Civic Intelligence

Grace School of Theology

EIN 76-0690847 • 501(c)3 • The Woodlands, TX

Profile

Grace School of Theology is an evangelical Christian institution of higher learning and has as its purpose the offering of programs of study in an environment where academic excellence is emphasized and a biblically based perspective is maintained. Grace is committed to enriching its students spiritually, intellectually, and professionally, and to preparing students to serve God in a global and culturally diverse society.

3705 College Park Dr Ste 140The Woodlands, TX 77384-4894

www.gsot.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.45x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.14x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

39th percentile

0.5%

Higher net margin than 39% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

84th percentile

$262,804

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

7th percentile

-19%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

8.9%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,439,036

Up $477,010 (+24%) from 2022

Liabilities

Up

$1,391,389

Up $423,156 (+44%) from 2022

Net Assets

Up

$1,047,647

Up $53,854 (+5.4%) from 2022

Revenue

Down

$6,018,542

Down $148,930 (-2.4%) from 2022

Expenses

Down

$5,964,688

Down $132,415 (-2.2%) from 2022

Net Income

Down

$53,854

Down $16,515 (-23%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $650,875Liabilities 2010: $6,022Net Assets 2010: $644,8532010Assets 2011: $818,912Liabilities 2011: $25,785Net Assets 2011: $793,1272011Assets 2012: $1,456,803Liabilities 2012: $30,809Net Assets 2012: $1,425,9942012Assets 2013: $2,154,638Liabilities 2013: $47,634Net Assets 2013: $2,107,0042013Assets 2014: $3,446,448Liabilities 2014: $86,070Net Assets 2014: $3,360,3782014Assets 2015: $859,728Liabilities 2015: $89,112Net Assets 2015: $770,6162015Assets 2016: $756,246Liabilities 2016: $120,642Net Assets 2016: $635,6042016Assets 2017: $634,540Liabilities 2017: $138,054Net Assets 2017: $496,4862017Assets 2018: $924,121Liabilities 2018: $242,518Net Assets 2018: $681,6032018Assets 2019: $979,777Liabilities 2019: $282,008Net Assets 2019: $697,7692019Assets 2020: $1,626,106Liabilities 2020: $811,614Net Assets 2020: $814,4922020Assets 2021: $1,343,724Liabilities 2021: $420,300Net Assets 2021: $923,4242021Assets 2022: $1,962,026Liabilities 2022: $968,233Net Assets 2022: $993,7932022Assets 2023: $2,439,036Liabilities 2023: $1,391,389Net Assets 2023: $1,047,6472023

Highlighted filing

2023

Assets$2,439,036
Liabilities$1,391,389
Net Assets$1,047,647

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $1,072,2752010Expenses 2011: $1,645,0112011Expenses 2012: $1,814,8242012Expenses 2013: $2,274,2212013Revenue 2014: $4,176,148Expenses 2014: $3,086,563Net Income 2014: $1,089,5852014Revenue 2015: $3,689,137Expenses 2015: $6,216,325Net Income 2015: -$2,527,1882015Revenue 2016: $4,013,884Expenses 2016: $4,148,896Net Income 2016: -$135,0122016Revenue 2017: $3,895,817Expenses 2017: $4,034,935Net Income 2017: -$139,1182017Revenue 2018: $4,613,826Expenses 2018: $4,428,709Net Income 2018: $185,1172018Revenue 2019: $6,808,728Expenses 2019: $6,761,533Net Income 2019: $47,1952019Revenue 2020: $6,649,833Expenses 2020: $6,533,110Net Income 2020: $116,7232020Revenue 2021: $6,038,036Expenses 2021: $5,929,104Net Income 2021: $108,9322021Revenue 2022: $6,167,472Expenses 2022: $6,097,103Net Income 2022: $70,3692022Revenue 2023: $6,018,542Expenses 2023: $5,964,688Net Income 2023: $53,8542023

Highlighted filing

2023

Revenue$6,018,542
Expenses$5,964,688
Net Income$53,854

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.44$1.39$1.05$6.02$5.96$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.97$0.99$6.17$6.10$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.42$0.92$6.04$5.93$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$0.81$0.81$6.65$6.53$0.12
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.28$0.70$6.81$6.76$0.05
2018Summary only. Only limited summary data is available for this year.$0.92$0.24$0.68$4.61$4.43$0.19
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.14$0.50$3.90$4.03$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.12$0.64$4.01$4.15$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.86$0.09$0.77$3.69$6.22$2.53
2014Detailed filing. Detailed filing data is available for this year.$3.45$0.09$3.36$4.18$3.09$1.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.05$2.11$2.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.03$1.43$1.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.03$0.79$1.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.01$0.64$1.07
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 15, 2023
Return Version
2021v4.0
Gross Receipts
$6,167,472
Mission and Program Overview

Mission

To develop spiritual leaders in every nation who can teach others about the love of christ, a love that cannot be earned and cannot be lost.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$508,406$560,529▲ $52,123
Pledges and Grants Receivable$350,000$300,000▼ $50,000
Land, Buildings, and Equipment, Net$108,208$215,895▲ $107,687
Accounts Receivable$213,031$67,415▼ $145,616
Total Assets$1,343,724$1,962,026▲ $618,302
Other Assets Total$164,079$818,187▲ $654,108
Liabilities
Other Liabilities-$687,210-
Unsecured Notes Loans Payable$194,370$194,977▲ $607
Deferred Revenue$197,191$51,067▼ $146,124
Accounts Payable and Accrued Expenses$28,739$34,979▲ $6,240
Total Liabilities$420,300$968,233▲ $547,933
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$923,424$993,793▲ $70,369
Total Net Assets Fund Balance$923,424$993,793▲ $70,369
Total Liabilities and Net Assets / Fund Balance$1,343,724$1,962,026▲ $618,302

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$58,252$555,886$614,138
Other Land Buildings$151,638$35,366$187,004
Leasehold Improvements$6,005$118,399$124,404
Other Assets Org$537--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dave AndersonTrustee/presFT$169,025$89,837$258,862
Dave AndersonTrustee/president-$169,025$89,837$258,862
Fred ChayManagerFT$106,992$26,000$132,992
Daniel LabryVP-adv & OpeFT$107,657$3,900$111,557

Board Members and Trustees

NameTitle
Glenn DarbyChairman/tru
Mark AlbersVice Chair/t
David NicholsTrustee
Dian SustekTrustee
Robert TebowTrustee
Scott McewenTrustee
Tim DunnTrustee
Tracy MarshallTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$3,572,560
Program Service Revenue
$2,585,600
Investment Income
$-295
Other Revenue
$9,607
All Other Contributions
$3,572,560
Change in Net Assets
$70,369

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,406,090
Revenue Not Reported on Financial Statements
$1,761,382
Other Revenue Adjustments
$1,761,382
Total Revenue per Audited Statements
$4,406,090
Total Revenue per Form 990
$6,167,472
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,749,299
Grants and Similar Amounts Paid$2,251,577
Other Expenses$1,096,227
Total Fundraising Expense$305,576
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,461,076$318,074$195,144$1,974,294
Grants to Domestic Individuals$1,761,382--$1,761,382
Foreign Grants$490,195--$490,195
Payroll Taxes$299,414$65,182$39,990$404,586
Information Technology$280,046$73,808$20,505$374,359
Current Officers, Directors, Trustees, and Key Employees$274,128$59,678$36,613$370,419
Occupancy$325,289$8,492$2,358$336,139
Other Expenses$101,053$26,633$7,399$135,085
Fees for Services Other$70,844$5,806$1,656$78,306
Travel$69,748$1,821$505$72,074
Depreciation Depletion$33,911$12,307-$46,218
Advertising$4,797$18,313$1,101$24,211
Insurance$11,279--$11,279
Office Expenses$8,385$1,099$305$9,789
Conferences and Meetings$6,432$2,335-$8,767
Total Functional Expenses$5,197,979$593,548$305,576$6,097,103

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,097,103
Expenses per Audited Statements$4,335,721
Total Expenses per Audited Statements$4,335,721
Expenses Not Reported on Financial Statements$1,761,382
Other Expense Adjustments$1,761,382
International Activity

International Summary

Offices
1
Employees
1
Spending
$490,195

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
AsiaMinistryGrants11$490,195
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Grant Revenue$687,210
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The seminary employs a cpeo as the employer for all employees. Amounts on form 990, part ix, line 11a represent compensation to management officials. Grace asia, inc. Has administrative duties.

Form 990, Page 6, Part VI, Line 11B

Form 990 is prepared by an outside cpa firm and is reviewed by management prior to filing.

Form 990, Page 6, Part VI, Line 12C

Annual disclosure of conflict of interest is completed by each board member and officer. The organization's policy is a duty to disclose agreement to the board of directors before any transaction is proposed. All directors and officers must review their outside business or professional interests. Interests are reviewed by the board of directors to determine if such conflicts exist. If any financial interest regarding compensation is found from member, that member is precluded from voting on matters pertaining to that member's compensation.

Form 990, Page 6, Part VI, Line 15B

Benchmarking was provided by accreditors tracs and the association of theological schools. The process included board approval with the action recorded in board minutes.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Grace School of Theology
EIN
76-0690847
Phone
8774768674
Address
3705 COLLEGE PARK DR STE 140, THE WOODLANDS, TX 77384-4894

Signing Officer

Name
Daniel Labry
Title
VP-adv & Operations
Phone
8774768674
Signed
2023-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dave Anderson
Formed
2001
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
8
Employees
74
Volunteers
44

Preparer

Firm
David C Moja CPA
Address
PO BOX 531, REIDSVILLE, GA 30453
Preparer
Dave Moja
Phone
3212589907
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 4B

PHILIPPINES

Form 990, Part XI, Line 9

Scholarships -1,761,382 scholarships 1,761,382

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

SCHOLARSHIPS 1,761,382

Schedule D, Page 4, Part XII, Line 4B

SCHOLARSHIPS 1,761,382

Raw XML AppendixShowing 400 of 531 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/OtherAssetsOrgGrp/Desc2SECURITY DEPOSIT
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01761382
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IRS990ScheduleF/SubtotalEmployeesCnt01
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