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Nonprofit · EIN 22-3783442

ONE WORLD MARKET INC

Tax-exempt · ITHACA, NY 14850

Financials

$8K$21K2024
Revenue Expenses · by fiscal year end
Financials of ONE WORLD MARKET INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
January 31, 2025990$7,528$20,757-$13,229$37,622$1,192$36,430
Financial details: 990 for the year ended January 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$666
Net gain from sales of assets
-$81
Net income from sales of inventory
$6,677
Other revenue
$6,862

Expenses

Grants and similar amounts paid
$600
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$8,500
Professional fundraising fees
$0
Accounting fees
$2,593
Occupancy
$4,130
Depreciation
$183
Program services (functional)
$19,337
Management and general (functional)
$1,420

Balance sheet and other

Total assets, start of year
$52,940
Total assets, end of year
$37,622
Total liabilities, end of year
$1,192
Net assets, end of year
$36,430
Land, buildings and equipment
$218
Net assets without donor restrictions
$36,430
Gross receipts
$32,137
Employees
0
Volunteers
19
Year formed
2001
State of legal domicile
NY

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 January 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
John FracchiaPres & Co-Treasurer
Trustee or director, Officer
6$0
David BlantonVP & Co-Treasurer
Trustee or director, Officer
4$0
Barb RaabBoard Member
Trustee or director
2$0
Jess ShapiroBoard Member
Trustee or director
2$0
Leigh SchaffBoard Member
Trustee or director
2$0

Address and contacts

Address (IRS master file)
744 S MEADOW ST 1085, ITHACA, NY 14850-5380
In care of
% INGRID MCWILLIAMS
Principal officer (990 for 2024)
John Fracchia, 2735 Slaterville Rd, Brooktondale, NY 14817
Signed the 990
John Fracchia, BOD President
Phone
(607) 972-1532
Return prepared by
SIMONETTA ANTENUCCI CPA

Mission

See Statement as noted on Form 990, Page 2, Part III line 4a.

990 for the year ended January 31, 2025

Program accomplishments

  • To serve as an outlet in Ithaca, NY for the sale of fair trade goods made by artisans from around the world. The goal of the Organization is to raise awareness of artisans and to market their work in the Tompkins Couny area. The main activity is an annual rug sale event at which heirloom quality rugs from Pakistani families are offered for sale.
    Expenses $19,337 · grants $600 · revenue $6,862

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in January, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025January 31, 2026June 15, 2026Not on file
2024January 31, 2025June 16, 2025990 on file
2023January 31, 2024June 17, 2024990 on file

IRS record

EIN
22-3783442
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2002
Accounting year ends
January
Files
Form 990-N (e-Postcard)
Category (NTEE)
Human services (P29)
Assets (IRS master file)
$37,622
Income (IRS master file)
$32,137

Filing history

FormYear endedRevenueExpensesAssetsReturn
990January 2025–––IRS
990January 2024$86,766$119,143$52,940IRS
990January 2023$85,350$157,036$88,910IRS
990January 2022–––IRS
990January 2021–––IRS
990January 2020–––IRS
990January 2019–––IRS
990January 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about ONE WORLD MARKET INC

What is the EIN of ONE WORLD MARKET INC?
The employer identification number (EIN) of ONE WORLD MARKET INC is 22-3783442.
Is ONE WORLD MARKET INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to ONE WORLD MARKET INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ONE WORLD MARKET INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of ONE WORLD MARKET INC due?
The return for tax year 2025 (the year ending January 31, 2026) is due June 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ONE WORLD MARKET INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended January 2025.
Who is the principal officer of ONE WORLD MARKET INC?
The 990 for the year ended January 31, 2025 names John Fracchia.
Who are the officers and directors of ONE WORLD MARKET INC?
The 990 for the year ended January 31, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does ONE WORLD MARKET INC have?
On its 990 for the year ended January 31, 2025 it reported revenue of $7,528, expenses of $20,757 and total assets of $37,622 at year end.

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