Baptist Seminary Of Kentucky
- Assets
- $3.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Georgetown, KY
- Founding
- 08/2000
- Data as of
- 07/2021
- EIN
- 61-1312812
Organization Overview
Baptist Seminary Of Kentucky is located in Georgetown, KY. The organization was established in 2000. 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 07/2021, Baptist Seminary Of Kentucky employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Seminary Of Kentucky 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 07/2021, Baptist Seminary Of Kentucky generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.2m during the year ending 07/2021. While expenses have increased by 2.5% 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
THE BAPTIST SEMINARY OF KENTUCKY PROVIDES CHRISTIAN THEOLOGICAL EDUCATION COMMITTED TO SPIRITUAL DEPTH, INTELLECTUAL HONESTY AND MORAL INTEGRITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL TRAINING PROVIDED FOR STUDENTS ENROLLED IN MASTER OF DIVINITY PROGRAM.FALL ENROLLMENT 35 STUDENTS SPRING ENROLLMENT 32 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Cassady President | OfficerTrustee | 40 | $70,208 |
Joan Fowler Trustee | OfficerTrustee | 2 | $0 |
Ann Mcmahan Trustee | OfficerTrustee | 2 | $0 |
Micah Spicer Secretary | OfficerTrustee | 2 | $0 |
Melody Chaney Trustee | Trustee | 1 | $0 |
Reba Cobb Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,574 |
| All other contributions, gifts, grants, and similar amounts not included above | $695,481 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $811,055 |
| Total Program Service Revenue | $145,023 |
| Investment income | $42,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $246,562 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,246,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $83,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,208 |
| Compensation of current officers, directors, key employees. | $52,656 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $658,136 |
| Pension plan accruals and contributions | $35,722 |
| Other employee benefits | $9,904 |
| Payroll taxes | $32,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,319 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $38,846 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,667 |
| Travel | $759 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,737 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,901 |
| Insurance | $7,233 |
| All other expenses | $13,590 |
| Total functional expenses | $1,154,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,185 |
| Savings and temporary cash investments | $526,355 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,780 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $348 |
| Prepaid expenses and deferred charges | $12,140 |
| Net Land, buildings, and equipment | $115,950 |
| Investments—publicly traded securities | $2,519,823 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,295,581 |
| Accounts payable and accrued expenses | $20,717 |
| 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 | $425,608 |
| Other liabilities | $1,198 |
| Total liabilities | $447,523 |
| Net assets without donor restrictions | $108,933 |
| Net assets with donor restrictions | $2,739,125 |
| 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 | $3,295,581 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Baptist Seminary Of Kentucky has recieved totaling $5,400.
| Awarding Organization | Amount |
|---|---|
Mccall Foundation Prpsoect, KY PURPOSE: RACIAL INCLUSION IN THEOLOGICAL EDUCATION. | $5,400 |
Endowment Analysis
| Beg. Balance | $1,866,504 |
| Earnings | $440,764 |
| Admin Expense | $10,289 |
| Net Contributions | $180,377 |
| Other Expense | $4,568 |
| Grants | $83,950 |
| Ending Balance | $2,388,838 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Memorial College Of Health Sciences Inc Memphis, TN | $55,747,053 | $20,446,298 |
Toyota Technological Institute At Chicago Chicago, IL | $302,171,047 | $22,569,767 |
National Center For Teacher Residencies Inc Chicago, IL | $5,406,714 | $10,603,548 |
West Virginia School Of Osteopathic Medicine Clinic Inc Lewisburg, WV | $1,527,498 | $9,302,119 |
Lake Forest Graduate School Of Management Lake Forest, IL | $18,989,576 | $9,582,836 |
Good Samaritan College Of Nursing And Health Science Cincinnati, OH | $6,845,010 | $5,407,521 |
Methodist Theological School In Ohio Delaware, OH | $73,405,314 | $12,096,173 |
Aileron Corp Tipp City, OH | $4,807,559 | $7,299,167 |
Middle Tennessee School Of Anesthesia Inc Madison, TN | $22,533,334 | $7,937,391 |
Johnson University Knoxville, TN | $1,750,926 | $5,010,332 |
Mid-America Baptist Theological Seminary Cordova, TN | $25,540,580 | $5,422,482 |
Harry S Truman Library Institute For National & International Affai Kansas City, MO | $16,879,903 | $3,123,926 |