Mustard Seed Foundation
- Assets
- $4.8m
- Revenue
- $4.6m
- Investments
- $4.7m
- Employees
- 0
- Location
- Salisbury, MD
- Founding
- 09/1987
- Data as of
- 11/2023
- EIN
- 52-1492276
Organization Overview
Mustard Seed Foundation is located in Salisbury, MD. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mustard Seed Foundation 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 11/2023, Mustard Seed Foundation generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 56.2% each year . All expenses for the organization totaled $271.6k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mustard Seed Foundation has awarded 264 individual grants totaling $1,890,465. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S SOLE ACTIVITY IS MAKING GRANTS TO OTHER CHARITIES. IT HAS NO DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Spedden Pres/directo | 0 | $0 | |
Yvonne A Matthews Vp/director | 0 | $0 | |
Ralph Scott Director | 0 | $0 | |
Blake Wise Director | 0 | $0 | |
Tyrus Farrow Secretary/di | 0 | $1,910 | |
Jeanine Scott Treasurer | 0 | $1,084 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,355,503 |
| Interest on Savings | $0 |
| Dividends & Interest | $110,097 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $101,009 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,566,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,994 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,519 |
| Depreciation | $324 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,553 |
| Total operating and administrative expenses | $38,263 |
| Contributions, gifts, grants paid | $233,375 |
| Total expenses and disbursements | $271,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,849 |
| Savings and temporary cash investments | $24,554 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $487 |
| Other assets | $0 |
| Total assets | $4,752,034 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,519 |
| Total liabilities | $1,519 |
Grants Awarded
Over the last fiscal year, Mustard Seed Foundation has awarded $233,375 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ADULT & TEEN CHALLENGE DELMARVA PURPOSE: COMMUNITY | $1,250 |
THE RIVER PURPOSE: RELIGIOUS | $16,800 |
BIBLE LEAGUE INTERNATIONAL PURPOSE: RELIGIOUS | $7,500 |
BREAD MINISTRIES PURPOSE: CHARITABLE | $1,440 |
CAMPUS CRUSADE FOR CHRIST PURPOSE: RELIGIOUS | $3,920 |
CBN ISRAEL PURPOSE: RELIGIOUS | $2,320 |