Foundation For Theological Education In Southeast Asia
- Assets
- $18.3m
- Revenue
- $446.6k
- Investments
- $18.1m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/1974
- Data as of
- 12/2023
- EIN
- 23-7362344
Organization Overview
Foundation For Theological Education In Southeast Asia is located in Atlanta, GA. The organization was established in 1974. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Theological Education In Southeast Asia 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 12/2023, Foundation For Theological Education In Southeast Asia generated $446.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $884.1k during the year ending 12/2023. While expenses have increased by 3.8% per year over the past 9 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.
Since 2014, Foundation For Theological Education In Southeast Asia has awarded 402 individual grants totaling $5,326,343. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Dr Wati Longchar Exec. Dir. | 35 | $96,961 | |
Kurt Gabbard Treasurer | 2 | $0 | |
Norman Donkersloot Fmr Treasure | 2 | $15,000 | |
Rev Dr David Esterline Chair | 0.25 | $0 | |
Ms Patti Talbot Vice Chair | 0.25 | $0 | |
Rev Dr Franklin Ishida Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $446,624 |
| Capital Gain Net Income | $446,624 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $446,624 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $111,961 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $28,863 |
| Interest | $0 |
| Taxes | $9,818 |
| Depreciation | $0 |
| Occupancy | $24,987 |
| Travel, conferences, and meetings | $88,674 |
| Printing and publications | $0 |
| Other expenses | $18,345 |
| Total operating and administrative expenses | $322,736 |
| Contributions, gifts, grants paid | $561,396 |
| Total expenses and disbursements | $884,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $177,716 |
| Net Accounts receivable | $7,627 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $18,134,161 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,319,504 |
| Accounts payable and accrued expenses | $9,035 |
| Grants payable | $121,493 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,018 |
| Total liabilities | $133,546 |
Grants Awarded
Over the last fiscal year, Foundation For Theological Education In Southeast Asia has awarded $561,396 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
ATEM FACULTY DEVELOPMENT PURPOSE: FACULTY DEVELOPMENT | $10,000 |
ATESEA PROGRAM PURPOSE: IMPROVE THEOL. EDUCATION IN SE ASIA | $50,000 |
ASIAN WOMEN'S RESOURCE CENTER PURPOSE: IMPROVE THEOL. EDUCATION IN SE ASIA | $5,000 |
DIGITAL THEOLOGICAL SEMINARY PURPOSE: IMPROVE THEOL. EDUCATION IN SE ASIA | $7,500 |
CCC THEOLOGICAL SEMBIBLE PURPOSE: TRAINING PROGRAMS, GRAD STUDIES | $80,000 |
CCA SCHOLARSHIPS PURPOSE: SCHOLARSHIPS | $10,000 |