Grace School Of Theology
- Assets
- $1.3m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 65
- Location
- The Woodlands, TX
- Founding
- 04/2002
- Data as of
- 06/2021
- EIN
- 76-0690847
Organization Overview
Grace School Of Theology is located in The Woodlands, TX. The organization was established in 2002. 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 06/2021, Grace School Of Theology employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace 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 06/2021, Grace School Of Theology generated $6.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $5.9m during the year ending 06/2021. While expenses have increased by 6.1% 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
TO DEVELOP SPIRITUAL LEADERS IN EVERY NATION WHO CAN TEACH OTHERS ABOUT THE LOVE OF CHRIST, A LOVE THAT CANNOT BE EARNED AND CANNOT BE LOST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION (CHRISTIAN): WE OFFER SEVERAL DIFFERENT PROGRAMS IN BIBLE THEOLOGY AND CHRISTIAN MINISTRY: ATTENDED BY APPROXIMATELY 830 STUDENTS IN THE U.S. AND INTERNATIONALLY. WE OFFER UNDERGRADUATE, GRADUATE, AND DOCTORAL DEGREE PROGRAMS AND CERTIFICATE PROGRAMS INCLUDING: COURSES AND/OR CONCENTRATION IN BIBLE EXPOSITION, THEOLOGY, AND CHRISTIAN MINISTRY SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Albers Vice Chair/t | OfficerTrustee | 1 | $0 |
Glenn Darby Chairman/tru | OfficerTrustee | 1 | $0 |
Dave Anderson Trustee/pres | OfficerTrustee | 40 | $0 |
Daniel Labry Vp-Adv & Ope | Officer | 40 | $0 |
Tim Dunn Trustee | Trustee | 1 | $0 |
Tracy Marshall Trustee/dire | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,654,762 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,042,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,697,145 |
| Total Program Service Revenue | $2,331,340 |
| Investment income | $0 |
| 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 | $6,038,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,456,910 |
| Grants and other assistance to Foreign Orgs/Individuals | $495,714 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,595,717 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $418,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,234 |
| Advertising and promotion | $21,897 |
| Office expenses | $6,631 |
| Information technology | $363,871 |
| Royalties | $0 |
| Occupancy | $304,122 |
| Travel | $31,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,274 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,447 |
| Insurance | $13,378 |
| All other expenses | $108,068 |
| Total functional expenses | $5,929,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $508,406 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $350,000 |
| Accounts receivable, net | $213,031 |
| 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 | $108,208 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $164,079 |
| Total assets | $1,343,724 |
| Accounts payable and accrued expenses | $28,739 |
| Grants payable | $0 |
| Deferred revenue | $197,191 |
| 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 | $194,370 |
| Other liabilities | $0 |
| Total liabilities | $420,300 |
| Net assets without donor restrictions | $923,424 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,343,724 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Grace School Of Theology has recieved totaling $1,098,259.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $1,000,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $50,000 |
The Looper Foundation Houston, TX PURPOSE: DISCIPLESHIP GRANT | $25,000 |
Buzbee Foundation Montgomery, TX PURPOSE: GENERAL | $8,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $6,792 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $6,150 |
Endowment Analysis
| Beg. Balance | $1,842,824 |
| Earnings | -$51,921 |
| Other Expense | $1,790,903 |
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 |