Civic Intelligence

Feed & Seed Co

990 • Fiscal year 2023 • EIN 47-1146394

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

PO Box 3005Greenville, SC 29602

(864) 979-9485

Siviq Scores

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

Liabilities / Assets

88th percentile

0.66x

Higher debt load relative to assets than 88% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

2.23x

Higher debt load relative to revenue than 93% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

47th percentile

2.7%

Higher net margin than 47% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

35th percentile

-0.2%

Faster asset growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

30%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,599,026

Down $5,730 (-0.2%) from 2022

Net Assets

Up

$878,141

Up $20,690 (+2.4%) from 2022

Liabilities

Down

$1,720,885

Down $26,420 (-1.5%) from 2022

Revenue

Up

$771,400

Up $175,912 (+30%) from 2022

Expenses

Down

$750,710

Down $42,921 (-5.4%) from 2022

Net Income

Up

$20,690

Up $218,833 (+110%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $50,972Liabilities 2016: $2,200Net Assets 2016: $48,7722016Assets 2017: $457,597Liabilities 2017: $200,000Net Assets 2017: $257,5972017Assets 2018: $556,703Liabilities 2018: $200,305Net Assets 2018: $356,3982018Assets 2019: $613,756Liabilities 2019: $309,783Net Assets 2019: $303,9732019Assets 2020: $952,601Liabilities 2020: $204,404Net Assets 2020: $748,1972020Assets 2021: $1,071,543Liabilities 2021: $15,949Net Assets 2021: $1,055,5942021Assets 2022: $2,604,756Liabilities 2022: $1,747,305Net Assets 2022: $857,4512022Assets 2023: $2,599,026Liabilities 2023: $1,720,885Net Assets 2023: $878,1412023Assets 2024: $2,334,642Liabilities 2024: $1,570,927Net Assets 2024: $763,7152024

Highlighted filing

2023

Assets$2,599,026
Liabilities$1,720,885
Net Assets$878,141

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $105,674Expenses 2016: $56,902Net Income 2016: $48,7722016Revenue 2017: $303,263Expenses 2017: $94,438Net Income 2017: $208,8252017Revenue 2018: $160,310Expenses 2018: $61,509Net Income 2018: $98,8012018Revenue 2019: $29,421Expenses 2019: $81,846Net Income 2019: -$52,4252019Revenue 2020: $651,461Expenses 2020: $207,237Net Income 2020: $444,2242020Revenue 2021: $642,078Expenses 2021: $334,697Net Income 2021: $307,3812021Revenue 2022: $595,488Expenses 2022: $793,631Net Income 2022: -$198,1432022Revenue 2023: $771,400Expenses 2023: $750,710Net Income 2023: $20,6902023Revenue 2024: $599,669Expenses 2024: $714,095Net Income 2024: -$114,4262024

Highlighted filing

2023

Revenue$771,400
Expenses$750,710
Net Income$20,690
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.0
Gross Receipts
$1,797,436
Mission and Program Overview

Mission

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

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 economic growth by harnessing the power of food, farms and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$1,476,761$1,424,042▼ $52,719
Land, Buildings, and Equipment, Net$939,805$870,254▼ $69,551
Cash and Non-Interest-Bearing Accounts$66,676$124,936▲ $58,260
Prepaid Expenses and Deferred Charges$77,912$92,616▲ $14,704
Inventories for Sale or Use$20,027$47,026▲ $26,999
Accounts Receivable$23,575$40,152▲ $16,577
Total Assets$2,604,756$2,599,026▼ $5,730
Liabilities
Other Liabilities$1,731,778$1,645,077▼ $86,701
Accounts Payable and Accrued Expenses$15,527$75,808▲ $60,281
Total Liabilities$1,747,305$1,720,885▼ $26,420
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$70,000$854,750▲ $784,750
Net Assets With Donor Restrictions$787,451$23,391▼ $764,060
Total Net Assets Fund Balance$857,451$878,141▲ $20,690
Total Liabilities and Net Assets / Fund Balance$2,604,756$2,599,026▼ $5,730

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$794,377$162,747$957,124
Leasehold Improvements$75,877$7,276$83,153
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mary HippPresident an
Cindy Faber SmithBoard Member
Taryn ScherBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$946,828
Program Service Revenue
$0
Investment Income
$68
Other Revenue
$-175,496
Change in Net Assets
$20,690
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$549,527
Salaries, Compensation, and Employee Benefits$201,183
Total Fundraising Expense$2,626
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$222,880$24,764-$247,644
Other Salaries and Wages$177,041$24,142-$201,183
Depreciation Depletion$95,495$3,984-$99,479
Fees for Services Accounting$26,279$64,951-$91,230
Insurance-$23,252-$23,252
Information Technology$7,379$4,008$2,076$13,463
Other Expenses$1,244$698$550$2,492
Advertising$2,354--$2,354
Office Expenses-$2,026-$2,026
Total Functional Expenses$594,085$153,999$2,626$750,710
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Lease Liability$1,548,479
Misc Accrued Expenses$84,804
Accrued Payroll$9,687
Gift Card Liabilities$1,595
Deferred Revenue$376
Credit Card Payable$136
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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

A review will be conducted prior to the filing of the federal form 990.

Form 990, Page 6, Part VI, Line 12C

Each board member signed a conflict of interest statement when the organization was formed. Each board member verified there were no conflicts of interest prior to entering into a new working relationship with other organizations.

Form 990, Page 6, Part VI, Line 15A

The board determined there would be contract labor expenses paid to the executive director of 157.368.00.

Form 990, Page 6, Part VI, Line 15B

The board determined ther would be no salaries for officers.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request and are available on another entity's website. The form 990, conflict of interest policy, whistle blower policy, document retention and destruction policy are available upon request. The form 990 is also available from the sc secretary of state website.

Filing and Contact Details

Filer

Filer Name
Feed & Seed Co
EIN
47-1146394
Phone
8649799485
Address
PO BOX 3005, GREENVILLE, SC 29602

Signing Officer

Name
Mary Hipp
Title
President and Treasu
Phone
8649799485
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Hipp
Formed
2016
Legal Domicile
Sc
Voting Board Members
3
Independent Board Members
3
Employees
24

Preparer

Firm
Copper Advisors
Address
777 LOWNDES HILL RD BLDG 2 102, GREENVILLE, SC 29607
Preparer
Francis Horton
Phone
8644074200
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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 economic growth by harnessing the power of food, farms and community.

Form 990, Page 2, Part III, Line 4A

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 focus of farm, food and community development, articulating environmental, economic and social impacts. Development of partnerships and opening channels for institutional-scale use of locally produced farm produce. Working intimately with other advocacy organizatins to create efficient feedback and data channels for consumer demand, market response and mission measures. Development of a dhec-certified community kitchen which offers space for local food marketers in need of a commercial kitchen. Both the warehouse and the community kitchen are game changers for small farms and small-scale food businesses.

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0612786
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0642158
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0651461
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt029421
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03733262
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0794377
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0162747
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0957124
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt075877
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07276
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt083153
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01548479
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt184804
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt29687
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31595
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4376
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5136
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RIGHT OF USE LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MISC ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3GIFT CARD LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DEFERRED REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5CREDIT CARD PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0870254
IRS990ScheduleD/TotalLiabilityAmt01645077
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THROUGH 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 ECONOMIC GROWTH BY HARNESSING THE POWER OF FOOD, FARMS AND COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITIES 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 FOCUS OF FARM, FOOD AND COMMUNITY DEVELOPMENT, ARTICULATING ENVIRONMENTAL, ECONOMIC AND SOCIAL IMPACTS. DEVELOPMENT OF PARTNERSHIPS AND OPENING CHANNELS FOR INSTITUTIONAL-SCALE USE OF LOCALLY PRODUCED FARM PRODUCE. WORKING INTIMATELY WITH OTHER ADVOCACY ORGANIZATINS TO CREATE EFFICIENT FEEDBACK AND DATA CHANNELS FOR CONSUMER DEMAND, MARKET RESPONSE AND MISSION MEASURES. DEVELOPMENT OF A DHEC-CERTIFIED COMMUNITY KITCHEN WHICH OFFERS SPACE FOR LOCAL FOOD MARKETERS IN NEED OF A COMMERCIAL KITCHEN. BOTH THE WAREHOUSE AND THE COMMUNITY KITCHEN ARE GAME CHANGERS FOR SMALL FARMS AND SMALL-SCALE FOOD BUSINESSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A REVIEW WILL BE CONDUCTED PRIOR TO THE FILING OF THE FEDERAL FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH BOARD MEMBER SIGNED A CONFLICT OF INTEREST STATEMENT WHEN THE ORGANIZATION WAS FORMED. EACH BOARD MEMBER VERIFIED THERE WERE NO CONFLICTS OF INTEREST PRIOR TO ENTERING INTO A NEW WORKING RELATIONSHIP WITH OTHER ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD DETERMINED THERE WOULD BE CONTRACT LABOR EXPENSES PAID TO THE EXECUTIVE DIRECTOR OF 157.368.00.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD DETERMINED THER WOULD BE NO SALARIES FOR OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE AVAILABLE UPON REQUEST AND ARE AVAILABLE ON ANOTHER ENTITY'S WEBSITE. THE FORM 990, CONFLICT OF INTEREST POLICY, WHISTLE BLOWER POLICY, DOCUMENT RETENTION AND DESTRUCTION POLICY ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE FROM THE SC SECRETARY OF STATE WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxExemptBondsInd0false
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IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02626
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0153999
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0594085
IRS990/TotalFunctionalExpensesGrp/TotalAmt0750710
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01747305
IRS990/TotalLiabilitiesEOYAmt01720885
IRS990/TotalLiabilitiesGrp/BOYAmt01747305
IRS990/TotalLiabilitiesGrp/EOYAmt01720885
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0857451
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0878141
IRS990/TotalProgramServiceExpensesAmt0594085
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-175428
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0771400
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0105 N HUDSON STREET
IRS990/USAddress/CityNm0GREENVILLE
IRS990/USAddress/StateAbbreviationCd0SC
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IRS990/WebsiteAddressTxt0WWW.FEEDANDSEEDSC.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARY HIPP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND TREASU
ReturnHeader/BusinessOfficerGrp/PhoneNum08649799485
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FEED & SEED CO
ReturnHeader/Filer/BusinessNameControlTxt0FEED
ReturnHeader/Filer/EIN0471146394
ReturnHeader/Filer/PhoneNum08649799485
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3005
ReturnHeader/Filer/USAddress/CityNm0GREENVILLE
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0821217631
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COPPER ADVISORS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0777 LOWNDES HILL RD BLDG 2 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029607
ReturnHeader/PreparerPersonGrp/PhoneNum08644074200
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANCIS HORTON
ReturnHeader/ReturnTs02024-12-20T12:59:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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