Interdenominational Theological Center Inc
- Assets
- $16.4m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 133
- Location
- Atlanta, GA
- Founding
- 05/1975
- Data as of
- 06/2022
- EIN
- 58-0814544
Organization Overview
Interdenominational Theological Center Inc is located in Atlanta, GA. The organization was established in 1975. 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, Interdenominational Theological Center Inc employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interdenominational Theological Center Inc 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 06/2022, Interdenominational Theological Center Inc generated $10.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $9.8m during the year ending 06/2022. While expenses have increased by 0.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INTERDENOMINATIONAL THEOLOGICAL CENTER ITC IS A CONSORTIUM OF DENOMINATIONAL SEMINARIES WHOSE MISSION IS TO EDUCATE CHRISTIAN LEADERS FOR MINISTRY AND SERVICE IN THE CHURCH AND THE GLOBAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL, PUBLIC SERVICE AND RESEARCH - THE MISSION OF ITC IS TO CULTIVATE LEADERS WHO COMMIT TO PRACTICE JUSTICE AND PEACE THROUGH LIBERATING AND TRANSFORMATIVE SPIRITUALITY. THE FACULTY AND ADMINISTRATION CREATE A SPIRITUAL ENVIRONMENT IN WHICH CRITICAL THINKING, INVESTIGATION, REFLECTION, EVALUATION, COMMUNICATION, DECISION-MAKING, AND RESPONSIBLE ACTION ARE FOSTERED. THEY CHALLENGE ALL STUDENTS TO BECOME INVOLVED IN THE PROBLEMS THAT AFFECT THE HUMAN SPIRIT TO BECOME ACTIVE ON BEHALF OF THE ACADEMIC COMMUNITY AND COMMUNITY BEYOND THE CAMPUS TO DEVELOP AN APPRECIATION FOR THE DISCIPLINES THAT CONTRIBUTE TO THEOLOGICAL RESOURCES IN AN ETHICALLY RESPONSIBLE FASHION AND TO MAINTAIN CONTINUOUS DEVELOPMENT OF THE INTELLECT, SPIRIT, AND SKILLS REQUIRED FOR SPIRITUAL GROWTH.
AUXILIARY ENTERPRISES - ITC IS AN INDEPENDENT, COEDUCATIONAL GRADUATE SHOOL OF THEOLOGY. FOUNDED IN 1958, THE INTERDENOMINATIONAL THEOLOGICAL CENTER ITC IS AN ECUMENICAL HISTORICALLY BLACK THEOLOGICAL INSTITUTION. AT ITS FOUNDING, KEY RELIGIOUS AND COMMUNITY LEADERS RECOGNIZED THAT THE BLACK CHURCH REQUIRED LEADERS WHO WERE BOTH ENGAGED IN THE SOCIAL REALITIES OF THE COMMUNITIES THEY SERVED IMPACTED BY RACISM, JIM CROW LEGALIZED SEGREGATION AND, THE HISTORICAL LOCATION OF THE AFRICAN AMERICAN CHURCH AS THE EPICENTER OF HOPE AND RESTORATION FOR THOSE DIRECTLY AFFECTED BY THESE SOCIAL REALITIES. THE ROBERT W. WOODRUFF LIBRARY SUPPORTS THE TEACHING AND LEARNING MISSION OF THE ITC.
ACADEMIC SUPPORT - ITC IS DEDICATED TO PRODUCING PUBLIC THEOLOGIANS, MEN AND WOMEN WHO ARE INTELLECTUALLY KEEN, POLITICALLY SOPHISTICATED, ECONOMICALLY SAVVY, CULTURALLY SENSITIVE, FAMILY FRIENDLY, TECHNOLOGICALLY LITERATE, AND SPIRITUALLY ASTUTE. A KEY ROLE OF THESE PUBLIC THEOLOGIANS IS TO SERVE AS LIASIONS FACILITATORS OF NEW ALLIANCES BETWEEN AMERICAS CHURCHES AND OTHER NONPROFIT ORGANIZATIONS, CORPORATIONS, FOUNDATIONS AND GOVERNMENT ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Matthew Williams President | Officer | 37 | $190,000 |
Christina Alexis Vice President Of Institutional Advancement | Officer | 37 | $165,000 |
Reginaldo Braga Jr Vice President Of Academic Student Affairs | Officer | 37 | $86,000 |
Paula Scotman Cfo/vice President Of Business And Financial Service | Officer | 37 | $72,917 |
Bishop Adam J Richardson Jr Trustee | Trustee | 1 | $0 |
Rep Roger Bruce Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert W Woodruff Library - Atlanta Univ Auc Consortium Reimbursement | 6/29/20 | $472,905 |
Ellucian Company Lp Information Technology | 6/29/20 | $131,403 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,382 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,119,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,288,101 |
| Total Program Service Revenue | $5,141,205 |
| Investment income | $302,421 |
| 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 | $10,752,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $504,647 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $513,917 |
| Compensation of current officers, directors, key employees. | $513,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $60,734 |
| Total functional expenses | $9,787,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,922,639 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $716,995 |
| 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 | $4,542,664 |
| Investments—publicly traded securities | $6,237,953 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,540 |
| Total assets | $16,432,791 |
| Accounts payable and accrued expenses | $150,049 |
| Grants payable | $180,870 |
| 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 | $5,018,161 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $579,076 |
| Total liabilities | $5,928,156 |
| Net assets without donor restrictions | -$142,810 |
| Net assets with donor restrictions | $10,647,445 |
| 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 | $16,432,791 |