Covenant Theological Seminary Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 15,734 | 25,674 | −9,940 | 160.6 | 0% |
| 2013 | 13,831 | 18,418 | −4,587 | 245.4 | 0% |
| 2014 | 25,297 | 251,803 | −226,506 | 2.7 | 0% |
| 2015 | 279 | 1,828 | −1,549 | 368.2 | 0% |
| 2016 | 1,472,191 | 1,471,280 | 911 | 0.5 | 0% |
| 2017 | 187 | 2,754 | −2,567 | 237.2 | 0% |
| 2018 | 2,346 | 4,925 | −2,579 | 126.3 | 0% |
| 2019 | 4,472 | 6,954 | −2,482 | 85.2 | 0% |
| 2020 | 6,243 | 3,850 | 2,393 | 161.3 | 0% |
| 2021 | 949 | 3,000 | −2,051 | 198.8 | 0% |
In its most recent public year (2021), this organization spent $2,051 more than it brought in. Its reserves stood at about 198.8 months of spending, up from 160.6 in 2012. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2021. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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