Covenant Evangelical Theological Seminary Inc
- Assets
- $176.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Casselberry, FL
- Founding
- 07/2009
- Data as of
- 12/2021
- EIN
- 32-0269507
Organization Overview
Covenant Evangelical Theological Seminary Inc is located in Casselberry, FL. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Evangelical 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 12/2021, Covenant Evangelical Theological Seminary Inc generated $47.4k 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 (12.3%) each year. All expenses for the organization totaled $80.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE ONLINE COURSES, TRANSLATE AND PUBLISH MATERIALS PURELY FOR EDUCATION PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xiaotao Guan Director | 15 | $4,800 | |
Jin Liu-Wang Secretary | 15 | $4,000 | |
Hongjun Li Treasurer | 15 | $4,000 | |
John Chua Chairman | 5 | $3,600 | |
Biao Chen Vice-Chair | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,955 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$584 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $47,371 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $41,000 |
| Professional fees and other payments to independent contractors | $1,746 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $30 |
| Other expenses | $38,126 |
| Total expenses | $80,902 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,036 |
| Other assets | $0 |
| Total assets | $176,202 |
| Total liabilities | $22,305 |
| Net assets or fund balances | $153,897 |
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