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Nonprofiteer
← PILLAR SEMINARY

Form 990 for tax year 2022

Filed by PILLAR SEMINARY.

Totals

Total revenue
$523,410
Total expenses
$551,374
Contributions and grants received
$250,443
Grants paid
$38,025
Program service revenue
$258,728
Investment income
$12,369
Other revenue
$1,870
Total assets, end of year
$305,679
Total liabilities, end of year
$14,136
Net assets or fund balances, end of year
$291,543
Program services expenses (Part IX)
$290,377
Management and general expenses
$260,793
Fundraising expenses
$204
Program service expenses (Part III)
$290,377

Program services were 52.7% 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.

  • 1f · All other contributions, gifts and grants

    $250,443

  • 2a · Program service revenue: TUITION AND FEES

    total $236,892 · related or exempt $236,892

  • 2b · Program service revenue: AUXILIARY INCOME

    total $21,836 · related or exempt $21,836

  • 3 · Investment income

    total $12,369 · related or exempt $12,369

  • 8a · Fundraising events: gross income

    $1,870

  • 8c · Net income from fundraising events

    total $1,870 · excluded $1,870

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $38,025 · program services $38,025

  • 5 · Compensation of officers, directors and key employees

    total $75,700 · program services $40,878 · management and general $34,822

  • 7 · Other salaries and wages

    total $264,736 · program services $142,958 · management and general $121,778

  • 9 · Other employee benefits

    total $2,584 · program services $1,395 · management and general $1,189

  • 10 · Payroll taxes

    total $61,888 · program services $33,421 · management and general $28,467

  • 11c · Fees: accounting

    total $38,401 · management and general $38,401

  • 11g · Fees: other

    total $12,615 · management and general $12,615

  • 12 · Advertising and promotion

    total $4,579 · management and general $4,579

  • 13 · Office expenses

    total $18,768 · management and general $18,768

  • 17 · Travel

    total $13,789 · program services $13,789

  • 24a · Other expenses: STUDENT SERVICES

    total $19,712 · program services $19,712

  • 24b · Other expenses: OTHER EXPENSES

    total $577 · program services $199 · management and general $174 · fundraising $204

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $235,631 · end of year $251,014

  • 4 · Accounts receivable

    end of year $50,025

  • 9 · Prepaid expenses and deferred charges

    end of year $4,640

  • 17 · Accounts payable and accrued expenses

    end of year $9,136

  • 19 · Deferred revenue

    end of year $5,000

  • 27 · Net assets without donor restrictions

    beginning of year $221,069 · end of year $276,981

  • 28 · Net assets with donor restrictions

    beginning of year $14,562 · end of year $14,562

Mission and programs · 2022

Mission

THE PILLAR SEMINARY PROVIDES EDUCATION FOR THOSE IN OR INTEREST IN LOCAL CHURCH MINISTRY AND MISSIONS. THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO EQUIP PEOPLE FOR MINISTRY THROUGH EDUCATION AND LEADERSHIP TRAINING.

  • BIBLICAL/THEOLOGICAL EDUCATION AND ORGANIZATIONAL LEADERSHIP TRAINING.

    Expenses $290,377 · Grants $38,025 · Revenue $271,097

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

Listed in Part VII

  • DAN LOWERY

    PRESIDENT

    Total calculated
    $61,333
    From this org
    $61,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • ANDREW CRESS

    VP ADIMIN &

    Total calculated
    $14,367
    From this org
    $14,367
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • DEREK COOPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK JORDAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN KIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ZACK MCCOY

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • NEIL STANLEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MANDY STEWART

    DIRECTOR

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
12 May 2024
IRS schema version
2022v5.0
Source object
202401359349304510

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