Christian Witness Theological Seminary
- Assets
- $9.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 27
- Location
- San Jose, CA
- Founding
- 07/1990
- Data as of
- 12/2021
- EIN
- 94-3109801
Organization Overview
Christian Witness Theological Seminary is located in San Jose, CA. The organization was established in 1990. 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 12/2021, Christian Witness Theological Seminary employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Witness Theological Seminary 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 12/2021, Christian Witness Theological Seminary generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. 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 PRIMARY PURPOSE OF CWTS IS TO PREPARE COMMITTED AND COMPETENT MEN AND WOMEN FOR THE MINISTRY OF THE CHURCH OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke M Tsai President | OfficerTrustee | 40 | $64,611 |
Jeffrey S Lu Chancellor | Trustee | 10 | $34,202 |
James Sun Chairman | OfficerTrustee | 4 | $0 |
Huang Cheng Secretary | OfficerTrustee | 4 | $0 |
Link Jaw Treasurer | OfficerTrustee | 4 | $0 |
Haifeng Chen Bod | Trustee | 4 | $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 | $1,655,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,655,047 |
| Total Program Service Revenue | $494,909 |
| Investment income | $56,743 |
| 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 | $2,206,699 |
| 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. | $64,611 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,727 |
| Insurance | $0 |
| All other expenses | $51,784 |
| Total functional expenses | $1,591,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,198,559 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$10,633 |
| 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 | $4,043,527 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,415 |
| Total assets | $9,237,868 |
| 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 | $399,553 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,532 |
| Total liabilities | $417,085 |
| Net assets without donor restrictions | $6,404,856 |
| Net assets with donor restrictions | $2,415,927 |
| 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 | $9,237,868 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Christian Witness Theological Seminary has recieved totaling $83,040.
| Awarding Organization | Amount |
|---|---|
Min And Haifeng Chen Foundation Piedmont, CA PURPOSE: CHARITY | $50,000 |
Charles J Soong Memorial Foundation Walnut Creek, CA PURPOSE: PROVIDE FUND TO SUPPORT TO MEDICAL CENTER AND OUTPATIENT FACILILTIES FOR COVID PREVENTION | $22,000 |
Hong-Yen And Lin-Run Hsu Charitable Foundation Long Beach, CA PURPOSE: RELIGIOUS OUTREACH | $10,000 |
Reverend Geng Ming Shih Foundation Inc Somers, NY PURPOSE: GENERAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saybrook University Pasadena, CA | $17,039,418 | $21,644,889 |
Southwest College Of Naturopathic Medicine And Health Science Inc Tempe, AZ | $29,642,803 | $19,296,647 |
Multnomah University Portland, OR | $31,830,186 | $15,256,009 |
Wright Institute Berkeley, CA | $28,173,670 | $16,770,770 |
Palmer College Of Chiropratic- West San Jose, CA | $12,919,049 | $13,430,875 |
Graduate Theological Union Berkeley, CA | $72,481,680 | $8,414,680 |
Southern California School Of Theology Claremont, CA | $39,669,399 | $12,715,651 |
Claremont Lincoln University Claremont, CA | $35,321,244 | $4,692,633 |
High Tech High Graduate School Of Education San Diego, CA | $6,848,992 | $9,753,054 |
Pacific School Of Religion Berkeley, CA | $44,761,600 | $8,910,467 |
Phoenix Seminary Inc Scottsdale, AZ | $3,442,651 | $6,984,863 |
Logos Evangelical Seminary El Monte, CA | $24,241,884 | $7,684,806 |