587 Ministries Inc

Public charity · Grantmaker Pasadena, CA EIN: 27-3599488

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

Key facts about 587 Ministries Inc

EIN
27-3599488
Latest 990 filing
Form 990, 2025
Total assets
$740,909

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$741K

-3.4% YoY

Revenue

$321K

+83.0% YoY

Net Investment Income

$10K

+39.7% YoY

Expenses

$295K

+114.7% YoY

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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Pasadena

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5K$5K$7.5K$10K0 grants2020 1 grant2021 1 grant2022 1 grant2023 0 grants2024 0 grants2025

From 2021 to 2023, annual grant giving ranged from $10K (2021) to $10K (2023). In 2023 it made 1 grant totaling $10K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

3 grants across all recorded years

3<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 3 grants of 3 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$100K$200K$300K$400K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$740,909$766,873$645,046
Revenue$321,046$175,473$146,300
Expenses$294,892$137,364$130,415
Net Investment Income$10,117$7,242$4,877

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2021 (received by the IRS April 12, 2022)
  2. Updated Form 990 for fiscal year 2022 (received by the IRS April 8, 2023)
  3. Updated Form 990 for fiscal year 2023 (received by the IRS March 15, 2024)

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

Paul Barmaksezian — President: $89KPaul BarmaksezianPresident$89K

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.

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