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Nonprofiteer
← EAGLE MARKET STREETS DEVELOPMENT

Form 990 for tax year 2022

Filed by EAGLE MARKET STREETS DEVELOPMENT.

Totals

Total revenue
$3,101,437
Total expenses
$2,545,293
Contributions and grants received
$3,011,382
Grants paid
$524,000
Program service revenue
$53,415
Investment income
$36,640
Other revenue
$0
Total assets, end of year
$4,860,691
Total liabilities, end of year
$2,229,878
Net assets or fund balances, end of year
$2,630,813
Program services expenses (Part IX)
$2,165,710
Management and general expenses
$379,583
Fundraising expenses
$0
Program service expenses (Part III)
$2,165,710

Program services were 85.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $14,436

  • 1e · Government grants (contributions)

    $792,698

  • 1f · All other contributions, gifts and grants

    $2,204,248

  • 2a · Program service revenue: FISCAL SPONSORSHIP

    total $23,568 · related or exempt $23,568

  • 2b · Program service revenue: INCUBATION FACILITY

    total $19,552 · related or exempt $19,552

  • 2c · Program service revenue: BLOCK-BY-BLOCK

    total $3,879 · related or exempt $3,879

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $3,000 · related or exempt $3,000

  • 2e · Program service revenue: CVC CAFE REVENUES

    total $2,949 · related or exempt $2,949

  • 2f · All other program service revenue

    total $467 · related or exempt $467

  • 3 · Investment income

    total $108 · excluded $108

  • 7a · Gross sales of assets other than inventory

    other assets $40,500

  • 7b · Less cost or other basis and sales expenses

    securities $3,968

  • 7c · Gain or loss

    securities -$3,968 · other assets $40,500

  • 7d · Net gain or loss

    total $36,532 · excluded $36,532

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $524,000 · program services $524,000

  • 5 · Compensation of officers, directors and key employees

    total $40,459 · program services $30,344 · management and general $10,115

  • 7 · Other salaries and wages

    total $717,186 · program services $537,890 · management and general $179,296

  • 9 · Other employee benefits

    total $12,585 · program services $9,438 · management and general $3,147

  • 10 · Payroll taxes

    total $64,082 · program services $48,061 · management and general $16,021

  • 11b · Fees: legal

    total $2,498 · management and general $2,498

  • 11c · Fees: accounting

    total $17,810 · management and general $17,810

  • 11g · Fees: other

    total $933,139 · program services $809,880 · management and general $123,259

  • 12 · Advertising and promotion

    total $29,996 · program services $29,996

  • 13 · Office expenses

    total $114,336 · program services $97,186 · management and general $17,150

  • 16 · Occupancy

    total $32,995 · program services $24,746 · management and general $8,249

  • 17 · Travel

    total $16,015 · program services $16,015

  • 20 · Interest

    total $17,390 · program services $17,390

  • 23 · Insurance

    total $20,379 · program services $18,341 · management and general $2,038

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $2,086 · program services $2,086

  • 24b · Other expenses: CONSIGNMENT VENDORS

    total $337 · program services $337

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,755,315 · end of year $1,849,451

  • 4 · Accounts receivable

    beginning of year $13,272 · end of year $267,770

  • 10a · Land, buildings and equipment: cost or other basis

    $2,314,927

  • 10b · Land, buildings and equipment: accumulated depreciation

    $149,603

  • 10c · Land, buildings and equipment, net

    beginning of year $382,637 · end of year $2,165,324

  • 11 · Investments: publicly traded securities

    beginning of year $230,332 · end of year $432,970

  • 12 · Investments: other securities

    beginning of year $268,501 · end of year $131,235

  • 15 · Other assets

    end of year $13,941

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,654 · end of year $26,464

  • 23 · Secured mortgages and notes payable

    beginning of year $170,000 · end of year $2,091,590

  • 24 · Unsecured notes and loans payable

    beginning of year $10,186 · end of year $10,186

  • 25 · Other liabilities

    beginning of year $83,663 · end of year $101,638

  • 27 · Net assets without donor restrictions

    beginning of year $2,326,554 · end of year $2,630,813

Mission and programs · 2022

Mission

TO DEVELOP PEOPLE, PROPERTY AND BUSINESSES AND ENVISION EQUITABLE, INCLUSIVE SOCIO-ECONOMIC JUSTICE FOR ALL.

Activities or mission (Part I)

THE MISSION OF EAGLE MARKET STREETS DEVELOPMENT CORPORATION, CDC IS TO DEVELOP PEOPLE, PROPERTY AND BUSINESSES AND ENVISIONS EQUITABLE, INCLUSIVE SOCIO-ECONOMIC JUSTICE FOR ALL.

  • ALL PROGRAMS RELATE TO COMMUNITY AND PROPERTY DEVELOPMENT, ECONOMIC BUSINESS AND WORKFORCE DEVELOPMENT WHERE COMMUNITIES OF COLOR AND UNDERSERVED POPULATIONS ARE ELEVATED FROM POVERTY BY MEANS OF EDUCATION AND SOCIAL ENTREPRENEURSHIP.

    Expenses $2,165,710 · Grants $524,000 · Revenue $53,415

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marvin Chambers

    CHAIR

    Total calculated
    $0
    Hours/week
    0.4

  • Lajune Waterford

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.4

  • Elizabeth Russell

    TREASURER

    Total calculated
    $0
    Hours/week
    0.4

  • Rosie Harrell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Carolina Siliceo Perez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Stephanie S Twitty

    PRESIDENT CE

    Total calculated
    $40,458
    From this org
    $40,458
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349304333

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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