Gets Theological Seminary
- Assets
- $3.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 29
- Location
- Covina, CA
- Founding
- 09/2009
- Data as of
- 12/2023
- EIN
- 26-3453472
Organization Overview
Gets Theological Seminary is located in Covina, CA. The organization was established in 2009. 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 12/2023, Gets Theological Seminary employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gets 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 12/2023, Gets Theological Seminary generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 9 years. 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
PROVIDE THEOLOGICAL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING AND PROVIDING THEOLOGICAL EDUCATION, THE ORGANIZATION IS COMMITTED TO 1) TRAIN CHINESE CHRISTIAN CHURCH PASTORS AND LAY LEADERS WORLDWIDE; AND 2) TRAIN CHRISTIAN THEOLOGICAL EDUCATORS, I.E. PROFESSORS, FOR THE CHINESE CHRISTIAN CHURCHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Sih Ching Ting Chief Executive Officer | OfficerTrustee | 40 | $53,328 |
Benjamin Kuo Board Of Director | Trustee | 0 | $0 |
Weier Huang Board Of Director | Trustee | 0 | $0 |
Hwey-Chin Hsu Chief Financial Officer | OfficerTrustee | 0 | $0 |
Robin Yiu Chairperson Of Board | OfficerTrustee | 0 | $0 |
Sarah Chen Secretary | OfficerTrustee | 0 | $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 | $1,126,691 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,126,691 |
| Total Program Service Revenue | $148,694 |
| Investment income | $1,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,295,301 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,490 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $896,743 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $148,526 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,135 |
| Fees for services: Accounting | $18,789 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,198 |
| Advertising and promotion | $39,974 |
| Office expenses | $41,735 |
| Information technology | $5,911 |
| Royalties | $0 |
| Occupancy | $49,573 |
| Travel | $29,678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,426 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $133,568 |
| Insurance | $13,869 |
| All other expenses | $0 |
| Total functional expenses | $1,600,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,699 |
| Savings and temporary cash investments | $184,565 |
| 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 | $2,848,983 |
| Investments—publicly traded securities | $28,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $203,742 |
| Total assets | $3,617,986 |
| Accounts payable and accrued expenses | $3,831 |
| 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 | $3,831 |
| Net assets without donor restrictions | $3,614,155 |
| 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 | $3,617,986 |
Grants Awarded
Over the last fiscal year, Gets Theological Seminary has awarded $2,393,195 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITAL RIVER OF LIFE CHRISTIAN CHU PURPOSE: ACADEMIC PROGRAMS | $9,692 |
GETS THEOLOGICAL SEMINARY FOUNDATIO PURPOSE: SCHOOLS FOUNDATION FUNDING | $2,383,503 |