Civic Intelligence

The Bottom Rung Inc

990 • Fiscal year 2020 • EIN 45-2428094

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 19, 2021

113 Jamiwind CtMooresville, NC 28115

(704) 201-0481

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.05x

Higher debt load relative to assets than 71% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

0.09x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

17th percentile

-30%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

98th percentile

$100,328

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 147.6% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

20th percentile

-20%

Faster asset growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

39th percentile

-26%

Faster revenue growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$114,977

Down $28,285 (-20%) from 2019

Net Assets

Down

$108,712

Down $20,660 (-16%) from 2019

Liabilities

Down

$6,265

Down $7,625 (-55%) from 2019

Revenue

Down

$67,976

Down $23,338 (-26%) from 2019

Expenses

Down

$88,636

Down $19,320 (-18%) from 2019

Net Income

Down

-$20,660

Down $4,018 (-24%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2011: $250Liabilities 2011: $02011Assets 2012: $10,023Liabilities 2012: $0Net Assets 2012: $10,0232012Assets 2013: $9,875Liabilities 2013: $0Net Assets 2013: $9,8752013Assets 2014: $195,577Liabilities 2014: $48,472Net Assets 2014: $147,1052014Assets 2015: $216,260Liabilities 2015: $35,518Net Assets 2015: $180,7422015Assets 2016: $192,336Liabilities 2016: $8,029Net Assets 2016: $184,3072016Assets 2017: $181,897Liabilities 2017: $9,047Net Assets 2017: $172,8502017Assets 2018: $175,037Liabilities 2018: $29,024Net Assets 2018: $146,0132018Assets 2019: $143,262Liabilities 2019: $13,890Net Assets 2019: $129,3722019Assets 2020: $114,977Liabilities 2020: $6,265Net Assets 2020: $108,7122020Assets 2021: $106,133Liabilities 2021: $6,716Net Assets 2021: $99,4172021Assets 2022: $72,626Liabilities 2022: $0Net Assets 2022: $72,6262022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2020

Assets$114,977
Liabilities$6,265
Net Assets$108,712

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $2,150Expenses 2011: $1,900Net Income 2011: $2502011Revenue 2012: $16,997Expenses 2012: $7,224Net Income 2012: $9,7732012Revenue 2013: $1,127Expenses 2013: $1,275Net Income 2013: -$1482013Revenue 2014: $203,071Expenses 2014: $100,656Net Income 2014: $102,4152014Revenue 2015: $187,452Expenses 2015: $161,698Net Income 2015: $25,7542015Revenue 2016: $153,611Expenses 2016: $148,046Net Income 2016: $5,5652016Revenue 2017: $139,323Expenses 2017: $150,780Net Income 2017: -$11,4572017Revenue 2018: $159,126Expenses 2018: $185,963Net Income 2018: -$26,8372018Revenue 2019: $91,314Expenses 2019: $107,956Net Income 2019: -$16,6422019Revenue 2020: $67,976Expenses 2020: $88,636Net Income 2020: -$20,6602020Revenue 2021: $75,109Expenses 2021: $84,404Net Income 2021: -$9,2952021Revenue 2022: $49,189Expenses 2022: $80,520Net Income 2022: -$31,3312022Revenue 2023: $28,882Expenses 2023: $97,882Net Income 2023: -$69,0002023

Highlighted filing

2020

Revenue$67,976
Expenses$88,636
Net Income-$20,660
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 19, 2021
Return Version
2020v4.0
Gross Receipts
$162,197
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 30 countries working with 90 ministries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$129,372$108,712▼ $20,660
Cash and Non-Interest-Bearing Accounts$74,488$75,628▲ $1,140
Inventories for Sale or Use$38,754$38,497▼ $257
Savings and Temporary Cash Investments-$852-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$143,262$114,977▼ $28,285
Other Assets Total$30,020--
Liabilities
Accounts Payable and Accrued Expenses$13,890$6,265▼ $7,625
Total Liabilities$13,890$6,265▼ $7,625
Net Assets / Fund Balance
Total Net Assets Fund Balance$129,372$108,712▼ $20,660
Total Liabilities and Net Assets / Fund Balance$143,262$114,977▼ $28,285
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marisa SellmanExecutive DirectorFT$50,164$50,164$100,328

Board Members and Trustees

NameTitle
Louis SellmanVice President
Becky MannBoard Member
Michael MyrickBoard Member
Paige DavisBoard Member
Scott MannBoard Member
Cori HarwellSecretary
Crystal JohnsenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,928
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$57,048
All Other Contributions
$10,928
Change in Net Assets
$-20,660
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$56,070
Other Expenses$32,566
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$0$48,667$0$48,667
Office Expenses-$14,927-$14,927
Information Technology-$9,467-$9,467
Occupancy-$7,200-$7,200
Payroll Taxes-$3,838-$3,838
Other Employee Benefits-$3,565-$3,565
Insurance-$2,846-$2,846
Advertising-$1,961-$1,961
Conferences and Meetings-$1,682-$1,682
Travel-$1,463-$1,463
Depreciation Depletion-$-6,980-$-6,980
Total Functional Expenses$0$88,636$0$88,636
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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

Louis Sellman and Marisa Sellman are married. Scott Mann and Becky Mann are married.

Form 990, Part VI, Section B, Line 11B

Each board member received an emailed copy of the 990 for review. Upon review, each member emails approval of the document before it's filed.

Form 990, Part VI, Section B, Line 12C

At each board meeting we openly discuss the agenda. If anyone has any questions in regards to conflict of interest, they are asked to express any concerns at that point.

Form 990, Part VI, Section B, Line 15

When the board reviews compensation for the Director, all members take part in the review and vote. Marisa and Louis Sellman refrain from voting. There was not a review in compensation in 2020.

Form 990, Part VI, Section C, Line 19

Available upon request through the Board of Directors.

Filing and Contact Details

Filer

Filer Name
The Bottom Rung Inc
EIN
45-2428094
Phone
7042010481
Address
113 Jamiwind Ct, Mooresville, NC 28115
Doing Business As
The Marketplace

Signing Officer

Name
Marisa Sellman
Title
Executive Director
Phone
7042010481
Signed
2021-04-19

Organization Details

Principal Officer
Marisa Sellman
Formed
2011
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
4
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IRS990/Desc0In January 2020, Marisa Sellman, Director of The Marketplace, walked down a congested street in Kigali Rwanda. But this wasn't just an ordinary street, this was a street that had no opportunity. Many women walked these streets and sold themselves night after night in order to feed their children. This street might as well be a dead end. The ladies of DuHope came from this street but now they have opportunity. They are no longer sex workers. They have dignified employment making jewelry in a God centered workshop for a year or longer. Many of these ladies had only a 2nd grade education. Now they are receiving literacy and numeracy training. They are being empowered. But the sad reality is that they are not able to fully support their children because there is just not enough work. They need to have another source of income; they need to have their own business. As I sat with the Director, I quickly learned these ladies were still living with their children in unsafe housing. They didn't have enough money to provide nutritious food. Many times, they struggled to pay their children's school fees. They could not afford medical insurance and often were unable to take their sick children to the doctors. In order to start a business or grow their current one, they needed business training and coaching. They also needed a capital investment to give their business a fighting chance. This touched my heart. I am a businessperson and know you need the right tools to succeed. I also know when you invest in a woman, you change the course of her life and the trajectory of her children's. We started envisioning how we could empower her and change her life. January 30, 2020 in a small workshop in Kigali Rwanda, The Empowerment Project was born. For $3,755, we would be able to offer her safe housing, nutritious food, and medical insurance for her and her children for a year. We would be able to pay their school fees and supplies for a school year. We would offer her business training and ongoing coaching. And finally, we would invest the capital needed to create and grow her business. Our community raised $17,700.
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IRS990/MissionDesc0The 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. We travel abroad,design, and business consult with ministries so they can increase their market share. With increased sales, they will be able to hire more people and demonstrate the love of Christ.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Azizi Life in Rwanda was in lock down for an extended period of time due to Covid. The artisans did not have money for food. Our community raised $1019 to help feed the artisans for 2 weeks that lock down was extended.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Atelier Calla our ministry partners in Haiti were unable to supplement the artisans for the additional month of them not being able to work due to Covid. Our community raised $1660 to provide for all the artisans for that additional month.
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07452
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt048847
IRS990/PYOtherRevenueAmt083862
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-16642
IRS990/PYSalariesCompEmpBnftPaidAmt059109
IRS990/PYTotalExpensesAmt0107956
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt091314
IRS990/ReconcilationRevenueExpnssAmt0-20660
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0129372
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0108712
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0852
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt010928
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt07264
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt044220
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt012830
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt018747
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt093989
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0114269
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0174153
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0233525
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0256769
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0265412
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01044128
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01
IRS990ScheduleA/PublicSupportPY509Pct01
IRS990ScheduleA/PublicSupportTotal509Amt01138117
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0125197
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0181417
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0277745
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0269599
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0284159
IRS990ScheduleA/Total509Grp/TotalAmt01138117
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0125197
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0181417
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0277745
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0269599
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0284159
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01138117
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Sold our fashion truck, 2015 Ford Step Van.
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Chick's 500 Degrees Inc
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02020-11-13
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt037000
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0What was available onlline and factored the mileage.
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt04156 Tulip Park Way
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Rancho Cordova
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0CA
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd095742
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Louis Sellman and Marisa Sellman are married. Scott Mann and Becky Mann are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each board member received an emailed copy of the 990 for review. Upon review, each member emails approval of the document before it's filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2At each board meeting we openly discuss the agenda. If anyone has any questions in regards to conflict of interest, they are asked to express any concerns at that point.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3When the board reviews compensation for the Director, all members take part in the review and vote. Marisa and Louis Sellman refrain from voting. There was not a review in compensation in 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Available upon request through the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
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IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
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IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0143262
IRS990/TotalAssetsEOYAmt0114977
IRS990/TotalAssetsGrp/BOYAmt0143262
IRS990/TotalAssetsGrp/EOYAmt0114977
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt010928
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt088636
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt088636
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt06265
IRS990/TotalLiabilitiesGrp/BOYAmt013890
IRS990/TotalLiabilitiesGrp/EOYAmt06265
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0129372
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0108712
IRS990/TotalOtherCompensationAmt050164
IRS990/TotalOtherProgSrvcExpenseAmt00
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IRS990/TotalOtherProgSrvcRevenueAmt00
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IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt050164
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt057048
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt067976

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