Capitol Market Inc
- Assets
- $2.8m
- Revenue
- $693.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Charleston, WV
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 31-1512991
Organization Overview
Capitol Market Inc is located in Charleston, WV. The organization was established in 1997. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Capitol Market Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capitol Market 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, Capitol Market Inc generated $693.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $640.1k during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CAPITOL MARKET IS A 501(C)(3) NONPROFIT THAT SERVES AS A RETAIL, COMMUNITY, AND ECONOMIC HUB FOR THE KANAWHA VALLEY AND BEYOND. HOUSED IN A TURN-OF-THE-CENTURY RAIL DEPOT, CAPITOL MARKET IS TASKED WITH SUPPORTING SMALL BUSINESSES AND WEST VIRGINIA FARMERS THROUGH PROVIDING A UNIQUE RETAIL AND TOURIST DESTINATION IN THE HEART OF DOWNTOWN CHARLESTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF OUTDOOR FARMERS' MARKET AND INDOOR SPECIALTY SHOPS FOR THE BENEFIT OF WEST VIRGINIA FARMERS, GROWERS, AND MERCHANTS, AS WELL AS THE COMMUNITY.
OPERATION OF A FARMERS' MARKET, THE TENANTS OF WHICH ARE WEST VIRGINIA AGRICULTURAL PRODUCERS AND VENDORS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nichole Green-Jenkins Executive Director (through Oct) | OfficerTrustee | 40 | $49,259 |
Evan Osborn Executive Director (nov-Dec) | Trustee | 1 | $8,333 |
Kristen Harrison President | OfficerTrustee | 0 | $0 |
Steven Keith Vice President | OfficerTrustee | 0 | $0 |
Susie Salisbury Secretary/treasurer | OfficerTrustee | 0 | $0 |
Leah Glover Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,308 |
| Related organizations | $0 |
| Government grants | $157,895 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,866 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,069 |
| Total Program Service Revenue | $462,443 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,551 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $693,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,592 |
| Compensation of current officers, directors, key employees. | $11,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,021 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,521 |
| Office expenses | $11,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,406 |
| Travel | $769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,878 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,925 |
| Insurance | $12,566 |
| All other expenses | $0 |
| Total functional expenses | $640,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $543,660 |
| Savings and temporary cash investments | $21,418 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,194,036 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,759,114 |
| Accounts payable and accrued expenses | $12,872 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $229,056 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $241,928 |
| Net assets without donor restrictions | $2,495,768 |
| Net assets with donor restrictions | $21,418 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,759,114 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Capitol Market Inc has recieved totaling $18,360.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $9,860 |
Aarp Washington, DC PURPOSE: Sponsorship of various events | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
4mycity Inc Taneytown, MD | $269,763 | $70,588,044 |
Columbia Association Inc Columbia, MD | $168,635,825 | $73,239,829 |
Impact Community Action Columbus, OH | $17,964,278 | $51,062,093 |
Kennedy Krieger Education And Community Services Inc Baltimore, MD | $14,340,565 | $48,121,720 |
Mosaic Community Services Inc Timonium, MD | $34,184,592 | $47,201,258 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
Akron Summit Community Action Agency Akron, OH | $9,053,133 | $31,825,266 |
Hocking-Athens Perry Community Action Glouster, OH | $22,374,760 | $30,742,269 |
Blueprints Washington, PA | $9,542,152 | $23,150,876 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |