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Education : Scholarship and Financial Support

Schoolseed Foundation

The independent fund for greater Memphis classrooms

four stars

91.20

2670 Union Avenue Extension Suite 1123
Memphis, TN 38112
tel: (901) 207-1472   Web Site
EIN: 26-4477567

Board Leadership
William Mitchell
Chairman

CEO
Vincent McCaskill
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 91.20 four stars
  Financial 94.18 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 09/03/2019 and includes data from FY2017, the most recent 990 received at that time.

SchoolSeed is the independent fund for Greater Memphis classrooms. Established in 2009 as a nonprofit organization, SchoolSeed supports community efforts that positively impact students and teachers. SchoolSeed is aimed at improving the quality of K-12 education in the Greater Memphis community. We raise and administer funds through a collaborative effort with community partners to drive educational excellence and innovation for the public school students of the Greater Memphis community.

SchoolSeed is the independent fund for Greater Memphis classrooms. Established in 2009 as a nonprofit organization, SchoolSeed supports community efforts that positively impact students and teachers. SchoolSeed is aimed at improving the quality of K-12 education in the Greater Memphis community. We raise and administer funds through a collaborative effort with community partners to drive educational excellence and innovation for the public school students of the Greater Memphis community.

Impact Information

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Financial

four stars

94.18

Accountability & Transparency

three stars

89.00

This rating was published 09/03/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
87.3%
  Administrative Expenses 9.9%
  Fundraising Expenses 2.6%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 0.53
  Program Expenses Growth 9.2%
  Liabilities to Assets 17.6%
All data for Financial Performance Metrics calculations was provided by Schoolseed Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Schoolseed Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Schoolseed Foundation (TN) 91.20 four stars
The Foundation for Oklahoma City Public Schools (OK) 91.16 four stars
The Chi Chi Rodriguez Youth Foundation (FL) 89.51 three stars
The Public Education Foundation (NV) 88.53 three stars
Highland Park Education Foundation (TX) 95.05 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,308,188
   Federated Campaigns $730
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $2,308,918
   Program Service Revenue $362,584
Total Primary Revenue $2,671,502
   Other Revenue $14,093
TOTAL REVENUE $2,685,595
   
EXPENSES  
   Program Expenses $5,184,004
   Administrative Expenses $551,148
   Fundraising Expenses $105,943
TOTAL FUNCTIONAL EXPENSES $5,841,095
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-3,155,500
   
Net Assets $2,346,127

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Teacher Leader Effectiveness $1,151,933 22.2%
Sponsorships $50,526 1.0%
School Specific Initiatives $9,729 0.2%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 09/03/2019 91.20 four stars
2016-12 05/01/2018 88.14 three stars
2015-12 09/01/2017 87.25 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 26-4477567
Name in IRS Master File SCHOOLSEED FOUNDATION
NTEE Code T30
NTEE Classification Public Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date July, 2009
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$139,000 2.37% Vincent Mccaskill Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Schoolseed Foundation (TN) 91.20 four stars
State University College at Oneonta Foundation Corporation (NY) 92.96 four stars
American Friends of The Tel Aviv University (NY) 93.25 four stars
Cape Eleuthera Foundation (MA) 89.62 three stars
Association of Graduates of the United States Air Force Academy (CO) 95.47 four stars

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Charity Contact Info

Schoolseed Foundation
2670 Union Avenue Extension
Suite 1123
Memphis, TN 38112
tel: (901) 207-1472
EIN: 26-4477567

Visit Web Site

Board Leadership

William Mitchell
Chairman

CEO

Vincent McCaskill
President, CEO

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