Civic Intelligence

Redemption Seminary Inc.

990 • Fiscal year 2020 • EIN 83-2816458

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileREDEMPTIONSEMINARY.ORG
398 S Arizona AveChandler, AZ 85225

(509) 432-4355

Siviq Scores

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

Liabilities / Assets

91st percentile

0.75x

Higher debt load relative to assets than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

0.99x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

82nd percentile

36%

Higher net margin than 82% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

87th percentile

90%

Faster asset growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

215%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$499,473

Up $236,676 (+90%) from 2019

Net Assets

Up

$125,901

Up $137,529 (+1183%) from 2019

Liabilities

Up

$373,572

Up $99,147 (+36%) from 2019

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin82nd percentile

Revenue

Up

$378,224

Up $258,117 (+215%) from 2019

Expenses

Up

$240,695

Up $108,960 (+83%) from 2019

Net Income

Up

$137,529

Up $149,157 (+1283%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$600K$400K$200K$0-$200KAssets 2019: $262,797Liabilities 2019: $274,425Net Assets 2019: -$11,6282019Assets 2020: $499,473Liabilities 2020: $373,572Net Assets 2020: $125,9012020Assets 2021: $518,615Liabilities 2021: $341,756Net Assets 2021: $176,8592021Assets 2022: $330,529Liabilities 2022: $288,614Net Assets 2022: $41,9152022Assets 2023: $385,087Liabilities 2023: $256,063Net Assets 2023: $129,0242023Assets 2024: $598,886Liabilities 2024: $104,747Net Assets 2024: $494,1392024

Highlighted filing

2020

Assets$499,473
Liabilities$373,572
Net Assets$125,901
Open 2020 Filing

Operations Trend

Revenue Growth97th percentile

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

$1.0M$500K$0-$500KRevenue 2019: $120,107Expenses 2019: $131,735Net Income 2019: -$11,6282019Revenue 2020: $378,224Expenses 2020: $240,695Net Income 2020: $137,5292020Revenue 2021: $391,199Expenses 2021: $340,241Net Income 2021: $50,9582021Revenue 2022: $314,585Expenses 2022: $449,529Net Income 2022: -$134,9442022Revenue 2023: $606,733Expenses 2023: $519,624Net Income 2023: $87,1092023Revenue 2024: $680,404Expenses 2024: $485,106Net Income 2024: $195,2982024

Highlighted filing

2020

Revenue$378,224
Expenses$240,695
Net Income$137,529
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$378,224
Mission and Program Overview

Mission

Redemption seminary helps adult christians grow in the grace and knowledge of our lord and savior jesus christ through quality distance education which enables learning within their ministry setting.

Champion the reclamation of theological education by serving christians with relational, relevant, well-resourced, and responsible education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$50$284,897▲ $284,847
Intangible Assets$262,747$214,576▼ $48,171
Total Assets$262,797$499,473▲ $236,676
Liabilities
Other Liabilities$264,425$267,206▲ $2,781
Deferred Revenue-$101,226-
Accounts Payable and Accrued Expenses$10,000$5,140▼ $4,860
Total Liabilities$274,425$373,572▲ $99,147
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-11,628$125,901▲ $137,529
Total Net Assets Fund Balance$-11,628$125,901▲ $137,529
Total Liabilities and Net Assets / Fund Balance$262,797$499,473▲ $236,676
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
John SchwandtPresident
Bill NienhuisDirector
Bob KerrDirector
Chad BarrettDirector
Dale PritchettDirector
Robert BrooksDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$287,281
Program Service Revenue
$90,943
Investment Income
$0
Other Revenue
$0
All Other Contributions
$287,281
Change in Net Assets
$137,529

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Intellectual Property1$70,781
Total Noncash Contributions1$70,781

Audited Revenue Reconciliation

Revenue per Audited Statements
$378,224
Total Revenue per Audited Statements
$378,224
Total Revenue per Form 990
$378,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$157,946
Salaries, Compensation, and Employee Benefits$82,749
Total Fundraising Expense$4,229
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$57,951$10,866$3,621$72,438
Depreciation Depletion$48,171--$48,171
Interest$7,974--$7,974
Payroll Taxes$4,759$892$298$5,949
Other Expenses$22,971$4,442-$4,442
Other Employee Benefits$3,490$654$218$4,362
Office Expenses$737$430$61$1,228
Travel$377$220$31$628
Advertising-$594-$594
Total Functional Expenses$146,430$90,036$4,229$240,695

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$240,695
Total Expenses per Audited Statements$240,695
Total Expenses per Form 990$240,695
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-DonorInterest on LoanNo$7,974
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Academic Software License Payable$260,618
Accrued Liabilities$6,588
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

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

“Board members sign an annual statement about not having conflicts and must disclose any conflicts. For any conflicts the applicable board members are not permitted to vote or influence the issues.”

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

“Executive compensation determined by the board.”

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

“All compensation to officers and employees is determined and approved by the board”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Redemption Seminary Inc
EIN
83-2816458
Phone
5094324355
Address
398 S ARIZONA AVE, CHANDLER, AZ 85225

Signing Officer

Name
John Schwandt
Title
President
Phone
5094324355
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Schwandt
Formed
2018
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
5
Employees
1

Preparer

Firm
Ronald Blue & Co Cpas and Conslts Llp
Address
350 W WASHINGTON ST STE 226, TEMPE, AZ 85281
Preparer
Michael L Mclaren CPA
Phone
4802147476
Supplemental Narrative

Financial Statement Notes

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

“Book / tax depreciation difference 48,171”

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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THIS IS PART OF THE STUDENT HANDBOOK WHICH STUDENTS MUST AFFIRM AS A PART OF THEIR APPLICATION
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1REDEMPTION SEMINARY DOES NOT HAVE A SCHOLARSHIP OR FINANCIAL ASSISTANCE PROGRAM
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE COMPENSATION DETERMINED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL COMPENSATION TO OFFICERS AND EMPLOYEES IS DETERMINED AND APPROVED BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0262797
IRS990/TotalAssetsEOYAmt0499473
IRS990/TotalAssetsGrp/BOYAmt0262797
IRS990/TotalAssetsGrp/EOYAmt0499473
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0287281
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04229
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt090036
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0146430
IRS990/TotalFunctionalExpensesGrp/TotalAmt0240695
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0274425
IRS990/TotalLiabilitiesEOYAmt0373572
IRS990/TotalLiabilitiesGrp/BOYAmt0274425
IRS990/TotalLiabilitiesGrp/EOYAmt0373572
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-11628
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0125901
IRS990/TotalProgramServiceExpensesAmt0146430
IRS990/TotalProgramServiceRevenueAmt090943
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt090943
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0378224
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0262797
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0499473
IRS990/TravelGrp/FundraisingAmt031
IRS990/TravelGrp/ManagementAndGeneralAmt0220
IRS990/TravelGrp/ProgramServicesAmt0377
IRS990/TravelGrp/TotalAmt0628
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0398 S ARIZONA AVE
IRS990/USAddress/CityNm0CHANDLER
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085225
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0REDEMPTIONSEMINARY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN SCHWANDT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05094324355
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REDEMPTION SEMINARY INC
ReturnHeader/Filer/BusinessNameControlTxt0REDE
ReturnHeader/Filer/EIN0832816458
ReturnHeader/Filer/PhoneNum05094324355
ReturnHeader/Filer/USAddress/AddressLine1Txt0398 S ARIZONA AVE
ReturnHeader/Filer/USAddress/CityNm0CHANDLER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085225
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464148474
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RONALD BLUE & CO CPAS AND CONSLTS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0350 W WASHINGTON ST STE 226
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TEMPE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd085281
ReturnHeader/PreparerPersonGrp/PhoneNum04802147476
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL L MCLAREN CPA
ReturnHeader/ReturnTs02021-11-15T15:04:49-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SCHWANDT
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$499,473
Liabilities
$373,572
Net assets
$125,901
Revenue
$378,224
Expenses
$240,695
Net income
$137,529
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.99$1.05$4.94$6.80$4.85$1.95
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$2.56$1.29$6.07$5.20$0.87
2022Detailed filing. Detailed filing data is available for this year.$3.31$2.89$0.42$3.15$4.50$1.35
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.19$3.42$1.77$3.91$3.40$0.51
2020Detailed filing. Detailed filing data is available for this year.$4.99$3.74$1.26$3.78$2.41$1.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.63$2.74$0.12$1.20$1.32$0.12