Semilla Nueva
- Assets
- $3.4m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 43
- Location
- Boise, ID
- Founding
- 09/2010
- Data as of
- 12/2023
- EIN
- 36-4671687
Organization Overview
Semilla Nueva is located in Boise, ID. The organization was established in 2010. According to its NTEE Classification (Q31) the organization is classified as: International Agricultural Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Semilla Nueva employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Semilla Nueva 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 12/2023, Semilla Nueva generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 33.0% each year . All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 29.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE DEDICATED TO PROVIDING REAL IMPACT FOR THOSE THAT NEED IT MOST. WE AIM TO IMPROVE THE INCOMES OF HUNDREDS OF THOUSANDS OF FARMING FAMILIES AND THE NUTRITION OF MILLIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL EXPENSES RELATED TO THE RESEARCH, DEVELOPMENT, PRODUCTION, COMMERCIALIZATION, AND MARKETING OF BIOFORTIFIED MAIZE SEEDS AND THE FIELD TEAM'S TRAVEL EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Federico Fiallos Chief Operation Officer | Officer | 48 | $142,191 |
Curt Bowen Executive Director | Officer | 48 | $97,436 |
Maria Cruz Chief Financial Officer | Officer | 48 | $74,889 |
Bob Kaplan Chairman | OfficerTrustee | 5 | $0 |
Michael Summers Vice Chairman | OfficerTrustee | 2 | $0 |
Becca Wammack Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,650,420 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,650,420 |
| Total Program Service Revenue | $138,304 |
| Investment income | $47,249 |
| 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 | $4,835,973 |
| 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. | $323,460 |
| Compensation of current officers, directors, key employees. | $112,573 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $705,292 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $221,972 |
| Payroll taxes | $57,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,241 |
| Fees for services: Accounting | $12,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $207,897 |
| Advertising and promotion | $23,089 |
| Office expenses | $189,646 |
| Information technology | $2,892 |
| Royalties | $0 |
| Occupancy | $53,387 |
| Travel | $280,442 |
| 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 | $6,662 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,942,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,521 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $240,355 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,211 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $53,655 |
| Investments—publicly traded securities | $2,707,359 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $952 |
| Other assets | $0 |
| Total assets | $3,418,053 |
| Accounts payable and accrued expenses | $194,157 |
| 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 | $194,157 |
| Net assets without donor restrictions | $2,756,161 |
| Net assets with donor restrictions | $467,735 |
| 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 | $3,418,053 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Coffee Research Portland, OR | $10,708,234 | $4,528,248 |
Semilla Nueva Boise, ID | $3,418,053 | $4,835,973 |
Cup Of Excellence Portland, OR | $198,279 | $779,516 |
New Roots Haiti Ridgefield, WA | $766,321 | $477,080 |
Aliados Usa Burien, WA | $145,141 | $0 |
International Food & Agribusiness Management Association Corvallis, OR | $116,464 | $0 |
Kakao Ceremonial Drinking Chocolate Bozeman, MT | $56,578 | $142,924 |
Strong Harvest International Vancouver, WA | $190,307 | $0 |
Evans Family Foundation Park City, UT | $110,124 | $38,964 |