Central Market Trust
- Assets
- $996.9k
- Revenue
- $461.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Lancaster, PA
- Founding
- 07/2007
- Data as of
- 06/2022
- EIN
- 76-0822944
Organization Overview
Central Market Trust is located in Lancaster, PA. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Central Market Trust employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Market Trust 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, Central Market Trust generated $461.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $416.6k during the year ending 06/2022. 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
WE ARE THE TRUSTED STEWARD OF LANCASTER CENTRAL MARKET CULTIVATING BUSINESSES, RELATIONSHIPS, AND COMMUNITY IN AND AROUND OUR PUBLIC MARKET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND PRESERVATION OF THE HISTORIC CENTRAL MARKET IN LANCASTER, PA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Goss Mgr Market O | Officer | 40 | $74,457 |
Phillip Caramenico Secretary | OfficerTrustee | 5 | $0 |
Josh Lytle Treasurer | OfficerTrustee | 5 | $0 |
Bruce Martin Chair | OfficerTrustee | 5 | $0 |
Melissa Siwiec Executive Di | Officer | 40 | $0 |
Amanda Bakay Trustee | Trustee | 1 | $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 | $42,288 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,288 |
| Total Program Service Revenue | $399,783 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $19,801 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $461,872 |
| 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. | $74,457 |
| Compensation of current officers, directors, key employees. | $11,168 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,472 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,098 |
| Advertising and promotion | $6,530 |
| Office expenses | $25,390 |
| Information technology | $1,138 |
| Royalties | $0 |
| Occupancy | $75,682 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,020 |
| Insurance | $5,788 |
| All other expenses | $3,840 |
| Total functional expenses | $416,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $933,908 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,101 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,474 |
| Prepaid expenses and deferred charges | $7,819 |
| Net Land, buildings, and equipment | $25,275 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $275 |
| Total assets | $996,852 |
| Accounts payable and accrued expenses | $41,857 |
| Grants payable | $0 |
| Deferred revenue | $2,822 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $44,679 |
| Net assets without donor restrictions | $563,734 |
| Net assets with donor restrictions | $388,439 |
| 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 | $996,852 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central Market Trust has recieved totaling $21,582.
| Awarding Organization | Amount |
|---|---|
Lancaster County Community Foundation Lancaster, PA PURPOSE: DESIGNATED FOR GENERAL OPERATING SUPPORT | $21,512 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $70 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Cincinnati Foundation Cincinnati, OH | $616,325,698 | $119,970,948 |
Johnson Charitable Gift Fund Cincinnati, OH | $240,192,248 | $106,272,377 |
Young Mens Christian Association Of Greater Cincinnati Cincinnati, OH | $89,901,831 | $29,563,808 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Independent Charitable Gift Fund Hudson, OH | $203,452,465 | $150,370,213 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |