2018-11-15T12:52:45-06:00 2017-12-31 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2017-01-01 132875743 Structured Employment Economic Development Corporation % MILTON DERIENZO STRU 3476493083 22 Cortlandt Street 33rd Floor New York NY 10007 MILTON DERIENZO CFO 3476493083 2018-11-15 true Joseph Perez P00961850 7328281614 50.226.125.50 22006220183195000226 2018-11-15 P B5EC99DA3CA23464DC1378F58DE7BE1E03831153 B5EC99DA3CA23464DC1378F58DE7BE1E03831153 2017 2019-02-21 02:37:17Z SEEDCO MILTON DERIENZO 22 Cortlandt Street 33rd Floor New York NY 10007 7289783 false X WWW.SEEDCO.ORG X 1976 DE TO ADVANCE ECONOMIC OPPORTUNITY FOR PEOPLE, BUSINESSES, AND COMMUNITIES IN NEED 18 18 64 18 0 5834328 6791805 82190 0 184 110 149065 497868 6065767 7289783 1622747 1902414 0 0 4077224 3197417 0 0 20750 2757789 2683658 8457760 7783489 -2391993 -493706 1565609 1299872 2774811 3002780 -1209202 -1702908 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 3598804 1251658 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. 2069970 650756 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. 5668774 true true false false 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 16 0 true 64 true false false false false false false false false false false X 18 18 false false true false true true false true true false true true true true true true true true true true false 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 BOARD MEMBER 1.0 0.0 X 0 0 0 MARIA RIVERA BOARD MEMBER 1.0 0.0 X 0 0 0 HENRY COMAS BOARD MEMBER 1.0 0.0 X 0 0 0 IRIS W RAMIREZ BOARD 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 BOARD MEMBER 1.0 0.0 X 0 0 0 WILFRED RENTA MEMBER 1.0 0.0 X 0 0 0 FRANCES L PIMENTEL BOARD MEMBER 1.0 0.0 X 0 0 0 ANGEL AUDIFFRED BOARD MEMBER 1.0 0.0 X 0 0 0 GEORGE A PRUITT BOARD MEMBER 1.0 0.0 X 0 0 0 DORA HUGHES BOARD MEMBER 1.0 0.0 X 0 0 0 WALTER MACK BOARD MEMBER 1.0 0.0 X 0 0 0 LIZANNE STEPHENSON BOARD MEMBER 1.0 0.0 X 0 0 0 HERMAN STRICKLAND BOARD MEMBER 1.0 0.0 X 0 0 0 RAUL RUSSI ACACIA NETWORK CEO 1.0 34.0 X 8452 739107 65101 PAMELA MATTEL ACACIA NETWORK COO 1.0 34.0 X 4653 420632 62922 MILTON DERIENZO ACACIA NETWORK CFO 1.0 34.0 X 4387 376770 983 HONORABLE HECTOR DIAZ ACACIA NETWORK PRESIDENT 1.0 34.0 X 2675 295965 12455 JOSE A RODRIGUEZ ACACIA EVP SPECIAL COUNSEL 1.0 34.0 X 3994 343230 24417 TARA COLTON EXECUTIVE DIRECTOR 35.0 0.0 X 163563 0 31297 KEITH RASMUSSEN VP OF PROGRAMS 35.0 0.0 X 151528 0 14351 RALPH DECLET ACACIA DIVISION DIRECTOR 0.0 35.0 X 0 264898 37228 MARIA CARMEN ARROYO ACACIA VP ADMINISTRATION 1.0 34.0 X 2967 255704 25559 JULITA JASTRZAB ACACIA MEDICAL DIRECTOR 0.0 35.0 X 0 262120 21436 DAVID GLASEL ACACIA NETWORK CLO 1.0 34.0 X 4612 396633 24361 TOMAS DEL RIO FORMER ACACIA NETWORK CFO 0.0 0.0 X 1351 115387 13870 348182 3470446 333980 2 true true false 0 X 6474305 317500 6791805 0 110 110 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 497868 497868 497868 7289783 497978 1831140 1831140 71274 71274 0 0 341081 302127 38954 0 2133020 1889414 243606 88630 83607 5023 552642 521325 31317 82044 77395 4649 0 27581 27581 125652 125652 0 0 0 720457 123731 575976 20750 0 218866 125662 93204 149302 135025 14277 0 951870 341731 610139 148871 116733 32138 0 34946 30595 4351 24015 24015 0 4797 4797 229182 229182 RECRUITMENT & TEMPORARY STAFF 16394 9290 7104 0 DUES AND SUBSCRIPTION 24767 9725 15042 0 BOARD EXPENSES 6958 0 6958 0 7783489 5668774 2093965 20750 X 434462 97213 43730 101167 690701 718954 71207 136113 0 0 0 0 0 0 0 0 77837 3350 21841 10263 16375 11578 0 0 0 0 0 0 0 0 231297 231497 1565609 1299872 1740205 1905493 0 0 347401 243909 0 0 0 0 0 0 326259 532000 0 0 360946 321378 2774811 3002780 X -1377192 -1842049 167990 139141 0 0 -1209202 -1702908 1565609 1299872 -493706 X false true X true true true X 19738088 17344930 10373258 5834328 6791805 60082409 0 0 19738088 17344930 10373258 5834328 6791805 60082409 0 60082409 5038 6449 2169 184 110 13950 0 1362260 1017244 232909 149065 497868 3259346 63355705 0.94834 0.95090 X 21841 10263 11578 11578 SECURITY DEPOSITS 231497 231497 0 REFUNDABLE GRANT ADVANCES 321378 321378 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, 2017 and 2016. true STRIVE INC 240 E 123RD ST NEW YORK NY 10035 133255679 501(c)(3) 370373 WORKFORCE BRONXWORKS INC 60 EAST TREMONT INC BRONX NY 10453 133254484 501(c)(3) 332621 WORKFORCE EASTERN SHORE AREA HEALTH EDUCATION CENTER INC 814 CHESAPEAKE DRIVE CAMBRIDGE MD 21921 521987075 501(c)(3) 262826 WORK & FAMILY TRIANGLE HEALTH ALLIANCE PO BOX 797 ELKTON MD 21921 010789341 N/A 136717 WORK & FAMILY ASSOCIATED CATHOLIC CHARITIES 1966 GREENSPRING DRIVE TIMONINUM MD 21093 520591538 501(c)(3) 7241 WORK AND FAMILY JOB OPPORTUNITES TASK FORCE 111 WATER STREET BALTIMORE MD 21202 522278450 501(c)(3) 56934 WORK & FAMILY ANNE ARUNDEL COUNTY 1 HARRY S TRUMAN ST ANNAPOLIS MD 21404 526000878 N/A 19362 WORK & FAMILY BON SECOURS COMMUNITY WORKS 26 NORTH FULTON ST BALTIMORE MD 21223 521732800 501(c)(3) 129292 WORK & FAMILY THE CENTER OF HELP INC 1906 FOREST DR ANNAPOLIS MD 21401 522282782 501(c)(3) 12874 WORK & FAMILY Chesapeake Multi-Cultural Center PO BOX 1990 EASTON MD 21601 460893377 501(c)(3) 22218 WORK & FAMILY Community College of Baltimore County 800 south rolling road baltimore MD 21228 521977456 N/A 14273 work & family Arundel House of Hope 514 Crain Highway Suite K Glen Burnie MD 21061 521993704 501(C)(3) 20694 work & family 9 3 PARTICIPANT TRANSPORTATION-NY WORKFORCE PROGRAM 1182 15538 market value transport PARTICIPANT INCENTIVES FOR NY WORKFORCE PROGRAMS 1514 38725 PARTICIPANT TRANSPORTATION-TN WORKFORCE PROGRAM 173 11950 MARKET VALUE TRANSPORT PARTICIPANT INCENTIVES-TN WORKFORCE PROGRAM 252 5061 FORM 990, SCHEDULE I, PART I, LINE 2 SEEDCO MONITORS GRANTS TO RECIPIENTS THROUGH A COMBINATION OF FINANCIAL REPORTS, 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. X true false false false false false false false false RAUL RUSSI ACACIA NETWORK CEO 6321 552723 1933 169067 198 17317 229 20021 507 44344 9188 803472 0 0 PAMELA MATTEL ACACIA NETWORK COO 3753 339316 766 69234 134 12082 222 20028 467 42205 5342 482865 0 0 TOMAS DEL RIO FORMER ACACIA NETWORK CFO 1341 114574 0 0 10 813 153 13097 7 613 1511 129097 0 0 MILTON DERIENZO ACACIA NETWORK CFO 3643 312912 701 60199 43 3659 0 0 11 972 4398 377742 0 0 HONORABLE HECTOR DIAZ ACACIA NETWORK PRESIDENT 2033 224936 583 64517 59 6512 108 11941 4 402 2787 308308 0 0 RALPH DECLET ACACIA DIVISION DIRECTOR 0 253345 0 0 0 11553 0 12718 0 24510 0 302126 0 0 JOSE A RODRIGUEZ ACACIA EVP SPECIAL COUNSEL 3297 283333 667 57333 30 2564 0 0 281 24136 4275 367366 0 0 MARIA CARMEN ARROYO ACACIA VP ADMINISTRATION 2688 231649 265 22835 14 1220 0 0 293 25266 3260 280970 0 0 JULITA JASTRZAB ACACIA MEDICAL DIRECTOR 0 262120 0 0 0 0 0 0 0 21436 0 283556 0 0 DAVID GLASEL ACACIA NETWORK CLO 4555 391746 0 0 57 4887 152 13098 128 10983 4892 420714 0 0 TARA COLTON EXECUTIVE DIRECTOR 163563 0 0 0 0 0 7000 0 24297 0 194860 0 0 0 KEITH RASMUSSEN VP OF PROGRAMS 151528 0 0 0 0 0 6255 0 8096 0 165879 0 0 0 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 4 In September 2017, Seedco entered into a formal affiliation with the Acacia Network, a very large health and human services agency. As a result, Seedco has significantly reduced its management and general costs and leverages Acacias purchasing power and economies of scale. The Seedco and Acacia boards executed a reorganization agreement wherein Seedco reorganized itself to become a membership not-for-profit corporation, with Acacia serving as the sole member of Seedco. This change has been reflected in the by-laws of Seedco. Seedco retains its own name, 501(c)(3) status, 990 filing, Board of Directors and Executive Director. All contracts and grants remain with Seedco. As the sole member, Acacia appointed the Board of Directors, which included Seedcos existing Board members as well as new members appointed by Acacia. Acacias officers are now the corporate officers of Seedco. 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 COMPENSATION OF THE CEO, CFO AND COO ARE REVIEWED AND APPROVED ANNUALLY BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. PERIODICALLY, THE BOARD WILL ENGAGE AN INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE THE APPROPRIATENESS OF THE COMPENSATION PACKAGES OFFERED TO THE EXECUTIVES OF ACACIA. THIS PROCESS INCLUDES UTILIZATION OF A COMPARATIVE SALARY ANALYSIS WITH EXECUTIVES OF COMPARABLE ORGANIZATIONS. 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