Eternal Life Agape Ministries Inc
- Assets
- $777.1k
- Revenue
- $389.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Chatsworth, CA
- Founding
- 11/1989
- Data as of
- 12/2021
- EIN
- 95-4223202
Organization Overview
Eternal Life Agape Ministries Inc is located in Chatsworth, CA. The organization was established in 1989. According to its NTEE Classification (O40) the organization is classified as: Scouting, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eternal Life Agape 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, Eternal Life Agape Ministries Inc generated $389.0k in total revenue. All expenses for the organization totaled $339.5k during the year ending 12/2021. While expenses have increased by 52.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHURCH PLANTING, PUBLISHING, CHURCH PLANTING VEHICLES, AUDIO PLAYERS, AID AND SUPPORT FOR PERSECUTED CHRISTIAN PEOPLE.
Describe the Organization's Program Activity:
ALL BALANCES CARRIED FORWARD AS PER APPROVAL OF BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Luke Ghookas Yeghnazar President | Trustee | 40 | $24,000 |
Eric Leon Treasurer | Trustee | 0 | $0 |
Farshid Babazadeh Director | Trustee | 0 | $0 |
Rev Iman Bani-Tahmaseb Director | Trustee | 0 | $0 |
Melody Yeghnazar Secretary | Trustee | 0 | $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 | $388,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $388,350 |
| Total Program Service Revenue | $601 |
| 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 | $388,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $1,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $247,923 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,000 |
| Fees for services: Accounting | $725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $636 |
| Office expenses | $1,158 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,321 |
| Travel | $6,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,262 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,440 |
| Insurance | $3,385 |
| All other expenses | $0 |
| Total functional expenses | $339,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,434 |
| Savings and temporary cash investments | $935 |
| 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 | $59,300 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $614,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $777,122 |
| Accounts payable and accrued expenses | $16,627 |
| 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 | $257,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $274,327 |
| Net assets without donor restrictions | $502,795 |
| 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 | $777,122 |