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Nonprofiteer
← SEMILLA NUEVA

Form 990 for tax year 2024

Filed by SEMILLA NUEVA.

Totals

Total revenue
$4,424,281
Total expenses
$4,961,918
Contributions and grants received
$4,159,963
Grants paid
$0
Program service revenue
$130,903
Investment income
$133,415
Other revenue
$0
Total assets, end of year
$2,918,240
Total liabilities, end of year
$315,180
Net assets or fund balances, end of year
$2,603,060
Program services expenses (Part IX)
$3,980,494
Management and general expenses
$600,322
Fundraising expenses
$381,102
Program service expenses (Part III)
$3,980,494

Program services were 80.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $447,613

  • 1f · All other contributions, gifts and grants

    $3,712,350

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Program activities

    total $130,807 · related or exempt $130,807 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $96 · related or exempt $96 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $133,415 · related or exempt $0 · unrelated business $0 · excluded $133,415

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $365,765 · program services $238,867 · management and general $125,197 · fundraising $1,701

  • 7 · Other salaries and wages

    total $1,236,087 · program services $846,695 · management and general $152,652 · fundraising $236,740

  • 9 · Other employee benefits

    total $315,392 · program services $254,451 · management and general $33,926 · fundraising $27,015

  • 10 · Payroll taxes

    total $100,367 · program services $73,443 · management and general $22,068 · fundraising $4,856

  • 11a · Fees: management

    total $31,361 · management and general $31,361

  • 11b · Fees: legal

    total $14,354 · management and general $14,354

  • 11c · Fees: accounting

    total $12,683 · management and general $12,683

  • 11g · Fees: other

    total $421,431 · program services $363,540 · management and general $370 · fundraising $57,521

  • 12 · Advertising and promotion

    total $31,905 · program services $31,905

  • 13 · Office expenses

    total $170,591 · program services $22,775 · management and general $118,633 · fundraising $29,183

  • 14 · Information technology

    total $3,408 · management and general $3,408

  • 16 · Occupancy

    total $69,369 · program services $18,483 · management and general $50,886

  • 17 · Travel

    total $364,182 · program services $354,193 · management and general $5,890 · fundraising $4,099

  • 22 · Depreciation, depletion and amortization

    total $12,690 · program services $9,806 · management and general $2,884

  • 24a · Other expenses: Field crops activities

    total $1,760,518 · program services $1,760,518 · management and general $0 · fundraising $0

  • 24b · Other expenses: Taxes

    total $37,758 · program services $5,818 · management and general $11,953 · fundraising $19,987

  • 24c · Other expenses: Others Expenses

    total $14,057 · program services $0 · management and general $14,057 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $401,521 · end of year $263,315

  • 2 · Savings and temporary cash investments

    beginning of year $2,707,359 · end of year $2,122,241

  • 4 · Accounts receivable

    beginning of year $240,355 · end of year $470,381

  • 8 · Inventories for sale or use

    beginning of year $14,211 · end of year $20,388

  • 10a · Land, buildings and equipment: cost or other basis

    $126,686

  • 10b · Land, buildings and equipment: accumulated depreciation

    $85,722

  • 10c · Land, buildings and equipment, net

    beginning of year $53,655 · end of year $40,964

  • 14 · Intangible assets

    beginning of year $952 · end of year $951

  • 17 · Accounts payable and accrued expenses

    beginning of year $194,157 · end of year $315,180

  • 27 · Net assets without donor restrictions

    beginning of year $2,756,161 · end of year $2,014,789

  • 28 · Net assets with donor restrictions

    beginning of year $467,735 · end of year $588,271

Mission and programs · 2024

Mission

We are dedicated to providing real impact for those that need it most. We aim to improve the incomes of hundreds of thousands of farming families and the nutrition of millions.

Activities or mission (Part I)

Semilla Nueva develops high-yielding, climate-resilient maize seeds that have been conventionally bred (non-GMO) to have higher levels of the most important missing nutrients: zinc, iron, and quality protein to improve the incomes of farming families and their nutrition.

  • All expenses related to the research, development, production, commercialization, and marketing of biofortified maize seeds and the field team's travel expenses.

    Expenses $3,980,494 · Revenue $4,424,281

As filed on the 2024 return.

Listed in Part VII

  • Federico Fiallos

    Chief Operation Officer

    Total calculated
    $143,684
    From this org
    $143,684
    From related orgs
    $0
    Other
    $0
    Hours/week
    48

  • Richard Knab

    Former Director of Development

    Total calculated
    $106,497
    From this org
    $106,497
    From related orgs
    $0
    Other
    $0
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $106,497
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,749
    Filer's total
    $128,246

  • Maria Cruz

    Chief Financial Officer

    Total calculated
    $102,141
    From this org
    $102,141
    From related orgs
    $0
    Other
    $0
    Hours/week
    48

  • Curt Bowen

    Executive Director

    Total calculated
    $94,744
    From this org
    $94,744
    From related orgs
    $0
    Other
    $0
    Hours/week
    48

  • Dave Smith

    Chairman

    Total calculated
    $0
    Hours/week
    5

  • Michael Summers

    Vice Chairman

    Total calculated
    $0
    Hours/week
    2

  • Dawn Hickman

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Maria Carrascosa

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Jacob Weinsenthal

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Hoadley

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Keith Andrews

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Elsa Murano

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sarah Hearne

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mario Garcia Lara

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Heather Danton

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Erick Boy

    Board Member

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.0
Source object
202543219349324304

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