Ecumenical Theological Seminary
- Assets
- $5.1m
- Revenue
- $328.9k
- Investments
- $181.9k
- Employees
- 25
- Location
- Detroit, MI
- Founding
- 03/1986
- Data as of
- 07/2022
- EIN
- 38-2385150
Organization Overview
Ecumenical Theological Seminary is located in Detroit, MI. The organization was established in 1986. As of 07/2022, Ecumenical Theological Seminary employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ecumenical 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 07/2022, Ecumenical Theological Seminary generated $328.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $1.2m during the year ending 07/2022. 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
TO DEVELOP FAITHFUL AND EFFECTIVE CHURCH AND COMMUNITY LEADERS FOR THE MISSION OF THE CHURCH OF THE WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ECUMENICAL THEOLOGICAL SEMINARY PROVIDES A MULTI-CONFESSIONAL CHRISTIAN THEOLOGICAL EDUCATION WITHIN AN URBAN CONTEXT, WHILE INITIATING INTERFAITH ENGAGEMENT. OUR APPROACH CREATES SPIRITUAL LEADERSHIP THROUGH PERSONAL TRANSFORMATION, SOCIAL RESPONSIBILITY, CRITICAL REFLECTION AND ACADEMIC RIGOR. ETS GRADUATES ARE PREPARED TO LEAD COMMUNITIES OF FAITH WHILE SHARING GOD'S COMPASSION IN RELATIONSHIP TO CARIOUS ECUMENICAL INTERFAITH, POLITICAL, SOCIAL, ECONOMICAL AND CULTURAL CONTEXTS. THE SEMINARY CONFERS THE DOCTOR OF MINISTRY, THE MASTER OF DIVINITY, THE MASTER OF ARTS IN PASTORAL MINISTRY, THE MASTER OF ARTS, AND THE URBAN MINISTRY DIPLOMA. COURSES ARE OPEN TO CLERGY AND LAITY FOR ADULT OR CONTINUING EDUCATION. STUDENTS ARE PRIMARILY FROM SOUTHEASTERN MICHIGAN AND SURROUNDING AREAS. THE SEMINARY IS SUPPORTED THROUGH TUITION, FEES AND CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monique Marks Board Chair | Trustee | 2 | $0 |
Vincent Kirkwood Board Member | Trustee | 2 | $0 |
Rev Charles C Adams Board Member | Trustee | 2 | $0 |
Bishop Donald Kreiss Board Member | Trustee | 2 | $0 |
Rev Kenneth Howard Board Member | Trustee | 2 | $0 |
Constance Simon Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $264,292 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,329 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,621 |
| Total Program Service Revenue | $517,527 |
| Investment income | -$600,978 |
| 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 | $328,949 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,000 |
| Compensation of current officers, directors, key employees. | $14,112 |
| Compensation to disqualified persons | $538,314 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,247 |
| Payroll taxes | $55,938 |
| Fees for services: Management | $99,045 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $10,130 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $223,161 |
| Travel | $1,238 |
| 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 | $2,436 |
| Insurance | $26,905 |
| All other expenses | $37,402 |
| Total functional expenses | $1,216,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,517 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,259 |
| 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 | $8,940 |
| Net Land, buildings, and equipment | $4,873 |
| Investments—publicly traded securities | $4,738,070 |
| Investments—other securities | $181,931 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,082,590 |
| Accounts payable and accrued expenses | $33,603 |
| Grants payable | $0 |
| Deferred revenue | $9,100 |
| 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 | $42,703 |
| Net assets without donor restrictions | $5,004,998 |
| Net assets with donor restrictions | $34,889 |
| 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 | $5,082,590 |