United Theological Seminary Of The Twin Cities
- Assets
- $18.7m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 58
- Location
- St Paul, MN
- Founding
- 06/2016
- Data as of
- 06/2024
- EIN
- 41-0854766
Organization Overview
United Theological Seminary Of The Twin Cities is located in St Paul, MN. The organization was established in 2016. 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 06/2024, United Theological Seminary Of The Twin Cities employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Theological Seminary Of The Twin Cities 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 06/2024, United Theological Seminary Of The Twin Cities generated $4.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $4.8m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER INTELLECTUAL, SPIRITUAL, AND PERSONAL GROWTH TO EDUCATE INNOVATIVE AND COMPASSIONATE LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED IS AN INTENTIONALLY OPEN, SOCIALLY AWARE, AND THEOLOGICALLYADVENTUROUS SEMINARY OFFERING 4 DEGREE PROGRAMS THROUGH 20 PLUSDENOMINATIONS AND WORLD FAITH TRADITIONS. UNITED IS EQUIPPING LEADERSTO MAKE REAL, LASTING CHANGE IN THE WORLD, WHETHER YOUR VOCATION IS INFAITH LEADERSHIP, NON-PROFIT LEADERSHIP, ACADEMIA, THE ARTS, ACTIVISM,OR SOCIAL ENTREPRENEURSHIP. FOUNDED AS A WELCOMING, ECUMENICAL SCHOOLTHAT EMBRACES ALL DENOMINATIONS AND FAITH TRADITIONS, UNITED HAS BEENON THE CUTTING EDGE OF PROGRESSIVE THEOLOGICAL THOUGHT LEADERSHIP SINCEIT WAS ESTABLISHED IN 1962. TODAY, UNITED CONTINUES TO TRAIN LEADERSWHO DISMANTLE SYSTEMS OF OPPRESSION, EXPLORE MULTIFAITH SPIRITUALITY,AND PUSH THE BOUNDARIES OF KNOWLEDGE. UNITED'S MAIN PROGRAM SERVICESARE: TRADITIONAL PATH TO MINISTRY AND CHAPLAINCY, LEADERSHIP FOR SOCIAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roderic Southall Board Member | Trustee | 1 | $0 |
Andrea Johnson Board Member | Trustee | 1 | $0 |
Elizabeth Macaulay Board Member | Trustee | 1 | $0 |
Jack Rossman Board Member | Trustee | 1 | $0 |
Karen Smith-Sellers Board Member | Trustee | 1 | $0 |
Clyde Steckel Board Member | 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 | $1,874,256 |
| Noncash contributions included in lines 1a–1f | $152,875 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,874,256 |
| Total Program Service Revenue | $2,490,582 |
| Investment income | $296,987 |
| 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 | $4,674,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $708,629 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $515,976 |
| Compensation of current officers, directors, key employees. | $204,336 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,737,374 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $214,617 |
| Payroll taxes | $111,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,335 |
| 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 | $210,825 |
| Advertising and promotion | $101,510 |
| Office expenses | $62,744 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $651,940 |
| Travel | $23,750 |
| 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 | $108,659 |
| Insurance | $13,147 |
| All other expenses | $1,394 |
| Total functional expenses | $4,763,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,076 |
| Savings and temporary cash investments | $19,103 |
| Pledges and grants receivable | $785,467 |
| Accounts receivable, net | $100,325 |
| 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 | $59,530 |
| Net Land, buildings, and equipment | $742,778 |
| Investments—publicly traded securities | $9,044,194 |
| Investments—other securities | $0 |
| Investments—program-related | $87,430 |
| Intangible assets | $0 |
| Other assets | $7,521,002 |
| Total assets | $18,747,905 |
| Accounts payable and accrued expenses | $186,790 |
| Grants payable | $0 |
| Deferred revenue | $292,765 |
| 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 | $4,114,739 |
| Total liabilities | $4,594,294 |
| Net assets without donor restrictions | $2,789,698 |
| Net assets with donor restrictions | $11,363,913 |
| 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 | $18,747,905 |