Mercury One Inc
- Assets
- $29.7m
- Revenue
- $35.3m
- Investments
- $0.0
- Employees
- 26
- Location
- Irving, TX
- Founding
- 01/2012
- Data as of
- 12/2023
- EIN
- 45-3929881
Organization Overview
Mercury One Inc is located in Irving, TX. The organization was established in 2012. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Mercury One Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercury One Inc 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 12/2023, Mercury One Inc generated $35.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $15.1m during the year ending 12/2023. While expenses have increased by 1.6% 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.
Since 2014, Mercury One Inc has awarded 320 individual grants totaling $65,662,135. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MERCURY ONE IS A HUMANITARIAN AID AND EDUCATION ORGANIZATION FOCUSED ON RESTORING THE HUMAN SPIRIT.
Describe the Organization's Program Activity:
THE NAZARENE FUND: THE ORGANIZATION RESCUED CHRISTIAN REFUGEES AND OTHER RELIGIOUS MINORITIES THAT WERE IN DANGER, PERSECUTED FOR THEIR RELIGIOUS BELIEFS, AND HAD BEEN DRIVEN FROM THEIR HOMES. THE REFUGEES WERE RELOCATED TO SLOVAKIA, AUSTRALIA, AND OTHER COUNTRIES, AND PROVIDED HOUSING, FOOD AND LANGUAGE TRAINING.
EDUCATION: THE ORGANIZATION HAS INITIATIVES TO TEACH FUTURE GENERATIONS THE HONEST HISTORY OF THE GODLY PRINCIPALS OUR COUNTRY WAS FOUNDED UPON. THIS INCLUDES TEACHING AND TRAINING ABOUT THE GOOD, THE BAD, AND THE UGLY PARTS OF US HISTORY AND STORY TELLING THROUGH FIRST SOURCE DOCUMENTS, ARTIFACTS, SPECIAL EXHIBITS, AND TECHNOLOGY.
DISASTER RELIEF: PURSUANT TO THE ORGANIZATION'S MISSION, MERCURY ONE PARTNERED WITH CHURCHES, FAITH-BASED ORGANIZATIONS, AND COMMUNITY BASED GROUPS IN PROVIDING DISASTER RELIEF TO DOMESTIC AND GLOBAL COMMUNITIES. THE UNDERLYING GOAL OF ALL ACTIVITIES WAS TO EMPOWER LOCAL ORGANIZATIONS IN THOSE COMMUNITIES SO THAT THEY ARE STRONGER AND MORE PREPARED IN NOT ONLY DEALING WITH THE AFTERMATH OF THE IMMEDIATE DISASTER, BUT BETTER PREPARED FOR THE NEXT ONE.
VARIOUS OTHER HUMANITARIAN SERVICES INCLUDING U.S. VETERAN AND ACTIVE MILITARY RELIEF, DOMESTIC VIOLENCE PREVENTION, CARE, AND COUNTER HUMAN TRAFFICKING AND OTHER HUMANITARIAN SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board President | OfficerTrustee | 7 | $0 |
Name Not Listed Vice President | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Director Start: 9/23 | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forvis Mazars Llp Accounting | 12/30/23 | $943,200 |
Hemingway & Hansen Pllc Legal | 12/30/23 | $205,724 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $490,992 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,454,660 |
| Noncash contributions included in lines 1a–1f | $985,562 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,945,652 |
| Total Program Service Revenue | $124,913 |
| Investment income | $138,863 |
| 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 | $14,700 |
| Net Income from Sales of Inventory | -$2,347 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,284,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,940,450 |
| Grants and other assistance to domestic individuals. | $40,309 |
| Grants and other assistance to Foreign Orgs/Individuals | $17,639 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $177,953 |
| Compensation of current officers, directors, key employees. | $21,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,403,092 |
| Pension plan accruals and contributions | $9,597 |
| Other employee benefits | $292,819 |
| Payroll taxes | $125,032 |
| Fees for services: Management | $56,200 |
| Fees for services: Legal | $270,953 |
| Fees for services: Accounting | $1,018,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $46,333 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,618 |
| Advertising and promotion | $91,857 |
| Office expenses | $87,880 |
| Information technology | $292,612 |
| Royalties | $0 |
| Occupancy | $654,900 |
| Travel | $143,851 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $199,454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $248,662 |
| Insurance | $41,573 |
| All other expenses | $24,092 |
| Total functional expenses | $15,070,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,708,276 |
| Savings and temporary cash investments | $725,675 |
| Pledges and grants receivable | $259,600 |
| Accounts receivable, net | $3,797 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $96,269 |
| Prepaid expenses and deferred charges | $54,219 |
| Net Land, buildings, and equipment | $707,541 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,128,056 |
| Total assets | $29,683,433 |
| Accounts payable and accrued expenses | $655,416 |
| 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 | $1,469,514 |
| Total liabilities | $2,124,930 |
| Net assets without donor restrictions | $4,528,107 |
| Net assets with donor restrictions | $23,030,396 |
| 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 | $29,683,433 |
Grants Awarded
Over the last fiscal year, Mercury One Inc has awarded $4,935,450 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
A SOLDIERS CHILD FOUNDATION PURPOSE: Humanitarian Support | $6,500 |
AIR MOBILE MINISTRIES PURPOSE: Humanitarian Support | $20,000 |
CITY OF WESTON PURPOSE: General Support | $25,068 |
CONTINUING EVANGELICAL EPISCOPAL COMMUNION INC PURPOSE: Humanitarian Support | $5,100 |
FAMILY LIFE CENTER PURPOSE: Humanitarian Support | $75,000 |
FERONIA FORWARD PURPOSE: Humanitarian Support | $10,000 |