The Vessel
- Assets
- $1.0m
- Revenue
- $57.1k
- Investments
- $896.3k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-4351596
Organization Overview
The Vessel is located in Dallas, TX. The organization was established in 2007. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vessel 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, Vessel generated $57.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.5%) each year. All expenses for the organization totaled $195.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO PUBLIC CHARITIES FOR MISSION TRIPS TO LESS DEVELOPED COUNTRIES (AVG. GRANT IS APPROXIMATELY $2,000).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Lovelace President | 1 | $0 | |
Reinhard Ziegler Secretary | 0 | $0 | |
Kevin Kraus Director | 0 | $0 | |
Tommy Shelton Director | 0 | $0 | |
Denise Dickerhoof Director | 0 | $0 | |
Rhonda Thompson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $65,867 |
| Interest on Savings | $163 |
| Dividends & Interest | $5,284 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,225 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,991 |
| Total Revenue | $57,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,719 |
| Depreciation | $0 |
| Occupancy | $22,263 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,372 |
| Total operating and administrative expenses | $58,914 |
| Contributions, gifts, grants paid | $136,965 |
| Total expenses and disbursements | $195,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,280 |
| Savings and temporary cash investments | $49,365 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,303 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,039,231 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $64 |
| Total liabilities | $64 |
Grants Awarded
Over the last fiscal year, The Vessel has awarded $136,965 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CAMPUS CRUSADE PURPOSE: TO FURTHER THE MISSION OF THE FOUNDATION. | $550 |
VARIOUS QUALIFIED ORGANIZATIONS PURPOSE: GRANTS TO SHORT-TERM MISSION PROJECTS OF PUBLIC CHARITIES. | $135,900 |
DALLAS ACADEMY PURPOSE: TO FURTHER THE MISSION OF THE FOUNDATION. | $515 |