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

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating269 of 102525 of 74
Fund acquisition rating518 of 102738 of 74
Resource allocation rating440 of 102738 of 74
Asset utilization rating181 of 102516 of 74

Financial ratios

Funding ratiosSector median20202019201820172016
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
83%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
17%98%98%97%96%93%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%81%81%81%80%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%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
7%5%4%-6%4%6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
9%8%6%-8%5%8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%19%19%19%18%18%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.881.241.421.391.171.18
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.365.498.267.908.989.68
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.456.8311.7511.0110.4711.42
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
15.311.981.892.082.272.02
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.500.530.480.440.50
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.580.870.480.570.640.53
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%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
94%72%65%66%79%78%

Financials

Balance sheet
 
Assets20202019201820172016
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
 
Liabilities20202019201820172016
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 assets20202019201820172016
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
 
Revenue20202019201820172016
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
 
Expenses20202019201820172016
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 assets20202019201820172016
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

NameTitleCompensation
Doug FagerstromDirector/Exec. Pres./CEO$224,958
Jason BrownChief Marketing Officer$179,001
Larry KingCFO$150,379
Charles SizemoreExecutive Vice President$125,131
Rachia GreenExecutive 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.