Gba Ships Florence Inc
- Assets
- $3.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 84
- Location
- Florence, SC
- Founding
- 07/2007
- Data as of
- 12/2022
- EIN
- 03-0577695
Organization Overview
Gba Ships Florence Inc, operating under the name OM Ships International, is located in Florence, SC. The organization was established in 2007. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, OM Ships International employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. OM Ships International 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, OM Ships International generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $6.0m during the year ending 12/2022. While expenses have increased by 10.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPLYING LITERATURE RESOURCES TO LOGOS HOPE TO IMPACT THE LIFE OF EVERY SHIP VISITOR.
Describe the Organization's Program Activity:
GBA SHIPS FLORENCE (DBA OM SHIPS INTERNATIONAL) SEEKS TO SUPPORT THE INTERNATIONAL EFFORTS DESCRIBED BELOW. THIS SUPPORT IS PROVIDED THROUGH FUNDRAISING, THE SALES OF BOOKS, AND THE PROVISION OF ADMINISTRATIVE SUPPORT. OM SHIPS INTERNATIONAL IS THE ORGANIZATION OPERATING LOGOS HOPE AND DOULOS HOPE. THE OM "SHIPS MINISTRY" BEGAN IN 1970 AS PART OF THE GLOBAL CHRISTIAN TRAINING AND OUTREACH MOVEMENT, OM INTERNATIONAL. SINCE THEN OM'S SHIPS HAVE VISITED OVER 450 DIFFERENT PORTS IN OVER 150 COUNTRIES AND TERRITORIES AND WELCOMED 47 MILLION VISITORS ON BOARD. THE GOAL OF OM SHIPS INTERNATIONAL IS TO SHARE KNOWLEDGE, HELP, AND HOPE TO THE PEOPLE OF THE WORLD. WE DO THIS BY SUPPLYING VITAL LITERATURE RESOURCES, ENCOURAGING CROSS-CULTURAL UNDERSTANDING, TRAINING YOUNG PEOPLE FOR MORE EFFECTIVE LIFE AND SERVICE, PROVIDING NEEDED RELIEF, AND SHARING A MESSAGE OF HOPE IN GOD WHEREVER THERE IS OPPORTUNITY. THE SHIPS VISIT EACH PORT FOR SEVERAL WEEKS EACH AND OPEN THE GANGWAYS TO HUNDREDS AND SOMETIMES THOUSANDS OF VISITORS EACH DAY. ON AVERAGE, OVER ONE MILLION VISITORS HAVE BEEN WELCOMED ONBOARD EVERY YEAR! THE FLOATING BOOK FAIRS OFFER OVER 6,000 TITLES, PROVIDING MANY VISITORS THEIR FIRST-EVER OPPORTUNITY TO PURCHASE QUALITY EDUCATIONAL CHRISTIAN LITERATURE. AN INTERNATIONAL CREW AND STAFF OF VOLUNTEERS LIVE AND WORK ON THE SHIPS. TEAMS FROM THE SHIP GO INTO SURROUNDING AREAS TO SUPPLY AID AND COMMUNITY CARE. IN EACH PORT, THE SHIP'S CREW JOINS LOCAL CHURCHES TO BRING HOPE AND SHOW LOVE TO PEOPLE WHATEVER THEIR CIRCUMSTANCE, CULTURE, OR BACKGROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Managing Director | OfficerTrustee | 40 | $60,873 |
Name Not Listed Chairman Of The Directors | OfficerTrustee | 5 | $0 |
Name Not Listed CFO | OfficerTrustee | 40 | $46,992 |
Name Not Listed Individual Director | Trustee | 1 | $0 |
Name Not Listed Vice President | Trustee | 40 | $55,437 |
Name Not Listed Secretary | Officer | 40 | $23,503 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,380,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,380,773 |
| Total Program Service Revenue | $0 |
| Investment income | $9,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,996,021 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,408,095 |
| 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 | $1,938,448 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $274,811 |
| Compensation of current officers, directors, key employees. | $86,268 |
| Compensation to disqualified persons | $39,220 |
| Other salaries and wages | $1,021,074 |
| Pension plan accruals and contributions | $11,579 |
| Other employee benefits | $119,828 |
| Payroll taxes | $65,307 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $93,325 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,457 |
| Advertising and promotion | $106,409 |
| Office expenses | $493,375 |
| Information technology | $115,116 |
| Royalties | $0 |
| Occupancy | $201,439 |
| Travel | $192,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $202 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,237 |
| Insurance | $27,714 |
| All other expenses | $0 |
| Total functional expenses | $5,978,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,313 |
| Savings and temporary cash investments | $5,525 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $137,619 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $768,965 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,490,006 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,673,428 |
| Accounts payable and accrued expenses | $123,399 |
| 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 | $123,399 |
| Net assets without donor restrictions | $3,550,029 |
| 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 | $3,673,428 |