Totals
- Total revenue
- $5,447,850
- Total expenses
- $5,073,225
- Contributions and grants received
- $3,944,412
- Grants paid
- $0
- Program service revenue
- $1,073,633
- Investment income
- $11,200
- Other revenue
- $418,605
- Total assets, end of year
- $24,941,885
- Total liabilities, end of year
- $818,280
- Net assets or fund balances, end of year
- $24,123,605
- Program services expenses (Part IX)
- $3,387,462
- Management and general expenses
- $1,235,777
- Fundraising expenses
- $449,986
- Program service expenses (Part III)
- $3,387,462
Program services were 66.8% 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
$3,944,412
-
2a · Program service revenue: Other Income
-
2b · Program service revenue: Tuition Income
total $1,073,633 · related or exempt $1,073,633
-
3 · Investment income
total $11,200 · related or exempt $11,200
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Dormitory Income
total $687,088 · related or exempt $687,088
-
11b · Other revenue: Other Income
total $63,230 · related or exempt $63,230
-
11c · Other revenue: Unrealized stock Income
total -$331,713 · excluded -$331,713
-
11e · Other revenue, total
$418,605
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $728,233 · management and general $728,233
-
6 · Compensation of disqualified persons
total $2,528,080 · program services $2,206,269 · management and general $45,630 · fundraising $276,181
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $495,181 · program services $290,493 · management and general $102,355 · fundraising $102,333
-
23 · Insurance
total $0
-
24a · Other expenses: Other Administration Expenses
total $390,843 · program services $147,021 · management and general $232,987 · fundraising $10,835
-
24b · Other expenses: Campus Expenses
total $312,487 · program services $199,488 · management and general $74,493 · fundraising $38,506
-
24c · Other expenses: Dorm Expenses
total $263,006 · program services $263,006
-
24d · Other expenses: Grants
total $132,281 · program services $131,376 · management and general $905
-
24e · All other expenses
total $223,114 · program services $149,809 · management and general $51,174 · fundraising $22,131
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,719,003 · end of year $8,722,652
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $234,123 · end of year $431,518
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $45,342 · end of year $63,674
-
10a · Land, buildings and equipment: cost or other basis
$17,851,626
-
10b · Land, buildings and equipment: accumulated depreciation
$4,560,373
-
10c · Land, buildings and equipment, net
beginning of year $13,783,787 · end of year $13,291,253
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $2,459,629 · end of year $2,161,614
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $271,174
-
17 · Accounts payable and accrued expenses
beginning of year $78,844 · end of year $477
-
19 · Deferred revenue
beginning of year $102,510
-
25 · Other liabilities
beginning of year $311,550 · end of year $817,803
-
27 · Net assets without donor restrictions
beginning of year $20,362,988 · end of year $15,481,540
-
28 · Net assets with donor restrictions
beginning of year $3,385,992 · end of year $8,642,065
Mission and programs · 2022
Mission
Logos Evangelical Seminary equips servant-leaders in the four core areas of spiritual formation, academic excellence, ministerial competence and godly living; to serve Christ's Church and to proclaim the gospel to the world effectively.
-
Logos Evangelical Seminary operates for the purpose of educating Taiwanese and Madarin-speaking ministers
Expenses $3,387,462 · Revenue $5,029,245
As filed on the 2022 return.
Listed in Part VII
-
Chenpei Hwang
President
- Total calculated
- $122,003
- From this org
- $122,003
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Chloe Sun
Academic Dean
- Total calculated
- $87,999
- From this org
- $87,999
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Felix Liu
CEO
- Total calculated
- $84,567
- From this org
- $84,567
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
James Tsai
CFO
- Total calculated
- $80,656
- From this org
- $80,656
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Kathleen Lin
Director of President's Office
- Total calculated
- $77,670
- From this org
- $77,670
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Mark Yong Shen
Director of Advancement
- Total calculated
- $76,302
- From this org
- $76,302
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jane Lu
Dean of Academics
- Total calculated
- $69,969
- From this org
- $69,969
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Henry Chen
Director of Logos Chicago Campus
- Total calculated
- $65,266
- From this org
- $65,266
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jen Chin Liu
Dean of Students
- Total calculated
- $63,801
- From this org
- $63,801
- From related orgs
- $0
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313209349303921
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