Memphis Farmers Market
- Assets
- $191.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 04-3831923
Organization Overview
Memphis Farmers Market is located in Memphis, TN. The organization was established in 2007. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Farmers Market is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Memphis Farmers Market generated $114.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $111.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE DEVELOPMENT AND MAINTENANCE OF THE LOCAL FARMERS MARKET FOR CITIZENS OF THE MEMPHIS AREA. THE MARKET PROVIDES OPPORTUNITIES FOR LOCAL GROWERS AND ARTISANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Comes President | 3 | $0 | |
Andrew Bailey Treasurer | 3 | $0 | |
Zaneta Ivy Health & Education Chair | 3 | $0 | |
Sheetal Patel Events Chair | 3 | $0 | |
Carrington Wise Vendor Rep | 3 | $0 | |
Anne Hotze Grants Chair | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,023 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $80 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,154 |
| Other Revenue | $0 |
| Total Revenue | $114,655 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49,357 |
| Professional fees and other payments to independent contractors | $7,277 |
| Occupancy, rent, utilities, and maintenance | $31,585 |
| Printing, publications, postage, and shipping | $115 |
| Other expenses | $23,062 |
| Total expenses | $111,396 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $78,457 |
| Other assets | $0 |
| Total assets | $191,252 |
| Total liabilities | $3,975 |
| Net assets or fund balances | $187,277 |
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