Nonprofit · EIN 20-2974172
FRIENDS OF THE MARKET INC
Tax-exempt · BIRMINGHAM, AL 35205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $175,560 | $183,136 | -$7,576 | $56,706 | $0 | $56,706 |
| December 31, 2024 | 990-EZ | $103,972 | $86,754 | $17,218 | $64,282 | $0 | $64,282 |
| December 31, 2023 | 990-EZ | $85,802 | $83,804 | $1,998 | $47,064 | $0 | $47,064 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $169,186
- Program service revenue
- $0
- Investment income
- $0
- Net income from sales of inventory
- $6,374
- Other revenue
- $6,374
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,260
- Travel
- $2,839
- Program services (functional)
- $168,380
- Management and general (functional)
- $14,756
Balance sheet and other
- Total assets, start of year
- $64,282
- Total assets, end of year
- $56,706
- Total liabilities, end of year
- $0
- Net assets, end of year
- $56,706
- Gross receipts
- $191,174
- Employees
- 0
- Volunteers
- 21
- Year formed
- 2005
- State of legal domicile
- AL
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CATHERINE SLOSS JONES | BOARD CHAIR EMERITUS Trustee or director, Officer | 1.5 | $0 |
| VALERIE THOMAS | PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| FRANK STITT | VICE PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| ALLISON SAVELA | TREASURER Trustee or director, Officer | 1.5 | $0 |
| JOHN STEINER | SECRETARY Trustee or director, Officer | 1.5 | $0 |
| RITA MEANS | DIRECTOR Trustee or director | 1.5 | $0 |
| CHERYL MORGAN | DIRECTOR Trustee or director | 1.5 | $0 |
| ARLIE POWELL | DIRECTOR Trustee or director | 1.5 | $0 |
| JASON POWELL | DIRECTOR Trustee or director | 1.5 | $0 |
| FRANKLIN BIGGS | DIRECTOR Trustee or director | 1.5 | $0 |
| BECKY SMITH | DIRECTOR Trustee or director | 1.5 | $0 |
| CORY STALLWORTH | DIRECTOR Trustee or director | 1.5 | $0 |
| KATHERINE DAVIS | DIRECTOR Trustee or director | 1.5 | $0 |
| ROSCOE HALL | DIRECTOR Trustee or director | 1.5 | $0 |
| PARDIS STITT | DIRECTOR Trustee or director | 1.5 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOLLY TERRELL | DIRECTOR Trustee or director | 1.5 | $0 |
| RAHUL THADANI | DIRECTOR Trustee or director | 1.5 | $0 |
| ROBERT WALTHALL | DIRECTOR Trustee or director | 1.5 | $0 |
| LEILA WATSON | DIRECTOR Trustee or director | 1.5 | $0 |
| JEREMY RASBERRY | DIRECTOR Trustee or director | 1.5 | $0 |
990-EZ for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CATHERINE SLOSS JONES | BOARD PRESIDENT | 1.5 | $0 |
| ROBERT WALTHALL | DIRECTOR | 1.5 | $0 |
| ALLISON SAVELA | DIRECTOR | 1.5 | $0 |
| FRANKLIN BIGGS | DIRECTOR | 1.5 | $0 |
| KATHERINE DAVIS | DIRECTOR | 1.5 | $0 |
| HOLLY TERRELL | DIRECTOR | 1.5 | $0 |
| CHERYL MORGAN | DIRECTOR | 1.5 | $0 |
| ARLIE POWELL | DIRECTOR | 1.5 | $0 |
| JASON POWELL | DIRECTOR | 1.5 | $0 |
| BEVERLY SMITH | DIRECTOR | 1.5 | $0 |
| JOHN STEINER | DIRECTOR | 1.5 | $0 |
| FRANK STITT | DIRECTOR | 1.5 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CATHERINE SLOSS JONES | BOARD PRESIDENT | 1.5 | $0 |
| ROBERT WALTHALL | DIRECTOR | 1.5 | $0 |
| ALLISON SAVELA | DIRECTOR | 1.5 | $0 |
| FRANKLIN BIGGS | DIRECTOR | 1.5 | $0 |
| KATHERINE DAVIS | DIRECTOR | 1.5 | $0 |
| HOLLY TERRELL | DIRECTOR | 1.5 | $0 |
| MICHELE KORF | DIRECTOR | 1.5 | $0 |
| ARLIE POWELL | DIRECTOR | 1.5 | $0 |
| JASON POWELL | DIRECTOR | 1.5 | $0 |
| BEVERLY SMITH | DIRECTOR | 1.5 | $0 |
| JOHN STEINER | DIRECTOR | 1.5 | $0 |
| FRANK STITT | DIRECTOR | 1.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1130 22ND ST S STE 3500, BIRMINGHAM, AL 35205-2885
- In care of
- % CATHERINE S CRENSHAW
- Mailing address (990-N for 2018)
- 1130 22ND STREET SOUTH SUITE 3500, BIRMINGHAM AL 35205
- Principal officer (990 for 2025)
- CATHERINE S JONES, 1130 22ND STREET SOUTH SUITE 3500, BIRMINGHAM, AL 352052883
- Principal officer (990-N for 2018)
- CATHERINE S JONES, 1130 22ND STREET SOUTH SUITE 3500, BIRMINGHAM AL 352052883
- Signed the 990
- CATHERINE S JONES, BOARD CHAIR EMERITUS
- Phone
- (205) 802-2100
- Website
- WWW.PEPPERPLACEMARKET.COM
- Return prepared by
- RSM US LLP
Mission
SUPPORT ALABAMA FARMERS AND SMALL BUSINESSES, ENSURING THAT EVERYONE IN THE COMMUNITY HAS ACCESS TO FRESH, HEALTHY FOOD AND KEEP SATURDAY MORNINGS ALIVE WITH FRIENDS, FOOD, AND MUSIC IN DOWNTOWN BIRMINGHAM.
Program accomplishments
- SPONSOR THE CELEBRATE TRAILS DAY IN CONJUNCTION WITH RAILS TO TRAILS CONSERVANCY.Expenses $166,293 · revenue $6,374
- REIMBURSE FARMERS FOR DOUBLE UP BUCKS FOOD COUPONS USED TO BUY PRODUCE.Expenses $2,087
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-2974172
- 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
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K99)
- Assets (IRS master file)
- $56,706
- Income (IRS master file)
- $191,174
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $175,560 | $183,136 | $56,706 | IRS |
| 990-EZ | December 2024 | $103,972 | $86,754 | $64,282 | IRS |
| 990-EZ | December 2023 | $85,802 | $83,804 | $47,064 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: CATHERINE S JONES | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 20-2974172).
Questions about FRIENDS OF THE MARKET INC
- What is the EIN of FRIENDS OF THE MARKET INC?
- The employer identification number (EIN) of FRIENDS OF THE MARKET INC is 20-2974172.
- Is FRIENDS OF THE MARKET INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to FRIENDS OF THE MARKET INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF THE MARKET INC 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 FRIENDS OF THE MARKET INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF THE MARKET INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FRIENDS OF THE MARKET INC?
- The 990 for the year ended December 31, 2025 names CATHERINE S JONES.
- Who are the officers and directors of FRIENDS OF THE MARKET INC?
- The 990 for the year ended December 31, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF THE MARKET INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $175,560, expenses of $183,136 and total assets of $56,706 at year end.
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