Nonprofit · EIN 91-0947619
SOUTHEAST EFFECTIVE DEVELOPMENT
Tax-exempt · SEATTLE, WA 98118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $15,860,100 | $16,023,989 | -$163,889 | $75,080,122 | $79,540,085 | -$4,459,963 |
| December 31, 2023 | 990 | $15,822,678 | $15,757,127 | $65,551 | $68,410,013 | $72,706,087 | -$4,296,074 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,438,289
- of which government grants
- $1,335,640
- Program service revenue
- $9,373,554
- Investment income
- $320,586
- Net gain from sales of assets
- $382
- Net income from sales of inventory
- $36,279
- Other revenue
- -$272,329
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $445,165
- Other salaries and wages
- $2,028,997
- Salaries, compensation and benefits (total)
- $2,885,514
- Professional fundraising fees
- $0
- Legal fees
- $317,010
- Accounting fees
- $122,740
- Occupancy
- $3,634,559
- Travel
- $2,095
- Depreciation
- $2,146,354
- Program services (functional)
- $14,523,954
- Management and general (functional)
- $1,358,482
- Fundraising (functional)
- $141,553
Balance sheet and other
- Total assets, start of year
- $68,410,013
- Total assets, end of year
- $75,080,122
- Total liabilities, end of year
- $79,540,085
- Net assets, end of year
- -$4,459,963
- Land, buildings and equipment
- $49,327,224
- Net assets without donor restrictions
- -$4,656,354
- Net assets with donor restrictions
- $196,391
- Gross receipts
- $15,917,095
- Employees
- 42
- Volunteers
- 42
- Year formed
- 1975
- State of legal domicile
- WA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL SEIWERATH | EXECUTIVE DIRECTOR Officer | 40 | $173,024 | $9,920 |
| KENT'AE VAN LONDON | DIRECTOR OF PROPERTY & ASSET MGMT Highest-paid employee | 40 | $144,871 | $9,170 |
| JUHEE KANG | REAL ESTATE DEVELOPMENT DIRECTOR Officer | 40 | $132,959 | $9,930 |
| JORGE PEREZ | FINANCE DIRECTOR Officer | 40 | $96,192 | $0 |
| DAMIAN STACK | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| SUSANNA TRAN | VICE PRESIDENT & DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| MARI TAMIYASU | SECRETARY & VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| ASHWIN WARRIOR | TREASURER & SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| GAUTHAM ACHARYA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ZIQUORA BANKS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NIMCO BULALE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EVAN CANTINI MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KRISTA HOLLAND | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JIQUANDA NELSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PEARL NELSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| OLUMIDE OWOO | DIRECTOR Trustee or director | 2 | $0 |
| LACEY WARRIOR | DIRECTOR Trustee or director | 2 | $0 |
| KAREN WONG | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL SEIWERATH | EXECUTIVE DIRECTOR Officer | 40 | $165,857 |
| JOON CHANG | FINANCE DIRECTOR Officer | 40 | $119,332 |
| KENT'AE VAN LONDON | DIRECTOR OF PROPERTY & ASSET MGMT Highest-paid employee | 40 | $110,208 |
| DAMIAN STACK | PRESIDENT Trustee or director, Officer | 2 | $0 |
| SUSANNA TRAN | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| MARI TAMIYASU | SECRETARY Trustee or director, Officer | 2 | $0 |
| ASHWIN WARRIOR | TREASURER Trustee or director, Officer | 2 | $0 |
| GAUTHAM ACHARYA | DIRECTOR Trustee or director | 2 | $0 |
| EVAN CANTINI MD | DIRECTOR Trustee or director | 2 | $0 |
| KRISTA HOLLAND | DIRECTOR Trustee or director | 2 | $0 |
| AMBER ROSE JIMINEZ | DIRECTOR (LEFT IN 2023) Trustee or director | 2 | $0 |
| JIQUANDA NELSON | DIRECTOR Trustee or director | 2 | $0 |
| PEARL NELSON | DIRECTOR Trustee or director | 2 | $0 |
| LACEY WARRIOR | DIRECTOR Trustee or director | 2 | $0 |
| KAREN WONG | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 5117 RAINIER AVE S, SEATTLE, WA 98118-1928
- Principal officer (990 for 2024)
- MICHAEL SEIWERATH, 5117 RAINIER AVE S, SEATTLE, WA 98118
- Signed the 990
- MICHAEL SEIWERATH, EXECUTIVE DIRECTOR
- Phone
- (206) 723-7333
- Website
- WWW.SEEDSEATTLE.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
SOUTHEAST EFFECTIVE DEVELOPMENT ("SEED") IS A NOT-FOR-PROFIT COMMUNITY DEVELOPMENT CORPORATION THAT INVESTS IN THE FUTURE OF SOUTHEAST SEATTLE BY FACILITATING SOCIAL, ECONOMIC, HOUSING AND CULTURAL PROGRAMS WITHIN THE COMMUNITY. FOUNDED IN 1975, SEED WORKS TO STRENGTHEN AND REVITALIZE THE NEIGHBORHOODS AND BUSINESS DISTRICTS OF SOUTHEAST SEATTLE.
Program accomplishments
- AFFORDABLE HOUSING: SEED'S AFFORDABLE HOUSING PROGRAM WAS INITIATED IN 1986 AS PART OF A COMPREHENSIVE APPROACH TO COMMUNITY REVITALIZATION IN SOUTH EAST SEATTLE. SINCE THEN, SEED HAS REDEVELOPED AND CONSTRUCTED OVER 1,000 UNITS OF MULTI-FAMILY UTILIZING FEDERAL HOUSING TAX CREDITS. STATE TAX-EXEMPT BONDS AND OTHER PUBLIC/PRIVATE PARTNERSHIPS. SEED HAS INCREASED THE AVAILABILITY OF DECENT AFFORDABLE HOUSING TO SENIORS, PEOPLE WITH DISABILITIES, AND FAMILIES/INDIVIDUALS WITH LIMITED INCOME.Expenses $13,104,476 · revenue $8,964,925
- SEEDARTS BUILDS COMMUNITY BY PRESENTING DIVERSE ARTS EXPERIENCES, NURTURING LOCAL ARTISTS, AND INFUSING CREATIVITY INTO OUR NEIGHBORHOODS. WE OFFER VISUAL, PERFORMING, MEDIA, AND PUBLIC ART PROGRAMS IN SOUTHEAST SEATTLE THAT SUPPORT AND SUSTAIN ARTISTS, INSPIRE AND CONNECT RESIDENTS, AND REVITALIZE COMMUNITY.OUR PROGRAMS FOCUS ON:-CURATING, FACILITATING AND PROMOTING ARTS AND CULTURAL EXPERIENCES, ESPECIALLY THOSE CREATED BY UNDER-REPRESENTED VOICES AND YOUTH;-PRESERVING AND GROWING VENUES AND RESOURCES FOR ARTISTS TO WORK AND GENERATE INCOME FROM THEIR CREATIVE ENDEAVORS; AND-INTEGRATING ART INTO THE FABRIC OF OUR COMMUNITY.VALUES:-REPRESENTATIVE: EMPHASIZING UNDER-REPRESENTED VOICES AND STORIES-COMMUNITY CENTERED: FACILITATING THE ARTIST AND THE COMMUNITY TO DRIVE THE WORK-HYPER-LOCAL: FOCUSING ON SOUTHEAST SEATTLESEEDARTS IS COMMITTED TO BECOMING AN INCLUSIVE AND ANTI-RACIST ORGANIZATION. TO MAKE OUR ARTS EXPERIENCES ACCESSIBLE, OUR PROGRAMS ARE LOCATED WITHIN THE COMMUNITIES WE SERVE, ARE COMMUNITY DRIVEN AND CULTURALLY RELEVANT, AND ARE OFFERED FOR FREE OR LOW-COST. SEEDARTS HAS GROWN FROM A GRASSROOTS COMMUNITY ARTS PROGRAM, LAUNCHED IN 1982, INTO A MULTIDISCIPLINARY ARTS ORGANIZATION THAT SERVES ONE OF THE MOST GEOGRAPHICALLY DIVERSE AND ECONOMICALLY CHALLENGED NEIGHBORHOODS IN THE CITY.Expenses $1,419,478 · revenue $136,300
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 91-0947619
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $75,080,122
- Income (IRS master file)
- $15,917,095
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $15,860,100 | $16,023,989 | $75,080,122 | XML |
| 990 | December 2023 | $15,822,678 | $15,757,127 | $68,410,013 | XML |
| 990 | December 2022 | $7,345,501 | $9,361,800 | $58,235,532 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-0947619).
Questions about SOUTHEAST EFFECTIVE DEVELOPMENT
- What is the EIN of SOUTHEAST EFFECTIVE DEVELOPMENT?
- The employer identification number (EIN) of SOUTHEAST EFFECTIVE DEVELOPMENT is 91-0947619.
- Is SOUTHEAST EFFECTIVE DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to SOUTHEAST EFFECTIVE DEVELOPMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHEAST EFFECTIVE DEVELOPMENT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTHEAST EFFECTIVE DEVELOPMENT due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHEAST EFFECTIVE DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOUTHEAST EFFECTIVE DEVELOPMENT?
- The 990 for the year ended December 31, 2024 names MICHAEL SEIWERATH.
- Who are the officers and directors of SOUTHEAST EFFECTIVE DEVELOPMENT?
- The 990 for the year ended December 31, 2024 lists 18 people; 4 received compensation from the organization, the highest $173,024 (MICHAEL SEIWERATH, EXECUTIVE DIRECTOR).
- How much revenue does SOUTHEAST EFFECTIVE DEVELOPMENT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $15,860,100, expenses of $16,023,989 and total assets of $75,080,122 at year end.
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