SEED SYRACUSE INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
SEED SYRACUSE INC (EIN 88-3376759)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-12
IRS object ID
202523169349302547
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-12T09:42:41-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN460475780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GROSSMAN ST AMOUR CPAS PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1110 WEST FAYETTE STREET SUITE 900AddressLine1Txt
CitySYRACUSECityNm
State AbbreviationNYStateAbbreviationCd
ZIP13202ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN883376759EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SEED SYRACUSE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSEEDBusinessNameControlTxt
Phone3156855059PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1484 S SALINA STAddressLine1Txt
CitySYRACUSECityNm
State AbbreviationNYStateAbbreviationCd
ZIP13202ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARGARET O'CONNELLPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3156855059PhoneNum
Signature2025-11-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTINA R ONDRAKO CPAPreparerPersonNm
PTINP01230318PTIN
Phone3154241120PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARGARET O'CONNELLPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1484 S SALINA STAddressLine1Txt
CitySYRACUSECityNm
State AbbreviationNYStateAbbreviationCd
ZIP13202ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$952,348GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SEEDSYRACUSE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2022FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO DEVELOP DISTRESSED COMMERCIAL PROPERTIES IN MARGINALIZED NEIGHBORHOODS AND ATTRACT, GROW AND CREATE BUSINESSES IN THESE PROPERTIES.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$9,352,362PYContributionsGrantsAmt
CY Contributions Grants$416,929CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income-$16,211PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$345,399PYOtherRevenueAmt
CY Other Revenue$535,419CYOtherRevenueAmt
PY Total Revenue$9,681,550PYTotalRevenueAmt
CY Total Revenue$952,348CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$379,407PYOtherExpensesAmt
CY Other Expenses$498,499CYOtherExpensesAmt
PY Total Expenses$379,407PYTotalExpensesAmt
CY Total Expenses$498,499CYTotalExpensesAmt
PY Revenues Less Expenses$9,302,143PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$453,849CYRevenuesLessExpensesAmt
Total Assets BOY$9,423,729TotalAssetsBOYAmt
Total Assets EOY$10,995,161TotalAssetsEOYAmt
Total Liabilities BOY$87,126TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,305,470TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$9,336,603NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$9,689,691NetAssetsOrFundBalancesEOYAmt
MissionTO DEVELOP DISTRESSED PROPERTIES IN MARGINALIZED NEIGHBORHOODS AND ATTRACT, GROW, AND CREATE BUSINESSES THAT ARE COMMUNITY-OWNED AND CREATE JOBS FOR NEARBY RESIDENTS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$461,031ExpenseAmt
DescDEVELOPMENT OF DISTRESSED PROPERTIES IN MARGINALIZED NEIGHBORHOODS THAT ATTRACTS, GROWS, AND CREATES BUSINESSES THAT ARE COMMUNITY OWNED AND OPERATED.Desc
Total Program Service Expenses$461,031TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org MemYes (1)BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document14IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARGARET O'CONNELLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3156855059PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1484 S SALINE STREETAddressLine1Txt
CitySYRACUSECityNm
State AbbreviationNYStateAbbreviationCd
ZIP13202ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
MARK ALLYN
DIRECTOR1.00Yes (X)$0$0$0
JULIA ALLYN
DIRECTOR1.00Yes (X)$0$0$0
MEAGHAN ALLYN
DIRECTOR1.00Yes (X)$0$0$0
MAARTEN JACOBS
DIRECTOR1.00Yes (X)$0$0$0
PETER KALINOWSKI
DIRECTOR1.00Yes (X)$0$0$0
DOMINIC ROBINSON
DIRECTOR1.00Yes (X)$0$0$0
MARGARET M O'CONNELL
PRESIDENT5.00$0$0$0Yes (X)
STEPHANIE PASQUALE
VICE PRESIDENT1.00$0$0$0Yes (X)
ERIC ALLYN
TREASURER1.00$0$0$0Yes (X)
DAVID ALLYN
SECRETARY1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ALEXANDER PROPERTIES WEST LLCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line15316 COBBLER WAYAddressLine1Txt
CityCAMILLUSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP13031ZIPCd
FieldValueIRS element (for citing)
ServicesPROPERTY MANAGEMENTServicesDesc
Compensation$130,281CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
All Other Contributions$416,929AllOtherContributionsAmt
Total Contributions$416,929TotalContributionsAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$354,062RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$354,062RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$354,062TotalRevenueColumnAmt
Related Or Exempt Func Income$354,062RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
UTILITY COST RECOVERY221000$163,240$163,240
MISCELLANEOUS900099$18,117$18,117
FieldValueIRS element (for citing)
Other Revenue Total$181,357OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$952,348TotalRevenueColumnAmt
Related Or Exempt Func Income$535,419RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$61,939TotalAmt
Program Services$46,704ProgramServicesAmt
Management And General$15,235ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$32,315TotalAmt
Program Services$26,674ProgramServicesAmt
Management And General$5,641ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$38,451TotalAmt
Program Services$26,011ProgramServicesAmt
Management And General$12,440ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$997TotalAmt
Program Services$957ProgramServicesAmt
Management And General$40ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$63,345TotalAmt
Program Services$63,345ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$24,333TotalAmt
Program Services$22,846ProgramServicesAmt
Management And General$1,487ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
UTILITIES$185,531$184,236$1,295
BUILDING MAINTENANCE$46,424$46,424
PROPERTY TAXES$20,123$20,123
BAD DEBT$19,050$19,050

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$5,991TotalAmt
Program Services$4,661ProgramServicesAmt
Management And General$1,330ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$498,499TotalAmt
Program Services$461,031ProgramServicesAmt
Management And General$37,468ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$573,285BOYAmt
EOY$218,212EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$157,876BOYAmt
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$61,622BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$420,030LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$6,632LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$8,594,528BOYAmt
EOY$413,398EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$9,086,840EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$36,418BOYAmt
EOY$1,276,711EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$9,423,729BOYAmt
EOY$10,995,161EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$87,126BOYAmt
EOY$50,175EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,255,295EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$87,126BOYAmt
EOY$1,305,470EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,336,603BOYAmt
EOY$9,689,691EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,336,603BOYAmt
EOY$9,689,691EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,423,729BOYAmt
EOY$10,995,161EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$453,849ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$100,761OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$9,352,362CurrentTaxYearMinus1YearAmt
Current Tax Year$416,929CurrentTaxYearAmt
Total$9,769,291TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$9,352,362CurrentTaxYearMinus1YearAmt
Current Tax Year$416,929CurrentTaxYearAmt
Total$9,769,291TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$9,769,291PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$300,299CurrentTaxYearMinus1YearAmt
Current Tax Year$354,062CurrentTaxYearAmt
Total$654,361TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$300,299CurrentTaxYearMinus1YearAmt
Current Tax Year$354,062CurrentTaxYearAmt
Total$654,361TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$45,100CurrentTaxYearMinus1YearAmt
Current Tax Year$181,357CurrentTaxYearAmt
Total$226,457TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$9,697,761CurrentTaxYearMinus1YearAmt
Current Tax Year$952,348CurrentTaxYearAmt
Total$10,650,109TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.91730PublicSupportCY509Pct
Investment Income CY0.06140InvestmentIncomeCYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$254,000OtherCostOrOtherBasisAmt
Book Value$254,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$166,030OtherCostOrOtherBasisAmt
Depreciation$6,632DepreciationAmt
Book Value$159,398BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$413,398TotalBookValueLandBuildingsAmt

Closely Held Equity Interests CloselyHeldEquityInterestsGrp

FieldValueIRS element (for citing)
Book Value$9,086,840BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$9,086,840TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescDUE FROM SUBSIDIARIESDesc
Book Value$1,276,711BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,276,711TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO RELATED PARTYDesc
Amt$1,255,295Amt
FieldValueIRS element (for citing)
Total Liability$1,255,295TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,306,581TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$290,000DonatedServicesAndUseFcltsAmt
Other Revenue$64,233OtherRevenueAmt
Revenue Not Reported$354,233RevenueNotReportedAmt
Revenue Subtotal$952,348RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$952,348TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$949,078TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$60,000DonatedServicesUseFcltsAmt
Other Expenses Included$390,579OtherExpensesIncludedAmt
Expenses Not Reported$450,579ExpensesNotReportedAmt
Expenses Subtotal$498,499ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$498,499TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ORGANIZATION COMPLIES WITH FASB ASC SUB-TOPIC 740-19, INCOME TAXES, WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A MORE LIKELY THAN NOT THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN INCLUDING MAINTAINING TAX-EXEMPT STATUS. THE FOUNDATION BELIEVES ITS FINANCIAL STATEMENTS DO NOT INCLUDE ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:OTHER - SEE PART XIII
PART XII, LINE 2D - OTHER ADJUSTMENTS:OTHER - SEE PART XIII
SCHEDULE D PART XI LINE 2D AND PART XII LINE 2DDURING THE TAX YEAR, CHIMES MM, LLC WAS FORMED AND WILL REPORT THEIR ACTIVITY ON THEIR OWN FORM 1120 TAX RETURN. IN NOVEMBER 2024 OWNERSHIP IN CHIMES SYRACUSE, LLC WAS TRANSFERRED AND REPORTED ON A SEPARATE TAX RETURN FOR A PORTION OF THE YEAR. DESPITE THESE CIRCUMSTANCES, UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THE ORGANIZATION CONTINUES TO BE CONSOLIDATED WITH SEED SYRACUSE, INC. FOR FINANCIAL STATEMENT REPORTING PURPOSES DUE TO THEIR CONTROL. AS A RESULT, THE FINANCIAL STATEMENTS USED FOR PART XI AND XII REFLECT THE CONSOLIDATED FIGURES OF SEED SYRACUSE, INC. AND ITS CONTROLLED ENTITIES, INCLUDING CHIMES MM, LLC AND CHIMES SYRACUSE, LLC, WHILE THE FORM 990 REFLECTS THE FINANCIAL ACTIVITIES OF SEED SYRACUSE, INC AND THE ACTIVITY OF CHIMES SYRACUSE, LLC UNTIL SUCH DATE AS OWNERSHIP WAS TRANSFERRED.

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (5 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
ERIC ALLYN
FAMILY MEMBER OF MAJOR CONTRIBUTOR$170,000GRANT FROM ALLYN FAMILY FOUNDATION.0
MARGARET O'CONNELL
FAMILY MEMBER OF MAJOR CONTRIBUTOR$170,000GRANT FROM ALLYN FAMILY FOUNDATION0
MEAGHAN ALLYN
FAMILY MEMBER OF MAJOR CONTRIBUTOR$170,000GRANT FROM ALLYN FAMILY FOUNDATION.0
PETER KALINOWSKI
FAMILY MEMBER OF MAJOR CONTRIBUTOR$170,000GRANT FROM ALLYN FAMILY FOUNDATION.0
JULIA ALLYN
FAMILY MEMBER OF MAJOR CONTRIBUTOR$170,000GRANT FROM ALLYN FAMILY FOUNDATION.0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2ERIC ALLYN AND MARGARET O'CONNELL ARE MARRIED JULIA ALLYN AND MEAGHAN ALLYN ARE THE DAUGHTERS OF ERIC & MARGARET PETER KALINOWSKI IS ERIC & MARGARET'S SON-IN-LAW ERIC ALLYN, MARK ALLYN, AND DAVID ALLYN ARE BROTHERS
FORM 990, PART VI, SECTION B, LINE 11BTHE 990 IS REVIEWED BY ALL BOARD MEMBERS
FORM 990, PART VI, SECTION B, LINE 12COFFICERS AND DIRECTORS OF THE ORGANIZATION ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST.
FORM 990, PART VI, SECTION C, LINE 19FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATIONS OFFICES. THE FORM 990 IS ALSO AVAILABLE FOR PUBLIC INSPECTION ON GUIDESTAR.COM OR AVAILABLE UPON REQUEST
FORM 990, PART XI, LINE 9:DURING THE TAX YEAR, CHIMES SYRACUSE, LLC, A PREVIOUSLY CONSOLIDATED -100,761. AFFILIATE FOR 990 PURPOSES, BECAME A STAND-ALONE ENTITY AND FILED IT'S OWN TAX RETURN FOR A PORTION OF THE YEAR AND AT YEAR END. IT'S NET ASSET ACTIVITY WAS ELIMINATED FROM SEED SYRACUSE, INC'S FORM 990 TO REFLECT THE CHANGE IN CONSOLIDATION. THIS ADJUSTMENT DOES NOT REPRESENT A GAIN OR LOSS TO THE ORGANIZATION BUT RATHER A REPORTING CHANGE TO REFLECT THE UPDATED ORGANIZATIONAL STRUCTURE.
FORM 990, PART XII, LINE 2CTHE AUDIT AND FINANCE COMMITTEE OF THE FOUNDATION ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT.
FORM 990, PAGE 1, SECTION BELECTION FOR NON TREATMENT AS TAX EXEMPT ENTITY PURSUANT TO IRC SEC. 168(H)(6)(F)(II) CHIMES MM LLC 484 S SALINA STREET, SUITE 201 SYRACUSE, NY 13202 EMPLOYER IDENTIFICATION NUMBER : 99-0897460 FOR THE YEAR ENDING DECEMBER 31, 2024 CHIMES MM LLC HEREBY MAKES AN ELECTION UNDER SECTION 168(H)(6)(F)(II) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), WHICH PROVIDES THAT ANY GAIN RECOGNIZED BY A TAX-EXEMPT ENTITY (AS DEFINED IN SECTION 168(H)(2) OF THE CODE) ON ANY DISPOSITION OF AN INTEREST IN, AND ANY DIVIDEND INCOME OR INTEREST INCOME RECEIVED OR ACCRUED BY A TAX-EXEMPT ENTITY FROM CHIMES MM LLC, SHALL BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME FOR PURPOSES OF INTERNAL REVENUE CODE SECTION 511.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1CHIMES SYRACUSE LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1484 S SALINA STAddressLine1Txt
CitySYRACUSECityNm
State AbbreviationNYStateAbbreviationCd
ZIP13202ZIPCd
FieldValueIRS element (for citing)
EIN932231233EIN
Primary ActivitiesRENTAL REAL ESTATEPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdControlled OrganizationControlledOrganizationInd
SYRACUSE URBAN PARTNERSHIP INC
11 FENNELL STREET STE 1SKANEATELESNY13152825069452PRIVATE FOUNDATIONNY0
ALLYN FAMILY FOUNDATION INC
11 FENNELL STREET STE 1SKANEATELESNY13152156017723PRIVATE FOUNDATIONNY0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerInd
CHIMES SYRACUSE LLC
484 S SALINA STSYRACUSENY13202922231233RENTAL REAL ESTATENY00
CHIMES MT LLC
484 S SALINA STSYRACUSENY13202331878958RENTAL REAL ESTATENY00

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1CHIMES MM LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1484 S SALINA ST SUITE 201AddressLine1Txt
CitySYRACUSECityNm
State AbbreviationNYStateAbbreviationCd
ZIP13202ZIPCd
FieldValueIRS element (for citing)
EIN990897460EIN
Primary ActivitiesRENTAL REAL ESTATEPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Entity TypeCEntityTypeTxt
Ownership1.00000OwnershipPct
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth OrgYes (1)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (5 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
ALLYN FAMILY FOUNDATION INC
E$1,255,295PRINCIPAL AND INTEREST
ALLYN FAMILY FOUNDATION INC
C$170,000CONTRIBUTION
CHIMES MM LLC
D$1,255,295PRINCIPAL AND INTEREST
SYRACUSE URBAN PARTNERSHIP INC
J$20,400LEASE AGREEMENT
CHIMES MM LLC
B$9,076,151CONTRIBUTION

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