Houston Graduate School Of Theology
- Assets
- $625.1k
- Revenue
- $913.3k
- Investments
- $0.0
- Employees
- 50
- Location
- Houston, TX
- Founding
- 11/1983
- Data as of
- 06/2022
- EIN
- 76-0057699
Organization Overview
Houston Graduate School Of Theology is located in Houston, TX. The organization was established in 1983. 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, Houston Graduate School Of Theology employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Graduate School Of Theology 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, Houston Graduate School Of Theology generated $913.3k 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 (9.8%) each year. All expenses for the organization totaled $790.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) 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
EQUIPS WOMEN AND MEN TO BE MINISTERS AND MESSENGERS OF GOD'S MISSION OF RECONCILIATION THROUGH ACADEMIC EXCELLENCE, PERSONAL TRANSFORMATION, AND LEADERSHIP DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL OPERATIONS TO FULFILL MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Towne Academic Dean | Officer | 40 | $76,600 |
Jeremy Bill Chair | Trustee | 2 | $0 |
Rick Weber Vice Chair | Trustee | 1.5 | $0 |
Matt Smith Treasurer | Trustee | 1.5 | $0 |
Gregg Becker Trustee | Trustee | 0.5 | $0 |
Paul Pankratz Trustee | 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 | $20,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,942 |
| Total Program Service Revenue | $883,780 |
| Investment income | $7,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,230 |
| 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 | $913,293 |
| 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. | $80,000 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $282,532 |
| Pension plan accruals and contributions | $10,951 |
| Other employee benefits | $71,265 |
| Payroll taxes | $31,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $895 |
| Fees for services: Other | $0 |
| Advertising and promotion | $963 |
| Office expenses | $25,303 |
| Information technology | $61,695 |
| Royalties | $0 |
| Occupancy | $119,047 |
| Travel | $4,167 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,870 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,714 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $790,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,657 |
| Savings and temporary cash investments | $141,460 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $191,359 |
| 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 | $8,507 |
| Net Land, buildings, and equipment | $10,703 |
| Investments—publicly traded securities | $102,426 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $625,112 |
| Accounts payable and accrued expenses | $71,681 |
| Grants payable | $0 |
| Deferred revenue | $69,148 |
| 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 | $36,511 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $177,340 |
| Net assets without donor restrictions | $196,671 |
| Net assets with donor restrictions | $251,101 |
| 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 | $625,112 |