Winebrenner Theological Seminary
- Assets
- $3.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Findlay, OH
- Founding
- 01/1972
- Data as of
- 06/2022
- EIN
- 34-0877803
Organization Overview
Winebrenner Theological Seminary is located in Findlay, OH. The organization was established in 1972. 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 06/2022, Winebrenner Theological Seminary employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winebrenner 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 06/2022, Winebrenner Theological Seminary generated $1.2m 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 (4.3%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WINEBRENNER THEOLOGICAL SEMINARY EQUIPS LEADERS FOR SERVICE IN GOD'S KINGDOM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION FOR VOCATIONS IN THE CHURCH. THE ORGANIZATION IS RESPONSIBLE FOR THE CONTINUING EDUCATION OF PASTORS AS WELL AS PREPARING STUDENTS FOR THEIR DEGREES IN THEOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Brent Sleasman President | Officer | 40 | $62,961 |
Thomas D Weaver Director Of | Officer | 40 | $53,434 |
Dr Karen Adam-Ferguson Trustee | Trustee | 1 | $0 |
Dr James D Allen Trustee | Trustee | 1 | $0 |
Mr Tim Arthun Trustee | Trustee | 1 | $0 |
Mr Tim Beatty 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 | $522,413 |
| Noncash contributions included in lines 1a–1f | $25,454 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $522,413 |
| Total Program Service Revenue | $460,453 |
| Investment income | $60,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $157,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,206,333 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $162,855 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $114,362 |
| Compensation of current officers, directors, key employees. | $70,723 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $559,439 |
| Pension plan accruals and contributions | $31,075 |
| Other employee benefits | $82,435 |
| Payroll taxes | $34,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $392 |
| Fees for services: Accounting | $26,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,083 |
| Advertising and promotion | $4,201 |
| Office expenses | $36,289 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,990 |
| Travel | $4,671 |
| 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 | $6,013 |
| Insurance | $25,829 |
| All other expenses | $6,006 |
| Total functional expenses | $1,337,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,196 |
| Savings and temporary cash investments | $395,996 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,369 |
| 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 | $4,353 |
| Net Land, buildings, and equipment | $49,507 |
| Investments—publicly traded securities | $2,528,291 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,047,712 |
| Accounts payable and accrued expenses | $58,575 |
| 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 | $58,575 |
| Net assets without donor restrictions | $954,299 |
| Net assets with donor restrictions | $2,034,841 |
| 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 | $3,047,715 |