Freedmen Heirs Foundation Inc
- Assets
- $545.0k
- Revenue
- $549.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Silver Spring, MD
- Founding
- Data as of
- 12/2021
- EIN
- 85-3033433
Organization Overview
Freedmen Heirs Foundation Inc is located in Silver Spring, MD. According to its NTEE Classification (K01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedmen Heirs Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND ENHANCE THE PROMINENCE, PROFITABILITY, AND SUSTAINABILITY OF BLACK AMERICANS IN AGRICULTURE ACROSS ALL SECTORS & AT EVERY LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE SUPPLIER DIVERSITY INITIATIVE WITH SWEETGREEN, WE ADDRESSED THE IMPACTS OF THE PANDEMIC ON BLACK GROWERS AND THOSE INTERESTED IN DIVERSIFYING THEIR MARKETING CHANNELS IN ORDER TO IMPROVE THEIR ECONOMIC RESILIENCE. WE BEGAN THE DEVELOPMENT OF A DATABASE OF BLACK GROWERS AND POTENTIAL BUYERS, AND WILL SEEK TO MATCH THE TWO. WE PILOT STUDIED TO DETERMINE THE FEASIBILITY OF A CONSUMER-FACING LABEL THAT WILL ALLOW CUSTOMERS TO IDENTIFY AND PURCHASE PRODUCE AND INGREDIENTS THAT ARE GROWN BY BLACK FARMERS AND ?GROWN IN BLACK SOIL? (GIBS)TM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Rainey President | Officer | 0 | $0 |
Kelee James Treasurer | Officer | 0 | $0 |
Seanicaa Herron Secretary | Officer | 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 | $534,421 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $534,421 |
| Total Program Service Revenue | $15,000 |
| Investment income | $111 |
| 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 | $549,532 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $2,388 |
| Advertising and promotion | $0 |
| Office expenses | $1,121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,023 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,484 |
| Savings and temporary cash investments | $376,196 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,321 |
| Other assets | $0 |
| Total assets | $545,001 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $1 |
| Net assets without donor restrictions | $545,000 |
| 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 | $545,001 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Freedmen Heirs Foundation Inc has recieved totaling $338,525.
| Awarding Organization | Amount |
|---|---|
Incite Labs Inc San Francisco, CA PURPOSE: SUPPORT | $100,000 |
Climate Cousins Foundation New York, NY PURPOSE: GENERAL | $100,000 |
Mitchell Kapor Foundation Oakland, CA PURPOSE: FISCAL SPONSORSHIP - GRANT CLOSING SPONSORSHIP | $98,525 |
Yagan Family Foundation Boulder, CO PURPOSE: RACIAL JUSTICE | $25,000 |
Climate Cousins Foundation New York, NY PURPOSE: GENERAL | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Frozen Food Institute Arlington, VA | $7,575,438 | $4,093,071 |
Center For Food Safety Washington, DC | $3,028,407 | $4,782,800 |
National Farmers Union Foundation Washington, DC | $576,906 | $1,575,455 |
Seafood Nutrition Partnership Arlington, VA | $1,496,586 | $650,122 |
Root Cause Coalition Washington, DC | $595,522 | $781,127 |
Pennsylvania Dairymens Association Inc Palmyra, PA | $1,660,561 | $664,530 |
Hunters Sharing The Harvest Inc Greenville, PA | $332,725 | $524,438 |
Coalition On Agricultural Greenhouse Gases Falls Church, VA | $0 | $17,040 |
Minority & Veteran Farmers Of The Piedmont Ruckersville, VA | $113,405 | $155,107 |
Whitehall-Coplay Hunger Initiative Whitehall, PA | $193,976 | $69,036 |
Virginia Farmers Market Association Midlothian, VA | $22,221 | $0 |
Just Harvest A Center For Action Against Hunger Pittsburgh, PA | $47,312 | $55,098 |