Civic Intelligence

San Francisco Market Corporation

EIN 45-4849844 • 501(c)3 • San Francisco, CA

Profile

The mission of the san francisco market corporation is to link the produce and food communities of san francisco and beyond through the successful operation and development of the san francisco wholesale produce market.

2095 Jerrold Avenue Suite 212San Francisco, CA 94124-1628

www.sfproduce.org

Siviq Scores

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

Liabilities / Assets

21st percentile

0.04x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

49th percentile

0.32x

Higher debt load relative to revenue than 49% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

93rd percentile

62%

Higher net margin than 93% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

38th percentile

$292,861

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

62nd percentile

9.0%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-41%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$65,190,460

Up $5,381,659 (+9.0%) from 2023

Liabilities

Up

$2,772,325

Up $5,175 (+0.2%) from 2023

Net Assets

Up

$62,418,135

Up $5,376,484 (+9.4%) from 2023

Revenue

Down

$8,623,292

Down $6,077,252 (-41%) from 2023

Expenses

Down

$3,246,808

Down $31,698 (-1.0%) from 2023

Net Income

Down

$5,376,484

Down $6,045,554 (-53%) from 2023

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2012: $1Liabilities 2012: $02012Assets 2013: $39,581,999Liabilities 2013: $26,769,768Net Assets 2013: $12,812,2312013Assets 2014: $47,018,768Liabilities 2014: $32,062,979Net Assets 2014: $14,955,7892014Assets 2015: $47,432,958Liabilities 2015: $30,751,864Net Assets 2015: $16,681,0942015Assets 2016: $49,716,847Liabilities 2016: $31,038,929Net Assets 2016: $18,677,9182016Assets 2017: $52,899,079Liabilities 2017: $32,262,451Net Assets 2017: $20,636,6282017Assets 2018: $55,315,349Liabilities 2018: $32,950,595Net Assets 2018: $22,364,7542018Assets 2019: $58,200,464Liabilities 2019: $34,170,333Net Assets 2019: $24,030,1312019Assets 2020: $51,659,143Liabilities 2020: $17,398,212Net Assets 2020: $34,260,9312020Assets 2021: $53,213,177Liabilities 2021: $15,017,354Net Assets 2021: $38,195,8232021Assets 2022: $49,737,336Liabilities 2022: $4,117,723Net Assets 2022: $45,619,6132022Assets 2023: $59,808,801Liabilities 2023: $2,767,150Net Assets 2023: $57,041,6512023Assets 2024: $65,190,460Liabilities 2024: $2,772,325Net Assets 2024: $62,418,1352024

Highlighted filing

2024

Assets$65,190,460
Liabilities$2,772,325
Net Assets$62,418,135

Operations Trend

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

$15M$10M$5.0M$0Revenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $14,577,140Expenses 2013: $1,791,487Net Income 2013: $12,785,6532013Revenue 2014: $4,001,215Expenses 2014: $1,852,982Net Income 2014: $2,148,2332014Revenue 2015: $4,954,803Expenses 2015: $3,232,915Net Income 2015: $1,721,8882015Revenue 2016: $5,390,948Expenses 2016: $3,390,783Net Income 2016: $2,000,1652016Revenue 2017: $5,631,816Expenses 2017: $3,682,667Net Income 2017: $1,949,1492017Revenue 2018: $5,971,466Expenses 2018: $4,245,770Net Income 2018: $1,725,6962018Revenue 2019: $5,900,919Expenses 2019: $4,289,221Net Income 2019: $1,611,6982019Revenue 2020: $9,466,555Expenses 2020: $5,981,457Net Income 2020: $3,485,0982020Revenue 2021: $7,265,361Expenses 2021: $5,255,209Net Income 2021: $2,010,1522021Revenue 2022: $6,875,416Expenses 2022: $4,042,271Net Income 2022: $2,833,1452022Revenue 2023: $14,700,544Expenses 2023: $3,278,506Net Income 2023: $11,422,0382023Revenue 2024: $8,623,292Expenses 2024: $3,246,808Net Income 2024: $5,376,4842024

Highlighted filing

2024

Revenue$8,623,292
Expenses$3,246,808
Net Income$5,376,484

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.2$2.77$62.4$8.62$3.25$5.38
2023Summary only. Only limited summary data is available for this year.$59.8$2.77$57.0$14.7$3.28$11.4
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.7$4.12$45.6$6.88$4.04$2.83
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.2$15.0$38.2$7.27$5.26$2.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.7$17.4$34.3$9.47$5.98$3.49
2019Summary only. Only limited summary data is available for this year.$58.2$34.2$24.0$5.90$4.29$1.61
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.3$33.0$22.4$5.97$4.25$1.73
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.9$32.3$20.6$5.63$3.68$1.95
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.7$31.0$18.7$5.39$3.39$2.00
2015Detailed filing. Detailed filing data is available for this year.$47.4$30.8$16.7$4.95$3.23$1.72
2014Detailed filing. Detailed filing data is available for this year.$47.0$32.1$15.0$4.00$1.85$2.15
2013Summary only. Only limited summary data is available for this year.$39.6$26.8$12.8$14.6$1.79$12.8
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 30, 2025
Return Version
2024v5.2
Gross Receipts
$8,651,870
Mission and Program Overview

Mission

The mission of the san francisco market corporation is to link the produce and food communities of san francisco and beyond through the successful operation and development of the san francisco wholesale produce market.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$30,147,707$30,711,333▲ $563,626
Savings and Temporary Cash Investments$25,320,184$29,842,227▲ $4,522,043
Cash and Non-Interest-Bearing Accounts$2,094,600$2,151,978▲ $57,378
Prepaid Expenses and Deferred Charges$70,173$281,739▲ $211,566
Pledges and Grants Receivable$607,277$160,799▼ $446,478
Accounts Receivable$186,775$79,950▼ $106,825
Total Assets$59,808,801$65,190,460▲ $5,381,659
Other Assets Total$1,382,085$1,962,434▲ $580,349
Liabilities
Other Liabilities$1,780,915$1,643,780▼ $137,135
Accounts Payable and Accrued Expenses$986,235$1,128,545▲ $142,310
Total Liabilities$2,767,150$2,772,325▲ $5,175
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$51,540,615$56,915,961▲ $5,375,346
Net Assets With Donor Restrictions$5,501,036$5,502,174▲ $1,138
Total Net Assets Fund Balance$57,041,651$62,418,135▲ $5,376,484
Total Liabilities and Net Assets / Fund Balance$59,808,801$65,190,460▲ $5,381,659

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,961,594$8,694,561$33,656,155
Other Land Buildings$5,581,850$155,703$5,737,553
Equipment$167,889$37,493$205,382
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael JanisGeneral ManagerFT$255,025$37,836$292,861
Amy BrannerDirector, Fund DevelopmentFT$176,301$25,985$202,286
Elizabeth YuControllerFT$129,971$26,602$156,573
Sergio SolisOperations ManagerFT$101,392$23,799$125,191

Board Members and Trustees

NameTitle
Vincent KortaPresident
Virginia HinesPresident (to 7/24)
Jack PizzaMerchant, Vice President (to 3/24)
David LeaDirector
Kevin BarnettDirector
Kevin CookDirector
Rochelle RossDirector
Andrew WietstockDirector (from 7/24)
Jeanne MyersonDirector (from 7/24)
Terry FeinbergDirector (from 7/24)
Joshua CallahanDirector (to 7/24)
Nancy AndrewsDirector (to 7/24)
Larry BalestraMerchant
Ray MahMerchant (from 3/24)
Leslie KrasnySecretary
Ashleigh HarrisSecretary (to 7/24)
Laurie PostonTreasurer (from 7/24)
Tim ThomsonTreasurer (to 7/24)

Highest Paid Contractors

ContractorServicesLocationCompensation
Ax Security ServiceSecurity Services2151 SALVIO ST STE 260, Concord, CA 94520$570,699
Jackson Liles ArchitectureArchitecture & Design Services2325 3RD ST 2016, San Francisco, CA 94107$344,575
Golden Gate MechanicalFire Sprinkler Contractor1793 LAFAYETTE ST SUITE 130, Santa Clara, CA 95050$193,286
Tristan Michele MarketingMarketing Consultant3201 WOODSTOCK ROAD, Los Alamitos, CA 90720$149,517
Aim To Please JanitorialJanitorial Service1485 BAYSHORE BLVD BOX 129, San Francisco, CA 94124$143,290
Revenue and Support

Revenue Composition

Contributions and Grants
$79,670
Program Service Revenue
$6,745,622
Investment Income
$1,378,591
Other Revenue
$419,409
All Other Contributions
$5,000
Change in Net Assets
$5,376,484

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,623,292
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,623,292
Total Revenue per Form 990
$8,623,292
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,129,551
Salaries, Compensation, and Employee Benefits$1,098,885
Total Fundraising Expense$573,920
Professional Fundraising Fees$16,836
Grants and Similar Amounts Paid$1,536

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$810,896$25,955-$836,851
Other Salaries and Wages$248,740$178,098$209,798$636,636
Fees for Services Other$83,205$207,844$77,963$369,012
Current Officers, Directors, Trustees, and Key Employees$115,236$82,456$95,169$292,861
Other Employee Benefits$69,817$49,755$49,816$169,388
Fees for Services Accounting-$161,262-$161,262
Fees for Services Lobbying--$87,000$87,000
Occupancy$61,092--$61,092
Information Technology$12,840$8,025$11,235$32,100
Office Expenses$8,772$5,482$7,675$21,929
Fees for Services Legal$8,366$9,821-$18,187
Fees for Services Professional Fundraising--$16,836$16,836
Other Expenses$2,584$7,407$15,606$9,991
Advertising$2,822-$2,822$5,644
Grants to Domestic Orgs$1,536--$1,536
All Other Expenses$646--$646
Total Functional Expenses$1,884,382$788,506$573,920$3,246,808

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,246,808
Total Expenses per Audited Statements$3,246,808
Total Expenses per Form 990$3,246,808
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$16,836
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ric TomabariFormer DirectorSfmc Leases Facilities to an Entity Owned by the Former DirectorNo$461,204
Jack PizzaDirectorSfmc Leases Facilities to an Entity Owned by the DirectorNo$240,739
Larry BalestraDirectorSfmc Leases Facilities to an Entity Owned by the DirectorNo$187,585
Ray MahDirectorSfmc Leases Facilities to an Entity Owned by the DirectorNo$140,621
Stanley CorreiaFormer DirectorSfmc Leases Facilities to an Entity Owned by the Former DirectorNo$140,621
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
TENANTS' SECURITY DEPOSITS$1,136,070
Operating Lease Liability$507,710
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
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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

Metis partner solutions llc served as the outsourced chief financial officer. For these services, metis partner solutions llc was paid $61,574.

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

Form 990 is prepared by an independent cpa firm in conjunction with the organization's controller. A draft of form 990 is reviewed by the controller and the director of finance and administration. Any corrections or modifications are made by our cpa firm. The revised draft is then reviewed by the general manager, controller, director of finance and administration and any concerns raised with the cpa firm to ensure a consensus is achieved. The audit committee is then provided a copy, for their review and approval, and the board members sent a copy of the tax return, prior to filing, for their review as well. The return is then finalized and electronically filed with the taxing authorities by our cpa firm.

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

A copy of the policy is sent to all board members along with a form to san francisco market corporation disclose any conflicts of interest about which they may know. The forms are then reviewed by michael janis, general manager, and the board & gm administrative assistant. Any issues that are noted are further vetted and raised to the board or governance sub-committee.

Form 990, Part VI, Section B, Line 15A

In june 2025, sf market's external hr consultant, ignite hr, directly provided the board president with compensation and merit information used for the general manager's 2024 compensation review. The board president then reviewed materials with the executive committee.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
San Francisco Market Corporation
EIN
45-4849844
Phone
4155504495
Address
2095 JERROLD AVENUE SUITE 212, SAN FRANCISCO, CA 94124-1628

Signing Officer

Name
Michael Janis
Title
General Manager
Phone
4155504495
Signed
2025-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Janis
Formed
2012
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
9
Employees
11
Volunteers
50

Preparer

Firm
Bpm Llp
Address
ONE CALIFORNIA STREET SUITE 2500, SAN FRANCISCO, CA 94111-5426
Preparer
Jeanette M Lee
Phone
4154215757
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION'S MISSION:

The sf market's mission is to connect and grow northern california's food and agricultural community from our wholesale market in the heart of san francisco and to ensure all san francisco bay area communities have reliable access to abundant fresh produce. The sf market is san francisco's original and only wholesale produce market. As a pillar of the bay area's food economy and a non-profit social enterprise, the market provides the critical infrastructure to connect rural california farming communities with the diverse urban center in the bay area. Located in san francisco's bayview hunters point neighborhood, the 25 acre campus is home to 20 individual merchants who supply bay area restaurants, grocers, caterers and other food-related businesses with a full spectrum of high-quality produce that serves a range of culinary and cultural preferences. The market supports jobs for over 500 people in the production, distribution and repair (pdr) industry. Beyond meeting the produce needs of san francisco's food businesses, the sf market creates positive social and environmental impact through its awardwinning food recovery program. Partnering with its merchants, the sf market recovers fresh surplus produce that would otherwise go to waste and redistributes it to community-based organizations who directly serve food insecure communities across san francisco and the greater bay area region. This efficient and highly cost-effective program is the largest single source of recovered food in san francisco. Since its inception, the food recovery program has recovered and donated over 9 million pounds of fresh produce through its community partners.

Form 990, Part IX, Line 11G

Hr/consultants: program service expenses 0. Management and general expenses 77,084. Fundraising expenses 0. Total expenses 77,084. Marketing and communication: program service expenses 75,211. Management and general expenses 0. Fundraising expenses 75,211. Total expenses 150,422. Other professional fees: program service expenses 7,994. Management and general expenses 130,760. Fundraising expenses 2,752. Total expenses 141,506.

Raw XML AppendixShowing 400 of 728 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.

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IRS990/MissionDesc0OUR MISSION IS TO CONNECT AND GROW THE REGION'S FOOD AGRICULTURE COMMUNITY FROM OUR WHOLESALE MARKET IN THE HEART OF SAN FRANCISCO. OUR VISION IS FOR ALL COMMUNITIES IN THE SAN FRANCISCO BAY AREA TO HAVE RELIABLE ACCESS TO ABUNDANT FRESH PRODUCE.
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