Vessels of Mercy International meets the 20 Standards for Charity Accountability.
Vessels of Mercy International (VMI) reports that it is a Christian organization that operates relief and development programs to alleviate poverty. Programs include temporary shelters, vocational training, religious education, tutor and mentoring courses to at-risk youth, medical care clinics, and the provision of food, clothing, shoes, and relief supplies. The organization also offers economic development programs through partnering with organizations and communities engaged in farming and agro forestry to improve crop yield and supply individuals with small livestock to become self-sustaining economically.
For the year ended December 31, 2019, Vessels of Mercy International's program expenses were:
Program services |
$157,925 |
Total Program Expenses: |
$157,925 |
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Chief Executive
Beverly A. Gibson, Founder and Chief Executive Officer
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Compensation*
$54,300
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Chair of the Board
Brenda Raney
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Chair's Profession / Business Affiliation
Vice President, Vessels of Mercy International
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Board Size
8
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Paid Staff Size
1
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 6% of related contributions. (Related contributions, which totaled $182,505 are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Vessels of Mercy International's Unaudited financial statements for the year ended December 31, 2019.
Source of Funds |
Contributions |
$142,114 |
Special events, net |
$33,749 |
Gift catalog |
$6,642 |
Mission trip |
$6,548 |
Other income |
$1,849 |
Total Income |
$190,902 |
- Programs: 74%
- Administrative: 21%
- Fundraising: 5%
Total Income |
$190,902 |
Program expenses |
$157,925 |
Fundraising expenses |
$11,710 |
Administrative expenses |
$45,509 |
Other expenses |
$0 |
Total expenses: |
$215,144 |
Income in Excess of Expenses |
$-24,242 |
Beginning Net Assets |
$374,010 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$349,769 |
Total Liabilities |
$9,747 |
Total Assets |
$359,516 |