Mid-Market Foundation
- Assets
- $4.3m
- Revenue
- $22.5m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-0892059
Organization Overview
Mid-Market Foundation is located in San Francisco, CA. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-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 12/2022, Mid-Market Foundation generated $22.5m in total revenue. All expenses for the organization totaled $21.9m during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF THE CORPORATION ARE CHARITABLE AND EDUCATIONAL, EACH WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (OR ANY CORRESPONDING PROVISION(S) OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW) AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE (OR ANY CORRESPONDING PROVISION(S) OF ANY FUTURE CALIFORNIA INTERNAL REVENUE LAW). IN THE CONTEXT OF THESE GENERAL PURPOSES, THE CORPORATION SHALL IMPROVE THE CONDITIONS OF THE PUBLIC REALM OF THE GREATER MID-MARKET AREA IN SAN FRANCISCO, CA, AND TO PROVIDE ASSISTANCE TO THE POOR AND DISADVANTAGED IN THAT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY BASED SAFETY PROGRAMCONTINUED TO PROVIDE ADMINISTRATION AND MANAGEMENT TO THE COMMUNITY BASED SAFETY PROGRAM. RECEIVED A $20M GRANT FROM THE CITY OF SAN FRANCISCO TO CONTINUE THE PROGRAM IN 2022. THROUGH SUBCONTRACTOR, URBAN ALCHEMY, PROVIDED OVER 200 AMBASSADORS PER DAY TO IMPROVE THE QUALITY OF LIFE ON 80 BLOCK FACES FROM 7:00AM TO 7:00PM, 7 DAYS A WEEK.NEIGHBORHOOD REVITALIZATION PROGRAMDEVELOPED THE RE-THINK, RE-ENVISION, RE-EXPERIENCE MID-MARKET ECONOMIC RECOVERY STRATEGIES. CONDUCTED COMMUNITY STAKEHOLDER FOCUS GROUPS. ONE-ON-ONE MEETINGS, DATA COLLECTION AND ANALYSIS. ENGAGED A NATIONAL RETAIL CONSULTANT AND AN ARTS ACTIVATION CONSULTANT. RECEIVED CITY OF SAN FRANCISCO GRANT FOR $150,000 FOR THIS PROJECT. RECEIVED A $100,000 GRANT FROM DOLBY LABORATORIES ALSO FOR THIS PROJECT. IMPLEMENTATION OF THE PROGRAM TO BEGIN IN 2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara DE La Riva Chair | OfficerTrustee | 0.5 | $0 |
Max Young Vice Chair | OfficerTrustee | 0.5 | $0 |
Andrew Sullivan Secretary | OfficerTrustee | 0.5 | $0 |
Amy Hull Treasurer | OfficerTrustee | 0.5 | $0 |
Naomi Maisel Board Member | Trustee | 0.5 | $0 |
Donna Hilliard Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tenderloin Community Ben Dist Cleaning & Maintenance | 12/30/22 | $850,000 |
Urban Alchemy Safety Services | 12/30/22 | $18,492,801 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,609,986 |
| All other contributions, gifts, grants, and similar amounts not included above | $879,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,489,044 |
| Total Program Service Revenue | $0 |
| Investment income | $1,161 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,490,205 |
| 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 | $0 |
| 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 | $37,157 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,831,312 |
| Advertising and promotion | $9,650 |
| Office expenses | $4,312 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,659 |
| Travel | $226 |
| 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 | $4,812 |
| All other expenses | $0 |
| Total functional expenses | $21,934,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,356 |
| Savings and temporary cash investments | $83,068 |
| Pledges and grants receivable | $4,064,156 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,731 |
| 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 | $4,336,311 |
| Accounts payable and accrued expenses | $2,797,004 |
| 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 | $0 |
| Total liabilities | $2,797,004 |
| Net assets without donor restrictions | $613,498 |
| Net assets with donor restrictions | $925,809 |
| 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 | $4,336,311 |