Mid-Market Foundation

Tax-deductible

San Francisco, CA501(c)(3)Since 2020Community DevelopmentEIN 85-0892059

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The purposes of the Corporation are charitable and educational, each within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986 (or any corresponding provision(s) of any future United States internal revenue law) and Section 23701d of the California Revenue and Taxation Code (or any corresponding provision(s) of any future California internal revenue law). In the context of these general purposes, the Corporation shall improve the conditions of the public realm of the greater Mid-Market area in San Francisco, CA, and to provide assistance to the poor and disadvantaged in that community.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average deficit $451K a year · 2% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7.6M
101% of total assets
Concern: liabilities are 101% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$26.7M
+18% vs prior year
Spent
$30.8M
To programs
96%
Net assets
−$72K
By yearFY2021–FY2024
Revenue
$26.7M
FY2024▲ +18%
Revenue by fiscal year
FY2021$4.8M
FY2022$22.5M
FY2023$22.5M
FY2024$26.7M
Expenses
$30.8M
FY2024▲ +42%
Expenses by fiscal year
FY2021$3.8M
FY2022$21.9M
FY2023$21.7M
FY2024$30.8M
Net assets
−$72K
FY2024▼ -103%
Net assets by fiscal year
FY2021$983K
FY2022$1.5M
FY2023$2.4M
FY2024−$72K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $29.6M Management & general 4% · $1.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Mid-Market Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves public spaces and assists the poor and disadvantaged in San Francisco's Mid-Market area.

Provided by the organization

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1 program · $29.6M · in their own filed words · FY2024
01

Community Based Safety Program Continued to provide administration and management to the Community Based Safety Program. Through subcontractor, Urban Alchemy, the organization provided over 200 ambassadors per day to improve the quality of life on 80 block faces from 7:00am to 7:00pm, 7 days a week.Market Street Arts ProgramInvested in…

$29.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Sf New DealFY2024$20K
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$26.7M
Ln 12
Gifts and grantsLn 1h$23.4M
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$461
Money outPt IX
$30.8M
Ln 25
Programscol B$29.6M
Managementcol C$1.3M
Owns and owesPt X
−$72K
net assets · Ln 32
Cash and savingsLn 1–2$205K
Total assetsLn 16$7.5M
LiabilitiesLn 26$7.6M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23.4M
Government grantsLn 1e$22.4M
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$461
Gains on assetsLn 7$0
Total revenueLn 12$26.7M
Assets in detailPt X, end of year
CashLn 1$205K
SavingsLn 2$0
Cash and savings togetherLn 1–2$205K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$7.5M
LiabilitiesLn 26$7.6M
Net assetsLn 32−$72K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.6M$205K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$3.4M$7.5M
LiabilitiesLn 26$1.1M$7.6M
Net assetsLn 32$2.4M−$72K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$34K$34K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$29.9M$29.0M$978K
Advertising and promotionLn 12$0
Office expensesLn 13$45K$12K$33K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$800K$615K$185K
TravelLn 17$11K$11K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$5K$5K
All other expensesLn 24e$0
Total functional expensesLn 25$30.8M$29.6M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $26.7M$30.8M−$4.2M−$72K 990 PDF
FY2023 $22.5M$21.7M$824K$2.4M 990 PDF
FY2022 $22.5M$21.9M$556K$1.5M 990 PDF
FY2021 $4.8M$3.8M$985K$983K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $26,681,193 across 10 lines filed
VIII-1e Government grants$22,351,250
VIII-1f All other contributions, gifts and grants$1,007,045
VIII-1h Total contributions, gifts and grants$23,358,295
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,322,437$3,322,437
VIII-3 Investment incomeExcluded from tax $461$461
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $3,322,437 · Excluded from tax $461$26,681,193
Part IX · Statement of functional expenses $30,849,799 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $13,560$13,560
IX-11c Accounting feesManagement $34,405$34,405
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $28,962,307 · Management $978,079$29,940,386
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $12,396 · Management $33,049$45,445
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $614,795 · Management $185,182$799,977
IX-17 TravelManagement $10,728$10,728
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $5,298$5,298
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $29,589,498 · Management $1,260,301 · Fundraising $0$30,849,799
Part X · Balance sheet $7,540,093 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $1,562,902$205,128
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $1,882,111$7,334,965
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $926$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $3,445,939$7,540,093
X-17 Accounts payable and accrued expensesStart of year $1,082,560$5,112,469
X-19 Deferred revenue$2,500,000
X-26 Total liabilitiesStart of year $1,082,560$7,612,469
X-27 Net assets without donor restrictionsStart of year $1,406,212−$72,376
X-32 Total net assets or fund balancesStart of year $2,363,379−$72,376
X-33 Total liabilities and net assetsStart of year $3,445,939$7,540,093
Part XI · Reconciliation of net assets −$72,376 net assets at year end
XI-1 Total revenue$26,681,193
XI-2 Total expenses$30,849,799
XI-3 Revenue less expenses−$4,168,606
XI-4 Net assets at start of year$2,363,379
XI-8 Prior period adjustments$1,732,851
XI-10 Net assets at end of year−$72,376

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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