Boston Theological Institute
- Assets
- $214.3k
- Revenue
- $331.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 10/1968
- Data as of
- 06/2022
- EIN
- 04-2430287
Organization Overview
Boston Theological Institute is located in Cambridge, MA. The organization was established in 1968. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Theological Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Boston Theological Institute generated $331.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $242.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BOSTON THEOLOGICAL INTERRELIGIOUS CONSORTIUM IS A CONSORTIUM OF MAJOR THEOLOGICAL SCHOOLS IN THE BOSTON AREA. THROUGH THE CONSORTIUM, THEOLOGY STUDENTS CAN CROSS-REGISTER FOR COURSES AND SHARE THE LIBRARY RESOURCES OF ALL MEMBER INSTITUTIONS. THE INSTITUTE ALSO CONDUCTS WORKSHOPS AND PRODUCE LITERATURE THAT PROMOTES ECUMENCIAL EDUCATION, COMMUNICATION, AND UNDERSTANDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY - THE LIBRARY EXPENSES REPRESENTS THE PURCHASE OF DIGITAL DATABASE SUBSCRIPTION THROUGH EBSCO LIBRARY SERVICES. THIS COMMON PURCHASING ALLOWS CONSIDERABLE SAVINGS FOR THE INDIVIDUAL LIBRARIES. THESE SERVICES AVAILABLE TO STUDENTS, FACULTY AND OTHER LIBRARY.ALL RECEIPTS RECEIVED FROM MEMBERS ARE PAID DIRECTLY TO EBSCO BY THE ORGANIZATION. THE ORGANIZATION IS AN AGENT FOR THESE FEES AND DOES NOT RECEIVE ANY REVENUE FROM THESE TRANSACTIONS, ALTHOUGH TO FACILITATE UNDERSTANDING, THE EXPENDITURES ARE SHOWN ABOVE AS OFFSETTING REVENUE AND EXPENSE.
INTERSCHOOL SERVICES - EXCHANGE PROGRAM AMONG TEN THEOLOGICAL SCHOOLS IN THE GREATER BOSTON AREA FOR CLOSE TO HALF A CENTURY, BTI HAS FOSTERED INTERDENOMINATIONAL AND INTERFAITH EXCHANGE AND HAS UNITED ITS MEMBER SCHOOLS IN THE SHARING OF ACADEMIC COURSES, LIBRARY, FACILITIES, PROGRAMS AND DIALOGUE
OTHER PROGRAM SERVICE EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann B Mcclenahan Executive Dir. | Officer | 40 | $0 |
Dudley Rose Vice Chair | Trustee | 1 | $0 |
Stephen Salocks Director | Trustee | 1 | $0 |
Mary Elizabeth Moore Chair | Trustee | 1 | $0 |
Richard Gaillardetz Director | Trustee | 1 | $0 |
Joel Lohr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $219,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,397 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $331,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,625 |
| Compensation of current officers, directors, key employees. | $33,813 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,254 |
| Pension plan accruals and contributions | $4,057 |
| Other employee benefits | $2,472 |
| Payroll taxes | $8,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,957 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $294 |
| Total functional expenses | $242,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $214,295 |
| Accounts payable and accrued expenses | $27,251 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2 |
| Total liabilities | $27,253 |
| Net assets without donor restrictions | $187,042 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $214,295 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Boston Theological Institute has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Health Resources In Action Inc Boston, MA PURPOSE: MA COALITION FOR SERIOUS ILLNESS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Mosdot Goor Inc Brooklyn, NY | $1,038,299 | $11,536,535 |
Northpoint Bible College Haverhill, MA | $18,526,528 | $5,450,539 |
American Council Of Rel & Vocatnl Sch Sys Of Beth Jacob Of Jer Inc Brooklyn, NY | $1,601,557 | $4,913,878 |
Association For Jewish Studies Inc New York, NY | $2,749,945 | $1,295,514 |
American Friends Of The Rabbinical College Kol Torah Inc Monsey, NY | $53,047 | $754,208 |
Hadar Hatorah Inc Brooklyn, NY | $539,240 | $752,352 |
Boston Theological Institute Cambridge, MA | $214,295 | $331,397 |
Shaar Hatalmud Institute Brooklyn, NY | $1,893,423 | $1,487,905 |
China Evangelical Seminary Association Inc Lexington, MA | $54,171 | $0 |
Sanborn Seminary Kingston, NH | $1,280,682 | $75,527 |