Marketplace Of Ideas-Marketplace For Kids Inc
- Assets
- $71.2k
- Revenue
- $252.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Mantador, ND
- Founding
- 12/2001
- Data as of
- 06/2024
- EIN
- 45-0461899
Organization Overview
Marketplace Of Ideas-Marketplace For Kids Inc is located in Mantador, ND. The organization was established in 2001. According to its NTEE Classification (K02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2024, Marketplace Of Ideas-Marketplace For Kids Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marketplace Of Ideas-Marketplace For Kids Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Marketplace Of Ideas-Marketplace For Kids Inc generated $252.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $263.7k during the year ending 06/2024. While expenses have increased by 2.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE YOUTH TO EXPLORE ENTREPRENEURSHIP AND SELF-EMPLOYMENT THROUGH THE RECOGNITION AND DEVELOPMENT OF THEIR INVENTIVE CREATIVE THINKING AND PROBLEM SOLVING SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES ENTREPRENEURIAL EDUCATION TO STUDENTS IN GRADES THREE TO EIGHT, WRITES AND MAINTAINS CURRICUUM AND PROVIDSES TECHNICAL SUPPORT AND TUTORIALS TO THE EDUCATION COMMUNITY YOUTH ORGANIZATIONS AND HOME SCHOOL FAMILIES. CONTINUING EDUCATION CREDIT IS OFFERED. THE PROJECT LEARNING GUIDE I AVAILABLE FREE OF CHARGE ONLINE. MARKETPLACE ORGANIZES EDUCATIONAL DAYS DURING THEIR FISCAL YEAR WITH THOUSANDS OF PARTICIPANTS. A COMPEITIVE EVENT FOR THE STUDENTS INTERESTING IN TAKING THEIR PROJECT TO THE NEXT LEVEL. CLASSES AND ACTIVITIES ARE DESIGNED TO HELP STUDENTS DISCOVER ENTREPRENEURSHIP, EXPLOYE CAREER OPPERTUNITIES, NEW TECHNOLOGY AND DEVELOP SELF-EMPLOYMENT, FINANCAL LITERACY AND LEADERSHIP SKILLS, STUDENTS CREATE A BUSINESS, INVENT A TECHNOLOGY PROJECT AND PRESENT THEIR MODEL AT THE REGIONAL EDUCATION DAYS VOLUNTEERS ARE UTILIZED FOR THE MARKETPLACE FOR KIDS PROGRAM MODEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert L Heitkamp Executive Director | Trustee | 40 | $59,998 |
Marijke Leibel Board Member | OfficerTrustee | 1 | $0 |
Michael S Hanson Board Member | OfficerTrustee | 1 | $0 |
Richard Osman Board Member | OfficerTrustee | 1 | $0 |
Larry Brooks Board Member | OfficerTrustee | 1 | $0 |
Jeni Peterson Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $220,267 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,721 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,988 |
| Total Program Service Revenue | $0 |
| Investment income | $593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $252,581 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,231 |
| Compensation of current officers, directors, key employees. | $19,647 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $731 |
| Advertising and promotion | $11,080 |
| Office expenses | $7,909 |
| Information technology | $125 |
| Royalties | $0 |
| Occupancy | $37,521 |
| Travel | $25,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,573 |
| All other expenses | $18,604 |
| Total functional expenses | $263,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,316 |
| Savings and temporary cash investments | $60,870 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $71,186 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $71,186 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $71,186 |