Logos Evangelical Seminary
- Assets
- $24.9m
- Revenue
- $5.4m
- Investments
- $2.2m
- Employees
- 0
- Location
- El Monte, CA
- Founding
- 08/2002
- Data as of
- 12/2022
- EIN
- 95-4457666
Organization Overview
Logos Evangelical Seminary is located in El Monte, CA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Logos Evangelical 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 12/2022, Logos Evangelical Seminary generated $5.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $5.1m during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOGOS EVANGELICAL SEMINARY EQUIPS SERVANT-LEADERS IN THE FOUR CORE AREAS OF SPIRITUAL FORMATION, ACADEMIC EXCELLENCE, MINISTERIAL COMPETENCE AND GODLY LIVING; TO SERVE CHRIST'S CHURCH AND TO PROCLAIM THE GOSPEL TO THE WORLD EFFECTIVELY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOGOS EVANGELICAL SEMINARY OPERATES FOR THE PURPOSE OF EDUCATING TAIWANESE AND MADARIN-SPEAKING MINISTERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chenpei Hwang President | Officer | 40 | $122,003 |
Chloe Sun Academic Dean | 40 | $87,999 | |
Felix Liu CEO | Officer | 40 | $84,567 |
James Tsai CFO | Officer | 40 | $80,656 |
Kathleen Lin Director Of President's Office | 40 | $77,670 | |
Mark Yong Shen Director Of Advancement | 40 | $76,302 |
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 | $3,944,412 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,944,412 |
| Total Program Service Revenue | $1,073,633 |
| Investment income | $11,200 |
| 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 | $5,447,850 |
| 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. | $728,233 |
| Compensation of current officers, directors, key employees. | $728,233 |
| Compensation to disqualified persons | $2,528,080 |
| 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 | $495,181 |
| Insurance | $0 |
| All other expenses | $223,114 |
| Total functional expenses | $5,073,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,722,652 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $431,518 |
| 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 | $63,674 |
| Net Land, buildings, and equipment | $13,291,253 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,161,614 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $271,174 |
| Total assets | $24,941,885 |
| Accounts payable and accrued expenses | $477 |
| 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 | $817,803 |
| Total liabilities | $818,280 |
| Net assets without donor restrictions | $15,481,540 |
| Net assets with donor restrictions | $8,642,065 |
| 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 | $24,941,885 |