Overview
What is North Market Development Authority Inc?
North Market Development Authority Inc, also known as North Market, is a nonprofit organization based in Columbus, Ohio. Established with the purpose of promoting direct sales of agricultural products by growers and producers, North Market provides an urban-located public market setting. The organization nurtures local merchant entrepreneurship, offering a vast array of fresh and abundant food and food-related merchandise. Through sponsoring festive events and preserving a historic public facility, North Market aims to revitalize and renew the market experience for the entire community, ensuring its accessibility to all members. The organization currently employs 17 individuals.
Official website here: www.northmarket.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
North Market Development Authority Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its high level of accountability and finance practices. With a score of 90%, the organization demonstrates robust governance, featuring a fully independent board of directors and comprehensive oversight measures. The positive financial metrics, including a low liabilities to assets ratio and a solid program expense ratio, indicate sound financial health and effective use of funding.
The organization has excelled in implementing several key policies, such as conflict of interest and whistleblower protections, which contribute to its transparent operations. Furthermore, the Audit and Oversight Committee has been rated highly, showcasing a commitment to rigorous financial oversight. These strengths underscore the nonprofit's dedication to responsible management and accountability to its donors and stakeholders.
However, while the Accountability & Finance score is impressive, the Culture & Community score of 79 suggests there may be areas for improvement in community engagement and organizational culture. Addressing these aspects could enhance the overall impact and effectiveness of North Market Development Authority Inc in its mission to serve the community.
This AI summary has been generated from information found on Charity Navigator.
Is North Market Development Authority Inc legitimate?
North Market Development Authority Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Market Development Authority 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: $256,268
Professional Fundraising Fees: $0
Other Salaries and Wages: $90,568
For more financial information, click here
Official website here: www.northmarket.com
What is the mission statement of North Market Development Authority Inc?
The North Market Development Authority Inc's mission is centered around preserving and enhancing a distinctive public market experience for the entire community. They achieve this by nurturing local entrepreneurship among merchants, offering a wide variety of fresh and abundant food and related products, sponsoring festive events, and preserving a historic public facility. The organization's primary goal is to promote direct sales of agricultural products by growers/producers in an urban-based public market setting.
Official website here: www.northmarket.com
Who is the CEO of North Market Development Authority Inc?
George Kauffman is the President of North Market Development Authority Inc.
Official website here: www.northmarket.com
What is the revenue of North Market Development Authority Inc?
North Market Development Authority Inc's revenue in 2022 was $1,462,913.
Official website here: www.northmarket.com
Who are the executives of North Market Development Authority Inc and what are their salaries?
The average compensation at North Market Development Authority Inc during 2022 was $20,402. There are 17 employees and 30 volunteers at North Market Development Authority Inc.
Here are 23 key members and their salaries:
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Official website here: www.northmarket.com
Where can I find the form 990 for North Market Development Authority Inc?
North Market Development Authority Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northmarket.com
Learn more at the official website: www.northmarket.com
Mission Statement of North Market Development Authority Inc
North Market Development Authority Inc, in its mission, strives to preserve and revitalize a distinctive public market experience for the entire community. It achieves this by fostering entrepreneurship among local merchants, supplying a wide array of fresh and abundant food and food-related products, organizing festive events, and maintaining a historic public facility. The organization's primary goal is to promote direct sales of agricultural products by growers/producers in an urban-based public market setting. By doing so, North Market Development Authority Inc seeks to create a vibrant and engaging marketplace that caters to the needs and interests of all community members.
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Impact
October, 2024
North Market Development Authority Inc significantly enhances the community by fostering local entrepreneurship and providing access to fresh, high-quality food products. By supporting local merchants, the Authority creates a vibrant public market environment that showcases a diverse range of food-related merchandise, contributing to the local economy and offering residents unique shopping experiences.
Through various events and festivities, the North Market cultivates a sense of community and engagement among residents and visitors alike. These events not only celebrate local culture but also draw people together, enriching the social fabric of Columbus.
Furthermore, the preservation of a historic public facility serves as a testament to the city’s heritage, connecting the community to its past while promoting sustainable local practices. The North Market not only serves as a marketplace but also as a communal hub that embodies the spirit of collaboration, diversity, and creativity, making it an integral part of the Columbus community.
This information is meant to be a general summary of North Market Development Authority 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: $914,972
- Gross Receipts: $1,523,982
Assets and Liabilities:
- Total Assets: $1,900,009
- Total Liabilities: $377,971
- Net Assets: $1,522,038
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT & FEES
Revenue
$914,972
Organization Details
Founding Year
1982
Phone
(614) 463-9664Principal Officer
George Kauffman
Main Address
59 SPRUCE STREET, COLUMBUS, OH, 432151622
Website
www.northmarket.comNTEE Category
Code: A02 - Arts
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