Skip to content
Nonprofiteer
← INSTITUTE FOR WORSHIP STUDIES FLORIDA CAMPUS INC

Form 990 for tax year 2023

Filed by INSTITUTE FOR WORSHIP STUDIES FLORIDA CAMPUS INC.

Totals

Total revenue
$966,707
Total expenses
$1,241,416
Contributions and grants received
$234,079
Grants paid
$109,516
Program service revenue
$695,727
Investment income
$36,901
Other revenue
$0
Total assets, end of year
$649,431
Total liabilities, end of year
$150,312
Net assets or fund balances, end of year
$499,119
Program services expenses (Part IX)
$658,690
Management and general expenses
$352,955
Fundraising expenses
$229,771
Program service expenses (Part III)
$658,690

Program services were 53.1% 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.

  • 1e · Government grants (contributions)

    $5,062

  • 1f · All other contributions, gifts and grants

    $229,017

  • 2a · Program service revenue: TUITION AND FEES

    total $613,014 · related or exempt $613,014

  • 2b · Program service revenue: AUXILIARY INCOME

    total $82,713 · related or exempt $82,713

  • 3 · Investment income

    total $36,901 · excluded $36,901

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $109,516 · program services $109,516

  • 5 · Compensation of officers, directors and key employees

    total $121,728 · program services $47,730 · management and general $41,254 · fundraising $32,744

  • 7 · Other salaries and wages

    total $503,972 · program services $197,608 · management and general $170,796 · fundraising $135,568

  • 9 · Other employee benefits

    total $11,568 · program services $4,536 · management and general $3,920 · fundraising $3,112

  • 10 · Payroll taxes

    total $35,382 · program services $13,873 · management and general $11,991 · fundraising $9,518

  • 11c · Fees: accounting

    total $8,400 · management and general $8,400

  • 11g · Fees: other

    total $12,835 · program services $7,547 · management and general $1,888 · fundraising $3,400

  • 12 · Advertising and promotion

    total $1,437 · program services $563 · management and general $487 · fundraising $387

  • 13 · Office expenses

    total $18,332 · program services $1,483 · management and general $13,309 · fundraising $3,540

  • 14 · Information technology

    total $26,383 · program services $9,896 · management and general $15,012 · fundraising $1,475

  • 16 · Occupancy

    total $19,962 · program services $4,240 · management and general $13,183 · fundraising $2,539

  • 17 · Travel

    total $77,605 · program services $59,058 · management and general $12,269 · fundraising $6,278

  • 19 · Conferences, conventions and meetings

    total $1,865 · management and general $1,564 · fundraising $301

  • 22 · Depreciation, depletion and amortization

    total $16,556 · management and general $13,882 · fundraising $2,674

  • 23 · Insurance

    total $14,846 · management and general $12,448 · fundraising $2,398

  • 24a · Other expenses: STUDENT SERVICES

    total $155,574 · program services $155,574

  • 24b · Other expenses: OTHER EXPENSES

    total $96,050 · program services $37,661 · management and general $32,552 · fundraising $25,837

  • 24c · Other expenses: ACCREDITATION EXPENSES

    total $9,405 · program services $9,405

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $421,013 · end of year $208,306

  • 3 · Pledges and grants receivable

    beginning of year $1,948 · end of year $17,750

  • 4 · Accounts receivable

    beginning of year $160,365 · end of year $103,108

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,551 · end of year $1,619

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

    $184,696

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

    $152,427

  • 10c · Land, buildings and equipment, net

    beginning of year $46,629 · end of year $32,269

  • 11 · Investments: publicly traded securities

    beginning of year $224,699 · end of year $271,825

  • 15 · Other assets

    beginning of year $18,434 · end of year $14,554

  • 17 · Accounts payable and accrued expenses

    beginning of year $78,866 · end of year $130,593

  • 19 · Deferred revenue

    beginning of year $12,511 · end of year $5,165

  • 25 · Other liabilities

    beginning of year $18,434 · end of year $14,554

  • 27 · Net assets without donor restrictions

    beginning of year $553,718 · end of year $337,013

  • 28 · Net assets with donor restrictions

    beginning of year $220,110 · end of year $162,106

Mission and programs · 2023

Mission

THE INSTITUTE FOR WORSHIP STUDIES FORMS SERVANT LEADERS IN CHRISTIAN WORSHIP RENEWAL AND EDUCATION THROUGH GRADUATE ACADEMIC PRAXIS, GROUNDED IN BIBLICAL, HISTORICAL, THEOLOGICAL, CULTURAL AND MISSIOLOGICAL REFLECTION IN COMMUNITY.

  • INTENSIVE COURSES OF BIBLICAL STUDIES ARE HELD DURING THE YEAR WITH FOLLOW UP FOR STUDENTS VIA THE INTERNET. EIGHT COURSES ARE OFFERED FOR THE MASTER OF WORSHIP STUDIES AND SIX COURSES FOR THE DOCTOR OF WORSHIP STUDIES. TOTAL ENROLLMENT FOR THE FISCAL YEAR WAS APPROXIMATELY 171 STUDENTS. 19 MASTER OF WORSHIP STUDIES DEGREES WERE CONFERRED AND 20 DOCTOR OF WORSHIP STUDIES DEGREES WERE CONFERRED FROM JULY 1, 2018 THROUGH JUNE 30, 2019. THE ADVANCE GRADUATE CERTIFICATES ARE ALL DOCTORAL LEVEL WORK EXCLUDING THE DISSERTATION. TWO OF THESE CERTIFICATES WERE AWARDED.

    Expenses $658,690 · Grants $109,516 · Revenue $695,727

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JAMES R HART

    PRESIDENT

    Total calculated
    $115,280
    From this org
    $79,280
    From related orgs
    $0
    Other
    $36,000
    Hours/week
    40

  • CHRISTINE MATTESON

    VP FINANCE/A

    Total calculated
    $42,448
    From this org
    $42,448
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • ERIC BOLGLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KAI TON CHAU

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • CONSTANCE CHERRY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURA ELVINGTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WENDY LAYLAND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN LINDSELL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • REUBEN RUBIO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EMIL ALBERTINI

    CFO (7/2024)

    Total calculated
    $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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
31 January 2025
IRS schema version
2023v6.0
Source object
202530729349301123

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.