Nonprofit · EIN 23-2754641
READING TERMINAL MARKET CORPORATION
Tax-exempt · PHILADELPHIA, PA 19107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,920,803 | $7,200,770 | -$279,967 | $11,464,332 | $6,166,576 | $5,297,756 |
| June 30, 2024 | 990 | $6,821,558 | $6,582,773 | $238,785 | $12,835,044 | $7,257,321 | $5,577,723 |
| June 30, 2023 | 990 | $6,497,861 | $6,247,225 | $250,636 | $10,696,044 | $5,357,106 | $5,338,938 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $550,976
- Program service revenue
- $6,207,751
- Investment income
- $35,832
- Net income from fundraising events
- $126,244
- Other revenue
- $126,244
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $253,105
- Other salaries and wages
- $953,041
- Salaries, compensation and benefits (total)
- $1,431,245
- Professional fundraising fees
- $0
- Legal fees
- $68,400
- Accounting fees
- $56,288
- Occupancy
- $3,249,360
- Travel
- $23,377
- Depreciation
- $1,004,472
- Program services (functional)
- $6,495,929
- Management and general (functional)
- $426,155
- Fundraising (functional)
- $278,686
Balance sheet and other
- Total assets, start of year
- $12,835,044
- Total assets, end of year
- $11,464,332
- Total liabilities, end of year
- $6,166,576
- Net assets, end of year
- $5,297,756
- Land, buildings and equipment
- $8,029,100
- Net assets without donor restrictions
- $5,172,756
- Net assets with donor restrictions
- $125,000
- Gross receipts
- $7,168,804
- Employees
- 54
- Volunteers
- 19
- Year formed
- 1995
- State of legal domicile
- PA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HELEN A ALLMAN | GENERAL MANAGER & CEO Officer | 50 | $216,175 | $36,930 |
| MIGUEL SERVELLON | ASSISTANT GENERAL MANAGER Highest-paid employee | 40 | $111,077 | $28,232 |
| BRENT A COSSROW | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| EUGENE LEFEVRE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KERI WHITE | SECRETARY (TILL 07/2024), VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JENNIFER RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANUJ GUPTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNE KELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN J MCNICHOL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK SQUILLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAWN SUMMERVILLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HELEN A ALLMAN | GENERAL MANAGER Highest-paid employee | 50 | $208,485 | $32,241 |
| MIGUEL SERVELLON | ASSISTANT GENERAL MANAGER Highest-paid employee | 40 | $108,580 | $21,508 |
| BRENT A COSSROW | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| EUGENE LEFEVRE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANUJ GUPTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNE KELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN J MCNICHOL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK SQUILLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAWN SUMMERVILLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KERI WHITE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JENNIFER RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HELEN A ALLMAN | GENERAL MANAGER Highest-paid employee | 40 | $175,009 | $19,138 |
| THOMAS MOSLOVICH | CONTROLLER Highest-paid employee | 40 | $123,229 | $19,608 |
| AL MEZZAROBA | CHAIRMAN-UNTIL 12/22 Trustee or director, Officer | 1 | $0 | $0 |
| BRENT A COSSROW | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| EUGENE LEFEVRE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANUJ GUPTA | DIRECTOR - AS OF 04/2023 Trustee or director | 1 | $0 | $0 |
| ANNE KELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN J MCNICHOL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK SQUILLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAWN SUMMERVILLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KERI WHITE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1136 ARCH ST UNIT 400, PHILADELPHIA, PA 19107-2918
- Principal officer (990 for 2024)
- EUGENE LEFEVRE, 12TH AND ARCH STREETS, PHILADELPHIA, PA 19107
- Signed the 990
- EUGENE LEFEVRE, TREASURER
- Phone
- (215) 922-2317
- Return prepared by
- CBIZ ADVISORS LLC
Mission
TO PRESERVE THE ARCHITECTURAL AND HISTORICAL CHARACTER, AND FUNCTION, OF THE READING TERMINAL MARKET AS AN URBAN FARMERS' MARKET. TO PROVIDE A WIDE VARIETY OF PRODUCE, MEAT, FISH, BAKERY AND DAIRY PRODUCTS, AND OTHER RAW AND PREPARED FOOD, BROUGHT TO A PUBLIC MARKET.
Program accomplishments
- THE ORGANIZATION WAS CREATED EXCLUSIVELY TO PRESERVE AND MAINTAIN THE HISTORIC CHARACTER AND OVERSEE THE OPERATIONS OF THE READING TERMINAL MARKET.Expenses $6,495,929 · revenue $6,207,751
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2754641
- 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
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30Z)
- Assets (IRS master file)
- $11,464,332
- Income (IRS master file)
- $7,168,804
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,920,803 | $7,200,770 | $11,464,332 | XML |
| 990 | June 2024 | $6,821,558 | $6,582,773 | $12,835,044 | XML |
| 990 | June 2023 | $6,497,861 | $6,247,225 | $10,696,044 | XML |
| 990 | June 2022 | $5,282,473 | $5,195,033 | $10,552,612 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 23-2754641).
Questions about READING TERMINAL MARKET CORPORATION
- What is the EIN of READING TERMINAL MARKET CORPORATION?
- The employer identification number (EIN) of READING TERMINAL MARKET CORPORATION is 23-2754641.
- Is READING TERMINAL MARKET CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to READING TERMINAL MARKET CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does READING TERMINAL MARKET CORPORATION 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 READING TERMINAL MARKET CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did READING TERMINAL MARKET CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of READING TERMINAL MARKET CORPORATION?
- The 990 for the year ended June 30, 2025 names EUGENE LEFEVRE.
- Who are the officers and directors of READING TERMINAL MARKET CORPORATION?
- The 990 for the year ended June 30, 2025 lists 11 people; 2 received compensation from the organization, the highest $216,175 (HELEN A ALLMAN, GENERAL MANAGER & CEO).
- How much revenue does READING TERMINAL MARKET CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,920,803, expenses of $7,200,770 and total assets of $11,464,332 at year end.
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