Fuller Theological Seminary
- Assets
- $304.8m
- Revenue
- $74.7m
- Investments
- $11.9m
- Employees
- 1,067
- Location
- Pasadena, CA
- Founding
- 06/1952
- Data as of
- 06/2021
- EIN
- 95-1699394
Organization Overview
Fuller Theological Seminary is located in Pasadena, CA. The organization was established in 1952. 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, Fuller Theological Seminary employed 1,067 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fuller Theological Seminary 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 06/2021, Fuller Theological Seminary generated $74.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $56.0m during the year ending 06/2021. 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
PROVIDES GRADUATE DEGREES IN THEOLOGY,PSYCHOLOGY,INTERCULTURAL STUDIES & OPERATES PSYCH CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL OF PSYCHOLOGY & MARRIAGE AND FAMILY THERAPY (SOPMFT) - 249 FULL TIME EQUIVALENT STUDENTSSCHOOL OF MISSION & THEOLOGY (SMT) - 781 FULL TIME EQUIVALENTS
TWO PSYCHOLOGICAL CENTERS - STUDENT TRAINEES PROVIDED COUNSELING SERVICES TO MEMBERS OF THE COMMUNITY.
AUXILIARY ENTERPRISE REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Labberton President/trustee | OfficerTrustee | 40 | $223,855 |
Daniel D Meyer Chair/trustee | OfficerTrustee | 0.1 | $0 |
Mary Vermeer Andringa Vice Chair/trustee | OfficerTrustee | 0.1 | $0 |
Wilma Jean Burch Secretary/trustee | OfficerTrustee | 0.1 | $0 |
Daniel L Villanueva Treasurer/trustee/chair Ops | OfficerTrustee | 0.1 | $0 |
Andrew H Crouch Trustee/chair Lfd | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Restoration Management Company Restoration Company | 6/29/22 | $210,226 |
Rogelio Sanchez Painting Contractor - Painting | 6/29/22 | $160,065 |
Athens Services Waste Removal | 6/29/22 | $132,032 |
Hassle Free Plumbing Contractor - Plumbing | 6/29/22 | $127,859 |
Formation Association Architecture Inc Consulting | 6/29/22 | $122,536 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,284,163 |
| Investment income | $390,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,402 |
| Net Rental Income | $144,193 |
| Net Gain/Loss on Asset Sales | $17,434,522 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,681,453 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $6,703,928 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,168,285 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,258,799 |
| Pension plan accruals and contributions | $499,415 |
| Other employee benefits | $3,900,668 |
| Payroll taxes | $1,875,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,254 |
| Fees for services: Accounting | $106,061 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,459 |
| Fees for services: Investment Management | $613,699 |
| Fees for services: Other | $4,793,655 |
| Advertising and promotion | $365,565 |
| Office expenses | $1,445,274 |
| Information technology | $764,922 |
| Royalties | $0 |
| Occupancy | $4,008,964 |
| Travel | $374,084 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,400,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,207,436 |
| Insurance | $412,112 |
| All other expenses | $0 |
| Total functional expenses | $56,005,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,152,517 |
| Savings and temporary cash investments | $2,557,796 |
| Pledges and grants receivable | $579,884 |
| Accounts receivable, net | $3,752,088 |
| Loans from Officers, Directors, or Controlling Persons | $501,551 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $306,480 |
| Inventories for sale or use | $48,562 |
| Prepaid expenses and deferred charges | $2,408,977 |
| Investments—publicly traded securities | $112,244,723 |
| Investments—other securities | $11,878,859 |
| Investments—program-related | $79,330 |
| Intangible assets | $0 |
| Other assets | $57,587,096 |
| Total assets | $304,802,113 |
| Accounts payable and accrued expenses | $5,351,591 |
| Grants payable | $0 |
| Deferred revenue | $7,000,435 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $250,000 |
| Secured mortgages and notes payable | $28,735,316 |
| Unsecured mortgages and notes payable | $450,000 |
| Other liabilities | $4,193,465 |
| Total liabilities | $45,980,807 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $258,821,306 |