Mustard Seed Foundation

Salisbury, MD
Tax-exempt since Sept. 1987
EIN: 52-1492276

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$470k (2024)

Expenses

$328k (2024)

Total Assets

$4.9M (2024)

Total Liabilities

$2.31k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Nov.
2024

Revenue

$470,355

Expenses

$327,533

Net Income

$142,822

Net Assets

$4,893,347

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$167,336	35.6%
Sales of Assets	$303,019	64.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$268,870	82.1%
Compensation of Officers*	$2,320	0.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,895,658
Total Liabilities	$2,311
Net Assets	$4,893,347

Compensation

Key Employees and Officers	Compensation	Other
Tyrus Farrow (Secretary/Di)	$1,340	$0
Jeanine Scott (Treasurer)	$980	$0
Sandra Spedden (Pres/Directo)	$0	$0
Yvonne A Matthews (Vp/Director)	$0	$0
Ralph Scott (Director)	$0	$0
Blake Wise (Director)	$0	$0

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990-PF

Filed on Feb. 5, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2023

Revenue

$4,566,609

Expenses

$271,638

Net Income

$4,294,971

Net Assets

$4,750,515

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,355,503	95.4%
Interest Revenue	$0
Dividends	$110,097	2.4%
Sales of Assets	$101,009	2.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$233,375	85.9%
Compensation of Officers*	$2,994	1.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,752,034
Total Liabilities	$1,519
Net Assets	$4,750,515

Compensation

Key Employees and Officers	Compensation	Other
Tyrus Farrow (Secretary/Di)	$1,910	$0
Jeanine Scott (Treasurer)	$1,084	$0
Sandra Spedden (Pres/Directo)	$0	$0
Yvonne A Matthews (Vp/Director)	$0	$0
Ralph Scott (Director)	$0	$0
Blake Wise (Director)	$0	$0

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990-PF

Filed on April 18, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2022

Revenue

$231,696

Expenses

$233,839

Net Income

-$2,143

Net Assets

$456,403

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$140,000	60.4%
Interest Revenue	$0
Dividends	$20,358	8.8%
Sales of Assets	$71,338	30.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$216,520	92.6%
Compensation of Officers*	$3,897	1.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$456,403
Total Liabilities	$0
Net Assets	$456,403

Compensation

Key Employees and Officers	Compensation	Other
Tyrus Farrow (Secretary/Di)	$2,501	$0
Jeanine Scott (Treasurer)	$1,396	$0
Sandra Spedden (Pres/Directo)	$0	$0
Yvonne A Matthews (Vp/Director)	$0	$0
Ralph Scott (Director)	$0	$0
Blake Wise (Director)	$0	$0

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990-PF

Filed on Feb. 20, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2021

Revenue

$307,190

Expenses

$205,529

Net Income

$101,661

Net Assets

$458,546

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$225,000	73.2%
Interest Revenue	$0
Dividends	$16,268	5.3%
Sales of Assets	$65,922	21.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$202,075	98.3%
Compensation of Officers*	$2,753	1.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$458,546
Total Liabilities	$0
Net Assets	$458,546

Compensation

Key Employees and Officers	Compensation	Other
Tyrus Farrow (Secretary/Di)	$1,499	$0
Jeanine Scott (Treasurer)	$1,254	$0
Sandra Spedden (Pres/Directo)	$0	$0
Yvonne A Matthews (Vp/Director)	$0	$0
Ralph Scott (Director)	$0	$0
Blake Wise (Director)	$0	$0

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990-PF

Filed on Feb. 14, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2020

Revenue

$145,647

Expenses

$217,426

Net Income

-$71,779

Net Assets

$355,831

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$130,500	89.6%
Interest Revenue	$7	0.0%
Dividends	$14,298	9.8%
Sales of Assets	$842	0.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$199,697	91.8%
Compensation of Officers*	$5,002	2.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$355,832
Total Liabilities	$1
Net Assets	$355,831

Compensation

Key Employees and Officers	Compensation	Other
Jeanine Scott (Treasurer)	$1,682	$0
Tyrus Farrow (Secretary/Di)	$1,320	$0
Ralph Scott (Director)	$800	$0
Yvonne A Matthews (Vp/Director)	$600	$0
Blake Wise (Director)	$600	$0
Sandra Spedden (Pres/Directo)	$0	$0

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990-PF

Filed on Feb. 19, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2019

Revenue

$163,450

Expenses

$310,882

Net Income

-$147,432

Net Assets

$425,045

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$101,500	62.1%
Interest Revenue	$0
Dividends	$17,627	10.8%
Sales of Assets	$44,323	27.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$288,585	92.8%
Compensation of Officers*	$4,350	1.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$425,046
Total Liabilities	$1
Net Assets	$425,045

Compensation

Key Employees and Officers	Compensation	Other
Yvonne A Matthews (Vp Director)	$1,150	$0
Blake Wise (Director)	$900	$0
Jeanine Scott (Director)	$900	$0
Ralph Scott (Director)	$700	$0
Tyrus Farrow (Director)	$700	$0
Sandra Spedden (Pres Director)	$0	$0
John C Hendricks (Secy Director)	$0	$0
Ronald L Vandegrift Cpa Jr (Treasurer)	$0	$0

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990-PF

Filed on Jan. 23, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2018

Revenue

$149,646

Expenses

$350,121

Net Income

-$200,475

Net Assets

$572,479

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$125,000	83.5%
Interest Revenue	$0
Dividends	$24,646	16.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$328,994	94.0%
Compensation of Officers*	$4,750	1.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$572,479
Total Liabilities	$0
Net Assets	$572,479

Compensation

Key Employees and Officers	Compensation	Other
Ralph Scott (Director)	$1,000	$0
Blake Wise (Director)	$1,000	$0
Tyrus Farrow (Director)	$1,000	$0
Jeanine Scott (Director)	$1,000	$0
Yvonne Alexander Matthews (Vice President)	$750	$0
Sandra P Spedden (President)	$0	$0
John C Hendricks (Secretary)	$0	$0
Ron Vandegrift (Treasurer)	$0	$0

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990-PF

Filed on Jan. 24, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2017

Revenue

$182,491

Expenses

$327,663

Net Income

-$145,172

Net Assets

$679,808

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$155,000	84.9%
Interest Revenue	$0
Dividends	$27,491	15.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$306,659	93.6%
Compensation of Officers*	$4,500	1.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$679,808
Total Liabilities	$0
Net Assets	$679,808

Compensation

Key Employees and Officers	Compensation	Other
Yvonne Alexander Matthews (Vice President)	$1,000	$0
Ralph Scott (Director)	$1,000	$0
Blake Wise (Director)	$1,000	$0
Tyrus Farrow (Director)	$1,000	$0
Jeanine Scott (Director)	$500	$0
Sandra P Spedden (President)	$0	$0
John C Hendricks (Secretary)	$0	$0
Ron Vandegrift (Treasurer)	$0	$0

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990-PF

Filed on Jan. 25, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2016

Revenue

$201,644

Expenses

$276,605

Net Income

-$74,961

Net Assets

$788,286

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$175,000	86.8%
Interest Revenue	$0
Dividends	$26,644	13.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$257,065	92.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$788,286
Total Liabilities	$0
Net Assets	$788,286

Compensation

Key Employees and Officers	Compensation	Other
Sandra P Spedden (President)	$0	$0
Yvonne Alexander Matthews (Vice President)	$0	$0
John C Hendricks (Secretary)	$0	$0
Ralph Scott (Director)	$0	$0
Blake Wise (Director)	$0	$0
Ron Vandegrift (Treasurer)	$0	$0
Tyrus Farrow (Director)	$0	$0

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990-PF

Filed on April 10, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2015

Revenue

$547,835

Expenses

$305,994

Net Income

$241,841

Net Assets

$816,777

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$525,806	96.0%
Interest Revenue	$0
Dividends	$22,029	4.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$284,867	93.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$816,777
Total Liabilities	$0
Net Assets	$816,777

Compensation

Key Employees and Officers	Compensation	Other
Sandra P Spedden (President)	$0	$0
Yvonne Alexander Matthews (Vice President)	$0	$0
John C Hendricks (Secretary)	$0	$0
Joann Knauer (Treasurer)	$0	$0
Ralph Scott (Director)	$0	$0
Blake Wise (Director)	$0	$0

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990-PF

Filed on Jan. 27, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2014

Revenue

$154,897

Expenses

$253,963

Net Income

-$99,066

Net Assets

$546,046

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$125,000	80.7%
Interest Revenue	$0
Dividends	$29,897	19.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$232,271	91.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$546,046
Total Liabilities	$0
Net Assets	$546,046

Compensation

Key Employees and Officers	Compensation	Other
Sandra P Spedden (President)	$0	$0
Yvonne Alexander Matthews (Vice President)	$0	$0
John C Hendricks (Secretary)	$0	$0
Joann Knauer (Treasurer)	$0	$0
Ralph Scott (Director)	$0	$0
Blake Wise (Director)	$0	$0

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990-PF

Filed on Jan. 22, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2013

Revenue

$100,687

Expenses

$208,390

Net Income

-$107,703

Net Assets

$584,778

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$75,224	74.7%
Interest Revenue	$359	0.4%
Dividends	$25,104	24.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$186,400	89.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$584,779
Total Liabilities	$1
Net Assets	$584,778

990-PF

Filed on March 10, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2012

Revenue

$131,542

Expenses

$196,826

Net Income

-$65,284

Net Assets

$641,929

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$103,638	78.8%
Interest Revenue	$2,251	1.7%
Dividends	$25,653	19.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$189,104	96.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$641,930
Total Liabilities	$1
Net Assets	$641,929

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2011

Revenue

$180,839

Expenses

$194,201

Net Income

-$13,362

Net Assets

$709,812

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$152,900	84.6%
Interest Revenue	$4,530	2.5%
Dividends	$23,409	12.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$186,498	96.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$709,812
Total Liabilities	$0
Net Assets	$709,812

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Mustard Seed Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $470k (2024)

Expenses $328k (2024)

Total Assets $4.9M (2024)

Total Liabilities $2.31k (2024)

Tax Filings by Year

Fiscal Year Ending Nov. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$470k (2024)

Expenses

$328k (2024)

Total Assets

$4.9M (2024)

Total Liabilities

$2.31k (2024)

Fiscal Year Ending Nov.
2024

Fiscal Year Ending Nov.
2023

Fiscal Year Ending Nov.
2022

Fiscal Year Ending Nov.
2021

Fiscal Year Ending Nov.
2020

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
2006

Fiscal Year Ending Nov.
2005

Fiscal Year Ending Nov.
2004

Fiscal Year Ending Nov.
2003

Fiscal Year Ending Nov.
2002

Fiscal Year Ending Nov.
2001