Overview
What is Fulton Market Association Inc Co Stephen C Dima?
Fulton Market Association Inc Co Stephen C Dima is a nonprofit organization situated in Brooklyn, New York. Their primary mission is to support local farmers and food producers by operating a year-round indoor farmers market and a Community Supported Agriculture (CSA) program. The indoor market, located in Lower Manhattan, provides a variety of fresh and processed food products from over 100 local farmers and producers. The CSA program, initiated in 2017, offers pre-ordered 12-week farm shares to the community. The association's activities aim to help local farmers recover from economic losses, enhance food access, and educate the community about local agriculture's importance. During the COVID-19 pandemic, they accepted SNAP EBT payments and donated shares to needy families. With an estimated 100+ beneficiaries, the association serves 100+ low-income families and 2,500 community residents annually.
Official website here: www.fultonstallmarket.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%
The Fulton Market Association Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score reflects a low Accountability & Finance Score of 43%, which is calculated based on various criteria that assess the organization's governance and financial transparency.
On a positive note, the organization has achieved full marks for having a majority of independent board members and maintaining appropriate board size. Additionally, it has demonstrated no material diversion of assets, and it has a conflict of interest policy in place. However, the charity has notable shortcomings, including the absence of a whistleblower policy and a document retention and destruction policy, which are essential for robust governance.
Financially, the organization faces challenges, as indicated by its low program expense ratio of 16.94% and a liabilities to assets ratio of 9.22%, both of which received zero points. Furthermore, critical financial documents, such as the tax form, are not posted on the nonprofit's website, reflecting a lack of transparency that could impact donor trust and engagement.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Fulton Market Association Inc Co Stephen C Dima?
86% of 25 reviewers on Facebook recommend Fulton Market Association Inc. Here is a summary of their reviews:
The nonprofit has received praise for its efforts in revitalizing the area following significant setbacks. Many users express enthusiasm about the transformation taking place, highlighting the positive changes and growth within the community. Reviewers appreciate the commitment to development and the promise of future improvements.
Overall, sentiments indicate a strong appreciation for the nonprofit’s role in helping the area recover and thrive. Contributors look forward to ongoing progress and are optimistic about the initiatives being implemented.
This AI summary has been generated from reviews found on Facebook.
Is Fulton Market Association Inc Co Stephen C Dima legitimate?
Fulton Market Association Inc Co Stephen C Dima is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fulton Market Association Inc Co Stephen C Dima 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: $87,885
For more financial information, click here
Official website here: www.fultonstallmarket.org
What is the mission statement of Fulton Market Association Inc Co Stephen C Dima?
The Fulton Market Association operates a public market, known as the Fulton Stall Market, to connect local farmers and small-scale food producers with consumers in Lower Manhattan. Their primary goal is to enable these farmers and producers to sustain their businesses through direct marketing, while providing consumers with access to high-quality, fresh, and affordable local food products. The market also serves to educate the community about the diversity, quality, and nutritional value of local food products, as well as the importance of local agriculture and strengthening the regional food system. The association is dedicated to enhancing healthy and affordable food access for nutritionally at-risk families in the vicinity.
Official website here: www.fultonstallmarket.org
Who is the CEO of Fulton Market Association Inc Co Stephen C Dima?
Stephen Dima is the Secretary of Fulton Market Association Inc Co Stephen C Dima.
Official website here: www.fultonstallmarket.org
What is the revenue of Fulton Market Association Inc Co Stephen C Dima?
Fulton Market Association Inc Co Stephen C Dima's revenue in 2022 was $143,161.
Official website here: www.fultonstallmarket.org
Who are the executives of Fulton Market Association Inc Co Stephen C Dima and what are their salaries?
The average compensation at Fulton Market Association Inc Co Stephen C Dima during 2022 was $6,760. There are 13 employees and 6 volunteers at Fulton Market Association Inc Co Stephen C Dima.
Here are 6 key members and their salaries:
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Official website here: www.fultonstallmarket.org
Where can I find the form 990 for Fulton Market Association Inc Co Stephen C Dima?
Fulton Market Association Inc Co Stephen C Dima's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fultonstallmarket.org
Learn more at the official website: www.fultonstallmarket.org
Mission Statement of Fulton Market Association Inc Co Stephen C Dima
Fulton Market Association, a nonprofit organization, operates the Fulton Stall Market as a public market for local farm and food products. Their mission is to connect family farmers and small-scale food producers from New York and adjacent states with Lower Manhattan residents and workers. The association aims to help these local farmers and producers sustain their enterprises through direct marketing, while simultaneously meeting the consumers' need for high-quality, fresh, and affordable food.
In addition to providing a marketplace for local produce and food products, Fulton Market Association also seeks to educate the community about the diversity, quality, and nutritional value of these local food products. They believe in the economic and environmental importance of local agriculture and are committed to strengthening the regional food system. Furthermore, the association is dedicated to enhancing healthy and affordable fresh food access for low-income, nutritionally at-risk families living in the vicinity of their operations. By doing so, Fulton Market Association is not only supporting local agriculture but also contributing to the well-being of the community.
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Impact
October, 2024
Fulton Market Association Inc Co, under the leadership of Stephen C. Dima, has made a significant impact by facilitating direct connections between local farmers, small-scale food producers, and the Lower Manhattan community. The Fulton Stall Market operates as an indoor farmers market that provides year-round access to fresh, locally grown produce and quality food products from over 100 regional vendors. This initiative enhances food accessibility for both residents and workers, especially for low-income families facing nutritional risks.
By accepting SNAP EBT payments, the market ensures that low-income individuals can access high-quality food offerings, thereby promoting healthier eating habits. The Community Supported Agriculture (CSA) program further strengthens this impact by delivering pre-ordered shares of fresh produce and other staples, allowing families to enjoy a variety of locally sourced foods.
Throughout the challenges posed by the COVID-19 pandemic, the operation of the Fulton Stall Market has been crucial in generating essential income for local farmers and producers, helping them recover from economic hardships. The market not only provides fresh food but also plays an educational role, raising awareness about the importance of local agriculture, sustainability, and the nutritional value of fresh products.
Additionally, their partnerships with community members facilitate the donation of fresh food shares to vulnerable families, directly addressing food insecurity within the Lower Manhattan area. Overall, Fulton Market Association Inc Co has significantly bolstered the local economy and improved access to nutritious foods, thereby enhancing the well-being of the community it serves.
This information is meant to be a general summary of Fulton Market Association Inc Co Stephen C Dima. 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.
- Gross Receipts: $411,663
Assets and Liabilities:
- Total Assets: $28,464
- Total Liabilities: $12,169
- Net Assets: $16,295
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Organization Details
Founding Year
2016
Phone
(917) 301-0016Principal Officer
Stephen Dima
Main Address
535 Carlton Ave 1801, Brooklyn, NY, 11238
Website
www.fultonstallmarket.orgNTEE Category
Code: S30 - Community improvement
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