Liabilities / Assets
71st percentile
Higher debt load relative to assets than 71% of similar nonprofits.
The Bottom Rung Inc
990 • Fiscal year 2016 • EIN 45-2428094
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.04x
Liabilities / Revenue
77th percentile
Higher debt load relative to revenue than 77% of similar nonprofits.
Net Margin
51st percentile
Higher net margin than 51% of similar nonprofits.
Top Officer Pay
91st percentile
Higher top officer pay than 91% of similar nonprofits.
Top officer pay equals 30.2% of source-year revenue.
Asset Growth
28th percentile
Faster asset growth than 28% of similar nonprofits.
Revenue Growth
26th percentile
Faster revenue growth than 26% of similar nonprofits.
Balance Sheet
Assets
Down$192,336
Down $23,924 (-11%) from 2015
Net Assets
Up$184,307
Up $3,565 (+2.0%) from 2015
Liabilities
Down$8,029
Down $27,489 (-77%) from 2015
Revenue And Expenses
Revenue
Down$153,611
Down $33,841 (-18%) from 2015
Expenses
Down$148,046
Down $13,652 (-8.4%) from 2015
Net Income
Down$5,565
Down $20,189 (-78%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- May 3, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $284,159
Mission and Program Overview
Mission
We are a faith based organization committed to empowering individuals with sustainable solutions to climb out of poverty one rung at a time.
The Marketplace is a nonprofit Christian fair trade store that partners with Christian organizations around the world to empower people through employment while sharing the Gospel. We are currently in 26 countries working with 78 ministries.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $180,742 | $184,307 | ▲ $3,565 |
| Inventories for Sale or Use | $90,296 | $89,111 | ▼ $1,185 |
| Cash and Non-Interest-Bearing Accounts | $71,554 | $56,945 | ▼ $14,609 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $216,260 | $192,336 | ▼ $23,924 |
| Other Assets Total | $54,410 | $46,280 | ▼ $8,130 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $35,518 | $8,029 | ▼ $27,489 |
| Total Liabilities | $35,518 | $8,029 | ▼ $27,489 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $180,742 | $184,307 | ▲ $3,565 |
| Total Liabilities and Net Assets / Fund Balance | $216,260 | $192,336 | ▼ $23,924 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $46,280 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Marisa Sellman | Executive Director | FT | $46,350 | $46,350 |
Board Members and Trustees
| Name | Title |
|---|---|
| Louis Sellman | Vice President |
| Ann Edenfield | Board Member |
| Chris Moreland | Board Member |
| Christopher Donaldson | Board Member |
| Cori Owens | Board Member |
| Eileen Moreland | Board Member |
| Kimberly Donaldson | Board Member |
| Nancy Schwoerer | Secretary |
| Gayle Chrisman | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $18,747
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $134,864
- All Other Contributions
- $18,747
- Change in Net Assets
- $5,565
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $78,818 |
| Other Expenses | $69,228 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | - | $46,350 | - | $46,350 |
| Office Expenses | - | $27,210 | - | $27,210 |
| Other Salaries and Wages | - | $26,867 | - | $26,867 |
| Occupancy | - | $18,808 | - | $18,808 |
| Information Technology | - | $11,288 | - | $11,288 |
| Depreciation Depletion | - | $8,130 | - | $8,130 |
| Payroll Taxes | - | $5,601 | - | $5,601 |
| Insurance | - | $3,320 | - | $3,320 |
| Travel | - | $472 | - | $472 |
| Total Functional Expenses | $0 | $148,046 | $0 | $148,046 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Backup withholding compliance
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- Yes
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 2
“Family relationship- Marisa Sellman and Louis Sellman are married. Family relationship -Kim Donaldson and Chris Donalson are married.”
Form 990, Part VI, Section A, Line 4
“There was an amendment to the bylaws. It reads: While Marisa Sellman (Founder and Executive Director) and Louis Sellman are a vital part in the life of The Marketplace, each will have a permanent seat on the board and will not be required to vacate their position based on term requirements. If at any time, they should choose to relinquish their seats, each will be excused of any board obligations.”
Form 990, Part VI, Section B, Line 11B
“The Form 990 is reviewed by all board members prior to filing through email communications.”
Form 990, Part VI, Section B, Line 12C
“The board consistently reviews policies to make sure that the mission of The Marketplace is being achieved. Our goal 1st and foremost to advance the Kingdom by partnering with missionaries around the world. No one is achieving gain at the expense of our artisans.”
Form 990, Part VI, Section B, Line 15
“The process of determining pay of the Executive Director was to see what organizations with comparable revenue were paying their Directors. The board looked at the high and the low end. This information was achieved with the use of GuideStar. Currently our Director is below the low end of a similar organization.”
Form 990, Part VI, Section C, Line 19
“Governing documents, conflict of interest policies, and financial statements are available upon request. Financial Statements and Governing Documents are available online with Guidestar.”
Filing and Contact Details
Filer
- Filer Name
- Bottom Rung Inc
- EIN
- 45-2428094
- Phone
- 9806132120
- Address
- 19725 Oak Street Unit 8, Cornelius, NC 28031
- Doing Business As
- The Marketplace
Signing Officer
- Name
- Marisa Sellman
- Title
- Executive Director
- Phone
- 9806132120
- Signed
- 2017-05-03
Organization Details
- Principal Officer
- Marisa Sellman
- Formed
- 2011
- Legal Domicile
- Nc
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 8
- Volunteers
- 15
Supplemental Narrative
Additional Explanations
Form 990, Part XI, Line 9
“Hotel and food expense for design trip to Bolivia was in a prepaid account in 2015 and was realized in 2016”
Raw XML AppendixShowing 400 of 455 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | The Marketplace went to El Alto Bolivia and designed SutiSana's Fall 2016 Collection Where Modern and Traditional Collide. SutiSana is a ministry that are empowering women who have been rescued from prostitution with employment while sharing the Gospel. Based on our collection, SutiSana experienced 141% growth and in 2017 will be hiring 5 women out of prostitution. |
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| IRS990/MissionDesc | 0 | The Marketplace is a Christian fair trade store that partners with ministries around the world to help empower people through employment while sharing the Gospel. We buy all products outright and market the ministries and products in The Marketplace. At the end of the year, we take the net proceeds and reinvest them back into our partnering ministries in the form of business resources. |
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| IRS990/PrincipalOfficerNm | 0 | Marisa Sellman |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | The Marketplace was able to design product in 6 countries. While we went to Bolivia, we were able to create designs via SKYPE, email, and messenger. We created product with Samaritan Creations in Thailand, White Peacock and Himalayan Tapestry in India, Dunamis in Ecuador, One Loom in Guatemala, and Elegantees in Nepal. |
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| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | The Marketplace participated in 2 large shows, 51 The Rolling Shack shows (Mobile fashion truck), and partnered with churches from 3 different denominations. |
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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | 2015 Utilimaster 22 Ft Step Van |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Marisa Sellman |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | Executive Director |
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| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Family relationship- Marisa Sellman and Louis Sellman are married. Family relationship -Kim Donaldson and Chris Donalson are married. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | There was an amendment to the bylaws. It reads: While Marisa Sellman (Founder and Executive Director) and Louis Sellman are a vital part in the life of The Marketplace, each will have a permanent seat on the board and will not be required to vacate their position based on term requirements. If at any time, they should choose to relinquish their seats, each will be excused of any board obligations. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The Form 990 is reviewed by all board members prior to filing through email communications. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The board consistently reviews policies to make sure that the mission of The Marketplace is being achieved. Our goal 1st and foremost to advance the Kingdom by partnering with missionaries around the world. No one is achieving gain at the expense of our artisans. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | The process of determining pay of the Executive Director was to see what organizations with comparable revenue were paying their Directors. The board looked at the high and the low end. This information was achieved with the use of GuideStar. Currently our Director is below the low end of a similar organization. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Governing documents, conflict of interest policies, and financial statements are available upon request. Financial Statements and Governing Documents are available online with Guidestar. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Hotel and food expense for design trip to Bolivia was in a prepaid account in 2015 and was realized in 2016 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, Line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, Line 4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, Line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section C, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part XI, Line 9 |
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| IRS990/TotalAssetsEOYAmt | 0 | 192336 |
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Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $192,336
- Liabilities
- $8,029
- Net assets
- $184,307
- Revenue
- $153,611
- Expenses
- $148,046
- Net income
- $5,565