Houston Graduate School Of Theology
- Assets
- $953.0k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 35
- Location
- Houston, TX
- Founding
- 11/1983
- Data as of
- 06/2020
- 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 06/2020, Houston Graduate School Of Theology employed 35 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 06/2020, Houston Graduate School Of Theology generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 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
2020
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
FOR THIRTY-EIGHT YEARS, HOUSTON GRADUATE SCHOOL OF THEOLOGY (HGST) HAS PROVIDED HIGH QUALITY THEOLOGICAL EDUCATION FOR MEN AND WOMEN WHO SERVE IN A WIDE VARIETY OF MINISTRY SETTINGS. FEW SEMINARIES ANYWHERE EXHIBIT OUR UNIQUE CLUSTER OF CHARACTERISTICS. WE ARE BOLDLY EVANGELICAL BY CELEBRATING THE TRANS-FORMATIVE POWER OF GOD IN OUR LIVES AND WORLD. WE ARE BROADLY MULTI-DENOMINATIONAL IN THAT OUR FACULTY AND STUDENTS REPRESENT AS MANY AS THIRTY DENOMINATIONAL AND NON-DENOMINATIONAL TRADITIONS. WHILE WE HELP EACH STUDENT TO DEVELOP A WELL-INTEGRATED SET OF VALUES, BELIEFS AND PRACTICES, WE EXPLORE WITH RESPECT AND SENSITIVITY A RANGE OF THEOLOGICAL AND ECCLESIASTICAL PERSPECTIVES. WE ARE RICHLY MULTICULTURAL WITH STUDENTS WHO REPRESENT MANY ETHNIC BACKGROUND AND CONGREGATIONAL STYLES.
FOR THIRTY-EIGHT YEARS, HOUSTON GRADUATE SCHOOL OF THEOLOGY (HGST) HAS PROVIDED HIGH QUALITY THEOLOGICAL EDUCATION FOR MEN AND WOMEN WHO SERVE IN A WIDE VARIETY OF MINISTRY SETTINGS. FEW SEMINARIES ANYWHERE EXHIBIT OUR UNIQUE CLUSTER OF CHARACTERISTICS. WE ARE BOLDLY EVANGELICAL BY CELEBRATING THE TRANS-FORMATIVE POWER OF GOD IN OUR LIVES AND WORLD. WE ARE BROADLY MULTI-DENOMINATIONAL IN THAT OUR FACULTY AND STUDENTS REPRESENT AS MANY AS THIRTY DENOMINATIONAL AND NON-DENOMINATIONAL TRADITIONS. WHILE WE HELP EACH STUDENT TO DEVELOP A WELL-INTEGRATED SET OF VALUES, BELIEFS AND PRACTICES, WE EXPLORE WITH RESPECT AND SENSITIVITY A RANGE OF THEOLOGICAL AND ECCLESIASTICAL PERSPECTIVES. WE ARE RICHLY MULTICULTURAL WITH STUDENTS WHO REPRESENT MANY ETHNIC BACKGROUND AND CONGREGATIONAL STYLES.
FOR THIRTY-EIGHT YEARS, HOUSTON GRADUATE SCHOOL OF THEOLOGY (HGST) HAS PROVIDED HIGH QUALITY THEOLOGICAL EDUCATION FOR MEN AND WOMEN WHO SERVE IN A WIDE VARIETY OF MINISTRY SETTINGS. FEW SEMINARIES ANYWHERE EXHIBIT OUR UNIQUE CLUSTER OF CHARACTERISTICS. WE ARE BOLDLY EVANGELICAL BY CELEBRATING THE TRANS-FORMATIVE POWER OF GOD IN OUR LIVES AND WORLD. WE ARE BROADLY MULTI-DENOMINATIONAL IN THAT OUR FACULTY AND STUDENTS REPRESENT AS MANY AS THIRTY DENOMINATIONAL AND NON-DENOMINATIONAL TRADITIONS. WHILE WE HELP EACH STUDENT TO DEVELOP A WELL-INTEGRATED SET OF VALUES, BELIEFS AND PRACTICES, WE EXPLORE WITH RESPECT AND SENSITIVITY A RANGE OF THEOLOGICAL AND ECCLESIASTICAL PERSPECTIVES. WE ARE RICHLY MULTICULTURAL WITH STUDENTS WHO REPRESENT MANY ETHNIC BACKGROUND AND CONGREGATIONAL STYLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James H Furr President | Officer | 70 | $117,188 |
Tracee M Fletcher CFO | Officer | 70 | $80,233 |
Becky Towne Academic Dean | Officer | 40 | $68,267 |
Brent Dorsey Trustee | Trustee | 1.5 | $0 |
Marilyn Lee Trustee | Trustee | 0.5 | $0 |
Janis Davis-Street Vice Chairman | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,689 |
| Investment income | $12,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $446 |
| 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 | $1,656,466 |
| Statement of Expenses | |
|---|---|
| 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. | $246,001 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $509,053 |
| Pension plan accruals and contributions | $14,998 |
| Other employee benefits | $138,722 |
| Payroll taxes | $55,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,241 |
| Fees for services: Other | $4,753 |
| Advertising and promotion | $2,686 |
| Office expenses | $45,659 |
| Information technology | $28,241 |
| Royalties | $0 |
| Occupancy | $196,929 |
| Travel | $9,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,828 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,809 |
| Insurance | $15,631 |
| All other expenses | $0 |
| Total functional expenses | $1,453,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,390 |
| Savings and temporary cash investments | $478,121 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,388 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,734 |
| Total assets | $952,992 |
| Accounts payable and accrued expenses | $168,855 |
| Grants payable | $0 |
| Deferred revenue | $152,103 |
| 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 | $233,653 |
| Unsecured mortgages and notes payable | $95,000 |
| Other liabilities | $857 |
| Total liabilities | $650,468 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $302,524 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Houston Graduate School Of Theology has recieved totaling $50,020.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Endowment Analysis
| Beg. Balance | $1,211,795 |
| Earnings | $12,711 |
| Net Contributions | $106,311 |
| Ending Balance | $1,330,817 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Community Ministries New Orleans, LA | $0 | $15,001,748 |
Brite Divinity School Fort Worth, TX | $131,791,900 | $16,856,485 |
Dallas Seminary Foundation Vision Fund Dallas, TX | $4,584,823 | $10,722,757 |
Grace School Of Theology The Woodlands, TX | $1,343,724 | $6,038,036 |
Rio Grande Bible Institute Inc Edinburg, TX | $14,715,494 | $6,700,846 |
Robert O Anderson School And Graduate School Of Management Foun Albuquerque, NM | $0 | $273,602 |
Academy For The Love Of Learning Inc Santa Fe, NM | $22,846,093 | $2,334,127 |
Ayurvedic Institute Albuquerque, NM | $4,339,366 | $2,514,881 |
Dallas International University Dallas, TX | $5,420,803 | $2,599,528 |
Montessori Training And Research Center Of Dallas Addison, TX | $3,170,861 | $1,277,613 |
Baptist Missionary Association Theological Seminary Jacksonville, TX | $3,013,601 | $1,672,352 |
Houston Graduate School Of Theology Houston, TX | $952,992 | $1,656,466 |