Seed Programs INC EIN 56-2092576

Seed Programs INC FY2022 filing

EIN  56-2092576 Public charity (501(c)(3)) Asheville, NC
Form 990 (PDF)
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Size
$100K–1M
What they do
Equips aid groups with seeds, knowledge, and training to fight global hunger and poverty.
Leadership
Brian Love · Operations D · $33K
Money in and out
$352K revenue, $303K expenses
Bottom line
74% program efficiency

Equips aid groups with seeds, knowledge, and training to fight global hunger and poverty. For fiscal year 2022 it reported $352K in revenue, $303K in expenses, and $343K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$352K
Pt VIII · Ln 12
Total expenses
$303K
Pt IX · Ln 25
Net assets
$343K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $50K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.17 Fundraising $0.09
Program efficiency
74%
of spending reaches programs
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$352K
FY2022▲ +1%
Expenses
$303K
FY2022▼ -15%
Total assets
$344K
FY2022▲ +10%
Total liabilities
$1K
FY2022▼ -45%
Total revenue
$352K
Pt VIII · Ln 12
Total expenses
$303K
Pt IX · Ln 25
Net assets
$343K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$50K
Total assetsPt X · Ln 16$344K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

2 program services account for $515K of program spending, described in the organization's own filed words · FY2022.
01

Spi provided 518,000 packets of vegetable seed to 17 countries during the year. This is enough seed to grow over 18 million fresh vegetable servings containing nutrients that grow healthy minds and bodies, and change the lives of gardeners worldwide.

$291Kprogram expense
02

Spi provided 518,000 packets of vegetable seed to 17 countries during the year. This is enough seed to grow over 18 million fresh vegetable servings containing nutrients that grow healthy minds and bodies, and change the lives of gardeners worldwide.

$224Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSeed Programs INC
EINHdr · item D56-2092576
Principal addressHdr · item CAsheville, NC
WebsiteHdr · item Jseedprograms.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q310)
Ruling yearIRS BMFJan 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Operations D
$33,335Pt VII · Sec A
Exec Directo
$33,335Pt VII · Sec A
Operations D
$33,335Pt VII · Sec A
Exec Directo
$33,335Pt VII · Sec A
CEO Through
$16,090Pt VII · Sec A
CEO Through
$16,090Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Georgia Beasley’s $52K as Program Dire is at the 48th percentile of top reported officer pay among 1637 $100K–1M international 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 · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Georgia Beasley$51,919$49,401
Brian Love$48,258$40,002$33,335
Robyn Love$48,258$40,002$33,335
Peter Marks$23,454
Dane Erickson$20,076
Dani Kehm$16,090

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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Statement of Revenue

Part VIII
Contributions & grants$339K · 96%
Program service revenue$13K · 4%
Contributions & grants96%$339K
Program service revenue4%$13K
Investment income$17
Total revenueLn 12$352K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.17 Fundraising $0.09
Program services96%$291K
Management & general17%$50K
Fundraising9%$29K
Total functional expensesLn 25$303K

Balance Sheet

Part X · end of year
CashLn 1$163K
Total assetsLn 16$344K
Total liabilitiesLn 26$1K
Total net assetsLn 32$343K
Months of cash on handcomputed6.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $163K · Operating expenses (Pt IX) $303K · Less non-cash grants $16K · Cash operating expenses/yr $286K
6.8 months
Where the money goes
Program services
Program services $224K · Total expenses $303K
74%
Management & General
Management & general $50K · Total expenses $303K
17%
Fundraising
Fundraising $29K · Total expenses $303K
9%
Cost to raise $1
Fundraising expense (2-yr avg) $24K · Solicited contributions (2-yr avg) $309K
$0.08 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $339K · Total revenue $352K
96%
Government reliance
Government grants — · Total revenue $352K
Earned-income share
Program service revenue $13K · Total revenue $352K
4%
Investment reliance
Investment income $17 · Total revenue $352K
0%
Program self-sufficiency
Program service revenue $13K · Total expenses $303K
4%
Growth & trend
Revenue growth (YoY)
This year $352K · Prior year $350K
+1%
Net-asset trend (YoY)
End of year $343K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $352K · Expenses $303K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $344K
Net-asset ratio
Net assets $343K · Total assets $344K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $344K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brian Love · Reported title OPERATIONS D · Highest reported compensation $33K · Total expenses $303K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $162K · Total expenses $303K
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 17%
Fundraising cost ratio 8%
Revenue growth 1%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$122K
See all 4 funders →
Grants paid · 12 grants · $106K · 2020–2024
Preserve InternationalTX · FY2024$12,001
Resiliency Gardens ProjectIL · FY2024$10,001
GroweastafricaCA · FY2024$10,000
Select Business Services LLCFY2024$5,498
Preserve InternationalTX · FY2023$7,500
GroweastafricaCA · FY2023$6,500
GroweastafricaCA · FY2022$15,000
GroweastafricaCA · FY2022$9,000
Preserve InternationalTX · FY2022$7,500
Preserve InternationalTX · FY2022$7,500
Unitemized GrantFY2020$8,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$370K revenue · ⤓ 990 PDF
FY2023$338K revenue · ⤓ 990 PDF
FY2022$352K revenue · viewing · ⤓ 990 PDF
FY2021not on file
FY2020$350K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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