Glenorchy Marketplace Foundation
- Assets
- $35.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 08/2017
- Data as of
- 03/2023
- EIN
- 98-1227742
Organization Overview
Glenorchy Marketplace Foundation is located in Bellevue, WA. The organization was established in 2017. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glenorchy Marketplace 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 03/2023, Glenorchy Marketplace Foundation generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $2.3m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUSTAINABLE COMMUNITY DEVELOPMENT IN GLENORCHY, NEW ZEALAND. PROJECT INCLUDES COMMUNITY STORE, PUBLIC CAMP GROUND, RESTORATION OF NATIVE LANDSCAPE, EDUCATING PUBLIC ON SUSTAINABLE PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Brainerd President / Director | 5 | $0 | |
Deborah Brainerd Vice President / Director | 2.5 | $0 | |
Katherine Schuitemaker Secretary (ceased 03/31/2023) | 1 | $28,049 | |
Krista Seymour Secretary / Treasurer | 1.5 | $0 | |
Andrew Spencer Director | 5 | $17,698 | |
Nz Employee 1 See Footnote Chef | 40 | $74,610 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,132,450 |
| Interest on Savings | $4,014 |
| Dividends & Interest | $1,226 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $773,470 |
| Other Income | $598,071 |
| Total Revenue | $2,509,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,747 |
| Other employee salaries and wages | $1,144,721 |
| Pension plans, employee benefits | $25,611 |
| Interest | $0 |
| Taxes | $18,500 |
| Depreciation | $210,258 |
| Occupancy | $209,309 |
| Travel, conferences, and meetings | $9,153 |
| Printing and publications | $0 |
| Other expenses | $503,523 |
| Total operating and administrative expenses | $2,337,386 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,337,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,319 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $42,359 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $35,291,936 |
| Total assets | $35,535,614 |
| Accounts payable and accrued expenses | $14,291 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,291 |