SEEDING LABS A NON-PROFIT CORPORAT… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

MELISSA WU

Phone

6175003014

Tax Period

2024-01-01 to 2024-12-31

SEEDING LABS A NON-PROFIT CORPORATION, founded in 2007, is a community nonprofit in the Science & Technology sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF SEEDING LABS IS TO PROVIDE RESOURCES FOR SCIENCE IN DEVELOPING COUNTRIES. OUR PROGRAMS FOCUS ON SUSTAINABLY STRENGTHENING SCIENTIFIC INSTITUTIONS IN DEVELOPING COUNTRIES SO THAT THEY ARE BETTER POSITIONED TO TRAIN THE SCIENTIFIC WORKFORCE AND CONTRIBUTE EVIDENCE-BASED SOLUTIONS AND RECOMMENDATIONS TO ADVANCE DEVELOPMENT PRIORITIES.

Program Service Accomplishments

Program 1

Expenses: $3,141,377 Revenue: $442,411

SEEDING LABS LEVERAGES ITS NETWORK OF 250+ DONORS (INCLUDING EQUIPMENT MANUFACTURERS, LIFE SCIENCE COMPANIES, UNIVERSITIES, AND INDIVIDUAL)S TO SIGNIFICANTLY INCREASE ACCESS TO LABORATORY EQUIPMENT AND SUPPLIES FOR SCIENTISTS AND UNIVERSITY STUDENTS IN DEVELOPING COUNTRIES. IN 2024, SEEDING LABS SUPPORTED 15 INSTITUTIONS ACROSS 8 COUNTRIES WITH MORE THAN 33 TONS OFLABORATORY EQUIPMENT AND SUPPLIES. SINCE 2003, 116 INSTITUTIONS HAVE RECEIVED EQUIPMENT FROM SEEDING LABS WITH A FAIR MARKET VALUE OF $15.3M, BENEFITTING RESEARCHERS AND STUDENTS ACROSS 42 DEVELOPING COUNTRIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,998,632

Program Service Revenue $442,411

Investment Income $13,594

Other Revenue $0

TOTAL REVENUE $3,454,637

Expense Breakdown

Grants Paid $2,179,668

Salaries & Benefits $884,573

Fundraising Expenses $241,600

Program Expenses $3,141,377

Other Expenses $499,365

TOTAL EXPENSES $3,563,606

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,454,637	$2,853,182	+0.2%
Expenses	$3,563,606	$3,032,062	+0.2%
Net Income	$-108,969	$-178,880	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$251,124

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VISHAL PATEL PHD	CHAIR	2.00	Officer Director	$0	$0	$0
CHAD JACKSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BEATA DRAGOVICS	TREASURER	2.00	Officer Director	$0	$0	$0
ARAVINDA SOUZA	CLERK	2.00	Officer Director	$0	$0	$0
SAFRAZ ISHMAEL	DIRECTOR (OUTGOING)	2.00	Director	$0	$0	$0
ALAN LEE	DIRECTOR	2.00	Director	$0	$0	$0
HARVEY LODISH PHD	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA TOEPFER	DIRECTOR	2.00	Director	$0	$0	$0
JEAN-CHARLES WIRTH	DIRECTOR	2.00	Director	$0	$0	$0
KALA SUBRAMANIAN	DIRECTOR	2.00	Director	$0	$0	$0
RITA B ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA WU	PRESIDENT & CEO	40.00	Officer	$136,562	$846	$137,408
DAVID QUALTER	ACTING CFO	40.00	Officer	$112,019	$1,697	$113,716

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$3,454,637	$3,563,606	$5,500,631	$-108,969
2023	$2,853,182	$3,032,062	$5,705,305	$-178,880
2022	$5,710,275	$2,615,207	$5,907,368	$3,095,068
2021	$2,907,900	$2,698,229	$3,266,031	$209,671
2020	$2,404,970	$1,967,149	$3,055,496	$437,821
2019	$3,655,780	$2,817,885	$2,544,551	$837,895
2018	$3,105,655	$3,158,424	$1,733,119	$-52,769

SEEDING LABS A NON-PROFIT CORPORATION