The Bottom Rung Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Mooresville, NC
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 45-2428094
Organization Overview
The Bottom Rung Inc, operating under the name The Marketplace, is located in Mooresville, NC. The organization was established in 2011. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marketplace 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 12/2023, Marketplace generated $28.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.8%) each year. All expenses for the organization totaled $97.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
WE WERE ABLE TO GRANT 25 MICROLOANS IN UGANDA WITH THE WOMEN OF PADAR UGANDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marisa Sellman Executive Director | 40 | $41,492 | |
Michael Myrick Board Member | 1 | $0 | |
Scott Mann Board Member | 1 | $0 | |
Becky Mann Treasurer | 1 | $0 | |
Louis Sellman Vice President | 4 | $0 | |
Cori Harwell Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,514 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $28,882 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,666 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $12,006 |
| Printing, publications, postage, and shipping | $6,530 |
| Other expenses | $34,680 |
| Total expenses | $97,882 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |