Civic Intelligence

587 Ministries Inc.

990 • Fiscal year 2021 • EIN 27-3599488

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 12, 2022

2670 Lambert DrPasadena, CA 91107-2620

(360) 747-7873

Siviq Scores

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

Liabilities / Assets

39th percentile

0.01x

Higher debt load relative to assets than 39% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

49th percentile

0.02x

Higher debt load relative to revenue than 49% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

21st percentile

-5.0%

Higher net margin than 21% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

69th percentile

$52,500

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 37.9% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

63rd percentile

18%

Faster asset growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

53rd percentile

16%

Faster revenue growth than 53% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$640,333

Up $99,212 (+18%) from 2020

Net Assets

Up

$636,877

Up $100,949 (+19%) from 2020

Liabilities

Down

$3,456

Down $1,737 (-33%) from 2020

Revenue

Up

$138,511

Up $19,152 (+16%) from 2020

Expenses

Up

$145,391

Up $15,056 (+12%) from 2020

Net Income

Up

-$6,880

Up $4,096 (+37%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$640,333
Liabilities$3,456
Net Assets$636,877

Operations Trend

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

2021

Revenue$138,511
Expenses$145,391
Net Income-$6,880
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 12, 2022
Return Version
2021v4.0
Gross Receipts
$138,511
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$535,928$636,877▲ $100,949
Investments in Publicly Traded Securities$252,828$361,242▲ $108,414
Cash and Non-Interest-Bearing Accounts$151,790$139,331▼ $12,459
Land, Buildings, and Equipment, Net$103,611$101,645▼ $1,966
Savings and Temporary Cash Investments$32,892$38,115▲ $5,223
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$541,121$640,333▲ $99,212
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$5,193$3,456▼ $1,737
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,193$3,456▼ $1,737
Net Assets / Fund Balance
Total Net Assets Fund Balance$535,928$636,877▲ $100,949
Total Liabilities and Net Assets / Fund Balance$541,121$640,333▲ $99,212

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$63,312$13,355$76,667
Land$38,333-$38,333
Other Land Buildings$0$0$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul BarmaksezianPresidentPT$52,500$52,500

Board Members and Trustees

NameTitle
Ani BarmaksezianBoard Member
Herag HaleblianBoard Member
Lisa HaleblianBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$134,067
Program Service Revenue
$0
Investment Income
$4,444
Other Revenue
$0
All Other Contributions
$134,067
Change in Net Assets
$-6,880
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$77,436
Grants and Similar Amounts Paid$66,323
Other Expenses$1,632
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$44,625$7,875$0$52,500
Foreign Grants$45,390--$45,390
Pension Plan Contributions$17,850$3,150$0$21,000
Grants to Domestic Individuals$0--$10,933
Grants to Domestic Orgs$10,000--$10,000
Payroll Taxes$3,346$590$0$3,936
Fees for Services Accounting$0$594$0$594
Information Technology$372$200$0$572
Payments to Affiliates$0$466$0$466
Total Functional Expenses$121,583$12,875$0$145,391
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
NeuroTalent WorksPasadena, CA501(c)(3)Support for programs for individuals on the autism spectrum.$10,000

International Summary

Offices
0
Employees
0
Spending
$45,390

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 America and the CaribbeanProgram ServiceCharitable Aid00$45,390
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
No
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

Part VI, Line 2

| Employee:, Relationship:, Employee:| Paul Barmaksezian, Family Relationship, Ani Barmaksezian| Paul Barmaksezian, Family Relationship, Lisa Haleblian|

Part VI, Section B, Line 11B

The form is reviewed by members of the board.

Part VI, Section B, Line 12C

Policies and transactions are reviewed on a regular basis.

Part VI, Section C, Line 19

Financial statements are posted on the website. Other documentation is available upon request.

Filing and Contact Details

Filer

Filer Name
587 Ministries Inc
EIN
27-3599488
In Care Of
% Paul Barmaksezian
Address
2670 LAMBERT DR, PASADENA, CA 91107-2620

Signing Officer

Name
Paul Barmaksezian
Title
President
Signed
2022-04-12
Discuss with paid preparer
No

Organization Details

Formed
2010
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
1
Volunteers
0
Supplemental Narrative

Additional Explanations

Part III, Line 4D

| Description:, Expense Amount:, Grants Amount:, Revenue Amount:|

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IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt0466
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt0466
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0590
IRS990/PayrollTaxesGrp/ProgramServicesAmt03346
IRS990/PayrollTaxesGrp/TotalAmt03936
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03150
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt017850
IRS990/PensionPlanContributionsGrp/TotalAmt021000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Paul Barmaksezian
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0NeuroTalent Works exempt purpose is finding meaningful corporate employment for young adults on the autism spectrum.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt017843
IRS990/ProgSrvcAccomActy2Grp/GrantAmt010000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0119179
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt063669
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt010991
IRS990/PYOtherRevenueAmt0180
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-10976
IRS990/PYSalariesCompEmpBnftPaidAmt055675
IRS990/PYTotalExpensesAmt0130335
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0119359
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-6880
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0535928
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0636877
IRS990/SavingsAndTempCashInvstGrp/BOYAmt032892
IRS990/SavingsAndTempCashInvstGrp/EOYAmt038115
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0134067
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0119179
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0186154
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0194253
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0227990
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0861643
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04444
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04444
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04444
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04444
IRS990ScheduleA/InvestmentIncomeCYPct00.00513
IRS990ScheduleA/InvestmentIncomePYPct00.0165
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99487
IRS990ScheduleA/PublicSupportPY509Pct00.98
IRS990ScheduleA/PublicSupportTotal509Amt0861643
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0134067
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0119179
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0186154
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0194253
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0227990
IRS990ScheduleA/Total509Grp/TotalAmt0861643
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0138511
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0119179
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0186154
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0194253
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0227990
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0866087
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

Document Assets

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Filings

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
2021Detailed filing. Detailed filing data is available for this year.$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
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$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