The Mustard Seed Foundation Inc
The Mustard Seed Foundation Inc is a private foundation based in Salisbury, Maryland. Established in September 1987, it operates as a 501(c)(3) tax-exempt organization. The foundation's sole activity is making grants to other charities; it has no direct charitable activities of its own.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.9M
+3.0% YoY
Annual Giving
$269K
+15.2% YoY
Grant Count
34
+6.3% YoY
Avg Grant Size
$8K
+8.4% YoY
Mission & Focus Areas
The foundation focuses its grantmaking on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation made additional grants beyond those listed above in 2024, with a total of 15 grants distributed that year.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Maryland
- Colorado
- California
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $4,895,658
- Total Revenue: $470,355
- Total Expenses: $327,533
- Net Income: $142,822
- Total Liabilities: $2,310
As of Fiscal Year 2022:
- Total Assets: $5.2 million
- Distributions: $233,000
The foundation's revenue is primarily generated through investment income and interest, with no reported contributions received in recent filings.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,895,658 | $4,752,034 | $456,403 |
| Revenue | $470,355 | $4,566,609 | $231,696 |
| Expenses | $327,533 | $271,638 | $233,839 |
| Qualifying Distributions | $268,870 | $233,375 | $216,520 |
| Net Investment Income | $166,262 | $109,279 | $20,358 |
| Distributable Amount | $281,030 | $197,508 | $35,210 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
161 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's board includes:
- Sandra Spedden (President/Director)
- Yvonne A Matthews (Vice President/Director)
- Ralph Scott (Director)
- Blake Wise (Director)
- Tyrus Farrow (Secretary/Director)
- Jeanine Scott (Treasurer)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SANDRA SPEDDEN | PRES/DIRECTO | 3 | — |
| YVONNE A MATTHEWS | VP/DIRECTOR | 1 | — |
| RALPH SCOTT | DIRECTOR | 1 | — |
| BLAKE WISE | DIRECTOR | 1 | — |
| TYRUS FARROW | SECRETARY/DI | 1 | $1,340 |
| JEANINE SCOTT | TREASURER | 2 | $980 |
Related Funders
Similar funders by location and focus area
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Charles F and Margaret Mh Obrecht
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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