Salem Saturday Market
- Assets
- $222.6k
- Revenue
- $277.9k
- Investments
- $0.0
- Employees
- 13
- Location
- Salem, OR
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 93-1309045
Organization Overview
Salem Saturday Market is located in Salem, OR. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Salem Saturday Market employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem Saturday Market is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Salem Saturday Market generated $277.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $236.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MUTUAL BENEFIT TO MEMBERS AND THE COMMUNITY BY BRINGING HIGH QUALITY CRAFTS AND PRODUCE TO THE MARKETPLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION OF A COMMUNITY MARKETPLACE ENVIRONMENT FOR THE SALE OF LOCALLY MADE OR GROWN HIGH QUALITY CRAFTS AND PRODUCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Denson Board Presid | Officer | 2 | $0 |
Catharine Kuerbis Board Secret | Officer | 2 | $0 |
John O'sullivan Board Chairm | Officer | 2 | $0 |
Delsey Maus Board Treasu | Officer | 2 | $0 |
Laura Beach-Fadden Board Member | Trustee | 2 | $0 |
Robin Bjurstrom Board Member | Trustee | 2 | $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 | $11,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,450 |
| Total Program Service Revenue | $266,355 |
| Investment income | $109 |
| 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 | $277,914 |
| 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 | $98,616 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,686 |
| Payroll taxes | $10,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,663 |
| Office expenses | $5,035 |
| Information technology | $700 |
| Royalties | $0 |
| Occupancy | $6,547 |
| Travel | $1,169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,108 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,551 |
| Insurance | $3,415 |
| All other expenses | $26,563 |
| Total functional expenses | $236,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,663 |
| Savings and temporary cash investments | $65,458 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $138,482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $222,603 |
| Accounts payable and accrued expenses | $2,821 |
| 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 | $52,383 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $55,204 |
| Net assets without donor restrictions | $0 |
| 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 | $167,399 |
| Total liabilities and net assets/fund balances | $222,603 |
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