Skip to content
Nonprofiteer
← COMMON MARKET PHILADELPHIA INC

Form 990 for tax year 2022

Filed by COMMON MARKET PHILADELPHIA INC.

Totals

Total revenue
$5,617,085
Total expenses
$1,682,489
Contributions and grants received
$5,013,566
Grants paid
$0
Program service revenue
$1,058,516
Investment income
$81,765
Other revenue
-$536,762
Total assets, end of year
$20,628,341
Total liabilities, end of year
$2,949,008
Net assets or fund balances, end of year
$17,679,333
Program services expenses (Part IX)
$1,093,990
Management and general expenses
$479,534
Fundraising expenses
$108,965
Program service expenses (Part III)
$1,093,990

Program services were 65.0% 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

    $5,013,566

  • 2a · Program service revenue: MANAGEMENT FEES

    total $984,808 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: FEE FOR SERVICE

    total $73,708 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $81,765 · unrelated business $0 · excluded $81,765

  • 6a · Gross rents

    real property $159,176

  • 6c · Rental income or loss

    real property $159,176

  • 6d · Net rental income or loss

    total $159,176 · excluded $159,176

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $695,938

  • 10c · Net income from sales of inventory

    total -$695,938 · related or exempt -$695,938

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $375,493 · program services $221,541 · management and general $108,893 · fundraising $45,059

  • 7 · Other salaries and wages

    total $407,485 · program services $240,416 · management and general $118,171 · fundraising $48,898

  • 9 · Other employee benefits

    total $70,001 · program services $41,301 · management and general $20,300 · fundraising $8,400

  • 10 · Payroll taxes

    total $55,063 · program services $32,487 · management and general $15,968 · fundraising $6,608

  • 11g · Fees: other

    total $55,681 · program services $0 · management and general $55,681 · fundraising $0

  • 12 · Advertising and promotion

    total $78,583 · program services $78,583 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $27,113 · program services $27,113 · management and general $0 · fundraising $0

  • 20 · Interest

    total $136,074 · program services $136,074 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $755 · program services $755 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $199,074 · program services $157,216 · management and general $41,858 · fundraising $0

  • 24a · Other expenses: TAXES AND REGULATIONS

    total $41,761 · program services $0 · management and general $41,761 · fundraising $0

  • 24b · Other expenses: BANK SERVICE CHARGES

    total $31,893 · program services $0 · management and general $31,893 · fundraising $0

  • 24c · Other expenses: SUPPLIES & EQUIPMENT EXPENSE

    total $40,057 · program services $0 · management and general $40,057 · fundraising $0

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $58,622 · program services $53,670 · management and general $4,952 · fundraising $0

  • 24e · All other expenses

    total $104,834 · program services $104,834 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,831,435 · end of year $3,328,720

  • 3 · Pledges and grants receivable

    beginning of year $1,044,565 · end of year $1,884,633

  • 4 · Accounts receivable

    beginning of year $30,842 · end of year $2,719

  • 7 · Other notes and loans receivable

    beginning of year $25,000 · end of year $236,983

  • 9 · Prepaid expenses and deferred charges

    beginning of year $510,344 · end of year $18,984

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

    $8,112,734

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

    $2,667,995

  • 10c · Land, buildings and equipment, net

    beginning of year $5,717,516 · end of year $5,444,739

  • 11 · Investments: publicly traded securities

    end of year $9,216,425

  • 12 · Investments: other securities

    beginning of year $5,166 · end of year $5,298

  • 14 · Intangible assets

    beginning of year $6,299 · end of year $5,543

  • 15 · Other assets

    beginning of year $186,242 · end of year $484,297

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,904 · end of year $82,607

  • 19 · Deferred revenue

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

  • 23 · Secured mortgages and notes payable

    beginning of year $3,231,745 · end of year $2,844,637

  • 25 · Other liabilities

    beginning of year $0 · end of year $18,264

  • 27 · Net assets without donor restrictions

    beginning of year $12,772,039 · end of year $13,536,063

  • 28 · Net assets with donor restrictions

    beginning of year $2,305,221 · end of year $4,143,270

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 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.

Activities or mission (Part I)

SEE PART III, LINE 1

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

    Expenses $1,093,990

As filed on the 2022 return.

Listed in Part VII

  • Haile Johnston

    Chief Development Officer/Board member

    Total calculated
    $190,718
    From this org
    $190,718
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,718
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $190,718

  • Tatiana Garcia-Granados

    Board Member and COO

    Total calculated
    $184,775
    From this org
    $184,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,775
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $184,775

  • Kris Marx

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Clayton Mitchel

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Cristina Hug

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Madeline Rotman

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Andrea Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Erica Burnette

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Michele Box

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ron Albahary

    MEMBER

    Total calculated
    $0
    Hours/week
    2

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
2022
Filed
6 September 2023
IRS schema version
2022v5.0
Source object
202332499349301573

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

The source document this was parsed from is served over the API, which is where bulk and document access live.