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Nonprofiteer
← 745 EAST MARKET STREET CORPORATION

Form 990 for tax year 2024

Filed by 745 EAST MARKET STREET CORPORATION.

Totals

Total revenue
$90,235
Total expenses
$233,614
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$90,235
Other revenue
$0
Total assets, end of year
$15,603,217
Total liabilities, end of year
$15,684,092
Net assets or fund balances, end of year
-$80,875
Program services expenses (Part IX)
$105,399
Management and general expenses
$128,067
Fundraising expenses
$148
Program service expenses (Part III)
$105,399

Program services were 45.1% 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.

  • 3 · Investment income

    total $90,235 · excluded $90,235

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $11,001 · program services $9,106 · management and general $1,858 · fundraising $37

  • 13 · Office expenses

    total $11,875 · program services $9,830 · management and general $2,005 · fundraising $40

  • 20 · Interest

    total $140,416 · program services $41,128 · management and general $99,288

  • 22 · Depreciation, depletion and amortization

    total $70,322 · program services $45,335 · management and general $24,916 · fundraising $71

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,833,249 · end of year $1,025,344

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

    $8,075,145

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

    $70,322

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $8,004,823

  • 15 · Other assets

    beginning of year $485,472 · end of year $6,573,050

  • 23 · Secured mortgages and notes payable

    beginning of year $8,676,000 · end of year $8,690,542

  • 25 · Other liabilities

    beginning of year $0 · end of year $6,993,550

  • 27 · Net assets without donor restrictions

    beginning of year -$357,279 · end of year -$80,875

Mission and programs · 2024

Mission

TO LEASE, HOLD, CONSTRUCT, DEVELOP, MAINTAIN AND OPERATE A FACILITY TO BE CONSTRUCTED AT 745 E. MARKET ST. AKRON, OHIO FOR USE AS PROGRAM AND OFFICE SPACE.

Activities or mission (Part I)

745 E. 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 FURHTER THESE PURPOSES, THE CORPORATION WILL LEASE, HOLD, CONSTRUCT, DEVELOP, MAINTAIN, AND OPERATE AN APPROX. 2270 SQ FT 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 "PROJECT").

  • OBTAINED NEW MARKET TAX CREDIT FINANCING FOR THE BENEFIT OF COMMUNITY DRUG BOARD AND COMPLETED THE FACILITY, WHICH IS NOW OPERATED.

    Expenses $105,399

As filed on the 2024 return.

Listed in Part VII

  • China Darrington

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jackie Hemsworth

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lauren Green-Hull

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Connie Porter

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Seth Andrew Smolen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Becky C Ryba

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christopher K Foy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Janet L Wagner

    CEO

    Total calculated
    $214,204
    From this org
    $0
    From related orgs
    $205,058
    Other
    $9,146
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,058 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,146 related
    Filer's total
    $0 + $214,204 related

  • Michelle Marshall

    CFO

    Total calculated
    $154,042
    From this org
    $0
    From related orgs
    $136,253
    Other
    $17,789
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,253 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,789 related
    Filer's total
    $0 + $154,042 related

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
4 March 2026
IRS schema version
2024v5.5
Source object
202610639349301966

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