Mustard Seed Foundation
- Assets
- $964.1k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 07/2001
- Data as of
- 12/2022
- EIN
- 61-1390910
Organization Overview
Mustard Seed Foundation is located in Lexington, KY. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 12/2022, Mustard Seed Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 6.3% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR TEAM IN THE MIDDLE EAST FOR LIVING & MINISTRY EXPENSES, AND AN INTERN TRAINING PROGRAM TO TRAIN FUTURE STAFF WORKERS FOR VARIOUS CAMPUS LOCATIONS IN ARABIAN PENINSULA.
IN PURSUIT OF ITS GOAL OF ESTABLISHING SUSTAINABLE AND INDEPENDENT COMMUNITIES IN UGANDA, THE FOUNDATION IS FUNDING A FEASIBILITY STUDY FOR THE DEVELOPMENT, CONSTRUCTION, AND OPERATION OF A RENEWABLE ENERGY, ELECTRICITY GENERATION POWER PLANT IN UGANDA THAT WILL EMPLOY THE PEOPLE OF UGANDA AND PRIVIDE NEEDED RESOURCES AND INFRASTRUCTURE FOR THOSE COMMUNITIES AND THEIR BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Sawyer Director | 4 | $0 | |
Rick Ifland Chairman | 4 | $0 | |
Robert V Sartin Director | 2 | $0 | |
Thetford H Callahan Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,733,450 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,733,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $190 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,704 |
| Total operating and administrative expenses | $43,614 |
| Contributions, gifts, grants paid | $1,597,368 |
| Total expenses and disbursements | $1,640,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $964,134 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $964,134 |
| 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 | $0 |
| Total liabilities | $0 |