Union Theological Seminary
- Assets
- $238.7m
- Revenue
- $35.3m
- Investments
- $54.6m
- Employees
- 235
- Location
- New York, NY
- Founding
- 11/1934
- Data as of
- 06/2021
- EIN
- 13-1624238
Organization Overview
Union Theological Seminary is located in New York, NY. The organization was established in 1934. 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, Union Theological Seminary employed 235 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union 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, Union Theological Seminary generated $35.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $28.8m during the year ending 06/2021. While expenses have increased by 2.9% per year over the past 6 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.
Since 2017, Union Theological Seminary has awarded 16 individual grants totaling $1,838,800. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THEOLOGICAL EDUCATION.
Describe the Organization's Program Activity:
PROVIDE GRADUATE EDUCATIONAL PROGRAMS TO MORE THAN 260 FULL-TIME AND PART-TIME STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Rev Dr Serene Jones President | OfficerTrustee | 40 | $335,739 |
Frederick Davie Vice President | Officer | 40 | $268,081 |
Brent Dickman Treasurer | Officer | 40 | $225,838 |
Rita L Walters VP For Development | 40 | $193,805 | |
Robin Reese VP Of Communication | 40 | $180,058 | |
Kelly B Douglas Dean Eds@uts | Officer | 40 | $173,081 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skyline Restoration Inc Construction Services | 6/29/21 | $754,721 |
Consigli Construction Ny Llc Construction Services | 6/29/21 | $31,584,845 |
Beyer Blinder Belle Architects And Plan Architect Services | 6/29/21 | $562,012 |
Lehrer Cumming Construction Services | 6/29/21 | $493,049 |
Harvard Maintenance Facilities Staffing | 6/29/21 | $1,486,964 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,186,144 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,410,554 |
| Noncash contributions included in lines 1a–1f | $825,249 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,596,698 |
| Total Program Service Revenue | $10,061,840 |
| Investment income | $2,068,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,284,292 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,345,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,364 |
| Grants and other assistance to domestic individuals. | $3,664,992 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,361,626 |
| Compensation of current officers, directors, key employees. | $358,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,753,006 |
| Pension plan accruals and contributions | $690,641 |
| Other employee benefits | $1,284,796 |
| Payroll taxes | $610,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,167 |
| Fees for services: Accounting | $120,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $619,527 |
| Fees for services: Other | $3,870,308 |
| Advertising and promotion | $20,223 |
| Office expenses | $380,713 |
| Information technology | $538,521 |
| Royalties | $0 |
| Occupancy | $2,784,439 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $162,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $429,493 |
| Insurance | $570,714 |
| All other expenses | $0 |
| Total functional expenses | $28,848,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700 |
| Savings and temporary cash investments | $5,099,796 |
| Pledges and grants receivable | $326,723 |
| Accounts receivable, net | $1,980,133 |
| 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 | $2,532,461 |
| Net Land, buildings, and equipment | $84,201,946 |
| Investments—publicly traded securities | $87,515,461 |
| Investments—other securities | $54,611,071 |
| Investments—program-related | $1,163,750 |
| Intangible assets | $0 |
| Other assets | $1,224,167 |
| Total assets | $238,656,208 |
| Accounts payable and accrued expenses | $4,662,557 |
| Grants payable | $0 |
| Deferred revenue | $31,335 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $96,497 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,824,208 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,244,943 |
| Total liabilities | $48,859,540 |
| Net assets without donor restrictions | $117,202,509 |
| Net assets with donor restrictions | $72,594,159 |
| 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 | $238,656,208 |
Grants Awarded
Over the last fiscal year, Union Theological Seminary has awarded $690,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Goldsboro, NC PURPOSE: SUB-GRANT TO SUPPORT NATIONAL POOR PEOPLE'S CAMPAIGN PROGRAM ACTIVITIES, ORGANIZED IN PARTNERSHIP WITH UNION'S KAIROS CENTER AND REPAIRERS. | $310,000 |
Goldsboro, NC PURPOSE: SUB-GRANT TO SUPPORT NATIONAL POOR PEOPLE'S CAMPAIGN PROGRAM ACTIVITIES, ORGANIZED IN PARTNERSHIP WITH UNION'S KAIROS CENTER AND REPAIRERS. | $310,000 |
Chicago, IL PURPOSE: COLLABORATIVE WORK WITH UNION | $20,000 |
Chicago, IL PURPOSE: COLLABORATIVE WORK WITH UNION | $20,000 |
THE FREEDOM CENTER FOR SOCIAL PURPOSE: VISION STIPEND UNDER LILLY ENDOWMENT GRANT | $15,000 |
THE FREEDOM CENTER FOR SOCIAL PURPOSE: VISION STIPEND UNDER LILLY ENDOWMENT GRANT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Union Theological Seminary has recieved totaling $76,600.
| Awarding Organization | Amount |
|---|---|
Kaplen Brothers Fund Inc New York, NY PURPOSE: FOR ENVIRONMENTAL JUSTICE AND CIVIC ENGAGEMENT | $75,000 |
Daughters Of Union Veterans Of The Civil War-D C Dept-E S Mussey Tent Mitchellville, MD PURPOSE: EDUCATIONAL SCHOLARSHIP FOR EVA BOGINO | $1,600 |
Endowment Analysis
| Beg. Balance | $104,971,827 |
| Earnings | $28,722,756 |
| Admin Expense | $1,572,741 |
| Net Contributions | $239,083 |
| Other Expense | $5,623,233 |
| Ending Balance | $126,737,692 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Lake Erie College Of Osteopathic Medicine Inc Erie, PA | $757,028,043 | $202,994,752 |
Touro University New York, NY | $83,518,573 | $93,950,601 |
New York Law School New York, NY | $345,948,911 | $82,190,230 |
Brooklyn Law School Brooklyn, NY | $395,638,685 | $73,619,300 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |
Touro University New York, NY | $112,668,496 | $69,634,843 |
Albany College Of Pharmacy And Health Sciences Albany, NY | $159,389,370 | $62,205,490 |
Salus University Elkins Park, PA | $71,855,290 | $53,963,466 |
New England Law Boston Boston, MA | $111,835,752 | $46,208,385 |
Geisinger Commonwealth School Of Medicine Danville, PA | $148,792,015 | $48,699,077 |
American College King of Prussia, PA | $101,126,239 | $39,801,880 |