2024-05-15T18:36:39-05:00 2023-06-30 562306396 BEACH FREEMAN LIM & CLELAND LLP 861 PARKVIEW DR N SUITE 200 EL SEGUNDO CA 90245 990 2022-07-01 812328759 THE LITTLE MARKET INC LITT 8004043300 914 MONTANA AVE SANTA MONICA CA 90403 HANNAH TAYLOR CO-FOUNDER 8004043300 2024-05-15 1 HANNAH TAYLOR 999009999 0 STEVE CLELAND P00367242 3104471234 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THE LITTLE MARKET FOUNDATION HANNAH TAYLOR 3400 S SUSAN STREET UNIT B SANTA ANA CA 92704 7765623 0 X WWW.THELITTLEMARKET.COM X 2016 CA SEE SCHEDULE O 7 7 65 0 0 0 5433570 4961157 0 0 4 1 958161 826406 6391735 5787564 0 0 0 0 3655988 3769798 0 0 206025 2143356 2674158 5799344 6443956 592391 -656392 1807456 883488 761741 494165 1045715 389323 X SEE SCHEDULE O.A MAIN FOCUS OF THE CHARITY'S CHARITABLE AND EDUCATIONAL ACTIVITIES IS WORKING WITH CO-OPS, COMMUNITY BASED ORGANIZATIONS AND SOCIAL ENTERPRISES COMPRISING WOMEN ARTISANS IN IMPROVISHED COMMUNITIES THROUGHOUT ASIA, AFRICA, AND LATIN AND SOUTH AMERICA. TO SUPPORT THE ECONOMIC INDEPENDENCE AND EMPOWERMENT OF WOMEN AND THE RELIEF OF POVERTY IN THEIR COMMUNITIES, THE CHARITY ARRANGES TO PURCHASE HANDICRAFTS FROM THE ARTISANS CO-OPS, COMMUNITY-BASED ORGANIZATIONS AND SOCIAL ENTERPRISES AT FAIR TRADE PRICES THAT PAY A LIVING WAGE. AS A MEMBER OF THE FAIR TRADE FEDERATION, THE CHARITY IS COMMITED TO CREATING AN ACCESSIBLE MARKETPLACE SO THAT THESE ARTISANS CAN PURCHASE THE MATERIALS NEEDED FOR PRODUCTION, WITH THE REMAINING FIFTY-PERCENT PAID UPON DELIVERY. THE CHARITY THEN SELLS THE HANDICRAFTS THROUGH AN ONLINE MARKETPLACE ON THE CHARITY'S WEBSITE, WITH SUCH HANDICRAFTS MARKED-UP FROM WHOLESALE TO COVER THE CHARITY'S OVERHEAD COSTS. 0 0 4597165 826406 SEE SCHEDULE O.-MAKING GRANTS AND EXPENDITURES TO SUPPORT ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE CODE;-EDUCATING THE PUBLIC ABOUT ISSUES OF SOCIAL RESPONSIBILITY, WHICH MAY INCLUDE SECURING THE RIGHTS OF MARGINALIZED PRODUCERS AND WORKERS, REDUCING GLOBAL POVERTY, AND EMPOWERING WOMEN;-SUPPORTING AND EMPOWERING FEMALE ARTISANS, PARTICULARLY IN IMPOVERISHED AND DEVELOPING COMMUNITIES;-PROMOTING SUSTAINABLE DEVELOPMENT AND GREATER EQUITY IN INTERNATIONAL TRADE BY SUPPORTING, ENGAGING IN, AND EDUCATING THE PUBLIC ABOUT FAIR TRADE PRINCIPLES;-ENGAGING IN OTHER ACTIVITIES WHICH ARE CHARITABLE AND EDUCATIONAL;-COOPERATING WITH OTHER CHARITABLE ORGANIZATIONS WHETHER LOCAL, NATIONAL OR INTERNATIONAL, FOR ANY OF THE FOREGOING PURPOSES; AND-CONDUCTING ANY OTHER ACTIVITIES THAT MAY BE NECESSARY, USEFUL, ORDESIRABLE FOR THE FURTHERANCE OR ACCOMPLISHMENT OF THE FOREGING PURPOSES, PROVIDED THAT THOSE ACTIVITIES WOULD NOT ENDANGER THE CORPORATION'S NOT-FOR-PROFIT OR TAX EXEMPT STATUS. 4597165 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 1 65 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X GWEN SANDERS 8004043300 3400 S SUSAN STREET UNIT B SANTA ANA CA 92704 HANNAH TAYLOR CHAIR AND CEO 40.00 X X 0 0 0 CECILIA GARZA SECRETARY 2.00 X X 0 0 0 FRANCESCA LEIWEKE-BODIE BOARD MEMBER 2.00 X 0 0 0 LINDSAY RACHELEFSKY BOARD MEMBER 2.00 X 0 0 0 JENNIFER REYNOSO BOARD MEMBER 2.00 X 0 0 0 MONA VINCE BOARD MEMBER 2.00 X 0 0 0 CAITLIN BEAS COO & TREASURER 40.00 X 192737 0 0 CARMEN BRYAN MANAGING DIRECTOR 40.00 X 204821 0 0 LAURA TOOMEY CHIEF OF STAFF 40.00 X 159665 0 0 557223 0 0 3 0 1 0 0 4961157 4961157 1 1 2804465 1978059 826406 826406 5787564 826406 0 1 557223 191739 289931 75553 3201395 3055303 93511 52581 11180 9371 1263 546 223154 2921 220063 170 313200 281051 32149 32106 15507 15696 903 190298 190298 652280 546743 73699 31838 11621 11621 14716 14716 10598 10598 42825 35896 4839 2090 29808 24985 3368 1455 CONTRIBUTIONS 887326 887326 CONTRACT EXPENSE 106466 89240 12029 5197 BANK CHARGES 83741 81506 2235 UTILITIES 59461 49841 6718 2902 16558 11143 4774 641 6443956 4597165 1640766 206025 17145 502057 2498 1376392 3801 39207 13313 439993 146458 334039 293535 49289 38175 21493 1807456 883488 257251 4466 65629 438861 489699 761741 494165 X 1045715 389323 1045715 389323 1807456 883488 X -656392 290000 -290000 X 0 1 X 1 0 X 1775311 2304656 2607242 4541419 4961157 16189785 3098758 2804465 5903223 3092459 2762140 3323310 9177909 4867770 5066796 5930552 7640177 7765622 31270917 1760000 1401130 3161130 0 1760000 1401130 3161130 28109787 1 1 1 1 4867770 5066796 5930552 7640177 7765623 31270918 0.89890 0.84310 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 439993 146458 293535 293535 PAYROLL PAYABLE 423412 CREDIT CARD PAYABLE 17372 ACCRUED EXPENSES 48915 489699 X 5006158 290000 290000 4716158 1071406 1071406 5787564 6733956 290000 290000 6443956 0 6443956 PART X, LINE 2: THE ENTITY EVALUATES UNCERTAIN TAX POSITIONS WHEREBY THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE TAX POSITIONS WERE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. AS OF YEAR-END, THE ENTITY HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL OR DISCLOSURE. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET SALES FROM DISCONTINUED OPERATIONS 826,406. IN-KIND CONTRIBUTIONS 245,000. 0 0 0 0 0 0 0 0 0 CARMEN BRYAN MANAGING DIRECTOR 204821 0 0 0 0 0 0 0 0 0 204821 0 0 0 CAITLIN BEAS COO & TREASURER 192737 0 0 0 0 0 0 0 0 0 192737 0 0 0 LAURA TOOMEY CHIEF OF STAFF 159665 0 0 0 0 0 0 0 0 0 159665 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATIONS HAS ONE CLASS OF MEMBERS AND ONE SOLE MEMBER, WHO IS HANNAH SKVARLA. THE MEMBERS, ACTING ALONE (IN THE CASE OF A SOLE MEMBER) OR BY MAJORITY VOTE, MAY APPOINT SUCCESSOR MEMBERS OR ADDITIONAL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS HANNAH SKVARLA HAS THE POWER TO ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 TAX RETURN IS PREPARED BY AN OUTSIDE CPA FIRM. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY THE MINUTES OF THE MEETING OF THE BOARD OR A COMMITTEE OF THE BOARD WILL REFLECT (A) THAT THE CONFLICT OF INTEREST WAS DISCLOSED, (B) THAT THE INTERESTED DIRECTOR, OFFICER OR STAFF MEMBER WAS NOT PRESENT DURING THE FINAL DELIBERATION OR VOTE OF THE BOARD OR COMMITTEE, AND (C) THAT THE INTERESTED PERSON ABSTAINED FROM VOTING. A CONFLICT OF INTEREST DISCLOSURE STATEMENT WILL BE FURNISHED ANNUALLY TO THE BOARD BY EACH DIRECTOR, OFFICER, AND STAFF MEMBER. THE DISCLOSURE STATEMENTS WILL BE REVIEWED ANNUALLY BY THE BOARD OR A COMMITTEE OF THE BOARD. IN ADDITION, EACH DIRECTOR, OFFICER, AND STAFF MEMBER MUST REPORT PROMPTLY TO THE SECRETARY OF THE CORPORATION ANY POTENTIAL CONFLICT OF INTEREST AS AND WHEN IT ARISES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL THE BOARD OF DIRECTORS, OR ANY COMMITTEE OF THE BOARD, MAY FROM TIME TO TIME ESTABLISH THE RATE OF COMPENSATION AND BENEFITS FOR THE STAFF PERSONNEL OF THE CORPORATION. THE FOUNDATION IS CURRENTLY USING AN OUTSIDE CO-EMPLOYER SERVICE COMPANY, INSPERITY, FOR PAYROLL PURPOSES AND THUS THE FOUNDATION ITSELF DOES NOT HAVE EMPLOYEES. AT THIS POINT, OTHER THAN DIRECTOR OF OPERATIONS, OTHER DIRECTORS ARE NOT COMPENSATED. COMPENSATION PROCESS FOR OFFICERS THE BOARD OF DIRECTORS, OR ANY COMMITTEE OF THE BOARD, MAY FROM TIME TO TIME ESTABLISH THE RATE OF COMPENSATION AND BENEFITS FOR THE STAFF PERSONNEL OF THE CORPORATION. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: IN-KIND/PRO BONO SERVICES -290,000.