Seed Capital Kentucky Inc.
Seed Capital Kentucky Inc.
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About this organization
Revenue
$1,372,883
Expenses
$4,935,105
Mission
To catalyze the success and resilience of Kentuckys regional agriculture and regional food economy.
About
Supporting farmers. Grants are offered to small farmers to enable them to access technical assistance to increase their capacity to grow their businesses, increase sustainability, increase access to capital, or otherwise play a larger or more meaningful role in the food economy. Technical assistance grants cover such things as accounting and financial planning, business planning, market development, marketing (including packaging and label development), food safety planning and process implementation, legal services, or whole farm planning. Supporting the local food economy. Seed Capital KY conducts research and provides other support for the development and expansion of various food businesses and infrastructure, including local food aggregation and distribution systems. Seed Capital KY's largest project was the West Louisville Foodport. However, once the largest tenant pulled out of the project, it was determined that the project was no longer feasible. The construction costs and other project costs have been written off during 2016.
Interesting data from their 2017 990 filing
The non-profit's aim, as stated in the filing, is “To catalyze the success and resilience of kentuckys regional agriculture and regional food economy.”.
When referring to its actions, they were outlined as: “To catalyze the success and resilience of kentuckys regional agriculture and regional food economy.”.
- The non-profit has complied with legal obligations by reporting their state of operation as KY.
- The non-profit's form for 2017 reports a total of 4 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$3,562,222.
- The salary policy for the CEO of the organization is established through a review and approval by an impartial party.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 4 independent voting members.
- The organization was formed in 2011.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $179,340 in salary, compensation, and benefits to its employees.
- The organization pays $77,056 in fundraising expenses.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.