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Nonprofit · EIN 56-1798187

WORLD MARKET PLACE INC

Also known as TEN THOUSAND VILLAGES

Tax-exempt · ASHEVILLE, NC 28801

Financials

$286K$344K2023$226K$272K2024$232K$288K2025
Revenue Expenses · by fiscal year end
Financials of WORLD MARKET PLACE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$232,266$287,547-$55,281$163,768$122,041$41,727
December 31, 2024990$225,650$271,500-$45,850$195,662$99,941$95,721
December 31, 2023990$285,736$343,502-$57,766$251,145$103,628$147,517
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$3,565
Program service revenue
$0
Investment income
$674
Net income from sales of inventory
$225,099
Other revenue
$228,027

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$126,122
Salaries, compensation and benefits (total)
$135,773
Professional fundraising fees
$0
Occupancy
$99,592
Program services (functional)
$236,842
Management and general (functional)
$50,705

Balance sheet and other

Total assets, start of year
$195,662
Total assets, end of year
$163,768
Total liabilities, end of year
$122,041
Net assets, end of year
$41,727
Land, buildings and equipment
$248
Gross receipts
$416,201
Employees
4
Volunteers
10
Year formed
1992
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
CINDY RICEBOARD CHAIR
Trustee or director
2$0
WILLIAM SCHULTZVICE CHAIR
Trustee or director
2$0
TARA NYANGATREASURER
Trustee or director
2$0
ELIZABETH HARVEYSECRETARY
Trustee or director
2$0
CAROL HUGHESBOARD MEMBER
Trustee or director
2$0
MARELLA BUNICKBOARD MEMBER
Trustee or director
2$0
RENUKA GUSAINBOARD MEMBER
Trustee or director
2$0
ANNA GARRETTBOARD MEMBER
Trustee or director
2$0
NANA JOHNSONBOARD MEMBER
Trustee or director
2$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensation
CINDY M RICEBOARD CHAIR
Trustee or director, Officer
2$0
WILLIAM SCHULTZVICE CHAIR
Trustee or director, Officer
2$0
TARA NYANGATREASURER
Trustee or director, Officer
2$0
ELIZABETH HARVEYSECRETARY
Trustee or director, Officer
2$0
CAROL HUGHESBOARD MEMBER
Trustee or director
1.5$0
MARELLA BUNCICKBOARD MEMBER
Trustee or director
1.5$0
RENUKA GUSAINBOARD MEMBER
Trustee or director
1.5$0
ANNA GARRETTBOARD MEMBER
Trustee or director
1.5$0
JANIE WILSONBOARD MEMBER
Trustee or director
1.5$0
ROB CAMPBELLBOARD MEMBER
Trustee or director
1.5$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
CAROL HUGHESCHAIR
Trustee or director, Officer
2$0
JANIE WILSONCO-CHAIR
Trustee or director, Officer
2$0
ROB CAMPBELLTREASURER
Trustee or director, Officer
1.5$0
TARA NYANGASECRETARY
Trustee or director, Officer
1.5$0
MARELLA BUNCICKBOARD MEMBER
Trustee or director
1.5$0
ELIZABETH HARVEYBOARD MEMBER
Trustee or director
1.5$0
CINDY RICEBOARD MEMBER
Trustee or director
1.5$0
WILLIAM SCHULTZBOARD MEMBER
Trustee or director
1.5$0

Address and contacts

Address (IRS master file)
10 COLLEGE ST, ASHEVILLE, NC 28801-2803
In care of
% CINDY M RICE
Principal officer (990 for 2025)
CINDY M RICE, 10 COLLEGE ST, ASHEVILLE, NC 28801
Signed the 990
CAROLYN B HUGHES, CPA
Phone
(828) 772-4877

Mission

TO CREATE OPPORTUNITIES FOR ARTISANS IN DEVELOPING COUNTRIES TO EARN INCOME BY BRINGING THEIR PRODUCTS AND STORIES TO OUR MARKET THROUGH LONG-TERM FAIR TRADING AND RELATIONSHIPS

990 for the year ended December 31, 2025

Program accomplishments

  • IN 2025 THE ORGANIZATION PURCHASED OVER 200,000 IN INVENTORY FROM ARTISANSS IN DEVELOPING COUNTRIES WHO ARE PAID A FAIR LIVING WAGE FOR THEIR PRODUCTS TEN THOUSAND VILLATES IN ASHEVILLE NC IS A FIAR TRADE RETAILER OF ARTISAN-CRAFTED HOME DECOR PERSONAL ACCESSORIES AND GIFT ITMES FROM ACROSS THE GLOBE AND FEATURES PRODUCTS FROM MORE THAT 130 ARTISAN GROUPS IN SOME 30 COUNTRIES. THE ORGANIZATION HELPS BREAK THE CYCLE OF POVERTY AND IMPACTS THE LIVES OF 20,000 MAKERS IN 30 COUNTRIES. THE ORGANIZATION IS COMMITTED TO THE FOLLOWING ETHICAL PRACTICES: ENSURING MAKERS EARN A FAIR LIVING WAGE IN SAFE WORKING CONDITIONS CARING FOR THE EARTH INVESTING IN PARTNERSHIPS THAT EMPOWER COMMUNITIES AND CELEBRATES CRAFT AND CULTURE
    Expenses $236,842

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-1798187
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1993
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Unknown (Z99Z)
Assets (IRS master file)
$163,768
Income (IRS master file)
$416,201

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$232,266$287,547$163,768XML
990December 2024$225,650$271,500$195,662XML
990December 2023$285,736$343,502$251,145XML
990December 2022$338,166$379,765$352,026IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1798187).

Questions about WORLD MARKET PLACE INC

What is the EIN of WORLD MARKET PLACE INC?
The employer identification number (EIN) of WORLD MARKET PLACE INC is 56-1798187.
Is WORLD MARKET PLACE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to WORLD MARKET PLACE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WORLD MARKET PLACE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WORLD MARKET PLACE INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WORLD MARKET PLACE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of WORLD MARKET PLACE INC?
The 990 for the year ended December 31, 2025 names CINDY M RICE.
Who are the officers and directors of WORLD MARKET PLACE INC?
The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does WORLD MARKET PLACE INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $232,266, expenses of $287,547 and total assets of $163,768 at year end.

Other nonprofits in ASHEVILLE

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