THE SMALL ENTERPRISE EDUCATION AND PROMOTION NETWORK INC

EIN: 133840611 501(c)(3)

ARLINGTON, VA

Total Revenue
$1,485,694
Total Expenses
$2,118,437
Total Assets
$1,027,683
Net Assets
$-438,059
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NY
Principal Officer
ALEX SARDAR
Phone
2025341400
Tax Period
2020-01-01 to 2020-12-31

THE SMALL ENTERPRISE EDUCATION AND PROMOTION NETWORK INC, founded in 1995, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2020. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 43% operating deficit.

Mission

THE SEEP NETWORK'S MISSION IS TO EMPOWER OUR MEMBERS TO BE EFFECTIVE AGENTS OF CHANGE AND TO ENHANCE THEIR COLLECTIVE ABILITY TO ACCELERATE LEARNING AND SCALE IMPACT.

Program Service Accomplishments

Program 1
Expenses: $788,837 Revenue: $61,282

RESPONSIBLE FINANCE - SEEP PROVIDES ORGANIZATIONAL AND FINANCIAL SUPPORT TO MICRO-FINANCE ASSOCIATIONS TO ADDRESS CAPACITY GAPS IN AREAS THAT ARE CRUCIAL TO THEIR SUCCESSFUL PROMOTION OF RESPONSIBLE...

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RESPONSIBLE FINANCE - SEEP PROVIDES ORGANIZATIONAL AND FINANCIAL SUPPORT TO MICRO-FINANCE ASSOCIATIONS TO ADDRESS CAPACITY GAPS IN AREAS THAT ARE CRUCIAL TO THEIR SUCCESSFUL PROMOTION OF RESPONSIBLE FINANCE. OUR SUITE OF TOOLS AND EXPERTISE SEEKS TO HELP ASSOCIATIONS ACCELERATE THEIR DEVELOPMENT, EXPAND AND IMPROVE THEIR PRODUCT AND SERVICE OFFERINGS AND CONTRIBUTE TO INDUSTRY-WIDE INNOVATION.

Program 2
Expenses: $133,769 Revenue: $107,591

SAVINGS GROUPS - SEEP AIMS TO EXPAND THE SCALE, INCLUSIVENESS AND IMPACT OF SAVINGS GROUPS BY SUPPORTING DIVERSE STAKEHOLDERS INCLUDING NGOS, FINANCIAL SERVICES PROVIDERS, LOCAL AND NATIONAL...

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SAVINGS GROUPS - SEEP AIMS TO EXPAND THE SCALE, INCLUSIVENESS AND IMPACT OF SAVINGS GROUPS BY SUPPORTING DIVERSE STAKEHOLDERS INCLUDING NGOS, FINANCIAL SERVICES PROVIDERS, LOCAL AND NATIONAL GOVERNMENTS, AND FUNDERS. THROUGH KNOWLEDGE MOBILIZATION, DISSEMINATION AND ACTIONABLE LEARNING OPPORTUNITIES, OUR SAVINGS GROUPS LEARNING INITIATIVES EXPAND THE BODY OF CREDIBLE EVIDENCE, IMPROVE AND SCALE THE APPLICATION OF EFFECTIVE PRACTICES, TECHNOLOGIES, AND BUSINESS MODELS, AND STRENGTHEN ALLIANCES AMONG DEVELOPMENT AND MARKET ACTORS.

Program 3
Expenses: $105,905

MARKETS IN CRISIS: SEEP AIMS TO EXPAND THE SCALE AND EFFECTIVENESS OF STRATEGIES THAT USE THE POWER OF THE MARKET TO SUPPORT PEOPLE, BUSINESS AND SYSTEMS THAT ARE HIGHLY VULNERABLE TO THE...

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MARKETS IN CRISIS: SEEP AIMS TO EXPAND THE SCALE AND EFFECTIVENESS OF STRATEGIES THAT USE THE POWER OF THE MARKET TO SUPPORT PEOPLE, BUSINESS AND SYSTEMS THAT ARE HIGHLY VULNERABLE TO THE SHOCK-STRESS-SHOCK CYCLE. THROUGH THE ENGAGEMENT OF A LARGE AND DIVERSE RANGE OF ORGANIZATIONS IN THE HUMANITARIAN AND ECONOMIC DEVELOPMENT FIELDS - PRACTITIONERS, FINANCIAL SERVICE PROVIDERS, DONORS, GOVERNMENTS, TECHNOLOGY PROVIDERS WE WORK COLLECTIVELY TO DEVELOP AND PROMOTE IMPROVED STANDARDS OF PRACTICE, FOSTER COLLABORATION, AND CREATE OPPORTUNITIES FOR LEARNING AND ACCESS TO RELEVANT TOOLS AND TECHNICAL RESOURCES.

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

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $1,312,957
Program Service Revenue $168,873
Investment Income $0
Other Revenue $3,864
TOTAL REVENUE $1,485,694

Expense Breakdown

Grants Paid $159,717
Salaries & Benefits $966,125
Fundraising Expenses $53,458
Program Expenses $1,230,135
Other Expenses $992,595
TOTAL EXPENSES $2,118,437

Year-over-Year Comparison

2020 2019 Change
Revenue $1,485,694 $2,694,633 -0.4%
Expenses $2,118,437 $2,753,489 -0.2%
Net Income $-632,743 $-58,856 +9.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
12
Volunteers
15

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
5
$260,530
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK KELLEY CHAIR 1.00
Officer Director
$0 $0 $0
LATE LAWSON LARTEGO VICE CHAIR 1.00
Officer Director
$0 $0 $0
RICHARD RUMSEY TREASURER 1.00
Officer Director
$0 $0 $0
SASHA MUENCH DIRECTOR 2.00
Director
$0 $0 $0
PRABHAT LABH DIRECTOR 1.00
Director
$0 $0 $0
STEVE MASON DIRECTOR 1.00
Director
$0 $0 $0
ROBIN MCCLAY DIRECTOR 1.00
Director
$0 $0 $0
CHRIS NICOLETTI DIRECTOR 1.00
Director
$0 $0 $0
MALINI TOLAT DIRECTOR 1.00
Director
$0 $0 $0
LEMME MANNJE DIRECTOR 1.00
Director
$0 $0 $0
SHAHERA YOUSSEF YOUNES DIRECTOR 1.00
Director
$0 $0 $0
ALEX SARDAR EXECUTIVE DIRECTOR 37.50
Officer
$131,562 $5,983 $137,545
MBAYANG DIOP DIRECTOR OF FINANCE 37.50
Officer
$101,251 $21,734 $122,985
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
2020 $1,485,694 $2,118,437 $1,027,683 $-632,743
2019 $2,694,633 $2,753,489 $1,660,899 $-58,856
2018 $3,373,389 $3,449,002 $1,516,913 $-75,613
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