Gets Theological Seminary
- Assets
- $4.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 26
- Location
- Covina, CA
- Founding
- 09/2009
- Data as of
- 12/2021
- EIN
- 26-3453472
Organization Overview
Gets Theological Seminary is located in Covina, CA. The organization was established in 2009. 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 12/2021, Gets Theological Seminary employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gets 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 12/2021, Gets Theological Seminary generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE THEOLOGICAL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING AND PROVIDING THEOLOGICAL EDUCATION, THE ORGANIZATION IS COMMITTED TO 1) TRAIN CHINESE CHRISTIAN CHURCH PASTORS AND LAY LEADERS WORLDWIDE; AND 2) TRAIN CHRISTIAN THEOLOGICAL EDUCATORS, I.E. PROFESSORS, FOR THE CHINESE CHRISTIAN CHURCHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isaac Chen Chief Executive Officer | OfficerTrustee | 40 | $0 |
Robin Yiu Chief Financial Officer | OfficerTrustee | 0 | $0 |
Hwey-Chin Hsu Secretary | OfficerTrustee | 0 | $0 |
Benjamin Kuo Board Of Director | Trustee | 0 | $0 |
Weier Huang Board Of Director | Trustee | 0 | $0 |
Chung Chien Jay Kuo Chairperson Of Board | Trustee | 0 | $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 | $1,007,774 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,007,774 |
| Total Program Service Revenue | $45,422 |
| Investment income | $2,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,320,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $569,992 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,747 |
| Payroll taxes | $45,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,400 |
| Fees for services: Accounting | $16,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,861 |
| Advertising and promotion | $6,173 |
| Office expenses | $12,429 |
| Information technology | $30,047 |
| Royalties | $0 |
| Occupancy | $26,702 |
| Travel | $10,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $164 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,941 |
| Insurance | $10,385 |
| All other expenses | $126,721 |
| Total functional expenses | $1,063,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,556 |
| Savings and temporary cash investments | $350,378 |
| 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 | -$598 |
| Net Land, buildings, and equipment | $2,990,366 |
| Investments—publicly traded securities | $481,605 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $285,111 |
| Total assets | $4,231,418 |
| Accounts payable and accrued expenses | $2,712 |
| 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 | $2,712 |
| Net assets without donor restrictions | $4,228,706 |
| Net assets with donor restrictions | $0 |
| 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 | $4,231,418 |
Grants Awarded
Over the last fiscal year, Gets Theological Seminary has awarded $2,393,195 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Covina, CA PURPOSE: SCHOOLS FOUNDATION FUNDING | $2,383,503 |
Sacramento, CA PURPOSE: ACADEMIC PROGRAMS | $9,692 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gets Theological Seminary has recieved totaling $54.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $54 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saybrook University Pasadena, CA | $17,039,418 | $21,644,889 |
Southwest College Of Naturopathic Medicine And Health Science Inc Tempe, AZ | $29,642,803 | $19,296,647 |
Multnomah University Portland, OR | $31,830,186 | $15,256,009 |
Wright Institute Berkeley, CA | $28,173,670 | $16,770,770 |
Palmer College Of Chiropratic- West San Jose, CA | $12,919,049 | $13,430,875 |
Graduate Theological Union Berkeley, CA | $72,481,680 | $8,414,680 |
Southern California School Of Theology Claremont, CA | $39,669,399 | $12,715,651 |
Claremont Lincoln University Claremont, CA | $35,321,244 | $4,692,633 |
High Tech High Graduate School Of Education San Diego, CA | $6,848,992 | $9,753,054 |
Pacific School Of Religion Berkeley, CA | $44,761,600 | $8,910,467 |
Phoenix Seminary Inc Scottsdale, AZ | $3,442,651 | $6,984,863 |
Logos Evangelical Seminary El Monte, CA | $24,241,884 | $7,684,806 |