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Market Van Buren EIN 84-3582323

Market Van Buren

EIN  84-3582323 Public charity (501(c)(3)) Benton Harbor, MI Founded 2019
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Size
$100K–1M
What they do
Improves Van Buren County's quality of life and economy by connecting people, investments, and organizations.
Leadership
Josh Cosner · Cio-Kinexus Group
Money in and out
$919K revenue, $891K expenses
Bottom line
98% program efficiency

Improves Van Buren County's quality of life and economy by connecting people, investments, and organizations. For fiscal year 2024 it reported $919K in revenue, $891K in expenses, and $343K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$919K
Pt VIII · Ln 12
Total expenses
$891K
Pt IX · Ln 25
Net assets
$343K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $28K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs0% vs prior filing year
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate▼ -73% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▲ +835% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$919K
FY2024▲ +56%
Expenses
$891K
FY2024▲ +50%
Total assets
$521K
FY2024▼ -25%
Total liabilities
$178K
FY2024▼ -53%
Total revenue
$919K
Pt VIII · Ln 12
Total expenses
$891K
Pt IX · Ln 25
Net assets
$343K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$28K
Total assetsPt X · Ln 16$521K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

1 program service account for $873K of program spending, described in the organization's own filed words · FY2024.
01

Market van buren is working to create a sustainable and resilient economy in van buren county and cass county. The staff work with business and community leaders, along with elected officials, to find solutions to problems facing the municipalities or businesses.

$873Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMarket Van Buren
EINHdr · item D84-3582323
Principal addressHdr · item CBenton Harbor, MI
WebsiteHdr · item Jwww.marketvanburen.org
Year of formationHdr · item L2019
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFMar 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Josh Cosner
Cio-Kinexus Group
$0Pt VII · Sec A
Randy Peat
Board Member
$0Pt VII · Sec A
Arnie Redsicker
Board Member
$0Pt VII · Sec A
Tom Stanek
Board Member
$0Pt VII · Sec A
Donald Stull
Board Member
$0Pt VII · Sec A
Carrie Troyer
Board Member
$0Pt VII · Sec A
Paul Schincarol
Board Member
$0Pt VII · Sec A
Derek Nofz
Board Member
$0Pt VII · Sec A

Zachary Morris’s $97K as Executive Di is at the 71st percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Zachary Morris$97,105$96,059$87,476$87,100

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$917K
Investment income$2K
— government grantsLn 1e$676K
Total revenueLn 12$919K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$873K
Management & general2%$18K
Total functional expensesLn 25$891K

Balance Sheet

Part X · end of year
CashLn 1$180K
Total assetsLn 16$521K
Total liabilitiesLn 26$178K
Total net assetsLn 32$343K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $180K · Operating expenses/yr $891K
2.4 months
Where the money goes
Program services
Program services $873K · Total expenses $891K
98%
Management & General
Management & general $18K · Total expenses $891K
2%
Fundraising
Fundraising $0 · Total expenses $891K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $312K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $917K · Total revenue $919K
100%
Government reliance
Government grants $676K · Total revenue $919K
74%
Earned-income share
Program service revenue $0 · Total revenue $919K
0%
Investment reliance
Investment income $2K · Total revenue $919K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $891K
0%
Growth & trend
Revenue growth (YoY)
This year $919K · Prior year $591K
+56%
Revenue CAGR
FY2019 $295K · FY2024 $919K
+26%
Net-asset trend (YoY)
End of year $343K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $919K · Expenses $891K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $521K
—
Net-asset ratio
Net assets $343K · Total assets $521K
66%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $521K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Josh Cosner · Reported title CIO-KINEXUS GROUP · Highest reported compensation $0 · Total expenses $891K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $425K · Total expenses $891K
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%——
Overhead ratio 2%——
Revenue growth 56%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Southwest Michigan First CorporationFY2025$11K
Total grants receivedfrom 1 funder$11K
Grants paid · 3 grants · $111K · 2019–2024
Land Use USA LLCFY2024$28,650
Land Use USA LLCFY2023$71,350
Antero GroupFY2019$11,305

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$591K revenue · ⤓ 990 PDF
FY2023$514K revenue · ⤓ 990 PDF
FY2022$421K revenue · ⤓ 990 PDF
FY2021$232K revenue · ⤓ 990 PDF
FY2020$295K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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