Overview
What is Mercer Island Farmers Market?
The Mercer Island Farmers Market is a nonprofit organization that manages various expenses to facilitate its operations. These expenses include advertising, market-related expenditures, membership dues, insurance, license fees, supply costs, and taxes, totaling $18,961. An additional $189 was spent on fundraising activities. The market's activities are geared towards promoting local produce and goods, as suggested by its advertising expenses. Despite not having an explicit mission statement provided, it can be inferred that the market aims to support local farmers and provide fresh produce to the community.
Official website here: www.mifarmersmarket.org
Is Mercer Island Farmers Market legitimate?
Mercer Island Farmers Market is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercer Island Farmers Market submitted a form 990EZ, 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mifarmersmarket.org
What is the mission statement of Mercer Island Farmers Market?
The Mercer Island Farmers Market does not explicitly provide a mission statement in the given information. However, based on the expenses listed, it can be inferred that their primary focus is to operate a farmers market, as evidenced by the categories of expenses such as market expenses, license fees, and supplies cost. The significant amount spent on advertising suggests an emphasis on promoting the market to attract vendors and customers. The minimal fundraising expenses also indicate that community involvement and support might be a part of their operations, although this is not a primary focus as indicated by the small amount spent. Overall, the Mercer Island Farmers Market's mission appears to be centered around operating a successful farmers market, promoting it to the community, and potentially engaging with the community through fundraising events.
Official website here: www.mifarmersmarket.org
What is the revenue of Mercer Island Farmers Market?
Mercer Island Farmers Market's revenue in 2023 was $118,996.
Official website here: www.mifarmersmarket.org
Who are the executives of Mercer Island Farmers Market and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $39,650
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
Official website here: www.mifarmersmarket.org
Where can I find the form 990EZ for Mercer Island Farmers Market?
Mercer Island Farmers Market's most recent form 990EZ was submitted in 2023 and can be accessed here.
Official website here: www.mifarmersmarket.org
Learn more at the official website: www.mifarmersmarket.org
Mission Statement of Mercer Island Farmers Market
Mercer Island Farmers Market is a nonprofit organization that incurs significant expenses to operate effectively. Its annual expenses total $18,961, with a substantial portion allocated to advertising to attract customers. Other major expenditures include market expenses, dues, insurance, license fees, supplies, and taxes. Additionally, the market sets aside funds for fundraising activities. While the mission description in the provided information is not explicitly stated, the financial commitment to operate and promote the market suggests that Mercer Island Farmers Market aims to provide a platform for local farmers and producers to sell their fresh produce and goods to the community. The market likely serves as a source of fresh, local produce and a gathering place for the community, fostering a sense of community and supporting local agriculture.
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Impact
October, 2024
The Mercer Island Farmers Market significantly enriches the local community by providing a vibrant marketplace that connects residents with local farmers, artisans, and food producers. By facilitating direct access to fresh, locally sourced produce and goods, the market encourages healthier eating habits and supports sustainable agricultural practices.
With total expenses amounting to $18,961, the market invests heavily in advertising, ensuring that the community is aware of its offerings and benefits. This advertising budget of $12,372 helps attract more vendors and customers, enhancing the overall experience and fostering a sense of community. Additional market expenses, including logistics and supplies, contribute to creating a welcoming environment for both vendors and shoppers.
The market also plays a crucial role in local economic development. By providing a platform for local vendors, it helps to stimulate the local economy, allowing small businesses to gain visibility and grow. Dues, insurance, license fees, and taxes support the operational aspects of running the market, ensuring compliance and safety.
Furthermore, the commitment to fundraising, albeit modest at $189, underscores the market's dedication to sustainability and continuous improvement. The impact of the Mercer Island Farmers Market extends beyond economic benefits, fostering community connections and promoting local culture through food and artisanship. Overall, it serves as a vital hub for residents, enhancing the quality of life on Mercer Island.
This information is meant to be a general summary of Mercer Island Farmers Market. 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 2023.
- Investment Income: $13
- Program Service Revenue: $54,318
- Gross Receipts: $118,996
Assets and Liabilities:
- Total Assets: $154,729
- Total Liabilities: $0
- Net Assets: $154,729
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Organization Details
Website
www.mifarmersmarket.orgNTEE Category
Code: K30 - Food
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