Harvest Seed Project Foundation
- Assets
- $412.3k
- Revenue
- $425.5k
- Investments
- $0.0
- Employees
- 0
- Location
- McKinney, TX
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-2377828
Organization Overview
Harvest Seed Project Foundation, operating under the name Seed Project Foundation and McKinney Roots, is located in McKinney, TX. The organization was established in 2015. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, 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. Seed Project Foundation and McKinney Roots 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 12/2023, Seed Project Foundation and McKinney Roots generated $425.5k in total revenue. All expenses for the organization totaled $368.0k during the year ending 12/2023. While expenses have increased by 93.5% per year over the past 6 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.
Since 2020, Seed Project Foundation and McKinney Roots has awarded 22 individual grants totaling $206,206. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SEED PROJECT FOUNDATION (SPF) FUNDS EDUCATIONAL, AGRICULTURAL, AND COMMUNITY INITIATIVES THAT SUPPORT SUSTAINABILITY. SUSTAINABILITY IS A SOCIAL CHALLENGE THAT IMPROVES THE CURRENT QUALITY OF LIFE WITHOUT COMPROMISING FUTURE GENERATIONS. THE FOUNDATION WAS ESTABLISHED ON THE PREMISE THAT FUNDING SUSTAINABLE IDEAS TODAY WILL SUPPORT ECOLOGICAL AND SOCIAL BALANCE IN THE FUTURE. PROVIDING SEED MONEY FOR CAUSES THAT ENHANCE THE PRINCIPLES OF SUSTAINABILITY IS OUR MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO PROVIDE ENHANCED EDUCATION, FARMING, AND COMMUNITY. ORGANIZATIONS INCLUDE MCKINNEY HIGH SCHOOL GARDENS, COUNCIL FOR HEALTHY FOOD SYSTEMS, COLLIN AG SUPPORT FUND AND VOLUNTEER MCKINNEY.
COMMUNITY SPECIAL NEEDS ASSISTANCE
MCKINNEY ROOTS IS A FOOD DONATION FARM THAT CONTRIBUTES FRESH PRODUCE AND EGGS TO THOSE WHO NEED IT.
SYMPOSIUM - SEMI ANNUAL NETWORKING EVENTS FOR FARMERS, RANCHERS, ARTISANS, CHEFS, RESTAURATEURS, AND FOOD ADVOCATES. PROVIDES EDUCATION AND NETWORKING OPPORTUNITIES TO IMPACT THE LOCAL FOOD COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Neubauer Executive Director | Trustee | 9 | $19,920 |
Vicki Deerman Treasurer | Trustee | 6 | $9,380 |
Rick Wells President | Trustee | 4 | $0 |
Andrea Shackelford Vice President | Trustee | 1 | $0 |
Janie Pena Director | Trustee | 1 | $0 |
Carissa Bleeker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $226,169 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $135,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,882 |
| Total Program Service Revenue | $0 |
| Investment income | $624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $63,023 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $425,529 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,413 |
| Grants and other assistance to domestic individuals. | $1,163 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $167,802 |
| Compensation of current officers, directors, key employees. | $19,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,796 |
| Payroll taxes | $8,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,526 |
| Advertising and promotion | $5,299 |
| Office expenses | $199 |
| Information technology | $6,480 |
| Royalties | $0 |
| Occupancy | $13,129 |
| Travel | $35 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $371 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,209 |
| Insurance | $1,349 |
| All other expenses | $0 |
| Total functional expenses | $367,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,427 |
| 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 | $114,271 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $412,258 |
| Accounts payable and accrued expenses | $7,772 |
| 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 | $20,506 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,278 |
| Net assets without donor restrictions | $280,695 |
| Net assets with donor restrictions | $103,285 |
| 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 | $412,258 |
Grants Awarded
Over the last fiscal year, Harvest Seed Project Foundation has awarded $15,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS FUNGUS PURPOSE: To assist in recovery of farm losses from freezing weather | $5,200 |
HA FARM PURPOSE: Assistance to recover from winter storm damage | $10,000 |