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Soky Marketplace Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471808589 ✦ Bowling green, KY ✦ Designated as a 501(c)(3)

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Overview

What is Soky Marketplace Inc?

Soky Marketplace Inc, a nonprofit organization located in South Central Kentucky and surrounding areas, is dedicated to promoting health and freshness through its initiative, Gateway Farmers Market, Inc. They host weekly farmers markets during the spring, summer, and fall seasons and an indoor market during the winter months. The marketplace also features a community kitchen and culinary incubator, equipped with funding and contributions, enabling local farmers to prepare and sell their products, thereby supporting the region's agricultural sector.

Is Soky Marketplace Inc legitimate?

Soky Marketplace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Soky Marketplace Inc 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: $111,165

For more financial information, click here

What is the mission statement of Soky Marketplace Inc?

Soky Marketplace Inc's mission is centered around providing fresh, healthful food and horticultural products to the community in South Central Kentucky and its surrounding areas. This is accomplished primarily through Gateway Farmers Market, Inc., which hosts weekly farmers markets during the warmer months and operates an indoor market during winter. Additionally, the marketplace features a community kitchen and culinary incubator, equipped with grant-funded and donated equipment, enabling local farmers to prepare and sell their products.

What is the revenue of Soky Marketplace Inc?

Soky Marketplace Inc's revenue in 2023 was $602,157.

Who are the executives of Soky Marketplace Inc and what are their salaries?

Here are 4 key members and their salaries:


Marissa Butler (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Jennings (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynne O'Keefe (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Widener (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Soky Marketplace Inc?

Soky Marketplace Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Soky Marketplace Inc

Soky Marketplace Inc, as a nonprofit organization, is dedicated to providing fresh, healthy food and horticultural products in the South Central Kentucky region and its surrounding areas. They accomplish this mission through Gateway Farmers Market, Inc., which hosts weekly farmers markets during the spring and summer months and offers an indoor market during the winter months. Furthermore, Soky Marketplace Inc has established a community kitchen and culinary incubator, equipped with grant-funded and donated tools. This facility allows local farmers to prepare and sell their products, contributing to the overall goal of providing nutritious food options to the community.

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Impact




October, 2024

Soky Marketplace Inc plays a vital role in promoting access to healthy, fresh food and horticultural products in South Central Kentucky and surrounding areas. By hosting weekly farmers markets from April through December and an indoor market during the winter months, Soky Marketplace fosters community engagement and supports local agriculture. This initiative not only provides consumers with high-quality, locally sourced food but also enhances the local economy by creating a platform for farmers to sell their products directly.

Additionally, the community kitchen and culinary incubator offered by Soky Marketplace empowers local farmers by equipping them with the necessary tools and resources to prepare their products for sale. This support helps to elevate the quality and variety of food available to consumers, promoting healthier eating habits and sustainable agricultural practices within the community. Overall, Soky Marketplace Inc has a significant impact on food access, community collaboration, and economic development in the region.




This information is meant to be a general summary of Soky Marketplace 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.

Revenue
$602,157 (2023)
Expenses
$356,581 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $94,524
  • Gross Receipts: $602,157

Assets and Liabilities:

  • Total Assets: $3,560
  • Total Liabilities: $0
  • Net Assets: $3,560

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ICE RINK

Revenue

$59,107

SPECIAL EVENTS

Revenue

$24,259

FARMERS MARKET

Revenue

$2,242

KITCHEN RENTAL

Revenue

$2,236

EVENT RENTALS

Revenue

$2,005

Organization Details

Principal Officer

Lynne O'Keefe

NTEE Category

Code: K40 - Food

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