China Graduate School Of Theology Inc
- Assets
- $4.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Mountain View, CA
- Founding
- 06/1970
- Data as of
- 12/2022
- EIN
- 23-7065664
Organization Overview
China Graduate School Of Theology Inc is located in Mountain View, CA. The organization was established in 1970. 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. China Graduate School Of Theology Inc 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, China Graduate School Of Theology Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $977.2k during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING THE GREATER CHINA THEOLOGICAL EDUCATION AND TRAINING FOR THE VISION TO BUILD UP CHINESE CHURCHES TO FACE UNPRECEDENTED CHALLENGES AND OPPORTUNITIES FOR CHURCH GROWTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTS THE GREATER CHINA AND SOUTHEAST ASIA THEOLOGICAL EDUCATION AND ONGOING DEVELOPMENT, TRAINING, FACULTY SUPPORT OF THE INSTITUTION.
SCHOLARSHIPS - SUPPORTS STUDENTS AND CHURCH LEADERS FROM MAINLAND CHINA WHO HAVE ENROLLED IN FULL TIME RESIDENCE PROGRAMS AND INTENSIVE PUTONGHUA THEOLOGICAL TRAINING PROGRAMS AS WELL AS FINANCIAL NEEDS OF LOCAL HONG KONG STUDENTS WHO HAVE ENROLLED AS FULL TIME STUDENTS.
SUPPORT THE "WORD OF LIFE" BIBLE STUDY PROJECT TO DEVELOP RESOURCES AND IMPLEMENT THE STUDY OF THE WORD OF GOD SYSTEMATICALLY FOR CHINESE CHURCHES IN THE USA. BIBLE EXPOSITION & FREE OF CHARGE CLASSES TO REACH CHRISTIANS TO READ AND UNDERSTAND THE BIBLE. AFTER THE EASING UP OF THE COVID-19 PANDEMIC RESTRICTIONS, THE IN-PERSON WORD OF LIFE BIBLE STUDY SITES HAVE BEEN RESUMING STEADILY IN 2022. NEW SITES IN STATEN ISLAND AND PHILADELPHIA HAVE BEEN ADDED IN ADDITION TO THE 14 OTHER RESUMED SITES FOR A TOTAL OF 16 IN OPERATION BY THIS FALL. SIX (6) 8-WEEK ONLINE BIBLE CLASSES HAVE BEEN OFFERED CONSECUTIVELY FOR WORD OF LIFE STUDENTS WHO COULD NOT ATTEND THE BIBLE STUDY IN PERSON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Woo Chairman | OfficerTrustee | 10 | $0 |
Jackson Leung Vice Chairmain | OfficerTrustee | 1.5 | $0 |
Steven Ho Secretary | OfficerTrustee | 1.5 | $0 |
Tony Yip Director Of Operation | OfficerTrustee | 10 | $0 |
Thomas Tse Assist Treasurer | OfficerTrustee | 1.5 | $0 |
Andrew Lee Director | Trustee | 1.5 | $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 | $1,067,846 |
| Noncash contributions included in lines 1a–1f | $52,253 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,067,846 |
| Total Program Service Revenue | $0 |
| Investment income | $70,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,521 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,136,027 |
| 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 | $792,548 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,984 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,234 |
| Payroll taxes | $3,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $778 |
| Fees for services: Accounting | $1,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,749 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,811 |
| Office expenses | $20,169 |
| Information technology | $33,660 |
| Royalties | $0 |
| Occupancy | $11,312 |
| Travel | $1,460 |
| 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 | $674 |
| Insurance | $4,103 |
| All other expenses | $0 |
| Total functional expenses | $977,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,231 |
| Savings and temporary cash investments | $495,066 |
| 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 | $982 |
| Investments—publicly traded securities | $3,692,031 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $700 |
| Total assets | $4,408,010 |
| 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 | $826 |
| Total liabilities | $826 |
| Net assets without donor restrictions | $4,407,184 |
| 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 | $4,408,010 |