Hovsepian Ministries Inc
- Assets
- $341.9k
- Revenue
- $318.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Burbank, CA
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 36-4605569
Organization Overview
Hovsepian Ministries Inc is located in Burbank, CA. The organization was established in 2009. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hovsepian Ministries Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Hovsepian Ministries Inc generated $318.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $376.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOVSEPIAN MINISTRIES WAS FORMED TO SHARE THE GOOD NEWS OF THE GOSPEL AND MESSAGE OF HOPE WITH THE FARSI SPEAKING WORLD THROUGH SATELLITE ONLINE RESOURCES AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GERANBAHA - MEANING PRECIOUS IS A PLATFORM THAT TOUCHES TENS OF THOUSANDS OF IRANIAN LIVES ON A DAILY BASIS THROUGH ITS WEBSITE SOCIAL MEDIA CHANNELS AND LIVE PROGRAMS. IT PROVIDES ACCESS TO TEACHING WORSHIP RESOURCES DAILY DEVOTIONALS DISCIPLESHIP ARTICLES AUDIO SERMONS AND MORE ALL AVAILABLE IN VIDEO AUDIO AND TEXT FORMATS. THE IRANIAN PEOPLES RESPONSE TO THE WIDESPREAD DISTRIBUTION OF ALL OF THIS FRESH CHRISTIAN CONTENT HAS BEEN OVERWHELMINGLY POSITIVE AND IT CONTINUES TO LEAD TO ONE-ON-ONE COMMUNICATIONS WITH VIEWERS THROUGH SECURE MESSAGING OR CALLING ON SOME OF THE MEDIA APPS SUCH AS TELEGRAM THAT HOST GERANBAHA. GERANBAHAS AUDIENCE IS QUICKLY TURNING INTO A VIRTUAL CHURCH WHERE MEMBERS ARE BENEFITING NOT ONLY FROM SPIRITUAL RESOURCES BUT FELLOWSHIP AS WELL. SINCE ITS LAUNCH GERANBAHAS MEDIA CONTENT AND TRAINED FOLLOW-UP TEAM HAVE LED HUNDREDS OF PEOPLE TO TO CHRIST AND HELPED THOUSANDS MORE TO GROW IN THEIR FAITH. OUR COMMUNICATION CHANNELS ARE OVERWHELMINGLY BUSY RECEIVING AN AVERAGE OF 2,700 CONTENT DOWNLOADS PER DAY MAKING GERANBAHA ONE OF THE LARGEST MOST UP-TO-DATE AND MOST ENGAGING INTERNET AND ON-AIR PLATFORMS FOR FARSI CHRISTIAN RESOURCES. IN ADDITION GERANBAHAS FOOTPRINTS CAN BE TRACED TO SEVERAL OTHER MINISTRIES WHO ARE NOW FREQUENTLY USING ITS NEW CREATIVE AND HIGH-QUALITY CONTENT FREELY AS A TOOL FOR THEIR MINISTRY TO IRANIANS.
PERSECUTION SERIES - THE ISOLATED BELIEVERS PROJECT IS A VIDEO SERIES BASED ON THE SHARED STRUGGLES OF CHRISTIANS LIVING IN THE NATION OF IRAN. EACH EPISODE FOCUSES ON A UNIQUE FACET OF LIVING UNDER PERSECUTION AND THE IMPACT IT HAS ON THE INDIVIDUAL THEIR RELATIONSHIPS AND DAILY LIVES. THE GOAL OF THE PROJECT IS TO ENCOURAGE BELIEVERS WHO FEEL ISOLATED AND TO SHOW THEM THEY ARE NOT ALONE - THE LORD IS WITH THEM IN THEIR STRUGGLE AND THERE ARE MANY OTHERS WHO LABOR ALONGSIDE THEM AND UNDERSTAND WHAT THEY ARE GOING THROUGH. EACH EPISODE ADDRESSES A CHALLENGE OFFERS PRACTICAL SOLUTIONS AND SERVES AS A CATALYST FOR DEEPER CONVERSATION THROUGH CREATIVE STORYTELLING.
HOUSE OF WORSHIP - THE PROGRAM INCLUDES A GROUP OF YOUNG MUSICIANS AND SINGERS GATHERED TOGETHER IN A COZY SETTING PLAYING AND SINGING WORSHIP SONGS WHILE A SMALL AUDIENCE WORSHIPS WITH THE BAND IN THE BACKGROUND. THE OVERALL MOOD OF THE PROGRAM IS DEEP SPIRITUAL WORSHIP. DURING THE WORSHIP THERE IS A TIME FOR POEM READING AS WELL AS A SHORT DEVOTIONAL MESSAGE RELATED TO WORSHIP AND EXHAUSTING THE LORD WHICH ARE RECORDED SEPARATELY AND INSERTED BETWEEN THE SONGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Hovsepian Executive Director | OfficerTrustee | 40 | $60,000 |
Anoosh Bolluk Director | Trustee | 2 | $0 |
Takoush Margoosian Director | Trustee | 1 | $0 |
Arpi Der Galestian Director | Trustee | 1 | $0 |
Derenik Markosian Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $295,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $295,400 |
| Total Program Service Revenue | $0 |
| Investment income | $8,988 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,671 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $318,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,847 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,626 |
| Fees for services: Other | $6,552 |
| Advertising and promotion | $212 |
| Office expenses | $18,480 |
| Information technology | $1,599 |
| Royalties | $0 |
| Occupancy | $28,732 |
| Travel | $2,733 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,238 |
| Insurance | $1,727 |
| All other expenses | $19,334 |
| Total functional expenses | $376,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,546 |
| Savings and temporary cash investments | $483 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $76,542 |
| Investments—publicly traded securities | $205,180 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,180 |
| Total assets | $341,931 |
| Accounts payable and accrued expenses | $9,340 |
| Grants payable | $0 |
| Deferred revenue | $73,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $82,340 |
| Net assets without donor restrictions | $259,591 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $341,931 |