Overview
What is 587 Ministries Inc?
587 Ministries Inc, based in Pasadena, California, is a compassionate nonprofit organization with a mission to aid vulnerable individuals. Operating primarily in Managua, Nicaragua, they carry out charitable activities and missions to uplift those in need. With a small team of one dedicated individual, their work focuses on providing support to society's most vulnerable members. While their specific activities aren't elaborated in the provided information, we can infer that they strive to improve lives through their charitable endeavors.
Is 587 Ministries Inc legitimate?
587 Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 587 Ministries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $50,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of 587 Ministries Inc?
587 Ministries Inc has a mission to aid the vulnerable in society through various charitable activities and missions. This organization is committed to providing support to individuals in need. Their primary objective is to make a positive impact on people's lives by offering assistance and resources. While the specific activities and programs they undertake are not detailed, it is clear that their mission is centered around helping those who are most vulnerable. Their charitable work extends beyond their immediate community, as indicated by the mention of individuals in Managua, Nicaragua receiving aid from them.
Who is the CEO of 587 Ministries Inc?
Paul Barmaksezian is the President of 587 Ministries Inc.
What is the revenue of 587 Ministries Inc?
587 Ministries Inc's revenue in 2022 was $141,058.
Who are the executives of 587 Ministries Inc and what are their salaries?
The average compensation at 587 Ministries Inc during 2022 was $50,000. There is 1 employee at 587 Ministries Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $50,000
- Related: $0
- Other: $0
Where can I find the form 990 for 587 Ministries Inc?
587 Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 587 Ministries Inc
587 Ministries Inc, a nonprofit organization, is committed to supporting the vulnerable individuals in society through various missions and charitable activities. Their primary mission is to extend a helping hand to those in need, demonstrating compassion and care. By engaging in these charitable endeavors, 587 Ministries Inc seeks to make a positive impact on the lives of the less fortunate. While the specifics of their activities are not provided in the information, it is clear that their mission is centered around offering aid and support to individuals in need.
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Impact
October, 2024
587 Ministries Inc has a significant impact on the lives of vulnerable individuals in society, particularly in Managua, Nicaragua. Through various missions and charitable activities, the organization provides essential support and resources to those in need. Their efforts focus on delivering charitable aid, which directly addresses the challenges faced by underserved communities. By working on the ground in Managua, 587 Ministries Inc fosters hope and empowerment, creating pathways for individuals to improve their circumstances and enhancing overall community well-being. Their commitment to human services reflects a deep dedication to uplifting those who are often overlooked, making a meaningful difference in countless lives.
This information is meant to be a general summary of 587 Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,998
- Gross Receipts: $141,058
Assets and Liabilities:
- Total Assets: $584,352
- Total Liabilities: -$3,395
- Net Assets: $587,747
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Organization Details
Founding Year
2010
Principal Officer
Paul Barmaksezian
Main Address
2670 LAMBERT DR, PASADENA, CA, 911072620
NTEE Category
Code: P20 - Human services
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