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MERCY SHIPS FOUNDATION

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Public IRS 990 nonprofit record

MERCY SHIPS FOUNDATION

EIN 75-2641151 · Philanthropy, Voluntarism & Grantmaking Foundations N.E.C. (T99)

What they do

THE FOUNDATION SUPPORTS THE OPERATIONS of MERCY SHIPS INTERNATIONAL, A QUALIFIED 501(C)(3) ORGANIZATION, IN THE FURTHERANCE of ITS MISSION.

Before you give

Are they doing good?

Easy charity check
Good signs so far

The public paperwork has several good signs. Now check whether the charity can show who it helped.

Here is the honest answer: A tax form shows money and paperwork. It cannot prove that people, animals, or the community were truly helped.

Good signs we looked for

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$0.36spent for every $100 of revenueRevenue covered expenses this year.
$97.00of every $100 spent went to management and office costsThis number alone does not tell us how much good they did.
$15,141.76in assets for every $1 spent this yearSome assets cannot be spent right away.
43.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $31,858 for NICOLAS ADAME (CFO OF MERCY SHIPS START: 01/08/2024). Compare pay with organizations of similar size and complexity.

Bottom line: Good paperwork is a good sign—not proof. The best answer comes when the charity can show what it changed, who it helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$5,157,408
Expenses$18,421
Annual surplus $5,138,987 Revenue was higher than expenses for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Management and general$17,871 · 97.0% of expenses
Grants paid$178,992,531 · 971,676.5% of expenses
This source amount exceeds total expenses; compare the filing details carefully.
See all reported dollar amounts
Revenue$5,157,408
Expenses$18,421
Assets$278,926,358
Income$21,881,632
Contributions$2,231,363
Grants given$178,992,531
Average grant$29,832,089
Management and general$17,871
Stocks and bonds$122,297,672
Accounting fees$17,650
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
NICOLAS ADAMECFO OF MERCY SHIPS START: 01/08/2024 · 1 hrs/week $31,858Base · Other $31,858
PAUL OWENNON-DIRECTOR BOARD SECRETARY END: 7/16/2024 $15,090Base · Other $15,090
LINDA PRUETTASSISTANT SECRETARY $7,473Base · Other $7,473

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

NICOLAS ADAMECFO OF MERCY SHIPS START: 01/08/2024

PAUL OWENNON-DIRECTOR BOARD SECRETARY END: 7/16/2024

LINDA PRUETTASSISTANT SECRETARY

ANN BROOKSHIREDIRECTOR

BARBARA BASSDIRECTOR

DAVID SCHWABGENERAL COUNSEL START: 12/5/2024

GAYLORD HUGHEYDIRECTOR

GUY WADETREASURER, DIRECTOR

HENRY CLARKEDIRECTOR

JIM BOYDDIRECTOR

MARK WHATLEYDIRECTOR

MIKE COWANCHAIR, DIRECTOR

PETER B SCHULZEDIRECTOR

RUBEN MARTINDIRECTOR

TROY GRIEPPDIRECTOR

About this charity

Recognized since
January 1996
Location
PO BOX 1298, LINDALE, TX 75771
County
Smith
In care of
MICHAEL COWAN
Primary officer
MICHAEL COWAN, DIRECTOR/CHAIR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
FORVIS MAZARS LLP
NTEE classification
Philanthropy, Voluntarism & Grantmaking Foundations N.E.C. (T99)
IRS tax category
Philanthropy, Voluntarism & Grantmaking Foundations N.E.C.
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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