Overview
What is Marketplace Ministries Foundation Inc?
Marketplace Ministries Foundation Inc, established in Plano, Texas, is a dedicated nonprofit organization that supports Marketplace Ministries, Inc. by providing financial assistance in the form of grants and scholarships for the full-time college-going children of its staff members. Beyond this, the foundation also contributes to the organization through various programs. Its primary mission is to strengthen and uplift Marketplace Ministries, Inc., thereby contributing positively to its operations and impact.
Official website here: www.mchapusa.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Marketplace Ministries Foundation Inc has earned a high level of trust with a 97% rating from Charity Navigator, reflecting excellent accountability and financial health. The rating is based solely on the organization's robust beacon score, which showcases a strong commitment to transparency and effective financial management.
The foundation demonstrates a well-structured governance model, with 85% of its board members being independent, ensuring that decision-making is objective and aligned with the organization's mission. Additionally, the absence of any material diversion of assets underscores the integrity with which the organization operates, while comprehensive policies addressing conflict of interest and whistleblower protections further enhance its credibility.
Financially, the foundation maintains a healthy balance, evidenced by a liability to assets ratio of 26.65% and an impressive program expense ratio of 78.67%. This indicates that a significant portion of its resources is directed towards fulfilling its mission rather than administrative costs, positioning the foundation as a reliable choice for donors looking to support impactful nonprofit work.
This AI summary has been generated from information found on Charity Navigator.
Is Marketplace Ministries Foundation Inc legitimate?
Marketplace Ministries Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marketplace Ministries Foundation Inc submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mchapusa.com
What is the mission statement of Marketplace Ministries Foundation Inc?
The Marketplace Ministries Foundation's mission is centered around supporting Marketplace Ministries, Inc. Specifically, it provides grants and scholarships for the full-time college student children of the organization's staff members. Furthermore, the foundation aims to assist Marketplace Ministries, Inc. through various programs. In essence, its purpose is to help strengthen and empower the related organization.
Official website here: www.mchapusa.com
Who is the CEO of Marketplace Ministries Foundation Inc?
Jason Brown is the Mmi President & Ceo of Marketplace Ministries Foundation Inc. The CEO's salary of Marketplace Ministries Foundation Inc is $0 and their total compensation is $29,503.
Official website here: www.mchapusa.com
What is the revenue of Marketplace Ministries Foundation Inc?
Marketplace Ministries Foundation Inc's revenue in 2022 was $14,666.
Official website here: www.mchapusa.com
Who are the executives of Marketplace Ministries Foundation Inc and what are their salaries?
There 7 volunteers at Marketplace Ministries Foundation Inc.
Here are 10 key members and their salaries (Marketplace Ministries Foundation Inc's CEO's salary is $0 and their total compensation is $29,503):
- Compensation: $0
- Related: $221,467
- Other: $37,571
- Compensation: $0
- Related: $133,032
- Other: $11,551
- Compensation: $0
- Related: $96,827
- Other: $3,018
- Compensation: $0
- Related: $24,057
- Other: $5,446
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mchapusa.com
Where can I find the form 990 for Marketplace Ministries Foundation Inc?
Marketplace Ministries Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mchapusa.com
Learn more at the official website: www.mchapusa.com
Mission Statement of Marketplace Ministries Foundation Inc
Marketplace Ministries Foundation Inc, a supportive organization, is dedicated to aiding Marketplace Ministries, Inc. Its primary mission is to offer grants and scholarships to the full-time college-going children of Marketplace Ministries, Inc.'s staff members. Beyond this, the foundation seeks to strengthen and bolster the related organization through various programs. This philanthropic entity is committed to contributing to the higher education of the children of Marketplace Ministries, Inc.'s team, thereby providing them with valuable opportunities for personal and professional growth. Additionally, the foundation's initiatives aim to reinforce and enhance the overall work of Marketplace Ministries, Inc. in its mission.
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Impact
October, 2024
Marketplace Ministries Foundation Inc has a significant impact by providing essential support to the families of staff members at Marketplace Ministries, Inc. Through grants and scholarships, they empower the children of full-time staff to pursue higher education, alleviating some of the financial burdens associated with college. This initiative not only assists individual students in achieving their academic goals but also enhances the overall morale and well-being of the organization's staff. Moreover, the foundation engages in various programs aimed at bolstering the mission of Marketplace Ministries, Inc., creating a ripple effect of enhanced support and community engagement within the organizations it serves. Based in Plano, TX, the foundation embodies a commitment to philanthropy, strengthening the bonds of community and support within its network.
This information is meant to be a general summary of Marketplace Ministries Foundation 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.
- Investment Income: -$85,520
- Gross Receipts: $8,627,016
Assets and Liabilities:
- Total Assets: $10,039,697
- Total Liabilities: $2,676,070
- Net Assets: $7,363,627
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Organization Details
Founding Year
1997
Phone
(972) 941-4400Principal Officer
Jason Brown
Main Address
2001 West Plano Parkway, Plano, TX, 75075
Website
www.mchapusa.comNTEE Category
Code: T00Z - Philanthropy
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