Nonprofit · EIN 32-0030432
EASTERN MARKET CORPORATIOIN
Tax-exempt · DETROIT, MI 48207
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,796,753 | $6,341,600 | $455,153 | $14,432,831 | $568,276 | $13,864,555 |
| December 31, 2023 | 990 (amended) | $8,130,717 | $5,539,909 | $2,590,808 | $14,377,658 | $1,153,703 | $13,223,955 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,142,282
- of which government grants
- $1,928,781
- Program service revenue
- $1,534,718
- Investment income
- $137,814
- Royalties
- $90,000
- Net income from fundraising events
- -$128,416
- Net income from sales of inventory
- $20,355
- Other revenue
- -$18,061
Expenses
- Grants and similar amounts paid
- $439,253
- Compensation of officers, directors and key employees
- $356,043
- Other salaries and wages
- $1,881,478
- Salaries, compensation and benefits (total)
- $2,718,461
- Professional fundraising fees
- $0
- Legal fees
- $94,017
- Accounting fees
- $178,628
- Occupancy
- $522,033
- Travel
- $18,959
- Depreciation
- $597,918
- Program services (functional)
- $4,550,976
- Management and general (functional)
- $1,292,446
- Fundraising (functional)
- $498,178
Balance sheet and other
- Total assets, start of year
- $14,377,658
- Total assets, end of year
- $14,432,831
- Total liabilities, end of year
- $568,276
- Net assets, end of year
- $13,864,555
- Land, buildings and equipment
- $7,259,314
- Net assets without donor restrictions
- $9,011,063
- Net assets with donor restrictions
- $4,853,492
- Gross receipts
- $7,033,418
- Employees
- 67
- Volunteers
- 40
- Year formed
- 2006
- State of legal domicile
- MI
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL CARMODY | CEO (TERM 12/2024) Officer | 45 | $187,090 | $11,070 |
| KATHARINE TRUDEAU | PRESIDENT Officer | 34 | $168,952 | $0 |
| BRANDON SENG | DIRECTOR OF PROGRAMS Highest-paid employee | 39 | $128,979 | $0 |
| PERCOLA BROOKS | DIR. OF ACCOUNTING (TERM 11/2024) Highest-paid employee | 40 | $109,734 | $250 |
| JAMES SUTHERLAND | DIRECTOR OF FACILITIES Highest-paid employee | 40 | $105,420 | $990 |
| CINDY PASKY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DONALD RENCHER | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DREW PATRICK | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| VINCENT SANNA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ARMOND HARRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BJ BELCOURE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN ELLISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRITTANY HOSKWIC | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARLOS PARISI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOS MOSIDES | DIRECTOR Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRYSTAL PERKINS | DIRECTOR Trustee or director | 1 | $0 |
| DARA O'BRYNE | DIRECTOR Trustee or director | 1 | $0 |
| FRANK GERMACK | DIRECTOR Trustee or director | 1 | $0 |
| FRED DURHAL | DIRECTOR Trustee or director | 1 | $0 |
| JAY BONAHOOM | DIRECTOR Trustee or director | 1 | $0 |
| JOE SPENCER | DIRECTOR Trustee or director | 1 | $0 |
| JONATHAN KUNG | DIRECTOR Trustee or director | 1 | $0 |
| LATISHA JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| RON BRUNDIDGE | DIRECTOR Trustee or director | 1 | $0 |
| TOSHA TABRON | DIRECTOR Trustee or director | 1 | $0 |
| VIOLET GINTSIS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL CARMODY | CHIEF EXECUTIVE OFFICER Officer | 50 | $194,423 | $2,600 |
| DIETRICH KNOER | EXECUTIVE DIRECTOR, EMDC Officer | 1 | $130,174 | $0 |
| BRANDON SENG | DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $125,000 | $0 |
| KATHARINE TRUDEAU | PRESIDENT Officer | 39 | $109,904 | $0 |
| PERCOLA BROOKS | DIRECTOR OF ACCOUNTING Highest-paid employee | 40 | $102,570 | $0 |
| CINDY PASKY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DONALD RENCHER | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DREW PATRICK | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JUDITH MCNEELY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BJ BELCOURE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY BONAHOOM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RON BRUNDIDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRED DURHAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANK GERMACK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VIOLET GINTSIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ARMOND HARRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LATISHA JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK KALTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN KUNG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARLOS PARISI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LUKE POLCYN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VINCE SANNA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE SPENCER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SANDRA YU STAHI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOSHA TABRON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONI THROWER-DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2934 RUSSELL ST, DETROIT, MI 48207-4826
- In care of
- % JOSEPJ G KUSPA
- Principal officer (990 for 2024)
- KATHARINE TRUDEAU, 2934 RUSSELL, DETROIT, MI 482074826
- Signed the 990
- KATHARINE TRUDEAU, PRESIDENT
- Phone
- (313) 833-9300
- Website
- WWW.EASTERNMARKET.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
EASTERN MARKET IS ORGANIZED TO COMBAT COMMUNITY DETERIORATION AND TO LESSEN THE BURDENS OF GOVERNMENT IN MANAGING ITS PUBLIC MARKET THAT HAS SERVED DETROIT SINCE 1891. EASTERN MARKET OPERATES THE MARKET UNDER AN AGREEMENT WITH THE CITY OF DETROIT, WHICH OWNS THE FACILITY. EASTERN MARKET HAS DEVELOPED A CAPITAL IMPROVEMENT PLAN AND IS IMPLEMENTING A SERIES OF CAPITAL IMPROVEMENTS TO IMPROVE THE MARKET'S ABILITY TO SERVE AS A FOOD CENTER FOR DETROIT AND AS A CATALYST FOR ECONOMIC DEVELOPMENT. THE STAKEHOLDERS' VISION FOR THE EASTERN MARKET DISTRICT (THE "MARKET") IS TO LEVERAGE THE ATTRACTION AND LEGACY OF THE MARKET, TO BUILD A DYNAMIC, DIVERSE, AND UNIQUE URBAN DISTRICT, AND TO STRENGTHEN THE IDENTITY OF THE MARKET AS A FOOD-RELATED DISTRICT BY ENHANCING THE OPERATIONS OF THE EXISTING PUBLIC MARKET AND BY DEVELOPING BUSINESS OPPORTUNITIES FOR SPECIALTY FOOD RETAILERS, FOOD WHOLESALE OPERATIONS, RESTAURANTS, FOOD DISTRIBUTORS, AND FOOD PROCESSORS.
Program accomplishments
- PUBLIC MARKET ACTIVITIES: FEES FOR THE USE OF MARKET FACILITIES AND LOTS, AS WELL AS SHED STALL LEASES TO PROVIDE MARKET VENDORS ACCESS TO THE PUBLIC IN A CENTRALIZED LOCATION INCLUDING 52 SATURDAY MARKETS, NUMEROUS SUNDAY AND TUESDAY MARKETS, AND SEVERAL PRIVATE FACILITY RENTALS.Expenses $3,880,501 · grants $439,253 · revenue $1,426,469
- FOOD ACCESS SUPPORT PROGRAM: COMMUNITY BASED POP-UP MOBILE MARKET THAT IMPROVES ACCESS TO FRESH, HEALTHY FOOD AND PROVIDES NUTRITION EDUCATION.Expenses $670,475 · revenue $128,604
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 32-0030432
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K99)
- Assets (IRS master file)
- $14,432,831
- Income (IRS master file)
- $7,033,418
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,796,753 | $6,341,600 | $14,432,831 | XML |
| 990 | December 2023 | $8,130,717 | $5,539,909 | $14,377,658 | XML |
| 990 | December 2022 | $4,869,009 | $6,029,449 | $10,937,880 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 32-0030432).
Questions about EASTERN MARKET CORPORATIOIN
- What is the EIN of EASTERN MARKET CORPORATIOIN?
- The employer identification number (EIN) of EASTERN MARKET CORPORATIOIN is 32-0030432.
- Is EASTERN MARKET CORPORATIOIN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to EASTERN MARKET CORPORATIOIN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EASTERN MARKET CORPORATIOIN 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 EASTERN MARKET CORPORATIOIN due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EASTERN MARKET CORPORATIOIN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of EASTERN MARKET CORPORATIOIN?
- The 990 for the year ended December 31, 2024 names KATHARINE TRUDEAU.
- Who are the officers and directors of EASTERN MARKET CORPORATIOIN?
- The 990 for the year ended December 31, 2024 lists 26 people; 5 received compensation from the organization, the highest $187,090 (DANIEL CARMODY, CEO (TERM 12/2024)).
- How much revenue does EASTERN MARKET CORPORATIOIN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,796,753, expenses of $6,341,600 and total assets of $14,432,831 at year end.
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