Civic Intelligence

Shepherds Theological Seminary Inc.

990 • Fiscal year 2016 • EIN 20-0180768

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 23, 2017

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

77th percentile

0.52x

Higher debt load relative to assets than 77% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

78th percentile

0.44x

Higher debt load relative to revenue than 78% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Net Margin

60th percentile

6.0%

Higher net margin than 60% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

74th percentile

$129,956

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Asset Growth

94th percentile

97%

Faster asset growth than 94% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

38th percentile

-0.4%

Faster revenue growth than 38% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$1,177,747

Up $578,619 (+97%) from 2015

Net Assets

Up

$569,342

Up $82,759 (+17%) from 2015

Liabilities

Up

$608,405

Up $495,860 (+441%) from 2015

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin60th percentile

Revenue

Down

$1,376,690

Down $5,776 (-0.4%) from 2015

Expenses

Up

$1,293,931

Up $62,118 (+5.0%) from 2015

Net Income

Down

$82,759

Down $67,894 (-45%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2016

Assets$1,177,747
Liabilities$608,405
Net Assets$569,342
Open 2016 Filing

Operations Trend

Revenue Growth38th 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

2016

Revenue$1,376,690
Expenses$1,293,931
Net Income$82,759
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 23, 2017
Return Version
2015v3.0
Gross Receipts
$1,390,916
Mission and Program Overview

Mission

To train men and women for ministry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$234,955$804,846▲ $569,891
Savings and Temporary Cash Investments$156,841$197,786▲ $40,945
Cash and Non-Interest-Bearing Accounts$167,225$134,776▼ $32,449
Accounts Receivable$18,693$29,310▲ $10,617
Prepaid Expenses and Deferred Charges$21,414$11,029▼ $10,385
Total Assets$599,128$1,177,747▲ $578,619
Liabilities
Unsecured Notes Loans Payable$0$350,000▲ $350,000
Accounts Payable and Accrued Expenses$104,794$127,055▲ $22,261
Mortgage Notes Payable Secured by Investment Property$0$120,000▲ $120,000
Deferred Revenue$7,265$11,350▲ $4,085
Grants Payable$486$0▼ $486
Total Liabilities$112,545$608,405▲ $495,860
Net Assets / Fund Balance
Unrestricted Net Assets$342,510$381,873▲ $39,363
Temporarily Rstr Net Assets$144,073$187,469▲ $43,396
Total Net Assets Fund Balance$486,583$569,342▲ $82,759
Total Liabilities and Net Assets / Fund Balance$599,128$1,177,747▲ $578,619

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$172,393$428,216$600,609
Buildings$600,000-$600,000
Other Land Buildings$19,998$129,905$149,903
Equipment$12,455$62,484$74,939

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$123,824$11,725-$-12,345$123,204
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
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Larry PettegrewDean & Executive Vice PresFT$105,845$24,111$129,956
Ewart HodginsCFOPT$39,243$1,962$41,205

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
$1,026,042
Program Service Revenue
$342,609
Investment Income
$-2,663
Other Revenue
$10,702
All Other Contributions
$886,752
Change in Net Assets
$82,759

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,376,690
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$328,693
Total Revenue per Audited Statements
$1,705,383
Total Revenue per Form 990
$1,376,690
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$943,090
Other Expenses$334,696
Total Fundraising Expense$152,642
Grants and Similar Amounts Paid$16,145
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions$591,641$27,005$84,154$702,800
Other Salaries and Wages$122,140$5,575$17,373$145,088
Other Employee Benefits$77,390$3,532$11,008$91,930
Depreciation Depletion$43,626$3,635$1,817$49,078
All Other Expenses$37,448$5,271$5,289$48,008
Office Expenses$17,370$2,584$6,281$26,235
Fees for Services Accounting$12,285$4,095$4,095$20,475
Other Expenses$3,978$1,423$12,803$18,204
Information Technology$15,314$1,093$1,361$17,768
Grants to Domestic Individuals$16,145--$16,145
Conferences and Meetings$15,182$466$156$15,804
Travel$15,212--$15,212
Insurance$7,135--$7,135
Fees for Services Legal$497$494$3,119$4,110
Payroll Taxes$2,754$126$392$3,272
Interest$363$121$121$605
Total Functional Expenses$1,076,601$64,688$152,642$1,293,931

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,622,624
Expenses per Audited Statements$1,293,931
Total Expenses per Form 990$1,293,931
Expenses Not Reported on Form 990$328,693
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$15,000
Fundraising Direct Expenses$4,298
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Banquet$139,290-$1,944-
Golf Tournament$15,000$15,000$2,354$12,646
Total Events$154,290$15,000$4,298$10,702
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
2017-01-23
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
19
Volunteers
89

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, 2016, 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 the year ended June 30, 2013.”

Part XI, Line 2D - Other Adjustments:

“Banquet expenses not netted against revenue on financial statements 1,943.”

Part XII, Line 2D - Other Adjustments:

“Banquet expenses not netted against revenue on financial statements 1,943.”

Raw XML AppendixShowing 400 of 533 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/Desc0SHEPHERDS THEOLOGICAL SEMINARY IS AN ACCREDITED GRADUATE SCHOOL PROVIDING QUALITY ACADEMIC AND THEOLOGICAL TRAINING FOR STUDENTS DESIRING TO SERVE IN LEADERSHIP ROLES AT CHURCHES, NON-PROFITS, AND OTHER FAITH-BASED ORGANIZATIONS. DURING THE 2015-2016 ACADEMIC YEAR, STS WAS ENGAGED IN GRADUATE EDUCATION AT THREE SITES. AT ITS CARY, NC CAMPUS, STS PROVIDED A TOTAL OF 72 COURSES RANGING FROM 1 TO 13 STUDENTS ENROLLED. THESE COURSES INCLUDE TRADITIONAL ACADEMIC COURSES ON THEOLOGY, HISTORY, PHILOSOPHY, BIBLICAL LANGUAGES, THESES COURSES, PRACTICAL MINISTRY COURSES, INDIVIDUAL INTERNSHIPS, AND INDEPENDENT STUDY COURSES. THE WEST INSTITUTE OF STS, A TEACHING SITE LOCATED IN LARAMIE WY, PROVIDED A TOTAL OF 15 CLASSROOM COURSES RANGING From 1 to 14 sTUDENTS ENROLLED. ADDITIONALLY, THE STS TEACHING SITE IN BRYAN, TX, PROVIDED A TOTAL OF 3 COURSES RANGING FROM 1 TO 5 STUDENTS ENROLLED. IN TOTAL, THE FOLLOWING NUMBERS OF STUDENTS PARTICIPATED IN PROGRAMS AT STS: 78 GRADUATE STUDENTS (DEGREE/CREDIT SEEKING) AND 33 NON-DEGREE-SEEKING/AUDIT STUDENT. STS DELIVERED 1279 TOTAL CREDIT HOURS OF INSTRUCTION, OF WHICH 28 CREDITS WERE TAUGHT VIA DISTANCE EDUCATION. STS HAD 26 GRADUATES IN MAY 2016 WHO ARE PARTICIPATING IN A VARIETY OF MINISTRIES, INCLUDING THE FOLLOWING: PASTORS, ASSISTANT PASTORS, CHURCH PLANTERS, MISSIONARIES, BIBLICAL COUNSELORS, LAY-COUNSELORS, NON-PROFIT WORKERS, AND LOCAL-CHURCH VOLUNTEERS. SIMILARLY, STS' ALUMNI SERVE IN ALL AREAS OF LOCAL CHURCH MINISTRY, PARA-CHURCH MINISTRIES, FOREIGN MINISTRIES, AND DOCTORAL PROGRAMS AND ACADEMIC APPOINTMENTS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt8bOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DEAN & EXECUTIVE VICE PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt10CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0139290
IRS990/FundraisingDirectExpensesAmt04298
IRS990/FundraisingGrossIncomeAmt015000
IRS990/GainOrLossGrp/OtherAmt0-2741
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantAmt016145
IRS990/GrantsPayableGrp/BOYAmt0486
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt016145
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt016145
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt07187
IRS990/GrossReceiptsAmt01390916
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01361
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01093
IRS990/InformationTechnologyGrp/ProgramServicesAmt015314
IRS990/InformationTechnologyGrp/TotalAmt017768
IRS990/InsuranceGrp/ProgramServicesAmt07135
IRS990/InsuranceGrp/TotalAmt07135
IRS990/InterestGrp/FundraisingAmt0121
IRS990/InterestGrp/ManagementAndGeneralAmt0121
IRS990/InterestGrp/ProgramServicesAmt0363
IRS990/InterestGrp/TotalAmt0605
IRS990/InvestmentIncomeGrp/ExclusionAmt078
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt078
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0620605
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0234955
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0804846
IRS990/LandBldgEquipCostOrOtherBssAmt01425451
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt09928
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/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0120000
IRS990/NetAssetsOrFundBalancesBOYAmt0486583
IRS990/NetAssetsOrFundBalancesEOYAmt0569342
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-2741
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-2741
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt010702
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt010702
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt0905
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt06281
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02584
IRS990/OfficeExpensesGrp/ProgramServicesAmt017370
IRS990/OfficeExpensesGrp/TotalAmt026235
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011008
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03532
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt077390
IRS990/OtherEmployeeBenefitsGrp/TotalAmt091930
IRS990/OtherExpensesGrp/Desc0Israel Student Experien
IRS990/OtherExpensesGrp/Desc1Student Recruitment & E
IRS990/OtherExpensesGrp/Desc2Accreditation Costs
IRS990/OtherExpensesGrp/Desc3Developement
IRS990/OtherExpensesGrp/FundraisingAmt01194
IRS990/OtherExpensesGrp/FundraisingAmt13479
IRS990/OtherExpensesGrp/FundraisingAmt212803
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0714
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18554
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21423
IRS990/OtherExpensesGrp/ProgramServicesAmt055893
IRS990/OtherExpensesGrp/ProgramServicesAmt126703
IRS990/OtherExpensesGrp/ProgramServicesAmt215525
IRS990/OtherExpensesGrp/ProgramServicesAmt33978
IRS990/OtherExpensesGrp/TotalAmt055893
IRS990/OtherExpensesGrp/TotalAmt128611
IRS990/OtherExpensesGrp/TotalAmt227558
IRS990/OtherExpensesGrp/TotalAmt318204
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt017373
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05575
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0122140
IRS990/OtherSalariesAndWagesGrp/TotalAmt0145088
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0392
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0126
IRS990/PayrollTaxesGrp/ProgramServicesAmt02754
IRS990/PayrollTaxesGrp/TotalAmt03272
IRS990/PensionPlanContributionsGrp/FundraisingAmt084154
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt027005
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0591641
IRS990/PensionPlanContributionsGrp/TotalAmt0702800
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021414
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011029
IRS990/PrincipalOfficerNm0EWART HODGINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611310
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0342609
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0342609
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01052801
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt022006
IRS990/PYInvestmentIncomeAmt0-1594
IRS990/PYOtherExpensesAmt0320745
IRS990/PYOtherRevenueAmt022998
IRS990/PYProgramServiceRevenueAmt0308261
IRS990/PYRevenuesLessExpensesAmt0150653
IRS990/PYSalariesCompEmpBnftPaidAmt0889062
IRS990/PYTotalExpensesAmt01231813
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01382466
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt082759
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0342609
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0156841
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0197786
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/BuildingsGrp/BookValueAmt0600000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0600000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0123824
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt011725
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0123204
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0-12345
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0156576
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt052778
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0123824
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0-85530
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt03201
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt062767
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt097010
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0156576
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt047922
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt014845
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt062767
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt041032
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt06890
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt047922
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0326750
IRS990ScheduleD/DonatedServicesUseFcltsAmt0326750
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt012455
IRS990ScheduleD/EquipmentGrp/DepreciationAmt062484
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt074939
IRS990ScheduleD/ExpensesNotReportedAmt0328693
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01293931
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0172393
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0428216
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0600609
IRS990ScheduleD/OtherExpensesIncludedAmt01943
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019998
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0129905
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0149903
IRS990ScheduleD/OtherRevenueAmt01943
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/RevenueNotReportedAmt0328693
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01376690
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, 2016, 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 the year ended June 30, 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BANQUET EXPENSES NOT NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 1,943.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3BANQUET EXPENSES NOT NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS 1,943.
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/TotalBookValueLandBuildingsAmt0804846
IRS990ScheduleD/TotalExpensesPerForm990Amt01293931
IRS990ScheduleD/TotalRevenuePerForm990Amt01376690
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01705383
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01622624
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,177,747
Liabilities
$608,405
Net assets
$569,342
Revenue
$1,376,690
Expenses
$1,293,931
Net income
$82,759
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