Truth Theological Seminary
- Assets
- $925.9k
- Revenue
- $345.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Arcadia, CA
- Founding
- 07/1998
- Data as of
- 06/2022
- EIN
- 95-4663347
Organization Overview
Truth Theological Seminary is located in Arcadia, CA. The organization was established in 1998. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2022, Truth Theological Seminary employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truth 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 06/2022, Truth Theological Seminary generated $345.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $290.5k during the year ending 06/2022. 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
THEOLOGICAL EDUCATION. EQUIP MEN AND WOMEN OF GOD TO DEFEND THEIR FAITH AND TO SERVE EFFECTIVELY AS SPIRITUAL LEADERS IN THE CHRISTIAN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEOLOGICAL EDUCATION. EQUIPPED MEN AND WOMEN OF GOD TO DEFEND THEIR FAITH AND TO SERVE EFFECTIVELY AS SPIRITUAL LEADERS IN THE CHRISTIAN COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josephine Chang Vice President | Officer | 40 | $52,865 |
Andrew Ho President & CEO | Officer | 40 | $2,296 |
Chi-Chong Chang Director | Trustee | 0.5 | $0 |
Peter T Chung Director | Trustee | 0.5 | $0 |
Daniel C Hsu Director/chai | OfficerTrustee | 0.8 | $0 |
Morson Chiu Director | Trustee | 0.5 | $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 | $304,747 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,747 |
| Total Program Service Revenue | $39,332 |
| Investment income | $396 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,400 |
| 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 | $345,875 |
| 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. | $55,161 |
| Compensation of current officers, directors, key employees. | $14,893 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,538 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,185 |
| Payroll taxes | $9,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,441 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,288 |
| Advertising and promotion | $730 |
| Office expenses | $5,533 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,228 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,647 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,364 |
| Insurance | $1,271 |
| All other expenses | $1,319 |
| Total functional expenses | $290,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,793 |
| Savings and temporary cash investments | $203,304 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,700 |
| 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 | $353 |
| Net Land, buildings, and equipment | $448,702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $925,852 |
| Accounts payable and accrued expenses | $1,667 |
| Grants payable | $0 |
| Deferred revenue | $2,855 |
| 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 | $610 |
| Total liabilities | $5,132 |
| Net assets without donor restrictions | $841,423 |
| Net assets with donor restrictions | $79,297 |
| 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 | $925,852 |