City Seed INC EIN 83-0397621 Form 990 (PDF) Claim this org

City Seed INC FY2023 filing

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Nourishes communities by fostering local food systems for economic and sustainable growth. For fiscal year 2023 it reported $994K in revenue, $1.1M in expenses, and $124K in net assets.Pt I

Type
Public charity (501(c)(3)) · Food & Agriculture
Location
New Haven, CT
Website
www.cityseed.org
Filings
5 on file (2021–2023)
Revenue
$994KFY2023
Expenses
$1.1M
Net assets
$124K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-0397621 Public charity (501(c)(3)) New Haven, CT
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$1–10M
What they do
Nourishes communities by fostering local food systems for economic and sustainable growth.
Leadership
Cortney Renton · Executive Director · $73K
Money in and out
$994K revenue, $1.1M expenses
Bottom line
85% program efficiency
Where the money goes · FY2023
Total revenue
$994K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$124K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$85K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.09 Fundraising $0.06
Program efficiency
85%
of spending reaches programs
Operating runway
4.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$994K
FY2023▲ +5%
Expenses
$1.1M
FY2023▲ +22%
Total assets
$481K
FY2023▲ +26%
Total liabilities
$356K
FY2023▲ +108%
Total revenue
$994K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$124K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$85K
Total assetsPt X · Ln 16$481K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCity Seed INC
EINHdr · item D83-0397621
Principal addressHdr · item CNew Haven, CT
WebsiteHdr · item Jwww.cityseed.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K40)
Ruling yearIRS BMFMay 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$73,442Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Sarah Miller’s $53K as Excutive Director is at the 13th percentile of top reported officer pay among 819 $1–10M food & agriculture 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Cortney Renton$73,442$64,924$44,867
Sarah Miller$53,212
Courtney Renton$51,399
Amelia Reese Masterson$22,860

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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Mission & Programs · Part III

Where the work happens

3 program services account for $918K of program spending, described in the organization's own filed words · FY2022.
01

Sanctuary kitchensanctuary kitchen supports refugee and immigrant chefs and food entrepreneurs resettling in new haven while building intercultural understanding in our community. The program hosts a social enterprise that provides professional culinary development and steady employment at a living wage, and culinary workshops open to…

$596Kprogram expense
02

Farmers marketssince launching the city's first farmers market in 2004, we have grown a network of year-round markets that connect over 60 connecticut farmers and producers to 60,000 customers, building inclusivity by accepting all nutrition support benefits and bringing markets to under-resourced neighborhoods.

$176Kprogram expense
03

Cityseed incubatescityseed incubates provides food business incubation services and access to commercial kitchen space. Incubates builds a pipeline for new businesses to enter the food industry; strengthens our local food system by connecting participants to farmers; and removes systemic barriers to food entrepreneurship, including lack…

$146Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$611K · 61%
Program service revenue$383K · 39%
Contributions & grants61%$611K
Program service revenue39%$383K
— government grantsLn 1e$82K
Total revenueLn 12$994K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.09 Fundraising $0.06
Program services85%$918K
Management & general9%$101K
Fundraising6%$60K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$425K
Total assetsLn 16$481K
Total liabilitiesLn 26$356K
Total net assetsLn 32$124K
Months of cash on handcomputed4.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $425K · Operating expenses/yr $1.1M
4.7 months
Where the money goes
Program services
Program services $918K · Total expenses $1.1M
85%
Management & General
Management & general $101K · Total expenses $1.1M
9%
Fundraising
Fundraising $60K · Total expenses $1.1M
6%
Cost to raise $1
Fundraising expense (3-yr avg) $44K · Solicited contributions (3-yr avg) $460K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $611K · Total revenue $994K
61%
Government reliance
Government grants $82K · Total revenue $994K
8%
Earned-income share
Program service revenue $383K · Total revenue $994K
39%
Investment reliance
Investment income $-313 · Total revenue $994K
-0.03%
Program self-sufficiency
Program service revenue $383K · Total expenses $1.1M
36%
Growth & trend
Revenue growth (YoY)
This year $994K · Prior year $945K
+5%
Net-asset trend (YoY)
End of year $124K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $994K · Expenses $1.1M
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $481K
Net-asset ratio
Net assets $124K · Total assets $481K
26%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $481K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cortney Renton · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $73K · Total expenses $1.1M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $728K · Total expenses $1.1M
67%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 9%
Fundraising cost ratio 10%
Revenue growth 5%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2024
See all 13 funders →

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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
FY2025 (Latest)$1.4M revenue · ⤓ 990 PDF
FY2024$1.6M revenue · ⤓ 990 PDF
FY2023$994K revenue · viewing · ⤓ 990 PDF
FY2022$945K revenue · ⤓ 990 PDF
FY2021$740K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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