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Seeds of Fortune

EIN 46-5568476 · Brooklyn, NY

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

LegitimacyPassesRegistration and standingFinancial healthGood89 out of 100GovernanceWeak27 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SEEDS OF FORTUNE INC. IS A NONPROFIT EDTECH PLATFORM HELPING MEMBERS ON THEIR FIRST STEPS TO ECONOMIC SECURITY BY FINDING AFFORDABLE COLLEGE OPTIONS, BUILDING FINANCIAL MANAGEMENT, AND CAREER SKILLS IN A SISTERLY ONLINE NETWORK.

Income
$753,203
Spending
$727,599
Spent on programs
80%
Reserves
6.5 months of spending
Largest source of income
donations and private grants, 99%
Employees
3

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 89 out of 100. Higher than 76% of charities in its peer group (youth development, $250k to $1m).

  • Reserves

    28 of 35

    Spendable reserves would cover 6.5 months of spending.

  • Debt

    16 of 20

    It owes 23% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 3% of income.

  • Income trend

    15 of 15

    Income rose 17% on the year before.

  • Spending floor

    15 of 15

    80% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 27 out of 100. Higher than 5% of charities in its peer group (youth development, $250k to $1m).

  • Independent board

    5 of 25

    0 of 7 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed 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 June 30, 2025, 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. $582,117 spent. SEED OF FORTUNE INC. PROGRAM HAS FIVE TIERS: COLLEGE PREP LEADERSHIP PROGRAM, SEED SCHOLARS IN PARTNERSHIP WITH YALE WOMEN IN ECONOMICS,INNOVATION RESEARCH SUMMER PROGRAM, GIRLS START UP, AND SEEDS UNIVERSITY. COLLEGE PREP LEADERSHIP PROGRAM - IN THIS PROGRAM, STUDENTS LEARN ABOUT THE COLLEGE/SCHOLARSHIP APPLICATION PROCESS AS WELL AS ACCESS TO OUR COLLEGE PARTNERS, LEARN : COLLEGE ESSAY, SCHOLARSHIP AND COLLEGE APPS, PICKING THE RIGHT SCHOOL, SAVING FOR COLLEGE, FINANCIAL AID, COLLEGE MAJOR, FUNDING AS UNDOCUMENTED STUDENTS. SEEDS SCHOLARS IN PARTNERSHIP WITH YALE WOMEN IN ECONOMICS - THIS IS A COLLEGE PREP PROGRAM THAT HELPS NYC HIGH SCHOOLS RISING 11TH GRADE MINORITY GIRLS APPLY FOR COLLEGE SCHOLORSHIPS AND TEACH PROFESSIONAL AND FINACIAL MAMAGEMENT SKILLS.
  2. INNOVATION RESEARCH SUMMER PROGRAM - HS STUDENTS WILL LEARN WHAT IT MEANS TO RUN AND LEAD A COMPANY BY CREATINF AN EXECUTIVE TEAM AND DIVIDING INTO GROUPS TO PROVIDE INSIGHTS INTO HOW CORPORATIONS CAN WORK WITH LOCAL COMMUNITIES MORE EFFECTIVELY, AS WELL AS ADVOCATE FOR LOCAL COMMUNITIES WITH OUR PARTNERS. GIRLS START UP - ONLINE BUSINESS PLAN ACCELERATOR TO INCREASE ENTREPRENEURIAL AND DIGITAL LITERACY SKILLS SETS IN PARTNERSHIP WITH WIX.COM, BMO CAPITAL MARKETS, AND MORE. COMPETE FOR AN ALL-EXPENSE PAID TRIP TRIP TO MIAMI, FL. WHERE 3 LUCKY WINNERS COULD RECEIVE UP TO $6,000 IN CAPITAL FUNDING.
  3. SEED UNIVERSITY - A COLLEGE PROGRAM FOR THE GRADUATES OF OUR HIGH SCHOOL SCHOLARS AND MEMBERS TO FURTHER DEVELOP THEIR FINANCIAL AND CAREER SKILL SETS.

Source: Form 990 for the year ending June 30, 2025, 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 June 2025.

    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 2015.

    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.