2022-09-09T12:39:25-05:00 2021-12-31 FORVIS LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2021-01-01 752641151 Mercy Ships Foundation % FRED GROTE MERC 9039397000 PO Box 1298 Lindale TX 75771 MICHAEL COWAN DIRECTOR/TREASURER 9039397669 2022-11-15 true Michael Cowan 999009999 Jeanette Verrelli P00742631 9727028262 2021 2023-04-26 12:10:37Z BARBARA BASS PO BOX 1298 LINDALE TX 75771 117958184 false X WWW.MERCYSHIPS.ORG X 1993 TX SUPPORTS THE OPERATIONS OF MERCY SHIPS IN FURTHERANCE OF ITS MISSION. 9 9 0 9 0 0 11248113 40264189 0 0 157855 891849 1114964 -75752 12520932 41080286 16953467 84798702 0 0 0 0 0 0 0 99828 66802 17053295 84865504 -4532363 -43785218 100019661 196839830 626010 537810 99393651 196302020 THE FOUNDATION SUPPORTS THE OPERATIONS OF MERCY SHIPS, A QUALIFIED 501(C)(3) ORGANIZATION, IN THE FURTHERANCE OF ITS MISSION. false false 84798702 84798702 2800 THE FOUNDATION IS OPERATED AS A SUPPORTING ORGANIZATION FOR THE SUPPORT AND FURTHERANCE OF THE RELIGIOUS, CHARITABLE, AND EDUCATIONAL TAX-EXEMPT PURPOSES OF MERCY SHIPS. THE FOUNDATION IS OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE AND EDUCATIONAL PURPOSES. 84798702 true true false false false false false false false false true true false false false false true true false false true false false false false false false true false true false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false false false false false X 9 9 false false false false false true true true true false false true true true true true true false false false X FRED GROTE 9039397692 PO BOX 1298 LINDALE TX 75771 THOMAS STOGNER PART-YEAR FORMER CEO 0.2 45.5 X X 0 293404 18255 FRED GROTE PART-YEAR CFO 0.2 55.0 X 0 218935 24571 PAUL OWEN SECRETARY, NON-DIRECTOR 0.2 55.0 X 0 216345 21673 KERRY PETERSON PART-YEAR SECRETARY 0.2 55.0 X 0 160534 10210 BARBARA BASS CHAIR, DIRECTOR 0.2 0.0 X X 0 0 0 JIM BOYD DIRECTOR 0.2 0.0 X 0 0 0 ANN BROOKSHIRE DIRECTOR 0.2 0.0 X 0 0 0 MIKE COWAN TREASURER, DIRECTOR 2.0 0.0 X X 0 0 0 TROY GRIEPP DIRECTOR 0.2 0.5 X 0 0 0 GAYLORD HUGHEY DIRECTOR 0.2 0.0 X 0 0 0 PETER B SCHULZE DIRECTOR 2.0 3.0 X 0 0 0 MARK WHATLEY DIRECTOR 0.2 0.0 X 0 0 0 GUY WADE DIRECTOR 2.0 3.0 X 0 0 0 0 889218 74709 0 false true false 0 40016726 247463 40264189 0 431933 431933 0 0 180000 258552 -78552 0 -78552 -78552 76719262 360000 76259346 360000 459916 459916 459916 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 2800 2800 2800 41080286 2800 813297 84798702 84798702 0 0 0 0 0 0 0 0 0 0 4843 4843 8500 8500 0 0 0 0 0 53459 53459 0 0 0 0 0 0 0 0 0 0 84865504 84798702 66802 0 0 0 78369824 44182291 18770699 10686950 0 0 0 0 0 0 0 0 0 0 0 0 5551929 3280016 2879138 2271913 0 0 0 139698676 0 0 0 0 0 0 100019661 196839830 626010 537810 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 626010 537810 X 5308896 185311994 94084755 10990026 99393651 196302020 100019661 196839830 X -43785218 994911 139698676 X false true X true false X X 2 MERCY SHIPS INTERNATIONAL 752685233 7 false 0 0 MERCY SHIPS 262414132 7 true 84798702 0 2 84798702 0 34401014 43618783 45136183 11248113 40264189 174668282 0 0 34401014 43618783 45136183 11248113 40264189 174668282 23188386 151479896 413594 584485 282709 239563 1071849 2592200 0 65200 0 396200 1173290 0 1634690 178895172 2800 0.84675 0.81250 X false false false false false false false false false false false false false false false false false SCHEDULE A, PART IV, SECTION A, LINE 1 MERCY SHIPS FOUNDATION (THE FOUNDATION) IS ORGANIZED AND IS OPERATED AS A SUPPORTING ORGANIZATION FOR THE SUPPORT AND FURTHERANCE OF THE RELIGIOUS, CHARITABLE, AND EDUCATIONAL TAX-EXEMPT PURPOSES OF MERCY SHIPS. ALTHOUGH MERCY SHIPS INTERNATIONAL IS NOT EXPLICITLY MENTIONED IN THE FOUNDATION'S GOVERNING DOCUMENTS, MERCY SHIPS INTERNATIONAL IS THE DIRECT CONTROLLING ENTITY OF MERCY SHIPS, THE FOUNDATION'S SUPPORTED ORGANIZATION. THE FOUNDATION, THEREFORE, CONSIDERS MERCY SHIPS INTERNATIONAL AS A SUPPORTED ORGANIZATION AS WELL. SCHEDULE A, PART IV, SECTION B, LINE 1 MERCY SHIPS FOUNDATION (THE FOUNDATION) IS A TYPE I SUPPORTING ORGANIZATION TO MERCY SHIPS, WHICH IS DIRECTLY CONTROLLED BY MERCY SHIPS INTERNATIONAL. ALTHOUGH MERCY SHIPS INTERNATIONAL IS NOT EXPLICITLY MENTIONED IN THE FOUNDATION'S GOVERNING DOCUMENTS, MERCY SHIPS INTERNATIONAL IS CONSIDERED A SUPPORTED ORGANIZATION OF THE FOUNDATION DUE TO ITS CONTROL OF MERCY SHIPS. FURTHERMORE, PER THE FOUNDATION'S BYLAWS, IT IS ORGANIZED TO SUPPORT MERCY SHIPS AND OTHER ORGANIZATIONS WITH PURPOSES SIMILAR TO MERCY SHIPS. SCHEDULE A, PART II The organization is a supporting organization as described under 509(a)(3) and is not required to complete a public support schedule. The organization has analyzed Schedule A (Form 990), Part II and established that it meets the 33 1/3% public support requirements under sections 509(a)(1) and 170(b)(1)(A)(vi), thus it qualifies to use the first listed special rule for Schedule B (Form 990) reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13869 13869 5503462 3266754 2236708 34598 13262 21336 2271913 INVEST. GLM SHIPPING LTD CORP. 139698676 C 139698676 42597862 994911 258552 1253463 41344399 -264113 -264113 41080286 85388169 522665 522665 84865504 84865504 SCHEDULE D, PART XI, LINE 2D RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS TO RETURN: RENTAL EXPENSES $258,552 SCHEDULE D, PART XI, LINE 4B RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS TO RETURN: BAD DEBT EXPENSE $(264,113) SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS TO RETURN: RENTAL EXPENSES $258,552 BAD DEBT EXPENSE 264,113 ---------- $522,665 East Asia and the Pacific 0 0 Investments 139698676 0 0 0 0 139698676 139698676 true false true false false false SCHEDULE F, PART I GLOBAL MERCY SHIPPING LIMITED CORPORATION IS A MARSHALL ISLANDS ENTITY OWNED 100 PERCENT BY MERCY SHIPS FOUNDATION. true MERCY SHIPS PO BOX 2020 LINDALE TX 75771 262414132 501(C)3 84798702 GLM BUILD 1 SCHEDULE I, PART I, LINE 2 MERCY SHIPS FOUNDATION CONDUCTS PERIODIC REVIEWS OF FUNDS GRANTED TO ENSURE ALL FUNDS ARE PROPERLY RECORDED. THE GRANTS ARE GIVEN TO RELATED ORGANIZATIONS WITH COMMON MANAGEMENT, WHICH OVERSEE THE GRANT PURPOSES. false false false false false false false true false THOMAS STOGNER PART-YEAR FORMER CEO 0 253404 0 40000 0 0 0 7453 0 10802 0 311659 0 0 FRED GROTE PART-YEAR CFO 0 218935 0 0 0 0 0 6834 0 17737 0 243506 0 0 KERRY PETERSON PART-YEAR SECRETARY 0 160534 0 0 0 0 0 4728 0 5482 0 170744 0 0 PAUL OWEN SECRETARY, NON-DIRECTOR 0 216345 0 0 0 0 0 6717 0 14956 0 238018 0 0 SCHEDULE J, PART I, LINE 3 PROCESSES USED TO ESTABLISH COMPENSATION OF THE CEO & EXECUTIVE DIRECTOR: THE CEO IS PAID BY A RELATED ORGANIZATION, MERCY SHIPS. MERCY SHIPS USES THE FOLLOWING PROCESSES TO DETERMINE THE COMPENSATION: - COMPENSATION COMMITTEE - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEYS OR STUDIES - FORM 990 OF OTHER ORGANIZATIONS - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS: BONUSES PAID WERE DISCRETIONARY. BONUSES WERE DETERMINED BY APPROVED CONTRACTS FROM THE BOARD COMPENSATION COMMITTEE, RECRUITER/MERCY SHIPS HR CONTRACT NEGOTIATIONS, AND AGREEMENTS WITH THE VICE PRESIDENT AND CHIEF OPERATION OFFICER. FORM 990, PART VI, SECTION A, LINE 7A & 7B MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY: LESS THAN 50% OF THE DIRECTORS SHALL BE ELECTED BY MAJORITY VOTE OF THE BOARD OF DIRECTORS OF MERCY SHIPS, A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF TEXAS. THE BOARD OF DIRECTORS OF MERCY SHIPS, A RELATED ORGANIZATION, MUST APPROVE ANY AMENDMENTS MADE TO THE PURPOSE STATED IN THE ORGANIZATION'S ARTICLES OF INCORPORATION AND ANY CHANGES TO SECTION 4.3 ELECTION & QUALIFICATION AND SECTION 14 AMENDMENTS OF THE ORGANIZATION'S BYLAWS. The Mercy Ships Foundation Board has established an Investment Policy to guide the organization in managing its investments and delegated to the Finance and Investment Committee, comprised of three Board Members with extensive finance experience responsibility for oversight and management of MSF's investments. These responsibilities include the following; - Setting the asset allocation targets and ranges for the Portfolio, and modifying them from time to time. - Implementing this Policy, with input from MSF Staff and the Investment Adviser. - Overseeing the Portfolio's assets and reporting on the status of the Portfolio to the Board at least two times a year. - Engaging the Investment Adviser to assist the Finance and Investment Committee in carrying out its investment responsibilities and to implement the investment strategy and decisions of the Finance and Investment Committee. - Continuing or terminating the Investment Adviser and monitoring its performance. - Monitoring the fees and other expenses associated with the management and administration of Portfolio. In 2021 the Finance and Investment Committee met seven times including 5 times with the Investment Adviser. The results of each of those meetings were reported back to the full Board at their next meeting. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: THE ORGANIZATION'S FORM 990 WAS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE CHIEF FINANCIAL OFFICER AND TREASURER IN DETAIL. THE 990 WAS THEN PROVIDED ELECTRONICALLY TO ALL MEMBERS OF BOARD FOR THEIR REVIEW AND COMMENT. BOARD MEMBERS WERE THEN GIVEN AT LEAST ONE WEEK TO REVIEW THE FORM 990 AND SEND COMMENTS TO CHIEF FINANCIAL OFFICER. AFTER ALL COMMENTS AND QUESTIONS WERE ADDRESSED, THE 990 WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST: BOARD MEMBERS AND SENIOR STAFF INCLUDING OFFICERS ARE REQUIRED TO COMPLETE A CONFLICTS OF INTEREST QUESTIONNAIRE ON AN ANNUAL BASIS. DISCLOSURES ARE REQUIRED TO BE UPDATED WITH POTENTIAL CONFLICTS AS THEY BECOME KNOWN THROUGHOUT THE YEAR. IF A CONFLICT IS IDENTIFIED BY MANAGEMENT OR BY THE BOARD, THE PERSON WITH A CONFLICT RECUSES THEMSELVES FROM THE DECISION-MAKING PROCESS, AND THE BOARD VOTES ON WHETHER OR NOT TO ENGAGE IN THE TRANSACTION, BASED ON WHETHER IT IS IN THE BEST INTERESTS OF MERCY SHIPS FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS: MERCY SHIPS FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION AT THE INTERNATIONAL SUPPORT CENTER IN LINDALE, TEXAS DURING REGULAR BUSINESS HOURS. DOCUMENTS ARE ALSO MADE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF EXECUTIVE DIRECTORS OR KEY EMPLOYEES: THE FOUNDATION DOES NOT COMPENSATE ANY OFFICERS, DIRECTORS, OR MANAGEMENT. IN ACCORDANCE WITH THE INSTRUCTIONS, THESE QUESTIONS HAVE BEEN ANSWERED NO. IF AT SOME POINT COMPENSATION PLANS ARE CONSIDERED, THE ORGANIZATION WILL ADOPT THE COMPENSATION PROCESS USED BY MERCY SHIPS. FORM 990, GENERAL The most complete picture of Mercy Ships global operations is contained in the consolidated audited financial statements of Mercy Ships and its affiliates. The consolidated audited financial statements are available in their entirety on the Mercy Ships website at https://www.mercyships.org/2021-mercy-ships-audit-report/. As a party interested in the activities of Mercy Ships, we encourage you to visit our website and review the consolidated audited financial statements. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: INVESTMENT IN GLOBAL MERCY SHIPPING LIMITED $139,698,676 MERCY SHIPS INTERNATIONAL PO BOX 2020 LINDALE TX 75771 752685233 OWNS AFM TX 501(C)(3) 7 NA false MERCY SHIPS PO BOX 2020 LINDALE TX 75771 262414132 HEALTH CARE TX 501(C)(3) 7 MSI false GLOBAL MERCY SHIPPING LIMITED TRUST CO COMPLEX AJELTAKE ISLAND AJELTAKE ROAD MAJURO RM MH96960 SHIP OWNERSHIP MH NA C-CORP 0 139698676 1.00000 true false true true false false false false false false true false false false true true false false false false