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← SOCIETY FOR PROMOTING THEOLOGICAL EDUCATION

Form 990 for tax year 2022

Filed by SOCIETY FOR PROMOTING THEOLOGICAL EDUCATION.

Totals

Total revenue
$90,619
Total expenses
$188,080
Contributions and grants received
$0
Grants paid
$130,380
Program service revenue
$0
Investment income
$91,526
Other revenue
-$907
Total assets, end of year
$4,215,728
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,215,728
Program services expenses (Part IX)
$155,340
Management and general expenses
$32,740
Fundraising expenses
$0
Program service expenses (Part III)
$155,340

Program services were 82.6% 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.

  • 3 · Investment income

    total $86,079 · excluded $86,079

  • 7a · Gross sales of assets other than inventory

    securities $93,401

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

    securities $87,954

  • 7c · Gain or loss

    securities $5,447

  • 7d · Net gain or loss

    total $5,447 · excluded $5,447

  • 11a · Other revenue: Passthrough investment

    total -$907 · unrelated business -$889 · excluded -$18

  • 11e · Other revenue, total

    -$907

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $130,380 · program services $130,380

  • 11b · Fees: legal

    total $12,713 · program services $12,713

  • 11c · Fees: accounting

    total $4,500 · program services $2,250 · management and general $2,250

  • 11g · Fees: other

    total $39,987 · program services $9,997 · management and general $29,990

  • 24a · Other expenses: US Treasury filing fees

    total $500 · management and general $500

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $254,342 · end of year $80,118

  • 11 · Investments: publicly traded securities

    beginning of year $4,384,002 · end of year $4,088,990

  • 12 · Investments: other securities

    beginning of year $46,458 · end of year $46,620

  • 29 · Capital stock, trust principal or current funds

    beginning of year $4,684,802 · end of year $4,215,728

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

The Organization exists to assist youths of moral character in preparing themselves for faith-based ministry and to promote theological education. The Society fulfills its mission through supporting the President and Fellows of Harvard College.

Activities or mission (Part I)

To support the operations and functions of the Harvard Divinity School.

  • In furtherance of its core mission, the Society generates funding which it donates in furtherance of the goals and purpose of the President and Fellows of Harvard College, the Society's supported organization. The Society's funds aims to fully support the functions and operations of the Harvard Divinity School.

    Expenses $155,340 · Grants $130,380

As filed on the 2022 return.

Listed in Part VII

  • Rev Laura Tuach

    Director

    Total calculated
    $125,490
    From this org
    $0
    From related orgs
    $100,146
    Other
    $25,344
    Hours/week
    1

  • Samuel Perry

    Director

    Total calculated
    $0
    Hours/week
    1

  • Harold Babcock

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rev Judy Brain

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rev Catie Scudera

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rev John E Gibbons

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rev Mark J T Caggiano

    President

    Total calculated
    $0
    Hours/week
    1

  • Rev Kenneth A Clarke Esq

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Rev Dudley Rose

    Secretary

    Total calculated
    $0
    Hours/week
    1

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.

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
10 February 2024
IRS schema version
2022v5.0
Source object
202400439349301825

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