Marketplace Ministries Foundation
- Assets
- $10.0m
- Revenue
- $14.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 75-2749629
Organization Overview
Marketplace Ministries Foundation is located in Plano, TX. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marketplace Ministries Foundation 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, Marketplace Ministries Foundation generated $14.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (40.8%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. 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
PROVIDE SUPPORT FOR MARKETPLACE MINISTRIES, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT MARKETPLACE MINISTRIES, INC., A RELATED ORGANIZATION.
A PROGRAM TO PROVIDE GRANTS AND SCHOLARSHIPS FOR THE FULL-TIME COLLEGE STUDENT CHILDREN OF THE FULL-TIME STAFF MEMBERS OF MARKETPLACE MINISTRIES, INC., A RELATED ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Brown Mmi President & CEO | OfficerTrustee | 1 | $0 |
Timothy Boobar CFO Start: 5/22 | Officer | 1 | $0 |
Larry King CFO End: 5/22 | Officer | 1 | $0 |
Dick DE Witt Mmi President/ceo, End: 03/22 | OfficerTrustee | 1 | $0 |
Mark Lovvorn Chairman | OfficerTrustee | 1 | $0 |
Ed Bonneau Vice President | OfficerTrustee | 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 | $95,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,750 |
| Total Program Service Revenue | $0 |
| Investment income | $303,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$388,575 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $680,448 |
| Grants and other assistance to domestic individuals. | $69,440 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,477 |
| Fees for services: Other | $194,450 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $182 |
| Total functional expenses | $1,019,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,231 |
| 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 | $15,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,015,466 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,039,697 |
| Accounts payable and accrued expenses | $14,100 |
| 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 | $2,661,970 |
| Total liabilities | $2,676,070 |
| Net assets without donor restrictions | $517,152 |
| Net assets with donor restrictions | $6,846,475 |
| 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 | $10,039,697 |