PROJECT MERCY INC

EIN: 351410753 501(c)(3) International Affairs

FORT WAYNE, IN

Total Revenue
$1,975,511
Total Expenses
$2,097,901
Total Assets
$3,927,396
Net Assets
$3,905,839
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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
IN
Principal Officer
BETE DEMEKE
Phone
2607472559
Tax Period
2023-01-01 to 2023-12-31

PROJECT MERCY INC, founded in 1977, is a community nonprofit in the International Affairs sector that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

THE VISION OF PROJECT MERCY IS TO "RENEW THE HEART OF A NATION BY FREEING PEOPLE FROM PHYSICAL AND SPIRITUAL POVERTY". THE MISSION IS TO TRANSFORM HOW PEOPLE LIVE AND THINK AND BUILD STRONG, SELF-SUFFICIENT COMMUNITIES IN ETHIOPIA AND BEYOND THROUGH NEW KNOWLEDGE, BETTER HEALTH, SUSTAINABLE FOOD SOURCES AND STRENGTHENED CHARACTER FOR ALL PEOPLE AS A LIVING EXAMPLE OF THE LOVE OF JESUS CHRIST. THIS INTERNATIONAL MINISTRY WAS STARTED IN 1977 TO PROVIDE EMERGENCY RELIEF AND RELOCATION ASSISTANCE TO ETHIOPIAN REFUGEES. AT ITS PEAK, THE MINISTRY GREW TO REACH SEVEN COUNTRIES IN AFRICA WITH ITS FOCUS ON ASSISTING DISPLACED REFUGEES IN DJIBOUTI, GUINEA, IVORY COAST, KENYA, LIBERIA, MALAWI, AND SUDAN. IN 1993 THE ORGANIZATION SHIFTED ITS FOCUS TO CREATING A RELIEF AND DEVELOPMENT MODEL THAT CAN BE USED BY OTHERS TO HELP BREAK THE CYCLE OF FAMINE AND POVERTY IN COMMUNITIES. PROJECT MERCY IS COMMITTED TO MAKING LONG-TERM, MULTI-GENERATIONAL IMPACT. AS SUCH, OUR DEVELOPMENT INTERVENTIONS, DEVELOP

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,970,110
Program Service Revenue $0
Investment Income $198
Other Revenue $5,203
TOTAL REVENUE $1,975,511

Expense Breakdown

Grants Paid $1,270,334
Salaries & Benefits $410,533
Fundraising Expenses $298,116
Program Expenses $1,495,462
Other Expenses $417,034
TOTAL EXPENSES $2,097,901

Year-over-Year Comparison

2023 2022 Change
Revenue $1,975,511 $2,238,069 -0.1%
Expenses $2,097,901 $2,072,859 +0.0%
Net Income $-122,390 $165,210 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
5
Employees
10
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$26,318
Total Directors
10
$134,322
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTA GABRE-TSADICK FORMER CEO 1.00
Officer Director
$26,318 $0 $26,318
DEMEKE TEKLE-WOLD EMERITUS 1.00
Officer Director
$0 $0 $0
BETE DEMEKE PRESIDENT/CE 50.00
Officer Director
$0 $0 $0
ED MEMMEN CHAIRMAN/TRE 1.00
Officer Director
$0 $0 $0
BRUCE BACON DIRECTOR 1.00
Officer Director
$0 $0 $0
DR WILLIAM ZUBER DIRECTOR 1.00
Director
$0 $0 $0
DR MICHAEL VAN NOORD DIRECTOR 1.00
Director
$0 $0 $0
TSION MARU FORMER COO 40.00
Director
$48,406 $0 $48,406
LUCY ROLLER SECRETARY 40.00
Director
$59,598 $0 $59,598
DR TIM TEUSINK DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,975,511 $2,097,901 $3,927,396 $-122,390
2022 $2,238,069 $2,072,859 $4,038,121 $165,210
2021 $2,237,570 $1,723,877 $3,877,561 $513,693
2020 $1,953,894 $1,736,681 $3,426,586 $217,213
2019 $1,387,977 $1,714,173 $3,141,287 $-326,196
2018 $1,928,499 $1,544,343 $3,473,512 $384,156
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