Baltimore Public Markets Corporation
- Assets
- $11.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 31
- Location
- Baltimore, MD
- Founding
- 11/1995
- Data as of
- 06/2022
- EIN
- 52-1909176
Organization Overview
Baltimore Public Markets Corporation is located in Baltimore, MD. The organization was established in 1995. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Baltimore Public Markets Corporation employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baltimore Public Markets Corporation 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 06/2022, Baltimore Public Markets Corporation generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 5.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE MARKETS AS A BASE FOR NEIGHBORHOOD COMMERCIAL REVITALIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALTIMORE PUBLIC MARKETS CORPORATION ("BPMC") WAS ESTABLISHED BY THE CITY OF BALTIMORE IN MARCH 1995 TO DIRECTLY MANAGE FIVE COMMUNITY MARKETS LOCATED IN BALTIMORE, MARYLAND. SPACE WITHIN THESE MARKETS IS LEASED PRIMARILY UNDER ONE TO FIVE-YEAR LEASE AGREEMENTS TO MERCHANTS SELLING FRESH FOOD AND OTHER PRODUCTS. BALTIMORE MARKETS ARE THE OLDEST CONTINUOUSLY OPERATING PUBLIC MARKET SYSTEM IN THE UNITED STATES, AND THE MARKETS CONTINUE TO MAINTAIN A TRADITION FOR WHICH BALTIMORE IS FAMOUS. BPMC SERVICES THE FOLLOWING MARKETS: AVENUE MARKET, BROADWAY MARKET, CROSS STREET MARKET, HOLLINS MARKET, AND NORTHEAST MARKET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Tarbert Board Chair | OfficerTrustee | 2 | $0 |
Jennell Rogers Treasurer | OfficerTrustee | 0.15 | $0 |
James L Hughes Director | Trustee | 0.15 | $0 |
Joshua E Neiman Director | Trustee | 0.15 | $0 |
John M Pezzulla Director | Trustee | 0.15 | $0 |
Arnold Williams Director | Trustee | 0.15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Plano-coudon Llc Construction Services | 6/29/21 | $584,553 |
Jr Mechanical Services Hvac Repairs | 6/29/21 | $188,230 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $490,855 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $565,855 |
| Total Program Service Revenue | $2,034,192 |
| Investment income | $1,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,603,111 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $185,645 |
| Compensation of current officers, directors, key employees. | $16,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $917,858 |
| Pension plan accruals and contributions | $4,008 |
| Other employee benefits | $160,443 |
| Payroll taxes | $68,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,739 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $15,300 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,364 |
| Advertising and promotion | $14,763 |
| Office expenses | $40,767 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,293,656 |
| Travel | $46,680 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,935 |
| Interest | $1,064 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $510,420 |
| Insurance | $50,000 |
| All other expenses | $0 |
| Total functional expenses | $3,450,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,740 |
| Savings and temporary cash investments | $962,629 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,454 |
| 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 | $28,080 |
| Net Land, buildings, and equipment | $8,615,617 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,302,238 |
| Total assets | $11,139,758 |
| Accounts payable and accrued expenses | $494,021 |
| Grants payable | $0 |
| Deferred revenue | $14,418 |
| 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 | $16,479 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $342,206 |
| Total liabilities | $867,124 |
| Net assets without donor restrictions | $10,272,634 |
| Net assets with donor restrictions | $0 |
| 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 | $11,139,758 |