Common Market Mid-Atlantic Incorporated
- Assets
- $1.9m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 95
- Location
- Philadelphia, PA
- Founding
- 12/2017
- Data as of
- 12/2020
- EIN
- 81-3440182
Organization Overview
Common Market Mid-Atlantic Incorporated is located in Philadelphia, PA. The organization was established in 2017. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2020, Common Market Mid-Atlantic Incorporated employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Market Mid-Atlantic Incorporated 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 Mid-Atlantic Incorporated generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 49.9% each year . All expenses for the organization totaled $818.5k 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, NOT INCLUDED IN THE ORGANIZATION'S PROGRAM REVENUE IS SALES OF $21,879,919 LESS $15,822,532 IN COST OF SALES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yael Lehmann Board Member & Exec Dir Until 12/20 | OfficerTrustee | 40 | $95,623 |
Porter Bush Board Chair | OfficerTrustee | 5 | $0 |
Erica Walther Secretary | OfficerTrustee | 5 | $0 |
Reco Owens Treasurer | OfficerTrustee | 5 | $0 |
Haile Johnston Board Member | Trustee | 5 | $0 |
Justin Rosenberg Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $361,594 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,594 |
| Total Program Service Revenue | $80,788 |
| 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 | $6,057,387 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,499,769 |
| 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. | $95,623 |
| Compensation of current officers, directors, key employees. | $27,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,149 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,715 |
| Payroll taxes | $7,834 |
| Fees for services: Management | $379,629 |
| 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 | $17,101 |
| Advertising and promotion | $11,231 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,885 |
| 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 | $0 |
| Insurance | $4,619 |
| All other expenses | $78,402 |
| Total functional expenses | $818,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$117,140 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,771,166 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $281,284 |
| Prepaid expenses and deferred charges | $2,892 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,938,202 |
| Accounts payable and accrued expenses | $114,150 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,335,912 |
| Total liabilities | $1,450,062 |
| Net assets without donor restrictions | $488,140 |
| 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 | $1,938,202 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Common Market Mid-Atlantic Incorporated has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Barnabas Health Inc Oceanport, NJ PURPOSE: SPONSORSHIPS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chester County Food Bank Exton, PA | $14,718,999 | $9,745,576 |
State Fair Of West Virginia Inc Lewisburg, WV | $7,745,539 | $6,147,107 |
Model Organic Farm Foundation New York, NY | $4,881,242 | $2,948,859 |
Refed Inc Long Island City, NY | $3,245,213 | $3,044,504 |
Ohio Restaurant Assn Columbus, OH | $2,879,456 | $2,138,506 |
White Feather Farm Inc Saugerties, NY | $1,952,913 | $1,416,686 |
Delaware Restaurant Association Newark, DE | $1,419,640 | $1,758,498 |
White Feather Forest Inc Saugerties, NY | $359,824 | $75,416 |
Mason County Fair Inc Point Pleasant, WV | $309,354 | $907,373 |
Common Market Mid-Atlantic Incorporated Philadelphia, PA | $1,938,202 | $6,499,769 |
Pitney Meadows Community Farm Inc Saratoga Springs, NY | $3,433,291 | $1,027,311 |
Common Ground Farm Inc Beacon, NY | $214,026 | $737,294 |