Civic Intelligence

Apple Seeds Inc

990 • Fiscal year 2020 • EIN 20-8081842

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 21, 2021

PO Box 4151Fayetteville, AR 72702

(479) 587-0888

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.24x

Higher debt load relative to assets than 72% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

0.42x

Higher debt load relative to revenue than 81% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

70th percentile

20%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

67th percentile

18%

Faster asset growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

37th percentile

-11%

Faster revenue growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$762,456

Up $118,722 (+18%) from 2019

Net Assets

Up

$582,144

Up $83,360 (+17%) from 2019

Liabilities

Up

$180,312

Up $35,362 (+24%) from 2019

Revenue

Down

$424,765

Down $51,332 (-11%) from 2019

Expenses

Down

$341,405

Down $29,576 (-8.0%) from 2019

Net Income

Down

$83,360

Down $21,756 (-21%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2014: $44,068Liabilities 2014: $02014Assets 2015: $75,054Liabilities 2015: $0Net Assets 2015: $75,0542015Assets 2016: $94,286Liabilities 2016: $0Net Assets 2016: $94,2862016Assets 2017: $110,569Liabilities 2017: $0Net Assets 2017: $110,5692017Assets 2018: $542,147Liabilities 2018: $148,479Net Assets 2018: $393,6682018Assets 2019: $643,734Liabilities 2019: $144,950Net Assets 2019: $498,7842019Assets 2020: $762,456Liabilities 2020: $180,312Net Assets 2020: $582,1442020Assets 2021: $962,072Liabilities 2021: $125,746Net Assets 2021: $836,3262021Assets 2022: $1,031,156Liabilities 2022: $168,107Net Assets 2022: $863,0492022Assets 2023: $1,291,773Liabilities 2023: $174,591Net Assets 2023: $1,117,1822023Assets 2024: $1,503,954Liabilities 2024: $239,159Net Assets 2024: $1,264,7952024

Highlighted filing

2020

Assets$762,456
Liabilities$180,312
Net Assets$582,144

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0Revenue 2014: $96,229Expenses 2014: $76,708Net Income 2014: $19,5212014Revenue 2015: $203,402Expenses 2015: $172,416Net Income 2015: $30,9862015Revenue 2016: $203,411Expenses 2016: $184,179Net Income 2016: $19,2322016Revenue 2017: $322,808Expenses 2017: $306,525Net Income 2017: $16,2832017Revenue 2018: $682,537Expenses 2018: $399,438Net Income 2018: $283,0992018Revenue 2019: $476,097Expenses 2019: $370,981Net Income 2019: $105,1162019Revenue 2020: $424,765Expenses 2020: $341,405Net Income 2020: $83,3602020Revenue 2021: $640,693Expenses 2021: $386,511Net Income 2021: $254,1822021Revenue 2022: $524,070Expenses 2022: $497,347Net Income 2022: $26,7232022Revenue 2023: $920,950Expenses 2023: $666,817Net Income 2023: $254,1332023Revenue 2024: $1,083,311Expenses 2024: $935,586Net Income 2024: $147,7252024

Highlighted filing

2020

Revenue$424,765
Expenses$341,405
Net Income$83,360
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 21, 2021
Return Version
2020v4.0
Gross Receipts
$432,784
Mission and Program Overview

Mission

Inspiring healthy living through garden based education

Inspiring healthy living through garden based education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$361,378$361,302▼ $76
Cash and Non-Interest-Bearing Accounts$218,630$308,631▲ $90,001
Savings and Temporary Cash Investments$50,000$50,651▲ $651
Pledges and Grants Receivable$10,000$23,000▲ $13,000
Prepaid Expenses and Deferred Charges$3,726$444▼ $3,282
Total Assets$643,734$762,456▲ $118,722
Other Assets Total-$18,428-
Liabilities
Mortgage Notes Payable Secured by Investment Property$137,937$131,917▼ $6,020
Unsecured Notes Loans Payable-$44,600-
Other Liabilities$4,503--
Accounts Payable and Accrued Expenses$1,289$3,795▲ $2,506
Deferred Revenue$1,221--
Total Liabilities$144,950$180,312▲ $35,362
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$428,430$526,189▲ $97,759
Net Assets With Donor Restrictions$70,354$55,955▼ $14,399
Total Net Assets Fund Balance$498,784$582,144▲ $83,360
Total Liabilities and Net Assets / Fund Balance$643,734$762,456▲ $118,722

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$265,703$38,263$303,966
Land$41,532-$41,532
Equipment$25,394$11,818$37,212
Leasehold Improvements$22,756$14,453$37,209
Other Land Buildings$5,917$2,583$8,500
Compensation and Service Providers

Board Members and Trustees

NameTitle
Logan WebsterChair
Christena DevlinDirector
Kyra RamseyDirector
Mac CampbelDirector
Sarah JohnsonDirector
Grant WilsonAssistance T
Michele SenlikciSecretary
Chris NelsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$330,943
Program Service Revenue
$64,521
Investment Income
$651
Other Revenue
$28,650
All Other Contributions
$330,943
Change in Net Assets
$83,360

Audited Revenue Reconciliation

Revenue per Audited Statements
$424,765
Revenue Not Reported on Form 990
$8,019
Total Revenue per Audited Statements
$432,784
Total Revenue per Form 990
$424,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$219,389
Other Expenses$122,016
Total Fundraising Expense$47,209
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$153,379$22,438$27,981$203,798
Depreciation Depletion$15,883$2,240$2,240$20,363
Payroll Taxes$11,733$1,717$2,141$15,591
Insurance$5,650$1,523$892$8,065
Fees for Services Other-$7,349-$7,349
Occupancy$4,636$530$1,546$6,712
All Other Expenses$4,121$1,980$490$6,591
Interest$4,545$717$717$5,979
Information Technology$4,207$615$767$5,589
Other Expenses$1,498$496$1,310$2,808
Advertising$2,055$189$11$2,255
Office Expenses$1,121$164$205$1,490
Travel$888$225-$1,113
Total Functional Expenses$249,261$44,935$47,209$341,405

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$349,424
Expenses per Audited Statements$341,405
Total Expenses per Form 990$341,405
Expenses Not Reported on Form 990$8,019
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,053
Fundraising Direct Expenses$8,019
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$32,053$32,053$8,019$24,034
Total Events$32,053$32,053$8,019$24,034
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

They are made avaialable upon request on an individual basis.

Filing and Contact Details

Filer

Filer Name
Apple Seeds Inc
EIN
20-8081842
Phone
4795870888
Address
PO BOX 4151, FAYETTEVILLE, AR 72702

Signing Officer

Name
Mary Thompson
Title
Executive Director
Phone
4795870888
Signed
2021-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michele Senlikci
Formed
2007
Legal Domicile
Ar
Voting Board Members
8
Independent Board Members
8
Employees
5

Preparer

Firm
Przybysz & Associates Cpas Pc
Address
4200 JENNY LIND RD STE B, FORT SMITH, AR 72901
Preparer
Marc Lux CPA
Phone
4796490888
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Direct fundraising expense 8,019 direct fundraising expenses -8,019

Financial Statement Notes

Schedule D, Page 3, Part X

Generally accepted accounting principles require tax effects from an uncertain tax position to be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. If an uncertain tax position meets the more-likely-than-not threshold, the largest amount of tax benefit that is greater than 50% likely to be recognized upon ultimate settlement with the taxing authority is recorded. The organization's primary tax positions relate to its status as a not-for-profit entity exempt from income taxes and classification of activities related to its exempt purpose. The organization has analyzed its tax positions taken for filings with the internal revenue service. It believes that its filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on its financial condition, results of operations, or cash flows.

Schedule D, Page 4, Part XI, Line 2D

Direct fundraising expense 8,019

Schedule D, Page 4, Part XII, Line 2D

Direct fundraising expenses 8,019

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. IF AN UNCERTAIN TAX POSITION MEETS THE MORE-LIKELY-THAN-NOT THRESHOLD, THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY TO BE RECOGNIZED UPON ULTIMATE SETTLEMENT WITH THE TAXING AUTHORITY IS RECORDED. THE ORGANIZATION'S PRIMARY TAX POSITIONS RELATE TO ITS STATUS AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES AND CLASSIFICATION OF ACTIVITIES RELATED TO ITS EXEMPT PURPOSE. THE ORGANIZATION HAS ANALYZED ITS TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE. IT BELIEVES THAT ITS FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON ITS FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS.
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THEY ARE MADE AVAIALABLE UPON REQUEST ON AN INDIVIDUAL BASIS.
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