Seed Capital Kentucky Inc
- Assets
- $3.8k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Louisville, KY
- Founding
- 08/2012
- Data as of
- 12/2016
- EIN
- 45-1068408
Organization Overview
Seed Capital Kentucky Inc is located in Louisville, KY. The organization was established in 2012. 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 12/2016, Seed Capital Kentucky Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seed Capital Kentucky 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 12/2016, Seed Capital Kentucky Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (38.7%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2016. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO CATALYZE THE SUCCESS AND RESILIENCE OF KENTUCKYS REGIONAL AGRICULTURE AND REGIONAL FOOD ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING FARMERS. GRANTS ARE OFFERED TO SMALL FARMERS TO ENABLE THEM TO ACCESS TECHNICAL ASSISTANCE TO INCREASE THEIR CAPACITY TO GROW THEIR BUSINESSES, INCREASE SUSTAINABILITY, INCREASE ACCESS TO CAPITAL, OR OTHERWISE PLAY A LARGER OR MORE MEANINGFUL ROLE IN THE FOOD ECONOMY. TECHNICAL ASSISTANCE GRANTS COVER SUCH THINGS AS ACCOUNTING AND FINANCIAL PLANNING, BUSINESS PLANNING, MARKET DEVELOPMENT, MARKETING (INCLUDING PACKAGING AND LABEL DEVELOPMENT), FOOD SAFETY PLANNING AND PROCESS IMPLEMENTATION, LEGAL SERVICES, OR WHOLE FARM PLANNING. SUPPORTING THE LOCAL FOOD ECONOMY. SEED CAPITAL KY CONDUCTS RESEARCH AND PROVIDES OTHER SUPPORT FOR THE DEVELOPMENT AND EXPANSION OF VARIOUS FOOD BUSINESSES AND INFRASTRUCTURE, INCLUDING LOCAL FOOD AGGREGATION AND DISTRIBUTION SYSTEMS. SEED CAPITAL KY'S LARGEST PROJECT WAS THE WEST LOUISVILLE FOODPORT. HOWEVER, ONCE THE LARGEST TENANT PULLED OUT OF THE PROJECT, IT WAS DETERMINED THAT THE PROJECT WAS NO LONGER FEASIBLE. THE CONSTRUCTION COSTS AND OTHER PROJECT COSTS HAVE BEEN WRITTEN OFF DURING 2016.
SEED CAPITAL KY SERVES AS THE FISCAL SPONSOR OF THE LOCAL FOOD ASSOCIATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Heine Project Dire | OfficerTrustee | 40 | $112,500 |
Stephen Reilly President | OfficerTrustee | 10 | $0 |
Augusta Brown Holland Board Member | Trustee | 1 | $0 |
John-Mark Hack Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,050 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,371,833 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,372,883 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,372,883 |
| 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. | $112,500 |
| Compensation of current officers, directors, key employees. | $11,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,047 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,731 |
| Payroll taxes | $13,062 |
| Fees for services: Management | $20,017 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,958 |
| Office expenses | $3,031 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,376 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,048 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,378 |
| All other expenses | $10,141 |
| Total functional expenses | $4,935,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,541 |
| Savings and temporary cash investments | $0 |
| 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 | $285 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,826 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $3,826 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $3,826 |