Overview
What is Common Market Philadelphia Inc?
Common Market Philadelphia Inc is a nonprofit organization situated in Philadelphia, Pennsylvania, specifically at 428 E Erie Ave, 19134. Their primary mission is to distribute locally grown produce from Philadelphia area farms, aiming to sustain and promote the regional farming system. The organization's public purpose includes implementing education programs to enhance access to local foods for underserved low-income communities, as well as informing institutions and businesses about the potential to add value to local farm products by processing them for their customers. Furthermore, Common Market Philadelphia Inc aims to establish wholesale distribution of locally-produced farm products to ensure a steady supply of locally-sourced food. The overall mission of the organization is to connect communities with good food from sustainable family farms, working towards improving food security, farm viability, and community and ecological health. The organization has a team of 12 dedicated individuals.
Official website here: www.commonmarketphila.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Common Market Philadelphia Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization scored particularly well in the Accountability & Finance category, earning 92%, which is bolstered by a fully independent board and robust financial oversight practices. Key indicators include no material diversion of assets, a solid liabilities to assets ratio, and excellent working capital management, all contributing to its high operational integrity.
In addition to its financial strengths, Common Market also showcases a solid culture and community engagement score of 85%. This suggests that the organization not only focuses on its internal governance but also emphasizes its role and impact within the community it serves. The ratings indicate a well-rounded approach to fulfilling its mission, with strategic goals centered on values-based procurement and enhancing supply chain capacities.
One notable area of excellence is the Leadership & Adaptability score, which stands at a perfect 100%. This indicates a strong capability in navigating challenges and fostering innovative practices. While the ratings highlight significant strengths, potential limitations are not specifically mentioned, leaving a positive overall impression of the organization's operations and community contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Common Market Philadelphia Inc legitimate?
Common Market Philadelphia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Common Market Philadelphia 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: $375,493
Professional Fundraising Fees: $0
Other Salaries and Wages: $407,485
For more financial information, click here
Official website here: www.commonmarketphila.org
What is the mission statement of Common Market Philadelphia Inc?
Common Market Philadelphia Inc is a non-profit organization dedicated to distributing locally and sustainably produced foods. Its public purpose involves implementing educational programs to enhance access to local foods for underprivileged, low-income communities. Additionally, it aims to inform institutions and businesses about the potential value of processing local farm products for their constituents and customers. The mission of Common Market Philadelphia Inc is to connect communities with nutritious food from sustainable family farms. By doing so, it aims to improve food security, strengthen farm viability, and promote community and ecological health. It also seeks to establish wholesale distribution of locally-produced farm products to ensure a consistent supply.
Official website here: www.commonmarketphila.org
Who is the CEO of Common Market Philadelphia Inc?
Tatiana Garcia-Granados is the Chief Development Officer/Board Member of Common Market Philadelphia Inc.
Official website here: www.commonmarketphila.org
What is the revenue of Common Market Philadelphia Inc?
Common Market Philadelphia Inc's revenue in 2022 was $5,617,085.
Official website here: www.commonmarketphila.org
Who are the executives of Common Market Philadelphia Inc and what are their salaries?
The average compensation at Common Market Philadelphia Inc during 2022 was $65,248. There are 12 employees at Common Market Philadelphia Inc.
Here are 10 key members and their salaries:
- Compensation: $190,718
- Related: $0
- Other: $0
- Compensation: $184,775
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.commonmarketphila.org
Where can I find the form 990 for Common Market Philadelphia Inc?
Common Market Philadelphia Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.commonmarketphila.org
Learn more at the official website: www.commonmarketphila.org
Mission Statement of Common Market Philadelphia Inc
Common Market Philadelphia Inc is a non-profit organization with a mission to improve food security, farm viability, and community and ecological health. It achieves this by distributing locally and sustainably produced foods. The organization's public purpose is twofold: firstly, it aims to enhance access to local foods for residents of underserved, low-income communities. Secondly, it seeks to inform institutions and businesses about the opportunities to add value to local farm products by processing them for their constituents and customers. Common Market Philadelphia Inc also establishes wholesale distribution of locally-produced farm products to ensure a consistent supply of locally-sourced farm food. In essence, the mission of Common Market Philadelphia Inc is to connect communities with good food from sustainable family farms, thereby promoting a healthier and more sustainable food system.
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Impact
July, 2024
Common Market Philadelphia Inc's impact is focused on improving access to locally grown produce in the Philadelphia area while supporting the regional farm system. By distributing local and sustainably produced foods, the organization not only promotes healthier eating habits but also contributes to the sustainability of local farms. Through education programs, they work to increase access to local foods for residents of underserved low-income communities. Additionally, they inform institutions and businesses about the benefits of adding value to local farm products. Their efforts to establish wholesale distribution of locally-produced farm products help ensure a steady supply of such foods. Overall, Common Market Philadelphia Inc plays a crucial role in connecting communities with good food from sustainable family farms, working towards enhancing food security, farm viability, and community and ecological health.
This information is meant to be a general summary of Common Market Philadelphia 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.
- Investment Income: $81,765
- Program Service Revenue: $1,058,516
- Gross Receipts: $6,313,023
Assets and Liabilities:
- Total Assets: $20,628,341
- Total Liabilities: $2,949,008
- Net Assets: $17,679,333
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$984,808
FEE FOR SERVICE
Revenue
$73,708
Organization Details
Founding Year
2008
Phone
(215) 275-3435Principal Officer
Tatiana Garcia-Granados
Main Address
428 E ERIE AVE, PHILADELPHIA, PA, 19134
Website
www.commonmarketphila.orgNTEE Category
Code: P50 - Human services
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