Feed & Seed INC FY2022 filing

Tax-deductible

Greenville, SC501(c)(3)EducationEIN 47-1146394Revenue $595K in FY2022

On file with the IRSfeedandseedsc.comPo Box 3005, 29602-3005 · Greenville, SCTax-exempt since Jan 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Through its facilities, networks, and programs, we strive to improve the health and well-being of all citizens by increasing access to healthy foods; build a more environmentally sustainable food system; and stimulate econ growth by harnessing the power of food, farms, community

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
3 of 5
filings with a surplus
Average surplus $92K a year · 14% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $40K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$595K
-7% vs prior year
Spent
$794K
To programs
84%
Net assets
$857K
By yearFY2020–FY2024
Revenue
$595K
FY2022▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$651K
FY2021$642K
FY2022$595K
FY2023$771K
FY2024$600K
Expenses
$794K
FY2022▲ +137%
Tap a bar for its year
Expenses by fiscal year
FY2020$207K
FY2021$335K
FY2022$794K
FY2023$751K
FY2024$714K
Net assets
$857K
FY2022▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$748K
FY2021$1.1M
FY2022$857K
FY2023$878K
FY2024$764K

From the FY2022 Form 990 · see the original

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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 Jan 2016.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $664K Management & general 16% · $126K Fundraising 0% · $4K

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

3 people listed on the 990.

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

Improves health and food access, builds sustainable food systems, and stimulates economic growth through food and farms.

Questions for Feed & Seed INC

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Provided by the organization

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1 program · $664K · in their own filed words · FY2022
01

Activities and Tangible Works Have Included

Development and launch of website and social media for communicating to the public and partnerships. Creation of documents conveying action areas and advocacies in our primary focuses of farm, food and community development, articulating environmental, economic and social impacts.

$664Kprogram 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 · FY2025
Total grants receivedfrom 2 funders$40K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$595K
Ln 12
Gifts and grantsLn 1h$613K
Fees for servicesLn 2g$240K
Investment incomeLn 3$43
Money outPt IX
$794K
Ln 25
Programscol B$664K
Managementcol C$126K
Fundraisingcol D$4K
Owns and owesPt X
$857K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$2.6M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$613K
Fees for servicesLn 2g$240K
Investment incomeLn 3$43
Total revenueLn 12$595K
Assets in detailPt X, end of year
CashLn 1$67K
Cash and savings togetherLn 1–2$67K
Land, buildings, equipmentLn 10c$940K
Total assetsLn 16$2.6M
LiabilitiesLn 26$1.7M
Net assetsLn 32$857K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$218K$67K
Land, buildings, equipmentLn 10c$751K$940K
Total assetsLn 16$1.1M$2.6M
LiabilitiesLn 26$16K$1.7M
Net assetsLn 32$1.1M$857K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$291K$257K$35K
Management feesLn 11a$173K$130K$42K$707
Accounting feesLn 11c$3K$3K
Office expensesLn 13$13K$13K
Information technologyLn 14$28K$19K$7K$3K
OccupancyLn 16$204K$184K$20K
Depreciation, depletion and amortizationLn 22$68K$68K$510
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$4K$3K$657
All other expensesLn 24e$5K$4K$715$511
Total functional expensesLn 25$794K$664K$126K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $600K$714K−$114K$764K 990 PDF
FY2023 $771K$751K$21K$878K 990 PDF
FY2022 Viewing $595K$794K−$198K$857K 990 PDF
FY2021 $642K$335K$307K$1.1M 990 PDF
FY2020 $651K$207K$444K$748K 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 FY2022 990 (6 parts)
Part I · Summary $595,488 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $691,829$612,743
I-9 Program service revenuePrior year $47,914$240,298
I-10 Investment incomePrior year $80$43
I-11 Other revenuePrior year −$97,745−$257,596
I-12 Total revenuePrior year $642,078$595,488
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $55,772$291,248
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $278,925$502,383
I-18 Total expensesPrior year $334,697$793,631
I-19 Revenue less expensesPrior year $307,381−$198,143
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $595,488 across 5 lines filed
Lines not itemized here account for −$257,596 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$612,743
VIII-1h Total contributions, gifts and grants$612,743
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $240,298$240,298
VIII-3 Investment incomeRelated to mission $43$43
VIII-12 Total revenueRelated to mission −$17,255 · Unrelated business $0 · Excluded from tax $0$595,488
Part IX · Statement of functional expenses $793,631 across 10 lines filed
IX-7 Other salaries and wagesPrograms $256,699 · Management $34,549$291,248
IX-11a Management feesPrograms $129,539 · Management $42,359 · Fundraising $707$172,605
IX-11c Accounting feesManagement $3,280$3,280
IX-13 Office expensesManagement $13,046$13,046
IX-14 Information technologyPrograms $18,791 · Management $7,097 · Fundraising $2,598$28,486
IX-16 OccupancyPrograms $183,512 · Management $20,390$203,902
IX-22 Depreciation, depletion and amortizationPrograms $67,913 · Management $510$68,423
IX-23 InsuranceManagement $3,290$3,290
IX-24 Other expenses (24a–d)Programs $3,434 · Management $657$4,091
IX-24e All other expensesPrograms $4,034 · Management $715 · Fundraising $511$5,260
IX-25 Total functional expensesPrograms $663,922 · Management $125,893 · Fundraising $3,816$793,631
Part X · Balance sheet $2,604,756 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $218,327$66,676
X-4 Accounts receivableStart of year $44,766$23,575
X-8 Inventories for sale or useStart of year $5,067$20,027
X-9 Prepaid expenses and deferred chargesStart of year $52,799$77,912
X-10c Land, buildings and equipment, netStart of year $750,584$939,805
X-14 Intangible assets$1,476,761
X-16 Total assetsStart of year $1,071,543$2,604,756
X-17 Accounts payable and accrued expensesStart of year $15,949$15,527
X-25 Other liabilities$1,731,778
X-26 Total liabilitiesStart of year $15,949$1,747,305
X-27 Net assets without donor restrictionsStart of year $1,055,594$70,000
X-28 Net assets with donor restrictions$787,451
X-32 Total net assets or fund balancesStart of year $1,055,594$857,451
X-33 Total liabilities and net assetsStart of year $1,071,543$2,604,756
Part XI · Reconciliation of net assets $857,451 net assets at year end
XI-1 Total revenue$595,488
XI-2 Total expenses$793,631
XI-3 Revenue less expenses−$198,143
XI-4 Net assets at start of year$1,055,594
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$857,451

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

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