Friends Of Nagoya Theological Seminary
- Assets
- $1.2m
- Revenue
- $382.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Wayne, PA
- Founding
- 02/2006
- Data as of
- 12/2021
- EIN
- 20-0289989
Organization Overview
Friends Of Nagoya Theological Seminary, operating under the name Cbi Friends, is located in Wayne, PA. The organization was established in 2006. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cbi Friends 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, Cbi Friends generated $382.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $247.7k during the year ending 12/2021. 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 MAKE KNOWN THE GOSPEL OF CHRIST AMONG THE PEOPLE OF SUCH COUTNRIES AS MAY BE DETERMINED BY (A) CONTRIBUTING TO THE DEEPENING OF THE SPIRITUAL LIFE OF THE CHURCHES IN THOSE COUNTRIES (B) TRAINING NATIONAL CHRISTIANS FOR SPIRITUAL LEADERSHIP THROUGH THE MEDIUM OF SEMINARIES, SCHOOLS, HOSPITALS, ETC AND (C) ENGAGING IN RELATED ACTIVITIES TO SUPPORT THESE MINISTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF THE MINISTRIES ASSOCIATED WITH CHRIST BIBLE INSTITUTE (CBI) IN NAGOYA, JAPAN, INCLUDING CHRIST BIBLE SEMINARY (PREVIOUSLY NAMED NAGOYA THEOLOGICAL SEMINARY). THE MISSION OF CBI IS TO ENGAGE JAPANESE SOCIETY WITH THE GOSPEL BY WORD AND DEED, EXPAND THE KINGDOM OF GOD IN JAPAN THROUGH CHURCH PLANTING, AND EQUIP JAPANESE CHRISTIAN LEADERS FOR MINISTRY. THE ORGANIZATION'S SUPPORT OF CBI'S MISSION INCLUDES THE RAISING AND MANAGEMENT OF MINISTRY FUNDS, ADVOCACY AND NETWORK BUILDING. FINANCIAL SUPPORT FOR THE MINISTRIES OF CBI ARE DISTRIBUTED BY MEANS OF DONATIONS TO OTHER UNITED STATES BASED ORGANIZATIONS, PAYMENTS FOR SERVICES RENDERED BY U.S. BUSINESSES AND GRANTS AWARDED TO INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcus Kyle Executive Di | Officer | 20 | $47,979 |
Jason Ho Vice-Chair | OfficerTrustee | 0.5 | $0 |
Young Hwangbo Chair | OfficerTrustee | 1 | $0 |
Scott Meyer Treasurer | OfficerTrustee | 0.5 | $0 |
Matthew Ng Secretary | OfficerTrustee | 0.5 | $0 |
Kwang Chin Kim Director | Trustee | 0.5 | $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 | $321,213 |
| Noncash contributions included in lines 1a–1f | $2,542 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $321,213 |
| Total Program Service Revenue | $0 |
| Investment income | $16,351 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,765 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $382,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,666 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $137,006 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $47,979 |
| Compensation of current officers, directors, key employees. | $19,192 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,121 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,600 |
| Fees for services: Other | $200 |
| Advertising and promotion | $1,200 |
| Office expenses | $1,787 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $944 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $615 |
| All other expenses | $0 |
| Total functional expenses | $247,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,749 |
| Savings and temporary cash investments | $32,277 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $872,511 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,160,537 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $845,108 |
| Net assets with donor restrictions | $315,429 |
| 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 | $1,160,537 |
Grants Awarded
Over the last fiscal year, Friends Of Nagoya Theological Seminary has awarded $46,106 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lawrenceville, GA PURPOSE: to further the mission | $36,106 |
Orlando, FL PURPOSE: to further the mission | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Nagoya Theological Seminary has recieved totaling $23,871.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $23,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Young Mens And Young Womens Hebrew Association New York, NY | $131,039,386 | $88,362,629 |
Word Of Life Foundation Inc Schroon Lake, NY | $29,167,251 | $32,657,621 |
Foundation Of The Catholic Diocese Of Columbus Columbus, OH | $225,801,350 | $24,775,130 |
Sisters Of Charity Of St Augustine Health System Inc Cleveland, OH | $57,997,267 | $6,211,280 |
The Catholic Foundation Of Greater Philadelphia Philadelphia, PA | $44,939,432 | $23,307,616 |
Jewish Community Foundation Inc Cherry Hill, NJ | $42,600,461 | $8,752,647 |
Episcopal Church Foundation New York, NY | $650,053,865 | $6,623,247 |
American Friends Of Lev Aharon New York, NY | $614,615 | $3,691,815 |
Yaazoru Inc Lakewood, NJ | $191,815 | $3,860,512 |
Toras Chesed Inc Lakewood, NJ | $1,591,221 | $3,876,581 |
Scph Legacy Corporation Cleveland, OH | $6,198,398 | $162,734 |
American Baptist Foundation East Norriton, PA | $193,005,859 | $25,268,594 |