Community Seeds
- Assets
- $916.3k
- Revenue
- $167.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Point, TX
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 26-4734541
Organization Overview
Community Seeds is located in Point, TX. The organization was established in 2010. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Seeds employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Seeds is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Community Seeds generated $167.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $239.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AS A CLEARING HOUSE FOR AREA CHURCHES AND ORGANIZATIONS TO SERVE THE ECONOMICALLY DISADVANTAGED PEOPLE OF OUR AREA WITH EMERGENCY ASSISTANCE AND PROGRAMS TO EMPOWER AND ENCOURAGE THEM TO BECOME SELF-SUFFICIENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SEEDS HAS VERICED OVER 10,000 INDIVIDUALS IN HUNT AND RAINS COUNTIES AS WELL AS THE SURROUNDING AREA BY OFFERING HELP WITH UTILITIES, HOUSING, FOOD, CLOTHING, EDUCATOIN, HEALTH CLASSES, WELDING CLASSES, ACCESS TO THE INCUBATOR KITCHEN AS WELL AS PROVIDING TRANSITIONAL HOUSING FOR THE HOMELESS. THESE SERVICES ARE OFFERED YEAR ROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Pearson Chairman | OfficerTrustee | 5 | $0 |
Sam Calk Director | Trustee | 5 | $0 |
Bertram Cooper Director | Trustee | 50 | $0 |
Mary Thomas-Cooper Secretary | Trustee | 40 | $0 |
Bryan Yarnell Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,517 |
| Total Program Service Revenue | $953 |
| Investment income | $1,090 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,500 |
| Compensation of current officers, directors, key employees. | $28,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,609 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,956 |
| Payroll taxes | $3,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,604 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $600 |
| Office expenses | $18,084 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,792 |
| Travel | $1,115 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,085 |
| Insurance | $32,983 |
| All other expenses | $3,147 |
| Total functional expenses | $239,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,018 |
| Savings and temporary cash investments | $35,569 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $764,665 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $916,252 |
| Accounts payable and accrued expenses | $584 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $584 |
| Net assets without donor restrictions | $341,404 |
| Net assets with donor restrictions | $574,264 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $916,252 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Seeds has recieved totaling $48.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $48 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jasper Ridge Charitable Fund Fort Worth, TX | $1,059,804,391 | $51,342,189 |
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
W W Caruth Jr Foundation Dallas, TX | $444,705,321 | $32,925,098 |
Dallas Center For The Performing Arts Foundation Inc Dallas, TX | $209,822,251 | $21,963,048 |
Houston Parks Board Houston, TX | $62,239,000 | $18,357,527 |
Fossil Foundation Richardson, TX | $2,468,423 | $514,916 |
Pratham Usa Houston, TX | $25,223,728 | $25,510,214 |
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |