Fuller Theological Seminary
- Assets
- $257.1m
- Revenue
- $48.9m
- Investments
- $10.7m
- Employees
- 1,158
- Location
- Pasadena, CA
- Founding
- 06/1952
- Data as of
- 06/2020
- 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 06/2021, Fuller Theological Seminary employed 1,158 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 06/2020, Fuller Theological Seminary generated $48.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $63.0m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. 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
2020
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) 267 FULL TIME EQUIVALENT STUDENTSSCHOOL OF MISSION & THEOLOGY (SMT) 1,032 FULL TIME EQUIVALENTS
AUXILIARY ENTERPRISE REVENUE.
TWO PSYCHOLOGICAL CENTERS - STUDENT TRAINEES PROVIDED COUNSELING SERVICES TO MEMBERS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mari Clements Former Provost | 0 | $443,096 | |
Raymond M Asad CFO | Officer | 40 | $250,056 |
Theopolis Cosse Dean Of School Of Psychology | Officer | 40 | $232,185 |
Mark Labberton President/trustee | OfficerTrustee | 0.1 | $211,981 |
John Kamperschroer Part Year Senior Director Of Development | 40 | $159,025 | |
Lauralee Farrer Part Year VP Of Communications | 40 | $149,952 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rogelio Sanchez Painting Contractor - Painting | 6/29/21 | $158,695 |
Athens Services Waste Removal | 6/29/21 | $116,576 |
Michael Robles Contractor - Carpentry | 6/29/21 | $137,726 |
Ox Creative Inc Web Design | 6/29/21 | $111,804 |
Hassle Free Plumbing Contractor - Plumbing | 6/29/21 | $126,463 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,640,022 |
| Investment income | $555,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,220 |
| Net Rental Income | -$269,081 |
| Net Gain/Loss on Asset Sales | $69,021 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,939,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $5,743,997 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $958,614 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,708,578 |
| Pension plan accruals and contributions | $577,996 |
| Other employee benefits | $4,233,519 |
| Payroll taxes | $2,087,804 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $109,550 |
| Fees for services: Accounting | $124,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $20,285 |
| Fees for services: Investment Management | $597,052 |
| Fees for services: Other | $3,372,538 |
| Advertising and promotion | $0 |
| Office expenses | $2,802,696 |
| Information technology | $992,169 |
| Royalties | $40,890 |
| Occupancy | $4,010,214 |
| Travel | $1,075,005 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,603 |
| Interest | $1,807,888 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,480,437 |
| Insurance | $275,964 |
| All other expenses | $0 |
| Total functional expenses | $63,023,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,336,110 |
| Savings and temporary cash investments | $2,555,189 |
| Pledges and grants receivable | $846,345 |
| Accounts receivable, net | $3,416,342 |
| Loans from Officers, Directors, or Controlling Persons | $509,376 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $374,742 |
| Inventories for sale or use | $48,432 |
| Prepaid expenses and deferred charges | $2,341,384 |
| Investments—publicly traded securities | $87,679,856 |
| Investments—other securities | $10,724,280 |
| Investments—program-related | $140,957 |
| Intangible assets | $0 |
| Other assets | $46,025,842 |
| Total assets | $257,080,633 |
| Accounts payable and accrued expenses | $5,090,780 |
| Grants payable | $0 |
| Deferred revenue | $5,720,584 |
| 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 | $39,244,939 |
| Unsecured mortgages and notes payable | $1,850,000 |
| Other liabilities | $5,948,872 |
| Total liabilities | $57,855,175 |
| 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 | $199,225,458 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fuller Theological Seminary has recieved totaling $294,000.
| Awarding Organization | Amount |
|---|---|
Lowell Berry Foundation Lafayette, CA PURPOSE: VARIOUS PROGRAMS | $164,000 |
Harry M Keller Foundation Glendale, CA PURPOSE: TO BE USED FOR CHARITABLE PURPOSE OF THE RECIPIENT | $100,000 |
Gregg W And Denise E Steinhafel Family Foundation Wayzata, MN PURPOSE: GENERAL FUND | $30,000 |
Endowment Analysis
| Beg. Balance | $98,803,120 |
| Earnings | $27,222,654 |
| Net Contributions | $4,756,804 |
| Other Expense | $2,794,784 |
| Grants | $2,149,711 |
| Ending Balance | $125,838,083 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Samuel Merritt University Oakland, CA | $325,100,331 | $118,517,115 |
Dominican University Of California San Rafael, CA | $120,936,382 | $85,037,820 |
Kaiser Permanente Bernard J Tyson School Of Medicine Inc Oakland, CA | $109,560,789 | $87,175,278 |
Fuller Theological Seminary Pasadena, CA | $257,080,633 | $48,939,173 |
California Western School Of Law San Diego, CA | $69,688,098 | $48,863,777 |
Keck Graduate Institute Claremont, CA | $121,856,519 | $41,890,021 |
Marshall B Ketchum University Fullerton, CA | $105,970,455 | $47,583,305 |
Thunderbird School Of Global Management Phoenix, AZ | $4,648,363 | $22,980,212 |
Southern California University Of Health Sciences Whittier, CA | $39,889,743 | $44,008,074 |
Palo Alto University Inc Palo Alto, CA | $37,743,432 | $38,449,514 |
Uc Berkeley Center For Executive Education Berkeley, CA | $14,411,646 | $24,161,289 |
Life Chiropractic College West Hayward, CA | $30,632,289 | $21,817,689 |