Grand Rapids Downtown Market Education Foundation
- Assets
- $961.1k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-1052597
Organization Overview
Grand Rapids Downtown Market Education Foundation is located in Grand Rapids, MI. The organization was established in 2014. 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. Grand Rapids Downtown Market Education Foundation 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, Grand Rapids Downtown Market Education Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $701.7k during the year ending 12/2021. While expenses have increased by 5.0% 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
TO SUPPORT EDUCATIONAL ACTIVITIES AND PROGRAMS CONDUCTED BY OR IN CONNECTION WITH THE GRAND RAPIDS DOWNTOWN MARKET, INC., A MICHIGAN NONPROFIT CORPORATION, INCLUDING, BUT NOT LIMITED TO EDUCATIONAL ACTIVITIES AND PROGRAMS DIRECTED AT (I) CULINARY AND NUTRITION EDUCATION; TRAINING AND ENTREPRENEURSHIP, (II) FOOD PRODUCTION AND GARDENING, (III) OBESITY PREVENTION, (IV) WELLNESS, AND (V) ACCESS TO AND PROMOTION OF FRESH HEALTHY FOODS. TO SOLICIT, RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY FOR SUCH EDUCATIONAL AND CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT EDUCATIONAL ACTIVITIES AND PROGRAMS CONDUCTED BY OR IN CONNECTION WITH THE GRAND RAPIDS DOWNTOWN MARKET, INC., A MICHIGAN NONPROFIT CORPORATION, INCLUDING, BUT NOT LIMITED TO EDUCATIONAL ACTIVITIES AND PROGRAMS DIRECTED AT (I) CULINARY AND NUTRITION EDUCATION; TRAINING AND ENTREPRENEURSHIP, (II) FOOD PRODUCTION AND GARDENING, (III) OBESITY PREVENTION, (IV) WELLNESS, AND (V) ACCESS TO AND PROMOTION OF FRESH HEALTHY FOODS. TO SOLICIT, RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY FOR SUCH EDUCATIONAL AND CHARITABLE PURPOSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Secchia President | OfficerTrustee | 1 | $0 |
Mary Fritz Executive Di | OfficerTrustee | 2 | $0 |
Laina Mills Secretary | OfficerTrustee | 1 | $0 |
Andy Winkel Treasurer | OfficerTrustee | 1 | $0 |
Tim Schowalter Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $106,225 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,269,252 |
| Noncash contributions included in lines 1a–1f | $892,430 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,375,477 |
| Total Program Service Revenue | $245,715 |
| Investment income | $42,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$10,366 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,653,390 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,250 |
| Fees for services: Legal | $5,795 |
| Fees for services: Accounting | $5,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $432,411 |
| Advertising and promotion | $155 |
| Office expenses | $1,572 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $181,643 |
| Travel | $40 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,524 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,213 |
| All other expenses | $743 |
| Total functional expenses | $701,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,108 |
| 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 | $934,994 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $961,102 |
| Accounts payable and accrued expenses | $6,851 |
| 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 | $6,851 |
| Net assets without donor restrictions | $954,251 |
| 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 | $961,102 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Grand Rapids Downtown Market Education Foundation has recieved totaling $10,005.
| Awarding Organization | Amount |
|---|---|
The David And Carol Van Andel Family Foundation Grand Rapids, MI PURPOSE: EDUCATION | $5,000 |
Douglas & Maria Devos Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING | $2,500 |
Dick And Betsy Devos Family Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
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 |