HARVEST SEED PROJECT FOUNDATION

EIN: 472377828 501(c)(3) Food, Agriculture & Nutrition

McKinney, TX

Total Revenue
$390,355
Total Expenses
$337,933
Total Assets
$468,920
Net Assets
$433,879
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
TX
Principal Officer
Rick Wells
Phone
2147941228
Tax Period
2024-01-01 to 2024-12-31

HARVEST SEED PROJECT FOUNDATION, founded in 2014, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $390K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $338K left a modest 13% surplus.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $328,540
Program Service Revenue $7,560
Investment Income $8,474
Other Revenue $45,781
TOTAL REVENUE $390,355

Expense Breakdown

Grants Paid $14,448
Salaries & Benefits $175,527
Fundraising Expenses $29,807
Program Expenses $241,495
Other Expenses $147,958
TOTAL EXPENSES $337,933

Year-over-Year Comparison

2024 2023 Change
Revenue $390,355 $425,529 -0.1%
Expenses $337,933 $367,989 -0.1%
Net Income $52,422 $57,540 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
100

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
6
$20,328
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Megan Neubauer Secretary 2
Director
$11,548 $0 $11,548
Vicki Deerman Treasurer 10
Director
$8,780 $0 $8,780
Andrea Shackelford Vice President 2
Officer Director
$0 $0 $0
Carissa Bleeker Director 1
Director
$0 $0 $0
Michael Dorff Director 1
Director
$0 $0 $0
Steve Lambouses Director 1
Director
$0 $0 $0
Rick Wells President 10
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $390,355 $337,933 $468,920 $52,422
2023 $425,529 $367,989 $412,258 $57,540
2022 $374,161 $520,468 $363,373 $-146,307
2021 $391,699 $254,199 $459,609 $137,500
2020 $410,753 $335,013 $310,952 $75,740
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