The Fund For Theological Education Inc
- Assets
- $34.7m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Decatur, GA
- Founding
- 03/1956
- Data as of
- 12/2021
- EIN
- 21-0725643
Organization Overview
The Fund For Theological Education Inc, operating under the name Forum For Theological Exploration, is located in Decatur, GA. The organization was established in 1956. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Forum For Theological Exploration employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forum For Theological Exploration 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 12/2021, Forum For Theological Exploration generated $8.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 0.3% 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.
Since 2015, Forum For Theological Exploration has awarded 288 individual grants totaling $3,804,466. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND FOR THEOLOGICAL EDUCATION (FTE) CULTIVATES DIVERSE, YOUNG ADULTS TO BE FAITHFUL, WISE AND COURAGEOUS LEADERS FOR THE CHURCH AND ACADEMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTIVATING CHRISTIAN LEADERS PROVIDES SUPPORT TO SEVERAL GROUPS OF CANDIDATES EXPLORING AND PREPARING FOR VOCATIONS IN CHRISTIAN MINISTRY. FELLOWS PARTICIPATED IN DISCERNMENT EVENTS AND NETWORKS OF SUPPORT AND WERE GIVEN OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT.
STRATEGIC PARTNERS CULTIVATING CHRISTIAN LEADERS EQUIPS AND STRENGTHENS DIVERSE NETWORKS OF LEADERS OF CONGREGATIONS AND CHURCHRELATED ORGANIZATIONS TO IDENTIFY AND INSPIRE YOUNG ADULTS TO EXPLORE AND PURSUE A CALL TO MINISTRY AND TEACHING BY OFFERING GRANTS, CONFERENCES, LEADERSHIP DEVELOPMENT OPPORTUNITIES AND A COMMUNITY OF SUPPORT.
THE HIGH SCHOOL YOUTH THEOLOGY INSTITUTES OFFER SPACES FOR YOUNG PEOPLE TO EXPLORE QUESTIONS ABOUT THEIR FAITH, PURPOSE, AND CALL TO MINISTRY IN THE WORLD. THE INSTITUTES WITHIN THIS INITIATIVE WORK WITH COLLEGES AND UNIVERSITIES, CONGREGATIONS, DENOMINATIONAL OFFICES, SERVICES AGENCIES, AND YOUTH MINISTRY ORGANIZATIONS TO IDENTIFY, IGNITE, AND CULTIVATE THE GIFTS OF FUTURE CHRISTIAN LEADERS WHO WILL IMPACT OUR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Stephen Lewis Jr President | OfficerTrustee | 40 | $168,271 |
Paul Bois VP Of Adminstration | OfficerTrustee | 40 | $144,735 |
Ms Soon Mee Kim Trustee | Trustee | 1 | $0 |
Mr J Larry Stine Trustee | Trustee | 1 | $0 |
Aracelis Vazquez Haye Trustee | Trustee | 1 | $0 |
Aisha Brooks-Johnson Trustee | Trustee | 1 | $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 | $6,328,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,328,084 |
| Total Program Service Revenue | $0 |
| Investment income | $775,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,677,483 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,780,727 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $653,844 |
| Grants and other assistance to domestic individuals. | $400,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $610,481 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $827,252 |
| Pension plan accruals and contributions | $174,558 |
| Other employee benefits | $261,987 |
| Payroll taxes | $78,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $319,526 |
| Advertising and promotion | $9,527 |
| Office expenses | $0 |
| Information technology | $209,295 |
| Royalties | $0 |
| Occupancy | $192,167 |
| Travel | $2,495 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $489,374 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,372 |
| All other expenses | $9,684 |
| Total functional expenses | $4,507,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,672 |
| Savings and temporary cash investments | $630,465 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $145,320 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $33,856,295 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,735,752 |
| Accounts payable and accrued expenses | $172,511 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $172,511 |
| Net assets without donor restrictions | $15,208,979 |
| Net assets with donor restrictions | $19,354,262 |
| 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 | $34,735,752 |
Grants Awarded
Over the last fiscal year, The Fund For Theological Education Inc has awarded $531,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
NEW COMMUNITY COVENANT CHURCH PURPOSE: 2021 PASTORAL INTERNSHIP GRANTS | $20,000 |
DUNELAND COMMUNITY CHURCH OF THE NAZARENE PURPOSE: 2021 PASTORAL INTERNSHIP GRANTS | $20,000 |
FIRST BAPTIST CHURCH CAPITOL HILL PURPOSE: 2021 PASTORAL INTERNSHIP GRANTS | $20,000 |
SOJOURN COLLEGIATE MINISTRY PURPOSE: 2021 PASTORAL INTERNSHIP GRANTS | $20,000 |
TRINITY EPISCOPAL CATHEDRAL - PHOENIX PURPOSE: 2021 PASTORAL INTERNSHIP GRANTS | $20,000 |
VALLEY AND MOUNTAIN UMC PURPOSE: 2021 PASTORAL INTERNSHIP GRANTS | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Fund For Theological Education Inc has recieved totaling $6,300,000.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: SUPPORT FOR FTE PROGRAMS | $6,300,000 |
Endowment Analysis
| Beg. Balance | $30,189,604 |
| Earnings | $2,552,677 |
| Admin Expense | $100,373 |
| Net Contributions | $6,328,084 |
| Other Expense | $4,059,853 |
| Grants | $1,053,844 |
| Ending Balance | $33,856,295 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Amity Medical Group Inc Charlotte, NC | $3,300,228 | $10,911,191 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |