Sowing Seeds Of Hope Inc
- Assets
- $397.7k
- Revenue
- $472.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Marion, AL
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 63-1275573
Organization Overview
Sowing Seeds Of Hope Inc is located in Marion, AL. The organization was established in 2002. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Sowing Seeds Of Hope Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sowing Seeds Of Hope 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 12/2021, Sowing Seeds Of Hope Inc generated $472.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $352.5k during the year ending 12/2021. While expenses have increased by 7.9% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE PHYSICAL, ECONOMIC, SPIRITUAL, AND SOCIAL ENVIRONMENT OF PERRY COUNTY, ALABAMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE PHYSICAL, ECONOMIC, SPIRITUAL, AND SOCIAL ENVIRONMENT OF PERRY COUNTY, ALABAMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ford Frances Executive Director | Officer | 40 | $21,318 |
Moore Mary President | OfficerTrustee | 1 | $0 |
Richardson Er Treasurer | OfficerTrustee | 1 | $0 |
Heard III John Director | Trustee | 1 | $0 |
Byrd Terri Director | Trustee | 1 | $0 |
Dennison Angela Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $188,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $267,473 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $455,759 |
| Total Program Service Revenue | $0 |
| Investment income | $131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $472,162 |
| 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. | $21,318 |
| Compensation of current officers, directors, key employees. | $3,411 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,295 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,575 |
| Payroll taxes | $7,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,637 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,667 |
| Advertising and promotion | $812 |
| Office expenses | $26,147 |
| Information technology | $5,478 |
| Royalties | $0 |
| Occupancy | $14,306 |
| Travel | $7,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,538 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,700 |
| Insurance | $6,948 |
| All other expenses | $248 |
| Total functional expenses | $352,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,849 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140 |
| 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 | $0 |
| Net Land, buildings, and equipment | $168,692 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $397,681 |
| Accounts payable and accrued expenses | $7,143 |
| 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 | $7,143 |
| Net assets without donor restrictions | $390,538 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $397,681 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Sowing Seeds Of Hope Inc has recieved totaling $38,119.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Housing and Transportation | $25,000 |
Black Belt Community Foundation Inc Selma, AL PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
Alabama Power Foundation Inc Birmingham, AL PURPOSE: GENERAL/OPERATING | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $119 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Enterprises Of Florida Inc Fort Lauderdale, FL | $57,300,786 | $6,602,797 |
The Housing League Inc Vero Beach, FL | $4,626,123 | $3,771,376 |
Habitat For Humanity Of The Mississippi Gulf Coast Inc Gulfport, MS | $25,008,031 | $3,694,926 |
Promise Development Corporation Memphis, TN | $5,823,077 | $3,033,896 |
Northwest Jacksonville Community Development Corporation Jacksonville, FL | $9,692,775 | $1,930,316 |
Housing Programs Inc North Miami Beach, FL | $1,290,824 | $448,240 |
Champions Community Foundation Inc Johns Creek, GA | $6,758,980 | $1,049,035 |
Community Housing Services Agency Inc Savannah, GA | $5,401,354 | $1,041,756 |
Metro Changers Birmingham, AL | $276,347 | $466,179 |
Greystone Power Foundation Inc Douglasville, GA | $26,542 | $409,762 |
Moving Up Collaborative Birmingham, AL | $1,684,770 | $987,278 |
Sowing Seeds Of Hope Inc Marion, AL | $397,681 | $472,162 |