Marketplace Ministries, Inc. / Marketplace Chaplains

The information on this page was last updated 5/16/2023. 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

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating155 of 10928 of 58
Fund acquisition rating529 of 109527 of 58
Resource allocation rating313 of 109512 of 58
Asset utilization rating53 of 10924 of 58

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%15%11%17%13%25%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%0%0%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
83%2%3%3%5%6%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%0%0%1%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
17%98%97%97%95%94%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%87%81%82%81%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%101%96%102%101%100%
Program output ratio Program output ratio =
Program services /
Total revenue
77%88%77%84%82%82%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%-1%4%-2%-1%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
9%-7%20%-12%-2%-1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%13%19%18%18%17%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.963.663.113.803.212.97
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.381.201.211.341.391.47
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.344.403.765.104.464.38
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.952.973.624.365.145.46
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.340.280.230.190.18
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.771.812.311.812.172.24
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%33%28%22%20%20%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
97%18%23%21%25%27%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$2,170,327$1,713,266$705,301$784,496$603,887
Receivables, inventories, prepaids$715,472$909,723$933,092$818,543$894,627
Short-term investments$2,138,668$2,329,150$2,243,586$2,496,562$2,421,891
Other current assets$0$0$0$0$0
Total current assets$5,024,467$4,952,139$3,881,979$4,099,601$3,920,405
Long-term investments$0$0$0$0$0
Fixed assets$719,489$1,035,640$1,326,485$1,593,278$1,838,474
Other long-term assets$297,888$0$1,744$5,947$13,174
Total long-term assets$1,017,377$1,035,640$1,328,229$1,599,225$1,851,648
Total assets$6,041,844$5,987,779$5,210,208$5,698,826$5,772,053
 
Liabilities20212020201920182017
Payables and accrued expenses$1,444,556$1,297,688$801,102$734,657$670,659
Other current liabilities$249,499$69,308$89,007$62,691$47,625
Total current liabilities$1,694,055$1,366,996$890,109$797,348$718,284
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$303,326$285,706$248,873$347,478$408,663
Total long-term liabilities$303,326$285,706$248,873$347,478$408,663
Total liabilities$1,997,381$1,652,702$1,138,982$1,144,826$1,126,947
 
Net assets20212020201920182017
Without donor restrictions$3,703,172$3,760,874$3,178,568$3,600,014$3,666,683
With donor restrictions$341,291$574,203$892,658$953,986$978,423
Net assets$4,044,463$4,335,077$4,071,226$4,554,000$4,645,106
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$490,803$664,574$587,839$835,907$945,217
Program service revenue$21,322,072$18,812,065$18,688,249$17,359,077$16,022,098
Membership dues$0$0$0$0$0
Investment income$19,802$27,763$20,787$11,951$22,830
Other revenue$3,407$2,363$31,991$3,844$97,028
Total other revenue$21,345,281$18,842,191$18,741,027$17,374,872$16,141,956
Total revenue$21,836,084$19,506,765$19,328,866$18,210,779$17,087,173
 
Expenses20212020201920182017
Program services$19,263,809$15,019,095$16,151,761$14,912,784$13,967,327
Management and general$2,789,390$3,542,539$3,559,087$3,283,596$2,952,869
Fundraising$73,499$73,280$100,792$105,505$231,950
Total expenses$22,126,698$18,634,914$19,811,640$18,301,885$17,152,146
 
Change in net assets20212020201920182017
Surplus (deficit)($290,614)$871,851($482,774)($91,106)($64,973)
Other changes in net assets$0$0$0$0$0
Total change in net assets($290,614)$871,851($482,774)($91,106)($64,973)

Compensation

NameTitleCompensation
jason BrownChief Marketing Officer$191,642
Dick De WittPresident/CEO start: 4/21$162,215
Doug FagerstromDir/Exec. Pres./CEO End: 4/21$153,503
Larry KingCFO$153,390
Carroll MaclinPresident: MM International$132,556
Gary EllisCIO$112,080
Heather YarbroughDirector of HR$95,556

Compensation data as of: 12/31/2021


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 5/16/2023. 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 1,400,000 employees and family members.


Needs

There is a need for qualified chaplains due to the ever expanding partnership with more companies nationwide.