587 Ministries Inc
To support the vulnerable in society by missions and other charitable activities toward individuals.
587 Ministries Inc at a glance
- Total assets
- $740,909
- -3.4% vs 2024
- Revenue (2025)
- $321,046
- +83.0% vs 2024
- Net investment income (2025)
- $10,117
- +39.7% vs 2024
- Expenses (2025)
- $294,892
- +114.7% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who 587 Ministries Inc funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2023, annual grant giving ranged from $10K (2021) to $10K (2023). In 2023 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NeuroTalent Works Inc Pasadena, CA | Assistance to NeuroTalent Works | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $740,909 | $321,046 | $294,892 | — | — | $10,117 |
| 2024 | $766,873 | $175,473 | $137,364 | — | — | $7,242 |
| 2023 | $645,046 | $146,300 | $130,415 | $10,000 | 1 | $4,877 |
| 2022 | $584,352 | $141,058 | $130,511 | $10,000 | 1 | $5,998 |
| 2021 | $640,333 | $138,511 | $145,391 | $10,000 | 1 | $4,444 |
| 2020 | $541,121 | $119,359 | $130,335 | — | — | — |
About 587 Ministries Inc
Based on IRS filings
587 Ministries Inc is a public charity focused on Human Services, based in Pasadena, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $741K in total assets. Net investment income was $10K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
587 Ministries Inc is led by Paul Barmaksezian, President on every filing since 2020; 1 of 4 officers listed in 2025 is compensated.
Officers on the 2025 filing
Paul Barmaksezian
President
On filings since 2020
25 hrs/week
$36K (2020) → $89K (2025)
Ani Barmaksezian
Board Member
COO → Board Member, 2021
On filings since 2020
$9K (2020) → $0 (2025)
Herag Haleblian
Board Member
Director → Board Member, 2021
On filings since 2020
No compensation reported
Lisa Haleblian
Board Member
Secretary → Board Member, 2021
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $89K, to Paul Barmaksezian (President).
Frequently asked questions about 587 Ministries Inc
How large is 587 Ministries Inc?
587 Ministries Inc reported $741K in total assets on its 2025 IRS Form 990. Its revenue that year was $321K.
What is 587 Ministries Inc?
587 Ministries Inc is a public charity focused on Human Services, based in Pasadena, CA. It holds $741K in total assets as of 2025.
Where does 587 Ministries Inc operate?
587 Ministries Inc has awarded grants in California.
What is 587 Ministries Inc's EIN?
587 Ministries Inc's EIN (Employer Identification Number) is 27-3599488. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS April 12, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS April 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS March 15, 2024)
Live grants for the work 587 Ministries Inc funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in 587 Ministries Inc's focus areas in our free grants database
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from 587 Ministries Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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