Civic Intelligence

Boston Public Market Association Inc

EIN 04-3556884 • 501(c)3 • Boston, MA

Profile

Our mission is to continue to develop and operate a permanent year-round market in boston and to support the farmers, fishers, and entrepreneurs who grow, catch, and produce local food, and to nourish our community with food and experiences.

PO Box 130457Boston, MA 02113

bostonpublicmarket.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.15x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.44x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

16th percentile

-14%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

81st percentile

$236,914

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

18th percentile

-6.0%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

17%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$9,205,080

Down $590,146 (-6.0%) from 2023

Liabilities

Down

$1,409,224

Down $133,489 (-8.7%) from 2023

Net Assets

Down

$7,795,856

Down $456,657 (-5.5%) from 2023

Revenue

Up

$3,192,242

Up $458,674 (+17%) from 2023

Expenses

Up

$3,648,899

Up $253,649 (+7.5%) from 2023

Net Income

Up

-$456,657

Up $205,025 (+31%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2011: $21,355Liabilities 2011: $02011Assets 2012: $240,339Liabilities 2012: $3,636Net Assets 2012: $236,7032012Assets 2013: $2,651,374Liabilities 2013: $22,143Net Assets 2013: $2,629,2312013Assets 2014: $9,646,780Liabilities 2014: $1,037,918Net Assets 2014: $8,608,8622014Assets 2015: $16,204,666Liabilities 2015: $2,306,370Net Assets 2015: $13,898,2962015Assets 2016: $14,426,525Liabilities 2016: $1,305,165Net Assets 2016: $13,121,3602016Assets 2017: $13,085,302Liabilities 2017: $1,238,213Net Assets 2017: $11,847,0892017Assets 2018: $12,249,864Liabilities 2018: $1,387,720Net Assets 2018: $10,862,1442018Assets 2019: $11,641,754Liabilities 2019: $1,611,007Net Assets 2019: $10,030,7472019Assets 2020: $11,449,580Liabilities 2020: $1,797,796Net Assets 2020: $9,651,7842020Assets 2021: $10,519,355Liabilities 2021: $1,474,671Net Assets 2021: $9,044,6842021Assets 2022: $10,512,049Liabilities 2022: $1,597,854Net Assets 2022: $8,914,1952022Assets 2023: $9,795,226Liabilities 2023: $1,542,713Net Assets 2023: $8,252,5132023Assets 2024: $9,205,080Liabilities 2024: $1,409,224Net Assets 2024: $7,795,8562024

Highlighted filing

2024

Assets$9,205,080
Liabilities$1,409,224
Net Assets$7,795,856

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $109,237Expenses 2011: $135,202Net Income 2011: -$25,9652011Expenses 2012: $248,0372012Revenue 2013: $2,714,905Expenses 2013: $318,770Net Income 2013: $2,396,1352013Revenue 2014: $6,495,939Expenses 2014: $516,308Net Income 2014: $5,979,6312014Revenue 2015: $6,600,758Expenses 2015: $1,311,324Net Income 2015: $5,289,4342015Revenue 2016: $1,464,407Expenses 2016: $2,241,343Net Income 2016: -$776,9362016Revenue 2017: $1,587,583Expenses 2017: $2,696,214Net Income 2017: -$1,108,6312017Revenue 2018: $1,720,268Expenses 2018: $2,705,213Net Income 2018: -$984,9452018Revenue 2019: $1,728,994Expenses 2019: $2,560,391Net Income 2019: -$831,3972019Revenue 2020: $1,886,168Expenses 2020: $2,259,302Net Income 2020: -$373,1342020Revenue 2021: $1,304,589Expenses 2021: $2,138,442Net Income 2021: -$833,8532021Revenue 2022: $2,523,196Expenses 2022: $2,653,685Net Income 2022: -$130,4892022Revenue 2023: $2,733,568Expenses 2023: $3,395,250Net Income 2023: -$661,6822023Revenue 2024: $3,192,242Expenses 2024: $3,648,899Net Income 2024: -$456,6572024

Highlighted filing

2024

Revenue$3,192,242
Expenses$3,648,899
Net Income-$456,657

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.21$1.41$7.80$3.19$3.65$0.46
2023Detailed filing. Detailed filing data is available for this year.$9.80$1.54$8.25$2.73$3.40$0.66
2022Detailed filing. Detailed filing data is available for this year.$10.5$1.60$8.91$2.52$2.65$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$1.47$9.04$1.30$2.14$0.83
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$1.80$9.65$1.89$2.26$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$1.61$10.0$1.73$2.56$0.83
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$1.39$10.9$1.72$2.71$0.98
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.1$1.24$11.8$1.59$2.70$1.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.4$1.31$13.1$1.46$2.24$0.78
2015Detailed filing. Detailed filing data is available for this year.$16.2$2.31$13.9$6.60$1.31$5.29
2014Detailed filing. Detailed filing data is available for this year.$9.65$1.04$8.61$6.50$0.52$5.98
2013Detailed filing. Detailed filing data is available for this year.$2.65$0.02$2.63$2.71$0.32$2.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.00$0.24$0.25
2011Summary only. Only limited summary data is available for this year.$0.02$0.00$0.11$0.14$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 10, 2025
Return Version
2024v5.2
Gross Receipts
$3,239,950
Mission and Program Overview

Mission

Our mission is to develop and operate a permanent year-round food market in boston that provides fresh, healthy food to consumers of all income levels and nourishes our community. It will educate the public about food sources, nutrition and preparation.

See schedule o.our mission is to continue to develop and operate a permanent year-round market in boston and to support the farmers, fishers, and entrepreneurs who grow, catch, and produce local food, and to nourish our community with food and experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,652,809$8,106,582▼ $546,227
Savings and Temporary Cash Investments$268,430$406,534▲ $138,104
Cash and Non-Interest-Bearing Accounts$501,732$331,670▼ $170,062
Accounts Receivable$86,374$90,947▲ $4,573
Pledges and Grants Receivable-$32,913-
Prepaid Expenses and Deferred Charges$10,910$16,971▲ $6,061
Inventories for Sale or Use$7,953$5,911▼ $2,042
Total Assets$9,795,226$9,205,080▼ $590,146
Other Assets Total$267,018$213,552▼ $53,466
Liabilities
Deferred Revenue$488,069$493,376▲ $5,307
Mortgage Notes Payable Secured by Investment Property$557,526$477,703▼ $79,823
Accounts Payable and Accrued Expenses$204,707$225,053▲ $20,346
Other Liabilities$292,411$213,092▼ $79,319
Total Liabilities$1,542,713$1,409,224▼ $133,489
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,252,513$7,795,856▼ $456,657
Total Net Assets Fund Balance$8,252,513$7,795,856▼ $456,657
Total Liabilities and Net Assets / Fund Balance$9,795,226$9,205,080▼ $590,146

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,836,122$5,391,760$12,227,882
Equipment$1,260,200$41,473$1,301,673
Other Land Buildings$10,260-$10,260
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cheryl CroninCEOFT$232,113$4,801$236,914
Chelsea DolinerDirector of Marketing & Comms.FT$121,962-$121,962

Board Members and Trustees

NameTitle
Lisa SebestaBoard Chair
Mary Jo MeisnerVice Chair
David ClarkDirector
Donald WiestDirector
Jan SaglioDirector
Kurt HemrDirector
Lauren K SteinDirector
Marlo FogelmanDirector
Pratt WileyDirector
Kris BatemanDirector (as of 6/2024)
Lisa KoetterDirector (as of 9/2024)
Adam MargolinTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ajm Super Services LLCJanitorial26 HANCOCK STREET, Dorchester, MA 02125$105,400
Revenue and Support

Revenue Composition

Contributions and Grants
$1,396,305
Program Service Revenue
$1,275,337
Investment Income
$0
Other Revenue
$520,600
All Other Contributions
$643,877
Change in Net Assets
$-456,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,804,071
Salaries, Compensation, and Employee Benefits$844,828
Total Fundraising Expense$128,631
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$644,959--$644,959
Depreciation Depletion$449,643$86,470$40,353$576,466
Other Salaries and Wages$451,886$67,261$6,630$525,777
Occupancy$441,975$13,532$6,315$461,822
Office Expenses$243,751$5,252$2,452$251,455
Current Officers, Directors, Trustees, and Key Employees$142,148$47,383$47,383$236,914
Conferences and Meetings$142,745--$142,745
Royalties$110,277--$110,277
Fees for Services Other$89,810$11,353$5,299$106,462
Fees for Services Accounting$55,476$10,668$4,978$71,122
Payroll Taxes$45,525$8,755$4,086$58,366
Insurance$44,973$8,648$4,036$57,657
Interest$36,693$7,056$3,293$47,042
Other Employee Benefits$19,405$3,326$1,040$23,771
Other Expenses$775$5,929$2,766$775
Total Functional Expenses$3,244,635$275,633$128,631$3,648,899
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$21,289
Fundraising Gross Income$18,566
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Harvest Party$247,641$18,566-$18,566
Total Events$247,641$18,566$21,289$-2,723
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$143,557
Operating Lease Liabilities$69,535
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed and approved by the finance and audit committee.

Form 990, Part VI, Section B, Line 12C

The board of directors and ceo are required to annually sign off on the policy and list any potential conflicts of interest they may have with the organization.

Form 990, Part VI, Section B, Line 15

The board of directors reviews other organizations of the same size and nature before determining compensation for officers and key employees. The ceo has an annual review by the board of directors.

Form 990, Part VI, Section C, Line 18

These documents are available upon request to the association.

Form 990, Part VI, Section C, Line 19

These policies are available upon request to the association.

Filing and Contact Details

Filer

Filer Name
Boston Public Market Association Inc
EIN
04-3556884
Phone
6179734909
Address
PO BOX 130457, BOSTON, MA 02113

Signing Officer

Name
Cheryl Cronin
Title
Chief Executive Officer
Phone
6179734909
Signed
2025-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheryl Cronin
Formed
2001
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
15
Volunteers
22

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Joyce Ripianzi CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Boston public market association, inc. (bpma) accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the financial statements regarding a tax position taken or expected to be taken in a tax return. Bpma has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the consolidated financial statements at december 31, 2024. Bpma's information returns are subject to examination by the federal and state jurisdictions.

Raw XML AppendixShowing 400 of 553 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt090947
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SEE SCHEDULE O.OUR MISSION IS TO CONTINUE TO DEVELOP AND OPERATE A PERMANENT YEAR-ROUND MARKET IN BOSTON AND TO SUPPORT THE FARMERS, FISHERS, AND ENTREPRENEURS WHO GROW, CATCH, AND PRODUCE LOCAL FOOD, AND TO NOURISH OUR COMMUNITY WITH FOOD AND EXPERIENCES.
IRS990/AdvertisingGrp/ProgramServicesAmt0644959
IRS990/AdvertisingGrp/TotalAmt0644959
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IRS990/BooksInCareOfDetail/PhoneNum06179734909
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt012 MARSHALL STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0BOSTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
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IRS990/ChangeToOrgDocumentsInd00
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IRS990/CompensationFromOtherSrcsInd00
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IRS990/CompensationProcessOtherInd01
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IRS990/CYTotalRevenueAmt03192242
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IRS990/DepreciationDepletionGrp/TotalAmt0576466
IRS990/Desc0DEVELOPMENT AND OPERATION OF A PERMANENT MARKET -THE BOSTON PUBLIC MARKET ASSOCIATION, INC. IS THE DEVELOPER AND OPERATOR OF THE BOSTON PUBLIC MARKET (BPMA) THAT OPENED IN JULY 2015. BPMA INVESTED ADDITIONAL RESOURCES IN MARKETING, DEVELOPMENT, SMALL BUSINESS SUPPORT, AND RENT SUBSIDIES FOR ITS PERMANENT VENDORS. ALL ELIGIBLE VENDORS AT THE PERMANENT PUBLIC MARKET ACCEPT HEALTHY INCENTIVES PROGRAM, WIC, AND SENIOR COUPONS. BPMA ALSO OPERATED A SUCCESSFUL SHORT-TERM VENDOR PROGRAM, PROVIDING AN OPPORTUNITY FOR OVER 30 DIFFERENT SMALL FOOD BUSINESSES TO SELL IN THE MARKET ON A WEEKLY BASIS. WITH OVER 1.5 MILLION VISITORS IN 2024, BPMA HAS CONTINUED TO OPERATE THE MARKET AS A PUBLIC, CIVIC SPACE WHERE ALL ARE WELCOME AND EVERY MEMBER OF THE COMMUNITY CAN LEARN MORE ABOUT THE LOCAL FOOD SYSTEM FROM SMALL, INDEPENDENT NEW ENGLAND FOOD BUSINESSES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR (AS OF 9/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR (AS OF 6/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt12CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF MARKETING & COMMS.
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0OUR MISSION IS TO CONTINUE TO DEVELOP AND OPERATE A PERMANENT YEAR-ROUND MARKET IN BOSTON AND TO SUPPORT THE FARMERS, FISHERS, AND ENTREPRENEURS WHO GROW, CATCH, AND PRODUCE LOCAL FOOD, AND TO NOURISH OUR COMMUNITY WITH FOOD AND EXPERIENCES.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0522455
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS

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