The Fund For Theological Education Inc
- Assets
- $32.2m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Atlanta, GA
- Founding
- 03/1956
- Data as of
- 12/2022
- EIN
- 21-0725643
Organization Overview
The Fund For Theological Education Inc, operating under the name Forum For Theological Exploration, is located in Atlanta, GA. The organization was established in 1956. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Forum For Theological Exploration employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forum For Theological Exploration 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 12/2022, Forum For Theological Exploration generated $7.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Forum For Theological Exploration has awarded 299 individual grants totaling $4,204,466. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND FOR THEOLOGICAL EDUCATION (FTE) CULTIVATES DIVERSE, YOUNG ADULTS TO BE FAITHFUL, WISE AND COURAGEOUS LEADERS FOR THE CHURCH AND ACADEMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTIVATING CHRISTIAN LEADERS PROVIDES SUPPORT TO SEVERAL GROUPS OF CANDIDATES EXPLORING AND PREPARING FOR VOCATIONS IN CHRISTIAN MINISTRY. FELLOWS PARTICIPATED IN DISCERNMENT EVENTS AND NETWORKS OF SUPPORT AND WERE GIVEN OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT.
STRATEGIC PARTNERS CULTIVATING CHRISTIAN LEADERS EQUIPS AND STRENGTHENS DIVERSE NETWORKS OF LEADERS OF CONGREGATIONS AND CHURCH RELATED ORGANIZATIONS TO IDENTIFY AND INSPIRE YOUNG ADULTS TO EXPLORE AND PURSUE A CALL TO MINISTRY AND TEACHING BY OFFERING GRANTS, CONFERENCES, LEADERSHIP DEVELOPMENT OPPORTUNITIES AND A COMMUNITY OF SUPPORT.
THE HIGH SCHOOL YOUTH THEOLOGY INSTITUTES OFFER SPACES FOR YOUNG PEOPLE TO EXPLORE QUESTIONS ABOUT THEIR FAITH, PURPOSE, AND CALL TO MINISTRY IN THE WORLD. THE INSTITUTES WITHIN THIS INITIATIVE WORK WITH COLLEGES AND UNIVERSITIES, CONGREGATIONS, DENOMINATIONAL OFFICES, SERVICES AGENCIES, AND YOUTH MINISTRY ORGANIZATIONS TO IDENTIFY, IGNITE, AND CULTIVATE THE GIFTS OF FUTURE CHRISTIAN LEADERS WHO WILL IMPACT OUR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Helmiere Trustee | Trustee | 1 | $0 |
Aisha Brooks-Johnson Trustee | Trustee | 1 | $0 |
Ms Soon Mee Kim Trustee | Trustee | 1 | $0 |
Mr J Larry Stine Trustee | Trustee | 1 | $0 |
Dr Shively Smith Trustee | Trustee | 1 | $0 |
Mr Starsky Wilson Trustee | Trustee | 1 | $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 | $6,546,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,546,810 |
| Total Program Service Revenue | $0 |
| Investment income | $775,639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$134,783 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,187,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $469,380 |
| Grants and other assistance to domestic individuals. | $485,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $484,077 |
| Compensation of current officers, directors, key employees. | $24,896 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $988,283 |
| Pension plan accruals and contributions | $190,402 |
| Other employee benefits | $321,684 |
| Payroll taxes | $89,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $326,102 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $221,487 |
| Royalties | $0 |
| Occupancy | $205,935 |
| Travel | $60,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,225,456 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,252 |
| All other expenses | $36,063 |
| Total functional expenses | $5,327,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,714 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,500,000 |
| 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 | $148,274 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $25,218,264 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,218,252 |
| Accounts payable and accrued expenses | $207,016 |
| 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 | $207,016 |
| Net assets without donor restrictions | $11,644,534 |
| Net assets with donor restrictions | $20,366,702 |
| 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 | $32,218,252 |
Grants Awarded
Over the last fiscal year, The Fund For Theological Education Inc has awarded $400,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
DOOR DISCOVERING OPPORTUNITIES FOR OUTREACH AND REFLECTION PURPOSE: COMMUNITY OF PRACTICE GRANT YR 1 | $20,000 |
ELEAZAR PARTNERSHIPS INC DBA MATTHEW 25 PURPOSE: COMMUNITY OF PRACTICE GRANT YR 1 | $20,000 |
NOTRE DAME MISSION VOLUNTEERS CORPORATION PURPOSE: COMMUNITY OF PRACTICE GRANT YR 1 | $20,000 |
CALL TO ACTION PURPOSE: COMMUNITY OF PRACTICE GRANT YR 1 | $20,000 |
NEW CITY CHURCH UNITED METHODIST CHURCH PURPOSE: COMMUNITY OF PRACTICE GRANT YR 1 | $20,000 |
NUEVA ESPERANZA INC PURPOSE: COMMUNITY OF PRACTICE GRANT YR 1 | $20,000 |