SEED International Inc

EIN: 541575891 501(c)(3) Religion

La Mirada, CA

Total Revenue
$4,098,040
Total Expenses
$4,044,872
Total Assets
$2,532,127
Net Assets
$2,516,118
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
VA
Principal Officer
Ezra Kang
Phone
5629264700
Tax Period
2023-10-01 to 2024-09-30

SEED International Inc, founded in 1990, is a community nonprofit in the Religion sector that reported $4.1M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

Seed International. Inc. is a Christian Organization that has a goal of sending and supporting missionaries to foreign countries. To accomplish this goal Seed International, Inc. is actively searching and training candidates in US and abroad.The support for this function is through contributions from churches and individuals in the United States and in other countries. Thus far Seed International, Inc supports missionaries spreading the gospel of Jesus Christ in China, Uzbekistan, Thailand, USA, Mexico, East Africa, Chad, Israel, Japan, Uganda and North Korea. The supports for these missionaries include expenses for relocation and travel of their family to living expenses. This is in addition to all expenses for supplies and equipment necessary to carryout their mission.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,098,040
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,098,040

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,431,384
Fundraising Expenses $0
Program Expenses $3,703,681
Other Expenses $2,613,488
TOTAL EXPENSES $4,044,872

Year-over-Year Comparison

2023 2022 Change
Revenue $4,098,040 $4,387,862 -0.1%
Expenses $4,044,872 $4,341,071 -0.1%
Net Income $53,168 $46,791 +0.1%
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
27
Independent Members
27
Employees
92
Volunteers
25

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
4
$73,200
Total Directors
5
$73,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Segyun Jang Executive Dir. 40.00
Officer Director
$31,500 $0 $31,500
Hun Wook Park CEO 16.00
Officer Director
$25,200 $0 $25,200
Ezra Kang Secretary 20.00
Officer Director
$16,500 $0 $16,500
Eung Yul Ryoo Chairman 8.00
Director
$0 $0 $0
Timothy Taeho Im CFO 40.00
Officer 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 $4,098,040 $4,044,872 $2,532,127 $53,168
2023 $4,387,862 $4,341,071 $2,591,996 $46,791
2022 $4,724,837 $4,500,066 $2,559,400 $224,771
2021 $3,984,978 $3,468,767 $2,583,624 $516,211
2020 $3,208,779 $3,190,793 $2,067,413 $17,986
2019 $3,053,617 $3,109,020 $1,763,527 $-55,403
2018 $3,018,042 $3,040,003 $1,818,930 $-21,961
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