Form 990 for tax year 2023

Filed by MERCY PROJECT INC.

Totals

Total revenue: $457,933
Total expenses: $485,722
Contributions and grants received: $476,080
Grants paid: $0
Program service revenue: $0
Investment income: $1,677
Other revenue: -$19,824
Total assets, end of year: $423,168
Total liabilities, end of year: $4,762
Net assets or fund balances, end of year: $418,406
Program services expenses (Part IX): $431,560
Management and general expenses: $34,279
Fundraising expenses: $19,883
Program service expenses (Part III): $431,560

Program services were 88.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$109,439
1d · Related organizations

$34,600
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$332,041
1g · Noncash contributions included above

$4,650
3 · Investment income

total $1,677 · related or exempt $0 · unrelated business $0 · excluded $1,677
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: gross income

$4,650
8a · Fundraising events: contributions included on line 1c

$109,439
8b · Fundraising events: direct expenses

$26,570
8c · Net income from fundraising events

total -$21,920 · unrelated business $0 · excluded -$21,920
11d · All other revenue

total $2,096 · related or exempt $0 · unrelated business $0 · excluded $2,096
11e · Other revenue, total

$2,096

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $87,372 · program services $76,277 · management and general $5,630 · fundraising $5,465
9 · Other employee benefits

total $0 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $6,684 · program services $5,835 · management and general $431 · fundraising $418
11b · Fees: legal

total $1,850 · program services $1,850
11f · Fees: investment management

total $852 · management and general $852
12 · Advertising and promotion

total $14,000 · fundraising $14,000
13 · Office expenses

total $7,932 · program services $570 · management and general $7,362
14 · Information technology

total $11,768 · management and general $11,768
16 · Occupancy

total $7,200 · management and general $7,200
17 · Travel

total $2,837 · program services $2,468 · management and general $369
22 · Depreciation, depletion and amortization

total $13,727 · program services $13,060 · management and general $667
24a · Other expenses: Child Rehab and Reintegration

total $273,668 · program services $273,668 · management and general $0 · fundraising $0
24b · Other expenses: Village Aquaculture Projects

total $47,378 · program services $47,378 · management and general $0 · fundraising $0
24c · Other expenses: Missionary Support

total $10,454 · program services $10,454 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $209,417 · end of year $192,886
10a · Land, buildings and equipment: cost or other basis

$208,762
10b · Land, buildings and equipment: accumulated depreciation

$75,468
10c · Land, buildings and equipment, net

beginning of year $148,380 · end of year $133,294
11 · Investments: publicly traded securities

beginning of year $12,393 · end of year $13,219
12 · Investments: other securities

beginning of year $52,176 · end of year $52,176
15 · Other assets

beginning of year $28,420 · end of year $31,593
17 · Accounts payable and accrued expenses

beginning of year $4,546 · end of year $4,762
27 · Net assets without donor restrictions

beginning of year $446,240 · end of year $418,406
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

MERCY PROJECT SEEKS TO ENCOURAGE ECONOMIC DEVELOPMENT WITHIN GHANA IN ORDER TO REDUCE THE NEED FOR CHILD SLAVERY. THE ORGANIZATION FOCUSES ON IMPLEMENTING NEW AGRICULTURAL FISHING METHODS IN GHANAIAN VILLAGES, WHICH WILL ALLOW FOR VILLAGERS TO WORK WITHOUT HAVING TO UTILIZE CHILD LABOR. UPON RELEASE OF THE CHILDREN, MERCY PROJECT WORKS TO REINTEGRATE THE FORMER SLAVES WITH THEIR FAMILIES AND PROVIDE FOR THEIR BASIC NEEDS, INCLUDING EDUCATION.

Activities or mission (Part I)

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.

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.

Expenses $80,731
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.

Expenses $307,022
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.

Expenses $43,807

As filed on the 2023 return.

Listed in Part VII

CHRISTOPHER FIELD

CEO/FOUNDER

Total calculated

$0

Hours/week

40 + 15 related
DOUG PAGE

SECRETARY

Total calculated

$0

Hours/week

5
MICHAEL STEELE

MEMBER

Total calculated

$0

Hours/week

2
HOLLIS MILES

MEMBER

Total calculated

$0

Hours/week

2
KEITH SEWELL

TREASURER

Total calculated

$0

Hours/week

5
DEREK DICTSON

PRESIDENT

Total calculated

$0

Hours/week

5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

BCS MARATHON

501(c)(3) · ORGANIZATION HOSTS A MARATHON AND SERIES OF RACES EACH YEAR · TX

Provenance

Return type: form_990
Tax year: 2023
Filed: 25 April 2024
IRS schema version: 2023v5.0
Source object: 202401229349302150

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