Totals
- Total revenue
- $2,064,874
- Total expenses
- $1,689,955
- Contributions and grants received
- $1,185,204
- Grants paid
- $32,948
- Program service revenue
- $0
- Investment income
- $751,571
- Other revenue
- $128,099
- Total assets, end of year
- $16,476,681
- Total liabilities, end of year
- $254,799
- Net assets or fund balances, end of year
- $16,221,882
- Program services expenses (Part IX)
- $462,161
- Management and general expenses
- $1,054,028
- Fundraising expenses
- $173,766
- Program service expenses (Part III)
- $462,161
Program services were 27.3% 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
$44,696
-
1f · All other contributions, gifts and grants
$1,140,508
-
3 · Investment income
total $208,011 · excluded $208,011
-
6a · Gross rents
real property $97,718
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $97,718
-
6d · Net rental income or loss
total $97,718 · related or exempt $97,718
-
7a · Gross sales of assets other than inventory
securities $3,649,001
-
7b · Less cost or other basis and sales expenses
securities $3,105,441
-
7c · Gain or loss
securities $543,560
-
7d · Net gain or loss
total $543,560 · excluded $543,560
-
8a · Fundraising events: gross income
$117,220
-
8a · Fundraising events: contributions included on line 1c
$44,696
-
8b · Fundraising events: direct expenses
$117,220
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: OTHER REVENUE
total $30,381 · related or exempt $30,381
-
11e · Other revenue, total
$30,381
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $32,948 · program services $32,948
-
5 · Compensation of officers, directors and key employees
total $110,145 · program services $13,068 · management and general $77,662 · fundraising $19,415
-
7 · Other salaries and wages
total $395,245 · program services $46,893 · management and general $278,681 · fundraising $69,671
-
8 · Pension plan contributions
total $57,680 · management and general $37,492 · fundraising $20,188
-
9 · Other employee benefits
total $48,421 · management and general $31,474 · fundraising $16,947
-
10 · Payroll taxes
total $30,769 · management and general $20,000 · fundraising $10,769
-
11c · Fees: accounting
total $46,272 · management and general $46,272
-
11f · Fees: investment management
total $67,850 · management and general $67,850
-
11g · Fees: other
total $255,325 · management and general $218,549 · fundraising $36,776
-
12 · Advertising and promotion
total $75,293 · management and general $75,293
-
13 · Office expenses
total $38,649 · management and general $38,649
-
16 · Occupancy
total $114,508 · program services $103,057 · management and general $11,451
-
17 · Travel
total $48,078 · management and general $48,078
-
21 · Payments to affiliates
total $150,000 · program services $150,000
-
22 · Depreciation, depletion and amortization
total $64,560 · program services $58,104 · management and general $6,456
-
24a · Other expenses: SUPPLIES & OTHER EXPENS
total $154,212 · program services $58,091 · management and general $96,121
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $364,488 · end of year $335,160
-
3 · Pledges and grants receivable
beginning of year $25,685 · end of year $218,217
-
4 · Accounts receivable
beginning of year $105,789 · end of year $115,498
-
9 · Prepaid expenses and deferred charges
beginning of year $33,546 · end of year $39,372
-
10a · Land, buildings and equipment: cost or other basis
$4,124,232
-
10b · Land, buildings and equipment: accumulated depreciation
$1,666,178
-
10c · Land, buildings and equipment, net
beginning of year $2,354,168 · end of year $2,458,054
-
11 · Investments: publicly traded securities
beginning of year $359,784 · end of year $399,446
-
12 · Investments: other securities
beginning of year $6,071,700 · end of year $6,482,975
-
15 · Other assets
beginning of year $5,851,742 · end of year $6,427,959
-
17 · Accounts payable and accrued expenses
beginning of year $135,455 · end of year $244,076
-
25 · Other liabilities
beginning of year $9,003 · end of year $10,723
-
27 · Net assets without donor restrictions
beginning of year $8,558,579 · end of year $8,925,875
-
28 · Net assets with donor restrictions
beginning of year $6,463,865 · end of year $7,296,007
Mission and programs · 2023
Mission
THE MISSION OF GAMMON THEOLOGICAL SEMINARY, A HISTORICALLY AFRICAN AMERICAN INSTITUTION, IN PARTNERSHIP WITH THE INTERDENOMINATIONAL THEOLOGICAL CENTER, IS TO RECRUIT, SUPPORT, AND EDUCATE FAITHFUL PASTORS AND LEADERS IN THEIR CALL TO MINISTRY IN THE CHURCH, COMMUNITY, AND THROUGHOUT THE WORLD.
-
FOUNDED IN 1883 BY THE METHODIST EPISCOPAL CHURCH,WITH ASSISTANCE FROM THE FREEDMEN'S AID SOCIETY, GAMMON THEOLOGICAL SEMINARY IS ONE OF THE 13 THEOLOGICAL SCHOOLS OF THE UNITED METHODIST CHURCH. THE FACULTY AND ADMINISTRATION OF GAMMON/ITC CREATE AN ENVIRONMENT WHERE CRITICAL THINKING, INVESTIGATIVE REFLECTION, DECISION-MAKING AND RESPONSIBLE ACTION ARE FOSTERED.THE VISION OF GAMMON THEOLOGICAL SEMINARY IS TO EDUCATE AND EQUIP PERSONS, CALLED BY GOD, TO BECOME PROPHETIC LEADERS FOR THE MISSION OF MAKING DISCIPLES OF JESUS CHRIST FOR THE TRANSFORMATION OF THE WORLD. GAMMON'S HISTORIC COMMITMENT TO PRODUCING PUBLIC THEOLOGIANS - MEN AND WOMEN WHO ARE SPIRITUALLY ASTUTE, INTELLECTUALLY KEEN, POLITICALLY SOPHISTICATED, AND CULTURALLY SENSITIVE - IS ADVANCED WITH THE ESTABLISHMENT OF THE GAMMON CENTER FOR THE STUDY OF RELIGION AND RACE. THE CENTER ENABLES GAMMON TO EDUCATE AND MOBILIZE SEMINARIANS AND OTHERS TO CHALLENGE RACISM THROUGHOUT THE CHURCH AND AROUND THE WORLD. ADDITIONALLY, THE CENTER ENGAGES LEADERS OF ALL ETHNICITIES WHO DESIRE TO WORK AS PARTNERS IN DISMANTLING RACISM. THE CENTER HAS AT ITS CORE THREE MAJOR STRUCTURAL COMPONENTS:- DAMASCUS ROAD EXPERIENCE (ACADEMIC YEAR PROGRAM OPEN TO SEMINARIANS, CLERGY, AND LAY PERSONS- ENCOUNTERS (RETREAT STYLE SETTINGS CALLED SET FREE AND FIRE AND CLAY)- RACIAL JUSTICE INSTITUTE (A SUMMER RESIDENTIAL EXPERIENCE)GAMMON IS POSITIONED TO CONTINUE THE WORK OF DEVELOPING INCLUSIVE, MULTICULTURAL LEADERSHIP FOR THE CHURCH THAT IS REPRESENTATIVE OF AN INCREASINGLY GLOBAL AND URBANIZED SOCIETY.
Expenses $462,161 · Grants $32,948 · Revenue $128,099
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bishop L Jonathan HolstonBISHOP L JONATHAN HOLSTON
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 0
-
Thomas Rumph JrTHOMAS RUMPH JR
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Maxine AllenREV MAXINE ALLEN
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Dr James AnyikeREV DR JAMES ANYIKE
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Dr David AllenREV DR DAVID ALLEN
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Maxine BoldenREV MAXINE BOLDEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Rev Dr Timothy J BowmanREV DR TIMOTHY J BOWMAN
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Dr Monica S Hall EdDREV DR MONICA S HALL EDD
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Dr Katurah W JohnsonREV DR KATURAH W JOHNSON
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Keith E LawderREV KEITH E LAWDER
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Bishop Sharma D LewisBISHOP SHARMA D LEWIS
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Dr Marvin MossREV DR MARVIN MOSS
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Dr Mackie H NorrisDR MACKIE H NORRIS
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Dr Derrick R RhodesREV DR DERRICK R RHODES
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Mathew PinsonMATHEW PINSON
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Tiffanie C PostellREV TIFFANIE C POSTELL
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Dr Ronald D HendersonREV DR RONALD D HENDERSON
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Kevin KoshREV KEVIN KOSH
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Dr Victor T McCulloughREV DR VICTOR T MCCULLOUGH
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Julius L McDowellREV JULIUS L MCDOWELL
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev William B Meekins JrREV WILLIAM B MEEKINS JR
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Paul ThibodeauxREV PAUL THIBODEAUX
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Romonica Malone-WardleyREV ROMONICA MALONE-WARDLEY
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Donald K ReedREV DONALD K REED
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
James H SalleyJAMES H SALLEY
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Dr Tiffany S MurphyREV DR TIFFANY S MURPHY
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Pamela R Lightsey PhDREV PAMELA R LIGHTSEY PHD
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rev Dr Candace M LewisREV DR CANDACE M LEWIS
PRESIDENT-DEAN
- Total calculated
- $194,069
- From this org
- $110,145
- From related orgs
- $0
- Other
- $83,924
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $110,145
- Bonus
- $0
- Other
- $0
- Deferred
- $19,663
- Nontaxable benefits
- $64,261
- Filer's total
- $194,069
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
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 27 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521279349301602
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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