2017-11-29T08:12:18-06:00 2017-06-30 111986323 Marcum LLP 1600 Market Street 32nd Floor Philadelphia PA 19103 990 2016-07-01 232754641 Reading Terminal Market Corporation READ 2159222317 12th and Arch Streets Philadelphia PA 19107 Eugene Lefevre Treasurer 2159222317 2017-11-07 1 KATHLEEN A LENS P00841626 2152972100 47.19.127.190 2017-11-07 09:53:43 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 24169C422DEAFF8C8CD23D5B872C0BC7D996F1F2 2016 2017-02-10 21:41:12Z Eugene Lefevre 12th and Arch Streets Philadelphia PA 19107 5104835 0 X www.readingterminalmarket.org X 1995 PA The Organization was created exclusively to preserve and maintain the historic character and oversee the operations of the Reading Terminal Market. 9 9 44 0 0 0 312264 76000 4676714 4852778 7762 5290 90628 104550 5087368 5038618 0 0 0 0 1145859 1273822 0 0 58465 3626096 3607474 4771955 4881296 315413 157322 7548117 7490925 4158319 3943805 3389798 3547120 TO PRESERVE THE ARCHITECTURAL AND HISTORICAL CHARACTER, AND FUNCTION, OF THE READING TERMINAL MARKET AS AN URBAN FARMERS' MARKET. TO PROVIDE A WIDE VARIETY OF PRODUCE, MEAT, FISH, BAKERY AND DAIRY PRODUCTS, AND OTHER RAW AND PREPARED FOOD, BROUGHT TO A PUBLIC MARKET. 0 0 4541284 4852778 The Organization was created exclusively to preserve and maintainthe historic character and oversee the operations of the ReadingTerminal Market. 4541284 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 44 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X ORGANIZATION 2159222317 12TH AND ARCH STREETS Philadelphia PA 19107 Albert M Mezzaroba Director and Chairman 0.00 X 0 0 0 Dawn summerville Director 0.00 X 0 0 0 John j mcnichol Director 0.00 X 0 0 0 Mark Squilla Director 0.00 X 0 0 0 Russell Meddin Director 0.00 X 0 0 0 Eugene Lefevre Director and Treasurer 0.00 X 0 0 0 Brent A Cossrow Director and Vice-Chairman 0.00 X 0 0 0 Jennifer I Rodriquez Director at Large 0.00 X 0 0 0 Anuj Gupta General Manager 40.00 X 157399 0 1801 157399 0 1801 1 0 1 0 Elliot Lewis 2900 Black Lake Place Philadelphia PA 19104 HVAC Services 349200 Parkway Corporation 150 N broad street philadelphia PA 19107 PArking 216498 Gold Metal Environmental 1770 Hurffville Rd Sewell NJ 08080 trash collection 195670 Allied Universal Security 1100 Valley Brook Ave 201 Lyndhurst NJ 07071 SECURITY 183024 4 60000 16000 76000 OPERATIONS MANAGEMENT 531390 4852778 4852778 4852778 5290 5290 170767 60000 66217 104550 104550 5038618 4852778 0 109840 1038767 899652 92188 46927 40527 35099 3597 1831 105852 91676 9394 4782 88676 76800 7870 4006 23592 23592 27000 27000 6691 6356 335 249612 249612 47748 47748 14260 13550 710 5680 5396 284 10283 9769 514 127760 127760 512546 486919 25627 173680 163593 9332 755 Facilities 1036327 984511 51816 UTILITIES 943920 896724 47196 Program Expenses 143514 143514 customer parking progra 133950 133950 150911 145063 5684 164 4881296 4541284 281547 58465 1725587 1270995 237264 156412 63813 75277 8410871 3893582 4572394 4517289 917072 1470952 31987 0 7548117 7490925 546136 488061 3312854 3093926 299329 361818 4158319 3943805 X 3163946 3448783 225852 98337 3389798 3547120 7548117 7490925 157322 0 X 0 1 X 1 0 X 34685 374438 38523 312264 76000 835910 4171839 4574334 4627797 4767342 4852778 22994090 4206524 4948772 4666320 5079606 4928778 23830000 0 106777 143016 249793 106777 143016 249793 23580207 4284 4942 6195 7762 5290 28473 4284 4942 6195 7762 5290 28473 4210808 4953714 4672515 5087368 4934068 23858473 0.98830 0.98780 0.00120 0.00130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8005058 3519641 4485417 405813 373941 31872 4517289 Certificates of DEPOSIT AND MONEY MARKET 1470952 F 1470952 TENANTS' SECURITY DEPOSIT 157123 GIFT CERTIFICATE PROGRAM 184695 Deferred Rental Income 20000 361818 X 5038618 0 5038618 0 5038618 4881296 0 4881296 0 4881296 Part X, Line 2: THE CORPORATION IS A NONPROFIT ORGANIZATION WHICH IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. INCOME UNRELATED TO THE ORGANIZATION'S EXEMPT PURPOSE WOULD BE SUBJECT TO FEDERAL AND STATE INCOME TAXES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE CORPORATION HAS TAKEN AN UNCERTAIN POSITION THAT IS MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSTIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2017, THERE ARE NO UNCERTAIN POSTIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. READING TERMINAL MARKET IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES READING TERMINAL MARKET IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2014. MANAGEMENT DOES NOT BELIEVE THERE IS ANY UNRELATED BUSINESS INCOME. PARTY FOR THE MARKET 230767 60000 170767 66217 230767 60000 170767 66217 66217 104550 0 0 0 0 0 0 0 0 0 Anuj Gupta General Manager 157399 0 0 0 0 0 0 0 1801 0 159200 0 0 0 Form 990, Part VI, Section B, line 11b A complete copy of the form 990 is provided to the governing board members prior to being filed. Form 990, Part VI, Section B, line 12c Board members confirm no conflict of interest annually. Form 990, Part VI, Section B, line 15 Compensation for all employees, including the executive director is reviewed and approved by the board of directors as part of the budgeting process. Form 990, Part VI, Section C, line 19 A complete copy of the Form 990 is provided to governing Board Members prior to being filed. Board members confirm no conflict of interest annually. Compensation for all employees, including the Executive Director, is reviewed and approved by the Board of Directors as part of the budgeting process. Each of the governing documents and financial statements are available to the public upon request. The financial statements are presented to the Board by the Executive Director and the Engagement Partner. Once satisfied, the Board formally approves the audited financial statements.