Nonprofit · EIN 27-2763795
MARKET BUILDING FOUNDATION INC
Tax-exempt (reinstated) · ROANOKE, VA 24002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $264,417 | $542,624 | -$278,207 | $6,603,664 | $72,144 | $6,531,520 |
| December 31, 2023 | 990 | $285,014 | $545,106 | -$260,092 | $6,880,818 | $71,091 | $6,809,727 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $300,000
- of which government grants
- $300,000
- Program service revenue
- $0
- Investment income
- $9,565
- Net rental income
- -$45,148
- Other revenue
- -$45,148
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $98,081
- Other salaries and wages
- $52,633
- Salaries, compensation and benefits (total)
- $163,825
- Professional fundraising fees
- $0
- Accounting fees
- $26,147
- Depreciation
- $248,416
- Program services (functional)
- $480,893
- Management and general (functional)
- $61,731
Balance sheet and other
- Total assets, start of year
- $6,880,818
- Total assets, end of year
- $6,603,664
- Total liabilities, end of year
- $72,144
- Net assets, end of year
- $6,531,520
- Land, buildings and equipment
- $6,123,937
- Net assets without donor restrictions
- $6,531,520
- Gross receipts
- $779,120
- Employees
- 2
- Year formed
- 2010
- State of legal domicile
- VA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELLIOT BROYLES | EXECUTIVE DI Officer | 40 | $98,081 |
| JOSEPHINE ARBAUGH | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| CATHERINE FOX | DIRECTOR Trustee or director | 1 | $0 |
| PRICE GUTSHALL | SECRETARY Trustee or director, Officer | 1 | $0 |
| LOIS JAMES | CHAIR Trustee or director, Officer | 1 | $0 |
| BRIAN MANN | BOARD MEMBER Trustee or director | 1 | $0 |
| MELISSA MAYS | TREASURER Trustee or director, Officer | 1 | $0 |
| ERIC SICHAU | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELLIOT BROYLES | EXECUTIVE DI Officer | 40 | $92,221 |
| JOSEPHINE ARBAUGH | CHAIR Trustee or director, Officer | 1 | $0 |
| H LAWRENCE DAVIDSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| PRICE GUTSHALL | PAST CHAIR Trustee or director, Officer | 1 | $0 |
| LOIS JAMES | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| BRIAN MANN | BOARD MEMBER Trustee or director | 1 | $0 |
| MELISSA MAYS | TREASURER Trustee or director, Officer | 1 | $0 |
| TONY PEARMAN | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2, ROANOKE, VA 24002-0002
- In care of
- % JOHN C HASH II CPA
- Mailing address (990-N for 2010)
- 204 South Jefferson Street, Roanoke VA 24011
- Principal officer (990 for 2024)
- ELLIOT BROYLES
- Principal officer (990-N for 2010)
- Douglas C Waters, 204 south Jefferson Street, Roanoke VA 24011
- Signed the 990
- ELLIOT BROYLES, EXECUTIVE DIRECTOR
- Phone
- (540) 853-6486
- Return prepared by
- ANDERSON & REED LLP
Mission
TO PRESERVE THE HISTORIC AND ARCHITECTURAL CHARACTER OF THE COMMUNITY THROUGH THE REHABILITATION, MAINTENANCE, AND MANAGEMENT OF THE ROANOKE CITY MARKET BUILDING, A HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT PROPERTY CRITICAL TO ECONOMIC DEVELOPMENT AND STABILITY OF THE HISTORIC DOWNTOWN MARKET AREA IN THE CITY OF ROANOKE, VIRGINIA.
Program accomplishments
- RENTAL OF RETAIL, RESTAURANT, EVENT AND MEETING SPACES.Expenses $480,893
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-2763795
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $6,603,664
- Income (IRS master file)
- $779,120
Revocation and reinstatement
- Exemption revoked
- May 15, 2017
- Posted by the IRS
- March 12, 2018
- Reinstated
- Effective May 15, 2017
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $264,417 | $542,624 | $6,603,664 | IRS |
| 990 | December 2023 | $285,014 | $545,106 | $6,880,818 | XML |
| 990 | December 2022 | $300,583 | $504,226 | $7,128,715 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2010 Officer: Douglas C Waters | December 31, 2010 | ≤ $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 27-2763795).
Questions about MARKET BUILDING FOUNDATION INC
- What is the EIN of MARKET BUILDING FOUNDATION INC?
- The employer identification number (EIN) of MARKET BUILDING FOUNDATION INC is 27-2763795.
- Is MARKET BUILDING FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2017 and reinstated it effective May 15, 2017.
- Are donations to MARKET BUILDING FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MARKET BUILDING FOUNDATION 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 MARKET BUILDING FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARKET BUILDING FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MARKET BUILDING FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names ELLIOT BROYLES.
- Who are the officers and directors of MARKET BUILDING FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $98,081 (ELLIOT BROYLES, EXECUTIVE DI).
- How much revenue does MARKET BUILDING FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $264,417, expenses of $542,624 and total assets of $6,603,664 at year end.
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