Better Business Bureau Report for
Vessels of Mercy

Better Business Bureau Report issued June 2010
Better Business Bureau Report expires June 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Vessels of Mercy
Address: 2532 Thicket Greene
  Richmond, VA 23233
Phone: 804-740-4575
Web Address: www.vesselsofmercy.org
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Better Business Bureau Comments

Year, State Incorporated: 2002, Virginia
Affiliates: None
Stated Purpose: We are a non-profit charitable relief & development organization that is committed alleviating human suffering and poverty by providing for the basic human needs of less fortunate people without regards to gender, religion, social or ethnic origin.

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Evaluation Conclusions

               

Vessels of Mercy International, Inc. meets the 20 Standards for Charity Accountability.
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Programs

               

Vessels of Mercy International is working in low income countries of the world. Currently they are working in the Ukraine, Romania, Honduras, Cambodia, Guatemala, Afghanistan, Sudan, Niger, Peru, Kenya, and the United States. Their programs include feeding programs, clean water projects, short-term missions projects, a disaster relief team, medical aid outreaches, ministry action teams, program sponsorship, agricultural projects, construction projects,vocational training and self-sustaining initiatives.

For the fiscal year ended December 31, 2009, Vessels of Mercy International, Inc.'s program expenses were:

  
Total Program Expenses: $
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Governance

               

Chief Executive : Bev Gibson, CEO
Compensation*:
 $29,920

Chair of the Board: Brenda Freeman
Chair's Profession / Business Affiliation: Vice President of Vessels of Mercy

Board Size: 8

Paid Staff Size: 0

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, invitations to fund raising events, print advertisements, radio, internet, cause-related marketing
Fund raising costs were 6% of related contributions. (Related contributions, which totaled $160,889, are donations received as a result of fund raising activities.)
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Tax Status

               

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.
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Financial

               

The following information is based on Vessels of Mercy's audited financial statements for the fiscal year ended December 31, 2009.

Source of Funds  
Contributions 148,989
Fundraising Revune 11,900
Dividends and Ints 1,235
Investment gains/losses -613
Total Income $161,511


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Uses of Funds as a % of Total Expenses

Programs: 83%  Fund Raising: 7%  Administrative: 10% 

Total income   $161,511
  Program expenses $125,085
  Fund raising expenses 10,379
  Administrative expenses 14,821
 
Total expenses   $150,285
Income in Excess of Expenses   11,226
Beginning net assets   99,185
Ending net assets   110,411
Total liabilities   3,660
Total assets   $114,071


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

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