Berkeley Divinity School
- Assets
- $74.3m
- Revenue
- $3.8m
- Investments
- $63.0m
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 06/1942
- Data as of
- 06/2021
- EIN
- 06-1013935
Organization Overview
Berkeley Divinity School is located in New Haven, CT. The organization was established in 1942. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berkeley Divinity School 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 06/2021, Berkeley Divinity School generated $3.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.6m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE STUDENTS FOR ORDINATION AS PRIESTS, OR TO SERVE AS LAY LEADERS IN THE EPISCOPAL CHURCH AND ANGLICAN COMMUNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS IN SUPPORT OF PREPARING STUDENTS FOR THE SACRED MINISTRY IN THE EPISCOPAL CHURCH AND ANGLICAN COMMUNION. FOURTY-SEVEN STUDENTS WERE ENROLLED IN THE CURRENT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Very Rev Dr Andrew B Mcgowan Dean & President | OfficerTrustee | 37.5 | $181,000 |
Pamela S Wesley-Gomez Director Of Development | 37.5 | $150,000 | |
Charles Royce Vice Chair | OfficerTrustee | 0.5 | $0 |
James Elrod Chair | OfficerTrustee | 0.5 | $0 |
Linda Lorimer Vice Chair & Secretary, Ya | Officer | 0.5 | $0 |
Gabrielle Thomas Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,361,078 |
| Noncash contributions included in lines 1a–1f | $280,260 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,361,078 |
| Total Program Service Revenue | $0 |
| Investment income | $2,434,423 |
| 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 | $3,795,501 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,020,515 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $181,000 |
| Compensation of current officers, directors, key employees. | $86,880 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $522,517 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $234,296 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,500 |
| 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 | $18,876 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,959 |
| Travel | $301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $720 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,497 |
| Insurance | $28,406 |
| All other expenses | $47,097 |
| Total functional expenses | $2,588,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,470,667 |
| Accounts receivable, net | $0 |
| 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 | $433,549 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $63,038,514 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,333,547 |
| Total assets | $74,276,277 |
| Accounts payable and accrued expenses | $21,038 |
| 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 | $94,343 |
| Total liabilities | $115,381 |
| Net assets without donor restrictions | $9,808,438 |
| Net assets with donor restrictions | $64,352,458 |
| 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 | $74,276,277 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Berkeley Divinity School has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
The William Brown Foundation Inc New York, NY PURPOSE: GENERAL | $30,000 |
Endowment Analysis
| Beg. Balance | $45,946,688 |
| Earnings | $15,881,671 |
| Net Contributions | $1,210,155 |
| Ending Balance | $63,038,514 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Architectural College Boston, MA | $43,735,977 | $21,122,754 |
Rabbi Isaac Elchanan Theological Seminary New York, NY | $154,914,739 | $24,312,479 |
Webb Institute Glen Cove, NY | $108,979,783 | $22,554,419 |
Sackler School Of Medicine New York, NY | $3,810,351 | $9,320,787 |
New York Academy Of Art New York, NY | $18,557,370 | $9,146,405 |
Auburn Theological Seminary New York, NY | $28,146,377 | $5,237,023 |
Hartford International University For Religion And Peace Hartford, CT | $70,630,501 | $3,322,795 |
Massachusetts School Of Law At Andover Andover, MA | $10,679,528 | $4,847,415 |
New York Theological Seminary New York, NY | $2,378,321 | $4,439,036 |
Yeshiva Derech Chaim Brooklyn, NY | $2,751,947 | $4,396,697 |
Yeshiva Gedolah Rabbinical West Haven, CT | $3,945,366 | $3,943,567 |
New York College Of Traditional Chinese Medicine Mineola, NY | $5,746,257 | $4,024,503 |