2016-02-12T07:32:12-06:00 2015-06-30 111986323 MARCUM LLP 3 BALA PLAZA EAST 700 BALA CYNWYD PA 19004 990 2014-07-01 232754641 READING TERMINAL MARKET CORPORATION READ 2159222317 12TH AND ARCH STREETS PHILADELPHIA PA 19107 EUGENE LEFEVRE TREASURER 2159222317 2016-02-12 1 KATHLEEN A LENS P00841626 4842702500 2014 2016-08-17 19:52:53Z EUGENE LEFEVRE 12TH AND ARCH STREETS PHILADELPHIA PA 19107 4712828 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 34 0 0 0 374438 38523 4464069 4553132 4942 6195 72442 74665 4915891 4672515 0 0 0 0 753477 1145276 0 0 69267 3748563 3554561 4502040 4699837 413851 -27322 6335155 6212756 3233448 3138371 3101707 3074385 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 4136693 4553132 THE ORGANIZATION WAS CREATED EXCLUSIVELY TO PRESERVE AND MAINTAINTHE HISTORIC CHARACTER AND OVERSEE THE OPERATIONS OF THE READINGTERMINAL MARKET. 4136693 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 34 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 X HONORABLE MARK SQUILLA DIRECTOR 0.00 X 0 0 0 BRENT A COSSROW DIRECTOR AND VICE-CHAIRMAN 0.00 X 0 0 0 AHMEENAH YOUNG DIRECTOR AT LARGE 0.00 X 0 0 0 EUGENE LEFEVRE DIRECTOR AND TREASURER 0.00 X 0 0 0 ALBERT M MEZZAROBA DIRECTOR AND CHAIRMAN 0.00 X 0 0 0 JENNIFER I RODRIGUEZ DIRECTOR AT LARGE 0.00 X 0 0 0 RUSSELL MEDDIN DIRECTOR 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 PAUL STEINKE GENERAL MANAGER 40.00 X 138057 0 11057 138057 0 11057 1 0 0 0 ABM SECURITY COMPANY 50 W POWHATTAN AVE SUITE D ESSINGTON PA 19029 SECURITY 360207 GOLD METAL ENVIRONMENTAL 1770 HURFFVILLE RD SEWELL NJ 08080 TRASH COLLECTION 177032 ELLIOT LEWIS 2900 BLACK LAKE PLACE PHILADELPHIA PA 19104 HVAC SERVICES 112285 PARKWAY CORPORATION 150 N BROAD STREET PHILADELPHIA PA 19107 PARKING 100017 4 33000 5523 38523 OPERATIONS MANAGEMENT 531390 4553132 4553132 4553132 6195 6195 114978 33000 40313 74665 74665 4672515 4553132 0 80860 952428 628437 267358 56633 25914 17099 7274 1541 91225 60193 25608 5424 75709 49955 21252 4502 37108 37108 30000 30000 5603 5323 280 347836 347836 36713 36713 8528 8102 426 3731 3544 187 10189 9680 509 123083 123083 482230 458118 24112 157409 144877 11577 955 FACILITIES 1065597 1012317 53280 UTILITIES 941458 894385 47073 CUSTOMER PARKING PROGRA 100017 100017 PROGRAM EXPENSES 81504 81504 123555 118402 4941 212 4699837 4136693 493877 69267 1122777 1026254 250391 220979 70946 69302 7179403 3378271 4097889 3801132 761901 1066619 31251 28470 6335155 6212756 311934 380800 2694317 2506953 227197 250618 3233448 3138371 X 2877529 2951690 224178 122695 3101707 3074385 6335155 6212756 -27322 0 X 0 1 X 1 0 X 58497 115342 34685 374438 38523 621485 3800258 3862528 4171839 4574334 4627797 21036756 3858755 3977870 4206524 4948772 4666320 21658241 0 106777 106777 106777 106777 21551464 11438 6863 4284 4942 6195 33722 11438 6863 4284 4942 6195 33722 3870193 3984733 4210808 4953714 4672515 21691963 0.99350 0.99300 0.00160 0.00190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6774214 3062052 3712162 405189 316219 88970 3801132 CERTIFICATES OF DEPOSIT 1066619 F 1066619 TENANTS' SECUIRTY DEPOSIT 154115 GIFT CERTIFICATE PROGRAM 96503 250618 X 4672515 0 4672515 0 4672515 4699837 0 4699837 0 4699837 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, 2015, 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 2012. MANAGEMENT DOES NOT BELIEVE THERE IS ANY UNRELATED BUSINESS INCOME. VALENTINE TO THE MARKET 147978 33000 114978 40313 147978 33000 114978 40313 40313 74665 FORM 990, PART VI, SECTION B, LINE 11 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. FORM 990, PART VI, SECTION B, LINE 13: THE ORGANIZATION DID NOT HAVE A WRITTEN WHISTLEBLOWER POLICY DURING THE FISCAL YEAR, BUT HAS PREPARED A WRITTEN WHISTLEBLOWER POLICY AND PUT IT IN PLACE BY THE FILING OF THIS TAX RETURN. FORM 990, PART VI, SECTION B, LINE 14: THE ORGANIZATION DID NOT HAVE A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY DURING THE FISCAL YEAR, BUT HAS PREPARED A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY AND PUT IT IN PLACE BY THE FILING OF THIS TAX RETURN.