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Community Seeds FY2022 filing

Tax-deductible

Point, TX501(c)(3)Foundations & GrantmakersEIN 26-4734541Revenue $326K in FY2022

On file with the IRSPo Box 335, 75472-0335 · Point, TXTax-exempt since Feb 2010Publicly supported charity — 170(b)(1)(A)(vi)

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To operate as a clearing house for area churches and organizations to serve the economically disadvantaged people of our area with emergency assistance and programs to empower and encourage them to become self-sufficient

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
$58K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $2K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$58K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$326K
+94% vs prior year
Spent
$333K
To programs
55%
Net assets
$908K
By yearFY2020–FY2024
Revenue
$326K
FY2022▲ +94%
Tap a bar for its year
Revenue by fiscal year
FY2020$280K
FY2021$168K
FY2022$326K
FY2023$362K
FY2024$367K
Expenses
$333K
FY2022▲ +39%
Tap a bar for its year
Expenses by fiscal year
FY2020$242K
FY2021$240K
FY2022$333K
FY2023$253K
FY2024$427K
Net assets
$908K
FY2022▼ -0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020$987K
FY2021$916K
FY2022$908K
FY2023$1.0M
FY2024$958K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $182K Management & general 25% · $82K Fundraising 21% · $69K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $58K paid to officers and key staff.

Part VII, Section A · reportable compensation
$57,500Pt VII · Sec A
Sam Calk
Director
$0Pt VII · Sec A
Ken Pearson
Chariman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Bertram Cooper’s $58K as Director is at the 54th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2020
Bertram Cooper$57,500$57,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects local churches and groups to provide emergency aid and empowerment programs for the needy.

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Provided by the organization

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1 program · $182K · in their own filed words · FY2022
01

Community seeds has helped over 10,000 individuals in hunt and rains counties as well as the surrounding area by offering help with utilities, housing, food, clothing, educanot, health classes, welding classes, access to the incubator kitchen as well as providing transitional housing for the homeless.

$182Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Farmers Electric Charitable FoundationFY2024$8K
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$326K
Ln 12
Gifts and grantsLn 1h$221K
Fees for servicesLn 2g$78K
Other incomeLn 4–11$26K
Money outPt IX
$333K
Ln 25
Programscol B$182K
Managementcol C$82K
Fundraisingcol D$69K
Owns and owesPt X
$908K
net assets · Ln 32
Cash and savingsLn 1–2$145K
Total assetsLn 16$910K
LiabilitiesLn 26$2K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$221K
Fees for servicesLn 2g$78K
Investment incomeLn 3$59
Other incomeLn 4–11$26K
Total revenueLn 12$326K
Assets in detailPt X, end of year
CashLn 1$90K
SavingsLn 2$55K
Cash and savings togetherLn 1–2$145K
Land, buildings, equipmentLn 10c$765K
Total assetsLn 16$910K
LiabilitiesLn 26$2K
Net assetsLn 32$908K
OperationsPt I, VI
EmployeesI 53
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$152K$145K
Land, buildings, equipmentLn 10c$765K$765K
Total assetsLn 16$916K$910K
LiabilitiesLn 26$584$2K
Net assetsLn 32$916K$908K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$82K$53K$14K$14K
Other employee benefitsLn 9$11K$11K
Payroll taxesLn 10$6K$3K$2K$2K
Accounting feesLn 11c$3K$934$908$908
Advertising and promotionLn 12$160$80$80
Office expensesLn 13$5K$2K$2K$2K
Information technologyLn 14$1K$612$612
OccupancyLn 16$27K$13K$13K$1K
TravelLn 17$639$639
InsuranceLn 23$75K$37K$37K
Other expenses (24a–d)Ln 24$109K$60K$49K
All other expensesLn 24e$14K$12K$1K
Total functional expensesLn 25$333K$182K$82K$69K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $367K$427K−$60K$958K 990 PDF
FY2023 $362K$253K$109K$1.0M 990 PDF
FY2022 Viewing $326K$333K−$7K$908K 990 PDF
FY2021 $168K$240K−$72K$916K 990 PDF
FY2020 $280K$242K$38K$987K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $325,524 revenue, 12 lines filed
I-8 Contributions and grants$221,443
I-9 Program service revenue$78,352
I-10 Investment income$59
I-11 Other revenue$25,670
I-12 Total revenue$325,524
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$98,374
I-16a Professional fundraising fees$0
I-17 Other expenses$234,536
I-18 Total expenses$332,910
I-19 Revenue less expenses−$7,386
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $325,524 across 6 lines filed
VIII-1a Federated campaigns$221,443
VIII-1h Total contributions, gifts and grants$221,443
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $78,352$78,352
VIII-3 Investment incomeRelated to mission $59$59
VIII-8 Net income from fundraising events$25,670
VIII-12 Total revenueRelated to mission $59 · Excluded from tax $78,352$325,524
Part IX · Statement of functional expenses $332,910 across 12 lines filed
IX-7 Other salaries and wagesPrograms $52,849 · Management $14,375 · Fundraising $14,375$81,599
IX-9 Other employee benefitsManagement $10,533$10,533
IX-10 Payroll taxesPrograms $3,120 · Management $1,561 · Fundraising $1,561$6,242
IX-11c Accounting feesPrograms $934 · Management $908 · Fundraising $908$2,750
IX-12 Advertising and promotionPrograms $80 · Fundraising $80$160
IX-13 Office expensesPrograms $1,733 · Management $1,902 · Fundraising $1,782$5,417
IX-14 Information technologyPrograms $612 · Management $612$1,224
IX-16 OccupancyPrograms $12,542 · Management $13,297 · Fundraising $1,191$27,030
IX-17 TravelFundraising $639$639
IX-23 InsurancePrograms $37,491 · Management $37,492$74,983
IX-24 Other expenses (24a–d)Programs $59,863 · Fundraising $48,960$108,823
IX-24e All other expensesPrograms $12,310 · Management $1,200$13,510
IX-25 Total functional expensesPrograms $181,534 · Management $81,880 · Fundraising $69,496$332,910
Part X · Balance sheet $909,865 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $116,018$90,135
X-2 Savings and temporary cash investmentsStart of year $35,569$55,065
X-10c Land, buildings and equipment, netStart of year $764,665$764,665
X-16 Total assetsStart of year $916,252$909,865
X-17 Accounts payable and accrued expensesStart of year $584$1,583
X-26 Total liabilitiesStart of year $584$1,583
X-27 Net assets without donor restrictionsStart of year $341,404$334,019
X-28 Net assets with donor restrictionsStart of year $574,264$574,263
X-32 Total net assets or fund balancesStart of year $915,668$908,282
X-33 Total liabilities and net assetsStart of year $916,252$909,865
Part XI · Reconciliation of net assets $908,282 net assets at year end
XI-1 Total revenue$325,524
XI-2 Total expenses$332,910
XI-3 Revenue less expenses−$7,386
XI-4 Net assets at start of year$915,668
XI-10 Net assets at end of year$908,282

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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