Nonprofit · EIN 22-3783442
ONE WORLD MARKET INC
Tax-exempt · ITHACA, NY 14850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| January 31, 2025 | 990 | $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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Fracchia | Pres & Co-Treasurer Trustee or director, Officer | 6 | $0 |
| David Blanton | VP & Co-Treasurer Trustee or director, Officer | 4 | $0 |
| Barb Raab | Board Member Trustee or director | 2 | $0 |
| Jess Shapiro | Board Member Trustee or director | 2 | $0 |
| Leigh Schaff | Board 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.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | January 31, 2026 | June 15, 2026 | Not on file |
| 2024 | January 31, 2025 | June 16, 2025 | 990 on file |
| 2023 | January 31, 2024 | June 17, 2024 | 990 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
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | January 2025 | – | – | – | IRS |
| 990 | January 2024 | $86,766 | $119,143 | $52,940 | IRS |
| 990 | January 2023 | $85,350 | $157,036 | $88,910 | IRS |
| 990 | January 2022 | – | – | – | IRS |
| 990 | January 2021 | – | – | – | IRS |
| 990 | January 2020 | – | – | – | IRS |
| 990 | January 2019 | – | – | – | IRS |
| 990 | January 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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