Jordan Evangelical Theological Seminary Inc
- Assets
- $437.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Tulsa, OK
- Founding
- 07/2007
- Data as of
- 06/2022
- EIN
- 32-0164159
Organization Overview
Jordan Evangelical Theological Seminary Inc, operating under the name Jets, is located in Tulsa, OK. The organization was established in 2007. 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. Jets 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, Jets generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $836.6k during the year ending 06/2022. While expenses have increased by 5.0% per year over the past 3 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
JORDAN EVANGELICAL THEOLOGICAL SEMINARY WORKS TO RELIEVE THE BURDENS OF ALL PEOPLE, AS WELL AS BRING THEM TO A SAVING KNOWLEDGE OF FAITH THROUGH JESUS CHRIST. THIS IS LARGELY DONE THROUGH RAISING SUPPORT FOR AND PROMOTING THE IMPORTANCE OF THEOLOGICAL EDUCATION AND TRAINING OF LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISED FUNDS TO SUPPORT JORDAN EVANGELICAL THEOLOGICAL SEMINARY IN JORDAN (JETS-JORDAN) FOR STUDENT SCHOLARSHIPS, CAMPUS CONSTRUCTION, ACADEMIC PUBLICATIONS, AND SUPPORT FOR GRADUATES LAUNCHING MINISTRIES. JETS-JORDAN EQUIPS SPIRITUAL LEADERS FOR PLANTING AND STRENGTHENING CHURCHES IN THE 22 ARABIC-SPEAKING COUNTRIES OF THE MIDDLE EAST, ARAB PENINSULA AND NORTH AFRICA. JETS-JORDAN IS NOT DENOMINATIONALLY RELATED AND OFFERS B.TH., M.A.B.S., M.DIV., TH.M., AND D.MIN. DEGREES. JETS-JORDAN HAS AN EVANGELICAL STATEMENT OF FAITH AND ITS DEGREES ARE ACCREDITED BY THREE INTERNATIONAL ACCREDITING AGENCIES. JETS-JORDAN GRADUATES SERVE IN SEVERAL ARAB COUNTRIES AS WELL AS AMONG ARAB COMMUNITIES IN SEVERAL WESTERN COUNTRIES. JORDAN EVANGELICAL THEOLOGICAL SEMINARY ALSO SUPPORTS MISSIONARIES SERVING AT JETS-JORDAN. IN ADDITION, THE ORGANIZATION RAISED AWARENESS AND PROMOTED THE IMPORTANCE OF THEOLOGICAL EDUCATION AND TRAINING LEADERSHIP IN THE ARABIC SPEAKING WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Imad Shehadeh President | OfficerTrustee | 10 | $0 |
Dr Michael Cozzens Chairman | OfficerTrustee | 2 | $0 |
Jim Stubbs Treasurer | OfficerTrustee | 2 | $0 |
Dr Lee Ewin Secretary | OfficerTrustee | 1 | $0 |
David Niednagel Director | Trustee | 1 | $0 |
Dr David Horner 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 | $1,156,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,156,731 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,156,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,650 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $775,760 |
| 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 | $4,325 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $221 |
| All other expenses | $960 |
| Total functional expenses | $836,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $437,421 |
| Savings and temporary cash investments | $11 |
| 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 | $139 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $437,571 |
| Accounts payable and accrued expenses | $2,457 |
| 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 | $2,457 |
| Net assets without donor restrictions | $385,611 |
| Net assets with donor restrictions | $49,503 |
| 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 | $437,571 |