS OF HAVING A COMMON PAYMASTER. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15A & 15B PursuaNt to the Organization's bylaws, the Organization delegates to its parent entity the hiring of the CEO and President. The compensation of the executives is approved by the Parent entity, who hires a consultant to conduct a study. A standing compensation commitee of the Parent entity reviews a compensation study and votes on how to proceeD. 1068 Franklin Avenue Housing Development 300 E 175th Street Bronx NY 10457 208317595 Housing NY 501(c)(4) N/A Acacia false 414-418 East 119th Street Greenhope Hous 300 E 175th Street Bronx NY 10457 133391215 Housing NY 501(c)(3) 7 Acacia false Acacia Florida Inc 300 E 175th Street Bronx NY 10457 810941278 Development NY 501(c)(3) N/A Acacia false Acacia Network Housing Inc 300 E 175th Street Bronx NY 10457 260076866 Housing NY 501(c)(3) 10 Acacia false Acacia Real Estate Development Inc 300 E 175th Street Bronx NY 10457 823595330 Development NY 501(c)(3) N/A Acacia false Audubon Partnership For Economic Develop 300 E 175th Street Bronx NY 10457 133927797 Community Ser NY 501(c)(3) 7 Acacia false Ayuda Puerto Rico Inc 300 E 175th Street Bronx NY 10457 822853993 Humanitarian NY 501(c)(3) 7 Acacia false Bronx Addiction Services Integrated Conc 300 E 175th Street Bronx NY 10457 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