Faith Theological Seminary Inc
- Assets
- $259.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 7
- Location
- Catonsville, MD
- Founding
- 12/1942
- Data as of
- 06/2022
- EIN
- 23-1416559
Organization Overview
Faith Theological Seminary Inc, operating under the name Faith Theological Seminary, is located in Catonsville, MD. 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. As of 06/2022, Faith Theological Seminary employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith 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 06/2022, Faith Theological Seminary generated $15.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (43.3%) each year. All expenses for the organization totaled $13.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (42.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
BACHELOR OF THEOLOGY, MASTER OF DIVINITY, DOCTOROF MINISTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Harmon President | 30 | $0 | |
Brian Mcleod Chairman Of The Board | 10 | $0 | |
James Carroll Treasurer | 5 | $0 | |
Frank Ammerman Director | 1 | $0 | |
David Lewis Director | 1 | $0 | |
Nathaniel Johnson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10 |
| Total Program Service Revenue | $4,786 |
| Membership dues | $0 |
| Investment income | $512 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $10,171 |
| Total Revenue | $15,479 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $3,157 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,349 |
| Total expenses | $13,506 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,949 |
| Other assets | $0 |
| Total assets | $259,583 |
| Total liabilities | $53,537 |
| Net assets or fund balances | $206,046 |
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