Civic Intelligence

Westminster Educational Foundation Incorporated

990 • Fiscal year 2021 • EIN 23-2565132

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

Organization ProfileN/A
Willow Grove Ave Church RoadPhiladelphia, PA 19118

(215) 887-5511

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

86th percentile

49%

Higher net margin than 86% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

91st percentile

$211,445

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 151.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

61st percentile

15%

Faster asset growth than 61% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

369%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,598,112

Up $209,449 (+15%) from 2020

Net Assets

Up

$1,598,112

Up $209,449 (+15%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin86th percentile

Revenue

Up

$139,975

Up $110,143 (+369%) from 2020

Expenses

Down

$71,308

Down $13,196 (-16%) from 2020

Net Income

Up

$68,667

Up $123,339 (+226%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,390,367Liabilities 2011: $0Net Assets 2011: $1,390,3672011Assets 2012: $1,331,087Liabilities 2012: $106Net Assets 2012: $1,330,9812012Assets 2013: $1,531,297Liabilities 2013: $224,010Net Assets 2013: $1,307,2872013Assets 2014: $1,824,955Liabilities 2014: $246,815Net Assets 2014: $1,578,1402014Assets 2015: $1,801,623Liabilities 2015: $246,526Net Assets 2015: $1,555,0972015Assets 2016: $1,733,607Liabilities 2016: $254,341Net Assets 2016: $1,479,2662016Assets 2017: $1,700,020Liabilities 2017: $224,010Net Assets 2017: $1,476,0102017Assets 2018: $1,562,231Liabilities 2018: $99,947Net Assets 2018: $1,462,2842018Assets 2019: $1,438,341Liabilities 2019: $0Net Assets 2019: $1,438,3412019Assets 2020: $1,388,663Liabilities 2020: $0Net Assets 2020: $1,388,6632020Assets 2021: $1,598,112Liabilities 2021: $0Net Assets 2021: $1,598,1122021Assets 2022: $1,405,058Liabilities 2022: $0Net Assets 2022: $1,405,0582022Assets 2023: $1,450,627Liabilities 2023: $0Net Assets 2023: $1,450,6272023Assets 2024: $1,519,744Liabilities 2024: $0Net Assets 2024: $1,519,7442024

Highlighted filing

2021

Assets$1,598,112
Liabilities$0
Net Assets$1,598,112
Open 2021 Filing

Operations Trend

Revenue Growth97th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $25,609Expenses 2011: $1,364,781Net Income 2011: -$1,339,1722011Expenses 2012: $66,8602012Revenue 2013: $28,939Expenses 2013: $66,115Net Income 2013: -$37,1762013Revenue 2014: $72,227Expenses 2014: $89,487Net Income 2014: -$17,2602014Revenue 2015: $104,573Expenses 2015: $99,497Net Income 2015: $5,0762015Revenue 2016: $25,349Expenses 2016: $120,666Net Income 2016: -$95,3172016Revenue 2017: $13,782Expenses 2017: $31,067Net Income 2017: -$17,2852017Revenue 2018: $90,524Expenses 2018: $184,641Net Income 2018: -$94,1172018Revenue 2019: $65,731Expenses 2019: $101,666Net Income 2019: -$35,9352019Revenue 2020: $29,832Expenses 2020: $84,504Net Income 2020: -$54,6722020Revenue 2021: $139,975Expenses 2021: $71,308Net Income 2021: $68,6672021Revenue 2022: $144,121Expenses 2022: $77,804Net Income 2022: $66,3172022Revenue 2023: $71,521Expenses 2023: $67,363Net Income 2023: $4,1582023Revenue 2024: $46,262Expenses 2024: $69,578Net Income 2024: -$23,3162024

Highlighted filing

2021

Revenue$139,975
Expenses$71,308
Net Income$68,667
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$1,023,707
Mission and Program Overview

Mission

To support the Westminster Theological Seminary

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,388,663$1,598,112▲ $209,449
Total Assets$1,388,663$1,598,112▲ $209,449
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,388,663$1,598,112▲ $209,449
Total Net Assets Fund Balance$1,388,663$1,598,112▲ $209,449
Total Liabilities and Net Assets / Fund Balance$1,388,663$1,598,112▲ $209,449

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$9,036,869$1,876,955▲ $1,657,368$387,060$12,184,132
2019$9,349,841$600▲ $165,823$479,395$9,036,869
2018$9,493,061$8,000▲ $421,455$503,534$9,349,841
2017$10,050,227-▲ $632,641$1,110,273$9,493,061
2016$10,003,482-▲ $732,075$627,913$10,050,227
Compensation and Service Providers
Top Officer Pay91st percentile

Board Members and Trustees

NameTitle
Peter LillbackBoard Member
Rex AndersonBoard Member
Zachary AillsBoard Member
John WhiteBoard Member (part year)
Chun LaiVP of Finance & Operations
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$139,975
Other Revenue
$0
Change in Net Assets
$68,667
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$63,488
Other Expenses$7,820
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$63,488--$63,488
Fees for Service Investment Mgmnt Fees-$7,820-$7,820
Total Functional Expenses$63,488$7,820$0$71,308
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Westminster Theological SeminaryGlenside, PA501(c)(3)Support ministry$63,488
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The Form 990 is prepared by an independent CPA firm. The Director of Finance reviews in detail and approves the 990. It is then sent to the VP of Operations for top-level review. A draft copy of the Form 990 was provided to the Audit Committee and then a final copy was provided to every member of the organization's governing body before it was filed with the IRS.”

Form 990, Part VI, Section B, line 15

“The organization does not compensate any officers or board members. Therefore, these lines were answered "no" in accordance with the instructions.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Westminster Educational Foundation
EIN
23-2565132
Phone
2158875511
Address
Willow Grove Ave Church Road, Philadelphia, PA 19118

Signing Officer

Name
Chun Lai
Title
VP of Finance and Operations
Phone
2158875511
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Lillback
Formed
1989
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Firm
Capin Crouse LLP
Address
1330 Avenue of the Americas Suite, 23A, New York, NY 10019
Preparer
Ted R Batson Jr
Phone
5055022746
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

“The Foundation's endowment is utilized to fund operations of Westminster Theological Seminary.”

Raw XML AppendixShowing 400 of 425 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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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
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IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0119951
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1140236
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt012889
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt110104
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt073656
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt115324
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt04949
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1443
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Peter Lillback
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Chun Lai
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Board Member
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP of Finance & Operations
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0211445
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1166107
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is prepared by an independent CPA firm. The Director of Finance reviews in detail and approves the 990. It is then sent to the VP of Operations for top-level review. A draft copy of the Form 990 was provided to the Audit Committee and then a final copy was provided to every member of the organization's governing body before it was filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization does not compensate any officers or board members. Therefore, these lines were answered "no" in accordance with the instructions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its governing documents and financial statements available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Westminster Theological Seminary
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0231352689
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02960 W Church Rd
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Glenside
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd019038
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01388663
IRS990/TotalAssetsEOYAmt01598112
IRS990/TotalAssetsGrp/BOYAmt01388663
IRS990/TotalAssetsGrp/EOYAmt01598112
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07820
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt063488
IRS990/TotalFunctionalExpensesGrp/TotalAmt071308
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01388663
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01598112
IRS990/TotalOtherCompensationAmt0111973
IRS990/TotalProgramServiceExpensesAmt063488
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0139975
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0139975
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01388663
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01598112
IRS990/TotReportableCompRltdOrgAmt0265579
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0Willow Grove Ave Church Road
IRS990/USAddress/CityNm0Philadelphia
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019118
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Chun Lai
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP of Finance and Operations
ReturnHeader/BusinessOfficerGrp/PhoneNum02158875511
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,598,112
Liabilities
$0
Net assets
$1,598,112
Revenue
$139,975
Expenses
$71,308
Net income
$68,667
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$0.05$0.07$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.07$0.07$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.14$0.08$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.60$0.00$1.60$0.14$0.07$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.03$0.08$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.07$0.10$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.56$0.10$1.46$0.09$0.18$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.70$0.22$1.48$0.01$0.03$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.73$0.25$1.48$0.03$0.12$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.80$0.25$1.56$0.10$0.10$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.82$0.25$1.58$0.07$0.09$0.02
2013Summary only. Only limited summary data is available for this year.$1.53$0.22$1.31$0.03$0.07$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.00$1.33$0.07
2011Summary only. Only limited summary data is available for this year.$1.39$0.00$1.39$0.03$1.36$1.34