Civic Intelligence

North Carolina Foundation Seed Producers Incorporated

990 • Fiscal year 2016 • EIN 56-0556193

Jun 01, 2015 to May 31, 2016 • Filed on Aug 18, 2016

Organization ProfileNCFOUNDATIONSEEDS.ORG
8220 Riley Hill RoadZebulon, NC 27597

(919) 269-5592

Siviq Scores

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

Liabilities / Assets

45th percentile

0.01x

Higher debt load relative to assets than 45% of similar nonprofits.

2016 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

0.07x

Higher debt load relative to revenue than 68% of similar nonprofits.

2016 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2016

Net Margin

56th percentile

6.7%

Higher net margin than 56% of similar nonprofits.

2016 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

31st percentile

$50,600

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2016 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2016

Asset Growth

19th percentile

-3.1%

Faster asset growth than 19% of similar nonprofits.

2016 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

4th percentile

-24%

Faster revenue growth than 4% of similar nonprofits.

2016 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$2,020,448

Down $64,962 (-3.1%) from 2015

Net Assets

Down

$1,996,529

Down $51,646 (-2.5%) from 2015

Liabilities

Down

$23,919

Down $13,316 (-36%) from 2015

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin56th percentile

Revenue

Down

$333,091

Down $105,365 (-24%) from 2015

Expenses

Down

$310,867

Down $31,891 (-9.3%) from 2015

Net Income

Down

$22,224

Down $73,474 (-77%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $1,730,361Liabilities 2012: $38,834Net Assets 2012: $1,691,5272012Assets 2013: $1,855,860Liabilities 2013: $18,842Net Assets 2013: $1,837,0182013Assets 2014: $2,215,460Liabilities 2014: $288,553Net Assets 2014: $1,926,9072014Assets 2015: $2,085,410Liabilities 2015: $37,235Net Assets 2015: $2,048,1752015Assets 2016: $2,020,448Liabilities 2016: $23,919Net Assets 2016: $1,996,5292016Assets 2017: $2,084,285Liabilities 2017: $25,649Net Assets 2017: $2,058,6362017Assets 2018: $2,268,076Liabilities 2018: $30,626Net Assets 2018: $2,237,4502018Assets 2019: $2,206,649Liabilities 2019: $102,986Net Assets 2019: $2,103,6632019Assets 2020: $2,268,467Liabilities 2020: $21,119Net Assets 2020: $2,247,3482020Assets 2021: $2,628,794Liabilities 2021: $18,126Net Assets 2021: $2,610,6682021Assets 2022: $2,376,099Liabilities 2022: $17,162Net Assets 2022: $2,358,9372022Assets 2023: $2,820,835Liabilities 2023: $444,227Net Assets 2023: $2,376,6082023Assets 2024: $2,705,830Liabilities 2024: $59,761Net Assets 2024: $2,646,0692024Assets 2025: $3,785,100Liabilities 2025: $700,679Net Assets 2025: $3,084,4212025

Highlighted filing

2016

Assets$2,020,448
Liabilities$23,919
Net Assets$1,996,529
Open 2016 Filing

Operations Trend

Revenue Growth4th percentile

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

$1.0M$500K$0-$500KRevenue 2012: $508,182Expenses 2012: $416,384Net Income 2012: $91,7982012Revenue 2013: $349,005Expenses 2013: $300,289Net Income 2013: $48,7162013Revenue 2014: $352,755Expenses 2014: $309,843Net Income 2014: $42,9122014Revenue 2015: $438,456Expenses 2015: $342,758Net Income 2015: $95,6982015Revenue 2016: $333,091Expenses 2016: $310,867Net Income 2016: $22,2242016Revenue 2017: $379,107Expenses 2017: $428,892Net Income 2017: -$49,7852017Revenue 2018: $599,290Expenses 2018: $351,609Net Income 2018: $247,6812018Revenue 2019: $320,365Expenses 2019: $425,519Net Income 2019: -$105,1542019Revenue 2020: $456,445Expenses 2020: $357,193Net Income 2020: $99,2522020Revenue 2021: $580,976Expenses 2021: $379,013Net Income 2021: $201,9632021Revenue 2022: $609,501Expenses 2022: $459,716Net Income 2022: $149,7852022Revenue 2023: $430,455Expenses 2023: $422,184Net Income 2023: $8,2712023Revenue 2024: $439,952Expenses 2024: $355,405Net Income 2024: $84,5472024Revenue 2025: $843,315Expenses 2025: $396,401Net Income 2025: $446,9142025

Highlighted filing

2016

Revenue$333,091
Expenses$310,867
Net Income$22,224
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Aug 18, 2016
Return Version
2015v2.1
Gross Receipts
$1,702,693
Mission and Program Overview

Mission

To make foundation seed and plant materials of new and improved varieties available to farmers in nc through cooperation with nc ag experiment station, the usda and other public agencies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$929,555$932,251▲ $2,696
Savings and Temporary Cash Investments$247,780$560,659▲ $312,879
Cash and Non-Interest-Bearing Accounts$358,275--
Accounts Receivable$315,755$316,677▲ $922
Land, Buildings, and Equipment, Net$211,059$191,566▼ $19,493
Prepaid Expenses and Deferred Charges$8,640$12,000▲ $3,360
Inventories for Sale or Use$14,346$7,295▼ $7,051
Total Assets$2,085,410$2,020,448▼ $64,962
Liabilities
Accounts Payable and Accrued Expenses$37,235$23,919▼ $13,316
Total Liabilities$37,235$23,919▼ $13,316
Net Assets / Fund Balance
Unrestricted Net Assets$2,048,175$1,996,529▼ $51,646
Total Net Assets Fund Balance$2,048,175$1,996,529▼ $51,646
Total Liabilities and Net Assets / Fund Balance$2,085,410$2,020,448▼ $64,962

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,423$654,523$665,946
Buildings$128,845$231,794$360,639
Land$51,298-$51,298
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleOtherTotal
Daryl BowmanManager$50,600$50,600

Board Members and Trustees

NameTitle
A O RobertsPresident
Billy BarrowTrustee
David SawyerTrustee
Jimmy D Jones JrTrustee
Ronnie ClarkTrustee
Walt GerardTrustee
Dwight LowderSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$118,361
Investment Income
$46,940
Other Revenue
$167,790
Change in Net Assets
$22,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$190,824
Other Expenses$85,681
Grants and Similar Amounts Paid$34,362
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$121,204$30,301-$151,505
Grants to Domestic Orgs$34,362--$34,362
Depreciation Depletion$15,596$3,899-$19,495
Pension Plan Contributions$14,042$3,510-$17,552
Insurance$15,357--$15,357
Occupancy$12,437$1,698-$14,135
Other Employee Benefits$8,754$2,188-$10,942
Payroll Taxes$8,660$2,165-$10,825
Fees for Services Accounting-$7,965-$7,965
Conferences and Meetings-$6,450-$6,450
Other Expenses$1,321$2,350-$1,321
All Other Expenses$1,278--$1,278
Fees for Service Investment Mgmnt Fees-$238-$238
Total Functional Expenses$250,103$60,764$0$310,867
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nc State UniversityRaleigh, NC-Research$34,362
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
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
Yes
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

“The organization's form 990 was examined by daryl bowman and steve brown prior to its filing.”

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

“Staff is paid through the north carolina state university payroll system. The organization has no direct employees of its own, but reimburses the university for all costs of the staff. The board of trustees made a decision concerning the appropriate pay grade for all members of its staff based on their years of service and job description using guidelines from ncsu.”

Form 990, Page 6, Part VI, Line 19

“All governing documents are available to the public upon request by mail or electronic submission.”

Filing and Contact Details

Filer

Filer Name
North Carolina Foundation Seed
EIN
56-0556193
Phone
9192695592
Address
8220 RILEY HILL ROAD, ZEBULON, NC 27597

Signing Officer

Name
Daryl Bowman
Title
Manager
Phone
9192695592
Signed
2016-08-18

Organization Details

Principal Officer
Daryl Bowman
Formed
1945
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Perkins Lund Collar & Associates Pllc
Address
2607 OBERLIN RD STE 104, RALEIGH, NC 27608-1320
Preparer
John H Collar Iii
Phone
9197811721
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“COGS 0 COGS 0”

Raw XML Appendix353 raw XML fields

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/BuildingsGrp/OtherCostOrOtherBasisAmt0360639
IRS990ScheduleD/EquipmentGrp/BookValueAmt011423
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0654523
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0665946
IRS990ScheduleD/LandGrp/BookValueAmt051298
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt051298
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0191566
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt034362
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NC STATE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0566000756
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0NCSU
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RALEIGH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027695
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S FORM 990 WAS EXAMINED BY DARYL BOWMAN AND STEVE BROWN PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STAFF IS PAID THROUGH THE NORTH CAROLINA STATE UNIVERSITY PAYROLL SYSTEM. THE ORGANIZATION HAS NO DIRECT EMPLOYEES OF ITS OWN, BUT REIMBURSES THE UNIVERSITY FOR ALL COSTS OF THE STAFF. THE BOARD OF TRUSTEES MADE A DECISION CONCERNING THE APPROPRIATE PAY GRADE FOR ALL MEMBERS OF ITS STAFF BASED ON THEIR YEARS OF SERVICE AND JOB DESCRIPTION USING GUIDELINES FROM NCSU.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST BY MAIL OR ELECTRONIC SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COGS 0 COGS 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02085410
IRS990/TotalAssetsEOYAmt02020448
IRS990/TotalAssetsGrp/BOYAmt02085410
IRS990/TotalAssetsGrp/EOYAmt02020448
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060764
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0250103
IRS990/TotalFunctionalExpensesGrp/TotalAmt0310867
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt037235
IRS990/TotalLiabilitiesEOYAmt023919
IRS990/TotalLiabilitiesGrp/BOYAmt037235
IRS990/TotalLiabilitiesGrp/EOYAmt023919
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02048175
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01996529
IRS990/TotalProgramServiceExpensesAmt0250103
IRS990/TotalProgramServiceRevenueAmt0118361
IRS990/TotalRevenueGrp/ExclusionAmt041410
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0291681
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0333091
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02085410
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02020448
IRS990/TotReportableCompRltdOrgAmt050600
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02048175
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01996529
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08220 RILEY HILL ROAD
IRS990/USAddress/CityNm0ZEBULON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027597
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DARYL BOWMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum09192695592
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTH CAROLINA FOUNDATION SEED
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PRODUCERS INCORPORATED
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0560556193
ReturnHeader/Filer/PhoneNum09192695592
ReturnHeader/Filer/USAddress/AddressLine1Txt08220 RILEY HILL ROAD
ReturnHeader/Filer/USAddress/CityNm0ZEBULON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027597
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562034483
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PERKINS LUND COLLAR & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02607 OBERLIN RD STE 104
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0276081320
ReturnHeader/PreparerPersonGrp/PhoneNum09197811721
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN H COLLAR III
ReturnHeader/ReturnTs02016-08-19T11:01:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-06-01
ReturnHeader/TaxPeriodEndDt02016-05-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,020,448
Liabilities
$23,919
Net assets
$1,996,529
Revenue
$333,091
Expenses
$310,867
Net income
$22,224
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$0.70$3.08$0.84$0.40$0.45
2024Detailed filing. Detailed filing data is available for this year.$2.71$0.06$2.65$0.44$0.36$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.82$0.44$2.38$0.43$0.42$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.38$0.02$2.36$0.61$0.46$0.15
2021Detailed filing. Detailed filing data is available for this year.$2.63$0.02$2.61$0.58$0.38$0.20
2020Detailed filing. Detailed filing data is available for this year.$2.27$0.02$2.25$0.46$0.36$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.21$0.10$2.10$0.32$0.43$0.11
2018Detailed filing. Detailed filing data is available for this year.$2.27$0.03$2.24$0.60$0.35$0.25
2017Detailed filing. Detailed filing data is available for this year.$2.08$0.03$2.06$0.38$0.43$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.02$0.02$2.00$0.33$0.31$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.09$0.04$2.05$0.44$0.34$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.22$0.29$1.93$0.35$0.31$0.04
2013Summary only. Only limited summary data is available for this year.$1.86$0.02$1.84$0.35$0.30$0.05
2012Summary only. Only limited summary data is available for this year.$1.73$0.04$1.69$0.51$0.42$0.09