Little Market Inc
- Assets
- $1.8m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 70
- Location
- Santa Monica, CA
- Founding
- 05/2016
- Data as of
- 06/2022
- EIN
- 81-2328759
Organization Overview
Little Market Inc, operating under the name The Little Market Foundation, is located in Santa Monica, CA. The organization was established in 2016. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, Little Market Foundation employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Market Foundation 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, Little Market Foundation generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $5.8m during the year ending 06/2022. While expenses have increased by 24.0% per year over the past 4 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 SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.-MAKING GRANTS AND EXPENDITURES TO SUPPORT ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE CODE;-EDUCATING THE PUBLIC ABOUT ISSUES OF SOCIAL RESPONSIBILITY, WHICH MAY INCLUDE SECURING THE RIGHTS OF MARGINALIZED PRODUCERS AND WORKERS, REDUCING GLOBAL POVERTY, AND EMPOWERING WOMEN;
SEE SCHEDULE O.-MAKING GRANTS AND EXPENDITURES TO SUPPORT ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE CODE;-EDUCATING THE PUBLIC ABOUT ISSUES OF SOCIAL RESPONSIBILITY, WHICH MAY INCLUDE SECURING THE RIGHTS OF MARGINALIZED PRODUCERS AND WORKERS, REDUCING GLOBAL POVERTY, AND EMPOWERING WOMEN;-SUPPORTING AND EMPOWERING FEMALE ARTISANS, PARTICULARLY IN IMPOVERISHED AND DEVELOPING COMMUNITIES;-PROMOTING SUSTAINABLE DEVELOPMENT AND GREATER EQUITY IN INTERNATIONAL TRADE BY SUPPORTING, ENGAGING IN, AND EDUCATING THE PUBLIC ABOUT FAIR TRADE PRINCIPLES;-ENGAGING IN OTHER ACTIVITIES WHICH ARE CHARITABLE AND EDUCATIONAL;-COOPERATING WITH OTHER CHARITABLE ORGANIZATIONS WHETHER LOCAL, NATIONAL OR INTERNATIONAL, FOR ANY OF THE FOREGOING PURPOSES; AND-CONDUCTING ANY OTHER ACTIVITIES THAT MAY BE NECESSARY, USEFUL, ORDESIRABLE FOR THE FURTHERANCE OR ACCOMPLISHMENT OF THE FOREGING PURPOSES, PROVIDED THAT THOSE ACTIVITIES WOULD NOT ENDANGER THE CORPORATION'S NOT-FOR-PROFIT OR TAX EXEMPT STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hannah Taylor Chief Executive Officer | OfficerTrustee | 40 | $160,000 |
Cecilia Garza Secretary | OfficerTrustee | 0 | $0 |
Francesca Leiweke-Bodie Board Member | Trustee | 0 | $0 |
Lindsay Rachelefsky Board Member | Trustee | 0 | $0 |
Jennifer Reynoso Board Member | Trustee | 0 | $0 |
Mona Vince Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $568,804 |
| Related organizations | $0 |
| Government grants | $323,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,541,419 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,433,570 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$107,779 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,065,940 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,391,735 |
| 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. | $163,846 |
| Compensation of current officers, directors, key employees. | $22,121 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,492,142 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $189,325 |
| Advertising and promotion | $613,601 |
| Office expenses | $173,310 |
| Information technology | $177,375 |
| Royalties | $0 |
| Occupancy | $473,709 |
| Travel | $47,416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,122 |
| Interest | $9,577 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,769 |
| Insurance | $15,759 |
| All other expenses | $15,346 |
| Total functional expenses | $5,799,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,145 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,498 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,376,392 |
| Prepaid expenses and deferred charges | $39,207 |
| Net Land, buildings, and equipment | $334,039 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,175 |
| Total assets | $1,807,456 |
| Accounts payable and accrued expenses | $257,251 |
| Grants payable | $0 |
| Deferred revenue | $65,629 |
| 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 | $438,861 |
| Total liabilities | $761,741 |
| Net assets without donor restrictions | $1,045,715 |
| 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 | $1,807,456 |
Grants Awarded
Over the last fiscal year, Little Market Inc has awarded $259,464 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL PUBLIC RADIO PURPOSE: GENERAL SUPPORT | $234,100 |
SOUTHERN CALIFORNIA PUBLIC RADIO PURPOSE: GENERAL SUPPORT | $25,364 |