Advancing the Seed Inc
Nonprofit profile at a glance
- EIN
- 371783394
- IRS 990 coverage
- 2024–2025
- Forms available
- Form 990 2025, Form 990-EZ 2023
- Location
- La Mirada, CA, USA
- Phone
- 5622486356
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Nonprofit Management
Reported finances
- Revenue
- $436,888
- Expenses
- $449,443
- Assets
- $28,765
- Liabilities
- $66,171
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- REGEANIE CORONA (PRESIDENT/CEO)
Highest reported compensation
- REGEANIE CORONA (PRESIDENT/CEO): $74,381 total reported compensation
- JEANETTE MANDY (COO): $69,746 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Training, coaching, leadership development, and financial literacy programs for young adults and capacity-building technical assistance programs for small capacity and minority-led nonprofits and minority entrepreneurs/small business owners in underserved communities.
What it reported doing in 2025
Activate purpose: activate purpose is an entrepreneurship program that empowers young adults and reentry founders, as well as delivering technical assistance to diverse small businesses, and connecting them all to essential software grants and seed capital to fuel growth and economic mobility.
Operating model
- Revenue model
- Grant-funded. 90% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 85
- Accountability: 58
- Sustainability: 16
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81%; rating input score 81
- Program expense ratio: 78.8%; rating input score 79
- Fundraising efficiency: $88.6 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 15th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 87.1%; rating input score 87; 53rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 22nd percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -2.9%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 2.3; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 32.1%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 22.3% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 27.5% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 15.6% per year; rating input score 100; 76th percentile among comparable filings
Details
- Where the money goes: 81% of revenue deployed · 78.8% of spending went to programs
- Governance: 3 of 4 board members independent · 3 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $354K in reported program spending
- Leadership: top reported pay $74K · 5 people listed
- Consistency: 28 of 29 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Operating margin scored 29/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 10/100.