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← SEEDS OF MUSTARD MINISTRIES CORPORATION

Form 990 for tax year 2022

Filed by SEEDS OF MUSTARD MINISTRIES CORPORATION.

Totals

Total revenue
$2,129,492
Total expenses
$1,634,125
Contributions and grants received
$298,449
Grants paid
$81,404
Program service revenue
$1,814,625
Investment income
$0
Other revenue
$16,418
Total assets, end of year
$1,068,519
Total liabilities, end of year
$8,179
Net assets or fund balances, end of year
$1,060,340
Program services expenses (Part IX)
$1,564,772
Management and general expenses
$69,353
Fundraising expenses
$0
Program service expenses (Part III)
$1,564,772

Program services were 95.8% 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.

  • 1e · Government grants (contributions)

    $211,003

  • 1f · All other contributions, gifts and grants

    $87,446

  • 2a · Program service revenue: THRIFT'N GIFT STORE

    total $1,334,271 · related or exempt $1,334,271

  • 2b · Program service revenue: CHAPLAIN SERVICES

    total $480,354 · related or exempt $480,354

  • 6a · Gross rents

    real property $15,555

  • 6b · Less rental expenses

    real property $2,970

  • 6c · Rental income or loss

    real property $12,585

  • 6d · Net rental income or loss

    total $12,585 · excluded $12,585

  • 11a · Other revenue: OTHER REVENUE

    total $3,833 · related or exempt $3,833

  • 11e · Other revenue, total

    $3,833

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $62,150 · program services $62,150

  • 3 · Grants to foreign organizations and individuals

    total $19,254 · program services $19,254

  • 5 · Compensation of officers, directors and key employees

    total $260,555 · program services $247,527 · management and general $13,028

  • 7 · Other salaries and wages

    total $544,139 · program services $516,932 · management and general $27,207

  • 10 · Payroll taxes

    total $252,440 · program services $239,818 · management and general $12,622

  • 11b · Fees: legal

    total $827 · program services $827

  • 11c · Fees: accounting

    total $1,400 · program services $1,400

  • 11g · Fees: other

    total $18,639 · program services $14,945 · management and general $3,694

  • 12 · Advertising and promotion

    total $39,463 · program services $39,463

  • 13 · Office expenses

    total $31,189 · program services $29,630 · management and general $1,559

  • 14 · Information technology

    total $3,603 · program services $3,423 · management and general $180

  • 16 · Occupancy

    total $226,096 · program services $226,096

  • 17 · Travel

    total $6,192 · program services $5,883 · management and general $309

  • 19 · Conferences, conventions and meetings

    total $17,829 · program services $16,938 · management and general $891

  • 20 · Interest

    total $203 · management and general $203

  • 23 · Insurance

    total $10,805 · program services $10,292 · management and general $513

  • 24a · Other expenses: PROPERTY TAXES

    total $38,768 · program services $38,768

  • 24b · Other expenses: SALES TAX

    total $38,642 · program services $38,642

  • 24c · Other expenses: MERCHANT FEES

    total $28,217 · program services $28,217

  • 24d · Other expenses: MISCELLANEOUS

    total $14,935 · program services $7,467 · management and general $7,468

  • 24e · All other expenses

    total $18,779 · program services $17,100 · management and general $1,679

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $763,913 · end of year $1,021,600

  • 8 · Inventories for sale or use

    beginning of year $4,008 · end of year $4,008

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

    $51,357

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

    $13,999

  • 10c · Land, buildings and equipment, net

    beginning of year $37,358 · end of year $37,358

  • 15 · Other assets

    beginning of year $112,725 · end of year $5,553

  • 24 · Unsecured notes and loans payable

    beginning of year $7,300

  • 25 · Other liabilities

    beginning of year $345,731 · end of year $8,179

  • 27 · Net assets without donor restrictions

    beginning of year $564,973 · end of year $1,060,340

Mission and programs · 2022

Mission

SUPPORTING THE NEEDS OF CHILDREN AND FAMILIES IN CRISIS SITUATIONS BY PROVIDING FUNDING TO OTHER LIKE-MINDED ORGANIZATIONS.

  • THE ORGANIZATION IS A FAITH-BASED CORPORATION SUPPORTING THE NEEDS OF CHILDREN AND FAMILIES IN CRISIS SITUATIONS IN THE NAME OF JESUS CHRIST BY PROVIDING FUNDING TO OTHER LIKE-MINDED ORGANIZATIONS. THE ORGANIZATION OPERATES THE THRIFT 2 GIFT THRIFT SHOP TO PROVIDE QUALITY CLOTHING, FURNISHINGS AND HOME ITEMS TO THE LOCAL COMMUNITY AT REASONABLE COSTS.

    Expenses $938,682 · Grants $81,404 · Revenue $1,334,271

  • THE ORGANIZATION PROVIDES CHAPLAINS TO BUSINESSES TO CARE FOR THE OWNERS AND EMPLOYEES AND FAMILIES WHEN THEY EXPERIENCE DIFFICULTY OR CRISIS IN THEIR LIVES.

    Expenses $626,090 · Revenue $480,354

As filed on the 2022 return.

Listed in Part VII

  • George E King Jr

    PRESIDENT

    Total calculated
    $177,093
    From this org
    $177,093
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,093
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $177,093

  • Nicolette S King

    TREASURER

    Total calculated
    $83,462
    From this org
    $83,462
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Ballance

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deborah Dillon

    VP & SECRETA

    Total calculated
    $0
    Hours/week
    1

  • Brian Lepage

    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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349329820

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