Gordon-Conwell Theological Seminary Inc

Gordon-Conwell Theological Seminary Inc

South Hamilton, MA, US
501(c)3
EIN
04-2463847
School

Gordon-Conwell Theological Seminary Inc

South Hamilton, MA, US
501(c)3
EIN
04-2463847
School

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$29,599,126

Program Services
61%
Contributions
28%
Investments
6%
Other
4%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$31,442,001

Salaries & Benefits
44%
Grants
22%
Fees to Service Providers
11%
Offices, Occupancy & IT
11%
Depreciation
4%
Other
4%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,804,810
$8,269,245
+6%
Government Grants
$173,230
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$18,162,720
$18,194,188
+0%
Membership Dues
$0
$0
-
Investments
$1,681,378
$1,900,194
+13%
Other
$1,027,261
$1,235,499
+20%
Total Revenues
$28,849,399
$29,599,126
+3%
Expenses
2023
2024
Change
Grants
$6,844,328
$7,052,241
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,400,508
$13,915,842
+4%
Fees to Service Providers
$3,561,062
$3,501,049
-2%
Advertising & Promotion
$215,622
$131,270
-39%
Offices, Occupancy & IT
$3,190,671
$3,370,397
+6%
Interest
$650,956
$807,564
+24%
Depreciation
$1,351,150
$1,374,608
+2%
Other
$1,349,115
$1,289,030
-4%
Total Expenses
$30,563,412
$31,442,001
+3%
Net income
2023
2024
Change
Net income
-$1,714,013
-$1,842,875
-8%
Functional Expenses
Summary
2023
2024
Change
Program
$24,882,838
$25,312,801
+2%
Admin
$4,674,985
$4,989,722
+7%
Fundraising
$1,005,589
$1,139,478
+13%
Total Expenses
$30,563,412
$31,442,001
+3%
Income Statement
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