Neighborhood Markets Incorporated
Nonprofit profile at a glance
- EIN
- 824395257
- IRS 990 coverage
- 2025–2025
- Forms available
- Form 990 2025, Form 990-EZ 2024, Form 990-N 2019
- Location
- Greensboro, NC, USA
- Phone
- 3365434144
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $324,373
- Expenses
- $203,844
- Assets
- $249,654
- Liabilities
- $-335
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Highest reported compensation
- Kathy Newsom (Market Manager & Board Member): $36,700 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Contribute to the economic viability of small farms, local growers, and local cottage industries creating long term opportunities for them to retail their products at a fair return; Provide consumers with a choice of fresh, quality produce and other agricultural goods in settings that allow them to interact with the people who grow the food they eat and make the products, and to thereby foster stronger connections between growers, producers and consumers; Help create a sense of community in the neighborhoods where the markets are held; Help preserve rural communities and farmland by fostering sustainable small-scale agriculture; Help create a demand for urban farming products and produce; Help support the development of economically sustainable families and communities; and Serve as a practical and accessible medium for mobilization around nutrition, economic and environmental sustainability, healthy communities, and agricultural, small businesses.
What it reported doing in 2025
Developed the SNAP/EBT Program (Green for Greens) which doubles the weekly food budget for recipients of SNAP to use for food purchases with vendors at the market. The market doubled the food budget of 1000+ families and helped support 60+ local growers and food producers.
Operating model
- Revenue model
- Donor-supported. 63% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - 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 a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 84
- Accountability: 40
- Sustainability: 56
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.9%; rating input score 63
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 10th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 19th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 37.2%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 1.22; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 18%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 14.7% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 31.7% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 62.9% of revenue deployed · 100% of spending went to programs
- Governance: 2 of 4 board members independent · 2 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $204K in reported program spending
- Leadership: top reported pay $37K · 4 people listed
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 3 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Review — Accountability: Independent voting board scored 50/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 20/100.