Overview
What is Eagle Market Streets Development Corporation?
Eagle Market Streets Development Corporation is a nonprofit organization located in Asheville, North Carolina, specifically at 70 S Market St. Their mission is to uplift communities of color and underserved populations from poverty through education and social entrepreneurship, focusing on community and property development, economic business, and workforce development. They envision equitable and inclusive socio-economic justice for all, striving to develop people, properties, and businesses within their scope. With a workforce of 26 individuals, Eagle Market Streets Development Corporation is committed to their cause, contributing to the betterment of their community.
Official website here: www.eaglemarketsts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Eagle Market Streets Development Corporation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization excels particularly in its accountability measures, scoring a perfect 10 out of 10 for features like having a majority of independent board members, a robust conflict of interest policy, and comprehensive document retention practices.
The charity demonstrates strong financial management, evidenced by an impressive program expense ratio of 86.20%, indicating that a significant portion of its resources is directed toward its mission. Additionally, it maintains a healthy working capital ratio of 1.68 years, suggesting that it is well-positioned to sustain its operations and programs over time.
While the organization has shown strengths in governance and financial stability, the absence of additional performance metrics or impact evaluations prevents a fuller understanding of its effectiveness. Overall, Eagle Market Streets Development Corporation appears to be a responsible choice for donors seeking to support a nonprofit with strong fiscal practices.
This AI summary has been generated from information found on Charity Navigator.
Is Eagle Market Streets Development Corporation legitimate?
Eagle Market Streets Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eagle Market Streets Development Corporation 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: $40,459
Professional Fundraising Fees: $0
Other Salaries and Wages: $717,186
For more financial information, click here
Official website here: www.eaglemarketsts.org
What is the mission statement of Eagle Market Streets Development Corporation?
The mission of Eagle Market Streets Development Corporation, as a Community Development Corporation (CDC), is centered around three key areas: people, property, and businesses. Their primary goal is to foster equitable and inclusive socio-economic justice for all. This is achieved through their various programs that focus on community and property development, economic business, and workforce development. These initiatives aim to elevate communities of color and underserved populations out of poverty, utilizing education and social entrepreneurship as primary tools.
Official website here: www.eaglemarketsts.org
Who is the CEO of Eagle Market Streets Development Corporation?
Stephanie S Twitty is the Chair of Eagle Market Streets Development Corporation.
Official website here: www.eaglemarketsts.org
What is the revenue of Eagle Market Streets Development Corporation?
Eagle Market Streets Development Corporation's revenue in 2022 was $3,101,437.
Official website here: www.eaglemarketsts.org
Who are the executives of Eagle Market Streets Development Corporation and what are their salaries?
The average compensation at Eagle Market Streets Development Corporation during 2022 was $29,140. There are 26 employees and 9 volunteers at Eagle Market Streets Development Corporation.
Here are 6 key members and their salaries:
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- Compensation: $40,458
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Official website here: www.eaglemarketsts.org
Where can I find the form 990 for Eagle Market Streets Development Corporation?
Eagle Market Streets Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eaglemarketsts.org
Learn more at the official website: www.eaglemarketsts.org
Mission Statement of Eagle Market Streets Development Corporation
Eagle Market Streets Development Corporation, a Community Development Corporation (CDC), is committed to a mission that seeks to develop individuals, properties, and businesses. Their ultimate goal is to foster equitable and inclusive socio-economic justice for all. The organization's programs are primarily focused on community and property development, economic business, and workforce development. By leveraging education and social entrepreneurship, Eagle Market Streets Development Corporation strives to lift underserved populations, particularly communities of color, out of poverty. They envision a society where everyone has an equal opportunity to thrive.
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Impact
July, 2024
Eagle Market Streets Development Corporation's impact is far-reaching and transformative. Through their programs focused on community and property development, economic business, and workforce development, they are actively working towards elevating communities of color and underserved populations from poverty. By emphasizing education and social entrepreneurship, they are creating opportunities for individuals to thrive and contribute to a more equitable and inclusive socio-economic landscape. In Asheville, NC, Eagle Market Streets Development Corporation is making a tangible difference by envisioning a future where everyone has the chance to succeed and prosper.
This information is meant to be a general summary of Eagle Market Streets Development Corporation. 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: $36,640
- Program Service Revenue: $53,415
- Gross Receipts: $3,105,405
Assets and Liabilities:
- Total Assets: $4,860,691
- Total Liabilities: $2,229,878
- Net Assets: $2,630,813
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FISCAL SPONSORSHIP
Revenue
$23,568
INCUBATION FACILITY
Revenue
$19,552
BLOCK-BY-BLOCK
Revenue
$3,879
OTHER PROGRAM REVENUE
Revenue
$3,000
CVC CAFE REVENUES
Revenue
$2,949
Organization Details
Founding Year
1994
Phone
(828) 281-1227Principal Officer
Stephanie S Twitty
Main Address
70 S MARKET ST, ASHEVILLE, NC, 28801
Website
www.eaglemarketsts.orgNTEE Category
Code: A50Z - Arts
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