SEED LA SUPPORT CORP

EIN: 862560754 501(c)(3) Education

LOS ANGELES, CA

Total Revenue
$3,014,842
Total Expenses
$5,859,578
Total Assets
$101,263,951
Net Assets
$6,616,232
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CA
Principal Officer
WILLIAM R HAMILTON
Phone
8778295500
Tax Period
2024-07-01 to 2025-06-30

SEED LA SUPPORT CORP, founded in 2020, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 294% from the prior year, signaling strong growth momentum. Expenses of $5.9M exceeded revenue, resulting in a 94% operating deficit.

Mission

TO SUPPORT THE SERVICES AND PROGRAMS OF THE SEED SCHOOL OF LOS ANGELES COUNTY, INCLUDING TO OPERATE AND MAINTAIN AN EDUCATIONAL INSTITUTION THAT OPERATES CHARTER SCHOOLS; TO FACILITATE THE DEVELOPMENT OF CHARTER SCHOOLS; TO LEASE, OWN, MANAGE, AND MAINTAIN CHARTER SCHOOL FACILITIES; TO PROVIDE CHARTER SCHOOL FACILITIES AND OPERATIONAL AND OTHER SUPPORT TO CHARTER SCHOOLS; TO ASSIST PHILANTHROPISTS AND FOUNDATIONS IN SUPPORTING THE OPERATIONS AND GROWTH OF CHARTER SCHOOLS; AND TO PROVIDE AND OTHERWISE OBTAIN OR ASSIST IN OBTAINING CHARTER SCHOOL FINANCING. ADDITIONALLY, THE CORPORATION MAY ENGAGE IN ACTIVITIES THAT ARE REASONABLY RELATED TO OR IN FURTHERANCE OF ITS STATED PUBLIC AND CHARTIABLE PUBLIC PURPOSES, OR IN ANY OTHER CHARITABLE ACTIVITIES.

Program Service Accomplishments

Program 1
Expenses: $5,401,166 Revenue: $2,750,820

LEASE OF THE PUBLIC CHARTER SCHOOL BUILDING TO THE SEED SCHOOL OF LOS ANGELES COUNTY.

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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 $260,000
Program Service Revenue $2,740,009
Investment Income $14,833
Other Revenue $0
TOTAL REVENUE $3,014,842

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,401,166
Other Expenses $5,859,578
TOTAL EXPENSES $5,859,578

Year-over-Year Comparison

2024 2023 Change
Revenue $3,014,842 $765,756 +2.9%
Expenses $5,859,578 $487,433 +11.0%
Net Income $-2,844,736 $278,323 -11.2%
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
6
Independent Members
6
Employees
N/A
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
2
$0
Total Directors
6
$0
Key Employees
1
$205,363
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM HAMILTON PRESIDENT/CHAIR/CEO 1.00
Officer Director
$0 $0 $0
RUTH A STALFORD SECRETARY/CFO 2.00
Officer Director
$0 $0 $0
JENNIFER K PRICE-LETSCHER DIRECTOR 1.00
Director
$0 $0 $0
JEREMY L SHANE DIRECTOR 1.00
Director
$0 $0 $0
CARMEN R DIXON DIRECTOR 1.00
Director
$0 $0 $0
ROBERT B BURKE DIRECTOR 2.00
Director
$0 $0 $0
DR JUBRIA LEWIS HEAD OF SCHOOL 0.00
Key Emp
$0 $0 $205,363
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 $3,014,842 $5,859,578 $101,263,951 $-2,844,736
2024 $765,756 $487,433 $97,649,617 $278,323
2023 $1,417,430 $73,962 $84,592,447 $1,343,468
2022 $1,521,897 $39,811 $78,975,540 $1,482,086
2021 $5,415,231 $8,619 $48,519,425 $5,406,612
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