Public Markets Inc

Organization Overview

Public Markets Inc is located in Ooltewah, TN. The organization was established in 2009. 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. As of 12/2021, Public Markets Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Markets Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Public Markets Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $928.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ORGANIZE, PROMOTE AND OPERATE COMMUNITY MARKETS TO SUPPORT AND ENHANCE LOCAL AGRICULTURE AND FOOD SERVICES

Describe the Organization's Program Activity:

PUBLIC MARKETS -- WE ORGANIZE, PROMOTE AND OPERATE MULTIPLE COMMUNITY MARKETS TO SUPPORT AND ENHANCE LOCAL AGRICULTURE AND FOOD SERVICE.


CHATTANOOGA WORKSPACE -- WE PROVIDE AND OPERATE A SHARED ARTIST FACILITY WHICH PROVIDES AFFORDABLE PRIVATE STUDIOS AND COLLABORATION SPACE TO CREATIVE PROFESSIONALS AND ORGANIZATIONS.


FINLEY STADIUM -- WE MANAGE FINLEY STADIUM AND THE FIRST TENNESSEE PAVILION, WHICH IS OWNED BY HAMILTON COUNTY AND THE CITY OF CHATTANOOGA, IN STRATEGIC PARTNERSHIP WITH THE STADIUM CORPORATION (A 501C3 NONPROFIT ORGANIZATION). THE FACILITY IS HOME TO OUR LARGEST PUBLIC MARKET AND THE UNIVERSITY OF TENNESSEE AT CHATTANOOGA FOOTBALL.


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Board, Officers & Key Employees

Name (title)Compensation
Chris Thomas
Chairman Executive Directo
$87,395
Melissa Lail
Officer
$70,214
Mattias Jannerbo
Secretary
$0
John Clark
Director
$0
Jeff Lett
Director
$0
David Barto
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,636
All other contributions, gifts, grants, and similar amounts not included above$138,376
Noncash contributions included in lines 1a–1f $136,774
Total Revenue from Contributions, Gifts, Grants & Similar$140,012
Total Program Service Revenue$1,092,527
Investment income $128
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,000
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $20,868
Miscellaneous Revenue$0
Total Revenue $1,266,301

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Public Markets Inc has recieved totaling $5.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

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