Permanecer Ministries Inc
- Assets
- $70.8k
- Revenue
- $289.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Rocklin, CA
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-3641993
Organization Overview
Permanecer Ministries Inc is located in Rocklin, CA. The organization was established in 2019. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. Permanecer 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 12/2021, Permanecer Ministries Inc generated $289.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 49.2% each year . All expenses for the organization totaled $255.4k during the year ending 12/2021. While expenses have increased by 57.8% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCY MINISTRY SUPPORT-ABOUT 10 CONSTRUCTION PROJECTS COMPLETED AT HOUSE OF MERCY CASA DEL ABUELO AND PROJECT JOSEPHINA
MISSIONARY SUPPORT - PROVIDE FOR 1 FAMILY TO SERVE IN FULL TIME MINISTRY IN ENSENADA MEXICO PREPARING TO HELP SEND A MISSIONARY FROM MEXICO TO SRI LANKA
PASTORAL SUPPORT - PROVIDE SUPPORT TO 3 PASTORAL FAMILIES TO HELP WITH LIVING MEDICAL AND EDUCATION EXPENSES AS THEY SERVE IN FULL TIME MINISTRY
NATIONAL SUPPORT - PROVIDE SUPPORT TO 6 NATIONAL FAMILIES SERVING IN LOCAL MINISTRIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott C Mehren Treasurer | 1 | $0 | |
Justin W Cosgrove President | 10 | $0 | |
Glenn Brewer Vice President | 2 | $0 | |
Joshua Howard Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $289,232 |
| Interest on Savings | $3 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $289,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $34,700 |
| Pension plans, employee benefits | $2,900 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $217,786 |
| Total operating and administrative expenses | $255,386 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $255,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,766 |
| Savings and temporary cash investments | $22,007 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $70,773 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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