Freedmen Heirs Foundation Inc. is a nonprofit organization with a mission to empower small and mid-sized farmers to build generational wealth by expanding market access, providing technical assistance, and enhancing financial resilience. The organization's vision is a future where small and mid-sized farmers build enduring wealth, leave a powerful legacy for future generations, and play a defining role in shaping the character and future of the U.S. agricultural sector. Freedmen Heirs Foundation creates pathways to economic mobility and generational wealth for small and mid-sized farming families through three core program pillars: FH-MAP, which equips farmers with the knowledge and tools needed to access higher-value markets; FARM, which supports cash flow management, budgeting, recordkeeping, and financial planning to build profitable and sustainable farm businesses; and the Legacy Initiative, which supports farmers in building generational wealth, leaving enduring legacies, and play

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$287K 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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FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $125K a year · 26% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$287K
to officers and key staff · 41% of spending
Concern: pay to officers and key staff is 41% of spending; over 30%.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $110K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 4 voting members
Looks good: 5 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$727K
+57% vs prior year
Spent
$693K
To programs
62%
Net assets
$314K
By yearFY2021–FY2025
Revenue
$727K
FY2025▲ +57%
Tap a bar for its year
Revenue by fiscal year
FY2021$550K
FY2022$199K
FY2023$185K
FY2024$463K
FY2025$727K
Expenses
$693K
FY2025▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2021$5K
FY2022$202K
FY2023Not on file
FY2024$541K
FY2025$693K
Net assets
$314K
FY2025▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2021$545K
FY2022$543K
FY2023$357K
FY2024$279K
FY2025$314K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2020.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $426K Management & general 38% · $266K

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

7 people listed on the 990; $287K paid to officers and key staff.

Part VII, Section A · reportable compensation
$181,565Pt VII · Sec A
Management
$105,297Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Seanicaa Herron’s $182K as CEO is at the 99th percentile of top reported officer pay among 1171 $100K–1M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Seanicaa Herron$181,565$165,050$153,750$137,512
Sharlene Brown$105,297———

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 Freedmen Heirs Foundation 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 15aYes

Programs and updates

Empowering Black Americans for success and growth in agriculture.

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Provided by the organization

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3 programs · $426K · in their own filed words · FY2025
01

FARM (Financial and Revenue Management), which supports farmers in managing cash flow, budgeting, recordkeeping, and financial planning to build profitable and sustainable farm businesses

$196Kprogram expense
02

FH-MAP (Freedmen Heirs Market Access Program), which equips farmers with the knowledge and tools needed to access and succeed in higher-value markets

$168Kprogram expense
03

The Legacy Initiative, which supports farmers in building generational wealth, resolving succession challenges, and securing enduring land legacies for future generations.

$63Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
New Profit INCFY2025$110K
Total grants receivedfrom 1 funder$110K
Grants paid · 2 grants · $65K · 2024–2025
Various - Individually 5kFY2025$11,075
Resources for the Future INCDC · FY2024$54,075

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$727K
Ln 12
Gifts and grantsLn 1h$727K
Investment incomeLn 3$42
Money outPt IX
$693K
Ln 25
Programscol B$426K
Managementcol C$266K
Owns and owesPt X
$314K
net assets · Ln 32
Cash and savingsLn 1–2$309K
Total assetsLn 16$320K
LiabilitiesLn 26$6K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$727K
Investment incomeLn 3$42
Gains on assetsLn 7$0
Total revenueLn 12$727K
Assets in detailPt X, end of year
CashLn 1$264K
SavingsLn 2$45K
Cash and savings togetherLn 1–2$309K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$813
Total assetsLn 16$320K
LiabilitiesLn 26$6K
Net assetsLn 32$314K
OperationsPt I, VI
EmployeesI 56
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 FY25End FY25
Cash and savingsLn 1–2$268K$309K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$279K$320K
LiabilitiesLn 26$0$6K
Net assetsLn 32$279K$314K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$11K$11K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$182K$109K$73K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$305K$279K$26K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$35K$35K
Payroll taxesLn 10$37K$37K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$39K$1K$38K
Advertising and promotionLn 12$252$252
Office expensesLn 13$5K$5K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$7K$7K
TravelLn 17$20K$20K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$35K$5K$29K
All other expensesLn 24e$14K$14K
Total functional expensesLn 25$693K$426K$266K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $727K$693K$34K$314K 990 PDF
FY2024 $463K$541K−$78K$279K 990 PDF
FY2023 $185K$357K 990 PDF
FY2022 $199K$202K−$2K$543K 990 PDF
FY2021 $550K$5K$545K$545K 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 J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $727,399 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $463,022$727,357
I-9 Program service revenue$0
I-10 Investment incomePrior year $66$42
I-11 Other revenue$0
I-12 Total revenuePrior year $463,088$727,399
I-13 Grants and similar amounts paidPrior year $54,075$11,075
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $367,343$558,667
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $119,464$123,175
I-18 Total expensesPrior year $540,882$692,917
I-19 Revenue less expensesPrior year −$77,794$34,482
Part VI · Governance 5 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members5
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $727,399 across 8 lines filed
VIII-1f All other contributions, gifts and grants$727,357
VIII-1h Total contributions, gifts and grants$727,357
VIII-3 Investment incomeRelated to mission $42$42
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $42$727,399
Part IX · Statement of functional expenses $692,917 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $11,075$11,075
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $108,939 · Management $72,626$181,565
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $279,149 · Management $26,325$305,474
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsManagement $34,823$34,823
IX-10 Payroll taxesManagement $36,805$36,805
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $1,300 · Management $37,643$38,943
IX-12 Advertising and promotionManagement $252$252
IX-13 Office expensesManagement $4,980$4,980
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $6,685$6,685
IX-17 TravelPrograms $20,499$20,499
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $1,023$1,023
IX-23 InsuranceManagement $2,101$2,101
IX-24 Other expenses (24a–d)Programs $5,480 · Management $29,444$34,924
IX-24e All other expensesManagement $13,768$13,768
IX-25 Total functional expensesPrograms $426,442 · Management $266,475 · Fundraising $0$692,917
Part X · Balance sheet $319,732 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $114,245$264,111
X-2 Savings and temporary cash investmentsStart of year $153,537$44,579
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $11,252$10,229
X-15 Other assets$813
X-16 Total assetsStart of year $279,034$319,732
X-25 Other liabilities$6,216
X-26 Total liabilitiesStart of year $0$6,216
X-27 Net assets without donor restrictionsStart of year $279,034$313,516
X-32 Total net assets or fund balancesStart of year $279,034$313,516
X-33 Total liabilities and net assetsStart of year $279,034$319,732
Part XI · Reconciliation of net assets $313,516 net assets at year end
XI-1 Total revenue$727,399
XI-2 Total expenses$692,917
XI-3 Revenue less expenses$34,482
XI-4 Net assets at start of year$279,034
XI-10 Net assets at end of year$313,516

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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