2024-02-13T15:55:22-05:00 2023-06-30 231709427 BERTZ HESS & CO LLP 36 EAST KING ST LANCASTER PA 17602 990 2022-07-01 760822944 CENTRAL MARKET TRUST CENT 7177356890 8 NORTH QUEEN STREET RM/STE 7E LANCASTER PA 17603 JOSHUA LYTLE TREASURER 7177356890 2024-01-31 true JOSHUA LYTLE XXX-XX-XXXX false LAURA A BENDER CPA P01207333 7173930767 2024-01-31 2022 2023-04-26 12:10:37Z JOSHUA LYTLE 8 N QUEEN STREET LANCASTER PA 17603 622429 false X WWW.CENTRALMARKETLANCASTER.COM X 2006 PA WE ARE THE TRUSTED STEWARD OF LANCASTER CENTRAL MARKET CULTIVATING BUSINESSES, RELATIONSHIPS, AND COMMUNITY IN AND AROUND OUR PUBLIC MARKET. 14 14 5 18 0 42288 156153 399783 409037 977 19801 22775 461872 588942 0 0 152567 254927 0 79678 263992 615140 416559 870067 45313 -281125 996852 725830 44679 50642 952173 675188 X THE ORGANIZATION PERFORMS THE DAILY MANAGEMENT OF THE LANCASTER CENTRAL MARKET IN A MANNER THAT FACILITATES THE ECONOMIC HEALTH OF STANDHOLDERS' BUSINESSES WHILE REMAINING CONSISTENT WITH TRADITIONAL MARKET AND HISTORIC PRESERVATION STANDARDS. IN ADDITION, IT PROTECTS AND OPERATES THE CENTRAL MARKET AS A HISTORICALLY VIABLE FARMERS' MARKET; PRESERVES THE UNIQUE 1886 BUILDING AS THE CENTERPIECE OF A HISTORIC URBAN COMMUNITY; AND CONTRIBUTES TO SUSTAINING THE CONTINUING LEGACY AND HERITAGE OF THE CITY OF LANCASTER. false false 695961 409037 MANAGEMENT AND PRESERVATION OF THE HISTORIC CENTRAL MARKET IN LANCASTER, PA 695961 true true false false false false false false false false true false false false false true true false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false true 4 0 true 5 true false false false false false false false false false false false false false false X 14 14 false false true false false false false true true false false true true true true false false true false false PA X JOSHUA LYTLE 7177356890 8 NORTH QUEEN ST SUITE 7E LANCASTER PA 17603 MELISSA SIWIEC EXECUTIVE DI 40.00 0.00 X 87083 0 0 AMANDA BAKAY VICE-CHAIR 1.00 0.00 X X 0 0 0 TARRAH BARRIER TRUSTEE 1.00 0.00 X 0 0 0 BENJAMIN BARR TRUSTEE 1.00 0.00 X 0 0 0 TINA CAMPBELL TRUSTEE 1.00 0.00 X 0 0 0 PHILLIP CARAMENICO SECRETARY 5.00 0.00 X X 0 0 0 JOCELYN ENGLE TRUSTEE 1.00 0.00 X 0 0 0 TONY GORICK TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL J KREIDER TRUSTEE 1.00 0.00 X 0 0 0 JOSHUA LYTLE TREASURER 5.00 0.00 X X 0 0 0 AMANDA MANNING TRUSTEE 1.00 0.00 X 0 0 0 BRUCE MARTIN CHAIR 5.00 0.00 X X 0 0 0 REILLY NOETZEL TRUSTEE 1.00 0.00 X 0 0 0 ANGEL ROSARIO TRUSTEE 1.00 0.00 X 0 0 0 JAMES WHERLEY TRUSTEE 1.00 0.00 X 0 0 0 87083 false false false 156153 156153 RENT FOR STANDS 400093 400093 ATM FEES, & MISC 8944 8944 409037 977 977 56262 33487 22775 22775 588942 409037 23752 87083 53922 12853 20308 76125 47137 11235 17753 72637 44976 10721 16940 19082 11953 2812 4317 66 66 8850 8850 35990 22730 7735 5525 9067 3760 3761 1546 45487 27665 9836 7986 97622 81463 16159 11836 8877 2959 6644 5063 1581 RENOVATION EXPENSES 255264 255264 REPAIRS & MAINTENANCE 117641 117641 MISCELLANEOUS 11460 11460 SPECIAL EVENTS 2917 292 2625 12296 3984 5634 2678 870067 695961 94428 79678 933908 531988 12101 8356 17474 16069 7819 8522 94644 58891 25275 35753 124867 275 275 996852 725830 41857 32274 2822 18368 44679 50642 X 563734 535945 388439 139243 952173 675188 996852 725830 -281125 4140 X false true X true false X 286719 120006 186767 42288 156153 791933 427486 353367 396941 430089 409037 2016920 714205 473373 583708 472377 565190 2808853 2808853 977 977 977 977 13221 9588 7051 7981 8944 46785 727426 482961 590759 480358 575111 2856615 0.98330 0.98310 0.00000 0.00000 X PART III, LINE 12 ATM FEES AND MISCELLANEOUS REVENUE 46,785 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 94644 58891 35753 35753 X 602557 13615 13615 588942 588942 883682 13615 13615 870067 870067 SCHEDULE D, PAGE 3, PART X THE TRUST HAS EVALUATED ITS TAX FILINGS FOR THE OPEN TAX YEARS FOR UNCERTAIN TAX POSITIONS. TAX RETURNS ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS FROM THE DUE DATE OF THE RETURNS. RETURNS FILED WITH THE STATE OF PENNSYLVANIA ARE SUBJECT TO EXAMINATION FOR AN UNLIMITED NUMBER OF YEARS. false FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION PERFORMS THE DAILY MANAGEMENT OF THE LANCASTER CENTRAL MARKET IN A MANNER THAT FACILITATES THE ECONOMIC HEALTH OF STANDHOLDERS' BUSINESSES WHILE REMAINING CONSISTENT WITH TRADITIONAL MARKET AND HISTORIC PRESERVATION STANDARDS. IN ADDITION, IT PROTECTS AND OPERATES THE CENTRAL MARKET AS A HISTORICALLY VIABLE FARMERS' MARKET; PRESERVES THE UNIQUE 1886 BUILDING AS THE CENTERPIECE OF A HISTORIC URBAN COMMUNITY; AND CONTRIBUTES TO SUSTAINING THE CONTINUING LEGACY AND HERITAGE OF THE CITY OF LANCASTER. FORM 990, PAGE 6, PART VI, LINE 4 THE ORGANIZATION UPDATED THEIR BY-LAWS TO CLARIFY TERMS, ADD PROVISIONS, AND REORGANIZE SECTIONS: THE NUMBER OF BOARD POSITIONS WAS INCREASED FROM 13 TO 15. THE QUALIFICATIONS AND SKILLSETS FOR BOARD DIRECTORS WERE CLARIFIED. AN AMENDMENT TO CLARIFY THAT A BOARD DIRECTOR'S SERVICE STARTS AT THE BEGINNING OF THE FISCAL YEAR FOLLOWING ELECTION AND THAT TERMS OF DIRECTORS SHOULD BE STAGGERED TO PROMOTE CONTINUITY WAS ADDED. THE AUTHORITY AND DUTIES OF THE EXECUTIVE DIRECTOR WERE ADDED, INCLUDING THE DESIGNATION AS MANAGER OF OPERATIONS OF THE CENTRAL MARKET TRUST. THE EXECUTIVE DIRECTOR WAS ALSO DESIGNATED AS A NON-VOTING MEMBER OF THE BOARD. CLARIFICATION ON THE ROLES OF OTHER OFFICERS IN THE ORGANIZATION WAS ALSO PROVIDED. NEW SECTION CLARIFYING THAT THE BOARD HAS THE AUTHORITY TO CREATE ADDITIONAL STAFF POSITIONS WAS ADDED. IN ADDITION, THERE IS CLARIFICATION THAT THE BOARD CHAIR AND EXECUTIVE DIRECTOR ARE MEMBERS EX OFFICIO OF ALL STANDING COMMITTEES. ALL COMMITTEES, ASIDE FROM THE EXECUTIVE AND NOMINATING COMMITTEES, MAY INCLUDE COMMUNITY OR STAKEHOLDER REPRESENTATIVES. PROHIBITION AGAINST ELECTED OFFICIALS SERVING ON THE BOARD WAS ELIMINATED. AN UPDATE TO CLARIFY THAT THE CITY REPRESENTATIVE IS DESIGNATED BY THE MAYOR'S OFFICE AND THAT FORMER DIRECTORS CAN REJOIN IF AT LEAST ONE YEAR HAS PASSED SINCE THEIR PRIOR TERM ENDED WAS MADE. CHANGES WERE MADE TO CLARIFY OFFICER ROLES IN THE ORGANIZATION BASED ON CURRONT PANO STANDARDS. ELECTRONIC VOTING WAS ADDED AS AN OPTION FOR OBTAINING BOARD APPROVAL OF EMERGENCY SITUATIONS, LACK OF QUORUM AT A REGULAR MEETING, OR ADDRESS AN URGENT BUSINESS MATTER. SPECIFICS ON THE BOARD MEETING SCHEDULE, WHERE THE BOARD MAY MEET, AND THE TIMELINE FOR NOTIFICATION OF MEETINGS WERE MORE CLEARLY DEFINED. THE COMMITTEES SECTION WAS UPDATED TO ALIGN EACH COMMITTEE WITH CURRENT OPERATIONS. THE FACILITIES COMMITTEE AND STANDHOLDER REVIEW COMMITTEE WERE ADDED AS PERMANENT STANDING COMMITTEES, WITH THEIR ACTIVITIES DEFINED. THE NOMINATING COMMITTEE'S ROLE IN PROPOSING THE COMMITTEE ROSTER WAS FORMALIZED. IN ADDITION, A MECHANISM FOR REMOVING AN INDIVIDUAL FROM A COMMITTEE WAS PROVIDED. FORM 990, PAGE 6, PART VI, LINE 11B TREASURER AND BOARD REVIEW FORM 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH DISCUSSIONS AT BOARD MEETINGS. FORM 990, PAGE 6, PART VI, LINE 15A IN SETTING THE SALARIES FOR THE MANAGER OF MARKET OPERATIONS AND EXECUTIVE DIRECTOR, THE TRUST CONSIDERS COMPARABLE DATA FOR OTHER SIMILAR MANAGEMENT POSITIONS. FORM 990, PAGE 6, PART VI, LINE 19 INFORMATION IS MADE AVAILABLE IN WRITING UPON REQUEST.