Truth Theological Seminary
- Assets
- $874.2k
- Revenue
- $373.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Arcadia, CA
- Founding
- 07/1998
- Data as of
- 06/2021
- EIN
- 95-4663347
Organization Overview
Truth Theological Seminary is located in Arcadia, CA. The organization was established in 1998. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2021, Truth Theological Seminary employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truth 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 06/2021, Truth Theological Seminary generated $373.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $237.4k during the year ending 06/2021. 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
THEOLOGICAL EDUCATION. EQUIP MEN AND WOMEN OF GOD TO DEFEND THEIR FAITH AND TO SERVE EFFECTIVELY AS SPIRITUAL LEADERS IN THE CHRISTIAN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEOLOGICAL EDUCATION. EQUIPPED MEN AND WOMEN OF GOD TO DEFEND THEIR FAITH AND TO SERVE EFFECTIVELY AS SPIRITUAL LEADERS IN THE CHRISTIAN COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josephine Chang Vice President | Officer | 40 | $45,928 |
Andrew Ho President & CEO | Officer | 40 | $20,391 |
Daniel C Hsu Director/chai | OfficerTrustee | 0.8 | $0 |
David Lum Director/treas | OfficerTrustee | 0.5 | $0 |
Wilfred Chung Director/sec | OfficerTrustee | 0.5 | $0 |
Chi-Chong Chang Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,545 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $297,445 |
| Total Program Service Revenue | $61,274 |
| Investment income | $965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,575 |
| 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 | $373,259 |
| 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. | $66,319 |
| Compensation of current officers, directors, key employees. | $17,906 |
| Compensation to disqualified persons | $35,232 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,634 |
| Payroll taxes | $6,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,553 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,884 |
| Advertising and promotion | $517 |
| Office expenses | $2,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,651 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $238 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,344 |
| Insurance | $517 |
| All other expenses | $494 |
| Total functional expenses | $237,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,323 |
| Savings and temporary cash investments | $124,455 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $380 |
| Net Land, buildings, and equipment | $467,066 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $874,224 |
| Accounts payable and accrued expenses | $8,299 |
| 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 | $610 |
| Total liabilities | $8,909 |
| Net assets without donor restrictions | $786,018 |
| Net assets with donor restrictions | $79,297 |
| 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 | $874,224 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Truth Theological Seminary has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Jason Wang Foundation Irvine, CA PURPOSE: GENERAL DONATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roseman University Of Health Sciences A Nevada Non-Profit Corp Henderson, NV | $331,227,679 | $100,313,649 |
Otis College Of Art And Design Los Angeles, CA | $107,442,066 | $65,971,720 |
Pacific Northwest College Of Art Portland, OR | $0 | $27,274,890 |
Southern California Institute Of Architecture Los Angeles, CA | $93,582,078 | $34,168,253 |
University Of The Nations Kona Inc Kailuakona, HI | $41,462,726 | $30,442,287 |
Laguna College Of Art And Design Laguna Beach, CA | $40,411,200 | $27,797,338 |
Alder Graduate School Of Education Redwood City, CA | $28,171,479 | $26,265,610 |
Brandman University Irvine, CA | $117,908,819 | $1,094,598 |
Associated Students Of The University Of Ca Santa Barbara Santa Barbara, CA | $8,921,011 | $13,694,895 |
San Francisco Art Institute San Francisco, CA | $51,051,251 | $7,740,556 |
Sierra Educational Advancement Corporation Valencia, CA | $2,438,956 | $5,700,199 |
Bethel School Of Technology Redding, CA | $1,032,039 | $5,145,995 |