Feed & Seed Co

Nonprofit profile at a glance

EIN
471146394
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Greenville, SC, USA
Phone
8649799485
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Adult, Continuing Education

Official website

Reported finances

Revenue
$599,669
Expenses
$714,095
Assets
$2,334,642
Liabilities
$1,570,927

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • MARY HIPP (PRESIDENT AN)

People named in this filing

  • MARY HIPP (PRESIDENT AN)
  • TARYN SCHER (BOARD MEMBER)
  • TAZIA JOASTA YOUNG (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Through its facilities, networks and programs, we strive to improve the health and well-being of all citizens by increasing access to healthy foods; build a more environmentally sustainable food system; and stimulate economic growth by harnessing the power of food, farms and community.

What it reported doing in 2024

Activities and tangible works have included: development and launch of website and social media for communicating to the public and partnerships. Creation of documents conveying action areas and advocacies in our primary focus of farm, food and community development, articulating environmental, economic and social impacts. Development of partnerships and opening channels for institutional-scale use of locally produced farm produce. Working intimately with other advocacy organizatins to create efficient feedback and data channels for consumer demand, market response and mission measures. Development of a dhec-certified community kitchen which offers space for local food marketers in need of a commercial kitchen. Both the warehouse and the community kitchen are game changers for small farms and small-scale food businesses.

Operating model

Revenue model
Grant-funded. 97% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.9%; rating input score 57
  • Program expense ratio: 76.3%; rating input score 76
  • Fundraising efficiency: $309.51 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -19.1%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 3.27; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.67; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 29.9% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 19.5% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 27.1% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 56.9% of revenue deployed · 76.3% of spending went to programs
  • Governance: 3 of 3 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $545K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • High — Sustainability: Operating margin scored 10/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.