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Schoolseed Foundation

EIN 26-4477567 · Memphis, TN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood71 out of 100GovernanceStrong92 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

At SchoolSeed, we recognize that the journey to enrich our community starts with our families and the environments we nurture for our children. We are dedicated to fostering a network of support that uplifts every family and child. By collaborating closely with residents, local organizations, and businesses, we aim to extend impactful programs that reach deep into the heart of our community. Our mission is to ensure that every child benefits from initiatives that enhance not only educational outcomes but also holistic development and family stability. We believe that strong families form the backbone of thriving communities, and through targeted support and active engagement, we are committed to catalyzing lasting positive change right where it matters most-in our community.

Income
$3.3 million
Spending
$2.9 million
Spent on programs
62%
Reserves
10 months of spending
Largest source of income
donations and private grants, 82%
Employees
2
Volunteers
6
Highest pay
$207,668, president/ ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 71 out of 100. Higher than 34% of charities in its peer group (philanthropy, $1m to $10m).

  • Reserves

    28 of 35

    Spendable reserves would cover 10.0 months of spending.

  • Debt

    5 of 20

    It owes 72% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 13% of income.

  • Income trend

    15 of 15

    Income rose 26% on the year before.

  • Spending floor

    8 of 15

    62% of spending went to programs and raising each dollar of donations cost 6 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 92 out of 100. Higher than 52% of charities in its peer group (philanthropy, $1m to $10m).

  • Independent board

    25 of 25

    6 of 6 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $1.6 million spent. SchoolSeed has been a trusted organization committed to developing and managing programs that directly impact children, families, and the broader community. At the core of our mission is a deep commitment to strengthening families, as we believe strong families lead to stronger communities. Through our initiatives, we provide essential services that help parents, children, and residents overcome challenges and build a foundation for success. Our flagship programs include: Kindred Place - Offering counseling support for parents, children, and families, helping them navigate trauma, stress, and mental health challenges. This work promotes healthier relationships and stability within households, ensuring long-term community well-being. Bridge Up Giddy Up - A unique equestrian program that immerses inner-city youth in the world of horseback riding, providing mentorship, life skills development, and exposure to new opportunities. This initiative has helped children develop discipline, confidence, and resilience. Community Collaboration and Outreach - We actively work with residents, local organizations, and businesses to address pressing community needs, supporting initiatives that contribute to overall neighborhood development and family stability. SchoolSeed is dedicated to securing and managing private resources to operate and expand these programs, ensuring families and youth in Memphis have access to the tools and support they need to thrive. Our focus remains on creating sustainable, impactful initiatives that uplift and empower individuals fostering a stronger, more resilient community for all.
  2. $165,604 spent. Sponsorships: Support core programs of schoolseed which include Bridge Up Giddy Up, Kindred Place and other community driven iniatives that impact children and families in the community.
  3. SchoolSeed initiatives that support children and families: Support schoolseed programs aimed at specified initiatives that impact children in the community and their families most immediate needs.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2009.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.