Common Market Philadelphia Inc
- Assets
- $17.4m
- Revenue
- $3.1m
- Investments
- $5.2k
- Employees
- 16
- Location
- Philadelphia, PA
- Founding
- 05/2009
- Data as of
- 12/2020
- 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 12/2020, Common Market Philadelphia Inc employed 16 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 12/2020, Common Market Philadelphia Inc generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. 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
2020
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 | $134,096 |
Tatiana Garcia-Granados Board Member And COO | OfficerTrustee | 40 | $120,862 |
Kris Marx Board Chair | OfficerTrustee | 2 | $0 |
Christina Szczepanski Treasurer | OfficerTrustee | 2 | $0 |
Anika Warren Secretary | OfficerTrustee | 2 | $0 |
Malini Ram Moraghan 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 | $2,788,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,788,376 |
| Total Program Service Revenue | $648,685 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $97,945 |
| 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 | -$471,391 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,063,615 |
| 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. | $260,958 |
| Compensation of current officers, directors, key employees. | $79,938 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,944 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,237 |
| Payroll taxes | $34,326 |
| 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 | $42,422 |
| Advertising and promotion | $22,408 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,011 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $169,222 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $755 |
| Insurance | $72,070 |
| All other expenses | $135,488 |
| Total functional expenses | $1,167,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,080,918 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,363,767 |
| Accounts receivable, net | $7,335 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,736 |
| Net Land, buildings, and equipment | $5,943,235 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,166 |
| Investments—program-related | $0 |
| Intangible assets | $7,053 |
| Other assets | $1,928,442 |
| Total assets | $17,381,652 |
| Accounts payable and accrued expenses | $14,822 |
| Grants payable | $0 |
| Deferred revenue | $4,000 |
| 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 | $3,498,286 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $488,922 |
| Total liabilities | $4,006,030 |
| Net assets without donor restrictions | $8,369,798 |
| Net assets with donor restrictions | $5,005,824 |
| 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 | $17,381,652 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Common Market Philadelphia Inc has recieved totaling $2,552,961.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Human Services | $700,000 |
Michael & Susan Dell Foundation Austin, TX PURPOSE: THE COMMON MARKET EXPANSION PROJECT | $551,950 |
Kresge Foundation Troy, MI PURPOSE: TO SUPPORT COMMON MARKET AS THEY IMPROVE COMMUNITY HEALTH AND WEALTH THROUGH EQUITABLE, NON-EXTRACTIVE CAPITAL INVESTMENTS IN REGIONAL FOOD ECOSYSTEMS. | $500,000 |
The Schmidt Family Foundation Palo Alto, CA PURPOSE: WORKING TOWARDS A RESILIENT AND EQUITABLE FOOD SYSTEM | $400,000 |
Kresge Foundation Troy, MI PURPOSE: TO SUPPORT COMMON MARKET AS THEY IMPROVE COMMUNITY HEALTH AND WEALTH THROUGH EQUITABLE, NON-EXTRACTIVE CAPITAL INVESTMENTS IN REGIONAL FOOD ECOSYSTEMS. | $250,000 |
Sprouts Healthy Communities Foundation Phoenix, AZ PURPOSE: ORGANIZATION CONNECTS COMMUNITIES WITH SUSTAINABLE FAMILY FARMS, SUPPORTING REGIONAL FOOD SYSTEMS AND ALLEVIATING FOOD INSECURITY. | $100,000 |
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