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Nonprofiteer
← SAN FRANCISCO MARKET CORPORATION

Form 990 for tax year 2022

Filed by SAN FRANCISCO MARKET CORPORATION.

Totals

Total revenue
$6,875,416
Total expenses
$4,042,271
Contributions and grants received
$586,000
Grants paid
$261,003
Program service revenue
$5,758,367
Investment income
$95,271
Other revenue
$435,778
Total assets, end of year
$49,737,336
Total liabilities, end of year
$4,117,723
Net assets or fund balances, end of year
$45,619,613
Program services expenses (Part IX)
$2,792,595
Management and general expenses
$764,410
Fundraising expenses
$485,266
Program service expenses (Part III)
$2,792,595

Program services were 69.1% 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.

  • 1e · Government grants (contributions)

    $76,000

  • 1f · All other contributions, gifts and grants

    $510,000

  • 2a · Program service revenue: RENTAL INCOME

    total $5,758,367 · related or exempt $5,758,367

  • 3 · Investment income

    total $96,721 · excluded $96,721

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

    other assets $1,450

  • 7c · Gain or loss

    other assets -$1,450

  • 7d · Net gain or loss

    total -$1,450 · excluded -$1,450

  • 11a · Other revenue: DOCK LOADING FEE

    total $290,094 · related or exempt $290,094

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $106,887 · related or exempt $106,887

  • 11c · Other revenue: UTILITY REIMBURSEMENT

    total $26,717 · related or exempt $26,717

  • 11d · All other revenue

    total $12,080 · related or exempt $12,080

  • 11e · Other revenue, total

    $435,778

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $261,003 · program services $261,003

  • 5 · Compensation of officers, directors and key employees

    total $251,099 · program services $98,110 · management and general $71,057 · fundraising $81,932

  • 7 · Other salaries and wages

    total $513,644 · program services $197,989 · management and general $142,960 · fundraising $172,695

  • 9 · Other employee benefits

    total $150,071 · program services $61,340 · management and general $44,860 · fundraising $43,871

  • 11b · Fees: legal

    total $50,036 · program services $50,036

  • 11c · Fees: accounting

    total $202,383 · management and general $202,383

  • 11d · Fees: lobbying

    total $87,000 · fundraising $87,000

  • 11g · Fees: other

    total $226,866 · program services $83,065 · management and general $67,118 · fundraising $76,683

  • 12 · Advertising and promotion

    total $3,842 · program services $1,921 · fundraising $1,921

  • 13 · Office expenses

    total $13,943 · program services $5,438 · management and general $3,904 · fundraising $4,601

  • 16 · Occupancy

    total $74,484 · program services $74,484

  • 20 · Interest

    total $97,127 · management and general $97,127

  • 22 · Depreciation, depletion and amortization

    total $873,369 · program services $847,414 · management and general $25,955

  • 24a · Other expenses: LANDLORD EXPENSES

    total $1,044,346 · program services $1,044,346

  • 24b · Other expenses: OTHER EXPENSES

    total $43,463 · program services $17,805 · management and general $22,354 · fundraising $3,304

  • 24c · Other expenses: OTHER PROFESSIONAL FEES

    total $38,418 · program services $10,104 · management and general $28,314

  • 24d · Other expenses: IT MAINTENANCE

    total $30,786 · program services $12,006 · management and general $8,620 · fundraising $10,160

  • 24e · All other expenses

    total $80,391 · program services $27,534 · management and general $49,758 · fundraising $3,099

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,149,962 · end of year $688,614

  • 2 · Savings and temporary cash investments

    beginning of year $16,300,023 · end of year $19,657,611

  • 4 · Accounts receivable

    beginning of year $247,015 · end of year $377,213

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,176 · end of year $66,210

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

    $35,046,337

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

    $7,200,001

  • 10c · Land, buildings and equipment, net

    beginning of year $27,166,467 · end of year $27,846,336

  • 15 · Other assets

    beginning of year $319,534 · end of year $1,101,352

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,473,648 · end of year $1,075,876

  • 23 · Secured mortgages and notes payable

    beginning of year $9,000,000 · end of year $1,200,000

  • 25 · Other liabilities

    beginning of year $4,543,706 · end of year $1,841,847

  • 27 · Net assets without donor restrictions

    beginning of year $38,195,823 · end of year $45,619,613

Mission and programs · 2022

Mission

THE MISSION OF THE SAN FRANCISCO MARKET CORPORATION IS TO LINK THE PRODUCE AND FOOD COMMUNITIES OF SAN FRANCISCO AND BEYOND THROUGH THE SUCCESSFUL OPERATION AND DEVELOPMENT OF THE SF MARKET.

Activities or mission (Part I)

SEE SCHEDULE O

  • PLEASE SEE THE SCHEDULE O DISCUSSION, RELATIVE TO FORM 990, PAGE 1, PART I, LINE 1

    Expenses $2,792,595 · Grants $261,003 · Revenue $6,194,145

As filed on the 2022 return.

Listed in Part VII

  • Ashleigh Harris

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Eli Zigas

    PRESIDENT (TO 7/26/22)

    Total calculated
    $0
    Hours/week
    1

  • Joshua Callahan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Yim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Cook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephany Thompson

    SECRETARY (TO 7/26/22)

    Total calculated
    $0
    Hours/week
    1

  • Tim Thomson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Virginia Hines

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • David Lea

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vincent Korta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Pizza

    MERCHANT

    Total calculated
    $0
    Hours/week
    1

  • Kevin Barnett

    DIRECTOR (FROM 5/24/22)

    Total calculated
    $0
    Hours/week
    1

  • Lesli Krasny

    DIRECTOR (FROM 3/22/22)

    Total calculated
    $0
    Hours/week
    1

  • Nancy Andrews

    DIRECTOR (FROM 10/19/22)

    Total calculated
    $0
    Hours/week
    1

  • Michael Janis

    GENERAL MANAGER

    Total calculated
    $258,837
    From this org
    $225,752
    From related orgs
    $0
    Other
    $33,085
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,752
    Bonus
    $0
    Other
    $0
    Deferred
    $18,060
    Nontaxable benefits
    $15,025
    Filer's total
    $258,837

  • Amy Branner

    DIRECTOR, FUND DEVELOPMENT

    Total calculated
    $175,542
    From this org
    $153,462
    From related orgs
    $0
    Other
    $22,080
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,462
    Bonus
    $0
    Other
    $0
    Deferred
    $10,978
    Nontaxable benefits
    $11,102
    Filer's total
    $175,542

  • Elizabeth Yu

    CONTROLLER

    Total calculated
    $139,686
    From this org
    $116,591
    From related orgs
    $0
    Other
    $23,095
    Hours/week
    40

  • Nathan Matson

    PROPERTY MANAGER

    Total calculated
    $133,974
    From this org
    $116,686
    From related orgs
    $0
    Other
    $17,288
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
EXECUTIVE COMPENSATION WAS APPROVED BY THE BOARD AS A PART OF THE OVERALL ORGANIZATIONAL BUDGET.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202343189349314364

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