Marketplace Ministries, Inc.

Summary

Marketplace Ministries is a proactive and personalized Employee Care Provider. Client companies receive a team of chaplains who visit the work site regularly and are available for crisis care and confidential chaplain discussions, 24 hours a day, 365 days a year. Chaplains help meet the needs of company employees and their families under an umbrella of compassion and concern.

This organization is a nonprofit. Contributions to it are fully deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Contact information

Mailing address:
12900 Preston Rd.
Suite 1215
Dallas, TX 75230-1328

Website: www.marketplaceministries.com

Phone: (972) 385-7657

Email: mmihg@marketplaceministries.com


Organization details

EIN: 751977793

CEO/President: Mr. Douglas L. Fagerstrom

Chairman: Mr. Calvin McKaig

Board size: 26

Founder: Mr. Gilford Stricklin, Sr.

Year founded: 1984

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1996


Purpose

Marketplace Ministries, Inc. ("Marketplace Ministries") has hundreds of chaplains that provide ministerial services to thousands of employees working in various client companies during the year. Marketplace Ministries is neither associated with, sponsored by, nor does it represent any single church or denomination. This Christian ministry organization is cross-denominational in its composition and practice. However, its ministry is an extension of the outreach of local churches into the business and industrial world through the ministry of Corporate Chaplains. Marketplace Ministries is dedicated to being a parallel organization with the local church, with each Chaplain under a local New Testament church pastor of his or her choice. Every Chaplain and support staff person is a member of a local church, and participates in its corporate worship and service. Also, several hundred local church pastors serve as on-call or part-time Chaplains with Marketplace Ministries.

This organization is a nonprofit. Contributions to it are fully deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Mission statement

Marketplace Ministries, Inc. uses the following to express its Mission Statement:

MPM exists to share God's love through chaplains in the workplace by an on-site Employee Care Program for client companies.


Statement of faith

Marketplace Ministries uses the following to express its statement of faith:

Article I
The Scriptures:
We believe that "all Scripture is given by inspiration of God," by which we understand the whole Bible is inspired in the sense that holy men of God "were moved by the Holy Spirit" to write the very words of Scripture. We believe that this divine inspiration extends equally and fully to all parts of the writings - historical, poetical, doctrinal, and prophetical - as appeared in the original manuscripts. We believe that the whole Bible in the originals is therefore without error. We believe that all Scripture centers around the Lord Jesus Christ in His person and work, in His first and second coming, and hence that no portion, even of the Old Testament, is properly read or understood until it leads to Him. We also believe that all the Scriptures were designed for our practical instruction.

Article II
The Godhead:
We believe that the Godhead eternally exists in three persons - the Father, the Son, and the Holy Spirit - and that these three are one God, having precisely the same nature, attributes, and perfection, and worthy of precisely the same homage, confidence, and obedience.

Article III
Man Created and Fallen
We believe that man was originally created in the image and after the likeness of God, and that he fell through sin, and as a consequence of his sin, lost his spiritual life, becoming dead in trespasses and sins, and that he became subject to the power of the devil. We also believe that this spiritual death, or total depravity of human nature, has been transmitted to the entire human race of man, the man Christ Jesus alone being excepted; and hence that every child of Adam is born into the world with a nature which not only possesses no spark of divine life, but is essentially an unchangeably unholy apart from divine grace.

Article IV
The Godhead
We believe that, as provided and purposed by God and as preannounced in the prophecies of the Scriptures, the eternal Son of God, Jesus Christ, came into this world that He might manifest God to men, fulfill prophecy, and become the Redeemer of a lost world. To this end, He was born of the Virgin Mary and received a human body and a sinless human nature.

We believe that in infinite love for the lost, He voluntarily accepted His Father's will and became the divinely provided sacrificial Lamb and took away the sin of the world, bearing the holy judgments against sin which the righteousness of God must impose. His death was therefore substitutionay in the most absolute sense - the just for the unjust - and by His death He became the Savior.

We believe that after His death on the cross, Jesus was buried, and was raised from the dead on the third day, according to the Scriptures. His resurrected body is the same body, though glorified, in which He lived and died. His glorified body is the pattern of the resurrection body which all believers will ultimately receive (Luke 24:39-43; 1 Cor. 15:4; Phil. 3: 20-21).

We believe that forty days after His resurrection, Jesus ascended into heaven to be enthroned at the right hand of God. His ascension is assurance that His sacrifice secured the redemption of all believers. From His throne, He rules in absolute authority over all things, and makes intercession for His people (Acts 1: 3-9; Heb. 1:3; Eph. 1: 22-23; Heb. 7:25).

Article V
Salvation Only Through Christ
We believe that, owing to universal death through sin, no one can enter the Kingdom of God unless born again; and that no degree of reformation, however great, no attainments in morality, however administered, can help the sinner to take even one step toward heaven; but a new life implanted by the Holy Spirit through the Word is absolutely essential to salvation, and only those saved are children of God. We believe also that our redemption has been accomplished solely by the blood of our Lord Jesus Christ.

Article VI
The Extent of Salvation
We believe that when an unregenerate person exercises that faith in Christ which is illustrated and described as such in the New Testament, he passes immediately out of spiritual death into spiritual life and from the old creation into the new. (II Cor. 5:17)

Article VII
The Holy Spirit
We believe that the Holy Spirit, the Third Person of the blessed Trinity, though omnipresent from all eternity, took up His abode in the world in a special sense on the day of Pentecost according to the divine promise, and indwelling every believer, and by His baptism unites all Christians to Christ in one Body, and that He, as the Indwelling One, is the source of all power and all acceptable worship and service.

Article VIII
The Church, A Unity of Believers
We believe that all who are united to the risen and ascended Son of god are members of the Church which is the Body and Bride of Christ, which began at Pentecost and is completely distinct from Israel. Its members are constituted as such regardless of membership or nonmembership in the organized churches of earth. We believe that by the same Spirit all believers in this age are baptized into, and thus become, one Body that is Christ's, whether Jews or Gentiles; and having become members one of another, are under some duty to keep the unity of the Spirit in the bond of peace, rising above all sectarian differences, and loving one another with a pure heart fervently.

Article IX
The Local Church
We believe that the local congregation of believers in Jesus Christ is the primary instrument of God in the world today for the purpose of Biblical teaching, corporate worship, encouragement and fellowship, discipling believers, evangelism and mission efforts. Therefore, we believe the Christian should make a commitment to a local church where he/she can give and receive ministry, and practice Biblical stewardship.

Article X
The Ordinances
We believe that Water Baptism and the Lord's Supper are the only ordinances of the Church and that they are a scriptural means of testimony for the Church in this age.

Article XI
The Christian's Walk
We believe that we are called with a holy calling to walk not after the flesh but after the Spirit, and so to live in the Power of the indwelling Spirit that we will not fulfill the lust of the flesh. But the flesh with its fallen, Adamic nature, which in this life is never totally eradicated, being with us to the end of our earthly pilgrimage, needs to be kept by the Spirit constantly in subjection to Christ, or it will surely manifest its presence in our lives to the dishonor of our Lord.

Article XII
The Christian's Service
We believe that divine, enabling gifts for service are bestowed by the Spirit upon all who are saved. While there is a diversity of gifts, each believer is energized by the same Spirit, and each is called to his own divinely appointed service as the Spirit may will. In the apostolic church there were certain gifted men - apostles, prophets, evangelists, pastors, and teachers - who are appointed by God for the equipping of the saints unto their work of the ministry. We believe also that today some men are especially called of God to be evangelists, pastors and teachers, and that it is to the fulfilling of His will and to His eternal glory that these shall be sustained and encouraged in their service for God.

We believe that, wholly apart from salvation benefits which are bestowed equally upon all who believe, rewards are promised according to the faithfulness of each believer in his service for his Lord, and that these rewards will be bestowed at the Judgment Seat of Christ after He comes to receive His own to Himself.

Article XIII
Glossolalia (Speaking in Tongues)
We are an interdenominational ministry which seeks to serve and cooperate with all segments of the Body of Christ. We realize that there is division in the Body of Christ over the matter of speaking in tongues. The Directors of Marketplace Ministries Inc. have decided upon the following policy: Any MMI staff member who feels that he/she has the gift of tongues should practice the gift of tongues only in their devotional life or in their local church worship. Glossolalia will not be practiced or taught in any MMI activity.

Article XIV
The Great Commission
We believe that it is the explicit message of our Lord Jesus Christ to those whom He has saved that Christian are sent forth by Him into the marketplace of the world even as He was sent forth of His Father. We believe that after we are saved, we are divinely reckoned to be related to this world as strangers and pilgrims, ambassadors and witnesses, and that a major purpose in every believer's life should be to make Christ known to the world.

Article XV
The Second Coming of Christ
We believe that the period of great tribulation in the earth will be climaxed by the return of the Lord Jesus Christ to the earth as He went, in person on the clouds of heaven, and with power and great glory. His coming is the blessed hope of every believer and brings to earth the visible Kingdom of God.

Article XVI
The Eternal State
We believe that at death the spirits and souls of those who have trusted in the Lord Jesus Christ for salvation pass immediately into His presence. There they remain in Heaven's conscious bliss until the resurrection of the glorified body when Christ comes for His own. Whereupon, soul and body reunited shall be associated with Him forever in glory. The spirits and souls of the unbelieving remain after death conscious of condemnation and in misery until final judgment. Then soul and body, reunited, shall be cast into the lake of fire, not to be annihilated, but to be punished with everlasting destruction in hell from the presence of the Lord and from the glory of His power.

Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating334 of 43031 of 46
Fund acquisition rating227 of 43026 of 46
Resource allocation rating259 of 43025 of 46
Asset utilization rating385 of 43038 of 46

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%29%26%36%16%28%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%1%2%2%2%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%4%7%6%10%5%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%1%2%2%2%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%96%93%94%90%95%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%80%80%81%80%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%96%94%101%93%96%
Program output ratio Program output ratio =
Program services /
Total revenue
81%77%75%81%75%77%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%4%6%-1%7%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%5%8%-2%20%15%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%18%18%17%18%18%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.321.171.182.652.292.75
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.538.989.684.492.741.06
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.5310.4711.4211.896.262.92
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.102.272.021.753.127.07
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.440.500.570.320.14
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.060.640.530.431.303.53
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%8%8%19%21%18%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
64%79%78%31%34%30%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$783,970$675,671$970,518$1,794,803$4,041,290
Receivables, inventories, prepaids$887,469$798,447$377,263$521,485$554,277
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,671,439$1,474,118$1,347,781$2,316,288$4,595,567
Long-term investments$0$0$4,122,567$3,442,568$0
Fixed assets$1,838,474$1,743,235$226,306$105,314$41,787
Other long-term assets$11,507,646$11,059,121$351,890$471,987$250,866
Total long-term assets$13,346,120$12,802,356$4,700,763$4,019,869$292,653
Total assets$15,017,559$14,276,474$6,048,544$6,336,157$4,888,220
 
Liabilities20172016201520142013
Payables and accrued expenses$687,959$685,131$720,357$699,192$505,594
Other current liabilities$47,625$46,069$49,371$44,181$144,839
Total current liabilities$735,584$731,200$769,728$743,373$650,433
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$14,762$118,924$1,746
Other long-term liabilities$408,663$382,987$351,890$471,984$250,866
Total long-term liabilities$408,663$382,987$366,652$590,908$252,612
Total liabilities$1,144,247$1,114,187$1,136,380$1,334,281$903,045
 
Net assets20172016201520142013
Unrestricted$6,759,198$6,857,034$3,706,873$3,674,280$2,789,447
Temporarily restricted$3,041,534$2,526,148$1,205,291$1,327,596$1,195,728
Permanently restricted$4,072,580$3,779,105$0$0$0
Net assets$13,873,312$13,162,287$4,912,164$5,001,876$3,985,175
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$812,789$1,190,444$937,208$1,493,664$672,460
Program service revenue$16,022,098$15,414,965$15,034,131$13,897,654$13,352,140
Membership dues$0$0$0$0$0
Investment income$1,260,860$1,337,723$3,475$149,060$10,972
Other revenue$119,307$1,989($39,530)($13,201)$5,683
Total other revenue$17,402,265$16,754,677$14,998,076$14,033,513$13,368,795
Total revenue$18,215,054$17,945,121$15,935,284$15,527,177$14,041,255
 
Expenses20172016201520142013
Program services$14,086,836$13,496,497$12,936,469$11,664,487$10,820,049
Management and general$3,185,243$3,021,768$2,747,938$2,603,146$2,415,161
Fundraising$231,950$312,127$340,589$242,843$191,410
Total expenses$17,504,029$16,830,392$16,024,996$14,510,476$13,426,620
 
Change in net assets20172016201520142013
Surplus (deficit)$711,025$1,114,729($89,712)$1,016,701$614,635
Other changes in net assets$0$0$0$0$0
Total change in net assets$711,025$1,114,729($89,712)$1,016,701$614,635

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments

Marketplace Ministries accomplishments and programs include some of the following:

(1) Worksite Relationships:
Serve as the Corporate Chaplains and Pastoral Mentors for all employees and immediate family members.

Provide 24 hour, 365 day-a-year Chaplain Emergency On-Call availability for crisis intervention, and work closely with management on any emergency situation or employee needs.

As part of the personalized and proactive Employee Assistance Program, Chaplains will develop relationships and maintain contact with personnel through work site visits to the Company. Additional contact with personnel will be by telephone communications, attendance at employee meetings (when requested by management), announcements on employee bulletin boards, and /or by other means to establish a trust and confident relationship with employees.

(2) Chaplain Ministry Team Activities:

(3) Pastoral Care Ministries:

(4) Support Activities:


Needs

Marketplace Ministries has communicated the following needs:

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