Central Baptist Theological Seminary

Organization Overview

Central Baptist Theological Seminary is located in Plymouth, MN. The organization was established in 1964. 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 06/2021, Central Baptist Theological Seminary employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Baptist 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 06/2021, Central Baptist Theological Seminary generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 1.1% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF CENTRAL BAPTIST THEOLOGICAL SEMINARY IS TO ASSIST NEW TESTAMENT CHURCHES IN EQUIPPING SPIRITUAL LEADERS FOR CHRIST-EXALTING BIBLICAL MINISTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEMINARY-THE PURPOSE OF CENTRAL SEMINARY IS TO PREPARE, AT THE GRADUATE LEVEL, MEN AND WOMEN WHOM GOD HAS CALLED TO HIS SERVICE FOR SEPARATIST BAPTIST WITNESS AND WORK AT HOME AND ABROAD. GRADUATES ARE GRANTED DIPLOMAS FOR THEOLOGICAL MINISTRY PREPARATION. DEGREES INCLUDED MASTER OF ARTS IN THEOLOGICAL STUDIES, MASTERS OF DIVINITY, MASTERS OF THEOLOGY, AND PHD IN THEOLOGY.


WCTS-DEVELOP AND DELIVER BROADCAST PROGRAMMING TO INFORM AND EDIFY CHRISTIANS AND ENCOURAGE OTHERS TO CONSIDER THE CLAIMS OF JESUS CHRIST. BROADCASTING IN AN AM, NON- COMMERCIAL STATION FORMAT TO THE GREAT TWIN CITIES AND ALSO VIA THE INTERNET 24 HOURS PER DAY. LONG TERM GOALS INCLUDE THE INCREASING OF NIGHT TIME POWER FOR THE GREATER TWIN CITIES AREA AS WELL AS CONTINUE PROVIDING QUALITY PROGRAMMING COVERING BIBLICAL PREACHING/TEACHING AND GOD HONORING MUSIC.


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Board, Officers & Key Employees

Name (title)Compensation
Eric Fjetland
Treasurer And Secretary
$26,899
Matt Morrell
President
$6,673
Gregory Adams
Board Member
$0
Milton Andrews
Board Member
$0
Tim Emslie
Board Member
$0
Timothy Graham
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$108,900
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,080,021
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,188,921
Total Program Service Revenue$274,222
Investment income $64,190
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $9,168
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,539,130

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Central Baptist Theological Seminary has recieved totaling $481.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$481
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$577,361
Earnings$67,939
Net Contributions$105,747
Other Expense$58,535
Grants$64,375
Ending Balance$628,137

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