Charles Simeon Tr
- Assets
- $4.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 20
- Location
- Chicago, IL
- Founding
- 07/2001
- Data as of
- 08/2023
- EIN
- 36-7342471
Organization Overview
Charles Simeon Tr is located in Chicago, IL. The organization was established in 2001. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 08/2023, Charles Simeon Tr employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles Simeon Tr 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 08/2023, Charles Simeon Tr generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $1.7m during the year ending 08/2023. While expenses have increased by 14.3% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING MINISTERS TO EFFECTIVELY PREACH THE GOSPEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL TRAINING - PROVIDES PRACTICAL TRAINING IN BIBLICAL EXPOSITION COMBINED WITH MENTORED PRACTICE WITHIN THE LOCAL CHURCH
TEMPORARY HOUSING - PROVIDES ROOM AND BOARD FOR RESIDENTIAL TRAINING PROGRAM.
ONLINE COURSES - PROVIDES TRAINING IN EFFECTIVELY STUDYING THE BIBLE AND TEACHING FROM YOUR BIBLE STUDY EFFECTIVELY. THESE COURSES ARE AVAILABLE ONLINE.
PREACHING WORKSHOPS & TRAINING - PROVIDING HANDS ON WORKSHOPS TO GIVE MINISTERS CONFIDENCE AND DEVELOP ADDITIONAL SKILLS FOR PROCLAIMING GOD'S WORD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David R Helm Exec. Direct | OfficerTrustee | 12 | $53,924 |
David Oster Vice Chairma | OfficerTrustee | 0.5 | $0 |
Jon M Dennis Secretary | OfficerTrustee | 0.5 | $0 |
Deborah Lorentsen Treasurer | OfficerTrustee | 2 | $0 |
Jane Hensel Director | Trustee | 0.5 | $0 |
Phil Nussbaum Director | Trustee | 0.5 | $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 | $1,196,691 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,196,691 |
| Total Program Service Revenue | $520,218 |
| Investment income | $49,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,805 |
| 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 | $1,786,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,882 |
| Compensation of current officers, directors, key employees. | $21,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $631,105 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $112,488 |
| Payroll taxes | $46,471 |
| Fees for services: Management | $2,678 |
| Fees for services: Legal | $10,365 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,711 |
| Advertising and promotion | $0 |
| Office expenses | $4,848 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,523 |
| Travel | $422,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,658 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,099 |
| Insurance | $1,346 |
| All other expenses | $21,171 |
| Total functional expenses | $1,672,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,303 |
| Savings and temporary cash investments | $526,375 |
| 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 | $0 |
| Net Land, buildings, and equipment | $686,829 |
| Investments—publicly traded securities | $3,004,004 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,640 |
| Total assets | $4,374,151 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $4,368,651 |
| Net assets with donor restrictions | $5,500 |
| 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 | $4,374,151 |