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Minnesota · Nonprofit

SEAD PROJECT

SEAD PROJECT (Minnesota) receives grants from 30 organizations whose IRS filings report $1,894,012 to it, the largest being ASIAN AMERICANS ADVANCING JUSTICE - AAJC INC ($258,500). 12 of them have funded it in more than one year.

Revenue FY2025
$245k
Funders on record
30
Grants received
$1.9M
Net assets
$154k
12/30 repeat fundersgrants exceed reported revenue in one year
01What it does

What Sead Project does

Mission

The Sead Project (southeast asian diaspora) is a community organization on a mission to be an accessible creative hub that provides streamlined workshops and tools to engage and share knowledge in khmer, hmong, lao, vietnamese, and other southeast asian diaspora communities.

As stated on its FY2025 Form 990.

Programs

  1. Sea change lab - in the summer of 2024, we hosted our local in-person sea change lab cohort. This was our first return to in-person programming since the pandemic. We had a cohort of 12 young people from the twin cities over 16 sessions. Their vast artistry included skills from sculpture, dance, short stories to visual art including painting and illustration. The program worked with 8 different teaching artists, each bringing a unique perspective to the group. At the end of the session, we celebrated the group with their final project community exhibition and they were matched with a professional mentor from their heritage background.

    $57,994 spent
    24% of program spending
  2. Planting seads - the year 2025 marked 50 years since the end of the vietnam war, the end of the secret war in laos, and the beginning of the khmer rouge takeover in cambodia - all deeply significant turning points of our vast community's stories. In honor of this anniversary, starting in 2025 sead hosted a series of programming to commemorate this landmark occasion and honor the stories, resilience, and cultrual legacies of our community. We started to gather, preserve, and elevate the stories of our community through a multi-leveled project of art and storytelling that included the completion of a mobile art installation and the beginning of our storytelling collections of sea stories. We worked with 5 art installation artists and cultural advisors to design and build the abundance altar, a mobile centerpiece of our 50th programming. The abundance altar was a gathering point for our storytelling collections where community members were invited to contribute photos, mementos, and offerings that honor the people and histories that shaped us. In summer of 2025, we launched our story collections and showcased our mobile altar art installation at various community events including…

    $48,664 spent
    20% of program spending
  3. Sea roots - starting in spring 2025, we partnered with our nine language instructors to begin the development of level ii courses in all four of our languages: hmong, lao, viet, and khmer. The level ii was developed using our level I model following the 8-week structure with more focus on language literacy intensives to deepen language skills in reading and writing while engaging more fully with cultural knowledge, traditions, and community-based learning. The level ii curriculum integrated music, visual art, storytelling and snapshots of topics such as history, social issues, and culture. The new level ii classes will launch in 2026.

    $31,272 spent
    13% of program spending
  4. (4)cultural organizing - in fy25, sead strengthened and increased our partnerships to expand our capacity and collaborations to engage more of our community and share resources. We partnered with local leaders and organizations as part of grassroots coalition and planning committees to ensure that the 50th commemoration honors the voices, lived experiences, and histories of our refugee journeys through events, legislation, funding, and programs. (5)soon storytelling shop and creative services - soon storytelling continued to grow to support our programming and operations with our own unrestricted funds through our online shop and at in-person community events and markets. In fy25, sead expanded our sea queens collection of products that incorporated our vibrant and cultural heritages. We increased our work collaboration with local artists such as videographers, photographers, stylists, models, actors, and media producers to create a marketing campaign that was reflective of our southeast asian stories.

    $100,774 spent
    42% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $238,704.

02The organization over time

The organization over time

Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20192019 Revenue 100 ($203k) Expenses 100 ($135k) Net assets 100 ($77k)2020 Revenue 119 ($242k) Expenses 160 ($215k) Net assets 129 ($99k)2021 Revenue 346 ($702k) Expenses 405 ($545k) Net assets 325 ($249k)2022 Revenue 329 ($668k) Expenses 410 ($553k) Net assets 476 ($365k)2023 Revenue 223 ($453k) Expenses 352 ($473k) Net assets 450 ($345k)2024 Revenue 259 ($526k) Expenses 399 ($538k) Net assets 436 ($334k)2025 Revenue 121 ($245k) Expenses 316 ($425k) Net assets 201 ($154k)
2019202020212022202320242025
Revenue (121)Expenses (316)Net assets (201)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $335k to $155k (−54%).

$85k
$127k
$260k
$374k
$351k
$335k
$155k
2019202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2019 0% · 2021 3% · 2022 0%. Grants only. Government contracts and fees sit inside program revenue.

99% of SEAD PROJECT’s revenue is contributions — more donation-reliant than the typical peer (84% for the typical peer).

This organization
Typical peer · 3,561 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 7 reported years ran a deficit.

$68k
’19
$26k
’20
$157k
’21
$116k
’22
−$20k
’23
−$11k
’24
−$180k
’25
4.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

2019202020212022202320242025
Listed7910117109
Joined·+3+3+5+4+4+2
No longer listed·124813
03Who funds it

Who funds it, year by year

2018 → 2023: the base broadened from 2 funders to 9 funders, grant income rose $44k → $277k.

7 of 30 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 42% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of SEAD PROJECT’s funders (the co-funder graph). Top 29 of 30 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

SEAD PROJECT has a broad base — no single funder exceeds 14% of grant income, and it takes 5 funders to reach half.

the vertical line marks half of all grant income — 5 funders to its left

75% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SEAD PROJECT.

14%
largest funder
36%
top three
~13
effective funders

Largest funder’s share by year: 2018 64% · 2019 71% · 2020 16% · 2021 22% · 2022 26% · 2023 14% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

47% of SEAD PROJECT's funders are still giving 3 years after their first grant; 40% give in more than one year at all.

first grant+1y+2y+3y+4y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

69% of SEAD PROJECT's grant income comes from Minnesota funders.

WA
MN
NY
CA
MO
DC

In-state vs out-of-state, by year

’18
’20
’21
’22
’23
Minnesota out of state home

Funder states come from each funder’s own filing. $800k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

SEAD PROJECT's funding base is broadening — from 2 funders to 9 as grant income climbed.

Operating margin−73% · bottom quartile
Months of reserve4.4mo · below the median
Revenue growth (annualized)3% · below the median

this organization peer median middle 50% of peers· 1,934 public benefit nonprofits $100k–$1M, FY2025

Organizations like SEAD PROJECT

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

56% of spending goes to programs.

Program 56%Management 27%Fundraising 17%

Governance

6
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

91%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MN

Screen this organization

A dated, signed PDF of the compliance screen for SEAD PROJECT: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SEAD PROJECT?
SEAD PROJECT (Minnesota) receives grants from 30 organizations whose IRS filings report $1,894,012 to it, the largest being ASIAN AMERICANS ADVANCING JUSTICE - AAJC INC ($258,500). 12 of them have funded it in more than one year.
How many funders does SEAD PROJECT have?
IRS filings report 30 organizations giving $1,894,012 in grants to SEAD PROJECT, 12 of which have funded it in more than one year.
Who is the largest funder of SEAD PROJECT?
ASIAN AMERICANS ADVANCING JUSTICE - AAJC INC is the largest funder on record, with $258,500 in grants. The full list of funders is on this page.
How can an organization like SEAD PROJECT find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Sead Project →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2019–2025), and the filings of 30 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing