Overview
What is Marketumbrellaorg?
Marketumbrellaorg, based in New Orleans, Louisiana, is a dedicated nonprofit organization that focuses on fostering community markets. They leverage local resources to maintain authentic local traditions, believing that ambitious social, health, environmental, and financial goals can be achieved through trust and respect. The organization's flagship project, the Crescent City Farmers Market, operates six days a week in Orleans and Jefferson Parishes, ensuring access to healthy local food for various age groups. Marketumbrellaorg assists other markets in measuring their economic impact using their own developed tools, hosts workshops on funding strategies and best practices, and launches programs targeting specific agriculturally-based enterprises. It serves as a bridge between research and practice by testing theories about public markets through its longest-running program, the Crescent City Farmers Market. With a team of 22 individuals, Marketumbrellaorg is committed to cultivating thriving community markets.
Official website here: www.marketumbrella.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
Marketumbrellaorg has achieved a remarkable 97% score from Charity Navigator, indicating a high level of accountability and financial health. The charity's strong performance in the Accountability & Finance category reflects its commitment to transparent operations and responsible financial management, with 100% of its board members being independent, which enhances its governance structure.
Strengths of Marketumbrellaorg include a robust program expense ratio of 71.13%, demonstrating that a significant portion of its resources is directed toward its programs. Additionally, the organization has an impressive fundraising efficiency ratio of $0.06, signaling that it is effective in raising funds with minimal costs. Its low liabilities to assets ratio of 6.55% further highlights financial stability and prudent management of resources.
While the data showcases many strengths, it is important for potential donors and stakeholders to stay informed about the organization's ongoing activities and impact. Although no significant limitations were noted, maintaining transparency and continuous improvement will be essential for sustaining its high ratings and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Marketumbrellaorg legitimate?
Marketumbrellaorg is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marketumbrellaorg 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: $152,874
Professional Fundraising Fees: $0
Other Salaries and Wages: $380,560
For more financial information, click here
Official website here: www.marketumbrella.org
What is the mission statement of Marketumbrellaorg?
Marketumbrella.org, often referred to as MUO, strives to foster community markets that leverage local resources to strengthen authentic local traditions. They believe that ambitious social, health, environmental, and financial goals can be achieved when trust and respect are prevalent. MUO's programs include assisting other markets in measuring their economic impact using self-developed tools, hosting workshops to develop funding strategies and best practices, and launching and conducting numerous programs targeting specific agriculture-based enterprises. Additionally, MUO serves both researchers and practitioners by testing theories about public markets through the operation of its longest-running program, the Crescent City Farmers Market.
Official website here: www.marketumbrella.org
Who is the CEO of Marketumbrellaorg?
Angelina Harrison is the Director of Marketumbrellaorg.
Official website here: www.marketumbrella.org
What is the revenue of Marketumbrellaorg?
Marketumbrellaorg's revenue in 2022 was $2,586,061.
Official website here: www.marketumbrella.org
Who are the executives of Marketumbrellaorg and what are their salaries?
The average compensation at Marketumbrellaorg during 2022 was $24,247. There are 22 employees and 18 volunteers at Marketumbrellaorg.
Here are 19 key members and their salaries:
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Official website here: www.marketumbrella.org
Where can I find the form 990 for Marketumbrellaorg?
Marketumbrellaorg's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marketumbrella.org
Learn more at the official website: www.marketumbrella.org
Mission Statement of Marketumbrellaorg
Marketumbrella.org, or Market Umbrella, is a nonprofit organization that aims to foster community markets by leveraging local resources to preserve authentic local traditions. Market Umbrella believes that ambitious social, health, environmental, and financial goals can be achieved when trust and respect are present. Their programs involve assisting other markets in measuring their own economic impact using their developed tools, hosting workshops to develop funding strategies and best practices, and launching and conducting various programs that target specific agriculturally based enterprises. Market Umbrella serves both research and practitioner communities by testing theories about public markets through the operation of its longest-running program, the Crescent City Farmers Market. The organization's mission is to cultivate community markets that utilize local resources to bolster authentic local traditions, and in doing so, contribute to the achievement of ambitious social, health, environmental, and financial goals.
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Impact
October, 2024
Marketumbrella.org plays a pivotal role in enhancing community markets by fostering connections between local producers and consumers. Through initiatives like the Crescent City Farmers Market, it provides a well-organized platform for vendors to showcase local foods, ensuring that individuals of all ages have access to healthy options. This not only bolsters local economies but also nurtures authentic local traditions.
By assisting other markets in measuring their economic impact and offering workshops on effective funding strategies, Marketumbrella.org strengthens the foundation of community markets across the region. Its commitment to ambitious social, health, environmental, and financial goals is rooted in the principles of trust and respect, creating a collaborative environment that benefits everyone involved.
Furthermore, by conducting programs that target specific agriculturally based enterprises, Marketumbrella.org addresses the unique needs of the community and promotes sustainable practices. The ongoing operation of the Crescent City Farmers Market serves as a testbed for research and development, providing valuable insights that can be applied to other markets, ultimately enhancing the overall impact on the community.
This information is meant to be a general summary of Marketumbrellaorg. 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: $180,026
- Gross Receipts: $2,587,344
Assets and Liabilities:
- Total Assets: $2,280,545
- Total Liabilities: $149,478
- Net Assets: $2,131,067
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VENDOR BOOTH RENTAL
Revenue
$135,580
MARKET MANAGEMENT FEES
Revenue
$31,492
CREDIT CARD ADMIN CHAR
Revenue
$12,954
Organization Details
Founding Year
2008
Phone
(504) 861-4485Principal Officer
Angelina Harrison
Main Address
200 BROADWAY SUITE 107, NEW ORLEANS, LA, 70118
Website
www.marketumbrella.orgNTEE Category
Code: S30 - Community improvement
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