2026-05-12T17:17:56-05:00 2025-06-30 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2024-07-01 061818759 THE SEED SCHOOL OF MARYLAND SEED 4108439477 200 FONT HILL AVENUE BALTIMORE MD 212232703 GERARDO A LUNA NETWORK CFO 4108439477 2026-05-11 1 1 MEREDITH BELL P01696827 8042822121 2026-05-11 2024 2025-03-06 01:10:19Z KIRK SYKES 200 FONT HILL AVENUE BALTIMORE MD 212232703 23362851 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. 25 24 187 25 0 0 8176018 4672407 18028356 18524581 12596 14675 34727 71963 26251697 23283626 39000 40846 0 0 12393078 11786465 0 0 571573 9934110 11109596 22366188 22936907 3885509 346719 47315220 47008000 17202296 16548357 30112924 30459643 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 19173663 40846 18524581 PROVIDE OUTSTANDING INTENSIVE RESIDENTIAL EDUCATION PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE. 19173663 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 82 0 1 187 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 24 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 MD X GERARDO A LUNA 4108439477 200 FONT HILL AVENUE BALTIMORE MD 212232703 LESLEY POOLE TRUSTEE/CEO SEED FND 1.00 41.00 X 0 328338 35108 ERIC ADLER CO-FOUNDER 1.00 2.00 X 0 0 0 STEVE FEDDER BOARD CHAIR 3.00 2.00 X X 0 0 0 CHRIS ROSENTHAL FINANCE COMMITTEE CHAIR 1.00 X 0 0 0 JOE MARTEL DEVELOPMENT COMMITTEE CHAIR 1.00 X 0 0 0 DENISE ANDREWS GOVERNMENT RELATIONS CHAIR 1.00 X 0 0 0 KAREN BARNES EDUCATIONAL COMMITTEE CHAIR 1.00 X 0 0 0 MICHELLE BONDIMA BOARD MEMBER 1.00 X 0 0 0 MONIQUE BOOKER BOARD MEMBER 1.00 X 0 0 0 JERNEE BRAMBLE BOARD MEMBER 1.00 X 0 0 0 TUCK BURCH BOARD MEMBER 1.00 X 0 0 0 ANTONIO CAMPBELL BOARD MEMBER 1.00 X 0 0 0 STUART CHERRY BOARD MEMBER 1.00 X 0 0 0 BRIAN FIELD BOARD MEMBER 1.00 X 0 0 0 LAURA GREEN BOARD MEMBER 1.00 X 0 0 0 ANTHONY HAWKINS BOARD MEMBER 1.00 X 0 0 0 SAM LENNON BOARD MEMBER 1.00 X 0 0 0 ERIC LOEB BOARD MEMBER 1.00 X 0 0 0 STEVE MACMANUS BOARD MEMBER 1.00 X 0 0 0 JOHN MILLER BOARD MEMBER 1.00 X 0 0 0 MARC MILLER BOARD MEMBER 1.00 X 0 0 0 DAMIEN MYERS BOARD MEMBER 1.00 X 0 0 0 IESHA PANKEY BOARD MEMBER 1.00 X 0 0 0 REGGIE SMALLWOOD BOARD MEMBER 1.00 X 0 0 0 BILL WHITING BOARD MEMBER 1.00 X 0 0 0 KIRK SYKES HEAD OF SCHOOL 40.00 X 226265 0 34970 GERARDO LUNA NETWORK CFO 16.00 24.00 X 88811 108547 24689 KATIE DEL CARMEN BYRAM DIRECTOR OF DEVELOPMENT 40.00 X 132731 0 35975 JOANN CHANDLER-ROBINSON CHIEF OF STAFF 40.00 X 110804 0 41990 TASHAWNA MILLER DIRECTOR OF ACADEMICS 40.00 X 127311 0 16373 JENNIFER AHN ASSISTANT PRINCIPAL 40.00 X 119632 0 34892 AMIE CORTEZ MATH TEACHER 40.00 X 112177 0 36440 917731 436885 260437 16 0 1 0 THE SEED FOUDATION 1730 RHODE ISLAND AVE NW 713 WASHINGTON DC 20036 MANAGEMENT FEES 1201400 ALADDIN FOOD MANAGEMENT SERVICES LLC 16567 COLLECTION CTR DR CHICAGO IL 606931656 FOOD SERVICE 1034049 WOODLAWN MOTOR COACH INC 6523 BALTIMORE NATIONAL PIKE BALTIMORE MD 21228 TRANSPORTATION 705925 ANGO OF BALTIMORE 1406 B CRAIN HIGHWAY SOUTH SUITE 1 GLEN BURNIE MD 21061 CLEANING SERVICES 484796 EQUIPOISE PROTECTION 2816 KENTUCKY AVENUE BALTIMORE MD 21216 SECURITY SERVICES 221738 13 202215 3604601 865591 4672407 PER PUPIL ALLOCATION 900099 18458557 18458557 SCHOOL BASED HEALTH CA 900099 66024 66024 18524581 14675 14675 26206 202215 79225 -53019 -53019 BAD DEBT RECOVERY 900099 88558 88558 CAFETERIA 900099 36424 36424 124982 23283626 18524581 0 86638 40846 40846 403621 403621 9222953 8553164 476124 193665 306236 306236 1119280 1951870 -886259 53669 734375 10156 724118 101 1103000 1103000 23436 1500 21936 166027 166027 1609045 1426943 112787 69315 50101 23541 26560 237187 194963 36092 6132 143978 112140 31818 20 1359007 1270654 58947 29406 947448 917758 22803 6887 183331 167867 14800 664 400242 374146 17411 8685 1529580 1431849 65204 32527 440874 23438 416892 544 STUDENT FOOD SERVICES 1343943 1320221 16788 6934 STUDENT ACTIVITIES 1314014 1265471 27 48516 DEVELOPMENT EXPENSES 86770 86770 BAD DEBT EXPENSES 59065 66402 -7337 112548 20734 90636 1178 22936907 19173663 3191671 571573 4901886 7994041 3896760 1376156 1176 4000 104498 220399 53060655 17349795 36780150 35710860 1630750 1702544 47315220 47008000 1331839 1548576 82960 150000 15745670 14692307 41827 157474 17202296 16548357 X 27191941 27672864 2920983 2786779 30112924 30459643 47315220 47008000 346719 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48361677 16662146 31699531 335209 129190 206019 4363769 558459 3805310 35710860 DUE TO THE SEED FOUNDATION, INC. 157474 157474 X 23359963 -2888 -2888 23362851 -79225 -79225 23283626 23013244 79225 79225 22934019 2888 2888 22936907 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, 2025. 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 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS TO EXPENSE -2,888. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED ON PART VIII LINE 8B -79,225. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED ON PART VIII LINE 8B 79,225. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS TO EXPENSE 2,888. 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. THE SCHOOL ALSO RECEIVES FEDERAL TITLE GRANTS ADMINISTERED BY THE STATE EDUCATION AGENCY TO HELP COVER ADDITIONAL COSTS FOR SERVING UNDERSERVED STUDENTS. HEBROS GOLF TOURNAMENT 150376 125356 25020 25020 19456 RUN UP TO JUNETEENTH 78045 76859 1186 34749 228421 202215 26206 25020 54205 79225 -53019 1 SCHOLARSHIP FOR COLLEGE 23 40846 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, HEAD OF SCHOOL 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 0 X X X X 0 0 0 0 0 0 0 0 0 LESLEY POOLE TRUSTEE/CEO SEED FND 0 313170 0 12000 0 3168 0 15986 0 19122 0 363446 0 0 KIRK SYKES HEAD OF SCHOOL 226265 0 0 0 0 0 13768 0 21202 0 261235 0 0 0 GERARDO LUNA NETWORK CFO 88811 108547 0 0 0 0 5344 6531 5692 7122 99847 122200 0 0 KATIE DEL CARMEN BYRAM DIRECTOR OF DEVELOPMENT 132731 0 0 0 0 0 4168 0 31807 0 168706 0 0 0 JOANN CHANDLER-ROBINSON CHIEF OF STAFF 110804 0 0 0 0 0 4298 0 37692 0 152794 0 0 0 PART I, LINE 1A KIRK SYKES, HEAD OF SCHOOL RECEIVED NON-TAXABLE HOUSING BENEFITS IN THE AMOUNT OF $18,000. THE HEAD OF SCHOOL AS A REQUIREMENT OF EMPLOYMENT MUST RESIDE ON CAMPUS. HOUSING IS PROVIDED FOR THIS PURPOSE. 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 ITS BUDGET CONSTRAINTS. A MARYLAND HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY 520936091 2019-10-17 20500000 REFINANCE AND RENOVATIONS 0 0 0 A 5677000 20500000 315077 20636598 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 A, LINE 5 AN UNAUTHORIZED ACTOR ACTING AS A BANKING REPRESENTATIVE MANAGED TO EXTRACT OUTGOING WIRES IN THE AMOUNT $2.9M. WORKING WITH BANKING AND ENFORCEMENT OFFICIALS THE SCHOOL MANAGED TO RECOVER $2.71M IN FUNDS AND WAS ABLE TO MITIGATE THE REMAINING OUTSTANDING BALANCE OF $627K USING INSURANCE. THE SCHOOL PUT IN PLACE UPGRADED INTERNAL BANKING CONTROLS AND APPROPRIATE CYBERSECURITY TRAINING AND AWARENESS FOR FINANCE PERSONNEL. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE SEED SCHOOL OF MARYLAND, INC. IS THE SEED FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER MAY ADMIT ANY NUMBER OF ADDITIONAL MEMBERS OF THE CORPORATION IN ACCORDANCE WITH THE AMENDED AND RESTATED BY-LAWS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B A TRUSTEE ELECTED PURSUANT TO THE BY-LAWS OF THE CORPORATION MAY BE REMOVED AT ANY TIME AND FOR ANY REASON, WITH OR WITHOUT CAUSE, BY THE SOLE MEMBER OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE INITIAL DRAFT OF THE 990 IS COMPLETED IT IS FORWARDED TO THE HEAD OF SCHOOL AND THE NETWORK CFO FOR INITIAL REVIEW. AFTER THIS REVIEW, THE 990 IS SENT TO SEED MD'S BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM EACH YEAR AND ARE REQUIRED TO REPORT IF THIS INFORMATION CHANGES DURING THE YEAR. IN ADDITION, THIS POLICY IS APPLICABLE TO OFFICERS AND EMPLOYEE OF THE SEED SCHOOL OF THE MARYLAND TO AVOID CONFLICS OF INTEREST, EACH TRUSTEE OF THE SEED SCHOOL OF MARYLAND, INC. WILL DISCLOSE TO THE REMAINING TRUSTEE OR TRUSTEES SITUATIONS OR AREAS IN WHICH IT MIGHT APPEAR THAT A TRUSTEE HAS CONFLICTING DUTIES TO OTHER ENTITIES. WHERE SUCH A CONFLICT EXISTS, THE TRUSTEE WHO HAS SUCH A CONFLICT WILL WITHDRAW FROM THE DEBATE AND SHALL NOT VOTE ON THE MATTER IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE HEAD OF SCHOOL IS DETERMINED BY THE BOARD OF DIRECTORS AND REVIEWED AS NECESSARY BY THE BOARD OF DIRECTORS EXECUTIVE COMMITTEE. IN ADDITION, A COMPARATIVE SALARY SURVEY WAS PERFORMED BY THE BOARD AT TIME OF HIRE. MOST RECENTLY, IN SEPTEMBER 2024, A COMPENSATION STUDY USING OUTSIDE SOURCES WAS PERFORMED. THE BOARD DECISIONS WERE IN THE BOARD MINUTES AT 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). 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 SEED FOUNDATION 1730 RHODE ISLAND AVE SUITE 713 WASHINGTON DC 20036 541850819 MANAGERIAL SUPPORT AND DEVELOPMENT OF SCHOOLS DC 501(C)(3) LINE 7 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0