Suprseed Inc
- Assets
- $1.6m
- Revenue
- $582.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Los Angeles, CA
- Founding
- 04/2018
- Data as of
- 06/2022
- 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 06/2022, Suprseed Inc employed 2 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 06/2022, Suprseed Inc generated $582.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.6% each year . All expenses for the organization totaled $338.5k during the year ending 06/2022. 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
2022
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 2000 SQUARE FEET OF NEW HEALTHY RETAIL SPACE IN A SOUTHCENTRAL FOOD DESERT.
PROGRAMS, GIVEAWAYS, AND EDUCATIONAL SERVICES TO SUPPORT AND PROMOTE HEALTHY EATING IN LOW INCOME COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olympia Auset Pres./exec. Dir | Officer | 40 | $26,273 |
Brittany Green Secretary | Officer | 2 | $700 |
Michael Mitchell Board Member | Trustee | 2 | $0 |
Lakisha Mitchell Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $566,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $581,095 |
| Total Program Service Revenue | $1,738 |
| 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 | $582,833 |
| 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. | $26,973 |
| Compensation of current officers, directors, key employees. | $6,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,801 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,897 |
| Payroll taxes | $2,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $4,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,672 |
| Advertising and promotion | $1,080 |
| Office expenses | $4,708 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,158 |
| Travel | $12,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,313 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,500 |
| All other expenses | $19,552 |
| Total functional expenses | $338,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,551 |
| 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 | $121 |
| Prepaid expenses and deferred charges | $1,236 |
| Net Land, buildings, and equipment | $988,645 |
| Investments—publicly traded securities | $4,497 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,929 |
| Other assets | $0 |
| Total assets | $1,591,979 |
| 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 | $563,125 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $250,000 |
| Total liabilities | $813,125 |
| 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 | $778,854 |
| Total liabilities and net assets/fund balances | $1,591,979 |