Eden Theological Seminary
- Assets
- $30.1m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 71
- Location
- Webster Groves, MO
- Founding
- 11/1969
- Data as of
- 06/2021
- EIN
- 43-0654855
Organization Overview
Eden Theological Seminary is located in Webster Groves, MO. The organization was established in 1969. As of 06/2021, Eden Theological Seminary employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eden 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, Eden Theological Seminary generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $4.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDEN THEOLOGICAL SEMINARY IS CALLED TO STRENGTHEN THE LIFE OF THE CHURCH BY EDUCATING WOMEN AND MEN FOR MINISTRY, ENLIVENING CRITICAL REFLECTION ON FAITH AND SUPPORTING BOLD CHRISTIAN DICIPLESHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDEN SEMINARY HAD 77 STUDENTS IN OUR MASTER OF DIVINITY PROGRAM, 5 INOUR MASTER OF ARTS IN PROFESSIONAL STUDIES PROGRAM, 5 IN OUR MASTER OFTHEOLOGICAL STUDIES PROGRAM, AND 35 IN OUR DOCTOR OF MINISTRY DEGREEPROGRAM. OUR GRADUATING CLASS THIS YEAR INCLUDED 24 INDIVIDUALSEARNING A MASTER OF DIVINITY DEGREE, 2 EARNING A MASTER OF ARTS INPROFESSIONAL STUDIES DEGREE, 3 EARNING A MASTER OF THEOLOGICAL STUDIESDEGREE, AND 3 EARNING A DOCTOR OF MINISTRY DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Deborah Krause President | Officer | 40 | $68,300 |
David Luckes Vice Chair | OfficerTrustee | 1 | $0 |
Susan Nell Rowe Board Chair | OfficerTrustee | 1 | $0 |
Darlene Sowell Secretary | OfficerTrustee | 1 | $0 |
Paul Brady Treasurer | OfficerTrustee | 1 | $0 |
Dr Thomas K Tiemann Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Boiler Products And Services | 6/29/19 | $559,288 |
Webster University Facilties, Technology, Finance Services | 6/29/19 | $293,833 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $883,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $874,722 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,758,272 |
| Total Program Service Revenue | $1,017,281 |
| Investment income | $705,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $303,351 |
| Net Gain/Loss on Asset Sales | $16,559 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,855 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,814,121 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $105,433 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,500 |
| Compensation of current officers, directors, key employees. | $127,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,869,010 |
| Pension plan accruals and contributions | $163,008 |
| Other employee benefits | $288,445 |
| Payroll taxes | $81,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $650 |
| Fees for services: Accounting | $142,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,786 |
| Fees for services: Other | $235,851 |
| Advertising and promotion | $0 |
| Office expenses | $22,723 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $201,837 |
| Travel | $1,969 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,472 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $675,132 |
| Insurance | $114,200 |
| All other expenses | $34,485 |
| Total functional expenses | $4,579,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $316,398 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $368,148 |
| Accounts receivable, net | $110,633 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $120,095 |
| Prepaid expenses and deferred charges | $115,524 |
| Net Land, buildings, and equipment | $4,581,415 |
| Investments—publicly traded securities | $22,173,900 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,321,867 |
| Total assets | $30,107,980 |
| Accounts payable and accrued expenses | $134,205 |
| Grants payable | $0 |
| Deferred revenue | $175,267 |
| 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 | $590,959 |
| Other liabilities | $807,442 |
| Total liabilities | $1,707,873 |
| Net assets without donor restrictions | $1,446,931 |
| Net assets with donor restrictions | $26,953,176 |
| 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 | $30,107,980 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Eden Theological Seminary has recieved totaling $24,660.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $14,300 |
St Louis Community Foundation Incorporated St Louis, MO PURPOSE: EDUCATION | $10,360 |
Endowment Analysis
| Beg. Balance | $17,137,388 |
| Earnings | $4,767,160 |
| Net Contributions | $275,498 |
| Other Expense | $864,471 |
| Ending Balance | $21,315,575 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Christian University Inc Grayson, KY | $38,563,521 | $22,232,558 |
Phillips Theological Seminary Corporation Tulsa, OK | $139,965,847 | $9,611,504 |
Eden Theological Seminary Webster Groves, MO | $30,107,980 | $3,814,121 |
Tyndale Theological Seminary Inc Fka Tyndale International Mission Wheaton, IL | $1,567,873 | $1,350,538 |
Summit Christian College Gering, NE | $988,660 | $725,860 |
Biblical Theological Seminary Of Poland Memphis, TN | $166,177 | $553,180 |
Southland Bible Institute Ashland, KY | $1,425,293 | $374,267 |
Divinity School Asso Of The Univ Chicago Chicago, IL | $54,553 | $65,105 |
Friends Of The Department Of Religious Studies Lawrence, KS | $695,066 | $72,234 |