Common Market Texas Incorporated
- Assets
- $2.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 13
- Location
- Houston, TX
- Founding
- 04/2018
- Data as of
- 12/2023
- EIN
- 82-2421349
Organization Overview
Common Market Texas Incorporated is located in Houston, TX. The organization was established in 2018. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Common Market Texas Incorporated employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Market Texas 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 12/2023, Common Market Texas Incorporated generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 36.9% each year . All expenses for the organization totaled $686.3k during the year ending 12/2023. While expenses have increased by 28.5% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A NON-PROFIT THAT DISTRIBUTES LOCAL AND SUSTAINABLY PRODUCED FOODS. THE ORGANIZATION'S PUBLIC PURPOSE IS TO IMPLEMENT EDUCATIONAL PROGRAMS THAT IMPROVE ACCESS TO LOCAL FOODS FOR RESIDENTS OF UNDERSERVED LOW INCOME COMMUNITIES; AND TO INFORM INSTITUTIONS AND BUSINESSES OF OPPORTUNITIES TO ADD VALUE TO LOCAL FARM PRODUCTS BY PROCESSING THEM FOR THEIR CONSTITUENTS AND CUSTOMERS. OUR PUBLIC PURPOSE IS TO ALSO ESTABLISH WHOLESALE DISTRIBUTION OF LOCALLY PRODUCED FARM PRODUCTS SO THAT THE SUPPLY OF LOCALLY PRODUCED FARM FOOD IS ASSURED. OUR MISSION IS TO CONNECT COMMUNITIES WITH GOOD FOOD FROM SUSTAINABLE FAMILY FARMS. WE STRIVE TO IMPROVE FOOD SECURITY, FARM VIABILITY AND COMMUNITY AND ECOLOGICAL HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF LOCALLY GROWN TEXAS AREA PRODUCE. IN AN EFFORT TO SUSTAIN AND PROMOTE THE REGIONAL FARM SYSTEM AND EXPAND COMMUNITY FOOD ACCESS. NOT INCLUDED IN PROGRAM INCOME AND EXPENSES WERE 4,243,543 IN GROSS SALES OF LOCAL PRODUCE AND 3,658,780 IN COST OF GOODS SOLD.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Haile Johnston Board Member | Trustee | 5 | $0 |
Margaret Smith Executive Di | Officer | 40 | $72,098 |
Jeremy Logan Executive Di | Officer | 40 | $8,852 |
Eddie Andrew Treasurer | OfficerTrustee | 5 | $0 |
Imani Butler Board Member | Trustee | 5 | $0 |
Colin Cain Board Member | Trustee | 5 | $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 | $173,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,523 |
| Total Program Service Revenue | $583,630 |
| 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 | $584,763 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,341,916 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,332 |
| 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 | $2,626 |
| Advertising and promotion | $7,907 |
| 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 | $20,501 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $15,524 |
| Total functional expenses | $686,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$29,315 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $54,580 |
| Accounts receivable, net | $1,937,454 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $63,108 |
| Inventories for sale or use | $157,946 |
| Prepaid expenses and deferred charges | $0 |
| 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 | $2,183,773 |
| Accounts payable and accrued expenses | $78,200 |
| Grants payable | $0 |
| Deferred revenue | $558,180 |
| 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 | $994,731 |
| Total liabilities | $1,631,111 |
| Net assets without donor restrictions | $552,662 |
| 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 | $2,183,773 |