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Community Development : Housing and Neighborhood Development

Eastern Market Corporation

Since 1891

four stars

91.69

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

Board Leadership
Tom Lewand
Chairman

CEO
Dan Carmody
President

  Score
(out of 100)
Rating
Overall Score & Rating 91.69 four stars
  Financial 95.90 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 12/01/2016 and includes data from FY2015, the most recent 990 received at that time.

Learn more about how we calculate the overall score and rating.

Financial

four stars

95.90

Accountability & Transparency

three stars

89.00

This rating was published 12/01/2016 and includes data from FY2015, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity’s total expenses spent on the programs
and services it delivers)
79.4%
  Administrative Expenses 14.7%
  Fundraising Expenses 5.7%
  Fundraising Efficiency $0.05
  Working Capital Ratio (years) 2.15
  Program Expenses Growth 14.6%
  Liabilities to Assets 18.9%
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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Eastern Market Corporation (MI) 91.69 four stars
Beyond Housing (MO) 89.23 three stars
Citizens Committee for New York City (NY) 93.71 four stars
CompassPoint Nonprofit Services (CA) 85.16 three stars
MidTown Cleveland (OH) 88.76 three stars

Compare These Charities (Highly Rated)

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.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $4,470,576
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $4,470,576
   Program Service Revenue $0
Total Primary Revenue $4,470,576
   Other Revenue $1,457,181
TOTAL REVENUE $5,927,757
   
EXPENSES  
   Program Expenses $3,788,018
   Administrative Expenses $628,403
   Fundraising Expenses $278,162
TOTAL FUNCTIONAL EXPENSES $4,694,583
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,233,174
   
Net Assets $9,353,004

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 $3,638,648 96.1%
Food Access Support Program $149,370 3.9%

Ratings History
Eastern Market Corporation has received 3 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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, 2015
  • June, 2014
  • June, 2013
  • June, 2012
  • June, 2011

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

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Compensation % of Expenses Paid to Title
$152,778 3.25% Daniel Carmody President, CEO

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Eastern Market Corporation (MI) 91.69 four stars
Jewish National Fund, United States (NY) 93.82 four stars
Downtown Cleveland Alliance (OH) 85.45 three stars
KaBOOM! (DC) 88.43 three stars
MidTown Cleveland (OH) 88.76 three stars

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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

Tom Lewand
Chairman

CEO

Dan Carmody
President

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