City Market Inc
- Assets
- $0.0
- Revenue
- $954.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Bay City, MI
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 32-0519165
Organization Overview
City Market Inc is located in Bay City, MI. The organization was established in 2017. 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, City Market Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City 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, City Market Inc generated $954.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 57.5% each year . All expenses for the organization totaled $985.3k during the year ending 12/2021. While expenses have increased by 30.1% per year over the past 4 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
CITY MARKET AIMS ITS FOCUS ON BRINGING LOCAL, FARM FRESH, HEALTHY OPTIONS TO THE COMMUNITY; THUS ADDRESSING THE "FOOD DESERT- OR NON-EXISTENCE OF FRESH QUALITY GROCERY AND PRODUCE IN DOWNTOWN BAY CITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY MARKET AIMS ITS FOCUS ON BRINGING LOCAL, FARM FRESH, HEALTHY OPTIONS TO THE COMMUNITY; THUS ADDRESSING THE "FOOD DESERT- OR NON-EXISTENCE OF FRESH QUALITY GROCERY AND PRODUCE IN DOWNTOWN BAY CITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Hildebrant President /s | OfficerTrustee | $0 | |
Matthew Meehan V Pres./trea | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56 |
| Total Program Service Revenue | $954,381 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $954,437 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,941 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,963 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,905 |
| Advertising and promotion | $24,350 |
| Office expenses | $3,922 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,875 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,185 |
| Insurance | $3,547 |
| All other expenses | $6,488 |
| Total functional expenses | $985,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that City Market Inc has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Fair Food Network Ann Arbor, MI PURPOSE: FUND DOUBLE UP FOOD BUCKS-STORES & MKTS | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Market Corporatioin Detroit, MI | $12,535,453 | $5,663,087 |
Ohio Restaurant Assn Columbus, OH | $2,879,456 | $2,138,506 |
Kinship Mke Inc Milwaukee, WI | $4,987,753 | $2,706,784 |
St Vincent De Paul Thrift Store Inc Marshfield, WI | $3,892,280 | $1,717,707 |
City Market Inc Bay City, MI | $0 | $954,437 |
Cornucopia Institute Incorporated Viroqua, WI | $1,310,459 | $989,761 |
Grand Rapids Downtown Market Education Foundation Grand Rapids, MI | $961,102 | $1,653,390 |
Nourish Farms Inc Sheboygan Falls, WI | $2,156,397 | $713,835 |
Michigan Farmers Market Association East Lansing, MI | $449,598 | $616,537 |
Fondy Food Center Inc Milwaukee, WI | $490,440 | $496,291 |
Wisconsin Wine And Spirit Institute Madison, WI | $125,060 | $518,293 |
Ohio Wine Producers Association Geneva, OH | $92,945 | $520,156 |