Overview
What is Boston Public Market Association Inc?
Boston Public Market Association Inc is a nonprofit organization based in Boston, Massachusetts. Their primary focus is on the development and operation of a year-round, permanent market in the city, providing a platform for local farmers, fishermen, and entrepreneurs to sell their food products. They also operate a seasonal farmers market in downtown Boston, offering urban settings for over 10 vendors to showcase their food products. The organization supports this community by accepting WIC, senior coupons, and participating in an EBT/SNAP matching program that doubles the value of produce for eligible consumers, up to $40 per month. Boston Public Market Association Inc also offers free educational programming for both customers and the community, and collaborates with related non-profit organizations. The organization's mission is to nourish the community with food and experiences while supporting local growers, fishers, and producers. With a workforce of 9 individuals, they are committed to operating the market and promoting local food culture in Boston.
Official website here: www.bostonpublicmarket.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star Rating
The Boston Public Market Association Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The high score is primarily based on the organization's adherence to financial best practices, including a 15.20% liabilities to assets ratio, which indicates a solid financial standing. Additionally, the organization has successfully maintained a program expense ratio of 86%, demonstrating a strong commitment to its mission.
The organization boasts a fully independent board, with 100% of its members meeting this criterion. This independence is crucial for effective governance and transparency. Furthermore, the presence of an Audit and Oversight Committee, along with comprehensive policies such as conflict of interest and whistleblower protections, underscores its commitment to ethical management and oversight.
While the organization demonstrates exceptional financial health and governance practices, the summary does not indicate any specific areas for improvement or limitations. Overall, the Boston Public Market Association Inc exemplifies a robust nonprofit with a clear focus on accountability, making it a trustworthy choice for donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Boston Public Market Association Inc legitimate?
Boston Public Market Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boston Public Market Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $257,115
Professional Fundraising Fees: $0
Other Salaries and Wages: $322,035
For more financial information, click here
Official website here: www.bostonpublicmarket.org
What is the mission statement of Boston Public Market Association Inc?
The Boston Public Market Association Inc's mission is centered around continuously developing and managing a year-round marketplace. This marketplace serves as a platform to support local farmers, fishermen, and entrepreneurs who produce and sell food products. The association's objective is to nourish the community not only with food but also with enriching experiences. The organization operates a seasonal farmers market in addition to the permanent one, providing a urban setting for eligible vendors to sell their products. The Boston Public Market Association Inc also participates in various programs to make healthy food accessible, such as WIC, Senior Coupons, and an EBT/SNAP matching program that offers double value on produce up to a certain amount. Furthermore, the association offers free educational programming for both customers and members of the community, and allows related non-profit organizations to collaborate at the farmers markets.
Official website here: www.bostonpublicmarket.org
Who is the CEO of Boston Public Market Association Inc?
Cheryl Cronin is the Vice Chair of Boston Public Market Association Inc. The CEO's salary of Boston Public Market Association Inc is $246,409 and their total compensation is $257,115.
Official website here: www.bostonpublicmarket.org
What is the revenue of Boston Public Market Association Inc?
Boston Public Market Association Inc's revenue in 2022 was $2,523,196.
Official website here: www.bostonpublicmarket.org
Who are the executives of Boston Public Market Association Inc and what are their salaries?
The average compensation at Boston Public Market Association Inc during 2022 was $64,350. There are 9 employees and 15 volunteers at Boston Public Market Association Inc.
Here are 13 key members and their salaries (Boston Public Market Association Inc's CEO's salary is $246,409 and their total compensation is $257,115):
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- Compensation: $246,409
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- Other: $10,706
Official website here: www.bostonpublicmarket.org
Where can I find the form 990 for Boston Public Market Association Inc?
Boston Public Market Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bostonpublicmarket.org
Learn more at the official website: www.bostonpublicmarket.org
Mission Statement of Boston Public Market Association Inc
Boston Public Market Association Inc is committed to advancing its mission by continually developing and managing a permanent year-round market in the city. This market serves as a platform to support local farmers, fishermen, and entrepreneurs who produce food within the community. The association's objective is to nourish the community not only through food but also by providing enriching experiences.
By operating this market, Boston Public Market Association Inc aims to provide a space for these local producers to showcase and sell their products. This includes farmers who grow fresh produce, fishermen who catch seafood, and entrepreneurs who create various food products. The association accepts various forms of payment, including WIC, senior coupons, and participates in an EBT/SNAP matching program, allowing consumers to receive double value on produce up to $40 per month. The market also offers free educational programming for both customers and members of the community, and allows related non-profit organizations to collaborate.
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Impact
July, 2024
Boston Public Market Association Inc has a significant impact on the local community by supporting farmers, fishers, and entrepreneurs who grow, catch, and produce local food. Through their operations of both a permanent year-round market and seasonal farmers market in downtown Boston, they provide a platform for over 10 local vendors to sell their food products. Additionally, they actively promote accessibility to fresh produce by accepting WIC, senior coupons, and participating in EBT/SNAP matching programs that double the value of produce for consumers. Their farmers markets also offer free educational programming for customers and community members, fostering collaboration with non-profit organizations. This commitment to nourishing the community with food and experiences demonstrates their dedication to promoting public benefit and supporting local food systems in Boston.
This information is meant to be a general summary of Boston Public Market Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,215,945
- Gross Receipts: $2,572,176
Assets and Liabilities:
- Total Assets: $10,512,049
- Total Liabilities: $1,597,854
- Net Assets: $8,914,195
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MARKET RENTAL
Revenue
$1,215,945
Organization Details
Founding Year
2001
Phone
(617) 973-4909Principal Officer
Cheryl Cronin
Main Address
PO BOX 130457, BOSTON, MA, 02113
Website
www.bostonpublicmarket.orgNTEE Category
Code: W99 - Public benefit
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