NonprofitsFederal Way Public Market

Community Improvement & Capacity Building

Federal Way Public Market

FEDERAL WAY, WA

Total revenue

$35K

Total expenses

$47K

Net assets

$4K

Grants received

$41K

2 grants

EIN

862626608

Tax year

2024

Mission

Development of a year-round public market that would serve as a community hub to help community emerge as a more vibrant and economically viable place to live, work, and play.

Programs

1 program

Began Feasibility Study. In October 2023, we discussed with Aaron Zaretsky, internationally recognized expert in public markets, our ideas to establish a public market in Federal Way. Aaron had served as the Director of Seattle's Pike Place Market for 15 years after it was saved from development in the late 1970s. Aaron brought with him his business partner, Mark Ernst, who designed Bellevue's Downtown Park early in his career. Throughout 2024, Federal Way Public Market (FWPM) engaged with Aaron and did Pre-Feasibility Analysis, including early site analysis, potential costs, connections to pedestrian walkways, transit and parking. FWPM contracted with Aaron and the actual Feasibility Study began near the end of the year, evaluating demographics and economics, examining existing retailers, determining missing market segments, identifying challenges, and appraising long term viability.

Expenses: $10K

Financials

FY 2024

Revenue

Contributions & grants$35K
Program service revenue
Investment income
Other revenue
Total revenue$35K

Expenses

Grants paid
Salaries & benefits
Fundraising$5K
Other expenses$43K
Total expenses$47K
Total assets$4K
Net assets$4K

People

5 listed

NameRoleCompensation

Gregory J McCann

President

Board

22 hrs/wk

David Harrelson

Secretary

Board

24 hrs/wk

AnnMichelle Hart

Foundation Mgr.

Board

19 hrs/wk

Nicole Cuthbertson

Treasurer

Board

18 hrs/wk

Ron Walker

Trustee

Board

18 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$19K
IN FURTHERANCE OF THE FISCAL SPONSORSHIP PROGRAM
2023
$21K
ACTING AS A BUSINESS INCUBATOR TO TRAIN, MENTOR AND FINANCIALLY SUPPORT UNDER-RESOURCED ENTREPRENEURS TO LAUNCH NEW BUSINESSES WITHIN THE FEDERAL WAY PUBLIC MARKET
2022

Funded by

$41K from 1 funder · 2 grants · 2022–2023

Fiscal Sponsorship Allies Inc

$41K · 2 grants · 2022–2023

Details

EIN862626608
NTEE codeS20
Subsection03
Ruling date2024-12
Formed2021
Employees0
FEDERAL WAY PUBLIC MARKET — Mission, Financials & Grants Received | Grantivo