2012-05-14T12:04:01-05:00 2011-06-30 MARCUM LLP 3 BALA PLAZA EAST 700 BALA CYNWYD PA 19004 990 2010-07-01 232754641 READING TERMINAL MARKET CORPORATION READ 2159222317 12TH AND ARCH STREETS PHILADELPHIA PA 19107 EUGENE LEFEVRE 2159222317 2012-05-14 1 KATHLEEN A LENS 4842702500 2010 2016-02-24 21:20:13Z PAUL STEINKE 12TH AND ARCH STREETS PHILADELPHIA PA 19107 3968148 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. 8 8 8 0 0 0 119143 58497 3630874 3800258 11560 11438 0 58740 3761577 3928933 0 0 0 0 578439 599397 0 0 24431 2865777 3010936 3444216 3610333 317361 318600 2825805 3289837 681242 826674 2144563 2463163 X 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 IN THE CENTER OF THE CITY BY FARMERS, GROWERS, PRODUCERS AND CHEFS; TO MAINTAIN AN ENVIRONMENT THAT RECOGNIZES AND CELEBRATES THE DIVERSITY OF OUR CITIZENS AND FOSTERS THEIR INTERACTION; TO STRENGTHEN THE HISTORIC LINK AND MUTUAL DEPENDENCY OF OUR RURAL AND URBAN COMMUNITIES; AND,TO ACHIEVE THIS, WHILE PRESERVING THE FINANCIAL VIABILITY AND ACHIEVING SELF-SUFFICIENCY FOR THE MARKET. 0 0 3380643 3800258 THE ORGANIZATION WAS CREATED EXCLUSIVELY TO PRESERVE AND MAINTAINTHE HISTORIC CHARACTER AND OVERSEE THE OPERATIONS OF THE READINGTERMINAL MARKET 3380643 1 1 0 0 0 0 0 0 0 1 1 0 1 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 0 1 0 0 1 8 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X TOM MOSOLOVICH 2159222317 12TH AND ARCH STREETS PHILADELPHIA PA 19107 EUGENE LEFEVRE X 0 0 0 BRENT COSSROW X 0 0 0 FRANK DICICCO X 0 0 0 AHMEENAH YOUNG X 0 0 0 ALBERT M MEZZAROBA X 0 0 0 KAREN RANDAL X 0 0 0 JENNIFER RODRIGUEZ X 0 0 0 REBECCA STOLOFF X 0 0 0 PAUL STEINKE 40.00 X 132335 0 7940 132335 0 7940 1 0 0 0 ABM SECURITY COMPANY 1501 CALCON HOOK ROAD DARBY PA 19023 SECURITY 325611 ISS MAINTENANCE-HOUSEKEEPING 2000 BISHOPS GATE BLVD MOUNT LAUREL NJ 08054 HOUSEKEEPING 293205 FRIDAY ARCHITECTS 26 SOUTH 20TH STREET PHILADELPHIA PA 19103 ARCHITECTS 164248 ENVIRONMENTAL WASTE TRASH HAULER 221 N OLIVE ST MEDIA PA 19063 TRASH REMOVAL 147138 4 58497 58497 OPERATIONS MANAGEMENT 531390 3800258 3800258 3800258 11438 11438 97955 39215 58740 58740 3928933 3800258 0 70178 476465 409760 47647 19058 87676 75401 8768 3507 35256 30321 3525 1410 53921 53921 20900 20900 2395 2395 298705 298705 26471 26471 3916 3720 196 4964 4716 248 940 893 47 7908 7908 199775 189786 9989 134333 127088 7010 235 CONTRACT SERVICES 952767 905129 47638 UTILITIES 867250 823888 43362 MATERIALS AND SUPPLIES 153836 146144 7692 REAL ESTATE TAXES 83103 78948 4155 CUSTOMER PARKING PROGRA 67094 67094 132658 128355 4082 221 3610333 3380643 205259 24431 613794 528856 196269 168446 53791 57608 2890875 1741195 1159858 1149680 793101 985108 8992 400139 2825805 3289837 231411 250278 196551 392312 253280 184084 681242 826674 X 2144563 2463163 2144563 2463163 2825805 3289837 318600 0 X X 0 1 1 X 0 X 48290 55950 111525 119143 58497 393405 3181331 3373801 3440919 3630874 3800258 17427183 3229621 3429751 3552444 3750017 3858755 17820588 0 0 0 17820588 42525 47968 19756 11560 11438 133247 42525 47968 19756 11560 11438 133247 3272146 3477719 3572200 3761577 3870193 17953835 0.99260 0.99090 0.00740 0.00910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2554270 1503096 1051174 231396 157241 74155 105209 80858 24351 1149680 MONEY MARKET AND CERTIFICATES OF DEPOSIT 985108 F 985108 CONSTRUCTION IN PROGRESS 386425 LOAN ORGINATION FEE, NET 13714 400139 TENANTS' SECURITY DEPOSIT 140566 GIFT CERTIFICATE PROGRAM 43518 184084 3928933 3610333 318600 0 318600 3928933 0 3928933 0 3928933 3610333 0 3610333 0 3610333 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2011, THERE ARE NO UNCERTAIN POSITIONS 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 2008. MANAGEMENT DOES NOT BELIEVE THERE IS ANY UNRELATED BUSINESS INCOME. VALENTINES DAY FUNDRAISING EVENT 97955 0 97955 0 0 0 0 11197 28018 97955 97955 11197 28018 39215 58740 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 COMPENSATION FOR ALL EMPLOYEES, INCLUDED THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AS PART OF THE BUDGETING PROCESS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL EMPLOYEES, INCLUDED 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.