Marketplace Ministries, Inc. / Marketplace Chaplains 
The information on this page was last updated 7/20/2022. If you see errors or omissions, please email: [email protected]
Summary
Marketplace Chaplains is the largest and longest continuing provider of workplace chaplains to corporate America today.
Contact information
Mailing address:
Marketplace Chaplains
2001 West Plano Pkwy
Suite 3200
Plano, TX 75075
Website: mchapusa.com
Phone: 1-800-775-7657
Email: [email protected]
Organization details
EIN: 751977793
CEO/President: Jason Brown
Chairman: Robin Lewis
Board size: 8
Founder: Ann and Gil Stricklin
Ruling year: 1984
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 1996
Purpose
Marketplace Chaplains provides personalized and proactive employee care through the use of dedicated Chaplain Care Teams for each company location. Chaplains are voluntary to use, neutral from company operations, and conversations with them are strictly confidential.
Male, female, and ethnically diverse chaplains are either full time or assignment-based depending on company locations and number of employees served. Our chaplain teams make regularly scheduled work site visits.
Employee Care is NOT a video, a website, an e-book, or a booklet!
Mission statement
Marketplace Chaplains exists to share God's love in the workplace by providing an employee care service through Chaplain Teams.
Statement of faith
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Christian Growth
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 439 of 1050 | 26 of 58 |
| Fund acquisition rating | | 531 of 1051 | 28 of 58 |
| Resource allocation rating | | 558 of 1051 | 37 of 58 |
| Asset utilization rating | | 357 of 1050 | 20 of 58 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 25% | 25% | 18% | 29% | 26% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 0% | 1% | 1% | 1% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 86% | 2% | 2% | 3% | 4% | 7% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 0% | 1% | 1% | 1% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 14% | 98% | 98% | 97% | 96% | 93% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 81% | 81% | 81% | 80% | 80% |
Spending ratio Spending ratio = Total expenses / Total revenue | 91% | 95% | 96% | 106% | 96% | 94% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 77% | 78% | 85% | 77% | 75% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 9% | 5% | 4% | -6% | 4% | 6% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 11% | 8% | 6% | -8% | 5% | 8% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 19% | 19% | 19% | 18% | 18% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.91 | 1.24 | 1.42 | 1.39 | 1.17 | 1.18 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.35 | 5.49 | 8.26 | 7.90 | 8.98 | 9.68 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.62 | 6.83 | 11.75 | 11.01 | 10.47 | 11.42 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.68 | 1.98 | 1.89 | 2.08 | 2.27 | 2.02 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.50 | 0.53 | 0.48 | 0.44 | 0.50 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.72 | 0.87 | 0.48 | 0.57 | 0.64 | 0.53 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 11% | 11% | 8% | 9% | 8% | 8% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 89% | 72% | 65% | 66% | 79% | 78% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $1,830,421 | $778,214 | $867,690 | $783,970 | $675,671 |
| Receivables, inventories, prepaids | $909,723 | $934,836 | $824,490 | $887,469 | $798,447 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,740,144 | $1,713,050 | $1,692,180 | $1,671,439 | $1,474,118 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,035,640 | $1,326,485 | $1,593,278 | $1,838,474 | $1,743,235 |
| Other long-term assets | $11,270,726 | $11,107,499 | $10,087,256 | $11,507,646 | $11,059,121 |
| Total long-term assets | $12,306,366 | $12,433,984 | $11,680,534 | $13,346,120 | $12,802,356 |
| Total assets | $15,046,510 | $14,147,034 | $13,372,714 | $15,017,559 | $14,276,474 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $1,381,096 | $905,909 | $813,948 | $687,959 | $685,131 |
| Other current liabilities | $0 | $0 | $0 | $47,625 | $46,069 |
| Total current liabilities | $1,381,096 | $905,909 | $813,948 | $735,584 | $731,200 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $262,097 | $238,301 | $330,058 | $408,663 | $382,987 |
| Total long-term liabilities | $262,097 | $238,301 | $330,058 | $408,663 | $382,987 |
| Total liabilities | $1,643,193 | $1,144,210 | $1,144,006 | $1,144,247 | $1,114,187 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $5,846,349 | $5,377,297 | $5,637,201 | $6,759,198 | $6,857,034 |
| With donor restrictions | $7,556,968 | $7,625,527 | $6,591,507 | $7,114,114 | $6,305,253 |
| Net assets | $13,403,317 | $13,002,824 | $12,228,708 | $13,873,312 | $13,162,287 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $312,051 | $450,695 | $589,861 | $812,789 | $1,190,444 |
| Program service revenue | $18,812,065 | $18,688,249 | $17,359,077 | $16,022,098 | $15,414,965 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $606,704 | $1,678,907 | ($407,028) | $1,260,860 | $1,337,723 |
| Other revenue | $2,363 | $79,572 | $89,213 | $119,307 | $1,989 |
| Total other revenue | $19,421,132 | $20,446,728 | $17,041,262 | $17,402,265 | $16,754,677 |
| Total revenue | $19,733,183 | $20,897,423 | $17,631,123 | $18,215,054 | $17,945,121 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $15,100,069 | $16,259,103 | $15,010,835 | $14,086,836 | $13,496,497 |
| Management and general | $3,545,409 | $3,750,659 | $3,522,569 | $3,185,243 | $3,021,768 |
| Fundraising | $79,212 | $113,545 | $105,503 | $231,950 | $312,127 |
| Total expenses | $18,724,690 | $20,123,307 | $18,638,907 | $17,504,029 | $16,830,392 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $1,008,493 | $774,116 | ($1,007,784) | $711,025 | $1,114,729 |
| Other changes in net assets | $0 | $0 | ($636,820) | $0 | $0 |
| Total change in net assets | $1,008,493 | $774,116 | ($1,644,604) | $711,025 | $1,114,729 |
Compensation
| Name | Title | Compensation |
| Doug Fagerstrom | Director/Exec. Pres./CEO | $224,958 |
| Jason Brown | Chief Marketing Officer | $179,001 |
| Larry King | CFO | $150,379 |
| Charles Sizemore | Executive Vice President | $125,131 |
| Rachia Green | Executive Vice President | $125,131 |
Compensation data as of: 12/31/2020
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 7/20/2022. To update the information below, please email: [email protected]
History
Founded in Dallas, Texas, on January 1, 1984, it has expanded every year for the past 39 years and today serves every state in the country as well as many companies in Canada and Mexico.
Founder Gil Stricklin's visionary leadership and willingness to obey God's call, along with support and encouragement from his wife Ann, fueled him to persistently present the idea to Dallas-area business leaders for years. Ed Bonneau became the first company leader as soon as he heard about the idea, immediately seeing it as the solution to solving many of his employees' problems. Gil then became the first chaplain, serving Bonneau's sunglasses distribution company.
Program accomplishments
Over 2,000 chaplains now serve from California to Massachusetts, providing personal care for more than 1,290,000 employees and family members.
Needs
There is a need for qualified chaplains due to the ever expanding partnership with more companies nationwide.