Marketplace Ministries Inc
- Assets
- $6.0m
- Revenue
- $19.5m
- Investments
- $0.0
- Employees
- 1,954
- Location
- Plano, TX
- Founding
- 12/1984
- Data as of
- 12/2020
- EIN
- 75-1977793
Organization Overview
Marketplace Ministries Inc, operating under the name Railroad Chaplains Marketplace Chap, is located in Plano, TX. The organization was established in 1984. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Railroad Chaplains Marketplace Chap employed 1,954 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Railroad Chaplains Marketplace Chap 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 12/2020, Railroad Chaplains Marketplace Chap generated $19.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $18.6m during the year ending 12/2020. While expenses have increased by 3.0% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHAPLAIN SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROXIMATELY 1,855 CHAPLAINS PROVIDED CHAPLAIN AND EMPLOYEE CARE SERVICES TO 1,246 COMPANIES AT 5,119 LOCATIONS REPRESENTING OVER 314,308 COMPANY EMPLOYEES. THE APPROXIMATE NUMBER OF EMPLOYEES AND FAMILY MEMBERS UNDER AN UMBRELLA OF COMPASSION IS OVER 1.18 MILLION PEOPLE MINISTERED TO THROUGH OUR CHAPLAIN CARE SERVICE WHICH IS 24/7 NATIONWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Brown Chief Marketing Officer | 40 | $137,895 | |
Larry King CFO | Officer | 40 | $133,278 |
Dick DE Witt President/ceo Start: 4/21 | Officer | 40 | $109,260 |
Gary Ellis Cio | Officer | 40 | $87,641 |
Doug Fagerstrom Dir/exec. Pres./ceo End: 4/21 | Officer | 40 | $70,992 |
Heather Yarbrough Director Of Hr | Officer | 40 | $56,425 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $430,904 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $233,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $664,574 |
| Total Program Service Revenue | $18,812,065 |
| Investment income | $27,763 |
| 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 | $19,506,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,868 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $375,338 |
| Compensation of current officers, directors, key employees. | $195,371 |
| Compensation to disqualified persons | $240,107 |
| Other salaries and wages | $13,070,894 |
| Pension plan accruals and contributions | $434,414 |
| Other employee benefits | $608,259 |
| Payroll taxes | $410,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,208 |
| Fees for services: Accounting | $38,072 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,141 |
| Advertising and promotion | $16,371 |
| Office expenses | $302,280 |
| Information technology | $174,411 |
| Royalties | $0 |
| Occupancy | $251,162 |
| Travel | $1,486,062 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,153 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $385,284 |
| Insurance | $92,086 |
| All other expenses | $29,888 |
| Total functional expenses | $18,634,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $595,473 |
| Savings and temporary cash investments | $1,117,793 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $817,763 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,150 |
| Prepaid expenses and deferred charges | $86,810 |
| Net Land, buildings, and equipment | $1,035,640 |
| Investments—publicly traded securities | $2,329,150 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,987,779 |
| Accounts payable and accrued expenses | $1,297,688 |
| Grants payable | $0 |
| Deferred revenue | $69,308 |
| 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 | $285,706 |
| Total liabilities | $1,652,702 |
| Net assets without donor restrictions | $3,760,874 |
| Net assets with donor restrictions | $574,203 |
| 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 | $5,987,779 |
Grants Awarded
Over the last fiscal year, Marketplace Ministries Inc has awarded $140,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Plano, TX PURPOSE: Fund endowments | $100,000 |
Dallas, TX PURPOSE: Support operations | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Marketplace Ministries Inc has recieved totaling $63,596.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $53,400 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $7,196 |
Boyd And Joan Kelley Charitable Foundation Wichita Falls, TX PURPOSE: OPERATIONS | $3,000 |
Endowment Analysis
| Beg. Balance | $8,564,925 |
| Earnings | $677,553 |
| Net Contributions | $65,620 |
| Other Expense | $18,452 |
| Ending Balance | $9,289,646 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Missionary Clearinghouse Inc Houston, TX | $6,419,067 | $44,656,736 |
Parish Episcopal School Dallas, TX | $99,531,938 | $38,441,453 |
Omega Charitable Developers Inc Houston, TX | $6,275,678 | $33,763,984 |
Rightnow Ministries International McKinney, TX | $45,408,215 | $33,884,225 |
Newman International Academy Arlington, TX | $46,580,877 | $32,428,105 |
Pine Cove Inc Tyler, TX | $43,410,564 | $33,919,246 |
Interfaith Ministries For Greater Houston Houston, TX | $17,611,753 | $29,868,273 |
Bible Study Fellowship San Antonio, TX | $20,886,435 | $27,831,196 |
Hosanna Albuquerque, NM | $66,066,591 | $27,487,086 |
Apartment Life Inc Bedford, TX | $5,807,926 | $23,558,847 |
Liberty Educational Ministries Inc Argyle, TX | $56,879,806 | $25,424,585 |
Commission To Every Nation Inc Kerrville, TX | $8,156,015 | $22,196,703 |