Nonprofit · EIN 81-5377245
MERCADO ON 5TH INC
Tax-exempt · MOLINE, IL 61265
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $628,753 | $683,813 | -$55,060 | $1,164,092 | $0 | $1,164,092 |
| December 31, 2023 | 990 | $1,568,043 | $550,713 | $1,017,330 | $1,219,152 | $0 | $1,219,152 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $287,767
- of which government grants
- $30,000
- Program service revenue
- $201,964
- Investment income
- $5,031
- Net rental income
- $7,191
- Net income from sales of inventory
- $126,800
- Other revenue
- $133,991
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $214,283
- Salaries, compensation and benefits (total)
- $230,598
- Professional fundraising fees
- $0
- Occupancy
- $76,375
- Depreciation
- $27,932
- Program services (functional)
- $601,644
- Management and general (functional)
- $73,481
- Fundraising (functional)
- $8,688
Balance sheet and other
- Total assets, start of year
- $1,219,152
- Total assets, end of year
- $1,164,092
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,164,092
- Land, buildings and equipment
- $1,001,940
- Gross receipts
- $688,499
- Employees
- 23
- Volunteers
- 50
- Year formed
- 2017
- State of legal domicile
- IL
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 |
|---|---|---|---|
| CHRIS ONTIVEROS | TREASURER Trustee or director, Officer | 5 | $0 |
| JAYNE O'BRIEN | BOARD CHAIR Trustee or director, Officer | 5 | $0 |
| ROSALVA PORTILLO | BOARD VICE CHAIR Trustee or director, Officer | 2 | $0 |
| CARLOS GOMEZ | BOARD MEMBER Trustee or director | 2 | $0 |
| JUANITA ZERTUCHE | BOARD MEMBER Trustee or director | 2 | $0 |
| GEOFF MANIS | BOARD MEMBER Trustee or director | 2 | $0 |
| JERRY JONES | BOARD MEMBER Trustee or director | 2 | $0 |
| LINDSEY HINES | BOARD MEMBER Trustee or director | 2 | $0 |
| MARIA ONTIVEROS | BOARD MEMBER Trustee or director | 2 | $0 |
| ALISHA ESPEY | BOARD MEMBER Trustee or director | 2 | $0 |
| MARIA CONTRERAS HUERTA | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS ONTIVEROS | TREASURER Trustee or director, Officer | 5 | $0 |
| JAYNE O'BRIEN | BOARD PRESIDENT Trustee or director, Officer | 5 | $0 |
| ROSALVA PORTILLO | BOARD VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| CARLOS GOMEZ | BOARD MEMBER Trustee or director | 2 | $0 |
| JUANITA ZERTUCHE | BOARD MEMBER Trustee or director | 2 | $0 |
| GEOFF MANIS | BOARD MEMBER Trustee or director | 2 | $0 |
| JERRY JONES | BOARD MEMBER Trustee or director | 2 | $0 |
| LINDSAY HINES | BOARD MEMBER Trustee or director | 2 | $0 |
| MARIA ONTIVEROS | BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2212 37TH ST, MOLINE, IL 61265-4439
- Principal officer (990 for 2024)
- CHRISTOPHER ONTIVEROS, 2212 37TH ST, MOLINE, IL 61265
- Signed the 990
- CHRISTOPHER ONTIVEROS, TREASURER
- Phone
- (563) 332-7367
- Website
- WWW.MERCADOONFIFTH.COM
- Return prepared by
- HONKAMP PC
Mission
THE MISSION OF MERCADO ON 5TH INC. IS TO PROVIDE A MULTI-CULTURAL MARKET FOR ENTREPRENEURS IN A DIVERSE WELCOMING ATMOSPHERE, TO BRING TOGETHER MINORITIES IN THE COMMUNITY AND ALLOW SMALL BUSINESSES THE OPPORTUNITY TO PROMOTE AND GROW THEIR BUSINESSES, AND TO PROMOTE A PRIMARILY MINORITY NEIGHBORHOOD.
Program accomplishments
- MERCADO ON 5TH CREATES AND SPONSORS MARKETS THROUGHOUT THE YEAR TO IMPACT AND IMPROVE THE LIVES OF HUNDREDS OF FAMILIES IN THE PREDOMINATELY HISPANIC FLORECIENTE NEIGHBORHOOD OF MOLINE ILLINOIS. OUR SMALL BUSINESS INITIATIVES HELP ESTABLISH AND LICENSE VENDORS TO ACHIEVE EITHER THEIR STATE OF ILLINOIS FOOD CERTIFICATION OR THEIR CITY OF MOLINE LICENSING. PROVIDING A PLACE FOR THE COMMUNITY TO COME TOGETHER WITH SMALL BUSINESSES FOR SHOPPING, MUSIC, FOOD, AND CULTURE. SCHOLARSHIPS AND GRANTS WERE ALSO AWARDED TO SMALL BUSINESSES FOR STARTUP MICRO-BUSINESS LOANS WITH A PARTNERSHIP OF THE USBDA UNITED STATES SMALL BUSINESS DEVELOPMENT AGENCY AND WESTERN ILLINOIS UNIVERSITY.Expenses $601,644 · revenue $335,955
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
- 81-5377245
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $1,164,092
- Income (IRS master file)
- $688,499
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $628,753 | $683,813 | $1,164,092 | XML |
| 990 | December 2023 | $1,568,043 | $550,713 | $1,219,152 | XML |
| 990 | December 2022 | $628,324 | $739,426 | $201,822 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 81-5377245).
Questions about MERCADO ON 5TH INC
- What is the EIN of MERCADO ON 5TH INC?
- The employer identification number (EIN) of MERCADO ON 5TH INC is 81-5377245.
- Is MERCADO ON 5TH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to MERCADO ON 5TH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MERCADO ON 5TH 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 MERCADO ON 5TH 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 MERCADO ON 5TH 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 MERCADO ON 5TH INC?
- The 990 for the year ended December 31, 2024 names CHRISTOPHER ONTIVEROS.
- Who are the officers and directors of MERCADO ON 5TH INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does MERCADO ON 5TH INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $628,753, expenses of $683,813 and total assets of $1,164,092 at year end.
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All nonprofits in MOLINE · Illinois · Community improvement and capacity building