2011-11-11T16:20:07-05:00 2010-12-31 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174011 990 2010-01-01 132875743 STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION STRU 2124730255 915 BROADWAY 17TH FLOOR NEW YORK NY 10010 blah 2010-10-10 2125429609 2010 2016-03-07 17:11:31Z Barbara Dwyer Gunn PRESIDENT 915 BROADWAY 17TH FLOOR NEW YORK NY 10010 47336501 false X WWW.SEEDCO.ORG X 1976 NY Seedco helps low-income people and communities move toward economic prosperity by creating economic opportunities for job seekers, workers, and small business owners in disadvantaged communities. 10 10 335 0 0 0 44758522 45345652 68587 12998 13987 628 1913655 1977223 46754751 47336501 27747609 27921274 0 0 11929721 12814693 68775 0 469304 5873923 6572209 45620028 47308176 1134723 28325 18617633 16341473 13246911 10942426 5370722 5399047 X SEEDCO, STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION, IS A NATIONAL COMMUNITY DEVELOPMENT ORGANIZATION THAT WORKS WITH LOCAL NONPROFITS TO CREATE ECONOMIC OPPORTUNITIES FOR JOB SEEKERS, WORKERS, AND SMALL BUSINESS OWNERS IN DISADVANTAGED COMMUNITIES. THROUGH INNOVATIVE PROGRAMS, FINANCIAL ASSISTANCE, AND TECHNICAL SUPPORT, SEEDCO PROMOTES ECONOMIC DEVELOPMENT AND STRENGTHENS COMMUNITY-BASED NONPROFIT ORGANIZATIONS. SEEDCO'S PROGRAMS ARE DESIGNED TO: 1) SUPPORT LOW-INCOME JOB SEEKERS TO FIND AND SECURE EMPLOYMENT AND ACCESS SUPPORTS AND BENEFITS SUCH AS FOOD STAMPS AND THE EARNED INCOME TAX CREDIT AND 2) HELP LOW-INCOME WORKERS ACHIEVE FINANCIAL SECURITY AND CAREER ADVANCEMENT BY INCREASING THEIR EARNINGS AND BUILDING THEIR SKILLS AND ASSETS. SEEDCO ALSO ASSISTS SMALL BUSINESSES BY PROVIDING BUSINESS PLANNING, MARKETING ASSISTANCE, ACCESS TO FINANCING, AND OTHER SERVICES. SEEDCO DEVELOPS NEW AND INNOVATIVE PROGRAM MODELS FROM EVIDENCE-BASED RESEARCH AND ON-THE-GROUND EXPERIENC false false 23509727 17116927 0 Workforce Development: Seedco provides career counseling and job readiness training to more than 70,000 disadvantaged job seekers and helps more than 20,000 individuals to gain employment each year. Seedco's workforce development programs provide a continuum of job placement, retention, and career advancement services to a wide range of job seekers and workers. We tailor these services to best meet the needs of hard-to-serve populations - such as long-term public assistance recipients, noncustodial parents, and those with low literacy levels and other barriers to employment. Additionally, Seedco designs and operates its workforce development programs to effectively work with job seekers and employers alike. We do this by leveraging all available resources, including those of our community-based and government partners. Central to this strategy is a demand-driven approach that targets specific growth industries and ensures that workers have the necessary skills to meet the needs of employers. 14291856 10168096 12998 Asset Building: Seedco's Asset Building efforts link low-wage workers and their families to public benefits and work supports, counseling services, and cash payments that have a proven impact on long-term job retention and financial security. Asset Building is comprised of three key programs: 1) their model work supports program, EarnBenefits; 2) their National Housing Counseling Network; and 3) OpportunityNYC, New York City's conditional cash transfer pilot program. EarnBenefits connects workers to benefits such as Food Stamps, the Earned Income Tax Credit, and subsidized health insurance through an online application system combined with case management services in five cities around the country. Seedco provides Housing Counseling services through a network of 43 affiliates in 13 states and Washington D.C., offering pre- and post-purchase counseling, rental assistance, and assistance for the homeless. In New York City, Seedco has partnered with Mayor Michael Bloomberg's Center for Economic Opportunity to implement Opportunity NYC, a program that provides monetary incentives to households and workers living in poverty when they complete activities aimed at breaking the cycle of poverty. Since 2005, SEEDCO has helped 51,000 working individuals and families secure recipt of more than $71 million in work support and government benefits. 2377312 636249 0 Other Core Programs: Small Business Assistance - In New York City, Seedco helps small businesses start up and expand through a variety of services, including financial assistance, business planning, and referrals for professional services. Seedco's small business efforts largely occur at the New York City Business Solutions Centers in Upper and Lower Manhattan, funded by the New York City Department of Small Business Services. Technical Assistance - Seedco provides technical assistance and capacity building services to government agencies and programs, non-profit intermediaries, and faith- and community-based organizations. Some of Seedco's clients have included the U.S. Department of Labor, the Annie E. Casey Foundation, as well as the organizations in Seedco's community-based partnership networks in 13 states around the country. 40178895 true true false true false false false false false true false false false 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 true false false false true 42 0 true 335 true false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true true false DE GA MD NY TN X PAUL SCHUCHERT 2124730255 915 BROADWAY 17TH FLOOR NEW YORK NY 10010 George A Pruitt 1.0 X X 4500 0 0 Lilliam Barrios-Paoli 1.0 X X 0 0 0 Judith G Clabes 1.0 X X 2900 0 0 Stanley Brezenoff 1.0 X 0 0 0 Maurice L Coleman 1.0 X 3500 0 0 Paul R Franke III 1.0 X X 3500 0 0 Robert P Giloth 1.0 X 0 0 0 Mitchell Gordon 1.0 X 0 0 0 Demetra Smith Nightingale 1.0 X 3500 0 0 Sandra L Phillips 1.0 X 2600 0 0 Julie Hertzog 35.0 X 143408 0 17025 Barbara dwyer Gunn 35.0 X 266666 0 0 paul schuchert 35.0 X 71074 0 300 Solomon Malach 35.0 X 151149 0 24910 Gail Quan 35.0 X 147540 0 14905 Tammy Folk 35.0 X 141682 0 15094 Laura Seidel 35.0 X 137968 0 27997 Diane Baillargeon 35.0 X 176707 0 13795 William Grinker X 0 149786 14140 1256694 149786 128166 11 true true false ZOTECA INC 64 BEAVER STREET SUITE 195 NEW YORK NY 10004 Software Consultant 565589 Accenture LLP PO Box 70629 CHICAGO IL 60673 Fin Modeling Consult 152700 Conservation Services Group Inc BOA Lockbox Services DORCHESTER MA 02125 Training Services 127809 GRANT THORNTON LLP 33570 TREASURY CENTER CHICAGO IL 60694 Financial Auditors 101996 4 32102676 13242976 45345652 PROGRAM/PROCESSING FEES 900099 12998 12998 12998 628 628 0 0 0 0 0 0 MANAGEMENT FEES FROM SFS 900099 1288347 1288347 REFUNDED GRANTS 900099 413340 413340 PY ACCRUED EXPENSE WRITE OFF 900099 265209 265209 10327 10327 1977223 47336501 12998 1977851 16162962 16162962 11758312 11758312 0 0 549042 378839 153732 16471 0 10012972 6929396 2807434 276142 444139 308228 123934 11977 928288 644223 259032 25033 880252 610887 245628 23737 0 28146 1048 27098 0 126452 4711 121741 0 40968 40968 0 0 1150591 657282 443221 50088 121904 108363 12636 905 691881 330530 359600 1751 592287 272993 319294 0 0 1466560 742225 666169 58166 245703 203044 41648 1011 0 142183 119236 22947 0 100787 0 100787 0 0 591168 0 591168 0 100557 9628 90929 0 RECRUITMENT & TEMP PERSONNEL 1088654 1034895 51336 2423 BAD DEBT EXPENSE 196701 196701 0 0 MEMBERSHIP DUES & SUBS. 83118 21688 61022 408 BOARD EXPENSES 35271 0 35271 0 MISCELLANEOUS 184215 98641 84382 1192 -414937 -414937 47308176 40178895 6659977 469304 7042070 2154313 8810420 11481235 686184 624815 996 775 213570 0 5232013 3925551 1351586 1306462 512807 773873 18617633 16341473 3703106 3544248 3574328 711281 1850000 2567420 4119477 4119477 13246911 10942426 X 2801583 1931428 2569139 3467619 5370722 5399047 18617633 16341473 28325 X false true true X true true X 10746135 24808436 39401615 44758522 43345652 163060360 10746135 24808436 39401615 44758522 43345652 163060360 163060360 270111 287652 174889 15629 628 748909 0 1077781 602065 1913655 1563883 5157384 168966653 1520525 0.96505 0.96612 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 40968 40968 false false Schedule C, Lobbying Activities Seedco does not undertake any active lobbying activities; however, it does pay a consulting firm to undertake lobbying initiatives on its behalf. For the year ending December 31, 2010, Seedco paid Capalino & Company $34,050 and Manatt Phelps $6,918 to lobby on behalf of Seedco on issues pertinent to its tax exempt mission. 1449020 1208163 240857 3131785 2201579 930206 651208 515809 135399 1306462 0 DUE TO SEEDCO FINANCIAL SERVICES 4119477 4119477 47336501 47308176 28325 28325 46923161 46923161 413340 413340 47336501 46894836 -413340 -413340 47308176 47308176 Fin 48 Part X Seedco adopted guidance, under FASB ASC 740, "Income Taxes", that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement as of January 1, 2010. This pronouncement provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained should it 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. Seedco is exempt from income tax under the Code, however, is subject to tax on income unrelated to its exempt purposes, unless that income is otherwise excluded under the Code. The tax years ending 2007, 2008, 2009 and 2010 are still open to audit for both federal and state purposes. The adoption of this guidance did not have an impact on the Seedco's consolidated financial statements as management believes that there are no uncertain tax positions within its financial statements. Schedule D, Parts XI, XII & XIII - Reconciliation Structured Employment Economic Development Corporation (SEEDCO) files a consolidated audited financial statement with its subsidiaries, N-PAC and Seedco Financial Services. SEEDCO's Part XI reconciliation reconciles back to SEEDCO's profit and loss data in the financial statements and does not take into account its subsidiary's data as each organization's financial operations are identified separately before consolidation. Schedule D Reconciliation of Revenue Part XII, Line 4b: Prior year granted funds refunded to SEEDCO: $413,340 Reconciliation of Expenses Part XIII, Line 2d: Prior year granted funds refunded to SEEDCO: ($413,340) true 28TH Legislative District and Community Developmen PO Box 4703 Chattanooga TN 37405 621548179 501(c)3 11074 Asset Building A Share Initiative Inc 5508 Citrus Boulevard Harahan LA 70123 202258602 501(c)3 23056 Asset Building Ace Development Corp 215 Lakewood Way SW Suite 104B Atlanta GA 30315 582233471 501(c)3 18310 Asset Building Air Seal Insulation Systems 234 6th Street Brooklyn NY 11215 010798129 8093 Workforce Development Alabama A&M University Comm Development Corp 117 Wholesale Avenue Huntsville AL 35811 311659380 501(c)3 15407 Asset Building Asian American Resource Foundation Inc 2855 Rolling Pin Lane Suwanee GA 30024 582321987 501(c)3 30000 Asset Building Associated Catholic Charities 1966 Greenspring Drive Suite 200 Timoninum MD 21093 520591538 501(c)3 72675 Asset Building Association for Energy Affordability 105 Bruckner Boulevard Bronx NY 10454 133374285 501(c)3 22759 Workforce Development Association House of Chicago 1116 North Kedzie Avenue Chicago IL 60651 362166961 501(c)3 10807 Asset Building Atlanta Workforce Development Agency Board 818 Pollard Blvd Atlanta GA 30315 581336367 501(c)3 34000 Asset Building Baltimore CASH Campaign 111 Water Street Suite 201 Baltimore MD 21202 522278450 501(c)3 17236 Asset Building Baltimore Health Care Access 201 E Baltimore Street Suite 1000 Baltimore MD 21202 522017095 501(c)3 10000 Asset Building Bedford Stuyvesant Restoration Corporation 1368 Fulton Street Brooklyn NY 11261 116083182 93891 Workforce Development Belair-Edison Neighborhoods Inc 3412 Belair Road Baltimore MD 21213 521755185 501(c)3 37197 Asset Building Binghampton Development Corporation 3000 Walnut Grove Road at Tillman Memphis TN 38111 200062075 501(c)3 15540 Asset Building Birmingham Homeownership Center 4117 Second Ave South Birmingham AL 35222 320094219 501(c)3 56804 Asset Building Bon Secours of Maryland Foundation Inc 26 North Fulton Avenue Baltimore MD 21223 521732800 501(c)3 56780 Asset Building Borough of Manhattan Community College - Continuin 199 Chambers Street New York NY 10007 133224400 75000 Asset Building Bridges USA Inc 477 North 5th Street Memphis TN 38105 237081488 501(c)3 1692801 Workforce Development BronxWorks Inc 60 East Tremont Bronx NY 10453 133254484 501(c)3 890503 Workforce Development / Asset Building Brooklyn Housing and Family Services 415 Albemarle Road Brooklyn NY 11218 112412584 501(c)3 198278 Asset Building Brownsville Community Development Center 592 Rockaway Avenue Brooklyn NY 11212 112544630 501(c)3 114729 Asset Building Canner City LLC 15 Garden Place Brooklyn NY 11201 5592 Workforce Development Case Management 4041 Knight Arnold Road Memphis TN 38118 621434530 501(c)3 1844550 Workforce Development Catholic Charities Brooklyn and Queens 191 Joralemon Street Brooklyn NY 11201 111687465 40000 Asset Building Catholic Charities Community Services (Catholic Ch 1011 First Avenue New York NY 10022 135562185 501(c)3 115570 Asset Building Catholic Charities of Archdiocese of Baltimore 320 Cathedral Street Baltimore MD 21201 520591538 55056 Asset Building Catholic Charities of Spokane 12 East 5th Avenue Spokane WA 99202 910569880 40000 Asset Building Catholic Charities of West Tennessee 1325 Jefferson Avenue Memphis TN 38104 621451404 7500 Asset Building Century 21 Department Store 22 Cortlandt Street New York NY 10007 134144073 83306 Workforce Development Chinese-American Planning Council Inc 150 Elizabeth Street New York NY 10012 136202692 501(c)3 505163 Workforce Development Christ Community Health Services Inc 2595 Central Avenue Memphis TN 38104 621583270 501(c)3 39846 Asset Building CAMBA Inc 1720 Church Avenue Brooklyn NY 11226 112480339 501(c)3 599385 Workforce Development / Asset Building Community Development Council of Greater Memphis 1548 Poplar Avenue Memphis TN 38104 621514675 501(c)3 24419 Asset Building Conservation Services Group 50 Washington Street Suite 3000 Westborough MA 01581 043509945 127809 Technical Assistance Cooperative Home Care Associates 349 E 149th Street 5 Bronx NY 10451 133238142 150413 Workforce Development Corporation to Develop Communities of Tampa Inc 1907 E Hillsborough Avenue Tampa FL 33610 593150608 501(c)3 58569 Asset Building Cypress Hills Local Development Corp 625 Jamaica Avenue Brooklyn NY 11208 112683663 501(c)3 304890 Workforce Development / Asset Building D&E A Financial Education & Training Institute 4820 Jonesboro Road Forest Park GA 30297 582515058 501(c)3 212926 Asset Building Dominion Financial Management INC 660 Fitzhugh Blvd Suite 108 Smyrna TN 37167 562140536 501(c)3 58105 Asset Building Episcopal Community Development Inc 31 Mulberry Street Newark NJ 07102 223072251 501(c)3 93548 Asset Building Exchange Club Family Center 139 Thomspon Lane Nashville TN 37211 621237360 501(c)3 65188 Asset Building Families of Incarcerated Individuals Inc 1380 Poplar Avenue Memphis TN 38104 581982435 501(c)3 22945 Asset Building Family Services Agency 628 W Broadway Suite 300 North Little Rock AS 72114 710237511 501(c)3 17081 Asset Building Fifth Ward Community Redevelopment Corp PO Box 21502 Houston TX 77226 760288037 501(c)3 49158 Asset Building Financial Counselors of America PO Box 111124 Memphis TN 38111 621851924 501(c)3 62266 Asset Building Five Guys New York LLC 156 Fifth Avenue Suite 1234 New York NY 10010 24167 Workforce Development Frayser Community Development Corp 3684 N Watkins Memphis TN 38127 582158058 501(c)3 34425 Asset Building Gay Men's Health Crisis 119 West 24th Street 5th Floor New York NY 10011 133130146 501(c)3 261198 Workforce Development Greater Deliverance Baptist Church 705 Joseph E Lowery Boulevard NW Atlanta GA 30318 580566245 501(c)3 7500 Asset Building Groundwork Inc 595 Sutter Avenue Brooklyn NY 11207 731625176 501(c)3 107570 Asset Building Hampden Family Center 1104 West 36th Street Baltimore MD 21211 521911153 43750 Asset Building Harlem Congregations for Community Improvement In 2854 Frederick Douglas Blvd New York NY 10039 133516262 501(c)3 43363 Asset Building Hellenic American Neighborhood Action Committee (H 29 West 45th Street 4th Floor New York NY 10036 112290832 501(c)3 84763 Workforce Development Henry Street Settlement 265 Henry Street New York NY 10002 131562242 501(c)3 366622 Workforce Development Highbridge Community Life Center Inc 979 Ogden Avenue Bronx NY 10452 133015539 501(c)3 331772 Workforce Development Housing Conservation Coordinators Inc 777 Tenth Avenue New York NY 10019 510141489 501(c)3 33633 Asset Building Humboldt Park Social 3051 W Armitage Ave Chicago IL 60647 363731388 501(c)3 10508 Asset Building Impeccable Impression 45 Main Street Suite 311 Brooklyn NY 11201 15393 Workforce Development Interagency Council of Mental Retardation & Develo 150 West 30th Street 15th Floor New York NY 10001 132938951 501(c)3 7500 Workforce Development Jenny Trim 4510 White Plains Road Bronx NY 10470 20296 Workforce Development Job Opportunities Task Force 111 Water Street Baltimore MD 21202 522278450 501(c)3 82492 Asset Building MANNA Inc 828 Evarts Street NE Washington DC 20018 521260698 501(c)3 12614 Asset Building Memphis Area Legal Services 109 N Main Street 2nd Floor Clari Memphis TN 38103 620841436 501(c)3 235593 Asset Building Memphis Housing Resource Center INC 2400 Poplar Avenue Suite 220 Memphis TN 38112 621601035 501(c)3 41436 Asset Building Near West Side Community Development Corp 216 South Hoyne Avenue Chicago IL 60612 363607203 13333 Asset Building Neighborhood Housing Opportunities 1548 Poplar Avenue Memphis TN 38104 621368173 501(c)3 14425 Asset Building Neighborhood Housing Services of Baltimore 819 Park Avenue Baltimore MD 21201 521007666 26955 Asset Building New Heights Neighborhood Center Inc 216 Fort Washington Avenue 2nd Flo New York NY 10032 320039696 501(c)3 22173 Workforce Development NEWSED Community Development Corp 1029 Santa Fe Drive Denver CO 80204 742275534 501(c)3 11325 Asset Building Northern Manhattan Improvement Corp 76 Wadsworth Avenue New York NY 10033 132972415 501(c)3 531472 Workforce Development / Asset Building Orange Mound Development Corp 2395 Park Avenue Memphis TN 38114 621507096 501(c)3 14630 Asset Building Paraprofessional Healthcare Institute 349 East 149th Street 5th Floor Bronx NY 10451 133575492 67783 Workforce Development People's Organization for Social Equality Inc 1034 31st Street Kenner LA 70062 721209712 501(c)3 22804 Asset Building Phipps Community Development Corp 902 Broadway 13th Floor New York NY 10451 132707665 501(c)3 66990 Asset Building Porter-Leath (Children's Bureau Inc) 868 North Manassas Street Memphis TN 38107 581409385 501(c)3 1727476 Workforce Development / Asset Building Preferred Home Care of New York 1267 57th Street Brooklyn NY 11219 24022 Workforce Development RDS Delivery 436 East 11th Street New York NY 10009 112325711 18377 Workforce Development Ridgewood Bushwick Senior Citizens Council INC 555 Bushwick Avenue Brooklyn NY 11206 112453853 501(c)3 80079 Asset Building River City Housing 610 S Fourth Street 701 Louisville KY 40202 611229107 16000 Technical Assistance Riverbay Corporation 2049 Bartow Avenue Bronx NY 10475 132571433 56332 Workforce Development SEEDCO Financial Services Inc 915 Broadway 18th Floor New York NY 10010 593814814 501(c)3 273532 Community Entrepreneurship / Asset Building Sheraton Brooklyn 228 Duffield Street Brooklyn NY 11201 47578 Workforce Development Single Parent Alliance and Resource Center 4650 Jimmy Carter Blvd Suite 116B Norcross GA 30093 582605168 501(c)3 10000 Asset Building Saint Vincent de Paul Society Inc 2050-C Chamblee Tucker Road Atlanta GA 30341 580967972 501(c)3 30100 Asset Building Southeast Chicago Development Commission 2938 E 91st Street Suite 106 Chicago IL 60617 363165936 501(c)3 13728 Asset Building Southeast Community Development Corp 3700 Eastern Avenue Baltimore MD 21224 521034466 501(c)3 24067 Asset Building Southeast Memphis Community Development Corp 3150 Lenox Park Blvd Memphis TN 38115 200565167 501(c)3 14706 Asset Building St Nicholas Neighborhood Preservation Corp 11 Catherine Street Brooklyn NY 11211 510192170 501(c)3 476356 Workforce Development / Asset Building Tennessee Community Services Agency 1604 West Reelfoot Avenue Union City TN 38261 621413010 501(c)3 1931831 Workforce Development The Center for Working Families Inc 447 Windsor Street Suite 304 Atlanta GA 30312 432071145 501(c)3 104539 Asset Building The Community College of Baltimore County 800 South Rolling Road Bldg R Roo Baltimore MD 21228 521977456 33141 Asset Building The Development Corporation of Northwest Baltimore 3521 West Belvedere Avenue Baltimore MD 21215 521585905 501(c)3 30497 Asset Building The IMPACT Group 1255 Lakes Parkway Building 100 S Lawrenceville GA 30043 582055819 501(c)3 82777 Asset Building The Sullivan Center 643-645 Dill Avenue SW Atlanta GA 30310 581641941 501(c)3 26250 Asset Building The Works Incorporated 1471 Genesis Circle Memphis TN 38106 621751430 501(c)3 12350 Asset Building Union Settlement Association Inc 237 E 104th Street New York NY 10029 131632530 501(c)3 135381 Workforce Development / Asset Building University of Maryland Baltimore Foundation Inc 515 W Lombard Street 3rd Floor Baltimore MD 21201 311678679 38000 Asset Building University Settlement Society of New York 184 Eldridge Street New York NY 10002 135562374 501(c)3 18885 Asset Building Urban Health Plan 1065 Southern Boulevard Bronx NY 10459 237360305 501(c)3 106163 Asset Building Urban Restoration Enhancement Corp P O Box 73032 Baton Rouge LA 70874 721223347 501(c)3 38375 Asset Building West Jackson CDC 1060 J R Lynch Street Jackson MS 39201 581947657 501(c)3 14095 Asset Building Westside Community Development Corp P O Box 1969 Tuscaloosa AL 35403 631188022 10952 Worcester East Side Community Development Corp 409 Shrewsbury Street Worcester MA 01604 043280116 501(c)3 25959 Asset Building Young Adult Development in Action Inc PO Box 638 Louisville KY 40201 611374470 50000 Asset Building 78 27 participant incentives for NY asset buliding progr 4159 5999913 schedule I- monitoring of grants 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 OMB A-133 reports of grantees, if applicable, and follows up on findings with recipients who have material weaknesses or significant deficiencies in their internal controls to examine their corrective action plans. X X true false false false false false false true false Julie Hertzog 142958 0 0 0 450 0 10138 0 6887 0 160433 0 0 0 Solomon Malach 149091 0 0 0 2058 0 10844 0 14066 0 176059 0 0 0 Gail Quan 147540 0 0 0 0 0 10592 0 4313 0 162445 0 0 0 Tammy Folk 141682 0 0 0 0 0 10024 0 5070 0 156776 0 0 0 Laura Seidel 127705 0 10000 0 263 0 9416 0 18581 0 165965 0 0 0 Diane Baillargeon 165727 0 10000 0 980 0 11673 0 1248 0 189628 0 0 0 William Grinker 0 0 0 50000 0 99786 0 0 0 14140 0 163926 0 149786 Barbara dwyer Gunn 263102 0 0 0 3564 0 0 0 0 0 266666 0 0 0 Form 990, Schedule J, Line 4a President, William Grinker separated from service from related organization, SEEDCO Financial Services in the year ending December 31, 2009. His final payment, including a bonus of $50,000, was made in the first paycheck after his retirement, January 15, 2010. Mr. Grinker, likewise, received a severance payment in 2010 in the amount $99,786. This payment has been reported in Schedule J, part II, column b(iii). Former President, Diane Baillargeon, ceased employment as President of SEEDCO on March 28th, 2010. Subsequent to that date, Ms. Baillargeon continued her employment relationship with SEEDCO as a Senior Policy Advisor. Ms. Baillargeon did not receive any severance payments. Chief Financial Officer, Julie Hertzog, separated from service as of September 15th, 2010. Ms. Hertzog did not receive any severance payments. Form 990, Schedule J, Line 7 Two individual reported on the Form 990, Part VII received bonuses in the year ending December 31, 2010. Former President, Diane Baillargeon, and Senior Vice President, Laura Seidel, received $10,000 bonuses that were determined by the Board of Directors based on exemplar performance. All bonuses were memorialized in the Board Minutes and the recipients were provided written documentation memorializing the issuance of the bonus. FORM 990, PART VI, LINE 11 The Form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's financial department. A copy of the Form 990 was shared with all members of the Board of Directors in draft form via electronic mail. Once the audit committee of the Board approved the Form 990, it was electronically filed with the Internal Revenue Service. FORM 990, PART VI, LINE 12 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 for discussion with the Board; advises when directors must recuse themselves from voting on organization matters; and, with the President, makes determinations on matters pertaining to potential conflicts concerning staff members who are not key employees. FORM 990, PART VI, LINE 15 For all employees of the organization except the president, Seedco has a salary structure that consists of job grades with a minimum, midpoint, and maximum. This structure provides competitiveness with the external market through comparison with relevant market information. An independent consultant used surveys published by Abbot, Langer and Associates and PRM Consulting Group to benchmark Seedco's salaries; the average of nonprofit organizations of comparable size in the New York region is the market target for salary compensation. A pool for salary increases and bonuses for all staff is proposed in the organization's annual budget. This pool is subsequently reviewed and approved by the Board of Directors when it approves the organization's annual budget. The President reviews and approves the salaries and bonuses of all staff of the organization. Compensation for the President is determined by the Board of Directors based on its assessment of the company's overall performance and the President's performance against individual goals. FORM 990, PART VI, LINE 19 Seedco's expansive website contains a section reserved for financial statements under the About Seedco: Our Finances weblink. The organization's financial statements can be found here and there is a notation instructing the public that its governing documents and conflict of interest policy are available upon request by contacting info@seedco.org. The organization's Form 990 is available upon request at its headquarters and can be obtained on www.guidestar.org. SEEDCO FINANCIAL SERVICES INC 915 BROADWAY NEW YORK NY 10010 593814814 FINANCING NY 501(c)(3) 7 NA NON-PROFIT ASSISTANCE CORP 915 BROADWAY NEW YORK NY 10010 133952047 workforce dev NY 501(c)(3) 9 NA EMPOWERMENT REINVESTMENT FUND LLC 915 BROADWAY NEW YORK NY 10010 043671771 FINANCING NY NA related 709826 1435967 false 0 false 0.01000 false true false false true false false false false false false false true true false true false true Seedco Financial Services b 273532 Seedco Financial Services E 1217420 Seedco Financial Services P 1288347 NON PROFIT ASSISTANCE CORPORATION M 108294 NON PROFIT ASSISTANCE CORPORATION N 762652 NON Profit Assistance Corporation P 414937