Civic Intelligence

587 Ministries Inc.

990 • Fiscal year 2018 • EIN 27-3599488

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

Organization Profilewww.587ministries.org
2670 Lambert DrPasadena, CA 91107

(626) 399-3927

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.00x

Higher debt load relative to assets than 29% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

31st percentile

0.00x

Higher debt load relative to revenue than 31% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

91st percentile

49%

Higher net margin than 91% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

59th percentile

$35,728

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 17.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

97th percentile

206%

Faster asset growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

26th percentile

-7.9%

Faster revenue growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$593,865

Up $399,599 (+206%) from 2017

Net Assets

Up

$593,269

Up $399,003 (+205%) from 2017

Liabilities

Up

$596

Up $596 from 2017

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin91st percentile

Revenue

Down

$209,889

Down $18,101 (-7.9%) from 2017

Expenses

Down

$107,754

Down $104,639 (-49%) from 2017

Net Income

Up

$102,135

Up $86,538 (+555%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0-$200KAssets 2011: $51,323Net Assets 2011: $51,3232011Assets 2012: $115,884Net Assets 2012: $115,8842012Assets 2013: $104,183Net Assets 2013: $104,1832013Assets 2014: $117,830Net Assets 2014: $117,8302014Assets 2015: $169,640Liabilities 2015: $0Net Assets 2015: $169,6402015Assets 2016: $178,669Liabilities 2016: $0Net Assets 2016: $178,6692016Assets 2017: $194,266Liabilities 2017: $0Net Assets 2017: $194,2662017Assets 2018: $593,865Liabilities 2018: $596Net Assets 2018: $593,2692018Assets 2019: $546,904Liabilities 2019: $0Net Assets 2019: $546,9042019Assets 2020: $541,121Liabilities 2020: $5,193Net Assets 2020: $535,9282020Assets 2021: $640,333Liabilities 2021: $3,456Net Assets 2021: $636,8772021Assets 2022: $584,352Liabilities 2022: -$3,395Net Assets 2022: $587,7472022

Highlighted filing

2018

Assets$593,865
Liabilities$596
Net Assets$593,269
Open 2018 Filing

Operations Trend

Revenue Growth26th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $89,456Expenses 2011: $38,133Net Income 2011: $51,3232011Revenue 2012: $129,229Expenses 2012: $64,668Net Income 2012: $64,5612012Revenue 2013: $155,291Expenses 2013: $166,992Net Income 2013: -$11,7012013Revenue 2014: $193,282Expenses 2014: $179,635Net Income 2014: $13,6472014Revenue 2015: $286,219Expenses 2015: $120,968Net Income 2015: $165,2512015Revenue 2016: $205,478Expenses 2016: $196,449Net Income 2016: $9,0292016Revenue 2017: $227,990Expenses 2017: $212,393Net Income 2017: $15,5972017Revenue 2018: $209,889Expenses 2018: $107,754Net Income 2018: $102,1352018Revenue 2019: $217,834Expenses 2019: $264,199Net Income 2019: -$46,3652019Revenue 2020: $119,359Expenses 2020: $130,335Net Income 2020: -$10,9762020Revenue 2021: $138,511Expenses 2021: $145,391Net Income 2021: -$6,8802021Revenue 2022: $141,058Expenses 2022: $130,511Net Income 2022: $10,5472022

Highlighted filing

2018

Revenue$209,889
Expenses$107,754
Net Income$102,135
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$209,889
Mission and Program Overview

Mission

To support the vulnerable in society by missions and other charitable activities toward individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$194,266$593,269▲ $399,003
Cash and Non-Interest-Bearing Accounts$84,757$232,859▲ $148,102
Investments in Publicly Traded Securities-$190,689-
Land, Buildings, and Equipment, Net$109,509$107,543▼ $1,966
Savings and Temporary Cash Investments-$62,774-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$194,266$593,865▲ $399,599
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$596-
Total Liabilities$0$596▲ $596
Net Assets / Fund Balance
Total Net Assets Fund Balance$194,266$593,269▲ $399,003
Total Liabilities and Net Assets / Fund Balance$194,266$593,865▲ $399,599

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$69,210$7,457$76,667
Land$38,333-$38,333
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paul BarmaksezianPresidentFT$35,728$35,728

Board Members and Trustees

NameTitle
Herag HaleblianDirector
Ani BarmaksezianCFO
Lisa HaleblianSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$194,253
Program Service Revenue
$0
Investment Income
$15,636
Other Revenue
$0
All Other Contributions
$194,253
Change in Net Assets
$102,135
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$63,626
Salaries, Compensation, and Employee Benefits$44,128
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$35,728--$35,728
Other Employee Benefits$8,400--$8,400
Travel$3,785--$3,785
Depreciation Depletion$1,966--$1,966
All Other Expenses$1,431--$1,431
Other Expenses$525--$525
Fees for Services Accounting$64--$64
Total Functional Expenses$107,754$0$0$107,754
International Activity

International Summary

Offices
1
Employees
2
Spending
$100,684

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central AmericaVilla EsperanzaCharitable Aid12$100,684
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Paul and Ani Barmaksezian are married. Lisa and Herag Haleblian are married. Lisa Haleblian and Paul Barmakserian are siblings.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The organization requires that meeting discussions be documented in writing, including approved actions by the governing body. This requirement extends to each committee with the authority to act on behalf of the governing body.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board members review policy at annual meeting.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Compensation requires approval by Board.”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“The organization makes the income tax return available for inspection upon request and approval of the governing body. The books are held in the corporate offices.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization makes its governing documents, conflicts of interest policy and financial statements available to the public upon request and approval of the governing body. The financial statements and policies are held in the corporate offices.”

Filing and Contact Details

Filer

Filer Name
587 Ministries
EIN
27-3599488
Phone
6263993927
Address
2670 Lambert Dr, Pasadena, CA 91107

Signing Officer

Name
Lisa Haleblian
Title
Secretary
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Barmaksezian
Formed
2010
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
1

Preparer

Firm
Beeson Hoffman & Siddall Inc
Address
500 North Central Ave Suite 325, Glendale, CA 91203
Preparer
Harry Beeson
Phone
8182408322
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0194253
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0227990
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0205478
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0286219
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0136454
IRS990ScheduleA/Total509Grp/TotalAmt01050394
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0209889
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0227990
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0205478
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0286219
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0136454
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01066030
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt069210
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07457
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt076667
IRS990ScheduleD/LandGrp/BookValueAmt038333
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt038333
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0107543
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt02
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0100684
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Charitable Aid
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Villa Esperanza
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt02
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt0100684
IRS990ScheduleF/TotalEmployeeCnt02
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt0100684
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Paul and Ani Barmaksezian are married. Lisa and Herag Haleblian are married. Lisa Haleblian and Paul Barmakserian are siblings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES THAT MEETING DISCUSSIONS BE DOCUMENTED IN WRITING, INCLUDING APPROVED ACTIONS BY THE GOVERNING BODY. THIS REQUIREMENT EXTENDS TO EACH COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members review policy at annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation requires approval by Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES THE INCOME TAX RETURN AVAILABLE FOR INSPECTION UPON REQUEST AND APPROVAL OF THE GOVERNING BODY. THE BOOKS ARE HELD IN THE CORPORATE OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND APPROVAL OF THE GOVERNING BODY. THE FINANCIAL STATEMENTS AND POLICIES ARE HELD IN THE CORPORATE OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0194266
IRS990/TotalAssetsEOYAmt0593865
IRS990/TotalAssetsGrp/BOYAmt0194266
IRS990/TotalAssetsGrp/EOYAmt0593865
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0194253
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0107754
IRS990/TotalFunctionalExpensesGrp/TotalAmt0107754
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0596
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0596
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0194266
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0593269
IRS990/TotalProgramServiceExpensesAmt0107754
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt035728
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015636
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0209889
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0194266
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0593865
IRS990/TravelGrp/ProgramServicesAmt03785
IRS990/TravelGrp/TotalAmt03785
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt02670 Lambert Dr
IRS990/USAddress/CityNm0Pasadena
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091107
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.587ministries.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA HALEBLIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0587 Ministries
ReturnHeader/Filer/BusinessNameControlTxt0587M
ReturnHeader/Filer/EIN0273599488
ReturnHeader/Filer/PhoneNum06263993927
ReturnHeader/Filer/USAddress/AddressLine1Txt02670 Lambert Dr
ReturnHeader/Filer/USAddress/CityNm0Pasadena
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091107
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0953654092
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Beeson Hoffman & Siddall Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 North Central Ave Suite 325
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Glendale
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$593,865
Liabilities
$596
Net assets
$593,269
Revenue
$209,889
Expenses
$107,754
Net income
$102,135
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.84$0.03$5.88$1.41$1.31$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.40$0.03$6.37$1.39$1.45$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.41$0.05$5.36$1.19$1.30$0.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.47$0.00$5.47$2.18$2.64$0.46
2018Detailed filing. Detailed filing data is available for this year.$5.94$0.01$5.93$2.10$1.08$1.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.94$0.00$1.94$2.28$2.12$0.16
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.00$1.79$2.05$1.96$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.70$2.86$1.21$1.65
2014Detailed filing. Detailed filing data is available for this year.$1.18$1.18$1.93$1.80$0.14
2013Detailed filing. Detailed filing data is available for this year.$1.04$1.04$1.55$1.67$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$1.16$1.29$0.65$0.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.51$0.89$0.38$0.51
Peer Organizations

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