Seed Savers Exchange Inc
- Assets
- $8.3m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 99
- Location
- Decorah, IA
- Founding
- 03/1981
- Data as of
- 10/2020
- EIN
- 43-1214133
Organization Overview
Seed Savers Exchange Inc is located in Decorah, IA. The organization was established in 1981. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 10/2021, Seed Savers Exchange Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seed Savers Exchange Inc 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 10/2020, Seed Savers Exchange Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $5.9m during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF HERITAGE SEEDS.
Describe the Organization's Program Activity:
SALES OF SEEDS AND PLANTS TO THE PUBLIC IN ORDER TO EFFECT AND DEMONSTRATE "LOST TO THE ECOSYSTEM" NON-HYBRID SEED VARIETIES CAN BE REINTRODUCED THROUGH GROWERS' ACCEPTANCE. CULTIVATION OF SUCH OTHERWISE UNAVAILABLE SEEDS HAVE BEEN PREPSERVED IN THE ORGANIZATION'S SEEDBANK, AND THEIR ENSUING DISTRIBUTION AND SALE IS A "SUBSTANTIALLY RELATED" DEMONSTRATION ACTIVITY.
PUBLICATIONS OF EDUCATIONAL MATERIALS FOR THE ORGANIZATIONS 7,708 MEMBERS WHO GROW AND EXCHANGE SEED OF ENDANGERED FOOD CROPS.
OPERATE HERITAGE FARM AS A VISITOR CENTER AND EDUCATIONAL CENTER DEVELOPING A NETWORK OF ISOLATION GARDENS TO PREVENT CROSS-POLLINATION AND CONTAIMATION FOR GENETICALLY MODIFIED CROPS. GROWING GARDENS AND GENETIC PRESERVATION PROJECTS NECESSARY FOR MAINTAINING SEED COLLECTION OF 20,000 RARE VEGETABLE AND FRUIT VARIETIES THAT WOULD OTHERWISE LIKELY BECOME EXTINCT.
OTHER PROGRAM SERVICES INCLUDE MAINTAINING A BREEDING HERD OF THREATENED WHITE PARK CATTLE AND HOLD THE ANNUAL CONVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Rose Haga Former Presi | Officer | 40 | $99,260 |
Lynne Rilling Interim Dire | Officer | 40 | $80,863 |
Alex Brandt Treasurer/se | Officer | 10 | $51,102 |
Denise Costich Director | Trustee | 2 | $0 |
Jeff Dawson Director | Trustee | 2 | $0 |
Neil Hamilton Vice Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,494,942 |
| Investment income | $22,435 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,163 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $75,620 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,841,212 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,859,116 |
| Statement of Expenses | |
|---|---|
| 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. | $178,984 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,915,035 |
| Pension plan accruals and contributions | $28,881 |
| Other employee benefits | $189,277 |
| Payroll taxes | $150,041 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,016 |
| Fees for services: Accounting | $17,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $518,464 |
| Office expenses | $377,909 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,997 |
| Travel | $10,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,068 |
| Interest | $11,463 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267,002 |
| Insurance | $79,114 |
| All other expenses | $0 |
| Total functional expenses | $5,942,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,712 |
| Savings and temporary cash investments | $3,256,788 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,217 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,196,309 |
| Prepaid expenses and deferred charges | $128,881 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $479,053 |
| Intangible assets | $0 |
| Other assets | $181,828 |
| Total assets | $8,340,832 |
| Accounts payable and accrued expenses | $475,579 |
| Grants payable | $0 |
| Deferred revenue | $202,747 |
| 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 | $594,499 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,738 |
| Total liabilities | $1,345,563 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $6,995,269 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seed Savers Exchange Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Evelyn I Benson Tr Des Moines, IA PURPOSE: PRESERVATION OF HEIRLOOM SEEDS | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Midwest Oper Engineers Construction Industry Research & Serv Tr Fund Countryside, IL | $12,085,029 | $17,769,884 |
Illinois Soybean Board Bloomington, IL | $24,441,630 | $21,800,549 |
Food Export Association Of The Midwest Usa Chicago, IL | $3,109,779 | $15,548,836 |
Illinois Corn Marketing Board Bloomington, IL | $11,624,886 | $11,889,515 |
Illinois Farm Business Farm Management Association Urbana, IL | $13,036,050 | $15,163,165 |
Minnesota Corn Growers Association Burnsville, MN | $3,976,064 | $6,629,781 |
National Snaffle Bit Association Inc Gurnee, IL | $5,863,990 | $6,575,627 |
Seed Savers Exchange Inc Decorah, IA | $8,340,832 | $6,859,116 |
Wisconsin Soybean Marketing Board Inc Madison, WI | $9,285,621 | $7,489,309 |
Nebraska Farm Bureau Federation Lincoln, NE | $6,162,256 | $5,536,938 |
Agricultural Utilization Research Institute Crookston, MN | $5,866,335 | $5,389,230 |