APPLESEED FOUNDATION INC

EIN: 521835698 501(c)(3) Philanthropy & Grantmaking

WASHINGTON, DC

Total Revenue
$1,053,955
Total Expenses
$886,525
Total Assets
$1,961,350
Net Assets
$1,867,923
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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
1993
Legal Domicile
DC
Principal Officer
BENET MAGNUSON
Phone
2029052788
Tax Period
2024-07-01 to 2025-06-30

APPLESEED FOUNDATION INC, founded in 1993, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $167K, a strong 16% operating margin.

Mission

APPLESEED IS THE FOUNDER OF, AND THE NATIONAL OFFICE FOR, A NON-PROFIT NETWORK OF 20 CENTERS ACROSS THE U.S. AND MEXICO. APPLESEED IS DEDICATED TO ADVANCING JUSTICE AND OPPORTUNITIES THAT HELP LOW-INCOME PEOPLE AND WORKING FAMILIES BUILD BETTER LIVES. APPLESEED EMPLOYS LITIGATION, POLICY ADVOCACY, AND GRASS ROOTS ORGANIZING, AND MAKES A DIFFERENCE BY STAYING CLOSE TO THEIRCOMMUNITIES, WINNING VICTORIES IN HARD POLITICAL ENVIRONMENTS, AND BRINGING THE POWER AND EXPERTISE OF A NATIONAL NETWORK TO BEAR ON CROSS-CUTTING SOCIAL ISSUES.

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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 $1,034,641
Program Service Revenue $0
Investment Income $57,564
Other Revenue $-38,250
TOTAL REVENUE $1,053,955

Expense Breakdown

Grants Paid $344,414
Salaries & Benefits $373,317
Fundraising Expenses $52,711
Program Expenses $739,875
Other Expenses $168,794
TOTAL EXPENSES $886,525

Year-over-Year Comparison

2024 2023 Change
Revenue $1,053,955 $805,974 +0.3%
Expenses $886,525 $810,992 +0.1%
Net Income $167,430 $-5,018 -34.4%
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

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Governance

Voting Members
38
Independent Members
38
Employees
3
Volunteers
43

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
7
$134,691
Total Directors
43
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENET MAGNUSON ARTHUR MONROE EXECUTIVE DIRECTOR 40.00
Officer
$127,220 $7,471 $134,691
ERIC KOENIG CO-CHAIR 2.50
Officer Director
$0 $0 $0
DANIEL DOMINGUEZ CO-CHAIR ELECT UNTIL NOV. 2024, THEN CO-CHAIR 2.50
Officer Director
$0 $0 $0
TOM MCCOY IMM PAST CO-CHAIR UNTIL NOV. 2024, THEN MEMBER 0.50
Officer Director
$0 $0 $0
RORY LERARIS CO-CHAIR UNTIL NOV. 2024, THEN IMM. PAST CO-CHAIR 1.00
Officer Director
$0 $0 $0
JOE HOANG SECRETARY UNTIL NOVEMBER 2024 1.00
Officer Director
$0 $0 $0
NICHOLAS DELUCA MEMBER TREAS AS OF JULY 24, SEC./TREAS. AS OF NOV. 2024 1.00
Officer Director
$0 $0 $0
SHARIE BROWN MEMBER UNTIL NOV. 2024, THEN CO-CHAIR ELECT 1.00
Director
$0 $0 $0
LISA DEWEY MEMBER 1.00
Director
$0 $0 $0
GAIL ERICKSON MEMBER 1.00
Director
$0 $0 $0
MARKUS GREEN MEMBER 0.50
Director
$0 $0 $0
RICHARD JEROME MEMBER 0.50
Director
$0 $0 $0
CURTIS LU MEMBER 0.50
Director
$0 $0 $0
RALPH NADER MEMBER 1.00
Director
$0 $0 $0
RALPH PETERSBERGER MEMBER 1.00
Director
$0 $0 $0
JON WALCOFF MEMBER 0.50
Director
$0 $0 $0
PHIL ZEIDMAN MEMBER 1.00
Director
$0 $0 $0
BEVERLY ALLEN MEMBER 0.50
Director
$0 $0 $0
BOB BACHNER MEMBER 1.00
Director
$0 $0 $0
MARY BENTON MEMBER 0.50
Director
$0 $0 $0
KATIE JOSEPH MEMBER 0.50
Director
$0 $0 $0
JOHN SHUTKIN MEMBER 0.50
Director
$0 $0 $0
DAVID SCHRODT MEMBER 0.50
Director
$0 $0 $0
JAMES SHADD III MEMBER 0.50
Director
$0 $0 $0
KEITH BENES MEMBER 0.50
Director
$0 $0 $0
MARK DARRELL MEMBER 0.50
Director
$0 $0 $0
JOHN CLANCY MEMBER 0.50
Director
$0 $0 $0
LEOPOLDO HERNANDEZ MEMBER 0.50
Director
$0 $0 $0
WENCHI HU MEMBER 0.50
Director
$0 $0 $0
MAKA HUTSON MEMBER 0.50
Director
$0 $0 $0
LENA KONANOVA MEMBER 0.50
Director
$0 $0 $0
KEVIN KRAHAM MEMBER 0.50
Director
$0 $0 $0
ALEX REID MEMBER 0.50
Director
$0 $0 $0
THEA SEBASTIAN MEMBER 0.50
Director
$0 $0 $0
ANNAMARIA STEWARD MEMBER 0.50
Director
$0 $0 $0
JAMIE UNDERWOOD MEMBER 0.50
Director
$0 $0 $0
COURTNEY DYER MEMBER AS OF NOVEMBER 2024 0.50
Director
$0 $0 $0
KEVIN JOHNSON MEMBER AS OF NOVEMBER 2024 0.50
Director
$0 $0 $0
RUSSELL MANNS MEMBER AS OF NOVEMBER 2024 0.50
Director
$0 $0 $0
SANDRA HANNA MEMBER AS OF NOVEMBER 2024 0.50
Director
$0 $0 $0
PETE DAVIS MEMBER UNTIL APRIL 2025 0.50
Director
$0 $0 $0
MARC SHERMAN MEMBER UNTIL NOVEMBER 2024 0.50
Director
$0 $0 $0
SHIREEN MEER MEMBER UNTIL JANUARY 2025 1.00
Director
$0 $0 $0
MARTHA HODGESMITH MEMBER UNTIL JANUARY 2025 0.50
Director
$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 $1,053,955 $886,525 $1,961,350 $167,430
2024 $805,974 $810,992 $1,667,481 $-5,018
2023 $696,694 $622,852 $1,677,519 $73,842
2022 $782,681 $548,410 $1,531,911 $234,271
2021 $387,952 $241,684 $1,588,032 $146,268
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