Open Hearts Ministries Inc
- Assets
- $41.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Haverhill, MA
- Founding
- 02/2007
- Data as of
- 12/2023
- 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 12/2023, Open Hearts Ministries Inc generated $113.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $111.2k during the year ending 12/2023. While expenses have increased by 17.2% per year over the past 4 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE HOT MEALS FOR 200 UNIQUE PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darcy Randall President | 2 | $0 | |
Rev Michael Sperring Vice President | 2 | $0 | |
Sarah Cummings Treasurer | 2 | $0 | |
Nancy Jamgocian Clerk | 2 | $0 | |
Gerald Jamgochian Director | 2 | $0 | |
Henry Scarano Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,200 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $113,200 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $47,378 |
| Professional fees and other payments to independent contractors | $144 |
| Occupancy, rent, utilities, and maintenance | $12,000 |
| Printing, publications, postage, and shipping | $128 |
| Other expenses | $51,504 |
| Total expenses | $111,154 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,066 |
| Other assets | $0 |
| Total assets | $41,844 |
| Total liabilities | $698 |
| Net assets or fund balances | $41,146 |