Civic Intelligence

Logos Evangelical Seminary

990 • Fiscal year 2014 • EIN 95-4457666

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

9358 Telstar AveEl Monte, CA 91731

(626) 571-5110

Siviq Scores

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

Liabilities / Assets

58th percentile

0.27x

Higher debt load relative to assets than 58% of similar nonprofits.

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

Liabilities / Revenue

69th percentile

0.47x

Higher debt load relative to revenue than 69% of similar nonprofits.

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

Net Margin

75th percentile

15%

Higher net margin than 75% of similar nonprofits.

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

Top Officer Pay

60th percentile

$139,810

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

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

Asset Growth

94th percentile

52%

Faster asset growth than 94% of similar nonprofits.

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

Revenue Growth

74th percentile

16%

Faster revenue growth than 74% of similar nonprofits.

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

Assets

Up

$8,871,235

Up $3,036,486 (+52%) from 2013

Net Assets

Up

$6,445,095

Up $793,037 (+14%) from 2013

Liabilities

Up

$2,426,140

Up $2,243,449 (+1228%) from 2013

Revenue

Up

$5,147,547

Up $717,086 (+16%) from 2013

Expenses

Up

$4,354,510

Up $860,843 (+25%) from 2013

Net Income

Down

$793,037

Down $143,757 (-15%) from 2013

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $4,389,221Liabilities 2011: $210,511Net Assets 2011: $4,178,7102011Assets 2012: $5,085,316Liabilities 2012: $370,052Net Assets 2012: $4,715,2642012Assets 2013: $5,834,749Liabilities 2013: $182,691Net Assets 2013: $5,652,0582013Assets 2014: $8,871,235Liabilities 2014: $2,426,140Net Assets 2014: $6,445,0952014Assets 2015: $8,906,307Liabilities 2015: $1,467,322Net Assets 2015: $7,438,9852015Assets 2016: $12,470,353Liabilities 2016: $3,686,788Net Assets 2016: $8,783,5652016Assets 2017: $15,939,410Liabilities 2017: $134,836Net Assets 2017: $15,804,5742017Assets 2018: $16,241,487Liabilities 2018: $157,525Net Assets 2018: $16,083,9622018Assets 2019: $18,596,998Liabilities 2019: $334,955Net Assets 2019: $18,262,0432019Assets 2020: $22,646,820Liabilities 2020: $848,050Net Assets 2020: $21,798,7702020Assets 2021: $24,241,884Liabilities 2021: $492,904Net Assets 2021: $23,748,9802021Assets 2022: $24,941,885Liabilities 2022: $818,280Net Assets 2022: $24,123,6052022Assets 2023: $35,605,074Liabilities 2023: $9,613,790Net Assets 2023: $25,991,2842023Assets 2024: $42,417,676Liabilities 2024: $14,966,338Net Assets 2024: $27,451,3382024

Highlighted filing

2014

Assets$8,871,235
Liabilities$2,426,140
Net Assets$6,445,095

Operations Trend

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

$15M$10M$5.0M$0Revenue 2011: $3,316,297Expenses 2011: $3,283,916Net Income 2011: $32,3812011Revenue 2012: $3,858,062Expenses 2012: $3,321,508Net Income 2012: $536,5542012Revenue 2013: $4,430,461Expenses 2013: $3,493,667Net Income 2013: $936,7942013Revenue 2014: $5,147,547Expenses 2014: $4,354,510Net Income 2014: $793,0372014Revenue 2015: $5,362,442Expenses 2015: $4,368,552Net Income 2015: $993,8902015Revenue 2016: $5,912,552Expenses 2016: $4,567,972Net Income 2016: $1,344,5802016Revenue 2017: $11,670,682Expenses 2017: $4,649,673Net Income 2017: $7,021,0092017Revenue 2018: $5,082,976Expenses 2018: $4,803,588Net Income 2018: $279,3882018Revenue 2019: $7,231,134Expenses 2019: $5,053,053Net Income 2019: $2,178,0812019Revenue 2020: $8,567,064Expenses 2020: $5,030,337Net Income 2020: $3,536,7272020Revenue 2021: $7,684,806Expenses 2021: $5,734,596Net Income 2021: $1,950,2102021Revenue 2022: $5,447,850Expenses 2022: $5,073,225Net Income 2022: $374,6252022Revenue 2023: $6,733,680Expenses 2023: $4,866,001Net Income 2023: $1,867,6792023Revenue 2024: $6,885,343Expenses 2024: $5,425,289Net Income 2024: $1,460,0542024

Highlighted filing

2014

Revenue$5,147,547
Expenses$4,354,510
Net Income$793,037
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$5,147,547
Mission and Program Overview

Mission

Logos Evangelical Seminary equips servant-leaders in the four core areas of spiritual formation, academic excellence, ministerial competence and godly living; to serve Christ's Church and to proclaim the gospel to the world effectively.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,605,619$5,796,777▲ $2,191,158
Cash and Non-Interest-Bearing Accounts$1,794,487$2,522,742▲ $728,255
Pledges and Grants Receivable$264,117$246,229▼ $17,888
Prepaid Expenses and Deferred Charges$170,526$42,579▼ $127,947
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,834,749$8,871,235▲ $3,036,486
Other Assets Total-$262,908-
Liabilities
Mortgage Notes Payable Secured by Investment Property$49,841$2,206,652▲ $2,156,811
Accounts Payable and Accrued Expenses$127,811$151,865▲ $24,054
Deferred Revenue$5,038$67,623▲ $62,585
Other Liabilities$1--
Total Liabilities$182,691$2,426,140▲ $2,243,449
Net Assets / Fund Balance
Unrestricted Net Assets$5,652,058$6,445,095▲ $793,037
Total Net Assets Fund Balance$5,652,058$6,445,095▲ $793,037
Total Liabilities and Net Assets / Fund Balance$5,834,749$8,871,235▲ $3,036,486

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,313,566$1,155,785$3,469,351
Land$3,034,942-$3,034,942
Other Land Buildings$91,113$372,254$463,367
Equipment$89,000$326,722$415,722
Leasehold Improvements$268,156$141,651$409,807
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Felix LiuPresidentFT$139,810$139,810
Kuo Liang LinPresident-ElectFT$80,645$80,645
Ekron ChenAcademic Dean & Associate ProfFT$76,103$76,103
Syi-An WuDirector of Finance & Admin.FT$72,000$72,000
Kum Cheun NgaiDean of StudentsFT$61,620$61,620
Sonny GanDirector of Business AffairsPT$33,971$33,971

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$3,418,151
Program Service Revenue
$1,023,558
Investment Income
$2,302
Other Revenue
$703,536
All Other Contributions
$3,418,151
Change in Net Assets
$793,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,894,288
Salaries, Compensation, and Employee Benefits$460,222
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$106,122$354,100-$460,222
All Other Expenses$356,303$63,353-$419,656
Other Expenses$191,630--$191,630
Depreciation Depletion$17,919$116,710-$134,629
Insurance$10,496$39,410-$49,906
Office Expenses$19,979--$19,979
Fees for Services Accounting-$15,669-$15,669
Travel-$4,092-$4,092
Total Functional Expenses$3,761,176$593,334$0$4,354,510
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
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, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The compensation of the organization's CEO is reviewed and approved by the board of directors. The compensation of the key employees is reviewed and approved by his/her immediately supervisor.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Logos Evangelical Seminary
EIN
95-4457666
Phone
6265715110
Address
9358 Telstar Ave, El Monte, CA 91731

Signing Officer

Name
Syi-An Wu
Title
Dir., Finance & Adm.
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
CA
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
C Jim Chen Accountancy Corp
Address
19191 S Vermont Avenue 850, Torrance, CA 90502
Preparer
C Jim Chen
Phone
3105155635
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02958784
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt07896
IRS990/PYInvestmentIncomeAmt0-13
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03137300
IRS990/PYOtherRevenueAmt0533819
IRS990/PYProgramServiceRevenueAmt0937871
IRS990/PYRevenuesLessExpensesAmt0936794
IRS990/PYSalariesCompEmpBnftPaidAmt0348471
IRS990/PYTotalExpensesAmt03493667
IRS990/PYTotalRevenueAmt04430461
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0793037
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04441709
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02313566
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01155785
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03469351
IRS990ScheduleD/EquipmentGrp/BookValueAmt089000
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0326722
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0415722
IRS990ScheduleD/LandGrp/BookValueAmt03034942
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03034942
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0268156
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0141651
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0409807
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt091113
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0372254
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0463367
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05796777
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The compensation of the organization's CEO is reviewed and approved by the board of directors. The compensation of the key employees is reviewed and approved by his/her immediately supervisor.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05834749
IRS990/TotalAssetsEOYAmt08871235
IRS990/TotalAssetsGrp/BOYAmt05834749
IRS990/TotalAssetsGrp/EOYAmt08871235
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03418151
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0593334
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03761176
IRS990/TotalFunctionalExpensesGrp/TotalAmt04354510
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0182691
IRS990/TotalLiabilitiesEOYAmt02426140
IRS990/TotalLiabilitiesGrp/BOYAmt0182691
IRS990/TotalLiabilitiesGrp/EOYAmt02426140
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05652058
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06445095
IRS990/TotalProgramServiceExpensesAmt03761176
IRS990/TotalProgramServiceRevenueAmt01023558
IRS990/TotalReportableCompFromOrgAmt0464149
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01729396
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05147547
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05834749
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08871235
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt04092
IRS990/TravelGrp/TotalAmt04092
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05652058
IRS990/UnrestrictedNetAssetsGrp/EOYAmt06445095
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Syi-An Wu
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Dir., Finance & Adm.
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Logos Evangelical Seminary
ReturnHeader/Filer/BusinessNameControlTxt0LOGO
ReturnHeader/Filer/EIN0954457666
ReturnHeader/Filer/PhoneNum06265715110
ReturnHeader/Filer/USAddress/AddressLine1Txt09358 Telstar Ave
ReturnHeader/Filer/USAddress/CityNm0El Monte
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091731
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0C Jim Chen Accountancy Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt019191 S Vermont Avenue 850
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Torrance

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.4$15.0$27.5$6.89$5.43$1.46
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.6$9.61$26.0$6.73$4.87$1.87
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.9$0.82$24.1$5.45$5.07$0.37
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.2$0.49$23.7$7.68$5.73$1.95
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.6$0.85$21.8$8.57$5.03$3.54
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.6$0.33$18.3$7.23$5.05$2.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$0.16$16.1$5.08$4.80$0.28
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.9$0.13$15.8$11.7$4.65$7.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.5$3.69$8.78$5.91$4.57$1.34
2015Detailed filing. Detailed filing data is available for this year.$8.91$1.47$7.44$5.36$4.37$0.99
2014Detailed filing. Detailed filing data is available for this year.$8.87$2.43$6.45$5.15$4.35$0.79
2013Summary only. Only limited summary data is available for this year.$5.83$0.18$5.65$4.43$3.49$0.94
2012Summary only. Only limited summary data is available for this year.$5.09$0.37$4.72$3.86$3.32$0.54
2011Summary only. Only limited summary data is available for this year.$4.39$0.21$4.18$3.32$3.28$0.03