Feed & Seed Co
- Assets
- $2.6m
- Revenue
- $595.5k
- Investments
- $0.0
- Employees
- 24
- Location
- Greenville, SC
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 47-1146394
Organization Overview
Feed & Seed Co is located in Greenville, SC. The organization was established in 2016. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2022, Feed & Seed Co employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Feed & Seed Co 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 12/2022, Feed & Seed Co generated $595.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $793.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH ITS FACILITIES, NETWORKS, AND PROGRAMS, WE STRIVE TO IMPROVE THE HEALTH AND WELL-BEING OF ALL CITIZENS BY INCREASING ACCESS TO HEALTHY FOODS; BUILD A MORE ENVIRONMENTALLY SUSTAINABLE FOOD SYSTEM; AND STIMULATE ECON GROWTH BY HARNESSING THE POWER OF FOOD, FARMS, COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES AND TANGIBLE WORKS HAVE INCLUDED: DEVELOPMENT AND LAUNCH OF WEBSITE AND SOCIAL MEDIA FOR COMMUNICATING TO THE PUBLIC AND PARTNERSHIPS. CREATION OF DOCUMENTS CONVEYING ACTION AREAS AND ADVOCACIES IN OUR PRIMARY FOCUSES OF FARM, FOOD AND COMMUNITY DEVELOPMENT, ARTICULATING ENVIRONMENTAL, ECONOMIC AND SOCIAL IMPACTS. DEVELOPMENT OF PARTNERSHIPS AND OPENING CHANNELS FOR INSTITUTIONAL-SCALE USE OF LOCALLY PRODUCED FARM PRODUCE. WORKING INTIMATELY WITH OTHER ADVOCACY ORGANIZATIONS TO CREATE EFFICIENT FEEDBACK AND DATA CHANNELS FOR CONSUMER DEMAND, MARKET RESPONSE AND MISSION MEASURES. DEVELOPMENT OF A PROCESSING FACILITY FOR THE USDA FSIS HANDLING OF FARM PRODUCTS. DEVELOPMENT OF A DHEC-CERTIFIED COMMUNITY KITCHEN WHICK OFFERS SPACE FOR LOCAL FOOD MARKETERS IN NEED OF A COMMERCIAL KITCHEN. BOTH THE WAREHOUSE AND THE COMMUNITY KITCHEN ARE GAME CHANGERS FOR SMALL FARMS AND SMALL-SCALE FOOD BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taryn Scher Board Member | Trustee | 2 | $0 |
Cindy Faber Smith Board Member | OfficerTrustee | 2 | $0 |
Mary Hipp President And Treasurer | OfficerTrustee | 40 | $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 | $612,743 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,743 |
| Total Program Service Revenue | $240,298 |
| Investment income | $43 |
| 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 | -$257,596 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $595,488 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $291,248 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $172,605 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,046 |
| Information technology | $28,486 |
| Royalties | $0 |
| Occupancy | $203,902 |
| Travel | $0 |
| 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 | $68,423 |
| Insurance | $3,290 |
| All other expenses | $5,260 |
| Total functional expenses | $793,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,676 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,575 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,027 |
| Prepaid expenses and deferred charges | $77,912 |
| Net Land, buildings, and equipment | $939,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,476,761 |
| Other assets | $0 |
| Total assets | $2,604,756 |
| Accounts payable and accrued expenses | $15,527 |
| 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 | $1,731,778 |
| Total liabilities | $1,747,305 |
| Net assets without donor restrictions | $70,000 |
| Net assets with donor restrictions | $787,451 |
| 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 | $2,604,756 |