Overview
What is The Bottom Rung Inc?
The Bottom Rung Inc is a nonprofit organization, rooted in Christian values, situated in partnership with 100 ministries across 30 nations. Their primary mission is to foster empowerment and provide employment opportunities, serving as a platform for individuals in these countries. Simultaneously, they utilize this platform to spread the Gospel. Their activities revolve around promoting fair trade, offering a unique and ethical shopping experience for their patrons while positively impacting numerous communities worldwide.
Official website here: www.themarketplacenc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (57%)
The Bottom Rung Inc has received a 1-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its financial health and transparency. The organization has a total score of 57%, primarily impacted by its low program expense ratio of 9.67%, which suggests that a minimal portion of its budget is allocated towards its programs. Additionally, the organization has a liabilities to assets ratio of 5.44%, also resulting in a score of 0 out of 15 points in this category, raising concerns about its financial stability.
Despite these financial issues, The Bottom Rung Inc demonstrates strengths in governance practices. The organization boasts a fully independent board with 100% independent members, scoring the maximum points in that area. Furthermore, it has implemented several essential policies such as conflict of interest and whistleblower policies, which are listed on its website, reflecting a commitment to ethical practices in governance.
However, the charity falls short in providing accessible financial documents, as its tax form is not available on its website, leading to a score of 0 out of 3 points for document transparency. This lack of financial accessibility, combined with its overall low program expense ratio, indicates that potential donors should exercise caution and seek further information on how their contributions will be utilized.
This AI summary has been generated from information found on Charity Navigator.
Is The Bottom Rung Inc legitimate?
The Bottom Rung Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bottom Rung Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Official website here: www.themarketplacenc.com
What is the mission statement of The Bottom Rung Inc?
The Bottom Rung Inc, a Christian fair trade organization, partners with 100 ministries in 30 countries to empower individuals through employment. This mission is coupled with the goal of spreading the Gospel. By establishing partnerships globally, The Bottom Rung Inc aims to positively impact lives and share a religious message. The organization's activities revolve around creating employment opportunities and promoting its faith.
Official website here: www.themarketplacenc.com
Who is the CEO of The Bottom Rung Inc?
Marisa Sellman is the Executive Director of The Bottom Rung Inc.
Official website here: www.themarketplacenc.com
What is the revenue of The Bottom Rung Inc?
The Bottom Rung Inc's revenue in 2022 was $49,189.
Official website here: www.themarketplacenc.com
Who are the executives of The Bottom Rung Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $51,067
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.themarketplacenc.com
Where can I find the form 990EZ for The Bottom Rung Inc?
The Bottom Rung Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.themarketplacenc.com
Learn more at the official website: www.themarketplacenc.com
Mission Statement of The Bottom Rung Inc
The Bottom Rung Inc, as a Christian organization, is dedicated to a mission that encompasses both employment and spiritual outreach. Partnering with over 100 ministries in 30 different countries, this nonprofit seeks to empower individuals through employment opportunities. By doing so, The Bottom Rung Inc not only provides a means of financial stability but also serves as a platform to share the Gospel. The organization's mission is deeply rooted in the belief that employment can be a powerful tool for transformation, both personally and spiritually.
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Impact
August, 2024
The Bottom Rung Inc's impact lies in empowering individuals across 30 countries through employment opportunities while also sharing the Gospel. By partnering with 100 ministries, this Christian fair trade store is making a tangible difference in the lives of many people globally.
This information is meant to be a general summary of The Bottom Rung Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $88,695
Assets and Liabilities:
- Total Assets: $72,626
- Total Liabilities: $0
- Net Assets: $72,626
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Organization Details
Phone
(704) 201-0481Principal Officer
Marisa Sellman
Main Address
196 Tetcott St, Mooresville, NC, 28115
Website
www.themarketplacenc.comNTEE Category
Code: Q32 - International
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