EASTERN MARKET CORPORATION

EASTERN MARKET CORPORATION

Detroit, MI, US
501(c)3
EIN
32-0030432
Regional Funder

EASTERN MARKET CORPORATION

Detroit, MI, US
501(c)3
EIN
32-0030432
Regional Funder

Overview

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Est.

2006

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Eastern Market Corporation, based in Detroit, Michigan, is a nonprofit organization dedicated to enhancing the Eastern Market District by improving access to healthy, affordable food choices and fortifying the food sector as a key driver of regional economic growth. With an operating budget of $5.9 million and total revenue of $6.8 million for the 2024 filing year, the organization relies on diverse funding sources, with no single funder contributing 50% or more of its revenue. For more information, visit their website at www.easternmarket.org.

Mission Statement

THE MISSION OF EASTERN MARKET CORPORATION ("EASTERN MARKET") IS TO LEVERAGE ITS DYNAMIC HISTORY, MANAGE OPERATIONS, DEVELOP PROGRAMS, BUILD FACILITIES, AND PROVIDE CRITICAL INFRASTRUCTURE TO STRENGTHEN THE EASTERN MARKET DISTRICT, IMPROVE ACCESS TO HEALTHY, GREEN, AFFORDABLE, AND FAIR FOOD CHOICES IN DETROIT AND THROUGHOUT SOUTHEAST MICHIGAN, AND FORTIFY THE FOOD SECTOR AS A PILLAR OF REGIONAL ECONOMIC GROWTH.
Revenues

$6.8M

Expenses

$6.3M

Net Income:
+$455.2K
Assets

$14.4M

Liabilities

$568.3K

Net Assets:
+$13.9M
Operating Budget

$5.9M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

11

Median grant size
$150K
Largest grant received
$1M
K
Katharine Trudeau
Board Member
J
Jay Bonahoom
Board Member
R
Ron Brundidge
Board Member

Frequently Asked Questions

What is EASTERN MARKET CORPORATION’s budget?
In 2024, EASTERN MARKET CORPORATION reported an annual operating budget of around $5.9 million. More detailed financial information is available to registered users.
What causes does EASTERN MARKET CORPORATION support?
EASTERN MARKET CORPORATION supports work in Health, History, Agriculture, fishing and forestry, and Agriculture.
Where does EASTERN MARKET CORPORATION operate?
EASTERN MARKET CORPORATION is headquartered in Detroit, MI.
Who funded EASTERN MARKET CORPORATION recently?
In 2024, EASTERN MARKET CORPORATION received grants from WK Kellogg Foundation, THE KRESGE FOUNDATION, and COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN. More information on this organization’s funders is available to registered users.
What is the largest grant EASTERN MARKET CORPORATION received in 2024?
The largest grant to EASTERN MARKET CORPORATION in 2024 exceeds $1 million.
What is EASTERN MARKET CORPORATION’s reliance on government grants?
EASTERN MARKET CORPORATION relied on government grants for more than 25% of their total revenue in 2024.
Overview
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