Canal Market District And Enterprise Hub
- Assets
- $225.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Newark, OH
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-3293365
Organization Overview
Canal Market District And Enterprise Hub is located in Newark, OH. The organization was established in 2016. According to its NTEE Classification (K30) the organization is classified as: Food Programs, 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. Canal Market District And Enterprise Hub 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 12/2022, Canal Market District And Enterprise Hub generated $97.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $74.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE CANAL MARKET DISTRICT AND ENTERPRISE HUB ("CMDEH") COMPLETED ITS SEVENTH YEAR OF PROGRAMMING IN 2022. WE AGAIN HOSTED A SEASONAL FARMERS MARKET FOR SIX MONTHS OUT OF THE YEAR (MAY-OCTOBER). WE PARTICIPATED IN THE PRODUCE PERKS PROGRAM ALL SEASON, WHICH ALLOWS SNAP RECIPIENTS TO RECEIVE UP TO $25 EXTRA PER DAY TO SPEND ON FRESH FRUITS AND VEGETABLES. BETWEEN SNAP REDEMPTIONS AND PRODUCE PERKS, WE DISTRIBUTED OVER $30,000 IN FOOD BENEFITS TO LOW-INCOME FAMILIES IN OUR AREA. EACH OF OUR MARKETS HOSTS 30+ VENDORS, SMALL BUSINESS PEOPLE WHO ARE DIRECTLY IMPACTED BY THE OPPORTUNITY TO SELL AT OUR VENUE. IN ADDITION, WE ALSO MANAGE THE CANAL MARKET PAVILION AND MAKE THE SPACE AVAILABLE TO THE PUBLIC FOR EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Goland Trustee | 2 | $0 | |
Charles Dilbone Trustee | 2 | $0 | |
Chuck Moore Trustee | 2 | $0 | |
David Rhodes Trustee | 2 | $0 | |
Dean Busack Trustee | 2 | $0 | |
Jeremy King Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,758 |
| Total Program Service Revenue | $32,532 |
| Membership dues | $0 |
| Investment income | $453 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,743 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $36,457 |
| Professional fees and other payments to independent contractors | $3,575 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $11,502 |
| Other expenses | $22,971 |
| Total expenses | $74,505 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $225,474 |
| Other assets | $0 |
| Total assets | $225,474 |
| Total liabilities | $0 |
| Net assets or fund balances | $225,474 |