2024-05-09T11:18:07-05:00 2023-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2022-07-01 274202998 CHARLOTTE CITY MARKET CHAR 7043322227 225 E 6TH STREET SUITE B CHARLOTTE NC 28202 MICHAEL J SMITH SECRETARY/TREASURER 7043322227 2024-05-08 1 MICHAEL SMITH 999009999 1 JANICE A RATICA P00358837 7043338881 2024-04-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THE MARKET AT 7TH STREET MICHAEL J SMITH 225 E 6TH STREET SUITE B CHARLOTTE NC 28202 682004 0 X THEMARKETAT7THSTREET.COM X 2010 NC CHARLOTTE CITY MARKET IS ORGANIZED AND OPERATED IN UPTOWN CHARLOTTE, NORTH CAROLINA EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, SMALL BUSINESS INCUBATION, ACCESS TO FRESH, LOCALLY SOURCED FOOD AND COMMUNITY WELLNESS. CHARLOTTE CITY MARKET SUPPORTS A YEAR-ROUND FACILITY. THAT SERVES AS A CENTER FOR NEW FOOD AND RETAIL BUSINESS INCUBATION, ECONOMIC MOBILITY THROUGH ENTREPRENEURSHIP, COMMUNITY WELLNESS AND PUBLIC EDUCATION. 13 13 6 18 0 0 155500 275124 289361 390685 0 -16062 6573 16195 451434 665942 0 0 0 0 195602 218334 0 0 23461 473236 465761 668838 684095 -217404 -18153 961593 1043819 65703 53582 895890 990237 X THE MARKET AT 7TH STREET IS A MISSION-BASED NONPROFIT THAT COMBINES CULINARY + 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. 0 0 570847 406880 THE MARKET RESERVES A PERCENTAGE OF SPACES FOR NEW, SMALL, FOOD AND RETAIL BUSINESSES THAT HAVE NOT HAD A BRICK-AND-MORTAR STOREFRONT IN THE PAST. THE MARKET PROVIDES BELOW-MARKET RENT, MARKETING SUPPORT, EDUCATION, AND MENTORSHIP SUPPORT THROUGH THE FIRST CRITICAL YEARS OF OPERATION. MANY OF THE MARKET'S DIVERSE, YOUNG ENTREPRENEURS ARE NON-TRADITIONAL BUSINESS OWNERS WHO ARE LAUNCHING THEIR FIRST BUSINESSES. THE MARKET SUPPORTS THEM AS THEY NAVIGATE THE FIRST YEARS AND FIND THEIR ECONOMIC FOOTING. THE MARKET VIEWS DIVERSITY AND INCLUSION AS PART OF COMMUNITY WELLNESS AND THE BASIS FOR A WELCOMING COMMONS. 570847 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X MOIRA QUINN KLEIN 7043322227 200 SOUTH TRYON STREET SUITE 1600 CHARLOTTE NC 28202 HENDRICK ELLIS DIRECTOR 1.00 X 0 0 0 HOLLY ESKRIDGE DIRECTOR 1.00 X 0 0 0 DANIEL B MURREY MD MPP DIRECTOR 1.00 X 0 0 0 LAURA PERES DIRECTOR 1.00 X 0 0 0 MIKE RESTAINO DIRECTOR 1.00 X 0 0 0 GINA SHERIDAN DIRECTOR 1.00 X 0 0 0 HEIDI SMITH DIRECTOR 1.00 X 0 0 0 CORINNE WEBER DIRECTOR 1.00 X 0 0 0 ANTHONY TROTMAN DIRECTOR 1.00 X 0 0 0 RAYMOND ZOLLER DIRECTOR 1.00 X 0 0 0 JOE HAUBENHOFER DIRECTOR 1.00 X 0 0 0 BLAIR PRIMIS CHAIRMAN 1.00 X X 0 0 0 MICHAEL J SMITH SECRETARY/TREASURER 5.00 X X 0 0 0 JAMES BELLE EXECUTIVE DIRECTOR THRU 10/22 40.00 X 71140 0 12442 ELENI SAUNDERS CFO 6.00 X 18498 0 4008 SALEM SUBER EXECUTIVE DIRECTOR START 2/23 40.00 X 0 0 0 89638 0 16450 0 0 0 0 0 275124 275124 VENDOR RENTS AND FEES 900099 390685 390685 390685 16062 -16062 -16062 -16062 MISCELLANEOUS REVENUE 900099 16195 16195 16195 665942 406880 0 -16062 206413 173387 16513 16513 4460 3746 357 357 7461 6267 597 597 3717 3420 297 5084 4677 407 4912 4519 393 29461 27104 2357 180710 166254 14456 2715 2498 217 46751 46751 15894 14623 1271 PROGRAM COSTS 99359 99359 0 0 SHARED SERVICES 74926 62938 5994 5994 DUES & LICENSES 2232 2055 177 0 684095 570847 89787 23461 136206 223214 29174 79252 1086659 345306 796213 741353 961593 1043819 56304 42915 9399 10667 65703 53582 X 0 0 0 0 895890 990237 895890 990237 961593 1043819 -18153 112500 0 X 0 0 0 X 131000 143476 166241 155500 275124 871341 131000 143476 166241 155500 275124 871341 555292 316049 871341 1271246 0.36270 0.30420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 870267 192056 678211 170755 108861 61894 45637 44389 1248 741353 SECURITY DEPOSITS 10250 DUE TO CHARLOTTE CENTER CITY PARTNERS 417 10667 FORM 990, PART VI, SECTION A, LINE 3 THE MARKET HAS A MANAGEMENT AGREEMENT WITH CHARLOTTE CENTER CITY PARTNERS (CCCP), WHICH IS A 501(C)(4) ORGANIZATION. CCCP PROVIDES FUNCTIONAL SUPPORT AND STRATEGIC PLANNING REGARDING THE MARKET'S PROGRAMMING, TENANTING, FUNDRAISING, PR, MARKETING AND FINANCE. CCCP MANAGES THE MARKET UNDER THE GOVERNANCE OF THE MARKET BOARD. CCCP EMPLOYS AND MANAGES THE MARKET'S EXECUTIVE DIRECTOR TO LEAD THE MARKET AND ACHIEVE THE LONG TERM MISSION AND ANNUAL PROGRAM OF WORK. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE REVIEWED WITH THE BOARD OF DIRECTORS AT THEIR BOARD MEETING. IF NOT ABLE TO BE DONE IN PERSON, THE 990 WILL BE SENT TO THE BOARD OF DIRECTORS AND TIME WILL BE ALLOWED FOR REVIEW AND QUESTIONS BEFORE THE 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANY MEMBER OF THE BOARD OF DIRECTORS WHO KNOWINGLY HAS A CONFLICT OF INTEREST OR A PERCEIVED CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER COMING BEFORE THE BOARD OF DIRECTORS PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSION AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 KEY PERSONNEL IN SUPPORT OF CHARLOTTE CITY MARKET ARE EMPLOYEES OF THE CHARLOTTE CENTER CITY PARTNERS ("CCCP") AND ARE SUBJECT TO THE COMPENSATION AND PERSONNEL POLICIES OF CCCP. CCCP CONSISTENTLY REVIEWS AND DOCUMENTS ITS COMPENSATION STRUCTURE TO ENSURE REASONABLENESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.