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Nonprofiteer
← OBLATE SCHOOL OF THEOLOGY

Form 990 for tax year 2022

Filed by OBLATE SCHOOL OF THEOLOGY.

Totals

Total revenue
$7,163,601
Total expenses
$8,772,101
Contributions and grants received
$3,152,701
Grants paid
$706,272
Program service revenue
$3,666,961
Investment income
$23,494
Other revenue
$320,445
Total assets, end of year
$58,198,278
Total liabilities, end of year
$3,785,680
Net assets or fund balances, end of year
$54,412,598
Program services expenses (Part IX)
$6,591,911
Management and general expenses
$2,113,120
Fundraising expenses
$67,070
Program service expenses (Part III)
$6,591,911

Program services were 75.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $694

  • 1d · Related organizations

    $996,776

  • 1f · All other contributions, gifts and grants

    $2,155,231

  • 2a · Program service revenue: TUITION FEES: OST

    total $2,432,097 · related or exempt $2,432,097

  • 2b · Program service revenue: RENEWAL CENTER REVENUE

    total $751,006 · related or exempt $751,006

  • 2c · Program service revenue: TUITION FEES: MTM

    total $483,858 · related or exempt $483,858

  • 3 · Investment income

    total $20,485 · excluded $20,485

  • 6a · Gross rents

    real property $308,328

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $308,328

  • 6d · Net rental income or loss

    total $308,328 · excluded $308,328

  • 7a · Gross sales of assets other than inventory

    securities $2,019,750

  • 7b · Less cost or other basis and sales expenses

    securities $2,016,741

  • 7c · Gain or loss

    securities $3,009

  • 7d · Net gain or loss

    total $3,009 · excluded $3,009

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $694

  • 8b · Fundraising events: direct expenses

    $2,575

  • 8c · Net income from fundraising events

    total -$2,575 · excluded -$2,575

  • 11a · Other revenue: COLLECTIONS FROM BAD DEBT

    total $7,198 · related or exempt $7,198

  • 11b · Other revenue: FSA FORFEITURE

    total $6,492 · excluded $6,492

  • 11c · Other revenue: LIBRARY COPIES & BOOK SALES

    total $1,002 · related or exempt $1,002

  • 11e · Other revenue, total

    $14,692

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,545 · program services $8,545

  • 2 · Grants to domestic individuals

    total $697,727 · program services $697,727

  • 11b · Fees: legal

    total $122 · management and general $122

  • 11c · Fees: accounting

    total $53,539 · program services $18,203 · management and general $35,336

  • 11e · Fees: professional fundraising services

    total $6,000 · fundraising $6,000

  • 11g · Fees: other

    total $170,378 · program services $168,878 · fundraising $1,500

  • 12 · Advertising and promotion

    total $106,598 · program services $1,200 · management and general $105,398

  • 13 · Office expenses

    total $445,050 · program services $305,588 · management and general $139,462

  • 14 · Information technology

    total $141,765 · program services $54,226 · management and general $87,539

  • 16 · Occupancy

    total $712,929 · program services $618,702 · management and general $94,227

  • 17 · Travel

    total $93,015 · program services $81,213 · management and general $11,802

  • 20 · Interest

    total $106,860 · management and general $106,860

  • 22 · Depreciation, depletion and amortization

    total $647,490 · program services $622,962 · management and general $24,528

  • 23 · Insurance

    total $126,282 · program services $33,112 · management and general $93,170

  • 24a · Other expenses: LEASED EMPLOYEE EXPENSE

    total $5,009,221 · program services $3,618,885 · management and general $1,330,766 · fundraising $59,570

  • 24b · Other expenses: KITCHEN EXPENSE

    total $223,661 · program services $223,661

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $115,189 · program services $107,629 · management and general $7,560

  • 24d · Other expenses: BAD DEBT

    total $37,117 · management and general $37,117

  • 24e · All other expenses

    total $70,613 · program services $31,380 · management and general $39,233

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $241,085 · end of year $517,491

  • 3 · Pledges and grants receivable

    beginning of year $2,295,587 · end of year $2,032,558

  • 4 · Accounts receivable

    beginning of year $141,675 · end of year $257,962

  • 7 · Other notes and loans receivable

    beginning of year $31,140 · end of year $19,921

  • 9 · Prepaid expenses and deferred charges

    beginning of year $128,823 · end of year $127,752

  • 10a · Land, buildings and equipment: cost or other basis

    $28,395,906

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,129,556

  • 10c · Land, buildings and equipment, net

    beginning of year $14,882,296 · end of year $15,266,350

  • 11 · Investments: publicly traded securities

    beginning of year $98,661 · end of year $105,874

  • 12 · Investments: other securities

    beginning of year $29,921 · end of year $43,141

  • 15 · Other assets

    beginning of year $39,038,126 · end of year $39,827,229

  • 17 · Accounts payable and accrued expenses

    beginning of year $691,295 · end of year $331,435

  • 19 · Deferred revenue

    beginning of year $194,459 · end of year $278,283

  • 24 · Unsecured notes and loans payable

    beginning of year $2,052,575 · end of year $3,175,962

  • 27 · Net assets without donor restrictions

    beginning of year $12,759,175 · end of year $11,805,053

  • 28 · Net assets with donor restrictions

    beginning of year $41,189,810 · end of year $42,607,545

Mission and programs · 2022

Mission

INSPIRED BY THE CHARISM OF THE MISSIONARY OBLATES OF MARY IMMACULATE, OBLATE SCHOOL OF THEOLOGY EDUCATES, FORMS, AND RENEWS MEN AND WOMEN TO "PREACH THE GOSPEL TO THE MOST ABANDONED."

Activities or mission (Part I)

TO EDUCATE, FORM, AND RENEW MEN AND WOMEN TO "PREACH THE GOSPEL TO THE MOST ABANDONED."

  • OBLATE SCHOOL OF THEOLOGY (OST) IS AN ACCREDITED CATHOLIC SCHOOL OF THEOLOGY OFFERING GRADUATE LEVEL PROGRAMS IN THEOLOGY, PASTORAL MINISTRY AND DIVINITY, A DOCTORAL PROGRAM IN MINISTRY, AND A PHD PROGRAM IN SPIRITUALITY. OST PREPARES MEN FOR PRIESTHOOD FROM MANY DIOCESES AND RELIGIOUS COMMUNITIES ACROSS THE UNITED STATES AND ABROAD. OST ALSO PREPARES MEN AND WOMEN,RELIGIOUS AS WELL AS LAITY, FROM CATHOLIC AND OTHER CHRISTIAN TRADITIONS FOR A VARIETY OF MINISTRIES. DURING FISCAL YEAR 2023 OST PROVIDED EDUCATIONAL SERVICES FOR APPROXIMATELY 202 STUDENTS IN DEGREE PROGRAMS, 207 STUDENTS IN CERTIFICATE PROGRAMS, AND APPROXIMATELY 4,400 PARTICIPANTS AT 44 CONTINUING EDUCATION EVENTS. OST ISSUED DEGREES TO 34 STUDENTS IN MASTERS PROGRAMS, 3 DOCTORAL PROGRAM STUDENTS, 3 PHD STUDENTS, AND 93 STUDENTS IN VARIOUS CERTIFICATE PROGRAMS.

    Expenses $5,131,286 · Grants $706,272 · Revenue $2,857,783

  • THE MINISTRY TO MINISTERS (MTM) PROGRAM OFFERS ACTIVE MINISTERS A FOUR MONTH PROGRAM OF RENEWAL ADDRESSING THE NEEDS OF BODY, MIND AND SPIRIT. THE MTM PROGRAM IS OFFERED TWICE A YEAR. PARTICIPANTS IN THIS PROGRAM ARE HOUSED IN A FACILITY THAT ACCOMMODATES UP TO 25 PEOPLE AT A TIME. DURING FISCAL YEAR 2023 THE PROGRAM HOSTED 38 PARTICIPANTS AND PROVIDED THEM WITH ROOM AND BOARD, MINI-COURSES AND WORKSHOPS FOCUSED ON THEOLOGICAL UPDATING AND RENEWAL, AS WELL AS TOPICS ON INTEGRATIVE SPIRITUALITY.

    Expenses $505,585 · Revenue $464,372

  • THE OBLATE RENEWAL CENTER (ORC) IS A FACILITY FOR RELIGIOUS CONFERENCES, WORKSHOPS, RETREATS, AND SPIRITUAL COUNSELING. THE FACILITIES INCLUDE 3 CONFERENCE ROOMS, SEVERAL SMALLER BREAKOUT ROOMS, LIBRARY, CLASSROOMS AND 60 GUEST ROOMS WITH PRIVATE BATHS. DURING FISCAL YEAR 2023, THE ORC HELD APPROXIMATELY 61 EVENTS RELATED TO RELIGIOUS AND SPIRITUAL CONFERENCES, WORKSHOPS, AND RETREATS AND SERVED AND ACCOMMODATED APPROXIMATELY 11,146 GUESTS DURING THESE EVENTS. ADDITIONALLY, THE ORC RECEIVED $398,000 OF DONATED USE OF FACILITIES WHICH ARE NOT INCLUDED IN THE REVENUE AND EXPENSE REPORTED IN PART III.

    Expenses $955,040 · Revenue $353,006

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Very Rev Louis Studer Omi

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Rev Arthur Flores Omi

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Rev Jim Chambers Omi

    SEC/TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Mr Richard Acosta

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Mr Steve Avery

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dr Lorraine Barnes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Mrs Gayle Marie Benson Homi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Rev Jim Brobst Omi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Most Rev Sylvester Davis Omi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Ms Jasmine Azima

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Mr James Eller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Most Rev Gustavo Garcia-Siller Msps

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Mrs Ginger Kemmy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Rev John Kingbury Cssr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Mr Robert C Kusenberger Jr CPA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Sr Teresa Maya Ccvi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Most Rev Michael F Olson Std Ma

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Rev Jim Myers Pss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Rev Dale Schlitt Omi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Sr Jane Ann Slater Cdp PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Ms Vanessa Vance

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Rev Rufus Whitley Omi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dr Carolyn Woo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Mr Rene Espinosa

    VP-ADMIN AND FINANCE

    Total calculated
    $151,884
    From this org
    $0
    From related orgs
    $114,867
    Other
    $37,017
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $114,867 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $37,017 related
    Filer's total
    $0 + $151,884 related

  • Mrs Claudia Garcia

    VP-INST ADVANCEMENT

    Total calculated
    $107,962
    From this org
    $0
    From related orgs
    $92,752
    Other
    $15,210
    Hours/week
    40

  • Rev Kenneth Hannon Omi

    VP-ACADEMIC AFFAIRS

    Total calculated
    $78,057
    From this org
    $0
    From related orgs
    $71,486
    Other
    $6,571
    Hours/week
    40

  • Rev Jose Anatonio Ponce Diaz Omi

    VP-MISSION

    Total calculated
    $31,908
    From this org
    $0
    From related orgs
    $28,623
    Other
    $3,285
    Hours/week
    20

  • Mr Scott Woodward

    PRESIDENT

    Total calculated
    $112,243
    From this org
    $0
    From related orgs
    $97,879
    Other
    $14,364
    Hours/week
    40

  • Mr Philip Sheldrake

    PROFESSOR

    Total calculated
    $114,994
    From this org
    $0
    From related orgs
    $114,994
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
28 February 2024
IRS schema version
2022v5.0
Source object
202440649349300309

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