Mercy Ships Foundation

“Directors shall be elected by majority vote of the board of directors of Mercy Ships, a nonprofit Corporation organized under the laws of the State of Texas.”

“The board of directors of Mercy Ships, a related organization, must approve any amendments made to the organization's bylaws.”

“The organization's Form 990 was prepared by an independent CPA firm and reviewed by the Chief Financial Officer in detail. The 990 was then provided electronically to all members of the board for their review and comment. Board members were then given at least one week to review the Form 990 and send comments to the Chief Financial Officer. After all comments and questions were addressed, the 990 was filed with the IRS.”

“Board members and senior staff including officers are required to complete a Conflicts of Interest Questionnaire on an annual basis. Disclosures are required to be updated with potential conflicts as they become known throughout the year. If a conflict is identified by management or by the board, the person with a conflict recuses themselves from the decision-making process, and the board votes on whether or not to engage in the transaction, based on whether it is in the best interests of Mercy Ships Foundation.”

“The Foundation does not compensate any officers, directors, or management. In accordance with the instructions, these questions have been answered no. If at some point compensation plans are considered, the organization will adopt the compensation process used by Mercy Ships.”

“Mercy Ships Foundation makes its governing documents, conflict of interest policy, and financial statements available for public inspection at the International Support Center during regular business hours. Documents are also made available upon written request.”

“Losses on uncollectible pledges -602,258.”

“The most complete picture of Mercy Ships global operations is contained in the consolidated audited financial statements of Mercy Ships and its affiliates, including Mercy Ships Foundation. The consolidated audited financial statements are available in their entirety on the Mercy Ships website at https://www.mercyships.org/wp-content/uploads/2019/09/2019-Mercy-Ships- As a party interested in the activities of Mercy Ships, we encourage you to visit our website and review the consolidated audited financial statements. The Audit and Finance Committee of the board of directors is responsible for overseeing the audit and selecting the independent accounting firm. This process has not changed from the previous year.”