Phoenix Seminary Inc
- Assets
- $3.7m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 115
- Location
- Scottsdale, AZ
- Founding
- 09/1992
- Data as of
- 06/2023
- EIN
- 86-0711495
Organization Overview
Phoenix Seminary Inc is located in Scottsdale, AZ. The organization was established in 1992. 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 06/2023, Phoenix Seminary Inc employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix Seminary 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 06/2023, Phoenix Seminary Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $6.7m during the year ending 06/2023. While expenses have increased by 5.6% per year over the past 8 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
PHOENIX SEMINARY'S MISSION IS TO TRAIN MEN AND WOMEN FOR CHRIST-CENTERED MINISTRY FOR THE BUILDING OF HEALTHY CHURCHES IN PHOENIX AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHOENIX SEMINARY IS A PROTESTANT, EVANGELICAL SEMINARY THAT EXISTS TO TRAIN MEN AND WOMEN FOR CHRIST-CENTERED MINISTRY FOR THE BUILDING UP OF HEALTHY CHURCHES IN PHOENIX AND THE WORLD. WE EQUIP STUDENTS WITH THE NECESSARY TOOLS TO CARRY OUT THEIR GOD-GIVEN CALLING IN THE TRADITIONAL DISCIPLINES OF SEMINARY EDUCATION. FROM OUR CAMPUS IN THE PHOENIX METRO AREA, NATIONALLY RECOGNIZED, GRADUATE-LEVEL SEMINARY IN PHOENIX, ARIZONA, WE PROVIDE OUR STUDENTS WITH A WIDE AND DIVERSE RANGE OF OPPORTUNITIES TO GAIN PRACTICAL MINISTRY EXPERIENCE. IN FY23 WE HAD 362 STUDENTS ENROLLED AND 63 STUDENTS WHO GRADUATED. SINCE OPENING, WE HAVE TRAINED OVER 2,000 STUDENTS, REPRESENTING MORE THAN 25 EVANGELICAL DENOMINATIONS IN 47 STATES AND 12 COUNTRIES. (CONT'D ON SCH O)PHOENIX SEMINARY IS PROFESSIONALLY ACCREDITED BY THE ASSOCIATION OF THEOLOGICAL SCHOOLS IN THE UNITED STATES AND CANADA AND IS REGIONALLY ACCREDITED BY THE HIGHER LEARNING COMMISSION. THE MASTER OF ARTS IN COUNSELING IS LICENSED BY THE ARIZONA STATE BOARD FOR PRIVATE POST-SECONDARY EDUCATION.THE SEMINARY SPONSORED A CONFERENCE TO HELP LOCAL CHURCHES UNDERSTAND THE SACRED TRUTHS OF THE FAITH MORE DEEPLY THROUGH CONTINUING EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Ogan Chairman | OfficerTrustee | 1 | $0 |
David Dickerson Secretary | OfficerTrustee | 1 | $0 |
Daniel Schmaltz Treasurer (july - Oct) | OfficerTrustee | 1 | $0 |
Warren Stewart Sr Director (july- Feb) | Trustee | 1 | $0 |
Ken Beckemeyer Director | Trustee | 1 | $0 |
Brent Garrison Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hsl Cottonwood Rc Hotel Llc Hospitality | 6/29/23 | $112,311 |
American Philanthropic Fundraising Counsel | 6/29/23 | $161,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $159,880 |
| Related organizations | $879,222 |
| Government grants | $116,029 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,871,225 |
| Noncash contributions included in lines 1a–1f | $133,319 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,026,356 |
| Total Program Service Revenue | $1,878,164 |
| Investment income | $59,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,340 |
| Net Income from Fundraising Events | -$44,210 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,173 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,926,909 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $816,077 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $719,324 |
| Compensation of current officers, directors, key employees. | $245,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,471,838 |
| Pension plan accruals and contributions | $75,869 |
| Other employee benefits | $258,275 |
| Payroll taxes | $180,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,691 |
| Fees for services: Accounting | $27,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $141,810 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $312,562 |
| Advertising and promotion | $160,754 |
| Office expenses | $141,466 |
| Information technology | $469,748 |
| Royalties | $0 |
| Occupancy | $286,201 |
| Travel | $57,228 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,866 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,863 |
| Insurance | $0 |
| All other expenses | $78,209 |
| Total functional expenses | $6,670,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $953,064 |
| Savings and temporary cash investments | $1,608,466 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,422 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,508 |
| Prepaid expenses and deferred charges | $146,303 |
| Net Land, buildings, and equipment | $920,192 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,525 |
| Total assets | $3,660,480 |
| Accounts payable and accrued expenses | $305,154 |
| Grants payable | $0 |
| Deferred revenue | $71,891 |
| 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 | $4,701 |
| Total liabilities | $381,746 |
| Net assets without donor restrictions | $1,453,923 |
| Net assets with donor restrictions | $1,824,811 |
| 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 | $3,660,480 |