Global Vessels Inc is located in Takoma Park, MD. The organization was established in 2006. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Vessels 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 12/2021, Global Vessels Inc generated $106.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $90.9k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TANZANIAN ORPHANAGE, BUILDING PROJECTS. A BUILDING WAS OPENED IN 2007 WITH 10OPHANS. SINCE, THEN OTHER BUILDING PROJCTS HAVE COMMENCED. VOLUNTEERS TRAVELTO TANZANIA AND PARTICIPATE IN BUILDING CONSTRUCTION, MEDICAL AND EDUCATIONAL SERVICES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Frazier Mathis Director | 20 | $0 | |
Virginia Mathis Secretary/co-Director | 15 | $0 | |
Cecelia Lester Board Member | 5 | $0 | |
Jason Allen Treasurer | 5 | $0 | |
L Roger Watson Board Member | 2 | $0 | |
Elaine R Williams Board Member | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $106,802 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $7 |
Total Revenue | $106,809 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $90,903 |
Total expenses | $90,903 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $66,684 |
Other assets | $0 |
Total assets | $227,447 |
Total liabilities | $3,514 |
Net assets or fund balances | $223,933 |
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