Grace School Of Theology
- Assets
- $2.0m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 74
- Location
- The Woodlands, TX
- Founding
- 04/2002
- Data as of
- 06/2022
- EIN
- 76-0690847
Organization Overview
Grace School Of Theology is located in The Woodlands, TX. The organization was established in 2002. 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, Grace School Of Theology employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace 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 06/2022, Grace School Of Theology generated $6.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $6.1m during the year ending 06/2022. While expenses have increased by 6.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP SPIRITUAL LEADERS IN EVERY NATION WHO CAN TEACH OTHERS ABOUT THE LOVE OF CHRIST, A LOVE THAT CANNOT BE EARNED AND CANNOT BE LOST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION (CHRISTIAN): WE OFFER SEVERAL DIFFERENT PROGRAMS IN BIBLE THEOLOGY AND CHRISTIAN MINISTRY: ATTENDED BY APPROXIMATELY 830 STUDENTS IN THE U.S. AND INTERNATIONALLY. WE OFFER UNDERGRADUATE, GRADUATE, AND DOCTORAL DEGREE PROGRAMS AND CERTIFICATE PROGRAMS INCLUDING: COURSES AND/OR CONCENTRATION IN BIBLE EXPOSITION, THEOLOGY, AND CHRISTIAN MINISTRY SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Anderson Trustee/pres | OfficerTrustee | 40 | $169,025 |
Fred Chay Manager | 40 | $106,992 | |
Daniel Labry Vp-Adv & Ope | Officer | 40 | $107,657 |
Mark Albers Vice Chair/t | OfficerTrustee | 1 | $0 |
Glenn Darby Chairman/tru | OfficerTrustee | 1 | $0 |
Tim Dunn Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,572,560 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,572,560 |
| Total Program Service Revenue | $2,585,600 |
| Investment income | -$295 |
| 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 | $6,167,472 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,761,382 |
| Grants and other assistance to Foreign Orgs/Individuals | $490,195 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $370,419 |
| Compensation of current officers, directors, key employees. | $59,678 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,974,294 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $404,586 |
| 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 | $78,306 |
| Advertising and promotion | $24,211 |
| Office expenses | $9,789 |
| Information technology | $374,359 |
| Royalties | $0 |
| Occupancy | $336,139 |
| Travel | $72,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,767 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,218 |
| Insurance | $11,279 |
| All other expenses | $135,085 |
| Total functional expenses | $6,097,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $560,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $300,000 |
| Accounts receivable, net | $67,415 |
| 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 | $215,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $818,187 |
| Total assets | $1,962,026 |
| Accounts payable and accrued expenses | $34,979 |
| Grants payable | $0 |
| Deferred revenue | $51,067 |
| 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 | $194,977 |
| Other liabilities | $687,210 |
| Total liabilities | $968,233 |
| Net assets without donor restrictions | $993,793 |
| Net assets with donor restrictions | $0 |
| 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 | $1,962,026 |