Civic Intelligence

Charlotte City Market

EIN 27-4202998 • 501(c)3 • Charlotte, NC

Profile

The market at 7th street is a mission-based nonprofit that combines culinary and retail innovation, economic opportunity, and a sense of belonging. The market: 1) incubates new food and retail businesses, 2) supports economic mobility through entrepreneurship, and 3) builds community wellness, as a welcoming commons for all.

225 E 6th Street Suite BCharlotte, NC 28202

themarketat7thstreet.com

Siviq Scores

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

Liabilities / Assets

54th percentile

0.04x

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

NTEE E • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.07x

Higher debt load relative to revenue than 58% of similar nonprofits.

NTEE E • $500k-$1M nonprofits • Source year 2024

Net Margin

7th percentile

-39%

Higher net margin than 7% of similar nonprofits.

NTEE E • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

76th percentile

$87,522

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 14.9% of source-year revenue.

NTEE E • $500k-$1M nonprofits • Source year 2024

Asset Growth

18th percentile

-12%

Faster asset growth than 18% of similar nonprofits.

NTEE E • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

23rd percentile

-12%

Faster revenue growth than 23% of similar nonprofits.

NTEE E • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$914,566

Down $129,253 (-12%) from 2023

Liabilities

Down

$38,890

Down $14,692 (-27%) from 2023

Net Assets

Down

$875,676

Down $114,561 (-12%) from 2023

Revenue

Down

$586,544

Down $79,398 (-12%) from 2023

Expenses

Up

$813,605

Up $129,510 (+19%) from 2023

Net Income

Down

-$227,061

Down $208,908 (-1151%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $847,709Liabilities 2012: $144,375Net Assets 2012: $703,3342012Assets 2013: $763,650Liabilities 2013: $155,762Net Assets 2013: $607,8882013Assets 2014: $674,281Liabilities 2014: $110,820Net Assets 2014: $563,4612014Assets 2015: $585,583Liabilities 2015: $86,737Net Assets 2015: $498,8462015Assets 2016: $625,259Liabilities 2016: $57,389Net Assets 2016: $567,8702016Assets 2017: $1,183,712Liabilities 2017: $25,202Net Assets 2017: $1,158,5102017Assets 2018: $1,227,398Liabilities 2018: $72,779Net Assets 2018: $1,154,6192018Assets 2019: $1,272,906Liabilities 2019: $139,260Net Assets 2019: $1,133,6462019Assets 2020: $1,234,761Liabilities 2020: $148,148Net Assets 2020: $1,086,6132020Assets 2021: $1,045,529Liabilities 2021: $58,798Net Assets 2021: $986,7312021Assets 2022: $961,593Liabilities 2022: $65,703Net Assets 2022: $895,8902022Assets 2023: $1,043,819Liabilities 2023: $53,582Net Assets 2023: $990,2372023Assets 2024: $914,566Liabilities 2024: $38,890Net Assets 2024: $875,6762024

Highlighted filing

2024

Assets$914,566
Liabilities$38,890
Net Assets$875,676

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $231,0152012Expenses 2013: $315,9782013Revenue 2014: $356,608Expenses 2014: $401,035Net Income 2014: -$44,4272014Revenue 2015: $406,167Expenses 2015: $470,782Net Income 2015: -$64,6152015Revenue 2016: $507,024Expenses 2016: $438,000Net Income 2016: $69,0242016Revenue 2017: $1,098,578Expenses 2017: $489,712Net Income 2017: $608,8662017Revenue 2018: $527,140Expenses 2018: $531,031Net Income 2018: -$3,8912018Revenue 2019: $467,360Expenses 2019: $488,333Net Income 2019: -$20,9732019Revenue 2020: $420,236Expenses 2020: $467,269Net Income 2020: -$47,0332020Revenue 2021: $436,862Expenses 2021: $536,744Net Income 2021: -$99,8822021Revenue 2022: $451,434Expenses 2022: $668,838Net Income 2022: -$217,4042022Revenue 2023: $665,942Expenses 2023: $684,095Net Income 2023: -$18,1532023Revenue 2024: $586,544Expenses 2024: $813,605Net Income 2024: -$227,0612024

Highlighted filing

2024

Revenue$586,544
Expenses$813,605
Net Income-$227,061

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$586,544
Mission and Program Overview

Mission

This marketplace celebrates and promotes the diverse regional food culture of the carolinas, supports local and regional farmers and food artisans as well as the regional network of markets, serves as an incubator for food-related businesses, and helps mitigate food deserts in surrounding neighborhoods addressing access, health and food education and costs.

Charlotte city market is organized and operated in uptown charlotte, north carolina exclusively for charitable and educational purposes, small business incubation and community wellness. Charlotte city market supports a year round facility that serves as a center for new food and retail business incubation, economic mobility through entrepreneurship, community wellness, and public education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$990,237$875,676▼ $114,561
Land, Buildings, and Equipment, Net$741,353$778,338▲ $36,985
Cash and Non-Interest-Bearing Accounts$223,214$124,333▼ $98,881
Accounts Receivable$79,252$11,895▼ $67,357
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,043,819$914,566▼ $129,253
Liabilities
Accounts Payable and Accrued Expenses$42,915$32,940▼ $9,975
Other Liabilities$10,667$5,950▼ $4,717
Total Liabilities$53,582$38,890▼ $14,692
Net Assets / Fund Balance
Total Net Assets Fund Balance$990,237$875,676▼ $114,561
Total Liabilities and Net Assets / Fund Balance$1,043,819$914,566▼ $129,253

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$731,774$214,110$945,884
Equipment$45,851$124,904$170,755
Other Land Buildings$713$44,924$45,637
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Salem SuberExecutive DirectorFT$87,522$87,522
Eleni SaundersCFOPT$27,041$27,041

Board Members and Trustees

NameTitle
Blair PrimisChairman
Anthony TrotmanDirector
Corinne WeberDirector
Daniel B Murrey Md MppDirector
Heidi SmithDirector
Hendrick EllisDirector
Holly EskridgeDirector
Joe HaubenhoferDirector
Laura PeresDirector
Laura WhiteDirector
Leo ScarpatiDirector
Michele GlessnerDirector
Richard MathieuDirector
Michael J SmithSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$203,240
Program Service Revenue
$362,741
Investment Income
$0
Other Revenue
$20,563
All Other Contributions
$203,240
Change in Net Assets
$-227,061
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$527,155
Salaries, Compensation, and Employee Benefits$286,450
Total Fundraising Expense$29,517
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$212,250$18,456-$230,706
Other Salaries and Wages$127,166$12,075$12,075$151,316
Current Officers, Directors, Trustees, and Key Employees$94,440$9,030$9,030$112,500
Office Expenses$38,970$3,390-$42,360
Depreciation Depletion-$38,633-$38,633
Insurance$14,101$1,226-$15,327
Advertising$11,258$979-$12,237
Payroll Taxes$9,968$949$950$11,867
Other Employee Benefits$9,045$861$861$10,767
Conferences and Meetings$6,225$541-$6,766
Fees for Services Other$5,451$474-$5,925
Other Expenses$2,392$208$6,601$2,600
Travel$1,958$170-$2,128
Fees for Services Legal$1,251$109-$1,360
Information Technology$632$55-$687
Total Functional Expenses$690,331$93,757$29,517$813,605
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$5,950
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The market has a management agreement with charlotte center city partners (cccp), which is a 501(c)(4) organization. Cccp provides functional support and strategic planning regarding the market's programming, tenanting, fundraising, pr, marketing and finance. Cccp manages the market under the governance of the market board. Cccp employs and manages the market's executive director to lead the market and achieve the long term mission and annual program of work.

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

The 990 will be reviewed with the board of directors at their board meeting. If not able to be done in person, the 990 will be sent to the board of directors and time will be allowed for review and questions before the 990 is filed with the irs.

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

Any member of the board of directors who knowingly has a conflict of interest or a perceived conflict of interest with respect to any matter coming before the board of directors person shall recuse himself/herself from all discussion and vote on the matter.

Form 990, Part VI, Section B, Line 15

Key personnel in support of charlotte city market are employees of the charlotte center city partners ("cccp") and are subject to the compensation and personnel policies of cccp. Cccp consistently reviews and documents its compensation structure to ensure reasonableness.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Charlotte City Market
EIN
27-4202998
Phone
7043329575
Address
225 E 6TH STREET SUITE B, CHARLOTTE, NC 28202
Doing Business As
The Market at 7th Street

Signing Officer

Name
Michael J Smith
Title
Secretary/treasurer
Phone
7043329575
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael J Smith
Formed
2010
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
6
Volunteers
22

Preparer

Firm
Elliott Davis Pllc
Address
500 EAST MOREHEAD STREET SUITE 700, CHARLOTTE, NC 28202
Preparer
Janice a Ratica
Phone
7043338881
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt055
IRS990/InformationTechnologyGrp/ProgramServicesAmt0632
IRS990/InformationTechnologyGrp/TotalAmt0687
IRS990/InsuranceGrp/ManagementAndGeneralAmt01226
IRS990/InsuranceGrp/ProgramServicesAmt014101
IRS990/InsuranceGrp/TotalAmt015327
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0383938
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0741353
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0778338
IRS990/LandBldgEquipCostOrOtherBssAmt01162276
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MARKET AT 7TH STREET IS A MISSION-BASED NONPROFIT THAT COMBINES CULINARY AND RETAIL INNOVATION, ECONOMIC OPPORTUNITY, AND A SENSE OF BELONGING. THE MARKET: 1) INCUBATES NEW FOOD AND RETAIL BUSINESSES, 2) SUPPORTS ECONOMIC MOBILITY THROUGH ENTREPRENEURSHIP, AND 3) BUILDS COMMUNITY WELLNESS, AS A WELCOMING COMMONS FOR ALL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0990237
IRS990/NetAssetsOrFundBalancesEOYAmt0875676
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt018456
IRS990/OccupancyGrp/ProgramServicesAmt0212250
IRS990/OccupancyGrp/TotalAmt0230706
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03390
IRS990/OfficeExpensesGrp/ProgramServicesAmt038970
IRS990/OfficeExpensesGrp/TotalAmt042360
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0861
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0861
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09045
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010767
IRS990/OtherExpensesGrp/Desc0PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc1SHARED SERVICES
IRS990/OtherExpensesGrp/Desc2DUES & LICENSES
IRS990/OtherExpensesGrp/FundraisingAmt06601
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06601
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1208
IRS990/OtherExpensesGrp/ProgramServicesAmt085917
IRS990/OtherExpensesGrp/ProgramServicesAmt169307
IRS990/OtherExpensesGrp/ProgramServicesAmt22392
IRS990/OtherExpensesGrp/TotalAmt085917
IRS990/OtherExpensesGrp/TotalAmt182509
IRS990/OtherExpensesGrp/TotalAmt22600
IRS990/OtherLiabilitiesGrp/BOYAmt010667
IRS990/OtherLiabilitiesGrp/EOYAmt05950
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt020563
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt020563
IRS990/OtherRevenueTotalAmt020563
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt012075
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt012075
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0127166
IRS990/OtherSalariesAndWagesGrp/TotalAmt0151316
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0950
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0949
IRS990/PayrollTaxesGrp/ProgramServicesAmt09968
IRS990/PayrollTaxesGrp/TotalAmt011867
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL J SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0VENDOR RENTS AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0362741
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0362741
IRS990/ProgSrvcAccomActy2Grp/Desc0MANY OF THE MARKET'S EARLY ENTREPRENEURS ARE OWNERS WHO ARE HIGH-APTITUDE AND UNDER-CAPITALIZED THAT ARE LAUNCHING THEIR FIRST BUSINESSES. THE MARKET SUPPORTS THEM AS THEY NAVIGATE THE FIRST YEARS SO THEY ARE STRENGTHENING ALL AREAS OF THEIR BUSINESS.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE MARKET IS THE DESIRED DESTINATION TO DEVELOP INNOVATIVE FOOD AND RETAIL CONCEPTS AND THE AUTHENTIC COMMUNITY GATHERING SPOT FOR ALL RESIDENTS AND VISITORS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE MARKET LAUNCHED ITS EXPERIENTIAL EDUCATION PROGRAM, THE HUB FOR INCLUSIVITY, INNOVATION, AND ENTREPRENEURSHIP (HIIVE). HIIVE HAS GRADUATED 40 SMALL BUSINESSES THROUGH ITS 9-WEEK CURRICULUM FOCUSED ON BOLSTERING BUSINESS FUNDAMENTALS AND HELPING ALIGN THEIR SMALL BUSINESS WITH THE BUSINESS OF CENTER CITY.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0275124
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-16062
IRS990/PYOtherExpensesAmt0465761
IRS990/PYOtherRevenueAmt016195
IRS990/PYProgramServiceRevenueAmt0390685
IRS990/PYRevenuesLessExpensesAmt0-18153
IRS990/PYSalariesCompEmpBnftPaidAmt0218334
IRS990/PYTotalExpensesAmt0684095
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0665942
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-227061
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0383278
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0990237
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0875676
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0203226
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0275124
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0155500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0166241
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0143476
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0943567
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01310706
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt022501
IRS990ScheduleA/OtherIncome170Grp/TotalAmt022501
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.43630
IRS990ScheduleA/PublicSupportPY170Pct00.36270
IRS990ScheduleA/PublicSupportTotal170Amt0421530
IRS990ScheduleA/SubstantialContributorsTotAmt0522037
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0203226
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0275124
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0155500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0166241
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0143476
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0943567
IRS990ScheduleA/TotalSupportAmt0966068
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt045851
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0124904
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0170755
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0731774
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0214110
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0945884
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0713
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt044924
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt045637
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05950
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0778338
IRS990ScheduleD/TotalLiabilityAmt05950
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MARKET HAS A MANAGEMENT AGREEMENT WITH CHARLOTTE CENTER CITY PARTNERS (CCCP), WHICH IS A 501(C)(4) ORGANIZATION. CCCP PROVIDES FUNCTIONAL SUPPORT AND STRATEGIC PLANNING REGARDING THE MARKET'S PROGRAMMING, TENANTING, FUNDRAISING, PR, MARKETING AND FINANCE. CCCP MANAGES THE MARKET UNDER THE GOVERNANCE OF THE MARKET BOARD. CCCP EMPLOYS AND MANAGES THE MARKET'S EXECUTIVE DIRECTOR TO LEAD THE MARKET AND ACHIEVE THE LONG TERM MISSION AND ANNUAL PROGRAM OF WORK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WILL BE REVIEWED WITH THE BOARD OF DIRECTORS AT THEIR BOARD MEETING. IF NOT ABLE TO BE DONE IN PERSON, THE 990 WILL BE SENT TO THE BOARD OF DIRECTORS AND TIME WILL BE ALLOWED FOR REVIEW AND QUESTIONS BEFORE THE 990 IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY MEMBER OF THE BOARD OF DIRECTORS WHO KNOWINGLY HAS A CONFLICT OF INTEREST OR A PERCEIVED CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER COMING BEFORE THE BOARD OF DIRECTORS PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSION AND VOTE ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3KEY PERSONNEL IN SUPPORT OF CHARLOTTE CITY MARKET ARE EMPLOYEES OF THE CHARLOTTE CENTER CITY PARTNERS ("CCCP") AND ARE SUBJECT TO THE COMPENSATION AND PERSONNEL POLICIES OF CCCP. CCCP CONSISTENTLY REVIEWS AND DOCUMENTS ITS COMPENSATION STRUCTURE TO ENSURE REASONABLENESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01043819

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