Civic Intelligence

California Prestige University

990 • Fiscal year 2014 • EIN 95-3608910

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 06, 2014

Organization ProfileWWW.PTSA.EDU
15605 Carmenita Rd90670

(562) 926-1023

Siviq Scores

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

Liabilities / Assets

75th percentile

0.51x

Higher debt load relative to assets than 75% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

3.30x

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

14th percentile

-15%

Higher net margin than 14% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

21st percentile

$36,300

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

21st percentile

-3.5%

Faster asset growth than 21% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

55th percentile

5.4%

Faster revenue growth than 55% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$6,194,612

Down $224,176 (-3.5%) from 2013

Net Assets

Down

$3,019,975

Down $147,107 (-4.6%) from 2013

Liabilities

Down

$3,174,637

Down $77,069 (-2.4%) from 2013

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin14th percentile

Revenue

Up

$961,027

Up $48,967 (+5.4%) from 2013

Expenses

Up

$1,108,134

Up $117,175 (+12%) from 2013

Net Income

Down

-$147,107

Down $68,208 (-86%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$10M$5.0M$0Assets 2011: $6,786,958Liabilities 2011: $3,429,559Net Assets 2011: $3,357,3992011Assets 2012: $6,619,709Liabilities 2012: $3,373,728Net Assets 2012: $3,245,9812012Assets 2013: $6,418,788Liabilities 2013: $3,251,706Net Assets 2013: $3,167,0822013Assets 2014: $6,194,612Liabilities 2014: $3,174,637Net Assets 2014: $3,019,9752014Assets 2015: $6,028,105Liabilities 2015: $3,112,299Net Assets 2015: $2,915,8062015Assets 2016: $5,983,468Liabilities 2016: $3,066,371Net Assets 2016: $2,917,0972016Assets 2017: $5,908,234Liabilities 2017: $2,988,364Net Assets 2017: $2,919,8702017Assets 2018: $5,607,889Liabilities 2018: $2,885,568Net Assets 2018: $2,722,3212018Assets 2019: $5,254,542Liabilities 2019: $2,852,374Net Assets 2019: $2,402,1682019Assets 2020: $5,674,942Liabilities 2020: $3,055,119Net Assets 2020: $2,619,8232020Assets 2021: $6,304,947Liabilities 2021: $2,936,615Net Assets 2021: $3,368,3322021Assets 2022: $7,345,023Liabilities 2022: $2,973,566Net Assets 2022: $4,371,4572022Assets 2023: $7,372,853Liabilities 2023: $2,870,025Net Assets 2023: $4,502,8282023Assets 2024: $8,708,254Liabilities 2024: $2,821,464Net Assets 2024: $5,886,7902024

Highlighted filing

2014

Assets$6,194,612
Liabilities$3,174,637
Net Assets$3,019,975
Open 2014 Filing

Operations Trend

Revenue Growth55th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $1,082,043Expenses 2011: $1,184,375Net Income 2011: -$102,3322011Expenses 2012: $986,9462012Revenue 2013: $912,060Expenses 2013: $990,959Net Income 2013: -$78,8992013Revenue 2014: $961,027Expenses 2014: $1,108,134Net Income 2014: -$147,1072014Revenue 2015: $981,084Expenses 2015: $1,085,253Net Income 2015: -$104,1692015Revenue 2016: $1,001,530Expenses 2016: $1,000,239Net Income 2016: $1,2912016Revenue 2017: $997,384Expenses 2017: $994,611Net Income 2017: $2,7732017Revenue 2018: $1,020,543Expenses 2018: $1,218,092Net Income 2018: -$197,5492018Revenue 2019: $1,150,152Expenses 2019: $1,470,305Net Income 2019: -$320,1532019Revenue 2020: $1,389,161Expenses 2020: $1,171,506Net Income 2020: $217,6552020Revenue 2021: $1,864,742Expenses 2021: $1,116,233Net Income 2021: $748,5092021Revenue 2022: $2,492,325Expenses 2022: $1,489,195Net Income 2022: $1,003,1302022Revenue 2023: $1,839,721Expenses 2023: $1,708,350Net Income 2023: $131,3712023Revenue 2024: $3,859,614Expenses 2024: $2,475,651Net Income 2024: $1,383,9632024

Highlighted filing

2014

Revenue$961,027
Expenses$1,108,134
Net Income-$147,107
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 6, 2014
Return Version
2013v3.1
Gross Receipts
$1,150,468
Mission and Program Overview

Mission

Presbyterian theological seminary in america exists to servce the korean presbyterian church abroad (kpca) and the kingdom of god by equipping students for effective service to god, his church, and the world he sends us to evangelize.

Presbyterian theological seminary in america exists to serve the korean presbyterian churchabroad (kpca) and the kingdom of god by equipping students for effective service to god, his church, and the world he sends us to evangelize.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,646,530$5,544,813▼ $101,717
Pledges and Grants Receivable$451,200$425,200▼ $26,000
Accounts Receivable$112,747$99,898▼ $12,849
Other Notes and Loans Receivable, Net$52,331$49,331▼ $3,000
Cash and Non-Interest-Bearing Accounts$137,639$48,951▼ $88,688
Prepaid Expenses and Deferred Charges$12,091$15,526▲ $3,435
Intangible Assets$4,250$8,893▲ $4,643
Total Assets$6,418,788$6,194,612▼ $224,176
Other Assets Total$2,000$2,000→ $0
Liabilities
Other Liabilities$3,221,536$3,137,002▼ $84,534
Deferred Revenue$19,609$22,565▲ $2,956
Accounts Payable and Accrued Expenses$10,561$15,070▲ $4,509
Total Liabilities$3,251,706$3,174,637▼ $77,069
Net Assets / Fund Balance
Unrestricted Net Assets$2,715,882$2,594,775▼ $121,107
Temporarily Rstr Net Assets$451,200$425,200▼ $26,000
Total Net Assets Fund Balance$3,167,082$3,019,975▼ $147,107
Total Liabilities and Net Assets / Fund Balance$6,418,788$6,194,612▼ $224,176

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,390,340$526,685$2,917,025
Land$1,920,000-$1,920,000
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lee Sang MPresidentFT$36,300$36,300

Board Members and Trustees

NameTitle
In Sik KimChairman
Park Hyoung JooVice Chairma
Chang Moon HBoard Member
Chee Yeong HwanBoard Member
Cho Won KunBoard Member
Chon Charles YBoard Member
Kang Shin PyungBoard Member
Lee Ho WooBoard Member
Lee James JBoard Member
Lim Jong HyuckBoard Member
So Jung IlBoard Member
Suh Myung SungBoard Member
Yoo Young KiBoard Member
Seong Hee LeeSecretary
Lee Jin HeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$294,145
Program Service Revenue
$688,464
Investment Income
$3,193
Other Revenue
$-24,775
All Other Contributions
$294,145
Change in Net Assets
$-147,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$624,704
Salaries, Compensation, and Employee Benefits$483,430
Total Fundraising Expense$11,630
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$351,676$97,400-$449,076
Depreciation Depletion-$154,387-$154,387
Interest-$127,909-$127,909
All Other Expenses$68,801$1,542$11,630$81,973
Insurance$36,672$9,168-$45,840
Payroll Taxes$27,144$7,210-$34,354
Advertising-$25,796-$25,796
Other Expenses$43,188$22,481-$22,481
Fees for Services Accounting-$17,127-$17,127
Office Expenses$3,913--$3,913
Travel-$3,703-$3,703
Fees for Services Legal-$1,125-$1,125
Total Functional Expenses$531,394$565,110$11,630$1,108,134
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
Bbcn Loan$3,120,000
Security Deposit Payable$15,357
Payroll Taxes Payable$1,828
Accrued Liabilities$1,317
Income Tax Payable-
Bank of America Loan$-1,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Review by president of the institution”

Form 990, Page 6, Part VI, Line 19

“Documents available upon request”

Filing and Contact Details

Filer

EIN
95-3608910
Phone
5629261023

Signing Officer

Name
Sang M Lee
Title
President
Phone
5629261023
Signed
2014-11-06
Discuss with paid preparer
Yes

Organization Details

Formed
1981
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
67

Preparer

Preparer
Stephen Y Cho
Phone
2133830972
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Presbyterian theological seminary in america exists to serve the korean presbyterian churchabroad (kpca) and the kingdom of god by equipping students for effective service to god, his church, and the world he sends us to evangelize.”

Form 990, Page 2, Part III, Line 4D

“Korean presbyterian theological seminary offers religious study program”

Raw XML AppendixShowing 400 of 422 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/OfficeExpensesGrp/ProgramServicesAmt03913
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IRS990/OtherExpensesGrp/Desc3TAXES & LICENSE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt136621
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt222481
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IRS990/OtherExpensesGrp/TotalAmt236621
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0351676
IRS990/OtherSalariesAndWagesGrp/TotalAmt0449076
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IRS990/PayrollTaxesGrp/TotalAmt034354
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1-91966
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0780430
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1-91966
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IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt040585
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IRS990/PYContributionsGrantsAmt0176098
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0568255
IRS990/PYOtherRevenueAmt0-28540
IRS990/PYProgramServiceRevenueAmt0764502
IRS990/PYRevenuesLessExpensesAmt0-78899
IRS990/PYSalariesCompEmpBnftPaidAmt0422704
IRS990/PYTotalExpensesAmt0990959
IRS990/PYTotalRevenueAmt0912060
IRS990/ReconcilationRevenueExpnssAmt0-147107
IRS990/RelatedEntityInd0false
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IRS990/RentalIncomeOrLossGrp/RealAmt0-24775
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/BuildingsGrp/BookValueAmt02390340
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0526685
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02917025
IRS990ScheduleD/LandGrp/BookValueAmt01920000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01920000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03120000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt115357
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21828
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31317
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4-1500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BBCN LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSIT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4BANK OF AMERICA LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5INCOME TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04310340
IRS990ScheduleD/TotalLiabilityAmt03137002
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESBYTERIAN THEOLOGICAL SEMINARY IN AMERICA EXISTS TO SERVE THE KOREAN PRESBYTERIAN CHURCHABROAD (KPCA) AND THE KINGDOM OF GOD BY EQUIPPING STUDENTS FOR EFFECTIVE SERVICE TO GOD, HIS CHURCH, AND THE WORLD HE SENDS US TO EVANGELIZE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KOREAN PRESBYTERIAN THEOLOGICAL SEMINARY OFFERS RELIGIOUS STUDY PROGRAM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW BY PRESIDENT OF THE INSTITUTION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0531394
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03019975
IRS990/TotalOtherProgSrvcExpenseAmt040585
IRS990/TotalProgramServiceExpensesAmt0531394
IRS990/TotalProgramServiceRevenueAmt0688464
IRS990/TotalReportableCompFromOrgAmt036300
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0691657
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0961027
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06194612
IRS990/TravelGrp/ManagementAndGeneralAmt03703
IRS990/TravelGrp/TotalAmt03703
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02715882
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02594775
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.PTSA.EDU
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SANG M LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05629261023
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-06

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,194,612
Liabilities
$3,174,637
Net assets
$3,019,975
Revenue
$961,027
Expenses
$1,108,134
Net income
-$147,107
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$8.71$2.82$5.89$3.86$2.48$1.38
2023Summary only. Only limited summary data is available for this year.$7.37$2.87$4.50$1.84$1.71$0.13
2022Summary only. Only limited summary data is available for this year.$7.35$2.97$4.37$2.49$1.49$1.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.30$2.94$3.37$1.86$1.12$0.75
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.67$3.06$2.62$1.39$1.17$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.25$2.85$2.40$1.15$1.47$0.32
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.61$2.89$2.72$1.02$1.22$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.91$2.99$2.92$1.00$0.99$0.00
2016Summary only. Only limited summary data is available for this year.$5.98$3.07$2.92$1.00$1.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$6.03$3.11$2.92$0.98$1.09$0.10
2014Detailed filing. Detailed filing data is available for this year.$6.19$3.17$3.02$0.96$1.11$0.15
2013Summary only. Only limited summary data is available for this year.$6.42$3.25$3.17$0.91$0.99$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.62$3.37$3.25$0.99
2011Summary only. Only limited summary data is available for this year.$6.79$3.43$3.36$1.08$1.18$0.10