The Vessel
- Assets
- $1.2m
- Revenue
- $1.0m
- Investments
- $1.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/2007
- Data as of
- 12/2021
- 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 12/2021, Vessel generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $109.9k during the year ending 12/2021. 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
2021
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).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Dickerhoof Director | 0 | $0 | |
Kevin Kraus Director | 0 | $0 | |
Lori Lovelace President | 1 | $0 | |
Reinhard Ziegler Secretary | 0 | $0 | |
Rhonda Thompson Director | 0 | $0 | |
Tommy Shelton Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $44,602 |
| Interest on Savings | $3 |
| Dividends & Interest | $4,804 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $984,448 |
| Capital Gain Net Income | $984,448 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $382 |
| Total Revenue | $1,034,239 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $18,326 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,923 |
| Total operating and administrative expenses | $49,584 |
| Contributions, gifts, grants paid | $60,351 |
| Total expenses and disbursements | $109,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,292 |
| Savings and temporary cash investments | $32,228 |
| 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 | $678,663 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,132 |
| Total assets | $1,178,466 |
| 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 | $500 |
| Total liabilities | $500 |
Grants Awarded
Over the last fiscal year, The Vessel has awarded $348,950 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS QUALIFIED ORGANIZATIONS PURPOSE: GRANTS TO SHORT-TERM MISSION PROJECTS OF PUBLIC CHARITIES. | $345,400 |
Conyers, GA PURPOSE: IN ACCORDANCE WITH THEIR CHARITABLE PURPOSE, MISSIONS. | $3,550 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Vessel has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Breunig Family Foundation Dallas, TX PURPOSE: GENERAL | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Firstline Schools Inc New Orleans, LA | $25,158,781 | $60,437,770 |
Education Service Center Region Xii Of Texas Waco, TX | $21,686,581 | $37,093,935 |
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
Evolution Acadamy Richardson, TX | $15,542,643 | $6,925,248 |