Permanecer Ministries Inc
- Assets
- $83.6k
- Revenue
- $309.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Rocklin, CA
- Founding
- 06/2019
- Data as of
- 12/2023
- 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 12/2023, Permanecer Ministries Inc generated $309.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $290.4k during the year ending 12/2023. While expenses have increased by 34.9% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A RELIGIOUS CORPORATION ORGANIZED WITH THE SPECIFIC PURPOSE OF SUPPORTING CHRISTIAN MISSIONS AND MINISTRIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCY MINISTRY SUPPORT - PROVIDED FOR THE FOOD AND CARE OF OVER 60 ELDERLY PERSONS THROUGH THE MINISTRIES AT CASA DEL ABUELO AND PROJECT JOSEFINA. PROVIDED FOR THE FOOD AND TRANSPORTATION OF THOUSANDS OF FAMILY MEMBERS CARING FOR SOMEONE IN THE HOSPITAL THROUGH THE MINISTRY AT HOUSE OF MERCY. COMPLETED 4 BUILDINGS AND MORE THAN 20 CONSTRUCTION PROJECTS TO SUPPORT THOSE MINISTRIES.
NATIONAL SUPPORT - PROVIDED SUPPORT TO 7 NATIONAL FAMILIES, 5 OF WHOM SERVE IN LOCAL MINISTRIES.
MISSIONARY SUPPORT - PROVIDED FOR 1 FAMILY TO SERVE IN FULL TIME MINISTRY IN ENSENADA MEXICO; PROVIDED FOR 2 MISSIONARIES FROM MEXICO TO SRI LANKA AND ETHIOPIA.
PASTORAL SUPPORT - PROVIDED SUPPORT TO 4 PASTORAL FAMILIES TO HELP WITH LIVING, MEDICAL, AND EDUCATION EXPENSES AS THEY SERVE IN FULL TIME MINISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Brewer Vice President | Officer | 2 | $0 |
Joshua Howard Secretary | Officer | 1 | $0 |
Scott C Mehren Treasurer | Officer | 1 | $0 |
Justin W Cosgrove President | Officer | 10 | $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 | $309,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,805 |
| Total Program Service Revenue | $0 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $309,842 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,100 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $171 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $238,856 |
| Total functional expenses | $290,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,335 |
| Savings and temporary cash investments | $24,307 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $83,642 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $83,642 |
| 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 | $83,642 |