Central City Market Corporation
- Assets
- $8.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Huntington, WV
- Founding
- 10/2002
- Data as of
- 12/2020
- EIN
- 55-0757934
Organization Overview
Central City Market Corporation is located in Huntington, WV. The organization was established in 2002. According to its NTEE Classification (K20) the organization is classified as: Agricultural 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. Central City Market Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2020, Central City Market Corporation generated $29.2k 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 (8.7%) each year. All expenses for the organization totaled $30.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.8%) 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
2020
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES LOCAL FARMERS WITH AN AREA FOR THEM TO SELL THEIR ITEMS. THIS IS DEEMED A "FARMERS MARKET". THE ORGANIZATION RENTS THE FACILITIES AND CHARGES EACH FARMER A RENTAL FEE THAT IS LOWER THAN THE COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth R Bolen President | 15 | $12,000 | |
David Peyton Secretary/tr | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,800 |
| Total Program Service Revenue | $4,366 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $29,166 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,140 |
| Professional fees and other payments to independent contractors | $3,050 |
| Occupancy, rent, utilities, and maintenance | $4,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,446 |
| Total expenses | $30,636 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,855 |
| Other assets | $0 |
| Total assets | $8,855 |
| Total liabilities | $297 |
| Net assets or fund balances | $8,558 |