Market Project Inc
- Assets
- $188.9k
- Revenue
- $340.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-4190613
Organization Overview
Market Project Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Market Project Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Market Project 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 12/2023, Market Project Inc generated $340.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $523.6k during the year ending 12/2023. While expenses have increased by 40.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE BUILD SUSTAINABLE BUSINESSES AND CREATE WORKPLACES THAT ARE TRANSFORMATIVE AND DIGNITY-AFFIRMING FOR SURVIVORS OF COMPLEX TRAUMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUSTAINABLE WORK WE CREATE TRANSFORMATIVE AND DIGNITY-AFFIRMING JOBS IN MARKET-BASED BUSINESSES FOR SURVIVORS OF TRAUMA, EXPLOITATION, AND TRAFFICKING. THESE JOBS BUILD SKILLS AND PROMOTE FLOURISHING IN COMMUNITY TO ADVANCE THE SURVIVOR'S HEALING JOURNEY. WE ALSO PROVIDE JOB-RELATED TRAINING IN AREAS SUCH AS SALES, PRODUCTION AND EMPLOYEE RIGHTS. IN 2023, OUR BUSINESS, NGUVU DAIRY LIMITED, EMPLOYED 52 MEN AND WOMEN IN TWO LOCATIONS IN NORTHERN UGANDA. IN OUR SEMI-ANNUAL STAFF SURVEY, ABOUT 85% OF STAFF VIEWED EARNINGS FROM NGUVU AS THEIR PRIMARY OR SECOND MOST IMPORTANT SOURCE OF INCOME, AND 88% REPORTED THEIR INCOME WAS BETTER THAN PRIOR TO JOINING NGUVU.
TRAUMA HEALINGWE OFFER HOLISTIC TRAUMA TRAINING AND CARE WITHIN THE WORKPLACE. WE TRAIN MANAGERS TO UNDERSTAND THE IMPACT OF TRAUMA AND ADOPT TRAUMA-INFORMED LEADERSHIP PRACTICES. IN PARTNERSHIP WITH TRAINED NATIONALS, WE FACILITATE VOLUNTARY, 16-WEEK TRAUMA HEALING GROUPS FOR EMPLOYEES. MENTORS WALK WITH SURVIVORS TO FURTHER THEIR HEALING JOURNEY. IN OUR SEMI-ANNUAL STAFF SURVEY, 92% OF EMPLOYEES AT NGUVU DAIRY REPORTED IN OUR SEMI-ANNUAL STAFF SURVEY THAT THEY EXPERIENCED SIGNIFICANTLY HIGH LEVELS OF TRAUMA, INCLUDING EXPOSURE TO WAR AND VIOLENCE, NATURAL DISASTER, OR PHYSICAL OR SEXUAL ASSAULT.
BUILDING SUPPORTIVE COMMUNITYRECOGNIZING THAT HEALING TAKES PLACE IN COMMUNITY AND IN RELATIONSHIP WITH OTHERS, WE PROVIDE A SUPPORTIVE WORK CULTURE THAT ENCOURAGES MUTUAL RESPECT, HEALTHY DIALOGUE, AND TEAMWORK. WE STRIVE TO CREATE GENUINE COMMUNITY - SPACES OF SAFETY, REMEMBRANCE, AND RECONNECTION. WORKERS LEARN TEAMWORK, BUILD TRUST, AND GAIN AGENCY AND VOICE. PROGRAMS INCLUDED TEAM-BUILDING ACTIVITIES AND SOCIAL SUPPORT, INCLUDING LUNCHES AND MEDICAL CARE. IN OUR SEMI-ANNUAL STAFF SURVEY, 94% OF EMPLOYEES REPORTED THEY FELT THEIR LIVES HAD IMPROVED FROM WORKING AT THE DAIRY. OUR WORK ALSO HAD AN IMPACT ON THE BROADER COMMUNITY. WORKERS TYPICALLY SHARE UP TO 25% OF THEIR EARNINGS TO SUPPORT IMMEDIATE AND EXTENDED FAMILY. WE ALSO PROVIDE THE COMMUNITY WITH A NUTRITIOUS DAIRY PRODUCT IN A REGION WHERE THE AVERAGE INTAKE OF DAIRY IS APPROXIMATELY 26% OF THE WORLD HEALTH ORGANIZATION'S RECOMMENDED LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eleanor J Nagy Board Chair | OfficerTrustee | 5 | $0 |
Peter Stahl Treasurer | OfficerTrustee | 5 | $0 |
F Catherine Johnson Secretary | OfficerTrustee | 1 | $0 |
Wade Channell Director | Trustee | 1 | $0 |
Justin Reimer Director | Trustee | 1 | $0 |
Soojung Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $340,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $340,080 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $340,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $67,080 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,728 |
| Compensation of current officers, directors, key employees. | $15,979 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,525 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90 |
| Payroll taxes | $9,823 |
| Fees for services: Management | $44,671 |
| Fees for services: Legal | $5,607 |
| Fees for services: Accounting | $13,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,660 |
| Advertising and promotion | $0 |
| Office expenses | $1,540 |
| Information technology | $13,641 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $420 |
| All other expenses | $2,086 |
| Total functional expenses | $523,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,113 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $808 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $188,921 |
| Accounts payable and accrued expenses | $12,433 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,081 |
| Total liabilities | $17,514 |
| Net assets without donor restrictions | $34,272 |
| Net assets with donor restrictions | $137,135 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $188,921 |