EIN 58-2140995

Eagle Market Streets Development Corporation (EMSDC)

Name: Eagle Market Streets Development Corporation (EMSDC) financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Asheville

State

North Carolina

Year formed

1994

Most recent tax filings

2022-12-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

Eagle Market Streets Development Corporation envisions equitable, inclusive socio-economic justice for all by developing people, property and businesses. The corporation's programs focus on community and property development, economic business and workforce development to elevate communities of color and underserved populations from poverty through education and social entrepreneurship.

Total revenues

$3,101,437

2022

Total expenses

$2,545,293

2022

Total assets

$4,860,691

2022

Num. employees

2022

Program areas at EMSDC

All programs relate to community and property Development, economic business and workforce Development where communities of color and underserved populations are elevated from poverty by means of education and social entrepreneurship.

Grants made by EMSDC

Grantee	Grant description	Grant year	Amount
Pinnacle Community Development Corporation	Hrsa Disbursement	2022-12	$136,000
Community Foundation of Henderson County	Co-Thinkk Awards	2022-12	$76,000
New Life Connection	Hrsa Disbursement	2022-12	$60,500
...and 3 more grants made

Who funds Eagle Market Streets Development Corporation (EMSDC)

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Z. Smith Reynolds Foundation (ZSR)	2022-12	Racial Justice Coalition Project	$150,000
T Rowe Price Charitable	2023-03	Special Project	$50,000
Z. Smith Reynolds Foundation (ZSR)	2022-12	Catawba Vale Collaborative - Research and Development Project	$30,000
...and 12 more grants received

Personnel at EMSDC

Name	Title	Compensation	Date of data
Stepahnie Swepson Twitty	Chief Executive Officer		2021-02-26
Stephanie S Twitty	President Chief Executive Officer	$40,458	2023-11-15
Lajune Waterford	Secretary	$0	2022-12-31
Marvin Chambers	Vice Chairman	$0	2022-12-31
Elizabeth Russell	Treasurer	$0	2022-12-31
...and 4 more key personnel

Financials for EMSDC

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$3,011,382	$2,952,633	2%
Program services	$53,415	$81,101	-34.1%
Investment income and dividends	$108	$33	227.3%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$36,532	$-13,956	361.8%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$3,101,437	$3,019,811	2.7%

Form 990s for EMSDC

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-15	990	View PDF
2021-12	2022-11-08	990	View PDF
2020-12	2021-11-12	990	View PDF
2019-12	2021-02-26	990	View PDF
2018-12	2020-10-05	990	View PDF
...and 10 more Form 990s

Organizations like EMSDC

Organization	Type	Location	Revenue
Eastern American CDC	501(c)(3)	Palisades Park, NJ	$2,131,175
Metro West Community Development Organization	501(c)(3)	Cleveland, OH	$2,402,717
REV Birmingham	501(c)(3)	Birmingham, AL	$3,412,316
Downtown Toledo Development Corporation	501(c)(3)	Toledo, OH	$1,466,508
Seward Redesign	501(c)(3)	Minneapolis, MN	$5,849,152
The Aiken Corporation of South Carolina	501(c)(3)	Aiken, SC	$799,387
Chicago Neighborhood Initiatives	501(c)(3)	Chicago, IL	$6,086,031
Memphis Medical District Collaborative	501(c)(3)	Memphis, TN	$2,381,533
Hyattsville Community Development Corporation	501(c)(3)	Hyattsville, MD	$1,398,223
West Central Nebraska Development District	501(c)(3)	Ogallala, NE	$776,680

Data update history

December 27, 2023

Posted financials

Added Form 990 for fiscal year 2022

December 27, 2023

Updated personnel

Identified 2 new personnel

December 25, 2023

Received grants

Identified 5 new grant, including a grant for $150,000 from Z. Smith Reynolds Foundation (ZSR)

December 24, 2023

Used new vendors

Identified 2 new vendors, including , and

July 28, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsCharities

Issues

Arts, cultural, and humanitiesCommunity improvementEconomic development

Characteristics

Operates donor advised fundsPartially liquidatedReceives government fundingManagement and technical assistanceTax deductible donations

General information

Address: 70 S Market St; Asheville, NC 28801
Metro area: Asheville, NC
County: Buncombe County, NC
Website URL: eaglemarketsts.org/
Phone: (828) 281-1227

IRS details

EIN: 58-2140995
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1994
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Independent

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Eagle Market Streets Development Corporation (EMSDC)

Program areas at EMSDC

Grants made by EMSDC

Who funds Eagle Market Streets Development Corporation (EMSDC)

Personnel at EMSDC

Financials for EMSDC

Form 990s for EMSDC

Organizations like EMSDC

Nonprofits

Product

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