Exalting Christ In Honduras Inc
- Assets
- $3.1m
- Revenue
- $909.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Seffner, FL
- Founding
- 02/2013
- Data as of
- 12/2023
- EIN
- 45-4720890
Organization Overview
Exalting Christ In Honduras Inc, operating under the name Exalting Christ GlobalThe Seminary for Expository Preaching, is located in Seffner, FL. The organization was established in 2013. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exalting Christ GlobalThe Seminary for Expository Preaching 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 12/2023, Exalting Christ GlobalThe Seminary for Expository Preaching generated $909.5k 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 (14.1%) each year. All expenses for the organization totaled $913.0k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MISSION IS TO GIVE THE PASTORS AND KEY LAY LEADERS OF HONDURAS AND THE REST OF THE SPANISH SPEAKING WORLD, THE TOOLS AND SKILLS NECESSARY TO ACCURATELY INTERPRET, EXPLAIN AND APPLY THE BIBLICAL TEXT IN ORDER THAT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES BOTH ONLINE AND REGIONAL IN-PERSON SCHOOLS CALLED THE SEMINARY FOR EXPOSITORY PREACHING. THE SCHOOLS OFFER AN INTENSE LEVEL OF EDUCATION TO PASTORS AND KEY LAY LEADERS WHO DESIRE TO FURTHER DEVELOP THEIR SKILLS IN PRECISELY INTERPRETING, EXPLAINING AND APPLYING THE BIBLICAL TEXT. ALL COURSE OFFERINGS MEET ACCREDITED CONTACT HOUR EXPECTATIONS ON A SEMESTERLY BASIS. THE CURRICULUM CONSISTS OF COURSES SUCH AS SPANISH GRAMMAR AND OBSERVATION, HERMENEUTICS, EXPOSITORY PREACHING, GREEK GRAMMAR, HEBREW GRAMMAR, GREEK EXEGESIS, HEBREW EXEGESIS, EXEGIS OF NEW TESTAMENT BOOKS, EXEGESIS OF OLD TESTAMENT BOOKS, BIBLICAL INTRODUCTION AND SELECTED COURSES IN PRACTICAL AND SYSTEMATIC THEOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrian Donato Chairman/executive Director | OfficerTrustee | 40 | $156,875 |
Joe Swarengin Treasurer | OfficerTrustee | 1 | $0 |
John Eicholz Secretary | OfficerTrustee | 1 | $0 |
Ken Fuller Director | OfficerTrustee | 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 | $905,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $905,835 |
| Total Program Service Revenue | $3,665 |
| Investment income | $0 |
| 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 | $909,500 |
| 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 | $459,223 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $159,901 |
| Compensation of current officers, directors, key employees. | $31,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,157 |
| Fees for services: Accounting | $17,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,842 |
| Advertising and promotion | $38,545 |
| Office expenses | $6,252 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,725 |
| 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 | $42,101 |
| Insurance | $2,676 |
| All other expenses | $0 |
| Total functional expenses | $913,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,323 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,578,464 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,082,787 |
| Accounts payable and accrued expenses | $197,325 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $197,325 |
| Net assets without donor restrictions | $2,885,462 |
| Net assets with donor restrictions | $0 |
| 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 | $3,082,787 |