Nonprofit · EIN 75-2641151
MERCY SHIPS FOUNDATION
Tax-exempt · LINDALE, TX 75771
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,157,408 | $18,421 | $5,138,987 | $278,926,358 | $10,687,050 | $268,239,308 |
| December 31, 2023 | 990 | $4,147,992 | $1,397,977 | $2,750,015 | $250,510,557 | $5,305,278 | $245,205,279 |
| December 31, 2021 | 990 | $41,080,286 | $84,865,504 | -$43,785,218 | $196,839,830 | $537,810 | $196,302,020 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,231,363
- Program service revenue
- $0
- Investment income
- $3,155,597
- Net rental income
- -$229,552
- Net gain from sales of assets
- $100,013
- Other revenue
- -$229,552
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $17,650
- Program services (functional)
- $550
- Management and general (functional)
- $17,871
Balance sheet and other
- Total assets, start of year
- $250,510,557
- Total assets, end of year
- $278,926,358
- Total liabilities, end of year
- $10,687,050
- Net assets, end of year
- $268,239,308
- Land, buildings and equipment
- $3,680,066
- Publicly traded securities
- $122,297,672
- Net assets without donor restrictions
- $264,901,107
- Net assets with donor restrictions
- $3,338,201
- Gross receipts
- $21,881,632
- Employees
- 0
- Volunteers
- 11
- Year formed
- 1993
- State of legal domicile
- TX
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NICOLAS ADAME | CFO OF MERCY SHIPS START: 01/08/2024 Officer | 0.7 | $0 | $235,571 | $31,858 |
| PAUL OWEN | Non-Director Board Secretary End: 7/16/2024 Officer | 0.5 | $0 | $247,863 | $15,090 |
| David Schwab | General Counsel Start: 12/5/2024 Officer | 0.5 | $0 | $108,065 | $0 |
| LINDA PRUETT | ASSISTANT SECRETARY Officer | 0.2 | $0 | $72,109 | $7,473 |
| GUY WADE | TREASURER, DIRECTOR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| MIKE COWAN | CHAIR, DIRECTOR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ANN BROOKSHIRE | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| BARBARA BASS | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| GAYLORD HUGHEY | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| HENRY CLARKE | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| JIM BOYD | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| MARK WHATLEY | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| PETER B SCHULZE | Director Trustee or director | 2 | $0 | $0 | $0 |
| RUBEN MARTIN | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| TROY GRIEPP | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| FRED GROTE | CFO OF MERCY SHIPS End: 9/30/23 Officer | 0.2 | $0 | $290,354 | $24,120 |
| PAUL OWEN | Non-Director Board Secretary Officer | 0.2 | $0 | $235,505 | $32,587 |
| LINDA PRUETT | ASSISTANT SECRETARY Officer | 0.2 | $0 | $60,051 | $9,502 |
| BARBARA BASS | CHAIR, DIRECTOR Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| MIKE COWAN | TREASURER, DIRECTOR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ANN BROOKSHIRE | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| GAYLORD HUGHEY | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| GUY WADE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| HENRY CLARKE | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| JIM BOYD | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| MARK WHATLEY | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| PETER B SCHULZE | Director Trustee or director | 2 | $0 | $0 | $0 |
| RUBEN MARTIN | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| TROY GRIEPP | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
990 for the year ended December 31, 2021: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS STOGNER PART-YEAR | FORMER CEO Trustee or director, Officer | 0.2 | $0 | $293,404 | $18,255 |
| FRED GROTE PART-YEAR | CFO Officer | 0.2 | $0 | $218,935 | $24,571 |
| PAUL OWEN | SECRETARY, NON-DIRECTOR Officer | 0.2 | $0 | $216,345 | $21,673 |
| KERRY PETERSON PART-YEAR | SECRETARY Officer | 0.2 | $0 | $160,534 | $10,210 |
| BARBARA BASS | CHAIR, DIRECTOR Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| JIM BOYD | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| ANN BROOKSHIRE | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| MIKE COWAN | TREASURER, DIRECTOR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| TROY GRIEPP | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| GAYLORD HUGHEY | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| PETER B SCHULZE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MARK WHATLEY | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| GUY WADE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1298, LINDALE, TX 75771-1298
- In care of
- % MICHAEL COWAN
- Principal officer (990 for 2024)
- BARBARA BASS, PO BOX 1298, LINDALE, TX 75771
- Signed the 990
- MICHAEL COWAN, DIRECTOR/CHAIR
- Phone
- (903) 939-7000
- Website
- http://www.mercyships.org/
- Return prepared by
- Forvis Mazars LLP
Mission
THE FOUNDATION SUPPORTS THE OPERATIONS OF MERCY SHIPS INTERNATIONAL, A QUALIFIED 501(C)(3) ORGANIZATION, IN THE FURTHERANCE OF ITS MISSION.
Program accomplishments
- 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 INTERNATIONAL. THE FOUNDATION IS OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE AND EDUCATIONAL PURPOSES.Expenses $550
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2641151
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $278,926,358
- Income (IRS master file)
- $21,881,632
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,157,408 | $18,421 | $278,926,358 | IRS |
| 990 | December 2023 | $4,147,992 | $1,397,977 | $250,510,557 | XML |
| 990 | December 2022 | $58,837,465 | $9,481,714 | $231,178,366 | IRS |
| 990 | December 2021 | $41,080,286 | $84,865,504 | $196,839,830 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 75-2641151).
Questions about MERCY SHIPS FOUNDATION
- What is the EIN of MERCY SHIPS FOUNDATION?
- The employer identification number (EIN) of MERCY SHIPS FOUNDATION is 75-2641151.
- Is MERCY SHIPS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to MERCY SHIPS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does MERCY SHIPS FOUNDATION 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 MERCY SHIPS FOUNDATION 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 MERCY SHIPS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MERCY SHIPS FOUNDATION?
- The 990 for the year ended December 31, 2024 names BARBARA BASS.
- Who are the officers and directors of MERCY SHIPS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does MERCY SHIPS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,157,408, expenses of $18,421 and total assets of $278,926,358 at year end.
Other nonprofits in LINDALE
- MESSENGERS OF MERCY EIN 36-4203666 · last filed 990 for 2025
- STARVIT FOUNDATION EIN 88-2409375 · last filed 990-PF for 2024
- HIDE-A-WAY LAKE KIWANIS FOUNDATION EIN 75-2498895 · last filed 990-EZ for 2025
- SMITH COUNTY TEXAS PETS ALIVE INC EIN 46-3703558 · last filed 990-EZ for 2024
- ALFRED AND FAY GROSSE MEMORIAL TR EIN 14-6324057 · last filed 990-PF for 2025
- KIDS ONLY TRIATHLON INC EIN 02-0603402 · last filed 990-N for 2024
- GROUND 7 MINISTRIES INC EIN 39-3332992 · last filed 990-N for 2025
- LINDALE ROTARY CHARITIES EIN 75-2782851 · last filed 990-N for 2024
All nonprofits in LINDALE · Texas · Philanthropy, voluntarism and grantmaking foundations