Overview

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Est.

2006

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

EASTERN MARKET CORPORATION is a Detroit-based nonprofit focused on agriculture, history, and health, with a mission to strengthen the Eastern Market District, expand access to healthy and affordable food in Detroit and Southeast Michigan, and support the regional food sector as an engine of economic growth. In filing year 2024, it reported a $5.9M operating budget and $6.8M in total revenue, with major funders including WK Kellogg Foundation, THE RALPH C WILSON JR FOUNDATION, and WILLIAM DAVIDSON FOUNDATION.

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
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  • 45 funders
  • 79 board & team members
  • 11 historic 990s & financials
  • 6-year operating budget trend
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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.