The Mustard Seed Foundation

FAYETTEVILLE, NC EIN: 31-1519267

The Mustard Seed Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FAYETTEVILLE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $19K in total assets. In 2024, it awarded 1 grants totaling $500. Net investment income was $1.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$19K

+94.4% YoY

Annual Giving

$500

-50.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$500

-50.0% YoY

Under IRS private-foundation payout rules, The Mustard Seed Foundation reported a distributable amount of $527 for 2024 — the minimum it must pay out in qualifying distributions.

About The Mustard Seed Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $3K (100%)

States

North Carolina

Cities

Durham

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$18,966	$9,756	$9,428
Revenue	$10,001	$5,001	$5,001
Expenses	$548	$4,673	$3,867
Qualifying Distributions	$500	$1,000	—
Net Investment Income	$1	$1	$1
Distributable Amount	$527	$472	$412

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Grace Ministries of Durham Nc ($500).

Recipient	Purpose	Amount
GRACE MINISTRIES OF DURHAM NC DURHAM, NC	GENERAL FUND	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MIRIAM WELLONS	PRESIDENT	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Mustard Seed Foundation?

The Mustard Seed Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FAYETTEVILLE, NC. It holds $19K in total assets as of 2024.

How large is The Mustard Seed Foundation?

As of 2024, The Mustard Seed Foundation holds $19K in total assets with $10K in annual revenue. It awarded 1 grants totaling $500 in 2024.

Where does The Mustard Seed Foundation operate?

The Mustard Seed Foundation has awarded grants in North Carolina.

What size grants does The Mustard Seed Foundation award?

In 2024, The Mustard Seed Foundation awarded 1 grants totaling $500 — an average of about $500 per grant, based on its IRS Form 990 filings.

How much is The Mustard Seed Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mustard Seed Foundation reported a distributable amount of $527 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.