City Seed Inc
- Assets
- $742.8k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 26
- Location
- New Haven, CT
- Founding
- 05/2005
- Data as of
- 01/2024
- EIN
- 83-0397621
Organization Overview
City Seed Inc is located in New Haven, CT. The organization was established in 2005. 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 01/2024, City Seed Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City 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 01/2024, City Seed Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $1.2m during the year ending 01/2024. While expenses have increased by 14.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE THE COMMUNITY IN GROWING AN EQUITABLE, LOCAL FOOD SYSTEM THAT SUPPORTS ECONOMIC DEVELOPMENT, COMMUNITY DEVELOPMENT AND SUSTAINABLE AGRICULTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE LAUNCHING THE CITY'S FIRST FARMERS MARKET IN 2004, WE HAVE GROWN A NETWORK OF YEAR-ROUND MARKETS THAT CONNECT OVER 60 CONNECTICUT FARMERS AND PRODUCERS TO 60,000 CUSTOMERS, BUILDING INCLUSIVITY BY ACCEPTING ALL NUTRITION SUPPORT BENEFITS AND BRINGING MARKETS TO UNDER-RESOURCED NEIGHBORHOODS. CITYSEED'S FARMERS MARKETS OFFER A PLATFORM, ALONG WITH SUBSIDIZED VENDING FEES AND NO-COST MARKET KITS, FOR LOCAL BUSINESSES, ENTREPENEURS, AND FARMERS TO EXHIBIT AND SELL THEIR PRODUCTS, PRIORITIZING THOSE FROM NEW HAVEN NEIGHBORHOODS AND THUS CIRCUMVENTING BARRIERS TO ENTRY THAT RISING ENTREPENEURS, ESPECIALLY ENTREPENEURS OF COLOR, MAY FACE. IN 2022, OUR MARKETS REDEEMED $65,000+ IN NUTRITION PROGRAM INVENTIVES FOR VULNERABLECOMMUNITY MEMBERS (SENIOURS, CHILDREN, MOTHERS AND LOW-INCOME FAMILIES); AND LAUNCHED THE DIXWELL COMMUNITY HOUSE MARKET IN PARTNERSHIP WITH COMMUNITY COLLABORATORS TO PROVIDE ACCESS TO FRESH LOCAL FOOD, ENTREPRENEURIAL BUSINESSES, AND ART IN THIS UNDERSERVED, BLACK NEIGHBORHOOD.
CITYSEED PROVIDES FOOD BUSINESS INCUBATION SERVICES AND ACCESS TO COMMERCIAL KITCHEN SPACE.
SANCTUARY KITCHEN SUPPORTS REFUGEE AND IMMIGRANT CHEFS AND FOOD ENTREPRENEURS RESETTLING IN NEW HAVEN WHILE BUILDING INTERCULTURAL UNDERSTANDING IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Heitamn Vice President | OfficerTrustee | 1 | $0 |
Christine Kim Chair | OfficerTrustee | 1 | $0 |
Ashley Moore Secretary | OfficerTrustee | 1 | $0 |
Yvette Houghton Treasurer | OfficerTrustee | 1 | $0 |
Lisa Bassani Governance Chair | OfficerTrustee | 1 | $0 |
Luis Chavez-Brummell Board Member | Trustee | 1 | $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 | $1,034,419 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,034,419 |
| Total Program Service Revenue | $365,579 |
| Investment income | $2,866 |
| 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 | $1,402,864 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $718,990 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,790 |
| Payroll taxes | $59,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $197,887 |
| Advertising and promotion | $0 |
| Office expenses | $14,050 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,924 |
| Travel | $2,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,136 |
| Insurance | $3,931 |
| All other expenses | $19,845 |
| Total functional expenses | $1,228,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,512 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,429 |
| Accounts receivable, net | $70,894 |
| 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 | $4,391 |
| Net Land, buildings, and equipment | $409,346 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,271 |
| Total assets | $742,843 |
| Accounts payable and accrued expenses | $20,614 |
| Grants payable | $0 |
| Deferred revenue | $416,861 |
| 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 | $6,077 |
| Total liabilities | $443,552 |
| Net assets without donor restrictions | $299,291 |
| 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 | $742,843 |