The Mustard Seed Inc
- Assets
- $4.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 38
- Location
- Brandon, MS
- Founding
- 10/1981
- Data as of
- 04/2023
- EIN
- 64-0652510
Organization Overview
The Mustard Seed Inc is located in Brandon, MS. The organization was established in 1981. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 04/2023, Mustard Seed Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mustard Seed 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 04/2023, Mustard Seed Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.9m during the year ending 04/2023. While expenses have increased by 7.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CARE FOR ADULTS WITH DEVELOPMENTAL DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTA CERAMICS/ART WORKSHOP PROVIDING TRAINING AND ACTIVITY FOR GROUP HOME RESIDENTS AND OTHER NON-RESIDENTS TO PARTICIPATE IN.
ACTIVITY CENTERPROVIDES EDUCATIONAL AND OTHER TRAINING AND ACTIVITIES FOR RESIDENTS AND OTHER NON-RESIDENTS TO PARTICIPATE IN.
GROUP HOME - MENA GROUP HOME SERVING AN AVERAGE OF 7 ADULTS WITH DEVELOPMENTAL DISABILITIES, PROVIDING HOUSING, CARE AND SUPERVISION FOR RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn W Adams Executive Dir. | Trustee | 40 | $84,370 |
Tisha Cox Trustee | Trustee | 0 | $0 |
Jordan Gaspard Trustee | Trustee | 0 | $0 |
Wayne Nunnelee Past President | OfficerTrustee | 0 | $0 |
Anna Kate Hartman Treasurer | Trustee | 0 | $0 |
Price Davis President-Elect | OfficerTrustee | 0 | $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 | $771,042 |
| Noncash contributions included in lines 1a–1f | $8,340 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $771,042 |
| Total Program Service Revenue | $996,235 |
| Investment income | $2,879 |
| 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 | $1,799,335 |
| 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. | $84,370 |
| Compensation of current officers, directors, key employees. | $8,437 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $789,307 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,774 |
| Payroll taxes | $64,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,619 |
| Advertising and promotion | $55 |
| Office expenses | $3,036 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $150,860 |
| Travel | $4 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,478 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,778 |
| Insurance | $44,633 |
| All other expenses | $90,449 |
| Total functional expenses | $1,948,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,876 |
| Savings and temporary cash investments | $972,166 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,379,885 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $270,912 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,678,839 |
| Accounts payable and accrued expenses | $3,242 |
| 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 | $9,594 |
| Total liabilities | $12,836 |
| Net assets without donor restrictions | $3,526,850 |
| Net assets with donor restrictions | $1,139,153 |
| 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 | $4,678,839 |