Chafer Theological Seminary
- Assets
- $471.5k
- Revenue
- $307.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Albuquerque, NM
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 20-0403281
Organization Overview
Chafer Theological Seminary is located in Albuquerque, NM. The organization was established in 2005. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical 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. Chafer Theological 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, Chafer Theological Seminary generated $307.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $201.8k during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 6 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
CHAFER THEOLOGICAL SEMINARY EXISTS TO TRAIN STUDENTS IN THE USE OF THE ORIGINAL LANGUAGES OF SCRIPTURE AND DOING THEOLOGY BASED ON THEIR EXEGESIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERED TWO FULL SEMESTERS OF EDUCATION FOR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Woods President | Trustee | 20 | $35,215 |
Dave Roseland Director | Trustee | 2 | $12,671 |
Jeremy Thomas Director | Trustee | 2 | $9,000 |
Robert Dean Jr Vice-Chairma | OfficerTrustee | 2 | $5,400 |
Robert Clay Ward Director | Trustee | 2 | $5,220 |
Bradley Maston Director | Trustee | 2 | $1,680 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $136,743 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,793 |
| Total Program Service Revenue | $55,110 |
| Investment income | $265 |
| 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 | $307,168 |
| 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. | $69,186 |
| Compensation of current officers, directors, key employees. | $35,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,705 |
| Payroll taxes | $3,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $162 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,540 |
| Advertising and promotion | $0 |
| Office expenses | $1,375 |
| Information technology | $10,470 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $53 |
| 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 | $4,484 |
| All other expenses | $0 |
| Total functional expenses | $201,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,856 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,505 |
| 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 | $61,172 |
| Total assets | $471,533 |
| 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 | $6,282 |
| Total liabilities | $6,282 |
| Net assets without donor restrictions | $465,251 |
| 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 | $471,533 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chafer Theological Seminary has recieved totaling $10,506.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $506 |
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|---|---|---|
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National Tactical Officers Association Colorado Springs, CO | $2,706,085 | $5,194,177 |
Rgr Industries Inc Weslaco, TX | $113,711 | $4,345,199 |
Local 798 Training Center Tulsa, OK | $15,089,944 | $2,364,355 |
The Texas International Institute Of Health Professions Houston, TX | $1,051,100 | $3,423,750 |
Leaders In Education Houston, TX | $4,759,065 | $5,189,161 |
Valley Grande Institute For Academic Studies Weslaco, TX | $6,074,695 | $3,497,097 |