Gammon Theological Seminary
- Assets
- $14.4m
- Revenue
- $986.7k
- Investments
- $5.7m
- Employees
- 10
- Location
- Atlanta, GA
- Founding
- 04/1984
- Data as of
- 06/2022
- EIN
- 58-0622972
Organization Overview
Gammon Theological Seminary is located in Atlanta, GA. The organization was established in 1984. 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, Gammon Theological Seminary employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gammon 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF GAMMON THEOLOGICAL SEMINARY, A HISTORICALLY AFRICAN AMERICAN INSTITUTION, IN PARTNERSHIP WITH THE INTERDENOMINATIONAL THEOLOGICAL CENTER, IS TO RECRUIT, SUPPORT, AND EDUCATE FAITHFUL PASTORS AND LEADERS IN THEIR CALL TO MINISTRY IN THE CHURCH, COMMUNITY, AND THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1883 BY THE METHODIST EPISCOPAL CHURCH,WITH ASSISTANCE FROM THE FREEDMEN'S AID SOCIETY, GAMMON THEOLOGICAL SEMINARY IS ONE OF THE 13 THEOLOGICAL SCHOOLS OF THE UNITED METHODIST CHURCH. THE FACULTY AND ADMINISTRATION OF GAMMON/ITC CREATE AN ENVIRONMENT WHERE CRITICAL THINKING, INVESTIGATIVE REFLECTION, DECISION-MAKING AND RESPONSIBLE ACTION ARE FOSTERED.THE VISION OF GAMMON THEOLOGICAL SEMINARY IS TO EDUCATE AND EQUIP PERSONS, CALLED BY GOD, TO BECOME PROPHETIC LEADERS FOR THE MISSION OF MAKING DISCIPLES OF JESUS CHRIST FOR THE TRANSFORMATION OF THE WORLD. GAMMON'S HISTORIC COMMITMENT TO PRODUCING PUBLIC THEOLOGIANS - MEN AND WOMEN WHO ARE SPIRITUALLY ASTUTE, INTELLECTUALLY KEEN, POLITICALLY SOPHISTICATED, AND CULTURALLY SENSITIVE - IS ADVANCED WITH THE ESTABLISHMENT OF THE GAMMON CENTER FOR THE STUDY OF RELIGION AND RACE. THE CENTER ENABLES GAMMON TO EDUCATE AND MOBILIZE SEMINARIANS AND OTHERS TO CHALLENGE RACISM THROUGHOUT THE CHURCH AND AROUND THE WORLD. ADDITIONALLY, THE CENTER ENGAGES LEADERS OF ALL ETHNICITIES WHO DESIRE TO WORK AS PARTNERS IN DISMANTLING RACISM. THE CENTER HAS AT ITS CORE THREE MAJOR STRUCTURAL COMPONENTS:- DAMASCUS ROAD EXPERIENCE (ACADEMIC YEAR PROGRAM OPEN TO SEMINARIANS, CLERGY, AND LAY PERSONS- ENCOUNTERS (RETREAT STYLE SETTINGS CALLED SET FREE AND FIRE AND CLAY)- RACIAL JUSTICE INSTITUTE (A SUMMER RESIDENTIAL EXPERIENCE)GAMMON IS POSITIONED TO CONTINUE THE WORK OF DEVELOPING INCLUSIVE, MULTICULTURAL LEADERSHIP FOR THE CHURCH THAT IS REPRESENTATIVE OF AN INCREASINGLY GLOBAL AND URBANIZED SOCIETY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bishop L Jonathan Holston Chairperson | OfficerTrustee | 0 | $0 |
Thomas Rumph Jr Treasurer | OfficerTrustee | 0 | $0 |
Rev Maxine Allen Secretary | OfficerTrustee | 0 | $0 |
Rev Dr James Anyike Member | Trustee | 0 | $0 |
Rev Dr David Allen Member | Trustee | 0 | $0 |
Rev Maxine Bolden Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,552 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $823,781 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $833,333 |
| Total Program Service Revenue | $0 |
| Investment income | $151,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $76,485 |
| Net Gain/Loss on Asset Sales | -$99,411 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $986,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $203,764 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,250 |
| Compensation of current officers, directors, key employees. | $57,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $285,134 |
| Pension plan accruals and contributions | $37,153 |
| Other employee benefits | $21,020 |
| Payroll taxes | $23,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $96,402 |
| Fees for services: Other | $265,961 |
| Advertising and promotion | $65,957 |
| Office expenses | $49,931 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,112 |
| Travel | $37,712 |
| 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 | $150,000 |
| Depreciation, depletion, and amortization | $58,814 |
| Insurance | $0 |
| All other expenses | $91,127 |
| Total functional expenses | $1,541,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $27,670 |
| Accounts receivable, net | $109,141 |
| 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 | $17,930 |
| Net Land, buildings, and equipment | $2,413,187 |
| Investments—publicly traded securities | $335,278 |
| Investments—other securities | $5,696,749 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,484,749 |
| Total assets | $14,407,156 |
| Accounts payable and accrued expenses | $9,831 |
| 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 | $9,831 |
| Net assets without donor restrictions | $8,403,728 |
| Net assets with donor restrictions | $5,993,597 |
| 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 | $14,407,156 |