The Bottom Rung Inc, operating under the name The Marketplace, is located in Mooresville, NC. The organization was established in 2011. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marketplace is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Marketplace generated $75.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $84.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3
IN 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.
AZIZI 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.
ATELIER 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.
IN 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.
AZIZI 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.
ATELIER 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marisa Sellman Executive Director | 50 | $43,730 | |
Paige Davis Board Member | 1 | $0 | |
Scott Mann Board Member | 1 | $0 | |
Michael Myrick Board Member | 4 | $0 | |
Becky Mann Board Member | 1 | $0 | |
Crystal Johnsen Treasurer | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $5,270 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $75,109 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $55,749 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $2,100 |
Printing, publications, postage, and shipping | $17,324 |
Other expenses | $9,231 |
Total expenses | $84,404 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $65,566 |
Other assets | $0 |
Total assets | $106,133 |
Total liabilities | $6,716 |
Net assets or fund balances | $99,417 |
Over the last fiscal year, we have identified 3 grants that The Bottom Rung Inc has recieved totaling $3,600.
Awarding Organization | Amount |
---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,200 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,200 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,200 |
Organization Name | Assets | Revenue |
---|---|---|
Junior Achievement Of Georgia Inc Atlanta, GA | $25,901,404 | $11,179,246 |
Amazima Ministries International Education And Empowerment For East Franklin, TN | $5,696,478 | $7,457,934 |
Gray Matters Capital Inc Atlanta, GA | $45,313,464 | $11,858,965 |
Chalmers Center For Economic Development At Covenant College Lookout Mountain, GA | $1,151,964 | $2,299,914 |
Solar Sister Inc Great Falls, VA | $695,942 | $2,413,061 |
Junior Achievement Of Central Carolinas Charlotte, NC | $7,663,953 | $1,959,819 |
Justice And Mercy International Inc Nashville, TN | $1,957,323 | $2,696,538 |
Junior Achievement Of Memphis And The Mid-South Cordova, TN | $5,171,864 | $2,925,302 |
Junior Achievement Of Middle Tennessee Nashville, TN | $3,230,603 | $1,528,982 |
Junior Achievement International China Inc Raleigh, NC | $1,654,810 | $1,596,019 |
Junior Achievement Of Central Virginia Richmond, VA | $3,721,520 | $1,075,619 |
Five Talents U S A Vienna, VA | $799,220 | $1,258,418 |