Structured Employment Economic Development Corporation
Structured Employment Economic Development Corporation consistently operates at a deficit, with liabilities often exceeding assets.
EIN: 132875743 · Bronx, NY · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $6.6M |
| Program Spending | 80% |
| Net Assets | $-2,260,903 |
| Transparency Score | 60/100 |
Is Structured Employment Economic Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Structured Employment Economic Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Structured Employment Economic Development Corporation
Structured Employment Economic Development Corporation (EIN: 132875743) is a nonprofit organization based in Bronx, NY, classified under NTEE code S30. The organization reported total revenue of $5.8M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Structured Employment Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Structured Employment Economic Development Corporation is a mid-size nonprofit that has been operating for 49 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $6.6M |
| Surplus / Deficit | $-49,597 |
| Total Assets | $2.6M |
| Total Liabilities | $4.9M |
| Net Assets | $-2,260,903 |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 186.6% |
| Months of Reserves | 4.7 months |
Financial Health Grade: C
In 2023, Structured Employment Economic Development Corporation reported a deficit of $50K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 186.6% (high leverage).
Financial Trends
Over 11 years of filings (2011–2023), Structured Employment Economic Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | -2.3% | -36.4% |
| 2022 | -19.3% | -16.1% | +53.2% |
| 2019 | +10.2% | +11.8% | +56.5% |
| 2018 | -2.5% | -7.4% | +31.7% |
| 2017 | +20.2% | -8.0% | -17.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Structured Employment Economic Development Corporation with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Structured Employment Economic Development Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $50K, with expenses exceeding revenue.
- Debt-to-asset ratio: 186.6%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, suggesting that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is unusual for an organization of this size with annual revenues in the multi-millions.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Structured Employment Economic Development Corporation's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in multiple recent years (e.g., 2023, 2022, 2019).
- High liability-to-asset ratio, with liabilities often significantly exceeding assets (e.g., $4,872,360 liabilities vs. $2,611,457 assets in 2023).
- Significant decline in revenue over the past decade, from $39.2M in 2012 to $6.5M in 2023, indicating a substantial change in scale or funding.
- Unusual reporting of 0% officer compensation across all available filings for an organization with multi-million dollar revenues.
Strengths
The following positive indicators were identified for Structured Employment Economic Development Corporation:
- Long filing history (11 filings) indicates sustained operation over many years.
- Consistent reporting of 0% officer compensation, if accurate, suggests a strong commitment to directing funds towards mission-related activities rather than executive pay.
Frequently Asked Questions about Structured Employment Economic Development Corporation
Is Structured Employment Economic Development Corporation a legitimate charity?
Structured Employment Economic Development Corporation (EIN: 132875743) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 60/100. It has 11 years of IRS 990 filings on record. Total revenue: $5.8M. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Structured Employment Economic Development Corporation spend its money?
Structured Employment Economic Development Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Structured Employment Economic Development Corporation tax-deductible?
Structured Employment Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 132875743). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Structured Employment Economic Development Corporation's spending goes to programs?
Structured Employment Economic Development Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Structured Employment Economic Development Corporation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Structured Employment Economic Development Corporation is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Structured Employment Economic Development Corporation located?
Structured Employment Economic Development Corporation is headquartered in Bronx, New York and files with the IRS under EIN 132875743. It is classified under NTEE code S30.
How many years of IRS 990 filings does Structured Employment Economic Development Corporation have?
Structured Employment Economic Development Corporation has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.8M in total revenue.
Why does SEEDCO consistently operate with an operational deficit, as seen in 2023 ($6,558,823 revenue vs. $6,608,420 expenses) and 2022 ($6,324,471 revenue vs. $6,763,930 expenses)?
The consistent operational deficits suggest that the organization's expenses regularly exceed its revenue, potentially indicating a reliance on prior year reserves, grant funding with delayed recognition, or an unsustainable spending model. This trend has been observed in multiple recent years.
What is the reason for the significant decline in revenue from $39,274,822 in 2012 to $6,558,823 in 2023?
The drastic reduction in revenue over the past decade indicates a significant shift in funding sources, program scope, or overall organizational scale. This could be due to the completion of large projects, changes in grant availability, or a strategic downsizing.
How does SEEDCO manage its high liabilities, which often exceed its assets, such as $4,872,360 in liabilities against $2,611,457 in assets in 2023?
A high liability-to-asset ratio, especially when liabilities exceed assets, points to a negative net asset position. This could be due to significant deferred revenue, long-term debt, or other financial obligations that require careful management to ensure solvency and long-term stability.
Given the reported 0% officer compensation across all filings, how are the organization's executives compensated, or what is the leadership structure?
The consistent reporting of zero officer compensation is unusual for an organization of SEEDCO's size. It suggests either a volunteer-led executive team, compensation through non-officer roles, or a reporting method that does not categorize executive pay under 'officer compensation' on the 990 form, which warrants further clarification for transparency.
Filing History
IRS 990 filing history for Structured Employment Economic Development Corporation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Structured Employment Economic Development Corporation's revenue has declined by 81.8%, moving from $36.1M to $6.6M. Total assets decreased by 81.3% over the same period, from $14.0M to $2.6M. Total functional expenses fell by 83.3%, from $39.6M to $6.6M. In its most recent filing year (2023), Structured Employment Economic Development Corporation reported a deficit of $50K, with expenses exceeding revenue. The organization holds $4.9M in liabilities against $2.6M in assets (debt-to-asset ratio: 186.6%), resulting in net assets of $-2,260,903.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $6.6M | $2.6M | $4.9M | — | — |
| 2022 | $6.3M | $6.8M | $4.1M | $6.3M | — | View 990 |
| 2019 | $7.8M | $8.1M | $2.7M | $4.7M | — | View 990 |
| 2018 | $7.1M | $7.2M | $1.7M | $3.5M | — | View 990 |
| 2017 | $7.3M | $7.8M | $1.3M | $3.0M | — | View 990 |
| 2016 | $6.1M | $8.5M | $1.6M | $2.8M | — | View 990 |
| 2015 | $10.7M | $14.7M | $3.0M | $1.8M | — | View 990 |
| 2014 | $18.5M | $19.9M | $8.4M | $2.7M | — | View 990 |
| 2013 | $21.2M | $20.9M | $10.1M | $2.9M | — | View 990 |
| 2012 | $39.3M | $34.1M | $11.9M | $4.9M | — | View 990 |
| 2011 | $36.1M | $39.6M | $14.0M | $12.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $6.6M, and assets of $2.6M (revenue +3.7% year-over-year).
- 2022: Revenue of $6.3M, expenses of $6.8M, and assets of $4.1M (revenue -19.3% year-over-year).
- 2019: Revenue of $7.8M, expenses of $8.1M, and assets of $2.7M (revenue +10.2% year-over-year).
- 2018: Revenue of $7.1M, expenses of $7.2M, and assets of $1.7M (revenue -2.5% year-over-year).
- 2017: Revenue of $7.3M, expenses of $7.8M, and assets of $1.3M (revenue +20.2% year-over-year).
- 2016: Revenue of $6.1M, expenses of $8.5M, and assets of $1.6M (revenue -43.3% year-over-year).
- 2015: Revenue of $10.7M, expenses of $14.7M, and assets of $3.0M (revenue -42.2% year-over-year).
- 2014: Revenue of $18.5M, expenses of $19.9M, and assets of $8.4M (revenue -12.6% year-over-year).
- 2013: Revenue of $21.2M, expenses of $20.9M, and assets of $10.1M (revenue -46.1% year-over-year).
- 2012: Revenue of $39.3M, expenses of $34.1M, and assets of $11.9M (revenue +8.9% year-over-year).
- 2011: Revenue of $36.1M, expenses of $39.6M, and assets of $14.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Structured Employment Economic Development Corporation:
Data Sources and Methodology
This transparency report for Structured Employment Economic Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.