SEEDS OF FORTUNE INC

EIN: 465568476 501(c)(3) Youth Development

BROOKLYN, NY

Total Revenue
$753,203
Total Expenses
$727,599
Total Assets
$509,694
Net Assets
$393,116
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Phone
7187811879
Tax Period
2024-07-01 to 2025-06-30

SEEDS OF FORTUNE INC, founded in 2014, is a small nonprofit in the Youth Development sector that reported $753K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $728K left a modest 3% surplus.

Mission

SEEDS OF FORTUNE INC. IS A NONPROFIT EDTECH PLATFORM HELPING MEMBERS ON THEIR FIRST STEPS TO ECONOMIC SECURITY BY FINDING AFFORDABLE COLLEGE OPTIONS, BUILDING FINANCIAL MANAGEMENT, AND CAREER SKILLS IN A SISTERLY ONLINE NETWORK.

Program Service Accomplishments

Program 1
Expenses: $582,117 Revenue: $753,203

SEED OF FORTUNE INC. PROGRAM HAS FIVE TIERS: COLLEGE PREP LEADERSHIP PROGRAM, SEED SCHOLARS IN PARTNERSHIP WITH YALE WOMEN IN ECONOMICS,INNOVATION RESEARCH SUMMER PROGRAM, GIRLS START UP, AND SEEDS...

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SEED OF FORTUNE INC. PROGRAM HAS FIVE TIERS: COLLEGE PREP LEADERSHIP PROGRAM, SEED SCHOLARS IN PARTNERSHIP WITH YALE WOMEN IN ECONOMICS,INNOVATION RESEARCH SUMMER PROGRAM, GIRLS START UP, AND SEEDS UNIVERSITY. COLLEGE PREP LEADERSHIP PROGRAM - IN THIS PROGRAM, STUDENTS LEARN ABOUT THE COLLEGE/SCHOLARSHIP APPLICATION PROCESS AS WELL AS ACCESS TO OUR COLLEGE PARTNERS, LEARN : COLLEGE ESSAY, SCHOLARSHIP AND COLLEGE APPS, PICKING THE RIGHT SCHOOL, SAVING FOR COLLEGE, FINANCIAL AID, COLLEGE MAJOR, FUNDING AS UNDOCUMENTED STUDENTS. SEEDS SCHOLARS IN PARTNERSHIP WITH YALE WOMEN IN ECONOMICS - THIS IS A COLLEGE PREP PROGRAM THAT HELPS NYC HIGH SCHOOLS RISING 11TH GRADE MINORITY GIRLS APPLY FOR COLLEGE SCHOLORSHIPS AND TEACH PROFESSIONAL AND FINACIAL MAMAGEMENT SKILLS.

Program 2

INNOVATION RESEARCH SUMMER PROGRAM - HS STUDENTS WILL LEARN WHAT IT MEANS TO RUN AND LEAD A COMPANY BY CREATINF AN EXECUTIVE TEAM AND DIVIDING INTO GROUPS TO PROVIDE INSIGHTS INTO HOW CORPORATIONS...

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INNOVATION RESEARCH SUMMER PROGRAM - HS STUDENTS WILL LEARN WHAT IT MEANS TO RUN AND LEAD A COMPANY BY CREATINF AN EXECUTIVE TEAM AND DIVIDING INTO GROUPS TO PROVIDE INSIGHTS INTO HOW CORPORATIONS CAN WORK WITH LOCAL COMMUNITIES MORE EFFECTIVELY, AS WELL AS ADVOCATE FOR LOCAL COMMUNITIES WITH OUR PARTNERS. GIRLS START UP - ONLINE BUSINESS PLAN ACCELERATOR TO INCREASE ENTREPRENEURIAL AND DIGITAL LITERACY SKILLS SETS IN PARTNERSHIP WITH WIX.COM, BMO CAPITAL MARKETS, AND MORE. COMPETE FOR AN ALL-EXPENSE PAID TRIP TRIP TO MIAMI, FL. WHERE 3 LUCKY WINNERS COULD RECEIVE UP TO $6,000 IN CAPITAL FUNDING.

Program 3

SEED UNIVERSITY - A COLLEGE PROGRAM FOR THE GRADUATES OF OUR HIGH SCHOOL SCHOLARS AND MEMBERS TO FURTHER DEVELOP THEIR FINANCIAL AND CAREER SKILL SETS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $747,791
Program Service Revenue $0
Investment Income $5,412
Other Revenue $0
TOTAL REVENUE $753,203

Expense Breakdown

Grants Paid $0
Salaries & Benefits $226,500
Fundraising Expenses $5,003
Program Expenses $582,117
Other Expenses $501,099
TOTAL EXPENSES $727,599

Year-over-Year Comparison

2024 2023 Change
Revenue $753,203 $644,084 +0.2%
Expenses $727,599 $570,531 +0.3%
Net Income $25,604 $73,553 -0.7%
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
7
Independent Members
N/A
Employees
3
Volunteers
N/A

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
12
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NITIYA WALKER EXECUTIVE DIRECTOR 15.00
Officer
$0 $0 $0
APRIL DRUMMOND BOARD MEMBER 12.00
Officer
$0 $0 $0
BROOKLYN WHITE-GRIER ADVISORY BOARD MEMBER 12.00
Officer
$0 $0 $0
JOHN CHEVALIER ADVISORY BOARD MEMBER 12.00
Officer
$0 $0 $0
PAUL BONITTO ADVISORY BOARD MEMBER 12.00
Officer
$0 $0 $0
LATOYA JORDAN ADVISORY BOARD MEMBER 0.00
Officer
$0 $0 $0
KEISHA ALLEYNE BOARD MEMBER 0.00
Officer
$0 $0 $0
PATALIA TATE ADVISORY BOARD MEMBER 0.00
Officer
$0 $0 $0
RENEE WHITE ADVISORY BOARD MEMBER 0.00
Officer
$0 $0 $0
TRACEY CAMERON ADVISORY BOARD MEMBER 0.00
Officer
$0 $0 $0
NIKETA EASON ADVISORY BOARD MEMBER 0.00
Officer
$0 $0 $0
MYLES OCONNELL BOARD MEMBER 0.00
Officer
$0 $0 $0
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
2025 $753,203 $727,599 $509,694 $25,604
2024 $644,084 $570,531 $412,271 $73,553
2022 $358,983 $328,456 $193,262 $30,527
2021 $248,071 $124,882 $162,735 $123,189
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