Nonprofit · EIN 82-4395257
NEIGHBORHOOD MARKETS INCORPORATED
Tax-exempt · GREENSBORO, NC 27403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $324,373 | $203,844 | $120,529 | $249,654 | -$335 | $249,989 |
| December 31, 2024 | 990-EZ | $179,452 | $153,258 | $26,194 | $92,090 | $7,608 | $84,482 |
| December 31, 2023 | 990-EZ | $154,844 | $158,664 | -$3,820 | $67,284 | $0 | $67,284 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $215,039
- of which government grants
- $10,000
- Program service revenue
- $109,230
- Investment income
- $104
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $36,700
- Other salaries and wages
- $12,150
- Salaries, compensation and benefits (total)
- $53,129
- Professional fundraising fees
- $0
- Accounting fees
- $1,420
- Program services (functional)
- $203,844
Balance sheet and other
- Total assets, start of year
- $124,786
- Total assets, end of year
- $249,654
- Total liabilities, end of year
- -$335
- Net assets, end of year
- $249,989
- Publicly traded securities
- $118,277
- Net assets without donor restrictions
- $249,989
- Gross receipts
- $324,373
- Employees
- 3
- Volunteers
- 8
- Year formed
- 2018
- State of legal domicile
- NC
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kathy Newsom | Market Manager & Board Member Trustee or director, Officer | 30 | $36,700 |
| Dr Stephen Brian Johnson | Board Member Trustee or director, Officer | 10 | $0 |
| Shante Woody | Market manager and Board Member Trustee or director | 1 | $0 |
| Elizabeth Seymour | Board Member Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kathy Newsom | Market Manager & Board Member | 35 | $29,400 |
| Shante Woody | Market manager and Board Member | 15 | $14,400 |
| Dr Stephen Brian Johnson | Board Member | 5 | $0 |
| Elizabeth Seymour | Board Member | 2 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kathy Newsom | Market Manager & Board Member | 35 | $29,400 |
| Shante Woody | Market manager and Board Member | 15 | $19,200 |
| Dr Stephen Brian Johnson | Board Member | 8 | $0 |
| Elizabeth Seymour | Board Member | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 712 S ELAM AVE, GREENSBORO, NC 27403-2141
- In care of
- % STEPHEN B JOHNSON
- Mailing address (990-N for 2019)
- 712 South Elam Avenue, Greensboro NC 27403
- Principal officer (990 for 2025)
- Stephen Johnson, 712 South Elam Avenue, Greensboro, NC 27403
- Principal officer (990-N for 2019)
- Stephen Johnson, 712 South Elam Avenue, Greensboro NC 27403
- Signed the 990
- Stephen Johnson, Treasurer
- Phone
- (336) 543-4144
- Website
- www.cornermarketgso.com
Mission
Contribute to the economic viability of small farms, local growers, and local cottage industries creating long term opportunities for them to retail their products at a fair return; Provide consumers with a choice of fresh, quality produce and other agricultural goods in settings that allow them to interact with the people who grow the food they eat and make the products, and to thereby foster stronger connections between growers, producers and consumers; Help create a sense of community in the neighborhoods where the markets are held; Help preserve rural communities and farmland by fostering sustainable small-scale agriculture; Help create a demand for urban farming products and produce; Help support the development of economically sustainable families and communities; and Serve as a practical and accessible medium for mobilization around nutrition, economic and environmental sustainability, healthy communities, and agricultural, small businesses.
Program accomplishments
- Developed the SNAP/EBT Program (Green for Greens) which doubles the weekly food budget for recipients of SNAP to use for food purchases with vendors at the market. The market doubled the food budget of 1000+ families and helped support 60+ local growers and food producers.Expenses $132,611 · revenue $171,943
- Provided markets in two neighborhoods in Greensboro NC, and maintained operation to enable local families to access regionally grown foods, and supported the operations of family farms and businesses that could not obtain access to other sales venues.Expenses $71,233 · revenue $165,197
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-4395257
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $249,654
- Income (IRS master file)
- $324,373
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $324,373 | $203,844 | $249,654 | XML |
| 990-EZ | December 2024 | $179,452 | $153,258 | $92,090 | IRS |
| 990-EZ | December 2023 | $154,844 | $158,664 | $67,284 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Stephen Johnson | December 31, 2019 | ≤ $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 82-4395257).
Questions about NEIGHBORHOOD MARKETS INCORPORATED
- What is the EIN of NEIGHBORHOOD MARKETS INCORPORATED?
- The employer identification number (EIN) of NEIGHBORHOOD MARKETS INCORPORATED is 82-4395257.
- Is NEIGHBORHOOD MARKETS INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to NEIGHBORHOOD MARKETS INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEIGHBORHOOD MARKETS INCORPORATED 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 NEIGHBORHOOD MARKETS INCORPORATED due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEIGHBORHOOD MARKETS INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NEIGHBORHOOD MARKETS INCORPORATED?
- The 990 for the year ended December 31, 2025 names Stephen Johnson.
- Who are the officers and directors of NEIGHBORHOOD MARKETS INCORPORATED?
- The 990 for the year ended December 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $36,700 (Kathy Newsom, Market Manager & Board Member).
- How much revenue does NEIGHBORHOOD MARKETS INCORPORATED have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $324,373, expenses of $203,844 and total assets of $249,654 at year end.
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