Heartisans Marketplace
- Assets
- $1.3m
- Revenue
- $640.8k
- Investments
- $0.0
- Employees
- 13
- Location
- Longview, TX
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 47-1135093
Organization Overview
Heartisans Marketplace is located in Longview, TX. The organization was established in 2014. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2023, Heartisans Marketplace employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartisans 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 12/2022, Heartisans Marketplace generated $640.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $388.0k during the year ending 12/2022. While expenses have increased by 23.1% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A CUSTOMIZED JOB READINESS PROGRAM FOR UNEMPLOYED WOMEN LIVING IN THE LOCAL COMMUNITY SO THEY CAN PROVIDE FOR THEIR FAMILIES' NEEDS AND BE CONTRIBUTING MEMBERS OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOB READINESS PROGRAM - HEARTISAN MARKETPLACE PROVIDES A FAITH-BASED CUSTOMIZED TRAINING FOR WOMEN IN THE LOCAL COMMUNITY SEEKING A FRESH START. THIS PROGRAM ALLOWS WOMEN TO OBTAIN ESSENTIAL LIFE SKILLS SO THEY CAN BECOME EMPOWERED TO SUPPORT THEIR FAMILIES.
CAPITAL CAMPAIGN - HEARTISANS IS BUILDING AN ON-SITE COTTAGE COMMUNITY THAT WILL HAVE 8 TWO AND THREE BEDROOM UNITS. THE HEARTISANS VILLAGE WILL PROVIDE SAFE, AFFORDABLE, TRANSITIONAL HOUSING IN A SUPPORTIVE COMMUNITY ENVIRONMENT FOR UP TO TWO YEARS WHILE PROVIDING CONTINUED LIFE SKILLS, MENTORING, AND COUNSELING FOR HEARTISANS RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julee Rachels CEO | OfficerTrustee | 40 | $0 |
Sarah Ward President | OfficerTrustee | 1 | $0 |
Sidney Allen Director | Trustee | 1 | $0 |
Heidi Archer Director | Trustee | 1 | $0 |
Ebony Allison-Dennis Director | Trustee | 1 | $0 |
Amie Moore Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $413,577 |
| Noncash contributions included in lines 1a–1f | $2,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $413,577 |
| Total Program Service Revenue | $0 |
| Investment income | $760 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$373 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $221,562 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $640,757 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,977 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,062 |
| Office expenses | $9,896 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,557 |
| Travel | $1,814 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,624 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,413 |
| Insurance | $9,837 |
| All other expenses | $38,815 |
| Total functional expenses | $387,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $603,078 |
| Savings and temporary cash investments | $0 |
| 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 | $58,312 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $679,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $400 |
| Total assets | $1,341,048 |
| Accounts payable and accrued expenses | $36,621 |
| 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 | $326,799 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $319 |
| Total liabilities | $363,739 |
| Net assets without donor restrictions | $0 |
| 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 | $977,309 |
| Total liabilities and net assets/fund balances | $1,341,048 |