Financial Accountability

Information on this page is for financial transparency. Crew and volunteers are self-supporting and do not receive a salary or income from the ministry.  

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Island Missions Support, Inc.

2021 Financial Accountability Information

January - April

Donations: (Cash Contributions)

Beginning of tax year: 

Jan 1, 2021     $57           January - April $10,295
Other Income: $130

Ministry Asset:  
(1980) S/V 46' Morgan 462
$76,500 (purchase price)
 

Total Funds: beginning of year + other income + 2021 contributions

$10,482

Expenditures: 

$6,889  (total operation expenses)

• [diesel fuel, gasoline, oil, propane, electrical system, plumbing system, Engine/Generator/Outboard, Dingy/Inflatable, boat building supplies/materials, ship's tackle, equipment maintenance, ship's maintenance, safety, galley stores, household, medical stores, galley equipment. Dock rent, government filing fees, liability insurance, postage, bank fees, travel, misc. expenses, office supplies, printing&copying]

 

___________________________

 

Island Missions Support, Inc.

2020 Financial Accountability Information

January - December

Donations: (Cash Contributions)

Beginning of tax year: 

Jan 1, 2020     $2,753           January - December $13,584
Other Income: $1,165

Ministry Asset:  
(1980) S/V 46' Morgan 462
$76,500 (purchase price)
 

Total Funds: beginning of year + other income + 2020 contributions

$17,502

Expenditures: 

$17,426  (total operation expenses)

• [diesel fuel,oil,propane, electrical system, plumbing system, Engine/Generator/Outboard, boat building supplies/materials, ship's tackle, equipment maintenance, ship's maintenance, ship's safety, dock rent, ship's galley stores, ship's household stores, ship's medical stores, galley equipment, government filing fees, registered agent fee, CPA, liability insurance, Documentation and Registration fees, postage, bank fees, travel, misc. expenses, office supplies, printing&copying]

IRS 990-N (Postcard)

We are a very small ministry. Due to our donations being under $50,000 'annual', IMS is now only required to file a simple 990-N postcard form.

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Island Missions Support, Inc.

2019 Financial Accountability Information

January - December

Donations: (Cash Contributions)

Beginning of tax year: 

Jan 1, 2019     $1,597           January - December  $15,847
Other Income: $765

Funds from sale of former ministry asset: $93,000

New ministry Asset:  
(1980) S/V 46' Morgan 462
$76,500 (purchase price)
 

Total Funds: beginning of year + other income + 2019 contributions + funds from sale of former ministry asset)

$111,209.00

Expenditures: 

$30,745  (total operation expenses)
$76,500  (purchase of ministry vessel, 
 (1980) S/V 46' Morgan 462

[electrical system, plumbing system, Engine/Generator/Outboard, boat building supplies/materials, ship's tackle, equipment maintenance, ship's maintenance, ship's safety, dock rent, ship's galley stores, ship's household stores, ship's medical stores, galley equipment, government filing fees, registered agent fee, CPA, liability insurance, Documentation and Registration fees, postage, bank fees, travel, misc. expenses, office supplies, printing&copying] 

*IRS 990 (2019)

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Island Missions Support, Inc.

2018 Financial Accountability Information

January-December

Donations: (Cash Contributions)

Beginning of tax year: 

Jan 1, 2018     $2,094           January - December $21,207

Assets: (Non-Cash Contributions) 

Beginning of tax year: Jan 1, 2018    $850,000
Donated Ministry Vessel: 1970 Breaux Bay Craft Motor Vessel 115ft Fair Market Value (Marine Survey) 

Income: (beginning of year + 2018 contributions)
$23,301
Expenditures: 
$21,141  (total functional expenses)


[electrical system, plumbing system, boat building supplies/materials, ship's tackle, equipment maintenance, ship's maintenance, ship's safety, dock rent, ship's galley stores, ship's household stores, ship's medical stores, galley equipment, government filing fees, registered agent fee, CPA, ships' liability insurance, postage, bank fees, travel, misc. expenses, office supplies, printing&copying]

*990 IRS 2018 

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Island Missions Support, Inc.

2017 Financial Accountability Information

January - December

Donations: (Cash Contributions)

Beginning of tax year: 

Jan 1, 2017     $635           January- December $22,087

Assets: (Non-Cash Contributions) 

Beginning of tax year: Jan 1, 2017    $850,000
Donated Ministry Vessel: 1970 Breaux Bay Craft Motor Vessel 115ft Fair Market Value (Marine Survey) 

Income: (beginning of year + 2017 contributions)
$22,722
Expenditures:

$20,418  (total functional expenses)


[electrical system, plumbing system, ship's tackle, equipment maintenance, ship's maintenance, ship's safety, boat building supplies/materials, dock rent, waste services, ship's galley stores, ship's household stores, ship's medical stores, galley equipment, government filing fees, registered agent fee, postage, bank fees, travel, misc. expenses, office supplies, printing&copying
 

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Island Missions Support, Inc.

2016 Financial Accountability Information

January - December

Donations: (Cash Contributions)

Beginning of tax year: 

Jan 1, 2016     $652           January- December $20,951

Assets: (Non-Cash Contributions) 

Beginning of tax year: Jan 1, 2016    $850,000
Donated Ministry Vessel: 1970 Breaux Bay Craft Motor Vessel 115ft Fair Market Value (Marine Survey)  

Income: (beginning of year + 2016 contributions)
 $21,603

Expenditures: (total functional expenses)
 $21,071



[electrical system, plumbing system, ship's tackle, equipment maintenance, ship's maintenance, ship's safety, boat building supplies/materials, electric (dock power), storage rent, dock rent, waste services, ship's galley stores, ship's medical stores, galley equipment, government filing fees, registered agent fee, postage, bank fees, travel, misc. expenses.

_____________________ 

Island Missions Support, Inc.

2015 Financial Accountability Information

Jan. - December

Donations: (Cash Contributions)

Beginning of tax year: 

Jan 1, 2015     $23,737           Jan. - December $20,089

Assets: (Non-Cash Contributions) 

Beginning of tax year: Jan 1, 2015    $850,000
Donated Ministry Vessel: 1970 Breaux Bay Craft Motor Vessel 115ft Fair Market Value (Marine Survey) 

Income: (beginning of year + 2015 contributions)
 $43,826

Expenditures: (total functional expenses)
 $42,574

   
[ tools/equipment, galley equipment, electrical system, plumbing system, engines & generators, supplies, parts and maintenance, ship's tackle, parts/replacement parts, electric (dock power), storage rent, dock rent, government filing fees, office expenses, postage, bank fees, travel, ship's galley stores, misc. expenses.

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Island Missions Support, Inc.

2014 Financial Accountability Information

Donations: (Cash Contributions) 
Beginning of tax year: 

Jan 1, 2014     $0.00           Jan. - December $26,618

Assets: (Non-Cash Contributions)

Beginning of tax year: Jan 1, 2014      0

End of tax Year: Dec.31

Donated Ministry Vessel:                   $850,000
1970 Breaux Bay Craft Motor Vessel 115ft Fair Market Value (Marine Survey)  

Income: (beginning of year + 2014 contributions)
$26,618
Expenditures: (total functional expenses)
$2,680


[ Accountant Fees (CPA), Government fees (IRS non-profit filing fee), advertising/promotion, office expenses, bank fees, storage rent

(Temporary storage for tools, equipment and supplies needed for boat refurbishing and boat system upgrades), dock rent.