2024-11-15T17:18:56+00:00 2023-12-31 440160260 Forvis Mazars LLP 14221 Dallas Parkway Suite 400 Dallas TX 75254 990 2023-01-01 752749629 Marketplace Ministries Foundation Inc MARK 9729414400 2001 WEST PLANO PARKWAY PLANO TX 75075 Jason Brown CEO 9729414400 2024-11-15 true true Noelle Alberto P01704142 9727028262 2024-11-15 2023 2024-10-15 13:58:12Z Jason Brown 2001 WEST PLANO PARKWAY PLANO TX 75075 13042844 false X WWW.MCHAPUSA.COM X 1997 TX PROVIDE SUPPORT FOR MARKETPLACE MINISTRIES, INC. 7 7 0 7 0 0 95750 103083 0 0 -85520 165407 4436 0 14666 268490 749888 377914 0 0 0 0 0 0 0 269299 51574 1019187 429488 -1004521 -160998 10039697 10522697 2676070 2337457 7363627 8185240 PROVIDE SUPPORT FOR MARKETPLACE MINISTRIES, INC. false false 285414 285414 0 SUPPORT MARKETPLACE MINISTRIES, INC., A RELATED ORGANIZATION. 92500 92500 0 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. 377914 true true false false false false false false true true false false true true false false false false false false false false false false false false true true true false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false false false false false X 7 7 false false false false false true false true false false false true true true true true true false false false X Melanie Harder 9729414400 2001 WEST PLANO PARKWAY PLANO TX 75075 Ann Ashley Secretary 0.3 2.0 X X 0 0 0 Dan Turner Treasurer & FAC Chairman 0.3 2.0 X X 0 0 0 Robin Lewis Chairman 0.3 15.0 X X 0 0 0 Benton Hyatt Director 0.3 1.0 X 0 0 0 Campbell Williams Director 0.3 1.0 X 0 0 0 Chris Carr Director 0.3 1.0 X 0 0 0 Phil Swatzell Director 0.3 1.0 X 0 0 0 Jason Brown President/CEO 0.3 40.0 X 0 285404 48797 Timothy Boobar CFO 0.3 40.0 X 0 211605 21573 0 497009 70370 0 false true false 0 0 0 0 0 0 103083 0 103083 0 0 0 0 0 294945 0 0 294945 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12644816 0 12774354 0 -129538 0 -129538 0 0 -129538 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 268490 0 0 165407 285414 285414 92500 92500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 36574 0 36574 0 15000 0 15000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 429488 377914 51574 0 0 54605 9231 93257 0 0 0 0 0 0 0 0 0 0 0 0 15000 0 15617 15617 0 0 10015466 9368677 0 0 0 0 0 1006158 10039697 10522697 14100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2661970 2337457 2676070 2337457 X 517152 3532828 6846475 4652412 0 0 0 0 0 0 7363627 8185240 10039697 10522697 X -160998 993693 0 0 -11082 X false false false X X 1 Marketplace Ministries Inc 751977793 7 true 377914 0 1 377914 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8368635 8368635 9289646 35750 -956761 0 0 0 8368635 8564925 65620 677553 0 18452 0 9289646 8315029 78381 308469 0 136954 0 8564925 7219681 104181 991167 0 0 0 8315029 0.1891 0.8109 0.0 false false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15617 15617 0 0 Due to Related Organization 1000000 Undeposited Funds 6158 1006158 0 Funds Held for Marketplace Ministries 2100152 Due to Related Organization 237305 2337457 Schedule D, Part X, Line 2 ASC 740 Footnote MANAGEMENT HAS EVALUATED INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part V, Line 4 Intended uses of endowment funds ENDOWMENT FUND EARNINGS CAN BE USED AS DETERMINED BY THE MINISTRY/BOARD. true Marketplace Ministries Inc 2001 West Plano Parkway Plano TX 75075 751977793 501(c)(3) 285414 Ministry Support 1 0 Educational Scholarships 19 92500 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE ASSISTANCE WAS PROVIDED TO A RELATED ENTITY. BOTH ENTITIES' FINANCIAL RECORDS ARE MANAGED AT THE SAME LOCATION. THE ORGANIZATION REQUIRES QUALIFIED STUDENTS TO SUBMIT AN APPLICATION FOR EDUCATIONAL SCHOLARSHIPS. UPON APPROVAL, FUNDS ARE SENT DIRECTLY TO THE EDUCATIONAL INSTITUTION OF THE QUALIFYING STUDENT. false false false false false false false false false Jason Brown President/CEO 0 285404 0 0 0 0 0 15572 0 33225 0 334201 0 0 Timothy Boobar CFO 0 211605 0 0 0 0 0 10799 0 10774 0 233178 0 0 Schedule J, Part I, Line 3 Method to Establish CEO Compensation MARKETPLACE MINISTRIES, INC, A RELATED ORGANIZATION, USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL: - COMPENSATION COMMITTEE - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE Form 990, Part VI, Line 15a Process for Determining Compensation THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES. THEREFORE, THIS LINE WAS ANSWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS. Form 990, Part VI, Line 15b Process for Determining Compensation THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES. THEREFORE, THIS LINE WAS ANSWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE BOARD OF DIRECTORS OF MARKETPLACE MINISTRIES, INC., A RELATED ORGANIZATION, ELECTS ALL MEMBERS OF THE GOVERNING BODY AS THE SAME BOARD CONTROLS BOTH ENTITIES. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, THIS LINE WAS ANSWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS. Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 WAS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 WAS THEN FORWARDED TO THE BOARD OF DIRECTORS FOR APPROVAL PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE BOARD OF DIRECTORS AND OFFICERS OF THE ORGANIZATION ANNUALLY SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSE POTENTIAL CONFLICTS. THE BOARD CHAIRMAN REVIEWS ANNUAL STATEMENTS FROM BOARD MEMBERS AND OFFICERS. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED, THE BOARD MEMBER OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATION OR DECISION WITH REGARD TO MATTERS AFFECTED BY THE RELATIONSHIP. Form 990, Part VI, Line 19 Required documents available to the public MARKETPLACE MINISTRIES FOUNDATION, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING REGULAR BUSINESS HOURS AT THE ORGANIZATION'S PERMANENT ADDRESS. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Various adjustments to accruals - -11082; Marketplace Ministries Inc 2001 West Plano Parkway Plano TX 75075 751977793 Employee Care TX 501(c)(3) 7 MMI true MARKETPLACE CANADA 1071 Midland Ave SCARBOROUGH Ontario CA M1KAG7 Employee Care CA 501(c)(3) 1 MMI true false true false false true false false false false false false false false true true false false false false