Global Vessels Inc
- Assets
- $225.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Takoma Park, MD
- Founding
- 02/2006
- Data as of
- 12/2022
- EIN
- 52-2312405
Organization Overview
Global Vessels Inc is located in Takoma Park, MD. The organization was established in 2006. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Vessels 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, Global Vessels Inc generated $106.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $110.3k during the year ending 12/2022. While expenses have increased by 4.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TANZANIAN ORPHANAGE, BUILDING PROJECTS. A BUILDING WAS OPENED IN 2007 WITH 10OPHANS. SINCE, THEN OTHER BUILDING PROJCTS HAVE COMMENCED. VOLUNTEERS TRAVELTO TANZANIA AND PARTICIPATE IN BUILDING CONSTRUCTION, MEDICAL AND EDUCATIONAL SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frazier Mathis Director | 20 | $0 | |
Virginia Mathis Secretary/co-Director | 15 | $0 | |
Jason Allen Treasurer | 5 | $0 | |
Cecelia Lester Board Member | 5 | $0 | |
L Roger Watson Board Member | 2 | $0 | |
Elaine R Williams Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,577 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,577 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $110,347 |
| Total expenses | $110,347 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,125 |
| Other assets | $0 |
| Total assets | $225,177 |
| Total liabilities | $5,014 |
| Net assets or fund balances | $220,163 |