The SEED Foundation 2022 Annual Report

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Celebrating

25 YEARS ^

plus

Providing College Preparatory Education in a Public Boarding School Setting

2022 ANNUAL REPORT
CONTENTS 02 07 08 10 12 14 26 32 36 37 TO OUR COMMUNITY OUR MISSION & VISION SEED NETWORK OUR IMPACT OUR GRADUATES VOICES OF SEED OUR PARTNERS FINANCIALS OUR LEADERS JOIN US 01

TO OUR COMMUNITY

FROM OUR BOARD CHAIR

Dear SEED Community,

Education is ever more important, author and New York Times columnist Tom Friedman notes, in a world that is increasingly “flat” and “fast.” Our interconnected, swift world was never more apparent than during the height of the COVID pandemic, when quarantining called for isolating students and closing schools as a nation and a world. We all paid a price.

As a charter network of four college-preparatory, public boarding schools, focused on providing a high-quality education to all its students, SEED is taking on the challenges associated with learning loss, teacher attrition and emotional health setbacks due to COVID. There are careful readjustments to curriculum, expertly guided by the School Support Team; steady feedback from teachers, parents, and students themselves; and a quest for innovation by redesigning learning environments until they are right.

But isn’t that the very nature of SEED from the beginning? As Lesley Poole reflects in her letter, SEED started 26 years ago by looking for creative ways to advance the educational prospects for first-generation, low income, minority students, and finding unconventional ways to achieve that. So, innovation is in our DNA and the hallmark of SEED’s valued place in the constellation of the charter school movement.

There are so many people to thank for SEED’s promise and progress. Lesley has pointed out Raj’s and Eric’s vision and how it defined the nature of the network itself. And since becoming President and Chief Executive Officer in 2015, Lesley has shepherded us, surrounded by a team of dedicated professionals, making it all look so easy. But we know that the education of students, especially at this time in the setting we have chosen, is anything but easy.

Thank you, too, for the part you are playing, whether it is having the interest to learn about SEED for the first time or being a valued member of the SEED community as a student, parent, teacher, staff or board member, or friend. We cherish your involvement and look forward to working with you, as we continue to pursue the dream articulated 26 years ago by SEED’s founders.

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FROM OUR CEO

As I write this letter, it has been nine thousand, four hundred eleven days since Raj Vinnakota and Eric Adler founded The SEED Foundation. That is almost twenty-six years of believing that all children, regardless of their or their families’ circumstances, should be able to achieve their true potential in life and that a boarding school can be a tool by which that potential can be achieved. It is twenty-six years of asking, “What if students had access to teachers beyond 3:00 PM? What if we believed that socials skills were necessary habits for achieving lifelong success and that students needed formal and informal opportunities to learn and practice such skills? What if each student had at least one adult who knew their story, understood their joys and challenges, and believed in their dreams? What if students and families had the agency and information to select a college that was looking for first-generation, low-income, minority students, a college that has built the systems, programs, and culture to set those students up for success? What if public boarding were an educational option from which more families could choose?”.

As the most senior member of The SEED Network in terms of years of service, it will not surprise you that I am in reflection mode and probing whether SEED has made the social impact we envisioned almost three decades ago. In many ways, we have: SEED graduates earn college degree at a rate of 68 percent when they attend a right fit college or university and 48 percent when enrolling any four-year institution, outpacing the national college graduation rate of low-income, first-generation students, who earn degrees at a rate of 11 percent.

That said, looking at recent internal data, it is clear that there are still gaps to close. We have not yet reached our goals for all students, but the SEED community is committed to closing the gaps for its students and to ensuring that each SEED school consistently delivers high quality programming. In our twenty-six years, we have learned so much, and we are drawing on that depth of experience in order to chart a pathway forward.

So much about the SEED experience is difficult to quantify. One example is the idea of a personal network. We all know that no one succeeds alone, but we often take for granted the power of our own networks. Have you ever thought about how your own networks (friends, family, profession-based connections, alma mater, etc.) have helped you get into the best school, find a better job, start a new business, obtain a fellowship, and more? SEED graduates, those young adults who have been part of the SEED community since they were in middle school or ninth grade, continue to have invested adults they met at SEED who have become part of their personal networks. They also have each other, the growing network of SEED graduates across the country. But by being a part of the SEED community, they also have the opportunity to build and tap into networks (often including yours) they would have not had the opportunity to do so otherwise.

It takes time to build mutually deep, trusting relationships, and deep relationships are needed, not merely for the purpose of supporting students in doing their best academically, building a set of social and emotional competencies, or engaging in exposure opportunities, but also because having a reliable network is a priceless asset and might just support the journey of a first-generation, low-income, minority student to create a second generation of college graduates. For me, this is one of the most powerful answers to the question, “Why SEED?”

Thank you for your continued partnership, support, and for being an important member of SEED’s network.

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“The quality education that SEED offers is so important to the community. It provides resources that didn’t exist and makes it possible for families to grow and to break the cycle of poverty.”

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-Brandon Julot (SEED MD ’16, Goucher College ’20)
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OUR MISSION OUR VISION

The SEED Foundation partners with urban communities to provide educational opportunities that prepare underserved students for success in college and beyond. SEED’s innovative model integrates a rigorous academic program with a nurturing boarding program, which teaches life skills and provides a safe and secure environment.

We believe that all young people, regardless of circumstances, should be able to achieve their true potential in life.

Together with students, families, educators, activists, communities, and policymakers who share this belief, SEED strives to foster a nation where:

•Students who need it most have access to a high-quality, college-preparatory, public boarding education;

•Low-income, first-generation, college-bound students receive the support they need to thrive in college and beyond; and

•Our public education system embraces innovation to empower all students to own their educational journeys.

By 2028, SEED will continue to build on its expertise and proven success to deliver these outcomes to as many students as possible, becoming a nationally recognized leader in education innovation and college access and success.

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SEED NETWORK

THE SEED SCHOOL OF WASHINGTON, D.C.

We serve students and families with many differences, including family structure, neighborhood, and access to resources. However, one thing they all have in common is a desire for educational opportunities that will prepare them for college and beyond. SEED's unique boarding school model affords us the gift of time which allows us to accelerate learning, develop the character of each student, and expose our students to a wide range of ideas, people, and places. For example, we took a group of students to Greece last school year as part of our Greek Classics program. Our students were immersed in a cultural experience that transformed the way they viewed themselves and the world.

•Founded 1998

•250 Students*

•Grades 9-12

THE SEED SCHOOL OF MARYLAND

The public boarding option at SEED MD affords families the oppor tunity for their son or daughter to receive a 24-hour learning environment. From grades 6-12, our students are immersed in a college-bound culture with a rigorous curriculum and complimentary experiences focused on character development and other college and career ready skills.  We remain dedicated to this unique model because we know that for many students in our state, the dream of attending college and ultimately graduating from college is often deferred or denied based upon that family's circumstances.  Our boarding model partners with these families and others to ensure the dream of degree attainment is achieved.

•Founded 2008

•400 Students*

•Grades 6-12

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•Founded 2017

•360 Students*

•Grades 6-12

THE SEED SCHOOL OF MIAMI

There are many reasons that students and families select our college prep boarding school model. For most, they are drawn to our outcomes — 100% of scholars in our first two graduating classes have been accepted into college, and nearly all in the Class of 2022 immediately enrolled in college following high school. Families recognize that these results require significant time, effort, support, and exposure to unique opportunities. In our 24-hour setting students and staff are given the gift of time to maximize academic learning, social skill development, and emotional well-being in a nurturing environment. We have outstanding staff in the fields of education, mental health, youth development, and social work, and through a highly collaborative and integrated method, we work with students and parents to ensure that they manifest their dream to attend and succeed in college.

•Founded 2022

•400 Students*

•Grades 9-12

THE SEED SCHOOL OF LOS ANGELES COUNTY

SEED is an educational model that I truly believe in. Having a public boarding school option is true educational equity work. Equity is providing opportunity and access to communities that are in need and deserving of an intensive and supportive educational model. I am a big advocate for school choice. I believe that families should have the option of where their children are educated and should not be relegated to limited options because of where they can afford to live. They are rightfully due this wraparound model of service and support we provide scholars 24 hours a day, five days a week.

*Enrollment numbers reflect the full student capacity for each school.

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OUR IMPACT

COLLEGE READINESS*

100% 100%

FAFSA Completion Rate Compared to 57% Nationally College Prep Boot Camp Attendance

93% COLLEGE TRANSITION*

Immediate College Enrollment at 4-Year Institutions

COLLEGE SUCCESS

68% 48% Green Tier (Right-Fit) College Graduation Rate Overall College Graduation Rate

*Class of 2022

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OUR GRADUATES

2022 SEED HIGH SCHOOL GRADUATES

SEEDDC

Khalil Anderson

Bobbi-Dana Ballard

Savion Berryman

Osja Blackmone

Makiya Briscoe

Jalen Brown

Khareme Bush

Trinity Carter

Damirea Chase

Malaysia Davis

Sydney Diggs

Janessa Dixon

Domonique Eddy

Cierra Garrison

Gregory Giron

Leona Greene

Ka'pryce Hall

Makeylia Harris

Kamayia Henry

Charles Hudson

Antonio Jackson

Isaiah Lewis

Jalen McCain

Robert McClam

Yasmine McClam

Jaheim Seymour

Briana Spruill

Trinity Smith

Dionna Valentine

Anaisha Wade

Antoine Washington

Indyah Weathers

T'Niya Wheeler

Darius Wiley

Keyshawn Wormely

SEEDMD

Jaden Alston

Stephanie Amoky

Kaion Bowman

Aaliyah Byrd

Destiny Carter

Tyshawn Deloatch

Taniyah Eggleston

Kameal Fairley

Olukayode Falankay

Assatou Freeman

Sophia Gildersleve

Grayson Guzman-Navas

Samir Hicks

Deja Henson

Kameron Howard

Aaliyah Johnson

Shanaja Johnson

Jocelyn Keyaka

Anthony King

Kamira Langhorn

Brandon Manning

Sarah Mark

Troy McKissic

Blessen Mitchell

Lynell Nchako

Dexter Nkimbi

Amelia Nwuzor

Justin Pryor

Justin Reid

Trinity Robinson

Gabriella Rose

Kaiyearra Saunders

Jerney Thomas

Dayeveon Thompson

Darian Tucker

SEEDMIAMI

Alex Carrie

John Dehaarte

Kandace Ephord

Keion Jean

Rose Jeremie

Khareem Jones

Jabez Joseph

Jonathan Larose-Michel

Zoe Leader

Vanessa Levasseur

Danielle Mears

Fitzgerald Melville

Carlos Molina

Osenka Normile

Jessenia Pacheco

Jocelynn Pacheco

Juliana Pierre

Faith Previlong

Iranis Rodriguez

Kimberly Silencieux

William Trochez

Jahmarley Vivens

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2022 COLLEGE GRADUATES

Jazmine Anderson

SEED MD ’18, Albright College ’22

Anthony Blue

SEED DC ’16, University of Maryland Global Campus ’22

Dakara Da’Costa SEED DC ’18, Union College ’22

Daniel Darko SEED MD ’17, Liberty University ’22

Shem Darko SEED MD ’17, Salisbury University ’22

Dominick Francois SEED MD ’17, University of Wisconsin–Stevens Point ’22

Derek Green SEED MD ’17, Salisbury University ’22

Renarda Harris

SEED DC ’13, University of the District of Columbia ’22

Jewel Herndon SEED MD ’16, Allegany College of Maryland ’22

Imani Kenley SEED MD ’18, Albright College ’22

Dana Manuel SEED MD ’18, University of Maryland Eastern Shore ’22

JieJer Patrick SEED DC ’18, Purchase College, State University of New York ’22

Vanessa Priggs SEED MD '18, St. John's University '22

Jamilya Rich SEED DC ’16, University of the District of Columbia AA ’22

Myiah Smith

SEED DC ’16, Georgetown University ’20, Johns Hopkins University MA ’22 All bachelor’s degrees

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unless otherwise noted.

Myiah Smith, SEED Graduate

Education is a form of empowerment to equip oneself with the knowledge to face a constantly shifting world. Education prepares you to be flexible and flow with the changes. As learning happens, youth see themselves reflected within a larger society. Education is about ensuring diverse, inclusive, equitable, and sustainable opportunities for youth to be critical thinkers to examine the world around them deeply, how their relationships impact how they choose to live and exist, and how they can craft a life befitting to them.

My parents and community instilled the importance of education in me at a young age. My siblings and I were encouraged to access all of what the school environment had to offer. It was more than what we brought home on our report cards—but how we demonstrated our learning in and out of the classroom. This encouragement pushed us to excel in our studies and participate in extracurriculars and after-school programming. As a result, my four younger siblings choose different paths, enrolling at School Without Walls, McKinley Technology High School, and Duke Ellington School of the Arts. We each choose schools best aligned with our interests and goals. So, when I learned about The SEED School at ten years old, I was ecstatic!

In 2009, I joined the SEED DC community as a 6th-grader. It reminded me of sleepaway camp; It was more than just a boarding school! I attended Geometry classes with Ms. Princess Harrison, Art with Ms. Kamala Subramanian, and even an elective Why New Orleans Matters class with Mr. Topher Kandik. Evening programming included floor movie nights and DEAR-Drop Everything And Read. From academics to field trips, STEAM, and sports, SEED did a great job curating academic and extracurricular activities—recognizing that each student class had different interests. I participated in the SEED Falcon Theater, along with Varsity Soccer, and our newspaper club, The SEED Quarterly. With the community's support, I had the opportunity to travel abroad during my junior year to Germany on the Congress-Bundestag Youth Exchange scholarship. This experience sparked my interest in diplomacy and cross-cultural learning.

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We talked to Myiah Smith (SEED DC ’16) about the impact of choosing to make SEED a part of her educational journey, and the value of education to her family and the community.

Despite the adversities my peers and I faced regarding classism, racism, and access within Washington, D.C., we persisted. I grew close to my peers and developed relationships with teachers and mentors that kept me grounded. The variety of exposure opportunities at SEED provided the well-rounded education critical for my development. I decided to begin and complete my educational journey at SEED DC, and in 2016, I graduated valedictorian.

I don’t currently work at a law firm, and I'm not a CEO (yet), but that doesn't stop me from attributing value to our society and empowering the world today. Choices should not be exclusive to those with the privilege to attain them. Those who experience oppression and lack significant economic resources have a right to choose and gain an empowering education.

Giving families a choice to attend The SEED School empowers students to develop well-rounded skills. SEED gifts students a path that opens doors to unrealized potential with the tools to thrive in a society of their own creation. SEED continually contributes to educational justice, especially within communities that face the most injustice. It's been an honor to continue to learn alongside the SEED community and all its members— students, graduates, staff and teachers, our donors and supporters— who contribute to the shared mission of educational justice that empowers future generations of leaders and change makers.

Following SEED, I attended Georgetown University School of Foreign Service and graduated during the pandemic in May 2020. In the summer of 2022, I completed my Master of Education at Johns Hopkins University. I proudly work as an ESOL Educator and liaison of DEIA.

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"We are awed by SEED's relentless determination to transform lives and systems, to champion the rights of their students to attain a college degree, to build on strengths that others don't acknowledge, along with a willingness to speak uncomfortable truths. This is all fueled by their deep commitment to and respect for the people they serve: SEED families and students and their communities. This is why we are honored to support SEED."

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-Meredith and Joe Callanan, SEED Supporters since 2016
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To say that Kevin and Haise Borgmann are friends of SEED is an understatement. For over two decades, they have been trusted partners—making introductions to potential new friends of SEED, giving generously, serving as advocates, and now contributing to our Annual Report. I am beyond thankful for their dedication and immense kindness.

In this year’s report, we are honored to highlight the Borgmann family, how education has played a key role in their personal journeys, and why they continue to support SEED’s work. I hope you enjoy!

Haise Borgmann, Long Time SEED Champion

Over the 23 years we have been involved with SEED, we have watched it grow from the germ of an idea into a system of public, college-prep boarding schools that span the US from coast to coast. Each year, SEED DC added students, building up to its first graduating class in 2004. As SEED DC sent its students to college, it expanded its commitment to supporting those students as they traveled that path. And, once out of college, SEED supported its students as they searched for jobs and served their communities. The commitment that SEED has made to the students who attend and their families has continued to inspire us to renew our commitment to support SEED year after year. We are invested in the process that SEED has established, reinforcing both the academic and social/emotional aspects of learning and continuing to serve as a resource to SEED students and their families well beyond their graduation. We have been amazed to watch over two decades as that carefully-crafted experiment has blossomed and born fruit, welcoming new classes of students each year under the caring canopy of SEED.

My father was the first in his family to go to college. He would have gone to a junior college to play basketball, had it not been for a teacher who encouraged him to apply for an academic scholarship to a four-year college. He won that scholarship and received more money to go to a four-year college than to the junior college, and one might say that changed the trajectory of his life—and mine. My husbands’ parents were also first-generation college students, and his father was an immigrant who studied in the US as an exchange student and then moved here for college. Both of our mothers were teachers. Giving us the best education possible was a priority for both families, and even though resources were tight, they figured out a way both to send us to the best schools they could find as well as to college. They took out loans and did whatever it took to give us the gift of education, and that gift opened up the world to us, through the people we met and the opportunities available to us. We both feel like we owe so much gratitude to our parents for the sacrifices they made to provide us with our education and everything that came with it; we also recognize the impact that kind of education gave us and feel inspired to help students and families access similar educational opportunities. We recognize the sacrifice and support the families who send their children to SEED undertake—they want to give their children

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the best educational experience available to them, and they believe that the college preparatory boarding school model SEED offers provides that opportunity. Students are exposed to inspiring teachers, mentors, foreign travel, internships, a well-thought-out college matching process, and an overall supportive environment that prepare them for success.

We have been particularly impressed with the College Transition and Success (CTS) program that SEED employs to help find the best college situation for their students and with the support that SEED gives to its students once they graduate from SEED. When a family commits itself to a SEED education, SEED commits its personnel and resources to supporting that family throughout their students’ educational experience and even into the world beyond school. That dedication and the network it provides for the students and their families has continued to speak to us and given us even more reason to support SEED.

On a more personal note, in the conversations we have had over time with co-founders Eric Adler and Raj Vinnakota and frequently with SEED leaders Lesley Poole, Chief Executive Officer, and Vincena Allen, Chief Growth Officer, we see the tireless energy, constant innovation, and inspired ideas that have led to the success of SEED as an idea and as an institution as well as to the success of its students. What has stood out to us throughout our time with SEED is the care that its leaders pour into the students, often long after they graduate, and the lifelong commitment SEED has to positive outcomes in its students’ lives. We recently watched a video featuring SEED graduates, in which they shared how the journey through SEED and on to college impacted their lives. The words they spoke perfectly encompassed the reasons we support SEED: the unique opportunity to be exposed to rigorous academics and enriching learning experiences in a safe and supportive environment.

We are thankful to have learned in such an environment, and we are happy to support SEED in its endeavors to provide the same to its students so that they can take root, grow, and develop under the nurturing hands of their families and the educators, care takers, and leaders of SEED, to become mighty oaks, fortified by the care and education of their years at SEED and ready to stand strong on their own.

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When we asked Haise Borgmann to interview Ms. Michael Da’Costa about her decision to raise her children in the SEED community, we knew she was the absolute right choice! Haise is not only a longtime friend of SEED and experienced writer, but she is also someone who deeply understands the value of a public college prep boarding education and the power of family.

We are grateful to Haise for the compassion and energy she put into writing this piece, and we are forever inspired by Ms. DaCosta’s courage, heart, love for her children and faith in SEED. I know all will be encouraged by the story of the Da’Costa family…please enjoy!

Michael Da’Costa, SEED Family

“SEED is my village.” Ms. Da’Costa ended our conversation with that sentiment, and all the words that she shared over the course of our time together painted a picture of that village.

When Ms. Da’Costa was first introduced to SEED DC, she was looking for a school that would offer her children a safe place to go as well as somewhere that would offer her children a positive environment in which to learn and grow. As a single working mother of five children, she was concerned with her children’s safety as they traveled to and from school as well as what they were exposed to while at school. SEED was an answer to her prayers. While it was difficult for the closely-knit family to adjust to being apart from each other during the week, Ms. Da’Costa had faith that SEED was providing her children with a safe learning environment, and that knowledge brought her great peace, a sentiment she reiterated throughout our conversation. “God blessed our family with the SEED.” She prayed about her decision to send her children to SEED and felt that God put all the pieces in place and guided them to this opportunity.

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As her first SEED student, Alex, settled into the new structure and rigor of the school, Ms. Da’Costa encouraged her to persevere through homesickness and the trials of adjusting to her new school environment. As each of her other children became old enough to attend, Ms. Da’Costa was relieved that they could be in the same place, together again. She picked SEED not only for the safety it offered, but also for the opportunity for her children to develop independence. Once they were at SEED, they were able to shine and make the most of SEED. Ms. Da’Costa liked that her children learned to strive and became excited to learn. They became motivated to finish SEED, which was quite a transformation from their early educational experience and the more challenging early days they experienced as they adjusted to SEED. “They wouldn’t have made it at a regular school, given the kinds of things that were happening….They have made great accomplishments because of SEED.”

Ms. Da’Costa credits the teachers and staff at SEED for the strong mentoring relationships her children experienced. Since their father was not a strong presence in their lives, it meant a lot to Ms. Da’Costa that her sons had caring male mentors who could support them as they grew and matured and who could share insights with her as well about parenting teen boys. In addition, her children were able to experience their city, sampling local restaurants and trying new things. When they are together, her children reflect on their stories and experiences from their time at SEED. They still want to stay in touch with mentors, teachers, and staff from SEED, seeking them out when they return home. Those relationships also inspire her children to be involved with SEED in order to provide support to the next generation of SEED students, further building the village that Ms. Da’Costa spoke of so fondly: “Greatness all around.”

Not only did her children get to explore their city, but they were able to explore the world. “Their dreams became big once they went to SEED,” Ms. Da’Costa said. “They could visualize doing certain things around the world and then go accomplish them.” Even though she has never been on an airplane, Ms. Da’Costa secured passports for all of the children so they could travel. Since graduating from college, one of her sons, Dakoda, is now working in IT in Austin, Texas, and her youngest daughter, Dakara, lives with her husband on an Air Force base in Italy. Her children are encouraging her to fly—she has motivation to give it a try to go see where her children are living now! They want to broaden her world in the way that she helped broaden theirs, giving them the wings to fly by sending them to SEED.

When Ms. Da’Costa reflected on her goals for her children, she said wanted them to go to school and promised them she would find a way for them to go to college afterwards but wasn’t sure how to accomplish that goal. With the support of SEED and their college counselors, teachers, and mentors, they were able to explore the best fit for each of her children as well as to access the financial support to fund their college experiences, helping Ms. Da’Costa make good on the promise she made to her children.

Ms. Da’Costa and her children made a commitment to their SEED experience, and SEED has continued their commitment to the Da’Costa family—and the hundreds of others who have gone to SEED—well beyond their graduation from high school. Ms. Da’Costa summed that connection up by saying, “It’s just like family.”

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Aline (SEED LA ’26) shares why she and her family decided SEED was the best choice for her future, and what it means to be a first-generation college-bound student.

Aline, SEED Student

My mother values education. She believes that obtaining knowledge and having a degree can help you get far in life. She feels that degree holders have access to more resources—so she’s been very supportive of me going to SEED.

I came across SEED LA through a social media advertisement. I immediately told my mom about SEED and how it was a new high school in our community with a college prep boarding environment. I was interested in hearing more because I felt it would be a great opportunity for me. Having the structure of a boarding school would help me to concentrate on my work and to prepare for college.

When I learned that SEED LA had a focus on STEM, I was eager to enroll. The STEM curriculum is important to me because I think it will give me access to more career options in the future. I have always been interested in STEM, but my weak subject was math. However, since coming to SEED, I have become more confident in math and have the support from my teachers to continue to grow. We also have study hall after school where tutors are available to help us with our homework. Outside of school, I am a member of the Student Ambassador Leadership program. In fact, I am running for vice president of the founding class of 2026!

What I like about being a SEED LA student is that it is not only a school, but also a community. You build bonds with your classmates and connections with your teachers. For example, on my floor in my dormitory, we have house meetings in the evenings where we get together and talk about how our day is going. We also have conversations with our student life counselor about how we can express our feelings, and how we can be self-aware.

I’ve only been a SEED student for 3 months, but I really like the environment. It's fun to be here! I want to go to Harvard or Yale and to either become a neurosurgeon or a lawyer. I am on the path to becoming the first in my family to graduate from college and I think SEED will help me pursue my dreams and reach my goals.

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Darian Tucker, SEED Graduate

Constantly educating myself is critically important to me. As an African American male, I must take extra steps to ensure I build the network, skills, and knowledge to succeed in today’s society. Knowing this motivates me and led me to my journey at SEED.

My path to SEED started at Baltimore’s Annual School Choice Fair—an annual fair where families and students can learn about the middle and high schools available for enrollment. Attending this fair was valuable to me because I wanted to go to a school with a quality education that would help me with my goal of getting to college. At the fair, SEED was one of the schools that really caught my eye—I was intrigued by the boarding component. And after I toured SEED MD’s large campus, I began to imagine myself staying in one of the dormitories. I knew SEED was the place for me. However, it took my parents a bit more convincing—but when they learned about the academics, Sparks (extracurricular opportunities to explore interests and passions), and study abroad programming, they began to come around.

I enrolled at SEED MD in 2016 when I was eleven years old. I immediately developed close bonds with my peers, teachers, and counselors. I felt like I could go to them with things that I didn’t feel comfortable discussing with anyone else. I considered SEED home.

Most kids growing up in my neighborhood haven’t attended professional football and baseball games—and they especially haven’t traveled to Brazil to learn about other cultures, languages, and experiences. I also developed a love for the performing arts and joined SEED’s Showstoppers theater troupe. We performed the classic story Sleepy Hollow and gained a better understanding of the arts through a program with the Baltimore Center Stage.

My journey at SEED led me to study nursing and theater arts at Albright College in Pennsylvania. I am currently in my freshman year. Transitioning to a predominantly white college in southeastern Pennsylvania has been challenging. But my seven years of living away from home at a boarding school, the support of my SEED college success advisor, and the generous financial aid package offered have helped to make the adjustment a bit easier. I have also joined the African American Society and Domino’s Club and look forward to exploring Albright’s study abroad program once I have gotten accustomed to campus life here. These resources serve as an outlet and a way for me to connect with peers that share some of my interests and experiences.

I don’t have many male role models in my family that graduated from college, so I felt like earning a degree was something that I needed to do. I’ve worked hard to get here—I deserve to be here and I thank SEED for helping to put me in the position to make a difference in my family.

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We spoke to Darian Tucker (SEED MD ’22) about how the SEED community prepared him for college, and what academic success means to him and his family.

REFLECTIONS FROM OUR LEADERSHIP TEAM

The Rev. Dr. Martin Luther King, Jr., said, “Life’s persistent and most urgent question is, ‘What are you doing for others?’” I realized early in my career that while earning a living is important, being of service to my community is really what got me out of the bed in the morning. So, why SEED? Because I see the impact of our work every day, and I get to work with talented, brilliant professionals committed to partnering with students and families so they can achieve their dreams. Students and their families deserve to be able to choose from a range of high-quality educational options for their educational needs. My hope is that, someday, there are enough public boarding schools across the nation so every student and family who wants that option can choose it.

From my perspective, the work of SEED is about creating equity through access and opportunities. To that end, the scholars, graduates, families and communities SEED serves and partners with unquestionably deserve a college preparatory boarding option within the public education system. This is true not only locally but also nationally; I believe SEED advocates for and implements a model that is vital not only on an individual, personal level, but also critical to developing the next generation of local, national and global innovative leaders and change makers. It is our job as adults - indeed, our responsibility - to provide the critical building blocks, access to resources and opportunities to learn. I wholeheartedly believe that when young people have access to a quality education and opportunities to grow and shine like those available at SEED, they have the ability to do and achieve anything.

24

WELCOME TO THE SEED COMMUNITY

FROM OUR SEED LA BOARD CHAIR

In 2004, I was working for a TV & Film production company in Hollywood. As a producer, I was trained to recognize ‘a good story’ when I saw one. There was a story on Nightline about SEED that moved me. I was so inspired by what I saw that I convinced my friend, Jo DiSante, to play hooky with me and fly to DC to meet with Raj and Eric to learn more. After the visit, I was convinced that SEED’s innovative model, one that was delivering extraordinary outcomes for students was an option that had to be available to young people in Los Angeles. I did not know it then but the decision to pursue bringing a SEED School to Los Angeles would change my career trajectory. I now run my own non-profit, Make Good, Inc. and get to spend my days doing work that is meaningful to me.

Both of my parents believed deeply in the power of education to open doors and create opportunity. They both came from humble beginnings and worked very hard to create their own success and clear a path for their children to succeed as well. My mother was part of the women’s movement and made it clear that one should never feel trapped, that women had options and that education (college) could be the catalyst for empowerment. My mother was one of the first female board members on our local board of education. Growing up, my sisters and I were lucky to have the benefit of solid local public schools.

Because I know, one size does not fit all. If we want our society to prosper, we need to invest in our young people and provide them with all the tools to succeed. We need to meet people where they are. For some young people to reach their full potential, a boarding school environment is exactly what is needed.

I never gave up on the idea of SEED coming to Los Angeles. It was always about timing and will and both finally lined up. I will continue to support SEED because SEED believes in the power of potential and provides all the tools to help these deserving young people achieve. I believe in the long-term ripple effect that this will have on our society, and I am grateful to be part of it. Establishing SEED in Los Angeles was a herculean task. There are so many people that persevered and had the courage and passion to make it a reality.

2503

OUR PARTNERS

DONOR LIST

VISIONARIES

$ 1,000,000+

Adler Family Foundation, Inc.

Baltimore Raves

Ballmer Group

The Batchelor Foundation, Inc.

Natasha and Brandon Beck

Renee and Stephen Bisciotti

Braman Family Foundation

The Board Foundation

The Honorable Ann W. Brown and Donald A.* Brown

Chris D. and Nina M. Buchbinder

California Community Foundation

The Capital Group Companies

Charitable Foundation

CityBridge Foundation/Katherine and David Bradley

The Community Foundation for the National Capital Region

Ryna and Melvin* Cohen & Marcella and Neil Cohen

The EMCF True North Fund

The Edna McConnell Clark Foundation

The Farmer Family Foundation

France-Merrick Foundation

Ann B. and Thomas L. Friedman

Elizabeth W. and Michael P. Galvin

The George Preston Marshall Foundation

The Glenstone Foundation

Tucker and Jack* Harris

The Harry and Jeanette Weinberg Foundation, Inc.

Nancy T. and Robert C* Hector, Jr.

Helios Education Foundation

Joseph Drown Foundation

Andrea B. and John H.* Laporte

Lewy Family Foundation

Los Angeles County

The Los Angeles County Metropolitan Transportation Authority

Margie & Robert E. Peterson Foundation

Lisette and Manuel D. Medina

Mitchell P. Rales Family

Foundation

Patricia B.* and Arthur B.* Modell

The Morris & Gwendolyn Cafritz Foundation

National Philanthropic Trust

Marina and David Ottaway

Paul J. DiMare Foundation

Margie & Robert E. Petersen Foundation

Edwin and Penelope F. Peskowitz

Ralph M. Persons Foundation

Robert P. and Arlene R. Kogod Family Foundation

Sheila and Michael Ryan

Cindy Stone

Venture Philanthropy Partners

Weingart Foundation

The Whiting-Turner Company

The William R. Kenan, Jr. Charitable Trust

LEADERS

$100,000+

A. James & Alice B. Clark Foundation

The Aaron Straus & Lillie Straus Foundation

The Abell Foundation

Ronald D. and Anne E. Abramson

Derek M. and Merel Abruzzese

Ellen C. and R. Ware Adams

The Ahmanson Foundation

Deborah and Patrick W. Allender

The Amanter Fund

The Annie E. Casey Foundation

Anthony & Jeanne Pritzker Family

The Arcana Foundation

The Honorable Ronald E.* and Dawn Arnall

Ash Institute for Democratic Governance and Innovation

Ashoka: Innovators for the Public

Bainum Family Foundation

Baltimore Community Foundation

Banyan Tree Foundation

The Barry and Wendy Meyer Foundation

Benificus Foundation

The Bill and Melinda Gates

Foundation

The Bloomberg Foundation Bloomberg Philanthropies

Haise R. and Kevin S. Borgmann

Antoinette and Edward B. Brody

Aviva D. Budd

The California Wellness Foundation

CareFirst BlueCross BlueShield

Carnival Foundation

Charles and Francene Rodgers

Charitable Fund

Charles and Helen Schwab Foundation

Clayton Baker Trust

Gina D. and Brooke B. Coburn

Nancy Y. and Martin Cohen

Commonweal Foundation

Concordia Foundation

Cora and John H. Davis Foundation

The Cornerstone Group

Louise and Nicholas Cortezi

Melanie Damian

David and Lelia Centner

Charitable Foundation

Rosalee and Richard Davison

The Honorable John K. Delaney and Mrs. April Delaney

The DeVito Family Trust

Jolynn and Robert H. Dickinson

Louisa C. and Robert W* Duemling

Educate Tomorrow

Educational Promis Foundation

The Elizabeth A. Brinn Foundation

Lois and Richard* England

The Ethel and W. George Kennedy Family Foundation

The Fancy Hill Foundation

Fannie Mae Foundation

Fight For Children

The Ford Foundation

The Freddie Mac Foundation

French American Charitable Trust

George Wasserman Family Foundation

Henry H. Goldberg and Carol Brown Goldberg

Goldseker Foundation

26

SEED would not be possible without the visionary leaders who have given the following cumulative gifts and commitments to the SEED network.

Tawara D. and Jesse Goode

Barry and Mary Gossett

Gray Family Charitable Remainder

Unitrust

The Greater Cincinnati Foundation

Harman Family Foundation

Harris Family Foundation

Helen Bader Foundation

The Hoffberger Foundation

HSBC - North America

Inner Spark Foundation

Israelson Family Foundation

Jacobs Engineering

Janis Minton Consulting

The Jenesis Group

The JIB Fund c/o JMC

Philanthropic Advisors

John N. Calley Foundation

Lisa Kanengiser and Laurence T. Ginsberg

Carolyn Kaplan

Kathleen Kennedy Foundation

The Kenneth S. Battye Charitable Trust

Kirk Foundation

Karen and Bruce Levenson

Lockhart Vaughan Foundation, Inc.

Lumina Foundation for Education

The Lynde and Harry Bradley Foundation, Inc.

Mary Sullivan Gross Scholarship Fund

Max and Victoria Dreyfus Foundation, Inc.

Mark and Holly McCulloh

Bob and Virginia McGregor

Medina Family Foundation

The Meltzer Group

The Merrill Family Foundation

Merritt Properties Trust

The Miami Foundation

Middendorf Foundation, Inc.

Marian and Marc Milgram

Virginia W. and James M* Newmyer

Melanie F. and Laurence C. Nussdorf

The Ohrstrom Family Foundation

The Oprah Winfrey Foundation

The Nicholas B. Ottaway Foundation

The Otto-Whalley Foundation

Peacock Founadtion

The Philanthropic Collaborative

The Philip L. Graham Fund

The Reveas Foundation

Carolyn A. and Joseph E. Rice III

Richard E. and Nancy P. Marriott Foundation

Riordan Foundation

The Rose Hills Foundation

Stephanie and Scott Rostan

The Rouse Company Foundation

The Samuel G. and Margaret A. Gorn Foundation

The Scheide Fund

Eric E. and Wendy Schmidt

The Secret

The Shelter Foundation, Inc.

Betsy R. and George M. Sherman

Eileen Shields-West and Robin West

Sidman Family Foundation

The Skoll Foundation

Jacquelyn Soffer

Solid Rock Foundation

Ruth M. and Arne M. Sorenson

The Stavros S. Niarchos Foundation

Sarah and David J. Steinberg

Michael Stubbs and Bill Resnick

Sunrise Foundation

James and Trevessa Terrile

Dorothy A. Terrell

TriMix Foundation

Emily B. and Antoine W. Van Agtmael

Katherine M. and Bradley J. Vogt

W.M. Keck Foundation

Joanna and Alan Wallenstein

The Walton Family Foundation,

Inc.

Wright Family Foundation

Michelle J. Yee and Reid Hoffman

Judith H. and Leo E. Zickler

Sean W. Zielenbach and Meghan Henning

*Donors who are deceased

We put extreme care into ensuring the accuracy of our donor list. If you have any questions or comments about how your generous gift appears here, please contact Alisha Huntley at ahuntley@seedfoundation.com.

27

We gratefully acknowledge the donors who have contributed to SEED July 2021 - June 2022.

$1,000,000+

Margie & Robert E. Petersen Foundation

$500,000-$999,999

The JIB Fund c/o JMC

Philanthropic Advisors

The Rose Hills Foundation

$250,000-$499,999

The California Wellness Foundation

The Frederick A. DeLuca Foundation

Ann B. and Thomas L. Friedman

$100,000-$249,999

The Batchelor Foundation, Inc.

Chris D. and Nina M. Buchbinder

The Capital Group Companies

Charitable Foundation

Charles and Helen Schwab Foundation

Jacobs Engineering

Elizabeth W. and Michael P. Galvin

Medina Family Foundation

Potamkin Family Foundation

Katherine M. and Bradley J. Vogt

$50,000-$99,999

Audrey B. Drossner

Kathleen Kennedy Foundation

Kirk Foundation

Robert P. and Arlene R. Kogod

Andrea B. and John H.* Laporte

Palmetto57 Nissan Service Center

$25,000-$49,999

Eric S. and Suzanne M. Adler

James B. and Esthy* Adler

Adler Family Foundation

BGE, an Exelon Company

Carol and James Collins Foundation

Doug & Kaisa Levine Family Support Foundation

Eileen Shields-West and Robin West

Goldhirsh Foundation

Thomas Manning

Mary Sullivan Gross Scholarship Fund

Mark and Marcy Smith

Sunrise Foundation

Emily B. and Antoine W. Van Agtmael

Sean Zielenbach and Meghan Henning

$10,000-$24,999

Lyn Aborn and Scott L. Molinaroli

Ronald D. and Anne E. Abramson

Derek M. and Merel Abruzzese

Frank Armstrong

The Battier Take Charge Foundation

Ginny Boschen

Tom Cabrerizo

Meredith and Joe Callanan

Melanie Damian

Jolynn and Robert H. Dickinson

Dow Jones Foundation

Ed Reed Foundation

The Fine and Greenwald Foundation, Inc.

The George Preston Marshall Foundation

Nancy T. Hector and Robert C.

Hector, Jr.

Samuel and Pam Himmelrich

Israelson Family Foundation

The JBG Smith

Patricia H. and Mark K. Joseph

Lewy Family Foundation

Martin Screen Printing and Sign Supply, Co. Inc.

Mark and Holly McCulloh

The Meltzer Group

Virginia W. and James M.*

Newmyer

NFL Foundation

Nunberg Family Foundation

Melanie F. and Laurence C.*

Nussdorf

Paul J. DiMare Foundation

PNC Bank Charitable Trust

Carolyn A. and Joseph E. Rice III

Scott and Stephanie Rostan

Robert Smith

Marsha Soffer

Ruth M. and Arne M.* Sorenson

Dorothy A. Terrell

James and Trevessa M. Terrile

Custodio Toledo

Truist

The Whiting-Turner Company

$5,000-$9,999

Denise and Philip M. Andrews

The Barbara A. Stiefel Foundation, Inc.

Patricia Baum

Katherine B. Bradley and David Bradley

Andrew Carton

Damian & Valori LLP | Culmo Trial Attorneys

Diane and John Baum Family Fund

Dimond Kaplan & Rothstein P.A.

Exquisite Catering by Robert

Patrick Gannon

Peter and Patricia Handal

Kelly and William Hardy

Alison Clasby Harke, P.A.

Roberta Rust Jeffries

Deborah and Frank Jimenez

Harry P.* and Elizabeth Lebow

The Miami Foundation

Marc E. Miller and Stephanie deSibour

Donald G. Munson

Katherine F. Pisano

The Preston G. and Nancy M. Athey Fund

Schreibman Family Charitable Fund

Stephen D. and Gail Shawe

JP and Meghan Sheehan

Judith W. and Alan Tapper

$1,000-$4,999

Vincena M. Allen Anonymous

Moseley Architects

Susan and Robin Baker

Bankruptcy Bar Assoc. of the Southern District of South FL

Matthew and Deb Baum

Helen and Seth Becker

Mary Ann and John Beckley

Krista Bedford

Ellen C. Benson

Richard B. Bermont and Anne M. Levy

Richard O. Berndt

Ronald Book

Monique Booker

Thomas and Nancy Brandt

Michael Braun

Gerald Bruce Lee

Jennifer Bryant and Bruce I. Friedland

28

Ann Burris

George Cabrera

Doris and John Cameron

William Canida

Anne S. and J. William Charrier

The Chuck & Ellen Knudsen

Charitable Gift Fund

Craig Ciekot

Keniq Coney

Carol and Gerald Cope

Archie and Penelope Cordish

Antwain Coward

Toussaint Crawford

Anne E. Crawford

Barry and Jennifer Crosthwaite

Juliana M. Davis and Clyde Relick

Earle & Annette Shawe Family Foundation

Enterprise Holdings Foundation

Exelon Foundation Matching Gifts

Program

Steven Fedder

Tony Fiorentino

Bobbi and Barry Freedman

Tawara D. and Jesse Goode

Audrey F. and James P. Gorter

Green Mount Cemetery

Diane Grob

LaLeatrice Hall

Ellen Harvey and Tad Sperry

Anthony T. Hawkins and Paula Rome

Helios Education Foundation

Jacquenette Helmes

Andrew and Staci Hodge

Sylvia and Herbert Horowitz

Khaled Ismail

Margaret Jackson

Jacob S. Shapiro Foundation

John and Jacolyn Bucksbaum

Family Foundation

Cheryl Johnson

Jacqueline Jones-Peace and Breon

Peace

Joseph Samuel Isicoff Memorial Fund

Karen Kaub

Mark and Lisa L. Kaufman

Therese Kelly and Peter Kovac

Robert S. and Pedie Killebrew

Georgette D. Kiser

Lee Andrews Group

Larry Levingston

Eric and Pam Loeb

Jennifer Lyon

Jeffrey Miller

John Miller

Rosalia G-H Miller and Richard Miller

Rae Millman

Adrianne Mittentag

James W. Moeller and Marsha MacBride

The M&T Charitable Foundation

John Murison

Gail and Donald Myers

Lisa Naeger-Robinson and Doug Robinson

The Rose Family Foundation

Christopher and Elise Niemczewski

Morris Offit

Kimberly Park

The Pinkhouse Group Foundation

Lesley Poole

Leonard Powell

Gregory Pratt

Sharon and James Quarles

Robin Quivers

Martha Rabbitt

Ronald Raider

Raytheon Technologies Charity Custodial

Andrea Graham Rechichi

Anne and Sean Regan

Susan D. Ridder

Christine Rinehart

Jane B. Rodbell

Deborah and Michael D. Salzberg

Paul Saval

SB & Company, LLC

Desa Sealy

Jill and Bradford Seibert

Samford Shapiro

Marieke Shukla

Porter Siems

Shane P. and Caroline Smith

Sandra and James Smith

Smith Richardson Foundation, Inc.

Sol-REIT

Andrea Steinacker

Mark Steinberg and Dennis Edwards

Kirk Sykes

T. Rowe Price Associates, Inc.

Dwight Taylor

Nicholas Terlonge

Ashley Tyson

Vallit Advisors

Rao V. and Radha Vinnakota

Rajiv Vinnakota and Catherine

J.M. McKenna

Kathy and William Whiting

Natalia Wilson

Sargent Charles Woodard

Brian Woods

Rebecca and Thomas Wynne

Youth For Christ Miami

$500-$999

Sarah Ali

Jennifer Armstrong

Kate Bagli

Ellen and Arden Baker

Bally Sun Sports

Baltimore Community Foundation

The Benevity Community Impact Fund

Ted and Georgie Berkinshaw

Randall Bodner

Jana C. and Richard C. Burch

Shannon and Tuck Burch

Dan Carey and Deanna Forgione

Carson Scholars Fund

Benjamin Carson, Jr.

Charles F. & Margaret M. H.

Obrecht Family Foundation, Inc.

Erika and Michael Cryor

Nancy Cunningham and Tom Stockdale

Susan Cunningham and Philip Eliot

Kevin Dignan

Timothy Doran

Diana and Rick England

Ezra and LaVerne Naughton Charitable Fund

Alexa and Nauder Faraday

Brian Field

Deborah S. Freedman

Donald Goldstein

Cheryl Goldstein

Ann Clary Gordon

Robert Gordon

Jack E. Hairston, Jr.

Stacey and Harry Halpert

Stephen Henderson

Regenia Hicks

Richard J. and Margaret Himelfarb

Hoffberger Family Philanthropies

Senator Paula Hollinger

Alisha and Antoine Huntley

Harriett and David A. Hutzler

Barbara and Boisfeuillet Jones

Karly Katona

Peter Katona

29

Erika and Thomas Kenney

Jackie Kimbrough

Nancy Kingsley

Dawn Kirstaetter

Robert and Susan Kohn

Carol and Martin Kolsky

James P. Lawless

Brad H. and Jodi Lebow

Elizabeth L. and James M. Lewis

Michael K. Marshall

Alicia Matthai

Edward and Gillian Meigs

Huey Merchant

Hopi W. Moodie

Mudd, Harrison & Burch, L.L.P.

Fiona Newton

Clay Oliver and Marci Lief

Irma C. Poretsky

Susan Purnell

Emily Rabbitt

Carolina Ramirez

Charla M. Rath and Charles W. Henstenburg

Craig Rickert

Philip Ringo

Steven Robinson

Stephen and Nancy Rogers

James and Laura Rosenfield

Linda and Harold Rosenson

Ron L. and Olivia Rothstein

Kathleen Stacks

Ruth F. Stalford

Susan Weinstock

Jennifer Wells

Ron Winner

Christy Wise and Robert Axelrod

John Wixted

Laura and Darien Wright

*Donors who are deceased

We put extreme care into ensuring the accuracy of our donor list. If you have any questions or comments about how your generous gift appears here, please contact Alisha Huntley at ahuntley@seedfoundation.com.

30
31

FINANCIALS

32

INDEPENDENT AUDITOR’S REPORT

Board of Directors The SEED Foundation, Inc.

Opinion

We have audited the accompanying consolidated financial statements of The SEED Foundation, Inc. and Subsidiaries (the Foundation), which comprise the consolidated balance sheet as of June 30, 2022, the related consolidated statements of activities and cash flows for the year then ended, and the related notes to the consolidated financial statements (collectively, the financial statements).

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Foundation as of June 30, 2022, and the changes in their net assets and their cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinion

We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Foundation and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Foundation’s ability to continue as a going concern within one year after the date that the financial statements are issued or available to be issued.

Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and, therefore, is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

Washington, D.C.

December 21, 2022

33

CONSOLIDATED BALANCE SHEET

LIABILITIES AND NET ASSETS

Year Ended June 30, 2022 / Comparative Totals 2021 2022 2021
Cash and cash equivalents Investments Receivables, net Prepaid expenses Restricted cash Promises to give, net Property and equipment, net Due from SEED School of Miami Due from SEED School of Los Angeles County
ASSETS
Liabilities: Accounts payable and accrued expenses Refundable advances Loans payable Bonds payable Net Assets: Without donor restrictions Undesignated Board designations With donor restrictions 2022 2021 Without Donor With Donor Total Total Restrictions Restrictions Support and Revenue: Per-pupil allocation Contributions Development & other fees for services Federal entitlements & other federal funds Investment (loss) Income Other Net assests released from restrictions Total Support and Revenue Expenses: Salaries and benefits Supplies and services Depreciation Interest and amortization Total Expenses Change in Net Assets Net Assets: Beginning Ending 11,882,712 1,585,830 7,102,951 481,145 10,776 727,137 55,747,533 3,029,47880,567,562 12,861,485 1,402,972 6,350,539 300,614 10,777 435,920 54,542,822 1,306,910 377,360 77,589,399 2,254,850 24,665 2,025,000 17,720,256 22,024,771 48,649,113 624,281 49,273,394 6,291,234 55,564,628 77,589,399 2,312,359 2,221,456 4,925,000 18,704,540 28,163,355 45,200,651 624,281 45,824,932 6,579,275 52,404,207 80,567,562 28,579,305 2,544,544 613,437 6,550,880 (182,140) 1,077,239 1,302,034 40,485,2991,013,788205(1,302,034) (288,041) 28,579,305 3,558,332 613,437 6,550,880 (181,935) 1,077,23940,197,258 26,958,013 3.286,858 643,988 2,415,352 396,204 2,695,94436,396,359 22,499,917 11,111,758 2,689,249 735,913 37,036,837 3,448,462 45,824,932 49,273,394--(288,041) 6,579,275 6,291,234 22,499,917 11,111,758 2,689,249 735,913 37,036,837 3,160,421 52,404,207 55,564,628 20,863,041 8,293,712 2,447,758 738,021 32,342,532 4,053,827 48,350,380 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 34 CONSOLIDATED STATEMENT OF ACTIVITIES Year Ended June 30, 2022 / Comparative Totals 2021 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

THE SEED FOUNDATION, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CASH FLOWS

Year Ended June 30, 2022 / Comparative Totals 2021

Cash flows from operating activities:

Change in net assets

Adjustments to reconcile change in net assets to net cash provided by operating activities:

Change in allowance for uncollectible pledges

Change in discount on promises to give

Depreciation

Loss on disposal of property and equipment

Amortization of debt issuance costs

Realized and unrealized loss (gain) on investments

Forgiveness of debt

Change in deferred rent

Restricted contributions for endowments

Changes in assets and liabilities:

Increase (decrease) in:

Receivables

Prepaid expenses

Promises to give

Due from SEED School of Miami

Due from SEED School of Los Angeles County

Increase (decrease) in:

Accounts payable and accrued expenses

Refundable advances

Net cash provided by operating activities

Cash flows from investing activities:

Purchase of property and equipment

Purchase and reinvestment of investments

Proceeds from repayment of note recievable

Net cash used in investing activities

Cash flows from financing activities:

payments on loans payable

Proceeds of loans payable Principal payments on bonds payable

Principal payments on capital lease obligation

Restricted contributions for endowments Net cash provided by financing activities

Net increase in cash and cash equivalents and restricted cash

Cash and cash equivalents and restricted cash:

Supplemental disclosure of cash flow information:

payments for interest

Supplemental disclosure of noncash financing activities:

2022 2021
Principal
Beginning Ending
Cash
Foregiveness
of debt
3,160,4218,351 2,689,249 14,751 17,716 420,007752,412 180,531 282,866 22,568 (377,360) (57,509) (2,196,791) 4,917,212 4,053,827 10,714 17,716 2,447,758 7,303 17,716 (288,674) (1,491,600) (100,000) (5,094,411) 40,151 192,806 14,593243,341 (214,365) (143,125) (1,499,289) (237,149) 1,700,000 (36,438) (3,900,000) 1,000,000 (1,002,000)(3,902,000) 978,774 11,893,488 12,872,262 727,562(1,212,782) (94,494) 240,000 (1,067,276) (1,540,000) 1,000,000 (976,000) (2,850) 100,000 (1,418,850) (2,629,251) 14,522,739 11,893,488 720,305 1,492,600 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 35

OUR LEADERS

THE SEED FOUNDATION

BOARD OF DIRECTORS

Lesley D. Poole, CEO

Derek M. Abruzzese, Vice-Chair

Earl Adams, Jr.

Eric S. Adler

Christopher D. Buchbinder, Vice-Chair

Antwain Coward

Melanie Damian, Ex-Officio

Steven K. Fedder

Vasco F. Fernandes

Ann B. Friedman

Elizabeth Galvin

Rebecca Gifford Goldberg

Marc E. Miller

Rosalia Miller

Jamie Moeller

John M. Noel

Desa J. Sealy

Eileen Shields-West, Chair

Rajiv Vinnakota

Daniel A. Winston

Helen A. Colson, Director Emeritus

Virginia W. Newmyer, Chair Emeritus

Donald A. Brown, In Memoriam

John H. Laporte, In Memoriam

Patricia B. Modell, In Memoriam

Harold A. Richman, In Memoriam

THE SEED SCHOOL OF WASHINGTON,

D.C.

BOARD OF TRUSTEES

Brian Rahaman, Head of School

Angelita Abbott-Buckman

Vasco F. Fernandes*

Erikka D. Carter

Robin Chait

Holly Gray

Trameece Jeffries

Henry R. O’Connor

Lesley D. Poole

Desa J. Sealy, Chair

David J. Steinberg

Rajiv Vinnakota

Eric T. Vinson, Jr.

Marc E. Miller, Trustee Emeritus

Donald A. Brown, In Memoriam

THE SEED SCHOOL OF

MARYLAND

BOARD OF TRUSTEES

Kirk Sykes, Head of School

Eric S. Adler

Denise Andrews

Karen Barnes

Monique Booker

Tuck Burch

Antonio Campbell

Stuart A. Cherry

Steven K. Fedder, Chair

Brian Field

Kelly Tubman Hardy*

Laura L. Green

Anthony T. Hawkins

Dawn Kirstaetter

Samuel Lennon, Jr.

Eric Loeb

Joseph F. Martel

Holly McCulloh

Steve McManus

Marc. E. Miller*

Damien Myers

Iesha Nicole Pankey

Lesley D. Poole

Chris Rosenthal

Reginald Lewis Smallwood, III

Bill Whiting

Edward J. Brody, Trustee Emeritus

C. Sylvia Brown, Trustee Emeritus

John H. Claster, Trustee Emeritus

Rajiv Vinnakota, Trustee Emeritus

U.S. Congressman Elijah E. Cummings, In Memoriam

John H. Laporte, In Memoriam

Harry Lebow, In Memoriam

Patricia B. Modell, In Memoriam

THE SEED SCHOOL OF MIAMI

BOARD OF TRUSTEES

Dr. Kara Locke, Head of School

Jason Bloch

Carol S. Cope

Thomas Culmo

Melanie Damian, Chair

Virginia Emmons

Patrick Gannon

Alison Clasby Harke

Stuart G. Israelson

Alise Johnson Henry

Tery J. Medina

Mark J. Smith

Dorothy Terrell

Jon Tucker

THE SEED SCHOOL OF LOS ANGELES COUNTY

BOARD OF DIRECTORS

Isabel Acosta

Sarah Ali*

Sophia Echavarria

Rod Hamilton

Jackie Kimbrough, PhD

Jennifer Price-Letscher

Ruth Stalford, Chair

*Members who are no longer serving on the board

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VISIT

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LEARN

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DONATE

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Scan here to visit us online.

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THE SEED FOUNDATION

1730 Rhode Island Avenue, NW Suite 713 Washington, DC 20036 202.785.4123

www.seedfoundation.com

THE SEED SCHOOL OF WASHINGTON, D.C. 4300 C Street, SE Washington, DC 20019

202.248.7773

www.seedschooldc.org

THE SEED SCHOOL OF MARYLAND 200 Font Hill Avenue Baltimore, MD 21223 410.843.9477

www.seedschoolmd.org

THE SEED SCHOOL OF MIAMI 1901 NW 127th Street Miami, FL 33167 855.818.7333

www.miami.seedschool.org

THE SEED SCHOOL OF LOS ANGELES COUNTY 8400 S. Vermont Avenue Los Angeles, CA 90044 323.843.6700

www.seedschoolla.org

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The SEED Foundation 1730 Rhode Island Avenue, NW | Suite 713 Washington, DC 20036 | 202.785.4123 www.seedfoundation.com
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