United Theological Seminary Of The Twin Cities
- Assets
- $12.8m
- Revenue
- $6.2m
- Investments
- $29.9k
- Employees
- 57
- Location
- St Paul, MN
- Founding
- 06/2016
- Data as of
- 06/2022
- 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 06/2022, United Theological Seminary Of The Twin Cities employed 57 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 06/2022, United Theological Seminary Of The Twin Cities generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. 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
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 THEOLOGICALLY ADVENTUROUS SEMINARY OFFERING 4 DEGREE PROGRAMS THROUGH 20 PLUS DENOMINATIONS AND WORLD FAITH TRADITIONS. UNITED IS EQUIPPING LEADERS TO MAKE REAL, LASTING CHANGE IN THE WORLD, WHETHER YOUR VOCATION IS IN FAITH LEADERSHIP, NON-PROFIT LEADERSHIP, ACADEMIA, THE ARTS, ACTIVISM, OR SOCIAL ENTREPRENEURSHIP. FOUNDED AS A WELCOMING, ECUMENICAL SCHOOL THAT EMBRACES ALL DENOMINATIONS AND FAITH TRADITIONS, UNITED HAS BEEN ON THE CUTTING EDGE OF PROGRESSIVE THEOLOGICAL THOUGHT LEADERSHIP SINCE IT WAS ESTABLISHED IN 1962. TODAY, UNITED CONTINUES TO TRAIN LEADERS WHO DISMANTLE SYSTEMS OF OPPRESSION, EXPLORE MULTIFAITH SPIRITUALITY, AND PUSH THE BOUNDARIES OF KNOWLEDGE. UNITED'S MAIN PROGRAM SERVICES ARE: TRADITIONAL PATH TO MINISTRY AND CHAPLAINCY, LEADERSHIP FOR SOCIAL TRANSFORMATION, ONGOING SUPPORT FOR CHURCH AND SECULAR LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Marshall Interim President | Officer | 40 | $141,000 |
Jeff Swenson Vice President Finance | Officer | 32 | $60,903 |
David Anderson Chair | OfficerTrustee | 1 | $0 |
Stacey Smith Vice Chair | OfficerTrustee | 1 | $0 |
John Lundquist Treasurer | OfficerTrustee | 1 | $0 |
William Hart Secretary | OfficerTrustee | 40 | $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 | $3,468,036 |
| Noncash contributions included in lines 1a–1f | $982,309 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,468,036 |
| Total Program Service Revenue | $2,157,220 |
| Investment income | $253,864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $353,210 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,235,932 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $752,169 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $295,296 |
| Compensation of current officers, directors, key employees. | $177,223 |
| Compensation to disqualified persons | $1,756,159 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $98,044 |
| Other employee benefits | $118,780 |
| Payroll taxes | $95,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,642 |
| Fees for services: Accounting | $92,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,671 |
| Fees for services: Other | $222,224 |
| Advertising and promotion | $44,814 |
| Office expenses | $106,471 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $693,656 |
| Travel | $8,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,945 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,610 |
| Insurance | $9,379 |
| All other expenses | $255,839 |
| Total functional expenses | $4,801,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,938 |
| Savings and temporary cash investments | $21,222 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $156,053 |
| 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 | $62,878 |
| Net Land, buildings, and equipment | $1,077,526 |
| Investments—publicly traded securities | $7,617,598 |
| Investments—other securities | $29,850 |
| Investments—program-related | $88,192 |
| Intangible assets | $0 |
| Other assets | $3,311,626 |
| Total assets | $12,813,883 |
| Accounts payable and accrued expenses | $243,430 |
| Grants payable | $0 |
| Deferred revenue | $245,049 |
| 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 | $165,277 |
| Total liabilities | $653,756 |
| Net assets without donor restrictions | $2,580,158 |
| Net assets with donor restrictions | $9,579,969 |
| 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 | $12,813,883 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that United Theological Seminary Of The Twin Cities has recieved totaling $1,427,255.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $1,000,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: EDUCATION | $207,245 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $93,510 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $50,000 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA PURPOSE: TO HELP WITH THE COSTS OF SCHOLARSHIPS FOR SEMINARY STUDENTS | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $36,500 |
Endowment Analysis
| Beg. Balance | $8,081,896 |
| Earnings | -$1,092,915 |
| Net Contributions | $1,055,148 |
| Other Expense | $504,429 |
| Grants | $256,790 |
| Ending Balance | $7,282,910 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Krell Institute Inc Ames, IA | $2,185,280 | $14,305,955 |
Duluth Graduate Medical Education Council Inc Duluth, MN | $4,803,601 | $7,733,024 |
High School For Recording Arts St Paul, MN | $4,751,970 | $7,549,848 |
Iowa Medical Education Collaborative Des Moines, IA | $0 | $4,983,705 |
United Theological Seminary Of The Twin Cities St Paul, MN | $12,813,883 | $6,235,932 |
Oak Hills Fellowship Inc Bemidji, MN | $7,589,446 | $4,230,819 |
Free Lutheran Theological Seminary Corporation Minneapolis, MN | $16,562,227 | $4,596,740 |
Adler Graduate School Minnetonka, MN | $7,469,948 | $4,565,332 |
Graduate School Of Banking Inc Madison, WI | $1,229,337 | $3,378,911 |
Unitypoint Broadlawns Psychiatry Education Foundation Des Moines, IA | $10,000 | $1,745,792 |
Central Baptist Theological Seminary Plymouth, MN | $4,705,041 | $1,539,130 |
Wildlife Science Center Stacy, MN | $2,424,558 | $1,415,392 |