Overview
What is Grand Rapids Downtown Market Education Foundation?
The Grand Rapids Downtown Market Education Foundation is a Michigan-based nonprofit organization, specifically located at 435 Iona Avenue SW, Grand Rapids, MI 49503. Its primary mission is to support educational initiatives and programs associated with the Grand Rapids Downtown Market Inc., focusing on various aspects such as culinary and nutrition education, entrepreneurship training, food production and gardening, obesity prevention, wellness, and promoting and providing access to fresh, healthy foods. The foundation solicits, receives, and manages funds exclusively for these educational and charitable purposes.
Official website here: www.downtownmarketgr.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48%, Zero-Star out of Four Star Rating
The Grand Rapids Downtown Market Education Foundation has received a low score of 48%, leading to a Zero-Star rating. This score reflects concerns primarily related to the organization's accountability and finance practices. The overall assessment is based entirely on its performance in these areas, indicating significant weaknesses that may affect transparency and donor confidence.
Strengths of the Foundation include having an independent board with all members meeting the criteria for independence, and they have solid financial statements that are audited. However, the organization struggles with key policies such as a whistleblower policy and document retention, both of which received zero points. Additionally, the financial health appears questionable, as evidenced by a poor liabilities to assets ratio and a low program expense ratio.
Overall, while the foundation shows some strengths in governance, its lack of essential financial and operational transparency raises concerns. Potential donors may want to consider these factors and seek more information regarding how funds are utilized and managed before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Rapids Downtown Market Education Foundation legitimate?
Grand Rapids Downtown Market Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Rapids Downtown Market Education Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.downtownmarketgr.com
What is the mission statement of Grand Rapids Downtown Market Education Foundation?
The Grand Rapids Downtown Market Education Foundation's mission is to support educational activities and programs associated with the Grand Rapids Downtown Market Inc., a Michigan nonprofit corporation. These initiatives primarily focus on various aspects of food and nutrition, such as culinary education, nutrition education, food production and gardening, entrepreneurship, obesity prevention, wellness, and promoting access to fresh, healthy foods. The foundation aims to secure and manage funds exclusively for these educational and charitable purposes.
Official website here: www.downtownmarketgr.com
Who is the CEO of Grand Rapids Downtown Market Education Foundation?
Mary Fritz is the Executive Di of Grand Rapids Downtown Market Education Foundation.
Official website here: www.downtownmarketgr.com
What is the revenue of Grand Rapids Downtown Market Education Foundation?
Grand Rapids Downtown Market Education Foundation's revenue in 2022 was $990,749.
Official website here: www.downtownmarketgr.com
Who are the executives of Grand Rapids Downtown Market Education Foundation and what are their salaries?
There 3 volunteers at Grand Rapids Downtown Market Education Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $224,519
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.downtownmarketgr.com
Where can I find the form 990 for Grand Rapids Downtown Market Education Foundation?
Grand Rapids Downtown Market Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtownmarketgr.com
Learn more at the official website: www.downtownmarketgr.com
Mission Statement of Grand Rapids Downtown Market Education Foundation
The Grand Rapids Downtown Market Education Foundation is dedicated to supporting various educational activities and programs that are connected to the Grand Rapids Downtown Market, a Michigan nonprofit corporation. Their mission encompasses a wide range of initiatives, primarily focused on (I) culinary and nutrition education, (II) training and entrepreneurship, (III) food production and gardening, (IV) obesity prevention, (V) wellness, and (VI) promoting and increasing access to fresh, healthy foods. The foundation aims to collect and manage funds exclusively for these educational and charitable purposes. By doing so, they contribute to the overall improvement of community health and well-being, fostering a culture of nutrition, entrepreneurship, and sustainable food practices.
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Impact
July, 2024
The Grand Rapids Downtown Market Education Foundation's impact can be seen in its support of educational activities and programs aimed at culinary and nutrition education, training and entrepreneurship, food production and gardening, obesity prevention, wellness, and access to fresh healthy foods. By soliciting, receiving, and administering funds exclusively for these educational and charitable purposes, the foundation plays a vital role in promoting education and awareness in these important areas.
This information is meant to be a general summary of Grand Rapids Downtown Market Education Foundation. 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.
- Investment Income: $3,551
- Program Service Revenue: $267,096
- Gross Receipts: $1,015,043
Assets and Liabilities:
- Total Assets: $1,104,455
- Total Liabilities: $12,635
- Net Assets: $1,091,820
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCUBATOR AND STALL RENTAL
Revenue
$183,671
PARKING
Revenue
$83,425
Organization Details
Founding Year
2012
Phone
(616) 805-5308Principal Officer
Mary Fritz
Main Address
435 IONIA AVENUE SW, GRAND RAPIDS, MI, 49503
Website
www.downtownmarketgr.comNTEE Category
Code: K99 - Food
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