Seedleaf INC FY2023 filing

Tax-deductible

Lexington, KY501(c)(3)Community DevelopmentEIN 45-0582109

Seedleaf, Inc. educates and inspires adults and youth to participate in food production. We aim to provide access to healthy, fresh food for all in Lexington, particularly those that reside in neighborhoods with high risk of food insecurity

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
5 of 5
filings with a surplus
Average surplus $32K a year · 11% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$352K
+9% vs prior year
Spent
$352K
To programs
72%
Net assets
$180K
By yearFY2020–FY2024
Revenue
$352K
FY2023▲ +9%
Revenue by fiscal year
FY2020$215K
FY2021$200K
FY2022$322K
FY2023$352K
FY2024$392K
Expenses
$352K
FY2023▲ +41%
Expenses by fiscal year
FY2020$144K
FY2021$186K
FY2022$250K
FY2023$352K
FY2024$392K
Net assets
$180K
FY2023+0.4%
Net assets by fiscal year
FY2020$93K
FY2021$107K
FY2022$179K
FY2023$180K
FY2024$180K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 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 Jan 2009.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $253K Management & general 28% · $98K Fundraising 0% · $500

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Christine Smith’s $65K as Executive Director is at the 42nd percentile of top reported officer pay among 1708 $100K–1M community development 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

NameFY2024FY2022FY2021FY2020
Christine Smith$65,000$48,840$44,400$44,400

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.

See Seedleaf INC executive salaries →

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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

Teaches and inspires people of all ages to grow food, improving access to healthy meals.

Provided by the organization

This section is blank until Seedleaf INC claims this page.

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3 program services account for $253K of program spending, described in the organization's own filed words · FY2023.
01

Gardens

Seedleaf maintained 13 community gardens in 2022, including a 2 acre urban farm situated in the communities of Northeast Lexington.

$190Kprogram expense
02

Market Gardener Program

The Market Gardener Program is a year-long process of guiding participants through basic horticultural practices, food safety, and general business planning. Participants are paid a small stipend to support their participation in the program. They are given sections of land at the urban farm for their operations.

$58Kprogram expense
03

SEEDS is a youth program that targets 5th-8th grade students living in areas of Lexington identified as food deserts. In an attempt to connect these youth with healthy, fresh food, participants will be involved in all aspects of growing food in an urban setting. They will also learn about entrepreneurship as they sell their produce.

$5Kprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$352K
Ln 12
Gifts and grantsLn 1h$345K
Fees for servicesLn 2g$5K
Investment incomeLn 3$2K
Money outPt IX
$352K
Ln 25
Programscol B$253K
Managementcol C$98K
Fundraisingcol D$500
Owns and owesPt X
$180K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$180K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$345K
Fees for servicesLn 2g$5K
Investment incomeLn 3$2K
Other incomeLn 4–11$358
Gains on assetsLn 7$2K
Total revenueLn 12$352K
Assets in detailPt X, end of year
CashLn 1$80K
Cash and savings togetherLn 1–2$80K
Land, buildings, equipmentLn 10c$84K
Total assetsLn 16$180K
LiabilitiesLn 26$0
Net assetsLn 32$180K
OperationsPt I, VI
EmployeesI 54
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$113K$80K
Land, buildings, equipmentLn 10c$64K$84K
Total assetsLn 16$179K$180K
LiabilitiesLn 26$0$0
Net assetsLn 32$179K$180K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$45K$15K$0
Other salaries and wagesLn 7$98K$98K$0$0
Other employee benefitsLn 9$14K$0$14K$0
Payroll taxesLn 10$12K$0$12K$0
Legal feesLn 11b$1K$0$1K$0
Accounting feesLn 11c$5K$0$5K$0
Advertising and promotionLn 12$15K$0$15K$0
Office expensesLn 13$4K$0$4K$0
Information technologyLn 14$3K$0$3K$0
OccupancyLn 16$8K$0$8K$0
Depreciation, depletion and amortizationLn 22$5K$5K$0$0
InsuranceLn 23$8K$0$8K$0
Other expenses (24a–d)Ln 24$41K$33K$7K$0
All other expensesLn 24e$78K$71K$6K$500
Total functional expensesLn 25$352K$253K$98K$500

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $392K$392K$226$180K 990 PDF
FY2023 Viewing $352K$352K$681$180K 990 PDF
FY2022 $322K$250K$72K$179K 990 PDF
FY2021 $200K$186K$14K$107K 990 PDF
FY2020 $215K$144K$71K$93K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $352,465 across 6 lines filed
Lines not itemized here account for −$637 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$344,641
VIII-1h Total contributions, gifts and grants$344,641
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$5,466
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,000 · Unrelated business $0 · Excluded from tax $0$2,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $995 · Unrelated business $0 · Excluded from tax $0$995
VIII-12 Total revenueRelated to mission $7,824 · Unrelated business $0 · Excluded from tax $0$352,465
Part IX · Statement of functional expenses $351,784 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $45,000 · Management $15,000 · Fundraising $0$60,000
IX-7 Other salaries and wagesPrograms $98,337 · Management $0 · Fundraising $0$98,337
IX-9 Other employee benefitsPrograms $0 · Management $14,196 · Fundraising $0$14,196
IX-10 Payroll taxesPrograms $0 · Management $12,113 · Fundraising $0$12,113
IX-11b Legal feesPrograms $0 · Management $1,400 · Fundraising $0$1,400
IX-11c Accounting feesPrograms $0 · Management $5,413 · Fundraising $0$5,413
IX-12 Advertising and promotionPrograms $0 · Management $14,741 · Fundraising $0$14,741
IX-13 Office expensesPrograms $0 · Management $3,524 · Fundraising $0$3,524
IX-14 Information technologyPrograms $0 · Management $2,786 · Fundraising $0$2,786
IX-16 OccupancyPrograms $0 · Management $8,222 · Fundraising $0$8,222
IX-22 Depreciation, depletion and amortizationPrograms $5,030 · Management $0 · Fundraising $0$5,030
IX-23 InsurancePrograms $0 · Management $7,892 · Fundraising $0$7,892
IX-24 Other expenses (24a–d)Programs $33,131 · Management $7,475 · Fundraising $0$40,606
IX-24e All other expensesPrograms $71,431 · Management $5,593 · Fundraising $500$77,524
IX-25 Total functional expensesPrograms $252,929 · Management $98,355 · Fundraising $500$351,784
Part X · Balance sheet $179,595 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $113,204$80,280
X-4 Accounts receivableStart of year $1,902$15,556
X-10c Land, buildings and equipment, netStart of year $63,808$83,759
X-16 Total assetsStart of year $178,914$179,595
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $178,914$179,595
X-32 Total net assets or fund balancesStart of year $178,914$179,595
X-33 Total liabilities and net assetsStart of year $178,914$179,595
Part XI · Reconciliation of net assets $179,595 net assets at year end
XI-1 Total revenue$352,465
XI-2 Total expenses$351,784
XI-3 Revenue less expenses$681
XI-4 Net assets at start of year$178,914
XI-10 Net assets at end of year$179,595

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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