Overview
What is Structured Employment Economic Development Corporation?
The Structured Employment Economic Development Corporation, often referred to as SEEDCO, is a nonprofit organization located in the Bronx, New York. Their primary mission is to advance economic opportunities for individuals, businesses, and communities in need. They achieve this goal by offering innovative workforce development programs and work and family supports. SEEDCO's workforce development initiatives provide career counseling, job-readiness training, and job placement services to help disadvantaged populations, such as non-custodial parents, out-of-school youth, and those with criminal justice backgrounds, to secure, retain, and advance in employment. SEEDCO also acts as an intermediary organization, supporting community-based organizations in expanding their reach and securing funding. With a team of 58 dedicated employees, SEEDCO is committed to uplifting communities across the nation.
Official website here: www.seedco.org
What are the reviews and ratings of this charity?
Charity Navigator rates the Structured Employment Economic Development Corporation at 81%, which translates to a Three-Star out of Four Star rating. This score highlights the organization's strong performance in accountability and finance, with a solid 90% in this area, indicating effective financial management and governance practices.
The organization demonstrates a commitment to transparency and good practices, with 100% of its board members being independent and a robust financial oversight structure in place. Notably, it has achieved a program expense ratio of 76.98%, reflecting that a significant portion of its resources is directed towards its programs and services.
However, while the accountability score is high, the Culture & Community score is somewhat lower at 79%. This suggests there may be areas for improvement in fostering community connections or enhancing the organization’s cultural initiatives. Overall, the Structured Employment Economic Development Corporation shows many strengths but could focus on strengthening its community engagement strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Structured Employment Economic Development Corporation legitimate?
Structured Employment Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Structured Employment Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $221,789
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,326,680
For more financial information, click here
Official website here: www.seedco.org
What is the mission statement of Structured Employment Economic Development Corporation?
The Structured Employment Economic Development Corporation, often referred to as SEEDCO, is dedicated to advancing economic opportunity for individuals, businesses, and communities in need. In pursuit of this mission, SEEDCO designs and implements innovative programs and services that benefit workers, families, and businesses across the country. Their work encompasses two core program portfolios: workforce development and work and family supports. As a direct service provider and an intermediary organization, SEEDCO assists community-based organizations in expanding their outreach and securing funding, thereby contributing to the overall betterment of these communities.
Official website here: www.seedco.org
Who is the CEO of Structured Employment Economic Development Corporation?
Lymaris Albors is the President of Structured Employment Economic Development Corporation. The CEO's salary of Structured Employment Economic Development Corporation is $0 and their total compensation is $795,306.
Official website here: www.seedco.org
What is the revenue of Structured Employment Economic Development Corporation?
Structured Employment Economic Development Corporation's revenue in 2022 was $6,324,471.
Official website here: www.seedco.org
Who are the executives of Structured Employment Economic Development Corporation and what are their salaries?
The average compensation at Structured Employment Economic Development Corporation during 2022 was $43,939. There are 58 employees and 5 volunteers at Structured Employment Economic Development Corporation.
Here are 13 key members and their salaries (Structured Employment Economic Development Corporation's CEO's salary is $0 and their total compensation is $795,306):
- Compensation: $0
- Related: $861,432
- Other: $73,959
- Compensation: $0
- Related: $748,860
- Other: $46,446
- Compensation: $0
- Related: $560,176
- Other: $40,861
- Compensation: $0
- Related: $432,484
- Other: $41,248
- Compensation: $212,449
- Related: $0
- Other: $9,340
- Compensation: $118,370
- Related: $0
- Other: $35,765
- Compensation: $107,171
- Related: $0
- Other: $35,938
- Compensation: $103,123
- Related: $0
- Other: $23,856
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.seedco.org
Where can I find the form 990 for Structured Employment Economic Development Corporation?
Structured Employment Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.seedco.org
Learn more at the official website: www.seedco.org
Mission Statement of Structured Employment Economic Development Corporation
Structured Employment Economic Development Corporation, often referred to as SEEDCO, is a mission-driven organization dedicated to promoting economic opportunity for individuals, businesses, and communities in need. At its core, SEEDCO aims to advance economic prosperity through innovative programs and services. It achieves this goal by supporting workers, families, and businesses across the nation.
To accomplish this objective, SEEDCO operates through two primary program portfolios: Workforce Development and Work and Family Supports. In the realm of Workforce Development, SEEDCO designs and implements initiatives that empower individuals to secure employment and improve their livelihoods. The Work and Family Supports portfolio, on the other hand, focuses on providing resources and assistance to help families balance their professional and personal lives.
SEEDCO serves as both a direct service provider and an intermediary organization. In this capacity, it assists community-based organizations in expanding their outreach and securing funding. By doing so, SEEDCO plays a crucial role in fostering economic growth and opportunity on a larger scale. Through its various programs and services, SEEDCO strives to create a more equitable and prosperous society where everyone has the chance to thrive.
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Impact
August, 2024
Structured Employment Economic Development Corporation's impact can be seen in their dedicated efforts to advance economic opportunity for people, businesses, and communities in need. Through their workforce development programs, they provide career counseling, job-readiness training, and job placement services to help individuals facing barriers to employment secure and progress in jobs. By tailoring their services to meet the needs of hard-to-serve populations such as non-custodial parents, out-of-school youth, and individuals with a history of criminal justice involvement, they ensure a broad range of job seekers have paths to success.
Their mission to support communities through workforce development and work and family supports portfolios showcases their commitment to creating tangible and sustainable change. As both a direct services provider and an intermediary organization, Structured Employment Economic Development Corporation plays a crucial role in expanding outreach and securing funding for community-based organizations. Their work not only benefits individuals seeking employment but also contributes to the overall improvement of communities across the country.
This information is meant to be a general summary of Structured Employment Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $80
- Gross Receipts: $6,324,471
Assets and Liabilities:
- Total Assets: $4,105,153
- Total Liabilities: $6,316,459
- Net Assets: -$2,211,306
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Organization Details
Founding Year
1976
Phone
(347) 649-3083Principal Officer
Lymaris Albors
Main Address
300 East 175th Street, BRONX, NY, 10457
Website
www.seedco.orgNTEE Category
Code: S30 - Community improvement
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