Mercy Project INC EIN 27-1987472 Form 990 (PDF) Claim this org

Mercy Project INC FY2023 filing

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Frees children from forced labor by partnering with families and communities on sustainable economic solutions. For fiscal year 2023 it reported $458K in revenue, $486K in expenses, and $418K in net assets.Pt I

Founded
2010
Type
Public charity (501(c)(3)) · Human Services
Location
Bryan, TX
Website
mercyproject.net
Filings
6 on file (2020–2023)
Revenue
$458KFY2023
Expenses
$486K
Net assets
$418K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  27-1987472 Public charity (501(c)(3)) Bryan, TX Founded 2010
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Frees children from forced labor by partnering with families and communities on sustainable economic solutions.
Leadership
Christopher Field · CEO/Founder
Money in and out
$458K revenue, $486K expenses
Bottom line
89% program efficiency
Where the money goes · FY2023
Total revenue
$458K
Pt VIII · Ln 12
Total expenses
$486K
Pt IX · Ln 25
Net assets
$418K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$28K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.07 Fundraising $0.04
Program efficiency
89%
of spending reaches programs
Operating runway
6.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$458K
FY2023▼ -40%
Expenses
$486K
FY2023▼ -34%
Total assets
$423K
FY2023▼ -6%
Total liabilities
$5K
FY2023▲ +5%
Total revenue
$458K
Pt VIII · Ln 12
Total expenses
$486K
Pt IX · Ln 25
Net assets
$418K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$28K
Total assetsPt X · Ln 16$423K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMercy Project INC
EINHdr · item D27-1987472
Principal addressHdr · item CBryan, TX
WebsiteHdr · item Jmercyproject.net
Year of formationHdr · item L2010
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P12)
Ruling yearIRS BMFApr 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Christopher Field’s $1K as CEO/Founder is at the 1st percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Christopher Field$1,250$30,000$30,200$30,200$30,200

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $432K of program spending, described in the organization's own filed words · FY2023.
01

Child Rehabilitation and Reintegration Into Their Families

Upon a village's release of their trafficked children, mercy project transports the children to a specialized rehabilitation shelter where the children begin receiving physical and emotional support.

$307Kprogram expense
02

Aquaculture Projects

Mercy project provides a village with the construction of fishing cages, fish and fish food, and the education needed to harvest large amounts of fish. The purpose of the fishing cages is to eliminate the village's need of using child labor to fish the lake all day, every day.

$81Kprogram expense
03

Missionary Establishment and Support

Mercy project has a country director who lives in a rural part of the country that functions as a headquarters for all mercy project work on lake volta and around the country. Their role is critical in the ongoing relationships and problem solving that comes with such a complex process.

$44Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants104%$476K
Investment income$2K
Total revenueLn 12$458K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.07 Fundraising $0.04
Program services89%$432K
Management & general7%$34K
Fundraising4%$20K
Total functional expensesLn 25$486K

Balance Sheet

Part X · end of year
CashLn 1$193K
Total assetsLn 16$423K
Total liabilitiesLn 26$5K
Total net assetsLn 32$418K
Months of cash on handcomputed4.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $258K · Operating expenses (Pt IX) $486K · Less non-cash grants $5K · Cash operating expenses/yr $481K
6.4 months
Where the money goes
Program services
Program services $432K · Total expenses $486K
89%
Management & General
Management & general $34K · Total expenses $486K
7%
Fundraising
Fundraising $20K · Total expenses $486K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $49K · Solicited contributions (3-yr avg) $609K
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $476K · Total revenue $458K
104%
Government reliance
Government grants $0 · Total revenue $458K
0%
Earned-income share
Program service revenue $0 · Total revenue $458K
0%
Investment reliance
Investment income $2K · Total revenue $458K
+0.4%
Program self-sufficiency
Program service revenue $0 · Total expenses $486K
0%
Growth & trend
Revenue growth (YoY)
This year $458K · Prior year $769K
-40%
Net-asset trend (YoY)
End of year $418K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $458K · Expenses $486K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $423K
Net-asset ratio
Net assets $418K · Total assets $423K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $13K · Other securities (Pt X, ln 12) $52K · Total assets (Pt X, ln 16) $423K
15%
People & payroll
Highest Reported Total Compensation
Individual Christopher Field · Reported title CEO/FOUNDER · Highest reported compensation $0 · Total expenses $486K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $94K · Total expenses $486K
19%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 7%
Fundraising cost ratio 4%
Revenue growth -40%
Investment management fee ratio 0.2%
Legal fee ratio 0.4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Bcs MarathonFY2025$55K
Total grants receivedfrom 1 funder$55K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$516K revenue · ⤓ 990 PDF
FY2024$484K revenue · ⤓ 990 PDF
FY2023$458K revenue · viewing · ⤓ 990 PDF
FY2022$769K revenue · ⤓ 990 PDF
FY2021$601K revenue · ⤓ 990 PDF
FY2020$711K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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