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Nonprofit · EIN 81-1373447

THE MARKETPLACE INITIATIVE INC

Tax-exempt (reinstated) · VICTORIA, TX 77904

Financials

$116K$144K2023
Revenue Expenses · by fiscal year end
Financials of THE MARKETPLACE INITIATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990-EZ$115,925$143,855-$27,930$37,999$0$37,999
Financial details: 990-EZ for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$115,925
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$143,800
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Printing, publications and postage
$55
Program services (functional)
$55

Balance sheet and other

Total assets, start of year
$65,929
Total assets, end of year
$37,999
Total liabilities, end of year
$0
Net assets, end of year
$37,999
Cash, savings and investments
$37,999
Gross receipts
$115,925

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-EZ for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
William BauerPresident1$0
Sheila BauerSecretary0.5$0
Mark LongoriaTreasurer0.5$0

Address and contacts

Address (IRS master file)
112 CALLE RICARDO, VICTORIA, TX 77904-1204
Mailing address (990-N for 2020)
112 CALLE RICARDO, Victoria TX 77904
Principal officer (990-N for 2020)
William Bauer, 112 CALLE RICARDO, Victoria TX 77904
Signed the 990-EZ
William Bauer, President
Phone
(361) 935-8988

Mission

The Organization is organized for exclusively religious, charitable, educational, and scientific purposes within the meaning of Section 501 (c)(3) of the IRS Code of 1986 or the corresponding provision of any future United States Internal Revenue Law, including, for such purposes, the making of distributions to organizations that quality as exempt organizations under said Section 501 (c)(3) of the Internal Revenue Code of 1986. Specifically the Organization will provide benevolent assitance and charitable giving to those in need.

990-EZ for the year ended December 31, 2023

Program accomplishments

  • Funding of Global Evangelical Team - a 501c3 that focuses on mission and social work in the nation of India. Through our giving, 100s of orphans were care for and given an education this last year in different homes , a womans Bible School was built, adult literacy classes were given, over 140 pastors and leaders were helped and supported through training and educational and physical resources.
    Expenses $20 · grants $109,000
  • Funding of Equip the Nations, Inc. This money was used to help build two church buildings in Northern India. It was also used to help fund food and outreach ministry to thousands in and around Mumbai.
    Expenses $20 · grants $15,200
  • Funding of Ichthus International Ministries in Indore, India. This money was given to help with educational expenses of children at a childrens home and the slums in Northern India.
    Expenses $15 · grants $2,500
  • Heart for Mexico- organization that is being used to fund the training of leaders and pastors throughout mainly latin america and funding church plants. This money was used for a truck for their ministry
    grants $5,000
  • Significant Church Network - national ministry that encourages and equips small town pastors in America.
    grants $1,100
  • Faith Family Church -local church in Victoria Texas that is very involved in ministry in India. This money was used to help build the final stages of a childrens home that house and cares and educated children pulled from the sex slavery industry
    grants $10,000

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, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for THE MARKETPLACE INITIATIVE INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
81-1373447
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$37,999
Income (IRS master file)
$115,925

Revocation and reinstatement

Exemption revoked
May 15, 2019
Posted by the IRS
December 7, 2019
Reinstated
Effective May 15, 2019

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2023$115,925$143,855$37,999XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-N for 2020
Officer: William Bauer
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: William Scott Bauer
December 31, 2019≤ $50,000 receipts––e-Postcard

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 81-1373447).

Questions about THE MARKETPLACE INITIATIVE INC

What is the EIN of THE MARKETPLACE INITIATIVE INC?
The employer identification number (EIN) of THE MARKETPLACE INITIATIVE INC is 81-1373447.
Is THE MARKETPLACE INITIATIVE INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2019 and reinstated it effective May 15, 2019.
Are donations to THE MARKETPLACE INITIATIVE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE MARKETPLACE INITIATIVE 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 THE MARKETPLACE INITIATIVE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE MARKETPLACE INITIATIVE INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2023.
Who is the principal officer of THE MARKETPLACE INITIATIVE INC?
The 990-N for 2020 names William Bauer.
Who are the officers and directors of THE MARKETPLACE INITIATIVE INC?
The 990-EZ for the year ended December 31, 2023 lists 3 people; 0 received compensation from the organization.
How much revenue does THE MARKETPLACE INITIATIVE INC have?
On its 990-EZ for the year ended December 31, 2023 it reported revenue of $115,925, expenses of $143,855 and total assets of $37,999 at year end.

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