Common Market Philadelphia Inc
- Assets
- $20.6m
- Revenue
- $5.6m
- Investments
- $5.3k
- Employees
- 12
- Location
- Philadelphia, PA
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 74-3240184
Organization Overview
Common Market Philadelphia Inc is located in Philadelphia, PA. The organization was established in 2009. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Common Market Philadelphia Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Market Philadelphia 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 12/2022, Common Market Philadelphia Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 8 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
SEE PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF LOCALLY GROWN PHILADELPHIA AREA PRODUCE. IN AN EFFORT TO SUSTAIN AND PROMOTE THE REGIONAL FARM SYSTEM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Haile Johnston Chief Development Officer/board Member | OfficerTrustee | 40 | $190,718 |
Tatiana Garcia-Granados Board Member And COO | OfficerTrustee | 40 | $184,775 |
Kris Marx Board Chair | OfficerTrustee | 2 | $0 |
Clayton Mitchel Board Member | Trustee | 2 | $0 |
Cristina Hug Board Member | Trustee | 2 | $0 |
Madeline Rotman Board Member | Trustee | 2 | $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 | $5,013,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,013,566 |
| Total Program Service Revenue | $1,058,516 |
| Investment income | $81,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $159,176 |
| 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 | -$695,938 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,617,085 |
| 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. | $375,493 |
| Compensation of current officers, directors, key employees. | $108,893 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $407,485 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,001 |
| Payroll taxes | $55,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,681 |
| Advertising and promotion | $78,583 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,113 |
| Interest | $136,074 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $755 |
| Insurance | $199,074 |
| All other expenses | $104,834 |
| Total functional expenses | $1,682,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,328,720 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,884,633 |
| Accounts receivable, net | $2,719 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $236,983 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,984 |
| Net Land, buildings, and equipment | $5,444,739 |
| Investments—publicly traded securities | $9,216,425 |
| Investments—other securities | $5,298 |
| Investments—program-related | $0 |
| Intangible assets | $5,543 |
| Other assets | $484,297 |
| Total assets | $20,628,341 |
| Accounts payable and accrued expenses | $82,607 |
| Grants payable | $0 |
| Deferred revenue | $3,500 |
| 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 | $2,844,637 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,264 |
| Total liabilities | $2,949,008 |
| Net assets without donor restrictions | $13,536,063 |
| Net assets with donor restrictions | $4,143,270 |
| 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 | $20,628,341 |