Seeds of Independence
Nonprofit profile at a glance
- EIN
- 263319544
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990 2019, Form 990-EZ 2024, Form 990-N 2008
- Location
- Freeport, ME, USA
- Phone
- 2074062365
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $40,739
- Expenses
- $47,857
- Assets
- $73,869
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Willo Wright (President)
People named in this filing
- Thomas Dodge (Board Member)
- Benjamin Palmer (TREASURER)
- Caitlin D'Amour (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Seeds of independence is a mentor and volunteer based non-profit corporation founded to help at risk youths in Maine reach their full potential as independent, productive members of society. The corporation intends to combat juvenile delinquency and positively affect the school dropout rate in our state by operating numerous programs aimed at mentoring at risk youths.
What it reported doing in 2024
Mentoring/lunch bunch - mentoring programs in schools in Yarmouth, Freeport and Brunswick.Summer at Seeds - six week program from June through the end of July. We provided the outdoor activities and transportation.Dude Food Cooking Class - Cooking class for middle school aged boys at our building on the Brunswick Landing. The class met weekly and ran through December, 2024.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 43
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -17.5%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 1.54; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -9.5% per year; rating input score 0; 28th percentile among comparable filings
- Revenue growth: -3.8% per year; rating input score 0; 37th percentile among comparable filings
- Asset growth: 2% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $48K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 25/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.