SEEDS OF EXCELLENCE EARLY LEARNING ACADEMY INC Charity Report

Tax-exempt status may be revoked

SEEDS OF EXCELLENCE EARLY LEARNING ACADEMY INC

EIN 27-1556002 · Preschools (B21)

What they do

SEEDS of EXCELLENCE CHRISTIAN ACADEMY PROVIDES CHRISTIAN TEACHING DEDICATED to NURTURING THE WHOLE CHILD: SPIRIT, MIND, and BODY.

Before you give

Should I give to this charity?

Easy charity check

Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2022The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

132.09%of revenue went to mission work85.1% of expenses · Program services

3.24%of revenue went to fundraising2.1% of expenses

$155.15spent for every $100 of revenueSpending was higher than revenue this year.

19.82%of revenue went to management and office costs12.8% of expenses

$0.11in assets for every $1 spent this yearSome assets cannot be spent right away.

28.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $900,899 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $76,050 for EUGENE WALLACE (CEO & HEAD OF SCHOOL). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2022

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,633,458

Mission workProgram services$2,157,699132.09% of revenue85.1% of expenses

ManagementOffice and general costs$323,77419.82% of revenue12.8% of expenses

FundraisingAsking for donations$52,8843.24% of revenue2.1% of expenses

Total expenses$2,534,357155.15% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2022CurrentExpense mix: 85.1% mission · 12.8% management · 2.1% fundraisingTotal expenses: 155.15% of revenue

2021Expense mix: 87.0% mission · 10.9% management · 2.1% fundraisingTotal expenses: 160.12% of revenue

2020Expense mix: 89.5% mission · 7.9% management · 2.6% fundraisingTotal expenses: 225.70% of revenue

2019Expense mix: 90.9% mission · 6.6% management · 2.5% fundraisingTotal expenses: 122.62% of revenue

Money in and money out

Revenue$1,633,458

Expenses$2,534,357

Annual shortfall $900,899 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,157,699 · 85.1% of expenses

Management and office costs$323,774 · 12.8% of expenses

Fundraising$52,884 · 2.1% of expenses

See all reported dollar amounts

Revenue$1,633,458

Expenses$2,534,357

Assets$270,770

Income$1,633,458

Contributions$464,192

Mission work (program services)$2,157,699

Fundraising$52,884

Management and general$323,774

Accounting fees$590

People

Leadership and board

Tax year 2022

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

EUGENE WALLACECEO & HEAD OF SCHOOL · 50 hrs/week $76,050

PAUL PUZIGTREASURER · 1 hrs/week $46,008Base · Other $46,008

NINA BRONNERPRESIDENT OF BOARD · 1 hrs/week $24,841Base · Other $24,841

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (6)

EUGENE WALLACECEO & HEAD OF SCHOOL

PAUL PUZIGTREASURER

NINA BRONNERPRESIDENT OF BOARD

A STACIE OWENSSECRETARY

ALFRED WATKINSBOARD DIRECTOR

ANGELA HAIRSTONBOARD DIRECTOR

About this charity

Recognized since: January 2020
Location: 7680 THE BLUFFS 700, AUSTELL, GA 30168-7754
County: Cobb
In care of: % NINA BRONNER
Primary officer: EUGENE WALLACE, HEAD OF SCHOOL

How to reach them

WebsiteVisit the charity’s website Emailinfo@seedsofexcellenceca.org Phone(678) 426-5560

Filing and classification

Latest tax year: 2022
Tax period began: January 1, 2022
Return type: 990
Tax preparer: CARR RIGGS & INGRAM LLC
NTEE classification: Preschools (B21)
IRS tax category: Preschools
Revocation date: May 15, 2026