Mercy Project Inc
- Assets
- $450.8k
- Revenue
- $769.1k
- Investments
- $52.2k
- Employees
- 5
- Location
- Bryan, TX
- Founding
- 04/2010
- Data as of
- 12/2022
- EIN
- 27-1987472
Organization Overview
Mercy Project Inc is located in Bryan, TX. The organization was established in 2010. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2022, Mercy Project Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Project Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Mercy Project Inc generated $769.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $732.6k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MERCY PROJECT SEEKS TO RESCUE CHILDREN FROM SLAVERY. WE PARTNER WITH FAMILIES AND COMMUNITIES TRAPPED IN THE CYCLE OF POVERTY, EMPOWERING THEM WITH SUSTAINABLE ECONOMIC SOLUTIONS IN ORDER TO FREE CHILDREN FROM FORCED LABOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AQUACULTURE PROJECTS: MERCY PROJECT PROVIDES A VILLAGE WITH THE CONSTRUCTION OF FISHING CAGES, FISH AND FISH FOOD, AND THE EDUCATION NEEDED TO HARVEST LARGE AMOUNTS OF FISH. THE PURPOSE OF THE FISHING CAGES IS TO ELIMINATE THE VILLAGE'S NEED OF USING CHILD LABOR TO FISH THE LAKE ALL DAY, EVERY DAY. EVEN AFTER THE RELEASE OF THE VILLAGE'S CHILD SLAVES, MERCY PROJECT MAINTAINS A RELATIONSHIP WITH THE VILLAGE TO ASSIST WITH FISH PRODUCTION AND COMMUNITY DEVELOPMENT WITH THE ADDITIONAL INCOME THE FISH CAGES PROVIDE.
CHILD REHABILITATION AND REINTEGRATION INTO THEIR FAMILIES: UPON A VILLAGE'S RELEASE OF THEIR TRAFFICKED CHILDREN, MERCY PROJECT TRANSPORTS THE CHILDREN TO A SPECIALIZED REHABILITATION SHELTER WHERE THE CHILDREN BEGIN RECEIVING PHYSICAL AND EMOTIONAL SUPPORT. THE CHILDREN LIVE AT THE SHELTER FOR 3-4 MONTHS DURING WHICH THEY BEGIN THEIR FORMAL EDUCATION AND ARE BROUGHT TO FULL HEALTH FROM ANY ONGOING MEDICAL ISSUES THAT HAVE BEEN UNTREATED. ONCE READY, THE CHILDREN ARE REUNITED BACK INTO THEIR FAMILIES WHERE THEY AND THEIR PARENTS CONTINUE TO RECEIVE SUPPORT AND EMPOWERMENT FROM MERCY PROJECT'S SOCIAL WORKERS.
MISSIONARY ESTABLISHMENT AND SUPPORT: MERCY PROJECT HAS A COUNTRY DIRECTOR WHO LIVES IN A RURAL PART OF THE COUNTRY THAT FUNCTIONS AS A HEADQUARTERS FOR ALL MERCY PROJECT WORK ON LAKE VOLTA AND AROUND THE COUNTRY. THEIR ROLE IS CRITICAL IN THE ONGOING RELATIONSHIPS AND PROBLEM SOLVING THAT COMES WITH SUCH A COMPLEX PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Field CEO | Trustee | 40 | $30,200 |
Derek Dictson Treasurer | OfficerTrustee | 2 | $0 |
Michael Steele President | OfficerTrustee | 5 | $0 |
Hollis Miles Secretary | OfficerTrustee | 5 | $0 |
Doug Page Member | Trustee | 2 | $0 |
Shannon Deer Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $118,206 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $680,797 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $799,003 |
| Total Program Service Revenue | $0 |
| Investment income | $1,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$32,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $769,142 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,200 |
| Compensation of current officers, directors, key employees. | $3,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,000 |
| Payroll taxes | $9,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,039 |
| Fees for services: Other | $9,000 |
| Advertising and promotion | $12,000 |
| Office expenses | $20,273 |
| Information technology | $12,862 |
| Royalties | $0 |
| Occupancy | $7,200 |
| Travel | $16,071 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,120 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $732,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,417 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $148,380 |
| Investments—publicly traded securities | $12,393 |
| Investments—other securities | $52,176 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,420 |
| Total assets | $450,786 |
| Accounts payable and accrued expenses | $4,546 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,546 |
| Net assets without donor restrictions | $446,240 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $450,786 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mercy Project Inc has recieved totaling $90,969.
| Awarding Organization | Amount |
|---|---|
After Gods Heart Inc Knoxville, TN PURPOSE: REHABILITATION AND MONITORING ACTIVITIES FOR RESCUED CHILDREN | $75,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,258 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $711 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pure Inc Bentonville, AR | $3,138,267 | $27,808,227 |
Buckner Foundation Dallas, TX | $503,977,405 | $46,631,365 |
Panhandle Community Services Amarillo, TX | $11,013,426 | $24,011,483 |
The Citizens Foundation Usa Houston, TX | $7,765,514 | $19,916,524 |
Morgans Wonderland Inclusion Foundation San Antonio, TX | $24,438,940 | $21,840,113 |
Furniture Bank Houston, TX | $4,044,380 | $6,546,446 |
Scanlan Foundation Houston, TX | $209,874,637 | $6,584,694 |
Kathleen S Craft Foundation Tulsa, OK | $94,596,287 | $6,487,856 |
White Cake Family Foundation Dallas, TX | $42,767,869 | $3,380,103 |
Charitable Properties Inc Mesquite, TX | $0 | $4,302,892 |
Bp Foundation Inc Houston, TX | $4,050,119 | $6,036,214 |
Soonae Foundation Burnet, TX | $2,322,115 | $4,666,451 |