Overview
What is Charlotte City Market?
Charlotte City Market is a charitable and educational organization situated in Uptown Charlotte, North Carolina. Its primary mission is to support new, small food and retail businesses that haven't had a brick-and-mortar storefront before. The market provides below-market rent, marketing assistance, education, and mentorship to these businesses during their initial years of operation. The market also serves as a platform for economic mobility through entrepreneurship, community wellness, and public education. It operates as a year-round facility, acting as a center for food and retail business incubation. The market is committed to combining education, retail innovation, economic opportunity, and a sense of belonging for aspiring food and retail entrepreneurs, making it an essential anchor of a dynamic market district.
Official website here: www.themarketat7thstreet.com
Is Charlotte City Market legitimate?
Charlotte City Market is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charlotte City Market 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: $112,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $151,316
For more financial information, click here
Official website here: www.themarketat7thstreet.com
What is the mission statement of Charlotte City Market?
The Charlotte City Market is organized and operated with charitable and educational purposes, small business incubation, and promoting access to fresh, locally sourced food. Its mission is to blend education and retail innovation, economic opportunity, and a sense of belonging for food and retail entrepreneurs seven days a week. It serves as the anchor of a dynamic market district, functioning as a year-round food hall and welcoming common area for all. The market reserves spaces for new, small food and retail businesses that haven't had a brick-and-mortar storefront before, offering them below-market rent, marketing support, education, and mentorship during the initial stages of operation.
Official website here: www.themarketat7thstreet.com
What is the revenue of Charlotte City Market?
Charlotte City Market's revenue in 2024 was $586,544.
Official website here: www.themarketat7thstreet.com
Who are the executives of Charlotte City Market and what are their salaries?
The average compensation at Charlotte City Market during 2024 was $43,969. There are 6 employees and 22 volunteers at Charlotte City Market.
Here are 16 key members and their salaries:
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- Other: $20,729
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Official website here: www.themarketat7thstreet.com
Where can I find the form 990 for Charlotte City Market?
Charlotte City Market's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.themarketat7thstreet.com
Learn more at the official website: www.themarketat7thstreet.com
Mission Statement of Charlotte City Market
Charlotte City Market, with its primary mission, aims to blend education and retail innovation, economic opportunity, and a sense of belonging for aspiring food and retail entrepreneurs, operating seven days a week. The market serves as a hub for new, small businesses that have not previously established a brick-and-mortar storefront. It offers below-market rent, marketing support, education, and mentorship during the initial stages of operation.
In addition to this, Charlotte City Market functions as a year-round facility that serves as a center for food and retail business incubation. Its purpose is to provide a dynamic market district, serving as a food hall and welcoming common area for all, fostering community wellness and public education. The market reserves a portion of its spaces for new, small businesses, thereby promoting economic mobility through entrepreneurship.
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Impact
October, 2024
Charlotte City Market significantly impacts the local economy and community by serving as a dynamic hub for food and retail entrepreneurship in Uptown Charlotte, North Carolina. It fosters economic mobility and supports small businesses by providing spaces for new vendors that may otherwise lack access to a brick-and-mortar storefront.
By offering below-market rent, marketing support, education, and mentorship, the market nurtures the growth and sustainability of these businesses during their crucial early years. This approach not only stimulates local entrepreneurship but also contributes to the availability of fresh, locally sourced food, enhancing community wellness.
Moreover, Charlotte City Market acts as a center for public education, promoting an understanding of food systems and retail practices, which strengthens the connection between residents and local producers. Its commitment to creating a welcoming commons encourages community engagement and fosters a sense of belonging among diverse populations.
As the anchor of a vibrant market district, Charlotte City Market plays a pivotal role in revitalizing the area and fostering a collaborative environment where local entrepreneurs and consumers can thrive together.
This information is meant to be a general summary of Charlotte City 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 2024.
- Program Service Revenue: $362,741
- Gross Receipts: $586,544
Assets and Liabilities:
- Total Assets: $961,593
- Total Liabilities: $65,703
- Net Assets: $895,890
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VENDOR RENTS AND FEES
Revenue
$362,741
Organization Details
Founding Year
2010
Principal Officer
Michael J Smith
Website
www.themarketat7thstreet.comNTEE Category
Code: E70 - Health
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