Owego Marketplace Inc
Owego Marketplace Inc is a nonprofit organization based in Owego, New York, and is registered as a 501(c)(3) entity. The organization focuses on activities related to community improvement, capacity building, and economic development. Donations made to Owego Marketplace Inc are tax-deductible.
Purpose and Activities
The primary goal of Owego Marketplace Inc is to enhance community development through various events and initiatives. It organizes several events annually to foster engagement between local businesses and the community. Some notable events include the Owego Strawberry Festival, Owego Porchfest, Halloween Fest, Holiday Showcase, and Lights on the River. These events contribute to the local economy by promoting local entertainment, vendors, and community interaction.
Governance and Membership
Owego Marketplace Inc is governed by a set of established bylaws, an elected Board of Directors, and a governing membership structure. Membership is available to those interested in supporting the organization's mission and activities.
Financial Overview
According to recent financial reports, the organization's revenue is primarily derived from contributions and program services. In recent years, contributions have made up a significant portion of total revenue, while program services have contributed a substantial remainder. The organization maintains no liabilities, indicating effective financial management.
Leadership
Historically, leadership roles within the organization have included positions such as President, Vice President, Secretary, and Treasurer. There is no reported compensation for the key employees or officers, indicating that the organization operates with volunteer leadership or modestly compensated roles.
Legal Status
As a 501(c)(3) nonprofit, Owego Marketplace Inc meets the requirements for tax-exempt status under U.S. law. This status allows donors to deduct their contributions from taxable income, supporting the organization's mission to enhance local community life through cultural and economic activities.
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owego.org
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