Freedmen Heirs Foundation Inc

EIN: 853033433 501(c)(3) Food, Agriculture & Nutrition

Germantown, MD

Total Revenue
$727,399
Total Expenses
$692,917
Total Assets
$319,732
Net Assets
$313,516
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MD
Phone
2024060500
Tax Period
2025-01-01 to 2025-12-31

Freedmen Heirs Foundation Inc, founded in 2020, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $727K in total revenue in fiscal year 2025. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $693K left a modest 5% surplus.

Mission

Freedmen Heirs Foundation Inc. is a nonprofit organization with a mission to empower small and mid-sized farmers to build generational wealth by expanding market access, providing technical assistance, and enhancing financial resilience. The organization's vision is a future where small and mid-sized farmers build enduring wealth, leave a powerful legacy for future generations, and play a defining role in shaping the character and future of the U.S. agricultural sector. Freedmen Heirs Foundation creates pathways to economic mobility and generational wealth for small and mid-sized farming families through three core program pillars: FH-MAP, which equips farmers with the knowledge and tools needed to access higher-value markets; FARM, which supports cash flow management, budgeting, recordkeeping, and financial planning to build profitable and sustainable farm businesses; and the Legacy Initiative, which supports farmers in building generational wealth, leaving enduring legacies, and play

Program Service Accomplishments

Program 1
Expenses: $196,111

FARM (Financial and Revenue Management), which supports farmers in managing cash flow, budgeting, recordkeeping, and financial planning to build profitable and sustainable farm businesses

Program 2
Expenses: $167,663

FH-MAP (Freedmen Heirs Market Access Program), which equips farmers with the knowledge and tools needed to access and succeed in higher-value markets

Program 3
Expenses: $62,668

The Legacy Initiative, which supports farmers in building generational wealth, resolving succession challenges, and securing enduring land legacies for future generations.

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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 (2025)

Revenue Breakdown

Contributions & Grants $727,357
Program Service Revenue $0
Investment Income $42
Other Revenue $0
TOTAL REVENUE $727,399

Expense Breakdown

Grants Paid $11,075
Salaries & Benefits $558,667
Fundraising Expenses $0
Program Expenses $426,442
Other Expenses $123,175
TOTAL EXPENSES $692,917

Year-over-Year Comparison

2025 2024 Change
Revenue $727,399 $463,088 +0.6%
Expenses $692,917 $540,882 +0.3%
Net Income $34,482 $-77,794 -1.4%
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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Governance

Voting Members
4
Independent Members
5
Employees
6
Volunteers
N/A

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
1
$181,565
Total Directors
6
$181,565
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Seanicaa Herron CEO 40.00
Officer Director
$181,565 $0 $181,565
Sharlene Brown Management 40.00
$105,297 $0 $105,297
Ronald Rainey Director 5.00
Director
$0 $0 $0
Kelee James Director 10.00
Director
$0 $0 $0
Loutrina Staley Director 5.00
Director
$0 $0 $0
Karl Binns Director 5.00
Director
$0 $0 $0
Megan Rock Director 5.00
Director
$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
2025 $727,399 $692,917 $319,732 $34,482
2024 $463,088 $540,882 $279,034 $-77,794
2022 $199,484 $201,721 $542,763 $-2,237
2021 $549,532 $4,532 $545,001 $545,000
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