Oblate School Of Theology
- Assets
- $58.2m
- Revenue
- $7.2m
- Investments
- $43.1k
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 01/2015
- Data as of
- 06/2023
- EIN
- 74-1357323
Organization Overview
Oblate School Of Theology is located in San Antonio, TX. The organization was established in 2015. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oblate School Of Theology 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 06/2023, Oblate School Of Theology generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $8.8m during the year ending 06/2023. While expenses have increased by 1.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, FORM, AND RENEW MEN AND WOMEN TO "PREACH THE GOSPEL TO THE MOST ABANDONED."
Describe the Organization's Program Activity:
Part 3 - Line 4a
OBLATE SCHOOL OF THEOLOGY (OST) IS AN ACCREDITED CATHOLIC SCHOOL OF THEOLOGY OFFERING GRADUATE LEVEL PROGRAMS IN THEOLOGY, PASTORAL MINISTRY AND DIVINITY, A DOCTORAL PROGRAM IN MINISTRY, AND A PHD PROGRAM IN SPIRITUALITY. OST PREPARES MEN FOR PRIESTHOOD FROM MANY DIOCESES AND RELIGIOUS COMMUNITIES ACROSS THE UNITED STATES AND ABROAD. OST ALSO PREPARES MEN AND WOMEN,RELIGIOUS AS WELL AS LAITY, FROM CATHOLIC AND OTHER CHRISTIAN TRADITIONS FOR A VARIETY OF MINISTRIES. DURING FISCAL YEAR 2023 OST PROVIDED EDUCATIONAL SERVICES FOR APPROXIMATELY 202 STUDENTS IN DEGREE PROGRAMS, 207 STUDENTS IN CERTIFICATE PROGRAMS, AND APPROXIMATELY 4,400 PARTICIPANTS AT 44 CONTINUING EDUCATION EVENTS. OST ISSUED DEGREES TO 34 STUDENTS IN MASTERS PROGRAMS, 3 DOCTORAL PROGRAM STUDENTS, 3 PHD STUDENTS, AND 93 STUDENTS IN VARIOUS CERTIFICATE PROGRAMS.
THE MINISTRY TO MINISTERS (MTM) PROGRAM OFFERS ACTIVE MINISTERS A FOUR MONTH PROGRAM OF RENEWAL ADDRESSING THE NEEDS OF BODY, MIND AND SPIRIT. THE MTM PROGRAM IS OFFERED TWICE A YEAR. PARTICIPANTS IN THIS PROGRAM ARE HOUSED IN A FACILITY THAT ACCOMMODATES UP TO 25 PEOPLE AT A TIME. DURING FISCAL YEAR 2023 THE PROGRAM HOSTED 38 PARTICIPANTS AND PROVIDED THEM WITH ROOM AND BOARD, MINI-COURSES AND WORKSHOPS FOCUSED ON THEOLOGICAL UPDATING AND RENEWAL, AS WELL AS TOPICS ON INTEGRATIVE SPIRITUALITY.
THE OBLATE RENEWAL CENTER (ORC) IS A FACILITY FOR RELIGIOUS CONFERENCES, WORKSHOPS, RETREATS, AND SPIRITUAL COUNSELING. THE FACILITIES INCLUDE 3 CONFERENCE ROOMS, SEVERAL SMALLER BREAKOUT ROOMS, LIBRARY, CLASSROOMS AND 60 GUEST ROOMS WITH PRIVATE BATHS. DURING FISCAL YEAR 2023, THE ORC HELD APPROXIMATELY 61 EVENTS RELATED TO RELIGIOUS AND SPIRITUAL CONFERENCES, WORKSHOPS, AND RETREATS AND SERVED AND ACCOMMODATED APPROXIMATELY 11,146 GUESTS DURING THESE EVENTS. ADDITIONALLY, THE ORC RECEIVED $398,000 OF DONATED USE OF FACILITIES WHICH ARE NOT INCLUDED IN THE REVENUE AND EXPENSE REPORTED IN PART III.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Very Rev Louis Studer Omi Chairman | OfficerTrustee | 5 | $0 |
Rev Arthur Flores Omi Vice Chair | OfficerTrustee | 5 | $0 |
Rev Jim Chambers Omi Sec/treasurer | OfficerTrustee | 5 | $0 |
Mr Richard Acosta Trustee | Trustee | 5 | $0 |
Mr Steve Avery Trustee | Trustee | 5 | $0 |
Dr Lorraine Barnes Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iron Clad Roofing & Renovation Roofing | 6/29/17 | $566,111 |
Street Fund Llc Fundraising Consult | 6/29/17 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $694 |
| Related organizations | $996,776 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,155,231 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,152,701 |
| Total Program Service Revenue | $3,666,961 |
| Investment income | $20,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $308,328 |
| Net Gain/Loss on Asset Sales | $3,009 |
| Net Income from Fundraising Events | -$2,575 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,163,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,545 |
| Grants and other assistance to domestic individuals. | $697,727 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $122 |
| Fees for services: Accounting | $53,539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $170,378 |
| Advertising and promotion | $106,598 |
| Office expenses | $445,050 |
| Information technology | $141,765 |
| Royalties | $0 |
| Occupancy | $712,929 |
| Travel | $93,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $106,860 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $647,490 |
| Insurance | $126,282 |
| All other expenses | $70,613 |
| Total functional expenses | $8,772,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $517,491 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,032,558 |
| Accounts receivable, net | $257,962 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,921 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $127,752 |
| Net Land, buildings, and equipment | $15,266,350 |
| Investments—publicly traded securities | $105,874 |
| Investments—other securities | $43,141 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,827,229 |
| Total assets | $58,198,278 |
| Accounts payable and accrued expenses | $331,435 |
| Grants payable | $0 |
| Deferred revenue | $278,283 |
| 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 | $3,175,962 |
| Other liabilities | $0 |
| Total liabilities | $3,785,680 |
| Net assets without donor restrictions | $11,805,053 |
| Net assets with donor restrictions | $42,607,545 |
| 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 | $58,198,278 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oblate School Of Theology San Antonio, TX | $58,198,278 | $7,163,601 |
Phillips Theological Seminary Corporation Tulsa, OK | $140,655,779 | $11,053,065 |
Messenger College Inc Euless, TX | $2,769,236 | $751,330 |
South Houston Bible Institute Houston, TX | $1,165,451 | $172,756 |
Southwestern Baptist Theological Seminary Mary Hardin-Baylor Tr 137 Dallas, TX | $1,081,756 | $40,276 |
William Forsythe Tr Fbo Bangor Theological Seminary Dallas, TX | $370,792 | $13,869 |