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Nonprofiteer
← COMMON MARKET PHILADELPHIA INC

Form 990 for tax year 2024

Filed by COMMON MARKET PHILADELPHIA INC.

Totals

Total revenue
$7,372,212
Total expenses
$2,409,218
Contributions and grants received
$6,641,654
Grants paid
$0
Program service revenue
$1,387,220
Investment income
$553,496
Other revenue
-$1,210,158
Total assets, end of year
$36,215,866
Total liabilities, end of year
$12,340,815
Net assets or fund balances, end of year
$23,875,051
Program services expenses (Part IX)
$1,652,819
Management and general expenses
$603,319
Fundraising expenses
$153,080
Program service expenses (Part III)
$1,652,819

Program services were 68.6% 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.

  • 1f · All other contributions, gifts and grants

    $6,641,654

  • 2a · Program service revenue: MANAGEMENT FEES

    total $1,387,220 · related or exempt $1,387,220

  • 3 · Investment income

    total $553,496 · excluded $553,496

  • 6a · Gross rents

    real property $173,143

  • 6c · Rental income or loss

    real property $173,143

  • 6d · Net rental income or loss

    total $173,143 · excluded $173,143

  • 10b · Cost of goods sold

    $1,383,301

  • 10c · Net income from sales of inventory

    total -$1,383,301 · related or exempt -$1,383,301

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,275,669 · program services $752,645 · management and general $369,944 · fundraising $153,080

  • 11g · Fees: other

    total $138,912 · management and general $138,912

  • 12 · Advertising and promotion

    total $42,081 · program services $42,081

  • 19 · Conferences, conventions and meetings

    total $127,278 · program services $127,278

  • 20 · Interest

    total $150,593 · program services $150,593

  • 23 · Insurance

    total $278,653 · program services $278,653

  • 24a · Other expenses: TRADEMARK

    total $136,930 · program services $136,930

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $76,674 · program services $76,674

  • 24c · Other expenses: PROGRAM EXPENSES

    total $60,749 · program services $60,749

  • 24d · Other expenses: SUPPLIES & EQUIPMENT EXPE

    total $49,189 · management and general $49,189

  • 24e · All other expenses

    total $72,490 · program services $27,216 · management and general $45,274

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,130,668 · end of year $12,245,897

  • 3 · Pledges and grants receivable

    beginning of year $1,711,567 · end of year $1,052,627

  • 4 · Accounts receivable

    beginning of year $74,473

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,706 · end of year $13,264

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

    $12,912,524

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

    $3,713,794

  • 10c · Land, buildings and equipment, net

    beginning of year $5,846,700 · end of year $9,198,730

  • 11 · Investments: publicly traded securities

    beginning of year $6,966,526 · end of year $7,668,576

  • 15 · Other assets

    beginning of year $5,578,648 · end of year $6,036,772

  • 17 · Accounts payable and accrued expenses

    beginning of year $77,225 · end of year $123,402

  • 19 · Deferred revenue

    beginning of year $3,500 · end of year $3,500

  • 23 · Secured mortgages and notes payable

    beginning of year $6,588,273 · end of year $6,524,048

  • 24 · Unsecured notes and loans payable

    end of year $4,000,000

  • 25 · Other liabilities

    beginning of year $2,436,194 · end of year $1,689,865

  • 27 · Net assets without donor restrictions

    beginning of year $13,888,955 · end of year $19,567,270

  • 28 · Net assets with donor restrictions

    beginning of year $5,325,141 · end of year $4,307,781

Mission and programs · 2024

Mission

THE ORGANIZATION IS A NON-PROFIT THAT DISTRIBUTES LOCAL AND SUSTAINABLY PRODUCED FOODS. THE ORGANIZATION'S PUBLIC PURPOSE IS TO IMPLEMENT EDUCATION PROGRAMS THAT IMPROVE ACCESS TO LOCAL FOODS FOR RESIDENTS OF UNDERSERVED LOW INCOME COMMUNITIES; AND TO INFORM INSTITUTIONS AND BUSINESSES OF THE OPPORTUNITIES TO ADD VALUE TO LOCAL FARM PRODUCTS BY PROCESSING THEM FOR THEIR CONSTITUENTS AND CUSTOMERS. OUR PUBLIC PURPOSE IS TO ALSO ESTABLISH WHOLESALE DISTRIBUTION OF LOCALLY PRODUCED FARM PRODUCTS SO THAT THE SUPPLY OF LOCALLY PRODUCED FARM FOOD IS ASSURED. THE MISSION IS TO CONNECT COMMUNITIES WITH GOOD FOOD FROM SUSTAINABLE FAMILY FARMS. IT STRIVES TO IMPROVE FOOD SECURITY, FARM VIABILITY AND COMMUNITY AND ECOLOGICAL HEALTH.

  • DISTRIBUTION OF LOCALLY GROWN PHILADELPHIA AREA PRODUCE. IN AN EFFORT TO SUSTAIN AND PROMOTE THE REGIONAL FARM SYSTEM.

    Expenses $1,652,819

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Haile Johnston

    CHIEF DEVELO

    Total calculated
    $265,422
    From this org
    $265,422
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $265,422
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $265,422

  • Tatiana Garcia-Granados

    BOARD MEMBER

    Total calculated
    $259,072
    From this org
    $259,072
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $259,072
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $259,072

  • Kris Marx

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Madeline Rotman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Andrea Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Erica Burnette

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Michele Box

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Ron Albahary

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Anneliese Tanner

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Harold Dutton

    CFO

    Total calculated
    $171,887
    From this org
    $171,887
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $171,887
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $171,887

  • M James Faison

    MEMBER

    Total calculated
    $0
    Hours/week
    5

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

None.

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

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.0
Source object
202502949349301885

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