Seeds of Life Inc
Nonprofit profile at a glance
- EIN
- 371758668
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-EZ 2014
- Location
- Mount Pleasant, SC, USA
- Phone
- 8438843888
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Mental Health Treatment F31 Psychiatric, Mental Health Hospital
Reported finances
- Revenue
- $892,995
- Expenses
- $1,058,019
- Assets
- $138,255
- Liabilities
- $22,975
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- BARBARA BOATWRIGHT (CHAIR)
- SHEP DAVIS (TREASURER)
- KATHERINE ELKIN (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Life resources provides affordable/financially accessible life transforming resources that foster emotional, spiritual, and relational wellness through healing (professional clinical counseling & prayer ministry) equipping (personal and community education) and training (clinical and professional training) from a christian faith integrated foundation
What it reported doing in 2024
Community equipping: this part of our mission serves our community in a variety of ways to foster emotional, relational, and spiritual wellness. Our life coaching staff held 110 coaching sessions where they work with clients on life issues that do not require counseling intervention. As a partner of the low country pregnancy center, we held two (2) ten-week post abortion healing groups for a total of 14 women to assist in their journey to emotional recovery. In the spring we, we held a large-scale community event focused on the topic of forgiveness. The event featured a panel discussion led by our ph. D psychologist who interviewed two men whose family members had been brutally murdered. In the fall, our annual fundraising event always centers on clinical and theological topic for our audience. Over 300 people from the broader low country community from various denominations attended in 2024 to learn, grow their faith, and support our mission. Our keynote speaker was the renowned dr. Amy-orr ewing, a british scholar, theologian and christian apologist who has spoken at the white house and in parliament. This annual event is the catalyst for our scholarship funding for the coming year in order to fulfill our three-fold mission. In 2024, approximately 20% of the 5100 sessions were given scholarship assistance to remove the financial barrier of our services; the training of our two interns was covered by scholarship dollars; and our community programs were underwritten through scholarship funding.
Operating model
- Revenue model
- Earned-program. 66% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 94% 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: 79
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 20
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.6%; rating input score 95
- Program expense ratio: 79.8%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -18.5%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.13; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 14.7% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 12.9% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 8.4% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 94.6% of revenue deployed · 79.8% of spending went to programs
- Governance: 5 of 5 board members independent · 2 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $844K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Operating margin scored 10/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.