Association Of Theological Schools
- Assets
- $68.6m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 31
- Location
- Pittsburgh, PA
- Founding
- 03/2005
- Data as of
- 06/2024
- EIN
- 56-2476876
Organization Overview
Association Of Theological Schools is located in Pittsburgh, PA. The organization was established in 2005. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2024, Association Of Theological Schools employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Theological Schools 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, Association Of Theological Schools generated $6.2m 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 (11.9%) each year. All expenses for the organization totaled $7.9m 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
THE MISSION OF THE ASSOCIATION IS TO PROMOTE THE IMPROVEMENT AND ENHANCEMENT OF THEOLOGICAL SCHOOLS IN THE UNITED STATES AND CANADA FOR THE BENEFIT OF COMMUNITIES OF FAITH AND THE BROADER PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP EDUCATION FOR THEOLOGICAL EDUCATORS - THE PURPOSE OF THIS PROGRAM IS TO IMPROVE THEOLOGICAL SCHOOLS BY ENHANCING THE SKILLS OF THEIR LEADERS. THROUGH A PROGRAM OF TARGETED EVENTS, THE PROGRAM REACHES ADMINISTRATIVE LEADERS AND FACULTY IN A RANGE OF ADMINISTRATIVE FUNCTIONS AND EXPERIENCE LEVELS. THE PROGRAM SERVES THE ADMINISTRATORS AND FACULTY OF 270+ MEMBER SCHOOLS OF THE ASSOCIATION. THE PROGRAM IS FUNDED BY TUITION AND FEES FROM PARTICIPANTS AND A FOUNDATION GRANT.
THE ASSOCIATION PROVIDED OTHER PROGRAMMING FOR ISSUES AND INITIATIVES THAT IMPACT THEOLOGICAL EDUCATION, RESEARCH ON INSTITUTIONAL VIABILITY WITHIN ITS SCHOOLS, AND PROMOTING ENGAGING RESEARCH ON RELEVANT TOPICS FOR THE INDUSTRY. THE ASSOCIATION PERFORMS DATA COLLECT AND ANALYSIS FOR NORTH AMERICAN THEOLOGICAL EDUCATION. THE ASSOCIATION ENGAGES AND COMMUNICATED TO THE MEMBERSHIP AND BROADER PUBLIC ABOUT ALL THAT IT IS LEARNING. THE ASSOCIATION PROVIDES SERVICES TO THE COMMISSION ON ACCREDITING OF THE ASSOCIATION OF THEOLOGICAL SCHOOLS.
ORGANIZATIONAL & EDUCATIONAL MODELS AND PRACTICES - THE PROJECT SEEKS TO ENGAGE ATS MEMBER SCHOOLS IN ASSESSING CURRENT AND DEVELOPING EDUCATIONAL MODALS AND PRACTICES OF THEOLOGICAL EDUCATION, IDENTIFYING THE MOST PROMISING ASPECTS OF THESE MODELS FOR THE EDUCATION AND FORMATION OF THEOLOGICAL LEADERS, AND ESTABLISHING THE NORMATIVE ACCEPTANCE OF THESE MODELS IN THE WORK OF THE ASSOCIATION AND ITS RELATED ATS COMMISSION ON ACCREDITING. THE PROJECT IS FUNDED SOLELY BY A FOUNDATION GRANT.
PATHWAYS FOR TOMORROW COORDINATION: THIS PROJECT SEEKS TO COORDINATE THE LEARNING AMONG THE MORE THAN 100 MEMBER SCHOOLS THAT RECEIVED A GRANT FROM A NATIONAL FOUNDATION TO CONSIDER THE PATHWAYS FOR THE FUTURE OF THEIR MISSIONS AND THOSE THEY SERVE. THIS PROJECT WAS FULLY GRANT FUNDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Yamada Executive Director | Officer | 40 | $287,150 |
Chris Meinzer Assistant Treasurer & COO | Officer | 40 | $196,722 |
Stephen Graham Strategic Director Of Context & Continuity | 40 | $165,222 | |
Barbara Mutch Senior Director Of Accreditation | 40 | $173,400 | |
Lester Ruiz Director Of Accreditation & Global Engagement | 40 | $150,322 | |
Chris Olsztyn Director Of Technology | 40 | $140,062 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $440,193 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,288,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,728,193 |
| Total Program Service Revenue | $1,564,718 |
| Investment income | $1,451,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,493,152 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,246,678 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $483,872 |
| Compensation of current officers, directors, key employees. | $44,617 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,715,219 |
| Pension plan accruals and contributions | $313,260 |
| Other employee benefits | $537,411 |
| Payroll taxes | $217,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,481 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $417,640 |
| Advertising and promotion | $0 |
| Office expenses | $16,363 |
| Information technology | $251,659 |
| Royalties | $0 |
| Occupancy | $119,945 |
| Travel | $53,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,537,738 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,538 |
| Insurance | $57,383 |
| All other expenses | $0 |
| Total functional expenses | $7,879,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $924,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $280,598 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $288,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $591,931 |
| Investments—publicly traded securities | $66,560,073 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,645,238 |
| Accounts payable and accrued expenses | $367,807 |
| 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 | $367,807 |
| Net assets without donor restrictions | $34,603,208 |
| Net assets with donor restrictions | $33,674,223 |
| 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 | $68,645,238 |