Langham Partnership Usa Inc Nfp
- Assets
- $5.1m
- Revenue
- $6.6m
- Investments
- $19.4k
- Employees
- 14
- Location
- Cave Creek, AZ
- Founding
- 08/1975
- Data as of
- 06/2023
- EIN
- 23-7417198
Organization Overview
Langham Partnership Usa Inc Nfp is located in Cave Creek, AZ. The organization was established in 1975. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Langham Partnership USA Inc Nfp employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Langham Partnership USA Inc Nfp 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 06/2023, Langham Partnership USA Inc Nfp generated $6.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $6.4m during the year ending 06/2023. While expenses have increased by 7.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT PASTOR AND SEMINARY STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LANGHAM SCHOLARS PROGRAM SUPPORTS EVANGELICAL DOCTORAL STUDENTS FROM THE MAJORITY WORLD WHO RETURN TO POSITIONS OF THEOLOGICAL TEACHING AND LEADERSHIP. LANGHAM SCHOLARS HAS SUPPORTED OVER 330 SCHOLARS FROM MORE THAN 78 COUNTRIES AT NUMEROUS U.K. AND U.S. INSTITUTIONS AND HAS EXPANDED SUPPORT TO DOCTORAL EDUCATION AT KEY MAJORITY WORLD INSTITUTIONS.
THE LANGHAM ENTITY PROGRAM IS A WORLD WIDE MINISTRY SUPPORT FOR PROGRAMS WHICH FURTHER MEET THE GOALS OF LANGHAM PARTNERSHIP.
THE LANGHAM PREACHING PROGRAM PARTNERS WITH NATIONAL LEADERS TO NURTURE INDIGENOUS PREACHING MOVEMENTS FOR PASTORS AND LAY PREACHERS ALL AROUND THE WORLD. THIS PARTNERSHIP PROVIDES PRACTICAL ON-SITE SUPPORT FOR PREACHERS, ORGANIZING TRAINING SEMINARS, PROVIDING RESOURCES, ENCOURAGING PREACHERS' GROUPS, AND BUILDING A LOCAL MOVEMENT COMMITTED TO BIBLE EXPOSITION. THE PROGRAM IS CURRENTLY ACTIVE IN 63 COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin K Homan President | OfficerTrustee | 40 | $191,571 |
Joel Carpenter Chair | OfficerTrustee | 1 | $0 |
Brad Palmer Vice Chair | OfficerTrustee | 1 | $0 |
Lynn Cohick Director | Trustee | 1 | $0 |
Chip Combs Director | Trustee | 1 | $0 |
Bob Crawford Director | 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 | $6,524,507 |
| Noncash contributions included in lines 1a–1f | $171,077 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,524,507 |
| Total Program Service Revenue | $2,655 |
| Investment income | $62,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,513 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,584,165 |
| 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 | $2,790,495 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $240,604 |
| Compensation of current officers, directors, key employees. | $36,091 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,021,552 |
| Pension plan accruals and contributions | $47,082 |
| Other employee benefits | $147,245 |
| Payroll taxes | $63,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,097 |
| Fees for services: Accounting | $185,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,735 |
| Fees for services: Other | $636,459 |
| Advertising and promotion | $53,112 |
| Office expenses | $277,777 |
| Information technology | $58,154 |
| Royalties | $0 |
| Occupancy | $10,100 |
| Travel | $432,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $326,862 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,750 |
| Insurance | $12,582 |
| All other expenses | $61,935 |
| Total functional expenses | $6,404,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $812,669 |
| Savings and temporary cash investments | $400,125 |
| Pledges and grants receivable | $68,554 |
| Accounts receivable, net | $107,950 |
| 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 | $70,263 |
| Net Land, buildings, and equipment | $378,750 |
| Investments—publicly traded securities | $3,216,074 |
| Investments—other securities | $19,394 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,073,779 |
| Accounts payable and accrued expenses | $110,889 |
| 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 | $110,889 |
| Net assets without donor restrictions | $1,764,744 |
| Net assets with donor restrictions | $3,198,146 |
| 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 | $5,073,779 |