Market Van Buren
- Assets
- $243.8k
- Revenue
- $421.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Benton Harbor, MI
- Founding
- Data as of
- 06/2022
- EIN
- 84-3582323
Organization Overview
Market Van Buren is located in Benton Harbor, MI. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Market Van Buren 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 06/2022, Market Van Buren generated $421.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $320.6k during the year ending 06/2022. While expenses have increased by 18.0% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONNECT PEOPLE, INVESTMENTS, AND ORGANIZATIONS WITH STRATEGIES AND SERVICES THAT IMPROVE THE QUALITY OF LIFE AND ECONOMIC CONDITIONS IN OUR REGION, SPECIFICALLY VAN BUREN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKET VAN BUREN IS WORKING TO CREATE A SUSTAINABLE AND RESILIENT ECONOMY IN VAN BUREN COUNTY. THE STAFF WORK WITH BUSINESS AND COMMUNITY LEADERS, ALONG WITH ELECTED OFFICIALS TO FIND SOLUTIONS TO PROBLEMS FACING THE MUNICIPALITIES OR BUSINESSES. MARKET VAN BUREN HELPED TO CREATE OR RETAIN 258 JOBS IN THE 21-22 FISCAL YEAR. THE ORGANIZATION WORKS TO GROW TALENTED PEOPLE, STRONG BUSINESSES, AND VIBRANT COMMUNITIES.
OTHER PROGRAMS THAT HELP CREATE A SUSTAINABLE AND RESILIENT ECONOMY IN VAN BUREN COUNTY.
MARKET VAN BUREN IS WORKING TO CREATE A SUSTAINABLE AND RESILIENT ECONOMY IN CASS COUNTY. THE STAFF WORK WITH BUSINESS AND COMMUNITY LEADERS, ALONG WITH ELECTED OFFICIALS TO FIND SOLUTIONS TO PROBLEMS FACING THE MUNICIPALITIES OR BUSINESSES. MARKET VAN BUREN HELPED TO CREATE OR RETAIN 438 JOBS IN THE 21-22 FISCAL YEAR. THE ORGANIZATION WORKS TO GROW TALENTED PEOPLE, STRONG BUSINESSES, AND VIBRANT COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachary Morris Executive Di | Officer | 40 | $96,059 |
Luke Barber Vice-Chairma | OfficerTrustee | 1 | $0 |
Daywi Cook Secretary | OfficerTrustee | 1 | $0 |
Kurt Doroh Board Member | Trustee | 1 | $0 |
Griffin Graham Board Member | Trustee | 1 | $0 |
Dave Manson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $267,368 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,609 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $420,977 |
| Total Program Service Revenue | $0 |
| 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 | $420,977 |
| 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. | $126,264 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,943 |
| Pension plan accruals and contributions | $2,909 |
| Other employee benefits | $14,183 |
| Payroll taxes | $14,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $405 |
| 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 | $35,000 |
| Advertising and promotion | $589 |
| Office expenses | $3,601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,667 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,322 |
| All other expenses | $0 |
| Total functional expenses | $320,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,238 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $18,754 |
| Accounts receivable, net | $12,767 |
| 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 | $243,759 |
| Accounts payable and accrued expenses | $21,163 |
| 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 | $21,163 |
| Net assets without donor restrictions | $222,596 |
| 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 | $243,759 |