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Community Development : Housing and Neighborhood Development

Eastern Market Corporation

Since 1891

four stars

91.59

2934 Russell Street Detroit, MI 48207
tel: (313) 833-9300   Web Site
EIN: 32-0030432

Board Leadership
Jason Grobbel
Chairman

CEO
Dan Carmody
President

 
 
  Score
(out of 100) 		Rating
Overall Score & Rating 91.59 four stars
  Financial 90.39 four stars
  Accountability & Transparency 93.00 four stars
This rating was published 11/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Why isn't this based on more recent data?

The mission of the Eastern Market Corporation is to mobilize leadership and resources to achieve stakeholders vision for the Eastern Market District and make the Eastern Market the undisputed center for fresh and nutritious food in southeast Michigan. Our vision includes strengthening the identity of the Eastern Market as a food-related district by enhancing the operations of the existing public market and by developing business opportunities for specialty food retailers, food wholesale operations, restaurants, food distributors, and food processors.

The mission of the Eastern Market Corporation is to mobilize leadership and resources to achieve stakeholders vision for the Eastern Market District and make the Eastern Market the undisputed center for fresh and nutritious food in southeast Michigan. Our vision includes strengthening the identity of the Eastern Market as a food-related district by enhancing the operations of the existing public market and by developing business opportunities for specialty food retailers, food wholesale operations, restaurants, food distributors, and food processors.

Impact Information

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Financial

four stars

90.39

Accountability & Transparency

four stars

93.00

This rating was published 11/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Why isn't this based on more recent data?
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)		 75.0%
  Administrative Expenses 17.7%
  Fundraising Expenses 7.2%
  Fundraising Efficiency $0.10
  Working Capital Ratio (years) 1.49
  Program Expenses Growth 8.3%
  Liabilities to Assets 10.5%
All data for Financial Performance Metrics calculations was provided by Eastern Market Corporation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Eastern Market Corporation on recent 990s filed with the IRS.
Information Provided on the Form 990  
  Independent Voting Board Members
  No Material diversion of assets
  Audited financials prepared by independent accountant
  Does Not Provide Loan(s) to or Receive Loan(s) From related parties
  Documents Board Meeting Minutes
  Provided copy of Form 990 to organization's governing body in advance of filing
  Conflict of Interest Policy
  Whistleblower Policy
  Records Retention and Destruction Policy
  CEO listed with salary
  Process for determining CEO compensation
  Board Listed / Board Members Not Compensated
Is the following information easily accessible on the charity's website?  
  Donor Privacy Policy
  Board Members Listed
  Audited Financials
  Form 990
  Key staff listed

Highly Rated

Charity Name & State Overall Score Overall Rating
Eastern Market Corporation (MI) 91.59 four stars
Mayor's Fund to Advance New York City (NY) 89.02 three stars
Brighton Park Neighborhood Council (IL) 90.03 four stars
West Valley Community Services (CA) 87.65 three stars
Center for Community Change (DC) 89.82 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,908,988
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $50,500
   Related Organizations $0
   Government Grants $0
Total Contributions $2,959,488
   Program Service Revenue $0
Total Primary Revenue $2,959,488
   Other Revenue $1,876,027
TOTAL REVENUE $4,835,515
   
EXPENSES  
   Program Expenses $4,805,198
   Administrative Expenses $878,126
   Fundraising Expenses $378,009
TOTAL FUNCTIONAL EXPENSES $6,061,333
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-1,225,818
   
Net Assets $8,590,294

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Public Market Activities $3,363,639 70.0%
Food Access Support Program $1,441,559 30.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 11/01/2019 91.59 four stars
2017-06 09/01/2018 89.99 three stars
2016-06 12/22/2017 91.50 four stars
2015-06 12/01/2016 91.69 four stars
2014-06 06/01/2016 91.60 four stars
 
CN 2.0
2014-06 11/01/2015 91.57 four stars
2013-06 05/01/2014 90.44 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 32-0030432
Name in IRS Master File EASTERN MARKET CORPORATIOIN
NTEE Code K99
NTEE Classification Food, Agriculture, and Nutrition N.E.C.
NTEE Type Food, Agriculture and Nutrition
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 2003
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)		 (Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$134,818 2.22% Daniel Carmody President & CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Eastern Market Corporation (MI) 91.59 four stars
The Pike Place Market Foundation (WA) 97.17 four stars
Robin Hood Foundation (NY) 92.38 four stars
Ohio City Incorporated (OH) 85.06 three stars
Staten Island Economic Development Corporation (SIEDC) (NY) 86.23 three stars

Compare These Charities (Highly Rated)

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Charity Contact Info

Eastern Market Corporation
2934 Russell Street
Detroit, MI 48207
tel: (313) 833-9300
EIN: 32-0030432

Visit Web Site

Board Leadership

Jason Grobbel
Chairman

CEO

Dan Carmody
President

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