International Theological Seminary
- Assets
- $2.7m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 14
- Location
- West Covina, CA
- Founding
- 05/1984
- Data as of
- 05/2022
- EIN
- 95-3890724
Organization Overview
International Theological Seminary is located in West Covina, CA. The organization was established in 1984. 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 05/2022, International Theological Seminary employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International 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 05/2022, International Theological Seminary generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $1.5m during the year ending 05/2022. While expenses have increased by 9.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A CENTER FOR THE STUDY OF THEOLOGY AND MINISTRY IN EVANGELICAL PERSUASION BASED UPON THE INFALLIBLE AND INTERRANT INSPIRED WORD OF GOD IN THE BIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TEACH AND TRAIN PEOPLE IN THEOLOGICAL COURSES FOR SERVICE IN CHRISTIAN MINISTRY AND LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James S Lee President | Officer | 40 | $0 |
Eddie Rigdon Secretary | Officer | 0 | $0 |
Zhao H Yang CFO | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $114,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,549,873 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,664,373 |
| Total Program Service Revenue | $745,718 |
| Investment income | $2,307 |
| 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 | $2,412,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,383 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $337,939 |
| Pension plan accruals and contributions | $16,510 |
| Other employee benefits | $100,568 |
| Payroll taxes | $36,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,230 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,248 |
| Office expenses | $23,887 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,500 |
| Travel | $3,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52,941 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,070 |
| Insurance | $18,882 |
| All other expenses | $78,010 |
| Total functional expenses | $1,529,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,015,729 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $196,480 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,223,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,914 |
| Other assets | $241,880 |
| Total assets | $2,691,097 |
| Accounts payable and accrued expenses | $63,984 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,233,214 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,378 |
| Total liabilities | $1,315,576 |
| Net assets without donor restrictions | $1,375,521 |
| 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 | $2,691,097 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that International Theological Seminary has recieved totaling $1,052,927.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $1,000,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $50,000 |
The New Jerusalem Foundation San Marcos, CA PURPOSE: CHRITIAN MISSIONARY | $2,915 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saybrook University Pasadena, CA | $17,039,418 | $21,644,889 |
Southwest College Of Naturopathic Medicine And Health Science Inc Tempe, AZ | $29,642,803 | $19,296,647 |
Multnomah University Portland, OR | $31,830,186 | $15,256,009 |
Wright Institute Berkeley, CA | $28,173,670 | $16,770,770 |
Palmer College Of Chiropratic- West San Jose, CA | $12,919,049 | $13,430,875 |
Graduate Theological Union Berkeley, CA | $72,481,680 | $8,414,680 |
Southern California School Of Theology Claremont, CA | $39,669,399 | $12,715,651 |
Claremont Lincoln University Claremont, CA | $35,321,244 | $4,692,633 |
High Tech High Graduate School Of Education San Diego, CA | $6,848,992 | $9,753,054 |
Pacific School Of Religion Berkeley, CA | $44,761,600 | $8,910,467 |
Phoenix Seminary Inc Scottsdale, AZ | $3,442,651 | $6,984,863 |
Logos Evangelical Seminary El Monte, CA | $24,241,884 | $7,684,806 |