Gordon Conwell Theological Seminary Inc
- Assets
- $105.9m
- Revenue
- $30.1m
- Investments
- $0.0
- Employees
- 498
- Location
- South Hamilton, MA
- Founding
- 05/1970
- Data as of
- 06/2022
- EIN
- 04-2463847
Organization Overview
Gordon Conwell Theological Seminary Inc is located in South Hamilton, MA. The organization was established in 1970. 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, Gordon Conwell Theological Seminary Inc employed 498 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gordon Conwell Theological 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 06/2022, Gordon Conwell Theological Seminary Inc generated $30.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $29.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Gordon Conwell Theological Seminary Inc has awarded 17 individual grants totaling $203,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SEMINARY PROVIDES GRADUATE EDUCATION IN THEOLOGY AND RELIGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRADUATE THEOLOGICAL EDUCATION THAT SERVED OVER 1,680 STUDENTS IN FY22. THE SEMINARY HAS FOUR CAMPUSES: HAMILTON, MA; BOSTON, MA; CHARLOTTE, NC; AND JACKSONVILLE, FL. IT OFFERS 8 DEGREE PROGRAMS.
PROVIDED AUXILIARY SERVICES IN CONNECTION WITH THE ABOVE, INCLUDING HOUSING, FOOD SERVICES, BOOKSTORES, AND PRINTING/COPYING.
PROVIDED CONTINUING EDUCATION IN THEOLOGICAL STUDIES FOR PASTORS, LAITY, AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aliya F Browne Trustee | Trustee | 1 | $0 |
Anthony P Zeiss Trustee | Trustee | 1 | $0 |
Barry Corey Trustee | Trustee | 1 | $0 |
Caleb Loring III Trustee | Trustee | 1 | $0 |
Claude R Alexander Jr Chairman | OfficerTrustee | 1 | $0 |
Cynthia S Hughes Past Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Servicemaster Of Gaudet Repair & Maintenance | 6/29/22 | $513,129 |
Sodexo Inc And Affiliates Food Service | 6/29/22 | $398,932 |
Apogee It Services Technology Services | 6/29/22 | $350,625 |
Olympic Marketing Group Repair & Maintenance | 6/29/22 | $186,659 |
Jenzabar Inc Technology Services | 6/29/22 | $230,092 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,589,019 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,773,439 |
| Noncash contributions included in lines 1a–1f | $168,776 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,362,458 |
| Total Program Service Revenue | $17,418,373 |
| Investment income | $1,389,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $106,914 |
| Net Gain/Loss on Asset Sales | $2,809,905 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,087,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,130 |
| Grants and other assistance to domestic individuals. | $6,102,302 |
| Grants and other assistance to Foreign Orgs/Individuals | $738,996 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $405,790 |
| Compensation of current officers, directors, key employees. | $405,790 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,463,012 |
| Pension plan accruals and contributions | $342,790 |
| Other employee benefits | $1,269,572 |
| Payroll taxes | $665,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,097 |
| Fees for services: Accounting | $60,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,129 |
| Fees for services: Investment Management | $90,318 |
| Fees for services: Other | $2,909,046 |
| Advertising and promotion | $147,617 |
| Office expenses | $842,884 |
| Information technology | $637,837 |
| Royalties | $0 |
| Occupancy | $1,327,340 |
| Travel | $346,140 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,462 |
| Interest | $444,574 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,369,298 |
| Insurance | $71,320 |
| All other expenses | $890,456 |
| Total functional expenses | $29,504,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $864,595 |
| Savings and temporary cash investments | $1,899,431 |
| Pledges and grants receivable | $2,906,748 |
| Accounts receivable, net | $2,342,555 |
| Loans from Officers, Directors, or Controlling Persons | $250,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,834,687 |
| Inventories for sale or use | $207,568 |
| Prepaid expenses and deferred charges | $609,063 |
| Net Land, buildings, and equipment | $33,411,720 |
| Investments—publicly traded securities | $58,091,534 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,479,448 |
| Total assets | $105,897,349 |
| Accounts payable and accrued expenses | $1,717,009 |
| Grants payable | $0 |
| Deferred revenue | $1,284,364 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,260,168 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,144,057 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $356,908 |
| Total liabilities | $12,762,506 |
| Net assets without donor restrictions | $16,834,030 |
| Net assets with donor restrictions | $76,300,813 |
| 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 | $105,897,349 |
Grants Awarded
Over the last fiscal year, Gordon Conwell Theological Seminary Inc has awarded $63,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VISION NEW ENGLAND PURPOSE: Nurture religious youth life | $21,000 |
COPAHNI INC PURPOSE: Nurture religious youth life | $21,000 |
BLACK MINISTERIAL ALLIANCE PURPOSE: Nurture religious youth life | $21,000 |