Marketplace Ministries Inc

Plano, TX
Tax-exempt since Dec. 1984
EIN: 75-1977793

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion-Related, Spiritual Development / Christian (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$26.6M (2022)

Expenses

$27.1M (2022)

Total Assets

$6.77M (2022)

Total Liabilities

$3.25M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$26,607,271

Expenses

$27,135,652

Net Income

-$528,381

Net Assets

$3,516,082

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$997,467	3.7%
Program Services	$25,402,804	95.5%
Investment Income	$17,904	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$189,096	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$699,078	2.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$18,588,374	68.5%

Assets/Debt
Total Assets	$6,768,644
Total Liabilities	$3,252,562
Net Assets	$3,516,082

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jason Brown (President/Ceo)	$221,467	$0	$37,571
Timothy Boobar (Cfo Start: 5/22)	$133,032	$0	$11,551
Larry King (Cfo End: 5/22)	$96,827	$0	$3,018
Carroll Maclin (Pres: Mm Int'l End:5/22)	$61,479	$0	$5,393
Heather Yarbrough (Chro End: 5/22)	$46,557	$0	$11,572
Gary Ellis (Cio End: 5/22)	$36,237	$0	$4,871
Dick De Witt (President/Ceo, End: 03/22)	$24,057	$0	$5,446
Robin Lewis (Chairman)	$0	$0	$0
Ann Ashley (Secretary)	$0	$0	$0
Phil Swatzell (Director)	$0	$0	$0
Campbell Williams (Director)	$0	$0	$0
Dan Turner (Treasurer & Fac Chairman)	$0	$0	$0
Chris Carr (Director)	$0	$0	$0
Benton Hyatt (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2023

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2021

Revenue

$21,836,084

Expenses

$22,126,698

Net Income

-$290,614

Net Assets

$4,044,463

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$490,803	2.2%
Program Services	$21,322,072	97.6%
Investment Income	$19,802	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,407	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$469,156	2.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,617,194	70.6%

Assets/Debt
Total Assets	$6,041,844
Total Liabilities	$1,997,381
Net Assets	$4,044,463

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jason Brown (Chief Marketing Officer)	$137,895	$0	$53,747
Larry King (Cfo)	$133,278	$0	$20,112
Dick De Witt (President/Ceo Start: 4/21)	$109,260	$0	$52,955
Gary Ellis (Cio)	$87,641	$0	$24,439
Doug Fagerstrom (Dir/Exec. Pres./Ceo End: 4/21)	$70,992	$0	$82,511
Heather Yarbrough (Director Of Hr)	$56,425	$0	$39,131
Carroll Maclin (President: Mm International)	$45,704	$0	$86,852
Robin Lewis (Chairman)	$0	$0	$0
Ann Ashley (Secretary)	$0	$0	$0
Phil Swatzell (Director)	$0	$0	$0
Campbell Williams (Director)	$0	$0	$0
Dan Turner (Treasurer & Fac Chairman)	$0	$0	$0
Chris Carr (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$19,506,765

Expenses

$18,634,914

Net Income

$871,851

Net Assets

$4,335,077

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$664,574	3.4%
Program Services	$18,812,065	96.4%
Investment Income	$27,763	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,363	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$375,338	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,070,894	70.1%

Assets/Debt
Total Assets	$5,987,779
Total Liabilities	$1,652,702
Net Assets	$4,335,077

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Larry King (Cfo)	$130,665	$0	$19,714
Jason Brown (Chief Marketing Officer)	$129,911	$0	$49,090
Rachia Green (Executive Vice President)	$107,145	$0	$17,986
Doug Fagerstrom (Director/Exec. Pres./Ceo)	$102,608	$0	$122,350
Charles Sizemore (Executive Vice President)	$100,597	$0	$24,534
Robin Lewis (Chairman)	$0	$0	$0
Casey Gurganus (Director/Treasurer)	$0	$0	$0
Stephen Quinn (Director)	$0	$0	$0
Dan Turner (Director)	$0	$0	$0
Ann Ashley (Director)	$0	$0	$0
Andy Nace Esq (Director)	$0	$0	$0
Marvin Williams (Director)	$0	$0	$0
Phil Swatzel (Director)	$0	$0	$0

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990

Filed on July 20, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$19,328,866

Expenses

$19,811,640

Net Income

-$482,774

Net Assets

$4,071,226

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$587,839	3.0%
Program Services	$18,688,249	96.7%
Investment Income	$20,787	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$14,919	0.1%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$17,072	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$377,746	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,751,307	64.4%

Assets/Debt
Total Assets	$5,210,208
Total Liabilities	$1,138,982
Net Assets	$4,071,226

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gilford Stricklin Sr (Founder & Ministry Ambass.)	$178,416	$0	$145,878
Larry King (Cfo)	$141,900	$0	$10,005
Jason Brown (Chief Marketing Officer)	$131,578	$0	$37,424
Rachia Green (Executive Vice President)	$108,176	$0	$18,026
Doug Fagerstrom (Director/Exec. Pres./Ceo)	$103,408	$0	$122,434
Will Thomas (Chairman)	$0	$0	$0
Casey Gurganus (Director/Treasurer)	$0	$0	$0
Neal Jeffrey Jr (Director)	$0	$0	$0
Dan Turner (Director)	$0	$0	$0
Robin Lewis (Director)	$0	$0	$0
Andy Nace Esq (Director)	$0	$0	$0
Marvin Williams (Director)	$0	$0	$0

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990

Filed on May 27, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$18,210,779

Expenses

$18,301,885

Net Income

-$91,106

Net Assets

$4,554,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$835,907	4.6%
Program Services	$17,359,077	95.3%
Investment Income	$11,951	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$13,049
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$16,893	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$358,695	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,953,744	65.3%

Assets/Debt
Total Assets	$5,698,826
Total Liabilities	$1,144,826
Net Assets	$4,554,000

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gilford Stricklin Sr (Founder & Ministry Ambassador)	$166,690	$0	$132,588
Larry King (Cfo)	$135,000	$0	$9,522
Jason Brown (Chief Marketing Officer)	$119,008	$0	$38,808
Doug Fagerstrom (Director/Exec. Pres./Ceo)	$93,828	$0	$120,344
Will Thomas (Chairman)	$0	$0	$0
Casey Gurganus (Director/Treasurer)	$0	$0	$0
Neal Jeffrey Jr (Director)	$0	$0	$0
Calvin Mc Kaig Md (Director)	$0	$0	$0
Phil Swatzell (Director)	$0	$0	$0
Dan Turner (Director)	$0	$0	$0
Robin Lewis (Director)	$0	$0	$0
Andy Nace Esq (Director)	$0	$0	$0

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990

Filed on Aug. 16, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$17,087,173

Expenses

$17,152,146

Net Income

-$64,973

Net Assets

$4,645,106

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$945,217	5.5%
Program Services	$16,022,098	93.8%
Investment Income	$22,830	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$9,010
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$106,038	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$372,439	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,436,588	66.7%

Assets/Debt
Total Assets	$5,772,053
Total Liabilities	$1,126,947
Net Assets	$4,645,106

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gilford Stricklin Sr (Founder And Ministry Ambassador)	$241,081	$0	$131,587
Larry King (Cfo)	$139,150	$0	$21,785
Jason Brown (Chief Marketing Officer)	$123,171	$0	$47,283
Doug Fagerstrom (Director/Exec. Pres./Ceo)	$102,068	$0	$109,436
Will Thomas (Chairman)	$0	$0	$0
Casey Gurganus (Director/Treasurer)	$0	$0	$0
Ed Bonneau (Director)	$0	$0	$0
Neal Jeffrey Jr (Director)	$0	$0	$0
Calvin Mc Kaig Md (Director)	$0	$0	$0
Phil Swatzell (Director)	$0	$0	$0
Andy Nace Esq (Director)	$0	$0	$0

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990

Filed on Sept. 6, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$15,697,802

Expenses

$15,899,887

Net Income

-$202,085

Net Assets

$4,710,079

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$327,970	2.1%
Program Services	$15,414,965	98.2%
Investment Income	$14,498	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$61,620
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,989	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$348,875	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$10,289,586	64.7%

Assets/Debt
Total Assets	$5,808,250
Total Liabilities	$1,098,171
Net Assets	$4,710,079

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Larry King (Cfo)	$132,602	$0	$9,084
Jason Brown (Chief Marketing Officer)	$107,316	$0	$44,526
Doug Fagerstrom (Director/Exec. President/C)	$100,886	$0	$106,303
Gilford Stricklin Sr (Ceo, Mmf)	$98,436	$54,080	$138,584
Will Thomas (Chairman)	$0	$0	$0
Casey Gurganus (Director/Treasurer)	$0	$0	$0
Ed Bonneau (Director)	$0	$0	$0
Neal Jeffrey Jr (Director)	$0	$0	$0
Calvin Mc Kaig Md (Director)	$0	$0	$0
Phil Swatzell (Director)	$0	$0	$0
Andy Nace Esq (Director)	$0	$0	$0

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990

Filed on July 28, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$15,601,644

Expenses

$15,645,280

Net Income

-$43,636

Net Assets

$4,912,164

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$592,280	3.8%
Program Services	$15,075,131	96.6%
Investment Income	$3,475	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$71,978
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,736	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$227,988	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$10,275,655	65.7%

Assets/Debt
Total Assets	$6,048,544
Total Liabilities	$1,136,380
Net Assets	$4,912,164

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gilford Stricklin Sr (Ceo, Marketplace Ministries Foundation)	$246,484	$0	$142,291
Larry King (Cfo)	$135,854	$0	$11,012
Jason Brown (Chief Marketing Officer)	$105,473	$0	$36,042
Doug Fagerstrom (Director/Exec. President/Ceo)	$26,630	$0	$54,492
Will Thomas (Chairman)	$0	$0	$0
Casey Gurganus (Director/Treasurer)	$0	$0	$0
Ed Bonneau (Director)	$0	$0	$0
Craig Hodges (Director (Part Year))	$0	$0	$0
Neal Jeffrey Jr (Director)	$0	$0	$0
Calvin Mc Kaig Md (Director)	$0	$0	$0
Phil Swatzell (Director)	$0	$0	$0
Andy Nace Esq (Director)	$0	$0	$0

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990

Filed on July 12, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$14,983,868

Expenses

$13,952,333

Net Income

$1,031,535

Net Assets

$5,001,876

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$985,631	6.6%
Program Services	$13,897,654	92.8%
Investment Income	$149,060	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$49,977
Sales of Assets	$1,500	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$737,663	5.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,056,505	64.9%

Assets/Debt
Total Assets	$6,336,157
Total Liabilities	$1,334,281
Net Assets	$5,001,876

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Larry King (Cfo)	$115,200	$0	$15,291
Richard S Dewitt (Coo/President)	$104,750	$0	$95,048
Ann Stricklin (Exec. Vp/Director)	$62,076	$0	$4,076
Gilford Stricklin Sr (Ceo/Chairman)	$50,650	$0	$326,042
Jack Allen (Director)	$0	$0	$0
Tom Freet (Director)	$0	$0	$0
Craig Hodges (Director)	$0	$0	$0
Kyle Hearon (Director)	$0	$0	$0
Neal Jeffrey Jr (Director)	$0	$0	$0
Calvin Mc Kaig Md (Director)	$0	$0	$0
Del Rogers Sr (Director)	$0	$0	$0
Nelson Mc Kinney (Director)	$0	$0	$0
Phil Swatzell (Director)	$0	$0	$0
Charles Tandy Md (Director)	$0	$0	$0
Ken Stohner Jr (Director)	$0	$0	$0
Jerry Wilson (Director)	$0	$0	$0
Casey Gurganus (Director)	$0	$0	$0
Andy Nace Esq (Director)	$0	$0	$0
Greg Terrell (Director)	$0	$0	$0

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990

Filed on May 14, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$13,710,873

Expenses

$13,096,238

Net Income

$614,635

Net Assets

$3,985,175

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$265,389	1.9%
Program Services	$13,357,823	97.4%
Investment Income	$10,972	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$76,689	0.6%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$730,549	5.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,585,663	65.6%

Assets/Debt
Total Assets	$4,888,220
Total Liabilities	$903,045
Net Assets	$3,985,175

Compensation

Key Employees and Officers	Compensation	Related	Other
Larry King (Cfo)	$109,200	$0	$14,089
Steve Hefta (Regional Vp Northern Region)	$106,049	$0	$6,436
Richard S Dewitt (Coo/ President)	$99,800	$0	$93,168
Ann Stricklin (Exec. Vp/Director)	$63,495	$0	$5,934
Gilford Stricklin Sr (Ceo / Chairman)	$32,477	$0	$199,901
Jack Allen (Director)	$0	$0	$0
Carl Bolin (Director)	$0	$0	$0
Ed Bonneau (Director)	$0	$0	$0
Sam Forester (Director)	$0	$0	$0
Tom Freet (Director)	$0	$0	$0
Bruce Grantham (Director)	$0	$0	$0
Craig Hodges (Director)	$0	$0	$0
Kyle Hearon (Director)	$0	$0	$0
Neal Jeffrey (Director)	$0	$0	$0
Calvin Mc Kaig (Director)	$0	$0	$0
Ralph Mc Clune (Director)	$0	$0	$0
Robert Osburn Esq (Director)	$0	$0	$0
Del Rogers (Director)	$0	$0	$0
Nelson Mc Kinney (Director)	$0	$0	$0
Phil Swatzell (Director)	$0	$0	$0
Charles Tandy (Director)	$0	$0	$0
Ken Stohner Jr (Director)	$0	$0	$0
William Thomas (Director)	$0	$0	$0
Jerry Wilson (Director)	$0	$0	$0
Casey Gurganus (Director)	$0	$0	$0

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990

Filed on June 11, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$14,329,347

Expenses

$12,013,963

Net Income

$2,315,384

Net Assets

$4,097,335

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,865,459	13.0%
Program Services	$12,334,384	86.1%
Investment Income	$8,575	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$120,929	0.8%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$573,271	4.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,581,893	54.8%

Assets/Debt
Total Assets	$4,739,162
Total Liabilities	$641,827
Net Assets	$4,097,335

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$12,299,231

Expenses

$11,621,746

Net Income

$677,485

Net Assets

$2,120,702

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$717,933	5.8%
Program Services	$11,542,295	93.8%
Investment Income	$7,914	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$27,281	0.2%
Sales of Assets	$1,000	0.0%
Net Inventory Sales	$0
Other Revenue	$2,808	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$505,635	4.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,338,011	63.1%

Assets/Debt
Total Assets	$2,461,740
Total Liabilities	$341,038
Net Assets	$2,120,702

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Marketplace Ministries Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $26.6M (2022)

Expenses $27.1M (2022)

Total Assets $6.77M (2022)

Total Liabilities $3.25M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Revenue

$26.6M (2022)

Expenses

$27.1M (2022)

Total Assets

$6.77M (2022)

Total Liabilities

$3.25M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001