Civic Intelligence

Shepherds Theological Seminary Inc.

990 • Fiscal year 2015 • EIN 20-0180768

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 16, 2015

Organization ProfileWWW.SHEPHERDS.EDU
6051 Tryon RoadCary, NC 27518

(919) 573-5350

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.19x

Higher debt load relative to assets than 55% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

48th percentile

0.08x

Higher debt load relative to revenue than 48% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Net Margin

70th percentile

11%

Higher net margin than 70% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

74th percentile

$128,115

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Asset Growth

72nd percentile

17%

Faster asset growth than 72% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

48th percentile

4.4%

Faster revenue growth than 48% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$599,128

Up $86,524 (+17%) from 2014

Net Assets

Up

$486,583

Up $149,445 (+44%) from 2014

Liabilities

Down

$112,545

Down $62,921 (-36%) from 2014

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin70th percentile

Revenue

Up

$1,382,466

Up $58,883 (+4.4%) from 2014

Expenses

Up

$1,231,813

Up $33,096 (+2.8%) from 2014

Net Income

Up

$150,653

Up $25,787 (+21%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $471,823Liabilities 2011: $160,472Net Assets 2011: $311,3512011Assets 2012: $529,964Liabilities 2012: $59,470Net Assets 2012: $470,4942012Assets 2013: $401,428Liabilities 2013: $189,156Net Assets 2013: $212,2722013Assets 2014: $512,604Liabilities 2014: $175,466Net Assets 2014: $337,1382014Assets 2015: $599,128Liabilities 2015: $112,545Net Assets 2015: $486,5832015Assets 2016: $1,177,747Liabilities 2016: $608,405Net Assets 2016: $569,3422016Assets 2017: $1,009,402Liabilities 2017: $810,535Net Assets 2017: $198,8672017Assets 2018: $734,394Liabilities 2018: $530,218Net Assets 2018: $204,1762018Assets 2019: $922,245Liabilities 2019: $634,630Net Assets 2019: $287,6152019Assets 2020: $1,702,408Liabilities 2020: $1,310,173Net Assets 2020: $392,2352020Assets 2021: $1,562,546Liabilities 2021: $641,128Net Assets 2021: $921,4182021Assets 2022: $1,634,882Liabilities 2022: $581,136Net Assets 2022: $1,053,7462022Assets 2023: $1,717,921Liabilities 2023: $505,051Net Assets 2023: $1,212,8702023Assets 2024: $2,986,406Liabilities 2024: $558,162Net Assets 2024: $2,428,2442024

Highlighted filing

2015

Assets$599,128
Liabilities$112,545
Net Assets$486,583
Open 2015 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $956,0512011Expenses 2012: $1,064,1272012Expenses 2013: $1,152,7212013Revenue 2014: $1,323,583Expenses 2014: $1,198,717Net Income 2014: $124,8662014Revenue 2015: $1,382,466Expenses 2015: $1,231,813Net Income 2015: $150,6532015Revenue 2016: $1,376,690Expenses 2016: $1,293,931Net Income 2016: $82,7592016Revenue 2017: $1,094,734Expenses 2017: $1,464,904Net Income 2017: -$370,1702017Revenue 2018: $1,701,858Expenses 2018: $1,696,549Net Income 2018: $5,3092018Revenue 2019: $2,039,632Expenses 2019: $1,964,703Net Income 2019: $74,9292019Revenue 2020: $2,615,396Expenses 2020: $2,510,776Net Income 2020: $104,6202020Revenue 2021: $3,230,898Expenses 2021: $2,701,715Net Income 2021: $529,1832021Revenue 2022: $3,082,209Expenses 2022: $2,949,881Net Income 2022: $132,3282022Revenue 2023: $3,691,999Expenses 2023: $3,532,885Net Income 2023: $159,1142023Revenue 2024: $4,864,504Expenses 2024: $3,649,130Net Income 2024: $1,215,3742024

Highlighted filing

2015

Revenue$1,382,466
Expenses$1,231,813
Net Income$150,653
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$1,405,323
Mission and Program Overview

Mission

To train men and women for ministry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$271,360$234,955▼ $36,405
Cash and Non-Interest-Bearing Accounts$13,463$167,225▲ $153,762
Savings and Temporary Cash Investments$190,434$156,841▼ $33,593
Prepaid Expenses and Deferred Charges$21,581$21,414▼ $167
Accounts Receivable$15,766$18,693▲ $2,927
Total Assets$512,604$599,128▲ $86,524
Liabilities
Accounts Payable and Accrued Expenses$89,074$104,794▲ $15,720
Mortgage Notes Payable Secured by Investment Property$84,000$0▼ $84,000
Deferred Revenue$2,392$7,265▲ $4,873
Grants Payable-$486-
Total Liabilities$175,466$112,545▼ $62,921
Net Assets / Fund Balance
Unrestricted Net Assets$162,034$342,510▲ $180,476
Temporarily Rstr Net Assets$120,680$144,073▲ $23,393
Permanently Rstr Net Assets$54,424$0▼ $54,424
Total Net Assets Fund Balance$337,138$486,583▲ $149,445
Total Liabilities and Net Assets / Fund Balance$512,604$599,128▲ $86,524

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$185,343$407,291$592,634
Other Land Buildings$34,883$115,020$149,903
Equipment$14,729$56,403$71,132

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$156,576$52,778-$-85,530$123,824
2013$62,767$97,010--$156,576
2012$47,922$14,845--$62,767
2011$41,032$6,890--$47,922
2010$23,634$17,398--$41,032
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Larry PettegrewDean & Executive Vice PresFT$104,072$24,043$128,115
Ewart HodginsCFOPT$38,672$1,962$40,634

Board Members and Trustees

NameTitle
William LudwigChairman
Stephen DaveyPresident
Alan CropseyBoard Member
David Gibbs IiiBoard Member
David VaughanBoard Member
Mitchell GregoryBoard Member
Walter RossBoard Member
Bobby GodfreySecretary
Wayne WittTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,052,801
Program Service Revenue
$308,261
Investment Income
$-1,594
Other Revenue
$22,998
All Other Contributions
$1,003,341
Change in Net Assets
$150,653

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,382,465
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$324,257
Total Revenue per Audited Statements
$1,706,722
Total Revenue per Form 990
$1,382,465
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$889,062
Other Expenses$320,745
Total Fundraising Expense$163,800
Grants and Similar Amounts Paid$22,006
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$426,963$139,365$90,955$657,283
Current Officers, Directors, Trustees, and Key Employees$92,697$30,300$19,747$142,744
Other Employee Benefits$55,849$18,229$11,897$85,975
Depreciation Depletion$61,940$3,555$1,777$67,272
All Other Expenses$26,369$4,992$4,551$35,912
Office Expenses$16,976$1,747$4,328$23,051
Grants to Domestic Individuals$22,006--$22,006
Fees for Services Accounting$11,400$3,800$3,800$19,000
Other Expenses$11,181$5,453$1,818$18,452
Information Technology$15,160$1,158$1,101$17,419
Travel$15,105$55$55$15,215
Conferences and Meetings$4,325$6,189$1,686$12,200
Interest$3,068$1,023$1,023$5,114
Insurance$4,626--$4,626
Fees for Services Legal-$409$3,683$4,092
Payroll Taxes$1,988$649$423$3,060
Total Functional Expenses$846,771$221,242$163,800$1,231,813

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,557,277
Expenses per Audited Statements$1,231,813
Total Expenses per Form 990$1,231,813
Expenses Not Reported on Form 990$325,464
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,495
Fundraising Direct Expenses$6,497
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Banquet$49,460-$2,813-
Golf Tournament$29,495$29,495$3,684$25,811
Total Events$78,955$29,495$6,497$22,998
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“After the 990 is prepared it is reviewed by the finance committee before being signed and filed.”

Form 990, Part VI, Section B, Line 12C

“Board members are aware of the conflict of interest policy. They are asked to disclose any conflicts when they are known. Also if there is an issue where it is known that a board member has a conflict of interest, then they are asked to exclude themselves from the discussion and voting.”

Form 990, Part VI, Section B, Line 15

“Compensation is reviewed and recommended by the finance committee. The committee uses salaries of people in comparable positions and available surveys. The executive committee of the board reviews and approves the finance committee recommendations. All compensation is approved in the annual budget.”

Form 990, Part VI, Section C, Line 19

“Documents are available at the organization's offices weekdays from 9am to 5pm.”

Filing and Contact Details

Filer

Filer Name
Shepherds Theological Seminary Inc
EIN
20-0180768
Phone
9195735350
Address
6051 TRYON ROAD, CARY, NC 27518

Signing Officer

Name
Ewart Hodgins
Title
CFO
Phone
9195735350
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ewart Hodgins
Formed
2003
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
9
Employees
16
Volunteers
65

Preparer

Firm
Williams Overman Pierce Llp
Address
2501 ATRIUM DRIVE SUITE 500, RALEIGH, NC 27607
Preparer
Gwen L Vass CPA
Phone
9197823444
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The seminary's endowments are intended to be used for scholarships currently and for future projects to be determined by the board.”

PART X, LINE 2:

“The seminary evaluates all significant tax positions as required by accounting principles generally accepted in the united states of america. As of june 30, 2015, the seminary does not believe that it has taken any positions that would require the recording of any additional tax liability (or asset) or disclosure in the financial statements. The seminary is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2011.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Banquet expenses not netted against revenue on financial statements 2,814.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Banquet expenses not netted against revenue on financial statements 2,814.”

Raw XML AppendixShowing 400 of 532 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0OUR CHRISTIAN SEMINARY PROVIDES QUALITY THEOLOGICAL TRAINING FOR MINISTRY IN LOCAL CHURCHES AND ON MISSION FIELDS OVERSEAS. DURING THE 2014-2015 ACADEMIC YEAR, STS WAS ENGAGED IN GRADUATE AND UNDERGRADUATE LEVEL EDUCATION AS PREPARATION FOR CHRISTIAN MINISTRY. AT ITS CARY CAMPUS, STS PROVIDED A TOTAL OF 72 COURSES RANGING FROM 1 TO 20 STUDENTS ENROLLED. THESE COURSES INCLUDE INDIVIDUAL INTERNSHIP, THESES, AND INDEPENDENT STUDY COURSES. AT ITS LARAMIE VALLEY CHAPEL TEACHING SITE, STS PROVIDED A TOTAL OF 16 CLASSROOM COURSES RANGING FOR 1 TO 13 STUDENTS ENROLLED. COURSES AT STS WERE OFFERED IN THE FOLLOWING FIELDS: PASTORAL MINISTRY AND COUNSELING, SYSTEMATIC AND HISTORICAL THEOLOGY, AND BIBLICAL STUDIES INCLUDING GREEK AND HEBREW. THE FOLLOWING NUMBERS OF STUDENTS PARTICIPATED IN PROGRAMS AT STS: 84 TOTAL CREDIT STUDENTS OF WHICH THERE WERE 79 GRADUATE STUDENTS AND 5 BACHELOR/ASSOCIATE STUDENTS. STS TAUGHT 1188 TOTAL CREDIT HOURS OF WHICH 237 CREDITS WERE TAUGHT VIA DVD COURSES. STS HAD 15 GRADUATES IN MAY 2015 WHICH ARE PARTICIPATING IN A VARIETY OF MINISTRIES, INCLUDING THE FOLLOWING: ASSISTANT PASTORS, CHURCH PLANTER, MISSIONARY, BIBLICAL COUNSELORS, LAY-COUNSELORS, AND LOCAL-CHURCH VOLUNTEERS. SIMILARLY, STS' ALUMNI SERVE IN ALL AREAS OF LOCAL CHURCH MINISTRY, PARA-CHURCH MINISTRIES, AND FOREIGN MINISTRIES.
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IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt049460
IRS990/FundraisingDirectExpensesAmt06497
IRS990/FundraisingGrossIncomeAmt029495
IRS990/GainOrLossGrp/OtherAmt0-1697
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantAmt022006
IRS990/GrantsPayableGrp/EOYAmt0486
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt022006
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt022006
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt014663
IRS990/GrossReceiptsAmt01405323
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01101
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01158
IRS990/InformationTechnologyGrp/ProgramServicesAmt015160
IRS990/InformationTechnologyGrp/TotalAmt017419
IRS990/InsuranceGrp/ProgramServicesAmt04626
IRS990/InsuranceGrp/TotalAmt04626
IRS990/InterestGrp/FundraisingAmt01023
IRS990/InterestGrp/ManagementAndGeneralAmt01023
IRS990/InterestGrp/ProgramServicesAmt03068
IRS990/InterestGrp/TotalAmt05114
IRS990/InvestmentIncomeGrp/ExclusionAmt0103
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0103
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0578714
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0271360
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0234955
IRS990/LandBldgEquipCostOrOtherBssAmt0813669
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt016360
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO TRAIN MEN AND WOMEN FOR MINISTRY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt084000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0337138
IRS990/NetAssetsOrFundBalancesEOYAmt0486583
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1697
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1697
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt022998
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt022998
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1207
IRS990/NoncashContributionsAmt05911
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt04328
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01747
IRS990/OfficeExpensesGrp/ProgramServicesAmt016976
IRS990/OfficeExpensesGrp/TotalAmt023051
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011897
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018229
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt055849
IRS990/OtherEmployeeBenefitsGrp/TotalAmt085975
IRS990/OtherExpensesGrp/Desc0ISRAEL STUDENT EXPERIEN
IRS990/OtherExpensesGrp/Desc1DEVELOPEMENT
IRS990/OtherExpensesGrp/Desc2STUDENT RECRUITMENT & E
IRS990/OtherExpensesGrp/Desc3ACCREDITATION COSTS
IRS990/OtherExpensesGrp/FundraisingAmt016087
IRS990/OtherExpensesGrp/FundraisingAmt1869
IRS990/OtherExpensesGrp/FundraisingAmt21818
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02119
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12199
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25453
IRS990/OtherExpensesGrp/ProgramServicesAmt048804
IRS990/OtherExpensesGrp/ProgramServicesAmt111343
IRS990/OtherExpensesGrp/ProgramServicesAmt216971
IRS990/OtherExpensesGrp/ProgramServicesAmt311181
IRS990/OtherExpensesGrp/TotalAmt048804
IRS990/OtherExpensesGrp/TotalAmt129549
IRS990/OtherExpensesGrp/TotalAmt220039
IRS990/OtherExpensesGrp/TotalAmt318452
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt090955
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0139365
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0426963
IRS990/OtherSalariesAndWagesGrp/TotalAmt0657283
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0423
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0649
IRS990/PayrollTaxesGrp/ProgramServicesAmt01988
IRS990/PayrollTaxesGrp/TotalAmt03060
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt054424
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021581
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021414
IRS990/PrincipalOfficerNm0EWART HODGINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611310
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0308261
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0308261
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0994611
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt06768
IRS990/PYInvestmentIncomeAmt044
IRS990/PYOtherExpensesAmt0287157
IRS990/PYOtherRevenueAmt018579
IRS990/PYProgramServiceRevenueAmt0310349
IRS990/PYRevenuesLessExpensesAmt0124866
IRS990/PYSalariesCompEmpBnftPaidAmt0904792
IRS990/PYTotalExpensesAmt01198717
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01323583
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0150653
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0308261
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0190434
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0156841
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0156576
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt052778
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0123824
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0-85530
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt03201
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt062767
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt097010
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0156576
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt047922
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt014845
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt062767
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt041032
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt06890
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt047922
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt023634
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt017398
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt041032
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0322650
IRS990ScheduleD/DonatedServicesUseFcltsAmt0322650
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt014729
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056403
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt071132
IRS990ScheduleD/ExpensesNotReportedAmt0325464
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01231813
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0185343
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0407291
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0592634
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1207
IRS990ScheduleD/OtherExpensesIncludedAmt02814
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt034883
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0115020
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0149903
IRS990ScheduleD/OtherRevenueAmt02814
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/RevenueNotReportedAmt0324257
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01382465
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SEMINARY'S ENDOWMENTS ARE INTENDED TO BE USED FOR SCHOLARSHIPS CURRENTLY AND FOR FUTURE PROJECTS TO BE DETERMINED BY THE BOARD.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE SEMINARY EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. AS OF JUNE 30, 2015, THE SEMINARY DOES NOT BELIEVE THAT IT HAS TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SEMINARY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BANQUET EXPENSES NOT NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 2,814.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3BANQUET EXPENSES NOT NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 2,814.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0234955
IRS990ScheduleD/TotalExpensesPerForm990Amt01231813
IRS990ScheduleD/TotalRevenuePerForm990Amt01382465
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01706722
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01557277
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$599,128
Liabilities
$112,545
Net assets
$486,583
Revenue
$1,382,466
Expenses
$1,231,813
Net income
$150,653
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.99$0.56$2.43$4.86$3.65$1.22
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.51$1.21$3.69$3.53$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$0.58$1.05$3.08$2.95$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.64$0.92$3.23$2.70$0.53
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$1.31$0.39$2.62$2.51$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.63$0.29$2.04$1.96$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.53$0.20$1.70$1.70$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.81$0.20$1.09$1.46$0.37
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.61$0.57$1.38$1.29$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.60$0.11$0.49$1.38$1.23$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.51$0.18$0.34$1.32$1.20$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.19$0.21$1.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.06$0.47$1.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.16$0.31$0.96