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 5 more grants made

Who funds Eagle Market Streets Development Corporation (EMSDC)

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
The Winston-Salem Foundation	2023-12	1 Grant(s) for Varying Purposes	$200,000
Borealis Philanthropy	2023-12	To Support the Work of Racial Justice Coalition	$200,000
Community Foundation of Western North Carolina	2023-06	Building Community & Economic Vitality	$128,500
...and 11 more grants received

Personnel at EMSDC

Name	Title	Compensation	Date of data
Stephanie S Twitty	President Chief Executive Officer	$40,458	2024-06-24

Financials for EMSDC

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$3,011,382	$3,090,166	-2.5%
Program services	$53,415	$74,215	-28%
Investment income and dividends	$108	$10,997	-99%
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	$561	6411.9%
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	$14,392	-100%
Total revenues	$3,101,437	$3,190,331	-2.8%

Form 990s for EMSDC

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-15	990	View PDF
2021-12	2024-06-24	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
...and 11 more Form 990s

Organizations like EMSDC

Organization	Type	Location	Revenue
Metro West Community Development Organization	501(c)(3)	Cleveland, OH	$1,225,964
North Market Development Authority (NMDA)	501(c)(3)	Columbus, OH	$1,849,201
Coalfield Development Corporation	501(c)(3)	Wayne, WV	$11,631,513
Northwest Side Community Development Corporation	501(c)(3)	Milwaukee, WI	$5,654,859
Mission West Community Development Partners	501(c)(3)	Ronan, MT	$2,442,320
Memphis Medical District Collaborative	501(c)(3)	Memphis, TN	$2,975,790
Southwest Michigan First Corporation	501(c)(3)	Kalamazoo, MI	$8,034,787
Greater Auburn-Gresham Development Corporation	501(c)(3)	Chicago, IL	$9,543,644
Greater Southwest Development Corporation (GSDC)	501(c)(3)	Chicago, IL	$2,845,355
Downtown Albany Restoration Program	501(c)(3)	Albany, NY	$1,162,489

Data update history

October 19, 2024

Received grants

Identified 1 new grant, including a grant for $75,000 from Z. Smith Reynolds Foundation (ZSR)

May 18, 2024

Received grants

Identified 5 new grant, including a grant for $128,500 from Community Foundation of Western North Carolina

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)

Nonprofit Types

Grantmaking organizationsPublic 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 donationsAccepts online donations

General information

Address: 70 S Market St; Asheville, NC 28801
Metro area: Asheville, NC
County: Buncombe County, NC
Website URL: eaglemarketstreets.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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