2023-11-15T10:08:57-06:00 2022-12-31 FORVIS LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2022-01-01 752749629 Marketplace Ministries Foundation Inc % LYNDSEY LEACH MARK 9729414400 2001 West Plano Parkway Plano TX 75075 Jason Brown CEO 9729414400 2023-05-15 true Jason Brown 999009999 Noelle Alberto P01704142 9727028262 2 2022 2023-04-26 12:10:37Z Jason Brown 2001 West Plano Parkway Plano TX 75075 8627016 false X www.mchapusa.com X 1997 TX PROVIDE SUPPORT for Marketplace Ministries, Inc. 7 6 0 7 0 0 65620 95750 0 0 1602538 -85520 0 4436 1668158 14666 397360 749888 0 0 0 0 0 0 0 113692 269299 511052 1019187 1157106 -1004521 11873944 10039697 2114252 2676070 9759692 7363627 PROVIDE SUPPORT FOR MARKETPLACE MINISTRIES, INC. false false 680448 680448 Support Marketplace Ministries, Inc., a related organization. 69440 69440 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. 749888 true true false false false false false false false true true false false false true false false true 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 6 false false false false false true false true false false false true true true true true true false false false X LYNDSEY LEACH 9729414400 2001 WEST PLANO PARKWAY plano TX 75075 Jason Brown MMI President & CEO 1.0 40.0 X X 0 221467 37571 Timothy Boobar CFO start: 5/22 1.0 40.0 X 0 133032 11551 Larry King CFO end: 5/22 1.0 40.0 X 0 96827 3018 Dick De Witt MMI President/CEO, END: 03/22 1.0 40.0 X X 0 24057 5446 Mark Lovvorn Chairman 1.0 0.0 X X 0 0 0 Ed Bonneau Vice President 1.0 0.0 X X 0 0 0 Dan Farell Treasurer 1.0 0.0 X X 0 0 0 Kyle Hearon Secretary 1.0 0.0 X X 0 0 0 Robin Lewis Director 1.0 1.0 X 0 0 0 Dan Turner Director 1.0 1.0 X 0 0 0 0 475383 57586 0 false true false 0 95750 95750 0 303055 303055 0 0 0 0 0 8223775 8612350 -388575 -388575 -388575 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 4436 4436 4436 14666 -81084 X 680448 680448 69440 69440 0 0 0 0 0 0 0 0 0 0 21190 21190 0 0 53477 53477 194450 194450 0 0 0 0 0 0 0 0 0 0 0 0 BOARD MEETING EXPENSE 182 182 1019187 749888 269299 0 22264 0 7262 9231 0 0 0 0 0 0 0 0 0 0 0 0 0 15000 15617 15617 11826633 10015466 0 0 0 0 0 0 17785 0 11873944 10039697 14100 14100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2100152 2661970 2114252 2676070 X 2052206 517152 7707486 6846475 9759692 7363627 11873944 10039697 -1004521 -1391544 X false true X true false X X 1 MARKETPLACE MINISTRIES INC 751977793 7 true 749888 0 1 749888 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 9289646 35750 -956761 8368635 8564925 65620 677553 18452 9289646 8315029 78381 308469 136954 8564925 7219681 104181 991167 8315029 7717851 138650 -636820 7219681 0.18910 0.81090 false false 15617 15617 0 0 0 Funds Held for the Ministry 2100152 DUE TO MINISTRY 561818 2661970 -1434791 -1391544 -1391544 -43247 53477 4436 57913 14666 961274 -4436 -4436 965710 53477 53477 1019187 Schedule D, Part V Endowment Funds: Endowment fund earnings can be used as determined by the ministry/board. Schedule D, Part V, Lines 2a-2c ASC 958 FOOTNOTE: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 12/31/2022. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions 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 XI, Line 4B RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS WITH RETURN: Miscellaneous Income $4,436 SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH RETURN: Miscellaneous Income ($4,436) true Marketplace Ministries Inc 2001 West Plano Parkway Plano TX 75075 751977793 501(c)(3) 680448 MINISTRY SUPPORT 1 Educational Scholarships 17 69440 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. true false false false false false false false false Jason Brown MMI President & CEO 0 220527 0 0 0 940 0 12203 0 25368 0 259038 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 SCHEDULE J, PART I, LINE 4A SEVERANCE PAYMENT: SEVERANCE IS A VOLUNTARY AGREEMENT THAT SET FORTH THE AGREED UPON SEPARATION DATE FOR EMPLOYMENT AND BENEFITS COVERAGE, THE AMOUNT OF PAYMENT, A CONFIDENTIALITY AGREEMENT CONCERNING COMPANY INFORMATION AND MATERIALS, RETURN OF COMPANY MATERIALS, AND COOPERATION CONCERNING BUSINESS MATTERS. THE FOLLOWING INDIVIDUALS RECEIVED A SEVERANCE PAYMENT FROM MARKETPLACE MINISTRIES, INC., A RELATED ORGANIZATION, IN THEIR 2022 TAXABLE COMPENSATION: LARRY KING $36,878 Form 990, Part VI, Section A, Line 7A POWER TO ELECT MEMBERS OF THE GOVERNING BODY: The board of directors of Marketplace Ministries, Inc., a related organization, elects all members of the governing body. Form 990, Part VI, Section B, Line 11B PROCESS TO REVIEW FORM 990: 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, Section B, Line 12C PROCESS FOR MONITORING 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, Section B, Line 15a & 15b PROCESS FOR DETERMINING COMPENSATION: THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES. THEREFORE, THESE LINES WERE ANSWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS. Form 990, Part VI, Section C, Line 19 DOCUMENTS MADE 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 VI, Section A, Line 8b COMMITTEE AUTHORITY TO ACT ON BEHALF 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 IX LINE 11G DESCRIPTION:RECRUITING FEES TOTAL FEES:194450 Marketplace Ministries Inc 2001 West Plano Parkway Plano TX 75075 751977793 Employee Care TX 501(c)(3) Line 7 NA false Marketplace Chaplains Canada PO box 2262 Beaverlodge Alberto CA TOH OCO Employee Care CA 501(c)(3) N/A Mktplace Min true false true false false true false false false false false false false false true true false false false false