Bangor Theological Seminary
- Assets
- $19.3m
- Revenue
- -$467.0k
- Investments
- $14.8m
- Employees
- 3
- Location
- Portland, ME
- Founding
- 06/2015
- Data as of
- 06/2023
- EIN
- 01-0211484
Organization Overview
Bangor Theological Seminary, operating under the name The BTS Center, is located in Portland, ME. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2023, BTS Center employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. BTS Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, BTS Center has awarded 30 individual grants totaling $230,678. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITY ONE: LEADERSHIP FORMATIONSEE STATEMENT 20 SUMMARY OF DIRECT CHARITABLE ACTIVITIES.
ACTIVITY TWO: APPLIED RESEARCHSEE STATEMENT 20 SUMMARY OF DIRECT CHARITABLE ACTIVITIES.
ACTIVITY THREE: PUBLIC CONVERSATIONS AND PUBLIC RITUALSEE STATEMENT 20 SUMMARY OF DIRECT CHARITABLE ACTIVITIES.
ACTIVITY FOUR: CONVOCATIONSEE STATEMENT 20 SUMMARY OF DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Allen Ewing Merrill Executive Director | 40 | $118,948 | |
Rev Alex Shea Will Chair | 1 | $0 | |
Debra L Coyman Treasurer | 1 | $0 | |
Rev Dr Paul Shupe Secretary | 1 | $0 | |
Rev June Cooper Trustee | 1 | $0 | |
Rev John Edgerton Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $46,593 |
| Interest on Savings | $0 |
| Dividends & Interest | $372,091 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,017,088 |
| Capital Gain Net Income | $368,730 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $131,383 |
| Total Revenue | -$467,021 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $144,891 |
| Other employee salaries and wages | $253,847 |
| Pension plans, employee benefits | $62,277 |
| Interest | $0 |
| Taxes | $13,418 |
| Depreciation | $734 |
| Occupancy | $96,270 |
| Travel, conferences, and meetings | $20,382 |
| Printing and publications | $0 |
| Other expenses | $96,338 |
| Total operating and administrative expenses | $921,017 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $921,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,060 |
| Savings and temporary cash investments | $1,269,784 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $1,709 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,594 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,816 |
| Other assets | $3,118,455 |
| Total assets | $19,264,884 |
| Accounts payable and accrued expenses | $5,072 |
| Grants payable | $0 |
| Deferred revenue | $6,056 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $241,147 |
| Total liabilities | $252,275 |
Grants Awarded
Over the last fiscal year, Bangor Theological Seminary has awarded $3,200 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BANGOR HIGH SCHOOL PURPOSE: DONATION MADE FOR ANTI-RACISM WORK IN HONOR OF A READER AT MLK DAY EVENT | $100 |
EQUAL JUSTICE INITIATIVE PURPOSE: DONATION GIVEN TO ANTI-RACIST ORGANIZATIONS IN HONOR OF THE READERS FOR THE MLK DAY EVENT | $100 |
BOSTON UNIVERSITY CENTER FOR ANTIRACIST RESEARCH PURPOSE: DONATION GIVEN TO ANTI-RACIST ORGANIZATIONS IN HONOR OF THE READERS FOR THE MLK DAY EVENT | $100 |
FAITH IN PUBLIC LIFE PURPOSE: DONATION GIVEN TO ANTI-RACIST ORGANIZATION IN HONOR OF A READER FOR MLK DAY EVENT | $100 |
MAINE INSIDE OUT PURPOSE: DONATION GIVEN TO ANTI-RACIST ORGANIZATIONS IN HONOR OF THE READERS FOR THE MLK DAY EVENT | $100 |
MAINE PRISONER ADVOCACY COALITION PURPOSE: DONATION GIVEN TO ANTI-RACIST ORGANIZATION IN HONOR OF 2 READERS FOR MLK DAY EVENT | $200 |