America Chinese Evangelical Seminary is located in Sunnyvale, CA. The organization was established in 2006. 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. America Chinese Evangelical Seminary 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 12/2021, America Chinese Evangelical Seminary generated $535.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $439.3k during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
ESTABLISH AND BUILD UP SEMINARY TRAINING CENTER; MOBILIZE CHRISTIANS LOCAL AND OVERSEAS TO DO MISSION; NURTURE BELIEVERS TOWARD SPIRITUAL MATURITY AND TRAIN PEOPLE TO DO PASTORAL AND MISSION MINISTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISH AND BUILD UP SEMINARY TRAINING CENTER; MOBILIZED OVERSEAS CHRISTIAN TO DO MISSION; NURTURE BELIEVERS TOWARD SPIRITUAL MATURITY AND TRAIN PEOPLE TO DO PASTORAL AND MISSIONARY MINISTRIES.
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $87,024 |
Related organizations | $0 |
Government grants | $49,770 |
All other contributions, gifts, grants, and similar amounts not included above | $128,728 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $265,522 |
Total Program Service Revenue | $269,930 |
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 | $535,452 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $25,842 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $67,200 |
Compensation of current officers, directors, key employees. | $30,000 |
Compensation to disqualified persons | $90,500 |
Other salaries and wages | $59,337 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $12,581 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
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 | $26,494 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $18,367 |
Travel | $2,153 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $52,063 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $856 |
All other expenses | $0 |
Total functional expenses | $439,268 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $45,201 |
Pledges and grants receivable | $0 |
Accounts receivable, net | -$85,778 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $2,549 |
Inventories for sale or use | $4,539 |
Prepaid expenses and deferred charges | $19,740 |
Net Land, buildings, and equipment | $3,029,103 |
Investments—publicly traded securities | $250,000 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,500 |
Total assets | $3,268,854 |
Accounts payable and accrued expenses | -$15,280 |
Grants payable | $0 |
Deferred revenue | -$3,311 |
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 | $845,440 |
Unsecured mortgages and notes payable | $774,062 |
Other liabilities | $57,106 |
Total liabilities | $1,658,017 |
Net assets without donor restrictions | $1,610,837 |
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 | $3,268,854 |
Over the last fiscal year, we have identified 4 grants that America Chinese Evangelical Seminary has recieved totaling $59,398.
Awarding Organization | Amount |
---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $37,359 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $18,000 |
Grace Foundation Ames, IA PURPOSE: PROGRAM SUPPORT | $4,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
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