Open Hearts Ministries Inc
- Assets
- $40.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Haverhill, MA
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 55-0881163
Organization Overview
Open Hearts Ministries Inc is located in Haverhill, MA. The organization was established in 2007. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Hearts 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 12/2022, Open Hearts Ministries Inc generated $109.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $101.1k during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDEHOTMEALS5DAYSAWEEKFORPEOPLEINNEED.SERVED230MEALSPERWEEKANDDISTRIBUTED240TOILTRYKITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Michael Ross Sperring Vice President | 2 | $0 | |
Sarah Louise Cummings Treasurer | 7 | $0 | |
Nancy Jean Jamgochian Clerk | 2 | $0 | |
Gerald Sahog Jamgochian Director | 2 | $0 | |
Darcy Randall President | 2 | $0 | |
Debra Dolfe Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,464 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $975 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $109,439 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $531 |
| Salaries, other compensation, and employee benefits | $44,473 |
| Professional fees and other payments to independent contractors | $1,171 |
| Occupancy, rent, utilities, and maintenance | $34,200 |
| Printing, publications, postage, and shipping | $1,209 |
| Other expenses | $19,524 |
| Total expenses | $101,108 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,607 |
| Other assets | $0 |
| Total assets | $40,385 |
| Total liabilities | $1,285 |
| Net assets or fund balances | $39,100 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Open Hearts Ministries Inc has recieved totaling $35,891.
| Awarding Organization | Amount |
|---|---|
Essex County Community Foundation Incorporated Danvers, MA | | $14,802 |
Stevens-Bennett Home Inc Peabody, MA PURPOSE: RELIGIOUS, CHARITABLE | $14,000 |
Griffin White Foundation Inc Haverhill, MA PURPOSE: NEEDS | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $89 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Community Services Inc Jamaica, NY | $16,204,658 | $61,833,370 |
Foodlink Inc Rochester, NY | $12,495,538 | $50,797,539 |
Edesia Inc North Kingstown, RI | $34,638,112 | $45,463,901 |
Rethink Food Nyc Inc New York, NY | $24,716,191 | $29,334,574 |
Project Bread - The Walk For Hunger Inc East Boston, MA | $11,948,413 | $15,098,686 |
Tomche Shabbos Of Rockland County Monsey, NY | $3,190,088 | $8,439,711 |
Interfaith Nutrition Network Hempstead, NY | $10,559,882 | $10,681,917 |
St Johns Bread & Life Program Inc Brooklyn, NY | $8,308,596 | $7,077,565 |
Boston Area Gleaners Inc Acton, MA | $5,396,284 | $7,361,756 |
Urban Food Initiative Dorchester, MA | $4,670,593 | $4,930,418 |
Rescuing Leftover Cuisine New York, NY | $1,103,625 | $3,644,862 |
Lasagna Love Inc Williamstown, MA | $142,703 | $3,275,591 |