THE FOUNDATION SUPPORTS THE OPERATIONS OF MERCY SHIPS INTERNATIONAL, A QUALIFIED 501(C)(3) ORGANIZATION, IN THE FURTHERANCE OF ITS MISSION.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$278.9M
+11.3% YoY
Revenue
$5.2M
+24.3% YoY
Net Investment Income
$3.2M
+133.4% YoY
Expenses
$18K
-98.7% YoY
About Mercy Ships Foundation
Based on IRS filings
Mercy Ships Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in LINDALE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $278.9M in total assets. Net investment income was $3.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $278,926,358 | $250,510,557 | $231,178,366 |
| Revenue | $5,157,408 | $4,147,992 | $58,837,465 |
| Expenses | $18,421 | $1,397,977 | $9,481,714 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $3,155,597 | $1,352,147 | $2,168,352 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GUY WADE | TREASURER, DIRECTOR | 2 | — |
| MIKE COWAN | CHAIR, DIRECTOR | 2 | — |
| ANN BROOKSHIRE | DIRECTOR | 0.2 | — |
| BARBARA BASS | DIRECTOR | 0.2 | — |
| GAYLORD HUGHEY | DIRECTOR | 0.2 | — |
| HENRY CLARKE | DIRECTOR | 0.2 | — |
| JIM BOYD | DIRECTOR | 0.2 | — |
| MARK WHATLEY | DIRECTOR | 0.2 | — |
| PETER B SCHULZE | Director | 2 | — |
| RUBEN MARTIN | DIRECTOR | 0.2 | — |
| TROY GRIEPP | DIRECTOR | 0.2 | — |
| David Schwab | General Counsel Start: 12/5/2024 | 0.5 | — |
| LINDA PRUETT | ASSISTANT SECRETARY | 0.2 | — |
| NICOLAS ADAME | CFO OF MERCY SHIPS START: 01/08/2024 | 0.7 | — |
| PAUL OWEN | Non-Director Board Secretary End: 7/16/2024 | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
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Assets
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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