Fulton Street Farmers Market Inc
- Assets
- $132.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 10/2014
- Data as of
- 12/2020
- EIN
- 46-2859250
Organization Overview
Fulton Street Farmers Market Inc is located in Grand Rapids, MI. The organization was established in 2014. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fulton Street Farmers Market Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Fulton Street Farmers Market Inc generated $165.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $151.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Sanwald Vice President | 1.25 | $0 | |
Michele Giordano President | 1.25 | $0 | |
Steve Krogman Board Member | 1.25 | $0 | |
Margaret Sudekum Board Member | 1.25 | $0 | |
Ryan Mcnamara Board Member | 1.25 | $0 | |
Chad Kirkpatrick Secretary | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $859 |
| Total Program Service Revenue | $134,898 |
| Membership dues | $0 |
| Investment income | $15 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $29,519 |
| Other Revenue | $0 |
| Total Revenue | $165,291 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $113,151 |
| Professional fees and other payments to independent contractors | $2,100 |
| Occupancy, rent, utilities, and maintenance | $17,280 |
| Printing, publications, postage, and shipping | $1,478 |
| Other expenses | $17,014 |
| Total expenses | $151,023 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $132,669 |
| Other assets | $0 |
| Total assets | $132,669 |
| Total liabilities | $60,076 |
| Net assets or fund balances | $72,593 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fulton Street Farmers Market Inc has recieved totaling $158,881.
| Awarding Organization | Amount |
|---|---|
Fair Food Network Ann Arbor, MI PURPOSE: FUND DOUBLE UP FOOD BUCKS-STORES & MKTS | $157,876 |
Frey Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Market Corporatioin Detroit, MI | $12,535,453 | $5,663,087 |
Ohio Restaurant Assn Columbus, OH | $2,879,456 | $2,138,506 |
Kinship Mke Inc Milwaukee, WI | $4,987,753 | $2,706,784 |
St Vincent De Paul Thrift Store Inc Marshfield, WI | $3,892,280 | $1,717,707 |
City Market Inc Bay City, MI | $0 | $954,437 |
Cornucopia Institute Incorporated Viroqua, WI | $1,310,459 | $989,761 |
Grand Rapids Downtown Market Education Foundation Grand Rapids, MI | $961,102 | $1,653,390 |
Nourish Farms Inc Sheboygan Falls, WI | $2,156,397 | $713,835 |
Michigan Farmers Market Association East Lansing, MI | $449,598 | $616,537 |
Fondy Food Center Inc Milwaukee, WI | $490,440 | $496,291 |
Wisconsin Wine And Spirit Institute Madison, WI | $125,060 | $518,293 |
Ohio Wine Producers Association Geneva, OH | $92,945 | $520,156 |