Center Of Theological Inquiry
- Assets
- $23.0m
- Revenue
- $1.1m
- Investments
- $7.3m
- Employees
- 7
- Location
- Princeton, NJ
- Founding
- 08/1978
- Data as of
- 06/2020
- EIN
- 22-2212290
Organization Overview
Center Of Theological Inquiry is located in Princeton, NJ. The organization was established in 1978. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Center Of Theological Inquiry employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center Of Theological Inquiry 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 06/2020, Center Of Theological Inquiry generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.9% each year . All expenses for the organization totaled $1.4m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CTI PURSUES THEOLOGICAL RESEARCH THROUGH INTERDISCIPLINARY INQUIRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER OF THEOLOGICAL INQUIRY (CTI) IS AN INDEPENDENT EDUCATIONAL INSTITUTION, GOVERNED BY ITS BOARD OF TRUSTEES AND LED BY ITS DIRECTOR, WHO IS ADVISED ON ACADEMIC AFFAIRS BY A PANEL OF SENIOR RESEARCH SCHOLARS IN HIGHER EDUCATION INSTITUTIONS. THE DIRECTOR RUNS AN INTERNATIONAL VISITING SCHOLAR PROGRAM TO ADVANCE CTI'S INTERDISCIPLINARY RESEARCH AGENDA, AND A PUBLIC OUTREACH PROGRAM TO SHARE ITS FINDINGS AND INVITE SUPPORT. CTI'S NOT-FOR-PROFIT OPERATION IS ADMINISTERED BY THE DIRECTOR'S STAFF. THEY MANAGE A MAIN BUILDING WITH OFFICES AND MEETING ROOMS, AND DIRECTOR'S RESIDENCE.
PROGRAM DEVELOPMENT FOR FUTURE YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William F Storrar Director | OfficerTrustee | 35 | $268,463 |
Gayle Robinson Vice Chair | OfficerTrustee | 5 | $0 |
Robert Wedeking Treasurer | OfficerTrustee | 5 | $0 |
Roy Lennox Chair | OfficerTrustee | 5 | $0 |
Jon Pott Secretary | OfficerTrustee | 5 | $0 |
Darrell Armstrong Trustee | Trustee | 2 | $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 | $529,466 |
| Noncash contributions included in lines 1a–1f | $40,030 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $529,466 |
| Total Program Service Revenue | $0 |
| Investment income | $117,145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $313,535 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,080,518 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $20,113 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $312,956 |
| Compensation of current officers, directors, key employees. | $62,591 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $312,953 |
| Pension plan accruals and contributions | $21,284 |
| Other employee benefits | $45,906 |
| Payroll taxes | $46,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,712 |
| Fees for services: Accounting | $20,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,169 |
| Fees for services: Other | $3,985 |
| Advertising and promotion | $0 |
| Office expenses | $20,428 |
| Information technology | $15,723 |
| Royalties | $0 |
| Occupancy | $244,900 |
| Travel | $74,658 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,589 |
| Insurance | $27,196 |
| All other expenses | $0 |
| Total functional expenses | $1,438,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,798 |
| Savings and temporary cash investments | $1,481,717 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,130 |
| 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 | $4,626 |
| Net Land, buildings, and equipment | $2,182,484 |
| Investments—publicly traded securities | $11,959,204 |
| Investments—other securities | $7,300,375 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,024,334 |
| Accounts payable and accrued expenses | $55,107 |
| 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 | $59,500 |
| Total liabilities | $114,607 |
| Net assets without donor restrictions | $15,039,312 |
| Net assets with donor restrictions | $7,870,415 |
| 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 | $23,024,334 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center Of Theological Inquiry has recieved totaling $26,100.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $26,100 |
Endowment Analysis
| Beg. Balance | $27,697,273 |
| Earnings | -$5,384,948 |
| Net Contributions | $13,448 |
| Other Expense | $1,100,000 |
| Ending Balance | $21,225,773 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center Of Theological Inquiry Princeton, NJ | $23,024,334 | $1,080,518 |
Kak Hwang Zen Center Flushing, NY | $220,889 | $735,431 |
New York Insight Inc New York, NY | $427,976 | $611,449 |
Dharmakaya Center For Wellbeing Inc Pine Bush, NY | $182,124 | $584,750 |
Won Edification Center Ofpennsylvania Inc Glenside, PA | $5,565,953 | $442,842 |
Dharma Drum Retreat Center Inc Pine Bush, NY | $3,451,513 | $510,345 |
Mongkoltepmunee Buddist Temple Bensalem, PA | $6,198,387 | $527,741 |
Friends Of Dongyu Gatsal Ling Inc Woodbury, NY | $2,289,752 | $560,170 |
Dami Buddhism Association New Hyde Park, NY | $17,601,801 | $5,331,194 |
Danang Foundation Corp Jackson Heights, NY | $1,572,828 | $167,688 |
Khmer Buddhist Humanity Association Inc Philadelphia, PA | $5,074,682 | $1,080,927 |
Kunzang Gatshal Foundation Delhi, NY | $4,395,104 | $390,655 |