745 East Market Street Corporation
- Assets
- $8.3m
- Revenue
- $101.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- Data as of
- 06/2024
- EIN
- 99-1209628
Organization Overview
745 East Market Street Corporation is located in Akron, OH. According to its NTEE Classification (F11) the organization is classified as: Single Organization Support, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 745 East Market Street Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
745 EAST MARKET STREET CORPORATION, (THE "CORPORATION") IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). IN FURTHERANCE THEREOF, BUT WITHOUT LIMITATION THEREON, THE CORPORATION SHALL AT ALL TIMES BE OPERATED AS AN ORGANIZATION THAT IS ORGANIZED, AND AT ALL TIMES OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE AND EDUCATIONAL PURPOSES OF COMMUNITY DRUG BOARD, INC., AN OHIO NONPROFIT CORPORATION ("SUPPORTED ORGANIZATION"). TO FURTHER THESE PURPOSES, THE CORPORATION WILL LEASE, HOLD, CONSTRUCT, DEVELOP, MAINTAIN, AND OPERATE AN APPROXIMATELY 2270 SQUARE FOOT FACILITY TO BE CONSTRUCTED AT 745 E. MARKET ST., AKRON, OHIO FOR USE AS PROGRAM AND OFFICE SPACE, KNOWN AS "ONE CAMPUS", AND OTHER USES RELATED THERETO, TOGETHER WITH SUCH OTHER ACTIVITIES AS MAY BE NECESSARY OR ADVISABLE IN CONNECTION THEREWITH (THE "
Describe the Organization's Program Activity:
Part 3 - Line 4a
OBTAINED NEW MARKET TAX CREDIT FINANCING FOR THE BENEFIT OF COMMUNITY DRUG BOARD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ala Abakumov Treasurer | OfficerTrustee | 1 | $0 |
Russ Balthis Director | Trustee | 1 | $0 |
Janet D'antonio Director | Trustee | 1 | $0 |
Adam Feltes Director | Trustee | 1 | $0 |
Mike Freeman Director | Trustee | 1 | $0 |
Lou Ann Metz Director | OfficerTrustee | 1 | $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 | $101,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,151 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,151 |
| 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 | $38,647 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $38,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,833,249 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $485,472 |
| Total assets | $8,318,721 |
| Accounts payable and accrued expenses | $0 |
| 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 | $8,676,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,676,000 |
| Net assets without donor restrictions | -$357,279 |
| 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 | $8,318,721 |