Form 990 for tax year 2023
Filed by BIRMINGHAM THEOLOGICAL SEMINARY.
Totals
- Total revenue
- $830,358
- Total expenses
- $905,652
- Contributions and grants received
- $650,702
- Grants paid
- $0
- Program service revenue
- $171,172
- Investment income
- $8,484
- Other revenue
- $0
- Total assets, end of year
- $698,787
- Total liabilities, end of year
- $71,614
- Net assets or fund balances, end of year
- $627,173
- Program services expenses (Part IX)
- $662,489
- Management and general expenses
- $92,273
- Fundraising expenses
- $150,890
- Program service expenses (Part III)
- $662,489
Program services were 73.2% 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.
-
1d · Related organizations
$203,455
-
1f · All other contributions, gifts and grants
$447,247
-
2a · Program service revenue: SEMINARY TUITION ,FEES &OTHER
total $171,172 · related or exempt $171,172
-
3 · Investment income
total $8,484 · related or exempt $8,484
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $118,333 · program services $47,333 · fundraising $71,000
-
7 · Other salaries and wages
total $270,860 · program services $251,758 · management and general $19,102
-
11c · Fees: accounting
total $11,101 · management and general $11,101
-
11f · Fees: investment management
total $4,706 · management and general $4,706
-
11g · Fees: other
total $184,736 · program services $149,414 · management and general $35,322
-
12 · Advertising and promotion
total $150,239 · program services $74,644 · fundraising $75,595
-
13 · Office expenses
total $2,874 · program services $2,874
-
16 · Occupancy
total $54,784 · program services $41,861 · management and general $12,923
-
17 · Travel
total $10,622 · program services $10,622
-
19 · Conferences, conventions and meetings
total $2,872 · program services $2,872
-
23 · Insurance
total $3,880 · management and general $3,880
-
24a · Other expenses: EXTENSION EXPENSES
total $32,775 · program services $32,775
-
24b · Other expenses: SPECIAL PROJECTS
total $19,225 · program services $19,225
-
24c · Other expenses: DISTANCE EDUCATION PROG.
total $8,104 · program services $8,104
-
24d · Other expenses: MEALS
total $7,452 · program services $7,452
-
24e · All other expenses
total $23,089 · program services $13,555 · management and general $5,239 · fundraising $4,295
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $291,235 · end of year $262,652
-
4 · Accounts receivable
beginning of year $33,096 · end of year $23,720
-
11 · Investments: publicly traded securities
beginning of year $389,495 · end of year $403,415
-
15 · Other assets
beginning of year $9,000 · end of year $9,000
-
25 · Other liabilities
beginning of year $30,731 · end of year $71,614
-
27 · Net assets without donor restrictions
beginning of year $692,095 · end of year $627,173
Mission and programs · 2023
Mission
SEMINARY LEVEL EDUCATIONAL TRAINING
-
PROVIDED INSTRUCTION IN AREAS OF RELIGIOUS EDUCATION, BIBLICAL STUDIES, MINISTERIAL STUDIES, BIBLICAL COUNSELING, AND MISSIONS STUDIES. DURING 2023 THE SEMINARY HAD ON AVERAGE APPROXIMATELY 167 STUDENTS, NOT INCLUDING APPROXIMATELY 29,000 STUDENTS ENROLLED IN THE SEMINARY'S FREE ONLINE PROGRAM. DURING 2023 THE SEMINARY GRANTED 14 MASTER DEGREES, 5 DOCTORATE DEGREE AND 6 MINISTRY CERTIFICATES.
Expenses $662,489 · Revenue $171,172
As filed on the 2023 return.
Listed in Part VII
-
Harry L Reeder IVHARRY L REEDER IV
PRESIDENT
- Total calculated
- $118,333
- From this org
- $95,709
- From related orgs
- $0
- Other
- $22,624
- Hours/week
- 40
-
Jeff LowmanJEFF LOWMAN
MEMBER
- Total calculated
- $700
- From this org
- $700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Lance BlackLANCE BLACK
MEMBER
- Total calculated
- $0
- Hours/week
- 0.38
-
Ward BursleyWARD BURSLEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.38
-
Tremaine DavisTREMAINE DAVIS
MEMBER
- Total calculated
- $0
- Hours/week
- 0.38
-
John DonaldsonJOHN DONALDSON
MEMBER
- Total calculated
- $0
- Hours/week
- 0.38
-
Jeff DunnJEFF DUNN
MEMBER
- Total calculated
- $0
- Hours/week
- 0.38
-
Ed HartED HART
MEMBER
- Total calculated
- $0
- Hours/week
- 0.38
-
Mark HessMARK HESS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.38
-
Don Murphy JrDON MURPHY JR
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 0.38
-
Robert M Alexander JrROBERT M ALEXANDER JR
MEMBER
- Total calculated
- $0
- Hours/week
- 0.38
-
Rick KeseckerRICK KESECKER
MEMBER
- Total calculated
- $0
- Hours/week
- 0.38
-
Tim MorrisonTIM MORRISON
MEMBER
- Total calculated
- $0
- Hours/week
- 0.38
-
Michael ReevesMICHAEL REEVES
MEMBER
- Total calculated
- $0
- Hours/week
- 0.38
-
Drew RickettsDREW RICKETTS
MEMBER
- Total calculated
- $0
- Hours/week
- 0.38
-
Nathan SasseNATHAN SASSE
MEMBER
- Total calculated
- $0
- Hours/week
- 0.38
-
Bill ShimerBILL SHIMER
MEMBER
- Total calculated
- $0
- Hours/week
- 0.38
-
Tom SmithermanTOM SMITHERMAN
MEMBER
- Total calculated
- $0
- Hours/week
- 0.38
-
Thomas WilderTHOMAS WILDER
MEMBER
- Total calculated
- $0
- Hours/week
- 0.38
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.
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.
-
501C3 · CHURCH · AL
Directly controlled by YES
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202442889349300434
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