Civic Intelligence

North Carolina Foundation Seed Producers Incorporated

990 • Fiscal year 2019 • EIN 56-0556193

Jun 01, 2018 to May 31, 2019 • Filed on Sep 11, 2019

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

66th percentile

0.05x

Higher debt load relative to assets than 66% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

0.32x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Net Margin

3rd percentile

-33%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

33rd percentile

$54,154

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 16.9% of source-year revenue.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2019

Asset Growth

18th percentile

-2.7%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-47%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets66th percentile

Assets

Down

$2,206,649

Down $61,427 (-2.7%) from 2018

Net Assets

Down

$2,103,663

Down $133,787 (-6.0%) from 2018

Liabilities

Up

$102,986

Up $72,360 (+236%) from 2018

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin3rd percentile

Revenue

Down

$320,365

Down $278,925 (-47%) from 2018

Expenses

Up

$425,519

Up $73,910 (+21%) from 2018

Net Income

Down

-$105,154

Down $352,835 (-142%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2019

Assets$2,206,649
Liabilities$102,986
Net Assets$2,103,663
Open 2019 Filing

Operations Trend

Revenue Growth1st 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

2019

Revenue$320,365
Expenses$425,519
Net Income-$105,154
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Sep 11, 2019
Return Version
2018v3.1
Gross Receipts
$896,368
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$1,132,195$1,163,195▲ $31,000
Savings and Temporary Cash Investments$451,167$430,152▼ $21,015
Accounts Receivable$254,982$415,784▲ $160,802
Land, Buildings, and Equipment, Net$226,529$234,151▲ $7,622
Prepaid Expenses and Deferred Charges$12,500$26,000▲ $13,500
Inventories for Sale or Use$14,214$9,101▼ $5,113
Cash and Non-Interest-Bearing Accounts$176,489$-71,734▼ $248,223
Total Assets$2,268,076$2,206,649▼ $61,427
Liabilities
Accounts Payable and Accrued Expenses$30,626$102,986▲ $72,360
Total Liabilities$30,626$102,986▲ $72,360
Net Assets / Fund Balance
Unrestricted Net Assets$2,237,450$2,103,663▼ $133,787
Total Net Assets Fund Balance$2,237,450$2,103,663▼ $133,787
Total Liabilities and Net Assets / Fund Balance$2,268,076$2,206,649▼ $61,427

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$86,612$571,227$657,839
Buildings$96,241$264,398$360,639
Land$51,298-$51,298
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daryl BowmanManagerFT$27,077$27,077$54,154

Board Members and Trustees

NameTitle
Billy BarrowPresident
A O RobertsTrustee
Jimmy D Jones JrTrustee
Ronnie ClarkTrustee
Walt GerardTrustee
Dwight LowderSecretary/tr
David SawyerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$130,630
Investment Income
$89,927
Other Revenue
$99,808
Change in Net Assets
$-105,154
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$297,616
Other Expenses$91,953
Grants and Similar Amounts Paid$35,950
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$181,133$48,149-$229,282
Grants to Domestic Orgs$35,950--$35,950
Pension Plan Contributions$26,917$7,155-$34,072
Depreciation Depletion$16,003$4,254-$20,257
Other Employee Benefits$14,466$3,846-$18,312
Insurance$17,058--$17,058
Payroll Taxes$12,600$3,350-$15,950
Occupancy$10,226$2,424-$12,650
Fees for Services Accounting-$9,230-$9,230
Conferences and Meetings-$3,085-$3,085
All Other Expenses$374$1,749-$2,123
Other Expenses$1,268--$1,268
Fees for Service Investment Mgmnt Fees-$276-$276
Total Functional Expenses$342,001$83,518$0$425,519
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nc State UniversityRaleigh, NC-Research$35,950
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
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
2019-09-11

Organization Details

Principal Officer
Daryl Bowman
Formed
1945
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
4

Preparer

Firm
Plc Rouse Norton Pllc
Address
7701 SIX FORKS RD STE 100, RALEIGH, NC 27615
Preparer
John H Collar Iii
Phone
9198411000
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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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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0130630
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0451167
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0430152
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt096241
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0264398
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0360639
IRS990ScheduleD/EquipmentGrp/BookValueAmt086612
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0571227
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0657839
IRS990ScheduleD/LandGrp/BookValueAmt051298
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt051298
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0234151
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt035950
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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02268076
IRS990/TotalAssetsEOYAmt02206649
IRS990/TotalAssetsGrp/BOYAmt02268076
IRS990/TotalAssetsGrp/EOYAmt02206649
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt083518
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0342001
IRS990/TotalFunctionalExpensesGrp/TotalAmt0425519
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030626
IRS990/TotalLiabilitiesEOYAmt0102986
IRS990/TotalLiabilitiesGrp/BOYAmt030626
IRS990/TotalLiabilitiesGrp/EOYAmt0102986
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02237450
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02103663
IRS990/TotalProgramServiceExpensesAmt0342001
IRS990/TotalProgramServiceRevenueAmt0130630
IRS990/TotalReportableCompFromOrgAmt027077
IRS990/TotalRevenueGrp/ExclusionAmt044392
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0275973
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0320365
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02268076
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02206649
IRS990/TotReportableCompRltdOrgAmt027077
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02237450
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02103663
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08220 RILEY HILL ROAD
IRS990/USAddress/CityNm0ZEBULON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027597
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0HTTP://NCFOUNDATIONSEEDS.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DARYL BOWMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum09192695592
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-11
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/FilingSecurityInformation/AtSubmissionCreationDeviceId07E6047328611D69CC12385D9C24E8BC64CC5D677
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08AA5E44658A8A04AB66B9FAFA34D7DDE7C9BB768
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0207.200.187.64
ReturnHeader/FilingSecurityInformation/IPDt02019-10-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:06:28
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562034483
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PLC ROUSE NORTON PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07701 SIX FORKS RD STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027615
ReturnHeader/PreparerPersonGrp/PhoneNum09198411000
ReturnHeader/PreparerPersonGrp/PreparationDt02019-09-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN H COLLAR III
ReturnHeader/ReturnTs02019-10-14T14:06:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-06-01
ReturnHeader/TaxPeriodEndDt02019-05-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,206,649
Liabilities
$102,986
Net assets
$2,103,663
Revenue
$320,365
Expenses
$425,519
Net income
-$105,154
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