Overview
What is Seed Effect?
Seed Effect is a nonprofit organization based in Dallas, Texas, with a focus on overcoming poverty in marginalized communities worldwide. Their mission involves providing economic empowerment, education, and spiritual discipleship through various initiatives. In 2022, they funded an independent organization in Uganda, Seed Effect Uganda, enabling the launch of savings and loan groups. These groups empower individuals to build Christian communities, study religious teachings, save money securely, and access small loans for income generation. Seed Effect also emphasizes ongoing discipleship through weekly meetings and collaborates with local churches. The organization has a small team of seven dedicated individuals.
Official website here: www.seedeffect.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93%, Four-Star out of Four Star Rating
Seed Effect has demonstrated exceptional performance with a Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance, as well as a high score in culture and community. The organization boasts an impressive Accountability & Finance score of 92 and a Culture & Community score of 95, indicating its effective management and positive engagement with constituents. The charity has also achieved a perfect score in constituent feedback collection and usage, showcasing its dedication to understanding and responding to the needs of those it serves.
The financial health of Seed Effect is robust, illustrated by a low liabilities to assets ratio of 0.85%, which suggests sound financial practices. Additionally, the organization has a program expense ratio of 73.40%, indicating that a significant portion of its expenses goes directly to its programs and mission. Its fundraising efficiency is noteworthy, with a cost of only $0.09 to raise a dollar, emphasizing its effective use of resources.
Overall, Seed Effect stands out as a well-managed nonprofit with strong financial metrics and positive constituent engagement, making it a worthy option for potential donors looking to support impactful initiatives. There are no significant limitations noted in the available data, reinforcing the organization's strong reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Seed Effect legitimate?
Seed Effect is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seed Effect 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: $111,256
Professional Fundraising Fees: $0
Other Salaries and Wages: $376,231
For more financial information, click here
Official website here: www.seedeffect.org
What is the mission statement of Seed Effect?
Seed Effect's mission is centered around alleviating poverty in marginalized communities worldwide. They achieve this by providing access to economic empowerment, education, and spiritual discipleship. By implementing initiatives such as savings and loan groups, Seed Effect enables individuals to build strong Christian communities, deepen their faith through weekly meetings, and secure small loans for income generation. This holistic approach empowers these communities to overcome poverty and improve their livelihoods.
Official website here: www.seedeffect.org
Who is the CEO of Seed Effect?
Melissa Williams is the Executive Di of Seed Effect.
Official website here: www.seedeffect.org
What is the revenue of Seed Effect?
Seed Effect's revenue in 2022 was $2,511,172.
Official website here: www.seedeffect.org
Who are the executives of Seed Effect and what are their salaries?
The average compensation at Seed Effect during 2022 was $69,641. There are 7 employees and 12 volunteers at Seed Effect.
Here are 9 key members and their salaries:
- Compensation: $111,256
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- Other: $0
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Official website here: www.seedeffect.org
Where can I find the form 990 for Seed Effect?
Seed Effect's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.seedeffect.org
Learn more at the official website: www.seedeffect.org
Mission Statement of Seed Effect
Seed Effect, a nonprofit organization, is committed to combat poverty by offering access to economic empowerment, education, and spiritual discipleship in marginalized communities worldwide. Their mission is to plant the seeds that foster growth and overcoming poverty, enabling individuals to build strong Christian communities, deepen their understanding of God's word, secure a safe place to save, and obtain small loans for income generation. Through their programs, 100% of the participants in savings and loan groups in Uganda, facilitated by Seed Effect Uganda, were exposed to the Gospel and benefited from ongoing discipleship through weekly meetings and collaboration with local churches.
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Impact
July, 2024
Seed Effect's impact can be seen in the transformative changes it brings to marginalized communities around the world. Through its savings and loan groups, Seed Effect empowers individuals to build Christian community, study God's word, have a safe place to save, and access small loans to support income generation. In 2022, Seed Effect provided funding that enabled Seed Effect Uganda to launch these groups, reaching individuals who might not have had access to such opportunities otherwise. 100% of these group members heard the gospel and had access to ongoing discipleship, creating a holistic approach to combating poverty and empowering individuals to improve their lives.
This information is meant to be a general summary of Seed Effect. 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: $3,565
- Gross Receipts: $2,519,523
Assets and Liabilities:
- Total Assets: $1,855,273
- Total Liabilities: $15,876
- Net Assets: $1,839,397
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Organization Details
Founding Year
2012
Phone
(888) 505-3292Principal Officer
Melissa Williams
Main Address
PO BOX 141223, DALLAS, TX, 75214
Website
www.seedeffect.orgNTEE Category
Code: Q30 - International
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