Washington Theological Consortium
- Assets
- $573.2k
- Revenue
- $243.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 11/1971
- Data as of
- 06/2021
- EIN
- 52-0907110
Organization Overview
Washington Theological Consortium is located in Washington, DC. The organization was established in 1971. As of 06/2021, Washington Theological Consortium employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Theological Consortium 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 06/2021, Washington Theological Consortium generated $243.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $203.5k during the year ending 06/2021. While expenses have increased by 0.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WASHINGTON THEOLOGICAL CONSORTIUM IS A COMMUNITY OF THEOLOGICAL SCHOOLS OF DIVERSE CHRISTIAN TRADITIONS-WITH PARTNERS IN EDUCATION, SPIRITUALITY AND INTERFAITH DIALOGUE-THAT SUPPORTS ECUMENICAL UNITY AND INTERFAITH UNDERSTANDING IN FOUR WAYS: BY SUPPORTING ECUMENICAL STUDY AND DIALOGUE THAT EXPLORES THE DISTINCT THEOLOGICAL TRADITIONS OF THE CHURCHES, ANALYZES BARRIERS TO CHRISTIAN UNITY, AND EXPLORES OPPORTUNITIES FOR SHARED PUBLIC WITNESS; BY PROVIDING AN ECUMENICAL CONTEXT FOR EQUIPPING CLERGY AND LAITY TO SERVE THE MISSION AND MINISTRY OF THE CHURCH IN THE WORLD THROUGH DIVERSE COMMUNITIES AND IN WAYS THAT WITNESS TO THE UNITY THAT IS OURS IN CHRIST; BY PROVIDING MEMBER INSTITUTIONS THE MEANS OF SHARING THEIR RICH THEOLOGICAL, SPIRITUAL, AND PRACTICAL RESOURCES BY DEVELOPING PROGRAMS AND SERVICES THAT ARE BEST DONE IN COLLABORATION, AND WHICH ENRICH THE MISSION AND PROGRAMS OF EACH MEMBER; BY ENGAGING IN INTERRELIGIOUS STUDY AND DIALOGUE, WITH MEMBERS OF OTHER FAITHS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTREACH, PUBLICATIONS, AND PUBLIC EVENTS - THE CONSORTIUM PRINTS AND UPDATES THE WEBSITES FOR THEOLOGICAL COURSE ANNOUNCEMENT BOOK, LIBRARY BROCHURES, AND BOOKS. THE CONSORTIUM SPONSORS AND PROGRAMS THROUGHOUT THE YEAR.
FACULTY/STUDENT PROGRAMS, CONVOCATIONS AND MEETINGS - THE CONSORTIUM SPONSORS THE ANNUAL FACULTY CONVOCATION AND STUDENT ORIENTATION; AREA GROUP MEETINGS; UNITY WEEK CELEBRATION,ETC.
MUSLIM CHRISTIAN DIALOGUE PROGRAM SUPPORTS A DEEPER KNOWLEDGE OF ISLAM/CHRITIANITY AND GREATER KNOWLEDGE OF DIALOGUE AND OF RECONCILIATION, AND INTERFAITH LEADERSHIP.
CROSS-REGISTRATION - MEMBERS OF THE CONSORTIUM MAY CROSS-REGISTER FOR OVER 300 COURSES OFFERED PER SEMESTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Larry Golemon PHD Executive Director | OfficerTrustee | 40 | $78,603 |
Ridgeway Addison Trustee | Trustee | 0.2 | $0 |
Yolanda Pierce Trustee | Trustee | 0.2 | $0 |
Thomas Petri Trustee | Trustee | 0.2 | $0 |
Ian Markham Chair Executive Committee | Trustee | 0.4 | $0 |
Sandra Collins Trustee | Trustee | 0.2 | $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 | $29,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,840 |
| Total Program Service Revenue | $187,124 |
| Investment income | $24,257 |
| 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 | $243,221 |
| 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. | $78,603 |
| Compensation of current officers, directors, key employees. | $19,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,517 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,925 |
| Payroll taxes | $1,804 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,000 |
| Advertising and promotion | $0 |
| Office expenses | $5,827 |
| Information technology | $10,365 |
| Royalties | $0 |
| Occupancy | $11,395 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,117 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $344 |
| Insurance | $4,402 |
| All other expenses | $831 |
| Total functional expenses | $203,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,386 |
| Savings and temporary cash investments | $27,604 |
| Pledges and grants receivable | $22,747 |
| 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 | $2,099 |
| Net Land, buildings, and equipment | $1,098 |
| Investments—publicly traded securities | $481,297 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $573,231 |
| Accounts payable and accrued expenses | $345 |
| 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 | $345 |
| Net assets without donor restrictions | $317,240 |
| Net assets with donor restrictions | $255,646 |
| 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 | $573,231 |
Endowment Analysis
| Beg. Balance | $195,732 |
| Earnings | $59,845 |
| Ending Balance | $255,577 |
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|---|---|---|
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Institute For Islamic Christian And Jewish Studies Inc Baltimore, MD | $24,101,686 | $1,725,359 |
University Christian Ministries Inc Charlottesville, VA | $8,351,732 | $3,362,822 |
Cornerstone College Of Virginia Fredericksburg, VA | $442,779 | $377,765 |
Rappahannock Westminster Canterbury Foundation Irvington, VA | $10,825,083 | $1,146,003 |
Washington Theological Consortium Washington, DC | $573,231 | $243,221 |
American Open University Inc Alexandria, VA | $533,754 | $60,517 |
Christian Vocation Project Of Memorial Episcopal Church Inc Baltimore, MD | $341,158 | $0 |