Greenville Presbyterian Theological Seminary
- Assets
- $2.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 16
- Location
- Taylors, SC
- Founding
- 02/1987
- Data as of
- 06/2021
- EIN
- 57-0833937
Organization Overview
Greenville Presbyterian Theological Seminary is located in Taylors, SC. The organization was established in 1987. 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 06/2021, Greenville Presbyterian Theological Seminary employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenville Presbyterian 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, Greenville Presbyterian Theological Seminary generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. While expenses have increased by 7.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
EQUIP MEN TO PREACH CHRIST THROUGH BIBLICAL LANGUAGE AND BIBLICAL THEOLOGY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEOLOGICAL AND EDUCATIONAL SERVICES FOR APPROXIMATELY 85 STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Pipa President Emeritus | Officer | 40 | $64,379 |
Jonathan Master President | Officer | 40 | $35,939 |
Fredric Marcinak III Chairman | OfficerTrustee | 1 | $0 |
Joseph Fowler Vice Chairman | OfficerTrustee | 1 | $0 |
James Higgins Treasurer | OfficerTrustee | 1 | $0 |
Mark T Bube Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,471 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,381,073 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,388,544 |
| Total Program Service Revenue | $432,987 |
| Investment income | $4,242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,075 |
| Net Gain/Loss on Asset Sales | $25,276 |
| Net Income from Fundraising Events | -$5,272 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,852,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $174,048 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $306,520 |
| Compensation of current officers, directors, key employees. | $17,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $736,963 |
| Pension plan accruals and contributions | $17,230 |
| Other employee benefits | $0 |
| Payroll taxes | $25,670 |
| Fees for services: Management | $14,040 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,432 |
| Fees for services: Other | $55,082 |
| Advertising and promotion | $88,632 |
| Office expenses | $49,202 |
| Information technology | $72,957 |
| Royalties | $0 |
| Occupancy | $90,644 |
| Travel | $31,094 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,530 |
| Interest | $928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,928 |
| Insurance | $7,565 |
| All other expenses | $18,998 |
| Total functional expenses | $1,805,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,478 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,887 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,620 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,014,080 |
| Investments—publicly traded securities | $283,991 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,684,056 |
| Accounts payable and accrued expenses | $24,993 |
| Grants payable | $0 |
| Deferred revenue | $26,074 |
| 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 | $51,067 |
| Net assets without donor restrictions | $2,347,998 |
| Net assets with donor restrictions | $284,991 |
| 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 | $2,684,056 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Greenville Presbyterian Theological Seminary has recieved totaling $305,280.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $241,500 |
Peaster Foundation Flora, MS PURPOSE: RELIGIOUS | $40,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $8,015 |
Hispanic Leadership Initiative El Paso, TX PURPOSE: Tuition assistance for student | $7,720 |
Servant Foundation Overland Park, KS PURPOSE: EDUCATION | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,045 |
Endowment Analysis
| Beg. Balance | $171,754 |
| Earnings | $43,831 |
| Net Contributions | $68,710 |
| Ending Balance | $284,295 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sherman College Of Straight Chiropractic Inc Spartanburg, SC | $45,133,899 | $16,948,617 |
Interdenominational Theological Center Inc Atlanta, GA | $16,432,791 | $10,752,474 |
Luther Rice University Inc Lithonia, GA | $7,749,300 | $4,580,851 |
Hood Theological Seminary Salisbury, NC | $17,605,409 | $4,185,310 |
Shepherds Theological Seminary Inc Cary, NC | $1,634,882 | $3,082,209 |
Watts College Of Nursing Inc Durham, NC | $19,579 | $1,750,259 |
Southern Evangelical Seminary Inc Charlotte, NC | $5,069,822 | $1,882,665 |
Greenville Presbyterian Theological Seminary Taylors, SC | $2,684,056 | $1,852,852 |
Heritage Bible College Savannah, GA | $1,470,682 | $1,484,140 |
Lake Norman Little League Inc Huntersville, NC | $143,066 | $408,180 |
Carolina Graduate University Inc Greensboro, NC | $243,690 | $138,153 |
W L Bonner Bible College Columbia, SC | $436,389 | $210,576 |