Eagle Market Streets Development Co

Overview

Mission

To develop people, property, and businesses, and envision equitable, socio-economic justice for all.

What it reported doing in 2024

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.

Operating model

Revenue model
Donor-supported. 77% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 75% for direct work, 24% for grants, and 1% for affiliated organizations.

Nonprofit profile at a glance

EIN
582140995
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-EZ 2017
Headquarters
Asheville, NC, USA
Phone
8282811227
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Museum, Museum Activities

Official website

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 90
  • Accountability: 84
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87%; rating input score 87
  • Program expense ratio: 88.1%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.3%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 1.73; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.51; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 1.6%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 23.5% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 24.8% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 24% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 87% of revenue deployed · 88.1% of spending went to programs
  • Governance: 5 of 5 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.3M in reported program spending
  • Leadership: top reported pay $41K · 8 people listed
  • Highest-paid contractors: 2 contractors listed · $313K reported
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 11 annual filings from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 8 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

8 people listed

Highest reported compensation

  • STEPHANIE S TWITTY (PRESIDENT CE): $40,608 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.