Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
World Marketplace In
EIN 56-1798187 • 501(c)3 • Asheville, NC
Profile
To create opportunities for artisans in developing countries to earn income by bringing their products and stories to our market through long-ter, fair trading and relationships
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.51x
Liabilities / Revenue
90th percentile
Higher debt load relative to revenue than 90% of similar nonprofits.
Net Margin
26th percentile
Higher net margin than 26% of similar nonprofits.
Top Officer Pay
82nd percentile
Higher top officer pay than 82% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
30th percentile
Faster revenue growth than 30% of similar nonprofits.
Balance Sheet
Assets
Down$195,662
Down $156,364 (-44%) from 2022
Liabilities
Down$99,941
Down $40,194 (-29%) from 2022
Net Assets
Down$95,721
Down $116,170 (-55%) from 2022
Revenue
Down$225,650
Down $112,516 (-33%) from 2022
Expenses
Down$271,500
Down $108,265 (-29%) from 2022
Net Income
Down-$45,850
Down $4,251 (-10%) from 2022
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $195,662
- Liabilities
- $99,941
- Net assets
- $95,721
- Revenue
- $225,650
- Expenses
- $271,500
- Net income
- -$45,850
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Oct 15, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $439,656
Mission and Program Overview
Mission
To create opportunities for artisans in developing countries to earn income by bringing their products and stories to our markets through long-term, fair trading relationships.
Operation of crafts store in asheville nc distributing products from underdeveloped countries
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $110,807 | $103,148 | ▼ $7,659 |
| Rtn Earn Endowment Incm Other Fnds | $147,517 | $95,721 | ▼ $51,796 |
| Inventories for Sale or Use | $73,297 | $59,034 | ▼ $14,263 |
| Cash and Non-Interest-Bearing Accounts | $63,294 | $28,443 | ▼ $34,851 |
| Prepaid Expenses and Deferred Charges | $3,747 | $1,291 | ▼ $2,456 |
| Total Assets | $251,145 | $195,662 | ▼ $55,483 |
| Other Assets Total | - | $3,746 | - |
| Liabilities | |||
| Unsecured Notes Loans Payable | $74,914 | $74,914 | → $0 |
| Accounts Payable and Accrued Expenses | $21,288 | $13,635 | ▼ $7,653 |
| Deferred Revenue | $7,426 | $11,392 | ▲ $3,966 |
| Total Liabilities | $103,628 | $99,941 | ▼ $3,687 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $147,517 | $95,721 | ▼ $51,796 |
| Total Liabilities and Net Assets / Fund Balance | $251,145 | $195,662 | ▼ $55,483 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | - | $71,484 | - |
| Leasehold Improvements | - | $52,277 | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Cindy M Rice | Board Chair |
| William Schultz | Vice Chair |
| Anna Garrett | Board Member |
| Carol Hughes | Board Member |
| Janie Wilson | Board Member |
| Marella Buncick | Board Member |
| Renuka Gusain | Board Member |
| Rob Campbell | Board Member |
| Elizabeth Harvey | Secretary |
| Tara Nyanga | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $6,066
- Program Service Revenue
- $0
- Investment Income
- $2,341
- Other Revenue
- $217,243
- All Other Contributions
- $6,066
- Change in Net Assets
- $-45,850
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $144,472 |
| Salaries, Compensation, and Employee Benefits | $127,028 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $82,601 | $35,400 | - | $118,001 |
| Occupancy | $99,012 | - | - | $99,012 |
| Office Expenses | $16,741 | $7,175 | - | $23,916 |
| Payroll Taxes | $6,319 | $2,708 | - | $9,027 |
| Interest | $8,942 | - | - | $8,942 |
| Advertising | $5,688 | - | - | $5,688 |
| Fees for Services Other | $2,712 | $1,163 | - | $3,875 |
| Information Technology | $1,119 | - | - | $1,119 |
| Insurance | $749 | $321 | - | $1,070 |
| Fees for Services Accounting | - | $850 | - | $850 |
| Total Functional Expenses | $223,883 | $47,617 | $0 | $271,500 |
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
- Yes
- Annual disclosure for covered persons
- Yes
- Audit committee
- 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
- No
- 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
Part VI Line 11B
“The return was prepared by a cpa with assistance and oversight by a”
Part VI Line 11B
“Board member. The return was provided to each voting board member prior to”
Part VI Line 19
“Certain information and documents related to the organization”
Part VI Line 19
“Are available uupon request to the board secretary”
Filing and Contact Details
Filer
- Filer Name
- World Marketplace in
- EIN
- 56-1798187
- In Care Of
- % Cindy M Rice
- Phone
- 8282548374
- Address
- 10 COLLEGE STREET, ASHEVILLE, NC 28801
- Doing Business As
- Ten Thousand Villages
Signing Officer
- Name
- Cindy M Rice
- Title
- Board Chairperson
- Phone
- 8282548374
- Signed
- 2025-10-15
Organization Details
- Principal Officer
- Cindy M Rice
- Formed
- 1992
- Legal Domicile
- Nc
- Voting Board Members
- 8
- Independent Board Members
- 8
- Employees
- 9
Supplemental Narrative
Additional Explanations
Pt III Line 4A
“The organization purchased over $214,000 in inventory from artisans”
Pt III Line 4A
“In developing cournties who are paid a fair living wage for their”
Pt III Line 4A
“Products.ten thousand villabes in asheville nc is a fair-trade”
Pt III Line 4A
“Retailer of artsian-crafter home decor,personal accessories and”
Pt III Line 4A
“Gift items from across the globe. Featuring products from more”
Pt III Line 4A
“Than 130 artisan group in some 30 countries, then thousand villages”
Pt III Line 4A
“Is part of a network of retail outlets throughout the united states.”
Pt III Line 4A
“Together the organization helps break the cycle of poverty”
Pt III Line 4A
“And inpact the lives of 20,000 makers in 20 developing countries.”
Pt III Line 4A
“Ten thousand villages is a global maker-to-market movement.”
Pt III Line 4A
“The organization is commited to the following ethical practices:”
Pt III Line 4A
“Ensuring makers earn a fair living wage in wafe working conditions”
Pt III Line 4A
“Caring for the earth, investing in partnerships that”
Pt III Line 4A
“Empower communities and celebating craft and culture.”
Pt VI Line 11 B
“The return was prepared by a cpa with assitance and oversight by”
Pt VI Line 11 B
“A board member. Upon completion and review, the return was”
Pt VI Line 11 B
“Provided to each voting board member prior to filing”
Pt VI Line 12 C
“Board members are reuired to review the conflict of interrest”
Pt VI Line 12 C
“Policy annually and announce in advance of any discussion where a”
Pt VI Line 12 C
“Potential conflict may exist. The chair of the board is required”
Pt VI Line 12 C
“To make inquiries if conflicts appear to exist and a board member”
Pt VI Line 12 C
“Has not made it known. The policy requires full fecusal on”
Pt VI Line 12 C
“Discussion and votes of matters with potential conflicts”
Pt VI Line 19
“Governing documents: certain information and documents related to”
Pt VI Line 19
“The organization are available upon request to the board secretary”
Raw XML AppendixShowing 400 of 440 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/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 2475 |
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| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 9027 |
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| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 1291 |
| IRS990/PrincipalOfficerNm | 0 | CINDY M RICE |
| IRS990/ProfessionalFundraisingInd | 0 | false |
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| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 6066 |
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| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 666483 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 811985 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 498271 |
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| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 666483 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 811985 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 498271 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE RETURN WAS PREPARED BY A CPA WITH ASSISTANCE AND OVERSIGHT BY A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BOARD MEMBER. THE RETURN WAS PROVIDED TO EACH VOTING BOARD MEMBER PRIOR TO |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | CERTAIN INFORMATION AND DOCUMENTS RELATED TO THE ORGANIZATION |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ARE AVAILABLE UUPON REQUEST TO THE BOARD SECRETARY |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION PURCHASED OVER $214,000 IN INVENTORY FROM ARTISANS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | IN DEVELOPING COURNTIES WHO ARE PAID A FAIR LIVING WAGE FOR THEIR |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | PRODUCTS.TEN THOUSAND VILLABES IN ASHEVILLE NC IS A FAIR-TRADE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | RETAILER OF ARTSIAN-CRAFTER HOME DECOR,PERSONAL ACCESSORIES AND |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | GIFT ITEMS FROM ACROSS THE GLOBE. FEATURING PRODUCTS FROM MORE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | THAN 130 ARTISAN GROUP IN SOME 30 COUNTRIES, THEN THOUSAND VILLAGES |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | IS PART OF A NETWORK OF RETAIL OUTLETS THROUGHOUT THE UNITED STATES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | TOGETHER THE ORGANIZATION HELPS BREAK THE CYCLE OF POVERTY |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | AND INPACT THE LIVES OF 20,000 MAKERS IN 20 DEVELOPING COUNTRIES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | TEN THOUSAND VILLAGES IS A GLOBAL MAKER-TO-MARKET MOVEMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | THE ORGANIZATION IS COMMITED TO THE FOLLOWING ETHICAL PRACTICES: |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | ENSURING MAKERS EARN A FAIR LIVING WAGE IN WAFE WORKING CONDITIONS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 16 | CARING FOR THE EARTH, INVESTING IN PARTNERSHIPS THAT |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 17 | EMPOWER COMMUNITIES AND CELEBATING CRAFT AND CULTURE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 18 | THE RETURN WAS PREPARED BY A CPA WITH ASSITANCE AND OVERSIGHT BY |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 19 | A BOARD MEMBER. UPON COMPLETION AND REVIEW, THE RETURN WAS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 20 | PROVIDED TO EACH VOTING BOARD MEMBER PRIOR TO FILING |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 21 | BOARD MEMBERS ARE REUIRED TO REVIEW THE CONFLICT OF INTERREST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 22 | POLICY ANNUALLY AND ANNOUNCE IN ADVANCE OF ANY DISCUSSION WHERE A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 23 | POTENTIAL CONFLICT MAY EXIST. THE CHAIR OF THE BOARD IS REQUIRED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 24 | TO MAKE INQUIRIES IF CONFLICTS APPEAR TO EXIST AND A BOARD MEMBER |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 25 | HAS NOT MADE IT KNOWN. THE POLICY REQUIRES FULL FECUSAL ON |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 26 | DISCUSSION AND VOTES OF MATTERS WITH POTENTIAL CONFLICTS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 27 | GOVERNING DOCUMENTS: CERTAIN INFORMATION AND DOCUMENTS RELATED TO |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 28 | THE ORGANIZATION ARE AVAILABLE UPON REQUEST TO THE BOARD SECRETARY |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part VI Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part VI Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part VI Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part VI Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | PT III LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | PT III LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | PT III LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | PT III LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | PT III LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | PT III LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | PT III LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | PT III LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | PT III LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | PT III LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | PT III LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | PT III LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 16 | PT III LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 17 | PT III LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 18 | PT VI LINE 11 B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 19 | PT VI LINE 11 B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 20 | PT VI LINE 11 B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 21 | PT VI LINE 12 C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 22 | PT VI LINE 12 C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 23 | PT VI LINE 12 C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 24 | PT VI LINE 12 C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 25 | PT VI LINE 12 C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 26 | PT VI LINE 12 C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 27 | PT VI LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 28 | PT VI LINE 19 |
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