Nonprofit · EIN 31-1512991
CAPITOL MARKET INC
Tax-exempt · CHARLESTON, WV 25301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $966,779 | $958,162 | $8,617 | $2,932,612 | $244,039 | $2,688,573 |
| December 31, 2023 | 990 | $1,053,677 | $910,376 | $143,301 | $2,906,559 | $226,603 | $2,679,956 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $419,190
- of which government grants
- $265,137
- Program service revenue
- $527,114
- Investment income
- $10,240
- Net income from fundraising events
- $4,491
- Other revenue
- $10,235
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $83,663
- Other salaries and wages
- $165,225
- Salaries, compensation and benefits (total)
- $267,054
- Professional fundraising fees
- $0
- Legal fees
- $2,307
- Accounting fees
- $44,951
- Occupancy
- $121,997
- Travel
- $1,840
- Depreciation
- $84,008
- Program services (functional)
- $783,962
- Management and general (functional)
- $147,256
- Fundraising (functional)
- $26,944
Balance sheet and other
- Total assets, start of year
- $2,906,559
- Total assets, end of year
- $2,932,612
- Total liabilities, end of year
- $244,039
- Net assets, end of year
- $2,688,573
- Land, buildings and equipment
- $2,407,611
- Net assets without donor restrictions
- $2,677,623
- Net assets with donor restrictions
- $10,950
- Gross receipts
- $976,298
- Employees
- 7
- Volunteers
- 50
- Year formed
- 1997
- State of legal domicile
- WV
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 |
|---|---|---|---|
| EVAN OSBORN | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $83,663 |
| LAURA ELLIS | DIRECTOR Trustee or director | 0 | $0 |
| TIM CUNNINGHAM | DIRECTOR Trustee or director | 0 | $0 |
| STEVEN KEITH | PRESIDENT Trustee or director, Officer | 1 | $0 |
| GAYLENE MILLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| RAY HARRELL JR | DIRECTOR Trustee or director | 0 | $0 |
| BRANDY ROBERTSON | DIRECTOR Trustee or director | 0 | $0 |
| KELLY HARMON | DIRECTOR Trustee or director | 0 | $0 |
| ELIZABETH CARMICHAEL | DIRECTOR Trustee or director | 0 | $0 |
| ERIN DEEGAN-CONNER | TREASURER Trustee or director, Officer | 1 | $0 |
| FRANKI PARSONS | DIRECTOR Trustee or director | 0 | $0 |
| SUSIE SALISBURY | SECRETARY Trustee or director, Officer | 1 | $0 |
| JANE BOSTIC | DIRECTOR Trustee or director | 0 | $0 |
| JENNA GREEN | DIRECTOR Trustee or director | 0 | $0 |
| TIM BRADY | DIRECTOR Trustee or director | 0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BETH SOUTHERN | DIRECTOR Trustee or director | 0 | $0 |
| CHRISTINA CUNNINGHAM | DIRECTOR Trustee or director | 0 | $0 |
| SCOTT FOX | DIRECTOR Trustee or director | 0 | $0 |
| ANGELICA GILLERAN | DIRECTOR Trustee or director | 0 | $0 |
| SEAN HILL | DIRECTOR Trustee or director | 0 | $0 |
| ALEX MAHAFFEY | DIRECTOR Trustee or director | 0 | $0 |
| BRIAN PARROTT | DIRECTOR Trustee or director | 0 | $0 |
| JACQUELINE STUMP | DIRECTOR Trustee or director | 0 | $0 |
| SHAWN TAYLOR | DIRECTOR Trustee or director | 0 | $0 |
| ROBBIE WELTY | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EVAN OSBORN | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $80,044 |
| CANDACE NELSON | DIRECTOR Trustee or director | 0 | $0 |
| JASON CHIPPS | DIRECTOR Trustee or director | 0 | $0 |
| LAURA ELLIS | DIRECTOR Trustee or director | 0 | $0 |
| TIM CUNNINGHAM | DIRECTOR Trustee or director | 0 | $0 |
| KRISTEN HARRISON | DIRECTOR Trustee or director | 0 | $0 |
| STEVEN KEITH | PRESIDENT Trustee or director, Officer | 1 | $0 |
| GEORGE MANAHAN | DIRECTOR Trustee or director | 0 | $0 |
| GAYLENE MILLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| RAY HARRELL JR | DIRECTOR Trustee or director | 0 | $0 |
| PAUL SMITH | DIRECTOR Trustee or director | 0 | $0 |
| CHELSEA KINZINGER | SECRETARY Trustee or director, Officer | 1 | $0 |
| EMILIE LOVE | ASSISTANT TREASURER Trustee or director, Officer | 1 | $0 |
| BRANDY ROBERTSON | DIRECTOR Trustee or director | 0 | $0 |
| KELLY HARMON | DIRECTOR Trustee or director | 0 | $0 |
| ELIZABETH CARMICHAEL | DIRECTOR Trustee or director | 0 | $0 |
| GABRIEL KING | DIRECTOR Trustee or director | 0 | $0 |
| ERIN DEEGAN-CONNER | DIRECTOR Trustee or director | 0 | $0 |
| FRANKI PARSONS | DIRECTOR Trustee or director | 0 | $0 |
| SUSIE SALISBURY | TREASURER Trustee or director, Officer | 1 | $0 |
| JANE BOSTIC | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 800 SMITH ST STE 800, CHARLESTON, WV 25301-1287
- In care of
- % THOMAS E POTTER PRES
- Principal officer (990 for 2024)
- CANDACE NELSON, 800 SMITH STREET, CHARLESTON, WV 25301
- Signed the 990
- CANDACE NELSON, INTERIM EXECUTIVE DIRECTOR
- Phone
- (304) 344-1905
- Website
- WWW.CAPITOLMARKET.NET
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
CAPITOL MARKET IS A 501(C)(3) NONPROFIT THAT SERVES AS A RETAIL, COMMUNITY, AND ECONOMIC HUB FOR THE KANAWHA VALLEY AND BEYOND. HOUSED IN A TURN-OF-THE-CENTURY RAIL DEPOT, CAPITOL MARKET IS TASKED WITH SUPPORTING SMALL BUSINESSES AND WEST VIRGINIA FARMERS THROUGH PROVIDING A UNIQUE RETAIL AND TOURIST DESTINATION IN THE HEART OF DOWNTOWN CHARLESTON.
Program accomplishments
- OPERATION OF OUTDOOR FARMERS' MARKET AND INDOOR SPECIALTY SHOPS FOR THE BENEFIT OF WEST VIRGINIA FARMERS, GROWERS, AND MERCHANTS, AS WELL AS THE COMMUNITY.Expenses $783,962 · revenue $532,858
- OPERATION OF A FARMERS' MARKET, THE TENANTS OF WHICH ARE WEST VIRGINIA AGRICULTURAL PRODUCERS AND VENDORS.
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
- 31-1512991
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $2,932,612
- Income (IRS master file)
- $976,298
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $966,779 | $958,162 | $2,932,612 | IRS |
| 990 | December 2023 | $1,053,677 | $910,376 | $2,906,559 | XML |
| 990 | December 2022 | $738,327 | $718,858 | $2,752,144 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 31-1512991).
Questions about CAPITOL MARKET INC
- What is the EIN of CAPITOL MARKET INC?
- The employer identification number (EIN) of CAPITOL MARKET INC is 31-1512991.
- Is CAPITOL MARKET INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to CAPITOL MARKET INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPITOL 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 CAPITOL MARKET 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 CAPITOL MARKET 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 CAPITOL MARKET INC?
- The 990 for the year ended December 31, 2024 names CANDACE NELSON.
- Who are the officers and directors of CAPITOL MARKET INC?
- The 990 for the year ended December 31, 2024 lists 25 people; 1 received compensation from the organization, the highest $83,663 (EVAN OSBORN, EXECUTIVE DIRECTOR).
- How much revenue does CAPITOL MARKET INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $966,779, expenses of $958,162 and total assets of $2,932,612 at year end.
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