Corazon Ministries Inc
- Assets
- $90.5k
- Revenue
- $393.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Tucson, AZ
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 86-0810200
Organization Overview
Corazon Ministries Inc is located in Tucson, AZ. The organization was established in 1996. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Corazon Ministries Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corazon 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, Corazon Ministries Inc generated $393.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $387.4k during the year ending 12/2021. While expenses have increased by 7.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF CORAZN MINISTRIES IS TO EVANGELIZE TO NON-BELIEVERS, TO DEVELOP BELIEVERS INTO DISCIPLE MAKERS, AND TO EQUIP BELIEVERS FOR WORK AND SERVICE WITHIN THE CONTEXT OF CULTURE AND COMMUNITY IN THE HISPANIC/LATINO AND OTHER ETHNIC POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION STATEMENT SAYS: THE PURPOSE OF CORAZN MINISTRIES IS TO EVANGELIZE TO NON-BELIEVERS, TO DEVELOP BELIEVERS INTO DISCIPLE MAKERS, AND TO EQUIP BELIEVERS FOR WORK AND SERVICE WITHIN THE CONTEXT OF CULTURE AND COMMUNITY IN THE HISPANIC/LATINO AND OTHER ETHNIC POPULATIONS.2021 WAS A TRANSITIONAL YEAR OF IN-PERSON MINISTRY FOLLOWING THE WORLDWIDE PANDEMIC THAT BEGAN IN 2020 WHICH HAD A SIGNIFICANT IMPACT ON IN-PERSON PROGRAMMING. CORAZN MINISTRIES CONTINUED TO DEMONSTRATE ITS MISSION THROUGH ONLINE, VIRTUAL, AND HYBRID PROGRAMMING, BUT INCREASED ITS IN-PERSON PROGRAMS THROUGH SMALLER GATHERINGS, BIBLE STUDIES AND WORKSHOPS. CORAZN MINISTRIES ALSO ORGANIZED AND CONTRIBUTED TO COMMUNITY OUTREACH PROJECTS BY COLLABORATING WITH LOCAL SCHOOLS AND CHURCHES ON CONSTRUCTION, CLEANUP AND LANDSCAPING PROJECTS. THEY HELPED TO FEED LOCAL NEEDY FAMILIES, COLLABORATED WITH LOCAL SCHOOL EDUCATORS AND LEADERS THROUGH THE CHRISTIAN COALITION OF TUCSON, AND PARTNERED WITH THE ASSOCIATION OF SPANISH-SPEAKING PASTORS FOR OUTREACH. THEY MINISTER TO MEN, WOMEN, COUPLES, MOMS, YOUTH, FAMILIES, PASTORS AND THEIR WIVES. THEY PREACH AT CHURCHES LOCALLY AND NATIONALLY, VIA ZOOM AND ONLINE, PERFORM WEDDINGS, FUNERALS, AND DEDICATIONS, AND DO BIBLICAL PRE-MARITAL TRAINING. CORAZN MINISTRIES MINISTERED TO APPROXIMATELY 5500 INDIVIDUALS LOCALLY AND NATIONWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Alameda President | OfficerTrustee | 40 | $81,900 |
Claire Alameda Vice-President | OfficerTrustee | 40 | $9,600 |
Craig Young Treasurer | OfficerTrustee | 1 | $0 |
Maria Mejias Secretary | OfficerTrustee | 1 | $0 |
Manual Corral Board Member | Trustee | 1 | $0 |
Randy Brainard Board Member | Trustee | 1 | $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 | $379,367 |
| Noncash contributions included in lines 1a–1f | $12,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $379,367 |
| Total Program Service Revenue | $8,531 |
| Investment income | $0 |
| 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 | $392,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $930 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,157 |
| Payroll taxes | $2,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,930 |
| Advertising and promotion | $0 |
| Office expenses | $34,239 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,051 |
| Travel | $11,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,054 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,800 |
| Insurance | $9,742 |
| All other expenses | $294 |
| Total functional expenses | $387,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,743 |
| Savings and temporary cash investments | $0 |
| 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 | $28,718 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $90,461 |
| Accounts payable and accrued expenses | $100 |
| 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 | $100 |
| Net assets without donor restrictions | $54,510 |
| Net assets with donor restrictions | $35,851 |
| 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 | $90,461 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Corazon Ministries Inc has recieved totaling $52,591.
| Awarding Organization | Amount |
|---|---|
The Ensio Family Foundation Tucson, AZ PURPOSE: GENERAL FUND | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $12,400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $191 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Turning Point For God Lakeside, CA | $55,591,424 | $109,738,214 |
Christian Living Neighborhoods Englewood, CO | $224,341,637 | $68,240,806 |
Andrew Wommack Ministries Inc Woodland Park, CO | $3,718,119 | $49,366,853 |
Family Resource & Referral Center Of San Joaquin Stockton, CA | $22,143,375 | $58,140,912 |
Yellow Chair Foundation San Francisco, CA | $899,830,560 | $147,461,050 |
St Vincent De Paul Village Inc San Diego, CA | $50,446,763 | $60,152,162 |
Frontiers Usa Phoenix, AZ | $21,110,620 | $36,556,098 |
Open Doors With Brother Andrew Inc Santa Ana, CA | $12,195,285 | $33,559,571 |
Cityteam Ministries San Jose, CA | $57,357,554 | $43,092,381 |
Greater Europe Mission Monument, CO | $16,565,205 | $26,305,521 |
Joni And Friends Agoura Hills, CA | $42,271,581 | $29,467,878 |
Catholic Community Foundation Of Los Angeles Los Angeles, CA | $298,852,432 | $83,411,965 |