Nonprofit · EIN 58-2140995
EAGLE MARKET STREETS DEVELOPMENT
Also known as EMSDC
Tax-exempt · ASHEVILLE, NC 28801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,631,210 | $2,598,277 | $32,933 | $4,507,257 | $2,312,077 | $2,195,180 |
| December 31, 2023 | 990 | $2,171,926 | $2,623,300 | -$451,374 | $4,372,082 | $2,209,835 | $2,162,247 |
| December 31, 2021 | 990 (amended) | $3,190,331 | $1,577,204 | $1,613,127 | $4,740,112 | $2,270,963 | $2,469,149 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,459,117
- of which government grants
- $393,475
- Membership dues
- $35,514
- Program service revenue
- $135,823
- Investment income
- $14,660
- Net rental income
- $22,945
- Net income from sales of inventory
- -$1,335
- Other revenue
- $21,610
Expenses
- Grants and similar amounts paid
- $559,774
- Compensation of officers, directors and key employees
- $40,608
- Other salaries and wages
- $231,872
- Salaries, compensation and benefits (total)
- $291,196
- Professional fundraising fees
- $0
- Legal fees
- $3,435
- Accounting fees
- $4,478
- Occupancy
- $29,700
- Travel
- $10,362
- Depreciation
- $55,820
- Program services (functional)
- $2,288,470
- Management and general (functional)
- $309,807
Balance sheet and other
- Total assets, start of year
- $4,372,082
- Total assets, end of year
- $4,507,257
- Total liabilities, end of year
- $2,312,077
- Net assets, end of year
- $2,195,180
- Land, buildings and equipment
- $2,051,550
- Publicly traded securities
- $745,054
- Net assets without donor restrictions
- $1,327,515
- Net assets with donor restrictions
- $867,665
- Gross receipts
- $2,632,683
- Employees
- 11
- Volunteers
- 7
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 |
|---|---|---|---|
| STEPHANIE S TWITTY | PRESIDENT CE Officer | 40 | $40,608 |
| MATTHEW BACOATE | BOARD ADVISO Trustee or director | 0 | $0 |
| MARVIN CHAMBERS | CHAIR Trustee or director, Officer | 0 | $0 |
| ROSIE HARRELL | DIRECTOR Trustee or director | 0 | $0 |
| QUENTIN MILLER | ADVISORY MEM Trustee or director | 0 | $0 |
| CAROLINA SILICEO PEREZ | DIRECTOR Trustee or director | 0 | $0 |
| ELIZABETH RUSSELL | TREASURER Trustee or director, Officer | 5 | $0 |
| LAJUNE WATERFORD | SECRETARY Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHANIE SWEPSON TWITTY | PRESIDENT CEO Officer | 35 | $40,608 |
| ROSIE HARRELL | BOARD MEMBER Trustee or director | 0 | $0 |
| CAROLINA SILICEO PEREZ | BOARD MEMBER Trustee or director | 0 | $0 |
| ELIZABETH RUSSELL | TREASURER Trustee or director | 0 | $0 |
| MARVIN CHAMBER | CHAIR Trustee or director | 0 | $0 |
| LAJUNE WATERFORD | SECRETARY Trustee or director | 0 | $0 |
990 for the year ended December 31, 2021: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHANIE S TWITTY | PRESIDENT CE Officer | 35 | $42,387 |
| MARVIN CHAMBERS | CHAIR Trustee or director, Officer | 0.4 | $0 |
| LAJUNE WATERFORD | SECRETARY Trustee or director, Officer | 0.4 | $0 |
| ELIZABETH RUSSELL | TREASURER Trustee or director, Officer | 0.4 | $0 |
| MICKEY RAY | BOARD MEMBER Trustee or director | 0.4 | $0 |
Address and contacts
- Address (IRS master file)
- 38 S MARKET ST, ASHEVILLE, NC 28801-0000
- Principal officer (990 for 2024)
- MARVIN CHAMBERS, 70 S MARKET ST, ASHEVILLE, NC 28801
- Signed the 990
- STEPHANIE S TWITTY, PRESIDENT CEO
- Phone
- (828) 281-1227
- Website
- WWW.EAGLEMARKETSTREETS.ORG
- Return prepared by
- GOULD KILLIAN CPA GROUP PA
Mission
TO DEVELOP PEOPLE, PROPERTY, AND BUSINESSES, AND ENVISION EQUITABLE, SOCIO-ECONOMIC JUSTICE FOR ALL.
Program accomplishments
- ALL PROGRAMS RELATE TO COMMUNITY AND PROPERTY DEVELOPMENT,ECONOMIC BUSINESS, AND WORKFORCE DEVELOPMENT, WHERE COMMUNITIES OF COLOR AND UNDERSERVED POPULATIONS ARE ELEVATED FROM POVERTY BY MEANS OF EDUCATION AND SOCIAL ENTREPRENEURSHIP.Expenses $2,288,470 · grants $559,774
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
- 58-2140995
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A50Z)
- Assets (IRS master file)
- $4,507,257
- Income (IRS master file)
- $2,632,683
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,631,210 | $2,598,277 | $4,507,257 | IRS |
| 990 | December 2023 | $2,171,926 | $2,623,300 | $4,372,082 | XML |
| 990 | December 2022 | $3,101,437 | $2,545,293 | $4,860,691 | IRS |
| 990 | December 2021 | $3,190,331 | $1,577,204 | $4,740,112 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | 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 58-2140995).
Questions about EAGLE MARKET STREETS DEVELOPMENT
- What is the EIN of EAGLE MARKET STREETS DEVELOPMENT?
- The employer identification number (EIN) of EAGLE MARKET STREETS DEVELOPMENT is 58-2140995.
- Is EAGLE MARKET STREETS DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to EAGLE MARKET STREETS DEVELOPMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EAGLE MARKET STREETS DEVELOPMENT 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 EAGLE MARKET STREETS DEVELOPMENT 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 EAGLE MARKET STREETS DEVELOPMENT 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 EAGLE MARKET STREETS DEVELOPMENT?
- The 990 for the year ended December 31, 2024 names MARVIN CHAMBERS.
- Who are the officers and directors of EAGLE MARKET STREETS DEVELOPMENT?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $40,608 (STEPHANIE S TWITTY, PRESIDENT CE).
- How much revenue does EAGLE MARKET STREETS DEVELOPMENT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,631,210, expenses of $2,598,277 and total assets of $4,507,257 at year end.
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