Nonprofit · EIN 27-4202998
CHARLOTTE CITY MARKET
Tax-exempt · CHARLOTTE, NC 28202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $737,206 | $815,948 | -$78,742 | $941,831 | $32,397 | $909,434 |
| June 30, 2024 | 990 | $586,544 | $813,605 | -$227,061 | $914,566 | $38,890 | $875,676 |
| June 30, 2023 | 990 | $665,942 | $684,095 | -$18,153 | $1,043,819 | $53,582 | $990,237 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $289,292
- Program service revenue
- $442,724
- Investment income
- $0
- Other revenue
- $5,190
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $101,907
- Other salaries and wages
- $194,577
- Salaries, compensation and benefits (total)
- $312,286
- Professional fundraising fees
- $0
- Legal fees
- $1,493
- Occupancy
- $285,758
- Depreciation
- $37,758
- Program services (functional)
- $687,702
- Management and general (functional)
- $97,897
- Fundraising (functional)
- $30,349
Balance sheet and other
- Total assets, start of year
- $914,566
- Total assets, end of year
- $941,831
- Total liabilities, end of year
- $32,397
- Net assets, end of year
- $909,434
- Land, buildings and equipment
- $743,789
- Gross receipts
- $737,206
- Employees
- 7
- Volunteers
- 25
- Year formed
- 2010
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SALEM SUBER | EXECUTIVE DIRECTOR Officer | 40 | $0 | $77,692 | $24,214 |
| ELENI SAUNDERS THRU 22825 | CFO Officer | 6 | $0 | $23,685 | $4,703 |
| HENDRICK ELLIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HOLLY ESKRIDGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOE LABUE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHELE GLESSNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD MATHIEU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARYANN LARGEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CINDY PRAEGER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANTHONY TROTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LEO SCARPATI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOE HAUBENHOFER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAURA WHITE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BLAIR PRIMIS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL J SMITH | SECRETARY/TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA PERES | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SALEM SUBER | EXECUTIVE DIRECTOR Officer | 40 | $0 | $66,793 | $20,729 |
| ELENI SAUNDERS | CFO Officer | 6 | $0 | $20,902 | $6,139 |
| HENDRICK ELLIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HOLLY ESKRIDGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL B MURREY MD MPP | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAURA PERES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHELE GLESSNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD MATHIEU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HEIDI SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CORINNE WEBER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANTHONY TROTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LEO SCARPATI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOE HAUBENHOFER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAURA WHITE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BLAIR PRIMIS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL J SMITH | SECRETARY/TREASURER Trustee or director, Officer | 5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES BELLE | EXECUTIVE DIRECTOR THRU 10/22 Officer | 40 | $71,140 | $12,442 |
| ELENI SAUNDERS | CFO Officer | 6 | $18,498 | $4,008 |
| HENDRICK ELLIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HOLLY ESKRIDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL B MURREY MD MPP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA PERES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE RESTAINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GINA SHERIDAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HEIDI SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORINNE WEBER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY TROTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAYMOND ZOLLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE HAUBENHOFER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BLAIR PRIMIS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL J SMITH | SECRETARY/TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| SALEM SUBER | EXECUTIVE DIRECTOR START 2/23 Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 S TRYON ST STE 1600, CHARLOTTE, NC 28202-0064
- In care of
- % MICHAEL J SMITH
- Principal officer (990 for 2024)
- MICHAEL J SMITH, 225 E 6TH STREET SUITE B, CHARLOTTE, NC 28202
- Signed the 990
- MICHAEL J SMITH, SECRETARY/TREASURER
- Phone
- (704) 332-9575
- Website
- THEMARKETAT7THSTREET.COM
- Return prepared by
- ELLIOTT DAVIS ADVISORY LLC
Mission
THE MARKET AT 7TH STREET IS A MISSION-BASED NONPROFIT THAT COMBINES CULINARY AND RETAIL INNOVATION, ECONOMIC OPPORTUNITY, AND A SENSE OF BELONGING. THE MARKET: 1) INCUBATES NEW FOOD AND RETAIL BUSINESSES, 2) SUPPORTS ECONOMIC MOBILITY THROUGH ENTREPRENEURSHIP, AND 3) BUILDS COMMUNITY WELLNESS, AS A WELCOMING COMMONS FOR ALL.
Program accomplishments
- THE MARKET RESERVES A PERCENTAGE OF SPACES FOR EARLY-STAGE, LOCAL ENTREPRENEURS, CHEFS, RETAILERS, AND MAKERS. THE MARKET PROVIDES BELOW-MARKET AND SCALABLE RENTS, MARKETING SUPPORT, EXPERIENTIAL EDUCATION PROGRAMS, ACCESS TO RESOURCES, AND MENTORSHIP SUPPORT THROUGH THE EARLY STAGES OF BUSINESS DEVELOPMENT.Expenses $687,702 · revenue $447,914
- MANY OF THE MARKET'S EARLY ENTREPRENEURS ARE WHO ARE QUALIFIED AND UNDER-CAPITALIZED OWNERS THAT ARE LAUNCHING THEIR FIRST BUSINESSES. THE MARKET SUPPORTS THEM AS THEY NAVIGATE THE FIRST YEARS SO THEY ARE STRENGTHENING ALL AREAS OF THEIR BUSINESS.
- THE MARKET IS THE DESIRED DESTINATION TO DEVELOP INNOVATIVE FOOD AND RETAIL CONCEPTS AND THE AUTHENTIC COMMUNITY GATHERING SPOT FOR ALL RESIDENTS AND VISITORS.
- THE MARKET LAUNCHED ITS EXPERIENTIAL EDUCATION PROGRAM, THE HUB FOR INCLUSIVITY, INNOVATION, AND ENTREPRENEURSHIP (HIIVE). HIIVE HAS GRADUATED OVER 60 SMALL BUSINESSES THROUGH ITS 9-WEEK CURRICULUM FOCUSED ON BOLSTERING BUSINESS FUNDAMENTALS AND HELPING ALIGN THEIR SMALL BUSINESS WITH THE BUSINESS OF CENTER CITY.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-4202998
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E70)
- Assets (IRS master file)
- $941,831
- Income (IRS master file)
- $737,206
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $737,206 | $815,948 | $941,831 | IRS |
| 990 | June 2024 | $586,544 | $813,605 | $914,566 | IRS |
| 990 | June 2023 | $665,942 | $684,095 | $1,043,819 | XML |
| 990 | June 2022 | $451,434 | $668,838 | $961,593 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-4202998).
Questions about CHARLOTTE CITY MARKET
- What is the EIN of CHARLOTTE CITY MARKET?
- The employer identification number (EIN) of CHARLOTTE CITY MARKET is 27-4202998.
- Is CHARLOTTE CITY MARKET tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to CHARLOTTE CITY MARKET tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHARLOTTE CITY MARKET file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHARLOTTE CITY MARKET due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHARLOTTE CITY MARKET last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CHARLOTTE CITY MARKET?
- The 990 for the year ended June 30, 2025 names MICHAEL J SMITH.
- Who are the officers and directors of CHARLOTTE CITY MARKET?
- The 990 for the year ended June 30, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does CHARLOTTE CITY MARKET have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $737,206, expenses of $815,948 and total assets of $941,831 at year end.
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