Civic Intelligence

Seminary for the Third Millennium

990 • Fiscal year 2019 • EIN 83-1653433

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 16, 2020

316 Live Oaks BlvdCasselberry, FL 32707

(407) 830-0222

Siviq Scores

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

Liabilities / Assets

98th percentile

3.43x

Higher debt load relative to assets than 98% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

0.22x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

92nd percentile

$50,278

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 44.4% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$7,156

No earlier filing loaded for comparison.

Net Assets

-$17,367

No earlier filing loaded for comparison.

Liabilities

$24,523

No earlier filing loaded for comparison.

Revenue

$113,331

No earlier filing loaded for comparison.

Expenses

$130,698

No earlier filing loaded for comparison.

Net Income

-$17,367

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0-$50KAssets 2019: $7,156Liabilities 2019: $24,523Net Assets 2019: -$17,3672019Assets 2020: $4,516Liabilities 2020: $3,032Net Assets 2020: $1,4842020Assets 2021: $25,223Liabilities 2021: $5,062Net Assets 2021: $20,1612021Assets 2022: $58,287Liabilities 2022: $387Net Assets 2022: $57,9002022Assets 2023: $41,099Liabilities 2023: $890Net Assets 2023: $40,2092023Assets 2024: $36,094Liabilities 2024: $2,049Net Assets 2024: $34,0452024Assets 2025: $164,017Liabilities 2025: $4,734Net Assets 2025: $159,2832025

Highlighted filing

2019

Assets$7,156
Liabilities$24,523
Net Assets-$17,367

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2019: $113,331Expenses 2019: $130,698Net Income 2019: -$17,3672019Revenue 2020: $124,701Expenses 2020: $105,850Net Income 2020: $18,8512020Revenue 2021: $151,629Expenses 2021: $132,952Net Income 2021: $18,6772021Revenue 2022: $191,197Expenses 2022: $151,388Net Income 2022: $39,8092022Revenue 2023: $200,165Expenses 2023: $217,856Net Income 2023: -$17,6912023Revenue 2024: $203,326Expenses 2024: $209,490Net Income 2024: -$6,1642024Revenue 2025: $351,795Expenses 2025: $226,557Net Income 2025: $125,2382025

Highlighted filing

2019

Revenue$113,331
Expenses$130,698
Net Income-$17,367
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 16, 2020
Return Version
2018v3.1
Gross Receipts
$113,331
Mission and Program Overview

Mission

Thirdmill seminary strengthens servants of jesus christ in their ability to interpret the scriptures faithfully in their ancient contexts so they can teach them effectively in their misson contexts by providing affordable access to multilingual, globally resourced and distributed, theological education in partnership with their local pastors and mentors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$3,647-
Land, Buildings, and Equipment, Net$0$3,509▲ $3,509
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$-17,367▼ $17,367
Total Assets$0$7,156▲ $7,156
Liabilities
Other Liabilities$0$15,000▲ $15,000
Accounts Payable and Accrued Expenses-$9,523-
Total Liabilities$0$24,523▲ $24,523
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$-17,367▼ $17,367
Total Liabilities and Net Assets / Fund Balance$0$7,156▲ $7,156

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,509$464$3,973
Compensation and Service Providers

Employees

NameTitleOtherTotal
Dr Richard L Pratt JrBoard Secretary$50,278$50,278

Board Members and Trustees

NameTitle
Edward NortonBoard Chair
Dr Gregory R PerryBoard President
Hon Ashlee RoyalBoard Trasureer
Amy BishopDirector Student Services
Eve WaldenDirector Student Services
Mitchell CooperOnline Instructional Design
Revenue and Support

Revenue Composition

Contributions and Grants
$112,967
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$364
Change in Net Assets
$-17,367

Audited Revenue Reconciliation

Revenue per Audited Statements
$113,331
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$113,331
Total Revenue per Form 990
$113,331
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$96,675
Other Expenses$34,023
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$72,140-$72,140
Other Employee Benefits-$16,012-$16,012
Fees for Services Other$14,921--$14,921
Payroll Taxes-$8,523-$8,523
Other Expenses$6,000$7,408-$6,000
Occupancy-$2,967-$2,967
Fees for Services Legal-$1,423-$1,423
Fees for Services Accounting-$630-$630
Depreciation Depletion-$464-$464
Total Functional Expenses$21,131$109,567$0$130,698

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$130,698
Total Expenses per Audited Statements$130,698
Total Expenses per Form 990$130,698
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Due to Third Millennium$15,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Seminary for the third millennium ministries' policy is that its board of directors review the form 990 before it is filed with the irs. A board resolution is not required in order for the form 990 to be filed. Each director recieves the form 990 to be reviewed via email.

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

ANNUAL SURVEY

Form 990, Part VI, Section B, Line 15

Regional and nonprofit size research done by a contracted human resource consultant. Compensation based on established pay scales.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Seminary for the Third Millennium Inc
EIN
83-1653433
Phone
4078300222
Address
316 LIVE OAKS BLVD, CASSELBERRY, FL 32707

Signing Officer

Name
Gregory R Perry
Title
President
Phone
4078300222
Signed
2020-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory R Perry
Formed
2018
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Mcdirmit Davis LLC
Address
934 N MAGNOLIA AVE, ORLANDO, FL 32803
Preparer
Maria Novotny CPA
Phone
4078435406
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting: program service expenses 14,921. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,921.

Raw XML Appendix379 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEMINARY FOR THE THIRD MILLENNIUM MINISTRIES' POLICY IS THAT ITS BOARD OF DIRECTORS REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE IRS. A BOARD RESOLUTION IS NOT REQUIRED IN ORDER FOR THE FORM 990 TO BE FILED. EACH DIRECTOR RECIEVES THE FORM 990 TO BE REVIEWED VIA EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL SURVEY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REGIONAL AND NONPROFIT SIZE RESEARCH DONE BY A CONTRACTED HUMAN RESOURCE CONSULTANT. COMPENSATION BASED ON ESTABLISHED PAY SCALES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTING: PROGRAM SERVICE EXPENSES 14,921. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,921.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/TypeOfOrganizationCorpInd0X
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGORY R PERRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-16
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ReturnHeader/FilingSecurityInformation/IPDt02020-01-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm012:25:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260004117
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCDIRMIT DAVIS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0934 N MAGNOLIA AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ORLANDO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032803
ReturnHeader/PreparerPersonGrp/PhoneNum04078435406
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARIA NOVOTNY CPA
ReturnHeader/ReturnTs02020-01-27T04:43:58-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-08-07
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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