North Carolina Seedsmens Association
Nonprofit profile at a glance
- EIN
- 581318199
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025
- Location
- Garner, NC, USA
- Phone
- 9195133443
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Agricultural Programs
Reported finances
- Revenue
- $75,144
- Expenses
- $114,300
- Assets
- $138,832
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Phil Farmer (Executive Director)
- Dawson Rascoe (President)
- Adam Lassiter (1st Vice-President)
- Matt Lassiter (2nd Vice-President)
People named in this filing
- Phil Farmer (Executive Director)
- Dianne Coats (Secretary-Treasurer)
- Dawson Rascoe (President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Convention Education Courses for Members $35117
What it reported doing in 2025
Convention and education courses for seed trade members $35117
Operating model
- Revenue model
- Earned-program. 81% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 41
- Transparency & Controls: 82
- Sustainability: 30
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 46.7%; rating input score 47
- Program expense ratio: 30.7%; rating input score 31
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -52.1%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 1.21; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 7.3%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 6.5% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 9.1% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: -2% per year; rating input score 0; 31st percentile among comparable filings
Details
- Where the money goes: 46.7% of revenue deployed · 30.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $35K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 1 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
- Moderate — Financial Efficiency: Program expense ratio scored 31/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 12/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- High — Sustainability: Officer compensation ratio scored 11/100.