Suprseed Inc
- Assets
- $1.1m
- Revenue
- $502.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Los Angeles, CA
- Founding
- 04/2018
- Data as of
- 06/2021
- EIN
- 82-3768348
Organization Overview
Suprseed Inc is located in Los Angeles, CA. The organization was established in 2018. According to its NTEE Classification (K40) the organization is classified as: Nutrition, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2021, Suprseed Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suprseed 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 06/2021, Suprseed Inc generated $502.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 53.2% each year . All expenses for the organization totaled $174.8k during the year ending 06/2021. 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
SUPRSEED'S MISSION IS TO ERADICATE HEALTH INJUSTICE AND FOOD DESERTS IN AMERICA'S MAJOR CITIES BY 2040.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHMENT OF MORE THAN 1000 SQUARE FEET OF NEW HEALTHY RETAIL SPACE IN A SOUTH CENTRAL FOOD DESERT.
SUPRSEED, INC. PROVIDES AFFORDABLE ACCESS TO HEALTHY FOOD IN LOW-INCOME COMMUNITIES, SUPPORTS AN INCREASED SENSE OF PERSONAL HEALTH AND WELL-BEING THROUGH EVENTS AND EXPERIENCES, AND EDUCATES THE PUBLIC ABOUT HEALTHY EATING HABITS AND WELLNESS PRACTICES. AS A VEGAN ORGANIZATION, SUPRSEED, INC. DOES NOT PROMOTE OR PROVIDE ANIMAL PRODUCTS SUCH AS MEAT, DAIRY, EGGS. SUPRSEED ADMINISTERS PROGRAMS, GIVEAWAYS, AND EDUCATIONAL SERVICES TO SUPPORT AND PROMOTE HEALTHY EATING IN LOW INCOME COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olympia Auset Pres./exec. Dir | Officer | 57 | $6,550 |
Serena J Cox Treasurer | Officer | 7 | $0 |
Brittany Green Secretary | Officer | 5 | $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 | $442,976 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $442,976 |
| Total Program Service Revenue | $59,758 |
| Investment income | $0 |
| 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 | $502,734 |
| 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. | $6,550 |
| Compensation of current officers, directors, key employees. | $1,638 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,767 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86 |
| Payroll taxes | $900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,035 |
| Fees for services: Accounting | $125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,657 |
| Advertising and promotion | $9,806 |
| Office expenses | $3,538 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,550 |
| Travel | $1,805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,277 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,820 |
| All other expenses | $28,390 |
| Total functional expenses | $174,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,303 |
| Savings and temporary cash investments | $50,000 |
| 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 | $696,935 |
| Investments—publicly traded securities | $25,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,107,238 |
| Accounts payable and accrued expenses | $0 |
| 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 | $568,750 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,928 |
| Total liabilities | $597,678 |
| Net assets without donor restrictions | $0 |
| 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 | $509,560 |
| Total liabilities and net assets/fund balances | $1,107,238 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Suprseed Inc has recieved totaling $220,438.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Food Security | $50,000 |
Butterfly Equity Foundation Beverly Hills, CA PURPOSE: GENERAL OPERATING SUPPORT | $45,000 |
Pincus Family Foundation Wilmington, DE PURPOSE: ORGANIC GROCERY STORE AND TO BUILD THE CAPACITY OF SUPERSEED'S PROGRAMS IN PROMOTING HEALTHIER LIFESTYLES IN SOUTH CENTRAL LA | $35,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,438 |
Reissa Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foodcorps Inc Portland, OR | $12,763,408 | $17,638,909 |
St Vincent Senior Citizen Nutrition Program Inc Los Angeles, CA | $40,415,031 | $11,098,361 |
Child Nutrition Program Of Southern California Inc La Mesa, CA | $1,219,764 | $5,741,090 |
Northwest Nutrition Service Portland, OR | $584,631 | $4,695,519 |
Pinnacle Prevention Corp Chandler, AZ | $169,925 | $4,037,332 |
Evergreen Child Care Inc Los Angeles, CA | $626,022 | $3,738,468 |
B J Enterprises Scottsdale, AZ | -$10,591 | $3,083,014 |
Institute For Natural Resources Concord, CA | $9,735,820 | $4,547,683 |
Mendocino Food And Nutrition Program Fort Bragg, CA | $2,084,140 | $2,174,625 |
Fresh Approach Concord, CA | $1,540,287 | $2,423,475 |
Shasta Senior Nutrition Program Redding, CA | $0 | $2,011,555 |
Better Food Foundation Portland, OR | $411,047 | $1,625,517 |