SOWING EMPOWERMENT AND ECONOMIC DEVELOPMENT INC

EIN: 522227244 501(c)(3) Human Services

RIVERDALE, MD

Total Revenue
$1,083,990
Total Expenses
$1,214,385
Total Assets
$350,451
Net Assets
$-137,523
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MD
Phone
3014589808
Tax Period
2024-01-01 to 2024-12-31

SOWING EMPOWERMENT AND ECONOMIC DEVELOPMENT INC, founded in 1997, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

Sowing Empowerment & Economic Development Inc. (SEED) is a non-profit organization created to provide food, clothing, education, and training, while promoting self-sufficiency and empowerment directly to low to moderate income families.

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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 $494,329
Program Service Revenue $494,953
Investment Income $0
Other Revenue $94,708
TOTAL REVENUE $1,083,990

Expense Breakdown

Grants Paid $0
Salaries & Benefits $671,289
Fundraising Expenses $122,899
Program Expenses $837,685
Other Expenses $543,096
TOTAL EXPENSES $1,214,385

Year-over-Year Comparison

2024 2023 Change
Revenue $1,083,990 $1,276,823 -0.2%
Expenses $1,214,385 $1,055,397 +0.2%
Net Income $-130,395 $221,426 -1.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
23
Volunteers
20

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
$127,692
Total Directors
13
$0
Key Employees
2
$300,936
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa B McDougal SEED - President no independent 50.00
Key Emp
$173,244 $0 $173,244
Nichole Mattison Jackson SEED - Vice President of Programs 50.00
Officer Key Emp
$127,692 $0 $127,692
Monica Cortes-Tapia Director 0.50
Director
$0 $0 $0
Robert Beale Director 0.50
Director
$0 $0 $0
Stephanie V Stanard Director 0.50
Director
$0 $0 $0
Lavette Sims Director 0.50
Director
$0 $0 $0
Maria Serravalle Director 0.50
Director
$0 $0 $0
Pastor Denise Johnson Director 0.50
Director
$0 $0 $0
Marian B Peele Director 0.50
Director
$0 $0 $0
Bishop James E Jordan Jr Director 0.50
Director
$0 $0 $0
Changyang Weng Recording Secretary 0.50
Officer Director
$0 $0 $0
Clarence Jones Jr Treasurer 0.50
Officer Director
$0 $0 $0
CJ Epps Vice Chair 0.50
Officer Director
$0 $0 $0
Chessa Huff-Woodard Chair 0.50
Officer Director
$0 $0 $0
Marilyn Goldsmith Director 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
2024 $1,083,990 $1,214,385 $350,451 $-130,395
2023 $1,276,823 $1,055,397 $371,194 $221,426
2022 $1,185,391 $1,218,140 $217,300 $-32,749
2021 $1,250,126 $1,423,547 $241,595 $-173,421
2020 $578,859 $545,705 $267,143 $33,154
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