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Nonprofiteer
← COMMON MARKET TEXAS INCORPORATED

Form 990 for tax year 2022

Filed by COMMON MARKET TEXAS INCORPORATED.

Totals

Total revenue
$181,267
Total expenses
$359,953
Contributions and grants received
$177,751
Grants paid
$0
Program service revenue
$30,000
Investment income
$0
Other revenue
-$26,484
Total assets, end of year
$495,827
Total liabilities, end of year
$598,789
Net assets or fund balances, end of year
-$102,962
Program services expenses (Part IX)
$286,838
Management and general expenses
$59,062
Fundraising expenses
$14,053
Program service expenses (Part III)
$286,838

Program services were 79.7% 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

    $177,751

  • 2a · Program service revenue: FEE FOR SERVICE CONTRACTS

    total $30,000 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $872,676

  • 10b · Cost of goods sold

    $899,160

  • 10c · Net income from sales of inventory

    total -$26,484 · related or exempt -$26,484

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $89,262 · program services $52,665 · management and general $25,886 · fundraising $10,711

  • 7 · Other salaries and wages

    total $17,355 · program services $10,239 · management and general $5,033 · fundraising $2,083

  • 9 · Other employee benefits

    total $3,398 · program services $2,005 · management and general $985 · fundraising $408

  • 10 · Payroll taxes

    total $7,091 · program services $4,184 · management and general $2,056 · fundraising $851

  • 11g · Fees: other

    total $3,521 · program services $0 · management and general $3,521 · fundraising $0

  • 12 · Advertising and promotion

    total $13,654 · program services $2,357 · management and general $11,297 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $8,215 · program services $8,215 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $4,259 · program services $0 · management and general $4,259 · fundraising $0

  • 24a · Other expenses: BANK CHARGES

    total $368 · program services $0 · management and general $368 · fundraising $0

  • 24b · Other expenses: STAFF TRAINING

    total $5,966 · program services $5,966 · management and general $0 · fundraising $0

  • 24c · Other expenses: FOOD ACCESS FUND PROGRAM

    total $200,851 · program services $200,851 · management and general $0 · fundraising $0

  • 24d · Other expenses: SUPPLIES

    total $5,657 · program services $0 · management and general $5,657 · fundraising $0

  • 24e · All other expenses

    total $356 · program services $356 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,282 · end of year $13,091

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $5,000

  • 4 · Accounts receivable

    beginning of year $32,710 · end of year $22,306

  • 7 · Other notes and loans receivable

    end of year $40,000

  • 8 · Inventories for sale or use

    beginning of year $46,883 · end of year $58,413

  • 15 · Other assets

    beginning of year $154,740 · end of year $357,017

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,868 · end of year $40,609

  • 19 · Deferred revenue

    end of year $558,180

  • 27 · Net assets without donor restrictions

    beginning of year $210,747 · end of year -$102,962

Mission and programs · 2022

Mission

THE ORGANIZATION IS A NON-PROFIT THAT DISTRIBUTES LOCAL AND SUSTAINABLY PRODUCED FOODS. THE ORGANIZATION'S PUBLIC PURPOSE IS TO IMPLEMENT EDUCATIONAL PROGRAMS THAT IMPROVE ACCESS TO LOCAL FOODS FOR RESIDENTS OF UNDERSERVED AREAS

  • DISTRIBUTION OF LOCALLY GROWN TEXAS AREA PRODUCE. IN AN EFFORT TO SUSTAIN AND PROMOTE THE REGIONAL FARM SYSTEM AND EXPAND COMMUNITY FOOD ACCESS. NOT INCLUDED IN PROGRAM INCOME AND EXPENSES WERE $872,676 IN GROSS SALES OF LOCAL PRODUCE AND $899,160 IN COST OF GOODS SOLD

    Expenses $286,838

As filed on the 2022 return.

Listed in Part VII

  • Evan Driscoll

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Haile Johnston

    BOARD MEMBER

    Total calculated
    $190,718
    From this org
    $0
    From related orgs
    $0
    Other
    $190,718
    Hours/week
    5

  • Margaret Smith

    EXECUTIVE DIRECTOR

    Total calculated
    $89,262
    From this org
    $89,262
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Megan Hoag

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Robert Maggiani

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Sam Newman

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Anneliese Tanner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Lharissa Jacobs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Eddie Andrew

    TREASURER

    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.

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
2022
Filed
6 September 2023
IRS schema version
2022v5.0
Source object
202312499349301871

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