The Golden S.E.E.D.S. Foundation

Legal name: The Golden Seeds Foundation

Nonprofit profile at a glance

EIN
320216688
IRS 990 coverage
2022–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-EZ 2020, Form 990-N 2018
Location
Dallas, TX, USA
Phone
(214) 943-5010
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$755,246
Expenses
$852,778
Assets
$196,622
Liabilities
$306,398

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

People named in this filing

  • Sean Tate (Legal Counsel)
  • Vincent T Parker (Board Chair)
  • Mae Marshall (Board 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

The Golden SEEDS Foundation is devoted to the growth and development of strong, safe, and equitable communities. Through our projects and programs, we provide resources and skills to equip and empower individuals and families in underserved communities to improve their quality of life, we strive to enhance social, educational and economic opportunities for underserved populations.

What it reported doing in 2024

In 2024, The Golden S.E.E.D.S. Foundation celebrated the completion and closing of seven newly constructed affordable homes. To support these new homeowners and other community members on their journey, we coupled the housing initiative with our Mastering the Move educational learning series. The first cohort included 20 participants who engaged in weekly, interactive learning sessions covering essential topics such as financial preparedness, home maintenance, mortgage management, property taxes, insurance, estate planning, and community engagement. Participants not only received invaluable education impacting both their homebuying and homeownership experience but were also gifted customized new homeowner tool packages, which included: * A 6-foot ladder * HVAC filters tailored to each participant's home unit * A complete starter toolkit containing essential tools for minor household repairs These practical resources reinforced the program's mission to prepare new homeowners to confidently manage and maintain their homes. Mastering the Move has had a measurable impact-helping families transition from renters to informed, empowered homeowners who can sustain their investments and strengthen the fabric of their community. The Golden S.E.E.D.S. Foundation looks forward to continuing and expanding this initiative in the coming year, offering additional sessions each season and increasing outreach to support more first-time homeowners in Dallas and surrounding communities.

Operating model

Revenue model
Grant-funded. 79% of the money available for current operations came from government grants.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 85
  • Accountability: 88
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.2%; rating input score 94
  • Fundraising efficiency: $21.18 raised per $1 spent on fundraising; rating input score 60; 60th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 8th 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: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -12.9%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 1.56; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 76.1% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 37.5% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 26.5% per year; rating input score 100; 88th percentile among comparable filings

Details

  • What they do: 8 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 100% of revenue deployed · 94.2% of spending went to programs
  • Governance: 9 of 9 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $804K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 40 of 41 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Sustainability: Operating margin scored 14/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.