Civic Intelligence

Harvest Seed Project Foundation

990 • Fiscal year 2020 • EIN 47-2377828

Jan 01, 2020 to Dec 31, 2020 • Filed on May 10, 2021

PO Box 2712McKinney, TX 75070

(469) 459-6465

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

68th percentile

18%

Higher net margin than 68% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$13,890

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

73rd percentile

32%

Faster asset growth than 73% of similar nonprofits.

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

Revenue Growth

97th percentile

282%

Faster revenue growth than 97% of similar nonprofits.

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

Assets

Up

$310,952

Up $75,740 (+32%) from 2019

Net Assets

$310,952

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$410,753

Up $303,296 (+282%) from 2019

Expenses

Up

$335,013

Up $251,632 (+302%) from 2019

Net Income

Up

$75,740

Up $51,664 (+215%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2015: $158Net Assets 2015: $1582015Assets 2016: $7,492Liabilities 2016: $02016Assets 2017: $121,801Liabilities 2017: $0Net Assets 2017: $121,8012017Assets 2018: $236,136Liabilities 2018: $25,0002018Assets 2019: $235,212Liabilities 2019: $02019Assets 2020: $310,952Liabilities 2020: $0Net Assets 2020: $310,9522020Assets 2021: $459,609Liabilities 2021: $121Net Assets 2021: $459,4882021Assets 2022: $363,373Liabilities 2022: $36,933Net Assets 2022: $326,4402022Assets 2023: $412,258Liabilities 2023: $28,278Net Assets 2023: $383,9802023Assets 2024: $468,920Liabilities 2024: $35,041Net Assets 2024: $433,8792024

Highlighted filing

2020

Assets$310,952
Liabilities$0
Net Assets$310,952

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $7,158Expenses 2015: $7,000Net Income 2015: $1582015Revenue 2016: $16,282Expenses 2016: $8,948Net Income 2016: $7,3342016Revenue 2017: $226,996Expenses 2017: $112,687Net Income 2017: $114,3092017Revenue 2018: $155,991Expenses 2018: $66,656Net Income 2018: $89,3352018Revenue 2019: $107,457Expenses 2019: $83,381Net Income 2019: $24,0762019Revenue 2020: $410,753Expenses 2020: $335,013Net Income 2020: $75,7402020Revenue 2021: $391,699Expenses 2021: $254,199Net Income 2021: $137,5002021Revenue 2022: $374,161Expenses 2022: $520,468Net Income 2022: -$146,3072022Revenue 2023: $425,529Expenses 2023: $367,989Net Income 2023: $57,5402023Revenue 2024: $390,355Expenses 2024: $337,933Net Income 2024: $52,4222024

Highlighted filing

2020

Revenue$410,753
Expenses$335,013
Net Income$75,740
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 10, 2021
Return Version
2020v4.0
Gross Receipts
$412,265
Mission and Program Overview

Mission

To fund education and agriculture initiatives that support sustainable farming

The Seed Project Foundation (SPF) funds educational, agricultural, and community initiatives that support sustainability. Sustainability is a social challenge that improves the current quality of life without compromising future generations. The Foundation was established on the premise that funding sustainable ideas today will support ecological and social balance in the future. Providing seed money for causes that enhance the principles of sustainability is our mission.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$235,212$310,952▲ $75,740
Loans From Officers Directors$0$0→ $0
Total Assets$235,212$310,952▲ $75,740
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$155,472$192,201▲ $36,729
Net Assets With Donor Restrictions$79,740$118,751▲ $39,011
Total Net Assets Fund Balance$235,212$310,952▲ $75,740
Total Liabilities and Net Assets / Fund Balance$235,212$310,952▲ $75,740
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Megan NeubauerExecutive DirectorPT$13,890$13,890

Board Members and Trustees

NameTitle
Rick WellsPresident
Andrea ShackelfordVice President
Toby Thomasondirector
CarissaBleeker
Lynne SiporiaSecretary
Vicki DeermanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$407,052
Program Service Revenue
$1,738
Investment Income
$376
Other Revenue
$1,587
All Other Contributions
$405,052
Change in Net Assets
$75,740
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$279,335
Other Expenses$42,447
Salaries, Compensation, and Employee Benefits$13,231
Total Fundraising Expense$9,082
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$279,335--$279,335
Advertising$19,343$1,060-$20,403
Current Officers, Directors, Trustees, and Key Employees$4,645$3,586$5,000$13,231
Information Technology$1,518$1,186$2,153$4,857
Fees for Services Other$2,969$194-$3,163
Other Expenses$0$0$1,929$1,929
Insurance-$1,049-$1,049
Office Expenses-$284-$284
Total Functional Expenses$318,572$7,359$9,082$335,013
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Profound FoodsLucas, TX501c3Covid19$21,826
Cartermere FarmsCelina, TX501c3farm crisis for chicken feed$15,000
Grow North TexasDallas, TX501c3development of school garden programs$15,000
Community Health Clinic of McKinneyMcKinney, TX501c3Covid19$10,000
Community Lifeline CenterMcKinney, TX501c3Emergency grant for food$10,000
Community Lifeline CenterMcKinney, TX501c3Covid19$10,000
Emmanuel LaborMcKinney, TX501c3Covid19$10,000
Holy Family SchoolMcKinney, TX501c3Covid19$10,000
Hope Clinic of McKinneyMcKinney, TX501c3Covid19$10,000
North Texas Family Health FoundationMcKinney, TX501c3Covid19$10,000
Empty Bowls McKinneyMcKinney, TX501c3Empty Bowls sponsor$8,000
Hope Womens CenterMcKinney, TX-Covid19$8,000
The Salvation ArmyMcKinney, TX501c3Covid19$7,780
Texas FungusArlington, TX501c3Crisis grant for supplies$7,600
Meals on Wheels Collin CountyMcKinney, TX501c3Covid19$7,500
McKinney RootsMcKinney, TX-farm development$7,000
HugsMcKinney, TX501c3update their website and incorporate e-commerce$6,500
McKinney Little Free PantryMcKinney, TX501c3Covid19$6,000
St Jude Catholic ParishAllen, TX501c3Covid19$5,500
Above All ThingsAnna, TX-Covid19$5,300
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,099
Fundraising Direct Expenses$1,512
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11B

Email 990 and schedules to each director for review

Form 990, Part VI, Section C, Line 19

The organization has not made the governing documents available to the general public. No requests by the public for these documents have been received.

Filing and Contact Details

Filer

Filer Name
Harvest Seed Project Foundation
EIN
47-2377828
Phone
4694596465
Address
PO Box 2712, McKinney, TX 75070
Doing Business As
Seed Project Foundation and One Heart McKinney

Signing Officer

Name
Vicki Deerman
Title
Treasurer
Phone
4694506465
Signed
2021-05-10

Organization Details

Principal Officer
Rick Wells
Formed
2014
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
10
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Due to Covid-19, we started a DBA called One Heart McKinney which accepted donations to help support local organizations which were being impacted by the Covid-19 environment.

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IRS990/MissionDesc0The Seed Project Foundation (SPF) funds educational, agricultural, and community initiatives that support sustainability. Sustainability is a social challenge that improves the current quality of life without compromising future generations. The Foundation was established on the premise that funding sustainable ideas today will support ecological and social balance in the future. Providing seed money for causes that enhance the principles of sustainability is our mission.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Hosted symposium for farmers and chefs to promote local, healthy food systems.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1McKinney Roots: Assisted as need to keep the farm running.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2Salaries allocated to program work
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt02126
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt119564
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt24645
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IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt20
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt10
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt20
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt076686
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IRS990/PYGrantsAndSimilarPaidAmt056985
IRS990/PYInvestmentIncomeAmt0367
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IRS990/PYOtherRevenueAmt027037
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IRS990/PYRevenuesLessExpensesAmt024076
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IRS990/PYTotalExpensesAmt083381
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0107457
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt075740
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
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IRS990/ReportInvestmentsOtherSecInd00
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0603
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IRS990ScheduleA/InvestmentIncomeCYPct00.00191
IRS990ScheduleA/InvestmentIncomePYPct00
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleI/RecipientTable/CashGrantAmt137500
IRS990ScheduleI/RecipientTable/CashGrantAmt1410000
IRS990ScheduleI/RecipientTable/CashGrantAmt155500
IRS990ScheduleI/RecipientTable/CashGrantAmt167780
IRS990ScheduleI/RecipientTable/CashGrantAmt175300
IRS990ScheduleI/RecipientTable/CashGrantAmt188000
IRS990ScheduleI/RecipientTable/CashGrantAmt197000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
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