Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
Foundation for Theological Education in Asia and the Pacific
 
Number and street (or P.O. box number if mail is not delivered to street address)35 Williams Path
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
West Barnstable, MA02668
A Employer identification number

23-7362344
B Telephone number (see instructions)

(412) 522-4174
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$18,623,351J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 365,490
b Gross sales price for all assets on line 6a 1,000,000
7 Capital gain net income (from Part IV, line 2)... 365,490
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
76,896 0 0
12 Total. Add lines 1 through 11........ 442,386 365,490 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 113,925     113,925
14 Other employee salaries and wages...... 41,083     41,083
15 Pension plans, employee benefits....... 14,002     14,002
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
5,629 0 0 5,629
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
72,442 14,488 0 57,954
c Other professional fees (attach schedule).... 0 0 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
15,807 0 0 15,807
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 13,713     13,713
21 Travel, conferences, and meetings....... 65,207     65,207
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
92,492 0 0 92,492
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 434,300 14,488 0 419,812
25 Contributions, gifts, grants paid....... 608,871 561,301
26 Total expenses and disbursements. Add lines 24 and 25 1,043,171 14,488 0 981,113
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -600,785
b Net investment income (if negative, enter -0-) 351,002
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 177,716 140,738 140,738
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   7,627 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
0 		0
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 18,134,161 Click to see attachment
List of Attached Documents:
// Content
18,473,802 		18,473,802
14 Land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
8,811 		Click to see attachment
List of Attached Documents:
// Content
8,811
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 18,319,504 18,623,351 18,623,351
Liabilities 17 Accounts payable and accrued expenses.......... 9,035 16,527
18 Grants payable................. 121,493 47,500
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,018 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 133,546 64,027
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 15,420,609 15,768,095
25 Net assets with donor restrictions............ 2,765,349 2,791,229
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 18,185,958 18,559,324
30 Total liabilities and net assets/fund balances (see instructions). 18,319,504 18,623,351
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
18,185,958
2
Enter amount from Part I, line 27a .....................
2
-600,785
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
974,151
4
Add lines 1, 2, and 3 ..........................
4
18,559,324
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
18,559,324
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly traded securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,000,000   634,510 365,490
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a     0 365,490
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 365,490
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 4,879
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) Click to see attachment
List of Attached Documents:
// Content
2 0
3 Add lines 1 and 2........................... 3 4,879
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,879
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 4,650
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,650
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 1,771
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow1,771 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowGA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.fteap.org
14
The books are in care ofright arrowKurt Gabbard Telephone no.right arrow (512) 350-5070

Located atright arrow5031 Mead DriveDoylestownPA ZIP+4right arrow18902
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
Yes
 
If "Yes," list the years right arrow2023, 2022, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
Yes
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Rev Dr David Easterline Chair
0.25 		0 0  
35 Williams Path
West Barnstable,MA02668
Ms Patti Talbot Vice Chair
0.25 		0 0  
35 Williams Path
West Barnstable,MA02668
Kurt Gabbard Treasurer
2.00 		0 0  
35 Williams Path
West Barnstable,MA02668
Rev Dr Franklin Ishida Secretary
0.25 		0 0  
35 Williams Path
West Barnstable,MA02668
Dr Mary F Foskett Trustee
0.25 		0 0  
35 Williams Path
West Barnstable,MA02668
REv Jae Hyoung Choi Trustee
0.25 		0 0  
35 Williams Path
West Barnstable,MA02668
Rev Dr J Dorcas Gordon Trustee
0.25 		0 0  
35 Williams Path
West Barnstable,MA02668
Rev Dr Ben Chan Trustee
0.25 		0 0  
35 Williams Path
West Barnstable,MA02668
Dr Esther Theonagrapha Trustee
0.25 		0 0  
35 Williams Path
West Barnstable,MA02668
Rev Dr Christine J Hong Trustee
0.25 		0 0  
35 Williams Path
West Barnstable,MA02668
Rev Bruce Woodcock Trustee
0.25 		0 0  
35 Williams Path
West Barnstable,MA02668
Rev Dr Kenneth J Woo Trustee
0.25 		0 0  
35 Williams Path
West Barnstable,MA02668
Dr Derek Duncan Trustee
0.25 		0 0  
35 Williams Path
West Barnstable,MA02668
Dr Kyrie Kim Trustee
0.25 		0 0  
35 Williams Path
West Barnstable,MA02668
Rev Dr Wati Longchar Executive Director
35.00 		101,296 12,629  
35 Williams Path
West Barnstable,MA02668
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow 1
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
 
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
18,622,367
b
Average of monthly cash balances.......................
1b
134,101
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
18,756,468
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
18,756,468
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
281,347
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
18,475,121
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
923,756
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
923,756
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
4,879
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,879
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
918,877
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
918,877
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
918,877
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
981,113
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
981,113
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 918,877
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 863,888
b Total for prior years:20 , 20, 2020 12,191
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 981,113
a Applied to 2023, but not more than line 2a 863,888
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 117,225
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024.   0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		12,191
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		12,191
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		801,652
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

Association for Theological Education in Southeast Asia

Lopez Jaena Street Jaro
Iloilo City,Iloilo5000
RP 		  NC Improve theological education in Asia and the Pacific 69,040

Myanmar Institute of Theology

Seminary Hill
Insein,Yangon11011
BM 		  NC Improve theological education in Asia and the Pacific 58,700

Senate of Serampore

10 William Carey Road
Mac House Complex
Serampore   712201
IN 		  NC Improve theological education in Asia and the Pacific 46,500

World Council of Churches-Bossey

Chemin Cheneviere 2
BogisBossey   CH1279
SZ 		  NC Scholarships 40,000

Bangkok Institute of Theology

71 Wachiratham Sathit 37 Alley
Bang Chak
Phra Khanong,Bangkok10260
TH 		  NC Improve theological education in Asia and the Pacific 33,000

South Pacific Assoc of Theological Schools

PO Box 2426
Government Building
Suva    
FJ 		  NC Improve theological education in Asia and the Pacific 31,000

Friends of Burma

548 Home Ave
Fort Wayne,IN46807 		  PC Improve theological education in Asia and the Pacific 23,500

The Association of Theological Schools in Indonesia

Jl Proklamasi 27
Jakarta   10320
ID 		  NC Improve theological education in Asia and the Pacific 20,000

The Asian Womens Resource Center for Culture and Theology (AWRC)

7F-1 No 75 HuaFu Street
North District
Taichung City   40453
TW 		  NC Improve theological education in Asia and the Pacific 20,000

World Council of Churches Ecumenical Institute

Cheminn de Cheneviere 2
BogisBossey   1279
SZ 		  NC Improve theological education in Asia and the Pacific 20,000

Grace Foundation

No 6-5 Ln 685 Xiaodong Rd
Tainan City,Yongkang Dist.710
TW 		  NC Improve theological education in Asia and the Pacific 15,000

Karen Baptist Theological Seminary

Seminary Hill
Yangon    
BM 		  NC Improve theological education in Asia and the Pacific 15,000

St Andrew's Theological Seminary

275 E Rodriguez Sr Avenue
Quezon City   1102
RP 		  NC Improve theological education in Asia and the Pacific 14,101

Central Philippine University

Lopez Jaena Street
Iloilo City,Jaro5000
RP 		  NC Improve theological education in Asia and the Pacific 12,000

Community Resource Corp

4731 Bankside Way
Peachtree Corners,GA30092 		  PC Improve theological education in Asia and the Pacific 10,000

Globethic

Chemin du Pavillon 2
1218 Le Grand-Saconnex
Geneva    
SZ 		  NC Improve theological education in Asia and the Pacific 10,000

Pacific Theological College Bursers

78 Vuya Rd
Veiuto,Suva  
FJ 		  NC Improve theological education in Asia and the Pacific 10,000

Philipine Theological Graduate Union

Aguinaldo Highway
Sampaloc 1
City of Dasmarinas,Cavite  
RP 		  NC Improve theological education in Asia and the Pacific 10,000

Yushan Theological College & Seminary

No 28 Section 1 Chinan Road
Chinan Village
Shoufeng Township,Hualien County974011
TW 		  NC Improve theological education in Asia and the Pacific 10,000

Pemegang Amanah Seminari Theoloji Malaysia

Lot 3011 Taman South East
Seremban,Negeri Sembilan70100
MY 		  NC Improve theological education in Asia and the Pacific 8,000

Philippine Baptist Seminary

PBTS 19 Tacay Rd
Guisad Central
Baguio City    
RP 		  NC Improve theological education in Asia and the Pacific 8,000

Nepal Baptist Seminary

PO 8975
EPC 1051
Kathmandu   44600
NP 		  NC Improve theological education in Asia and the Pacific 7,000

Eastern Theological College

Rajabari
Assam,Jorhat785014
IN 		  NC Improve theological education in Asia and the Pacific 5,000

PANAAAWTM Spelman College

Cosby Academic Center Room 436 350
Spelman Lane Campus Box 37
Atlanta,GA30314 		  PC Improve theological education in Asia and the Pacific 5,000

Trulock Theological Seminary

RWFV3W4 Indo-Myanmar Rd
Kabo Leika
Imphal,Manipur795001
IN 		  NC Improve theological education in Asia and the Pacific 5,000

Union Theological Seminary

Emilio Aguinaldo Highway
Sampaloc 1
Dasmarias City,Cavite4114
RP 		  NC Improve theological education in Asia and the Pacific 5,000

Diocese of Cuttack

FVJPRQ5 Bishops house Mission R
Buxi Bazar
Cuttack,Odisha753001
IN 		  NC Improve theological education in Asia and the Pacific 4,000

Payap University

Mae Khao Campus Super Highway
Chiang Mai-Lampang Road
Chiang Mai,Mueang District50000
TH 		  NC Improve theological education in Asia and the Pacific 4,000

Sekolah Tinggi Teologi GPI PAPUA

J1 Kapt Pattimuara 1
Fak Fak Selatan
Fak Fak   98611
ID 		  NC Improve theological education in Asia and the Pacific 4,000

Sekolah Tinggi Teologi Mamasa

Kampung Baru
Bunta Buda Village
Mamasa   91362
ID 		  NC Improve theological education in Asia and the Pacific 4,000

Sekolah Tinggi Teologi Nazarene

PO Box 7 J1 Sani
Bokoharjo Kadisoka
Purwomartani,Kalasan, Sleman55282
ID 		  NC Improve theological education in Asia and the Pacific 4,000

Union Theo College

Emilio Aguinaldo Highway
Sampaloc
Dasmarinas City,Cavite4114
RP 		  NC Improve theological education in Asia and the Pacific 4,000

Clark Theological Seminary

Aolijen
Mokokchung,Mokokchung798601
IN 		  NC Improve theological education in Asia and the Pacific 4,000

Gurukul Lutheran Theo College

Gurukul Campus 94
Purasaivakkam High Rd
Kilpauk Chennai,Tamil Na600010
IN 		  NC Improve theological education in Asia and the Pacific 3,500

Claremont School of Theology

1325 North College Avenue
Claremont,CA91711 		  PC Improve theological education in Asia and the Pacific 3,000

Brokenshire College

Madapo Poblacion
Davao del Sur
Davao City,Poblacion8000
RP 		  NC Improve theological education in Asia and the Pacific 3,000

Theological College of Lanka

7H89J4Q Colombo-Kandy Rd
Colombo Road
  Pilimathalawa  
CE 		  NC Improve theological education in Asia and the Pacific 3,000

Graduate Theological Union

2400 Ridge Rd
Berkely,CA94709 		  PC Improve theological education in Asia and the Pacific 3,000

Jakarta Theological Seminary

11 Jl Proklamasi No27 11 RT11/
Pegangsaan Kec Menteng
Kota Jakarta Pusat,Daerah Khusus10320
ID 		  NC Improve theological education in Asia and the Pacific 2,500

Sabah Theological Seminary

POBox 11925
Kota Kinabalu,Sabah88821
MY 		  NC Improve theological education in Asia and the Pacific 2,000

China Christian Council

No 219 Jiujiang Road
Shanghai,Huangpu District200002
CH 		  NC Improve theological education in Asia and the Pacific 1,500

Digital Theological Library

1893 Vista Way
El Gajon,CA82019 		  PC Improve theological education in Asia and the Pacific 960
Total .................................right arrow 3a 561,301
bApproved for future payment

Grace Foundation
No 6-5 Ln 685 Xiaodong Rd
Tainan City,Yongkang Dist.710
TW 		None NC Improve theological education in Asia and the Pacific 20,000

College of St John the Evangelist
202/210 St Johns Road
Meadowbank,Aukland1072
NZ 		None NC Improve theological education in Asia and the Pacific 10,000

Centre for Theological Formation in Timor Leste
PO Box 46 Dili
Rua dos Martires da Patria
Ponte CPLP Comoro    
TT 		None NC Improve theological education in Asia and the Pacific 9,500

Eastern Theological College
Rajabari
Assam,Jorhat785014
IN 		None NC Improve theological education in Asia and the Pacific 4,000

Nagaland Baptist Church Council for Trinity Theological College
Bayavu Hill
PO Box 71
Kohima,Nagaland797001
IN 		None NC Improve theological education in Asia and the Pacific 4,000
Total ................................. right arrow 3b 47,500
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 365,490  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMisc. Income 		900099       79,094
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 365,490 79,094
13Total. Add line 12, columns (b), (d), and (e)..................
13
444,584
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form Other income earned in carrying on the organization's exempt purpose
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
Foundation for Theological Education in Asia and the Pacific
EIN:
23-7362344
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting fees 72,442 14,488   57,954

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 ExpenditureResponsibilityStmt
Name:
Foundation for Theological Education in Asia and the Pacific
EIN:
23-7362344
Software ID:
24020961
Software Version:
2024v5.1
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
Association for Theological Education in Southeast Asia
  		Lopez Jaena Street Jaro
Iloilo City,Iloilo5000
RP 		2024-10-31 69,040 Improve theological education in Asia and the Pacific 69,040 No Jul 01, 2025 2025-07-25 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Myanmar Institute of Theology
  		Seminary Hill
Insein,Yangon11011
BM 		2024-12-18 58,700 Improve theological education in Asia and the Pacific 58,700 No Jun 29, 2025 2025-06-29 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Senate of Serampore
  		10 William Carey Road
Mac House Complex
Serampore   712201
IN 		2024-12-02 46,500 Improve theological education in Asia and the Pacific 46,500 No Dec 14, 2024 2024-12-14 Based on the review of the specified reports, it appears that the funds were utilized as intended.
World Council of Churches-Bossey
  		Chemin Cheneviere 2
BogisBossey   CH1279
SZ 		2024-04-30 40,000 Scholarships 40,000 No Dec 09, 2024 2024-12-09 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Bangkok Institute of Theology
  		71 Wachiratham Sathit 37 Alley
Bang Chak
Phra Khanong,Bangkok10260
TH 		2024-12-17 33,000 Improve theological education in Asia and the Pacific 33,000 No Jul 07, 2025 2025-07-07 Based on the review of the specified reports, it appears that the funds were utilized as intended.
South Pacific Assoc of Theological Schools
  		PO Box 2426
Government Building
Suva    
FJ 		2024-12-18 31,000 Improve theological education in Asia and the Pacific 31,000 No Sep 03, 2025 2025-09-08 Based on the review of the specified reports, it appears that the funds were utilized as intended.
The Association of Theological Schools in Indonesia
  		Jl Proklamasi 27
Jakarta   10320
ID 		2024-12-18 20,000 Improve theological education in Asia and the Pacific 10,000 No Mar 05, 2025 2025-03-05 Based on the review of the specified reports, it appears that the funds were utilized as intended.
The Asian Women's Resource Center for Culture and Theology (AWRC)
  		7F-1 No 75 HuaFu Street
North District
Taichung City   40453
TW 		2024-07-22 20,000 Improve theological education in Asia and the Pacific 20,000 No Apr 18, 2025 2025-04-18 Based on the review of the specified reports, it appears that the funds were utilized as intended.
World Council of Churches Ecumenical Institute
  		Cheminn de Cheneviere 2
BogisBossey   1279
SZ 		2025-03-14 20,000 Improve theological education in Asia and the Pacific 20,000 No Postpone to 2026   Based on the review of the specified reports, it appears that the funds were utilized as intended.
Grace Foundation
  		No 6-5 Ln 685 Xiaodong Rd
Tainan City,Yongkang Dist.710
TW 		2024-10-28 15,000 Improve theological education in Asia and the Pacific 15,000 No Aug 15, 2025 2025-08-15 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Karen Baptist Theological Seminary
  		Seminary Hill
Yangon    
BM 		2024-10-28 15,000 Improve theological education in Asia and the Pacific 15,000 No Jul 03, 2025 2025-07-03 Based on the review of the specified reports, it appears that the funds were utilized as intended.
St Andrew's Theological Seminary
  		275 E Rodriguez Sr Avenue
Quezon City   1102
RP 		2025-01-27 14,101 Improve theological education in Asia and the Pacific 14,101 No Mar 20, 2025 2025-03-20 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Central Philippine University
  		Lopez Jaena Street
Iloilo City,Jaro5000
RP 		2024-12-17 12,000 Improve theological education in Asia and the Pacific 12,000 No Aug 05, 2025 2025-08-05 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Globethic
  		Chemin du Pavillon 2
1218 Le Grand-Saconnex
Geneva    
SZ 		2024-03-15 10,000 Improve theological education in Asia and the Pacific 10,000 No Mar 19, 2024 2024-03-19 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Pacific Theological College Bursers
  		78 Vuya Rd
Veiuto,Suva  
FJ 		2024-03-04 10,000 Improve theological education in Asia and the Pacific 10,000 No Nov 21, 2024 2024-11-21 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Philipine Theological Graduate Union
  		Aguinaldo Highway
Sampaloc 1
City of Dasmarinas,Cavite  
RP 		2024-06-28 10,000 Improve theological education in Asia and the Pacific 10,000 No Oct 04, 2025 2025-10-04 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Yushan Theological College & Seminary
  		No 28 Section 1 Chinan Road
Chinan Village
Shoufeng Thownship,Hualien County974011
TW 		2024-10-30 10,000 Improve theological education in Asia and the Pacific 10,000 No Nov 12, 2024 2024-11-12 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Pemegang Amanah Seminari Theoloji Malaysia
  		Lot 3011 Taman South East
Seremban,Negeri Sembilan70100
MY 		2024-10-30 8,000 Improve theological education in Asia and the Pacific 8,000 No Aug 29, 2025 2025-08-29 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Philippine Baptist Seminary
  		PBTS 19 Tacay Rd
Guisad Central
Baguio City    
RP 		2024-05-06 8,000 Improve theological education in Asia and the Pacific 8,000 No Aug 13, 2024 2024-08-13 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Nepal Baptist Seminary
  		PO 8975
EPC 1051
Kathmandu   44600
NP 		2024-12-18 7,000 Improve theological education in Asia and the Pacific 7,000 No Carry Forward to Nov 16-17, 2025   Based on the review of the specified reports, it appears that the funds were utilized as intended.
Eastern Theological College
  		Rajabari
Assam,Jorhat785014
IN 		2024-12-02 5,000 Improve theological education in Asia and the Pacific 5,000 No May 22, 2025 2025-05-22 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Trulock Theological Seminary
  		RWFV3W4 Indo-Myanmar Rd
Kabo Leika
Imphal,Manipur795001
IN 		2024-06-21 5,000 Improve theological education in Asia and the Pacific 5,000 No Apr 08, 2025 2025-04-08 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Union Theological Seminary
  		Emilio Aguinaldo Highway
Sampaloc 1
Dasmarias City,Cavite4114
RP 		2024-12-02 5,000 Improve theological education in Asia and the Pacific 5,000 No Oct 04, 2025 2025-10-04 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Diocese of Cuttack
  		FVJPRQ5 Bishops house Mission R
Buxi Bazar
Cuttack,Odisha753001
IN 		2024-12-17 4,000 Improve theological education in Asia and the Pacific 4,000 No Aug 19, 2025 2025-08-19 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Payap University
  		Mae Khao Campus Super Highway
Chiang Mai-Lampang Road
Chiang Mai,Mueang District50000
TH 		2024-12-17 4,000 Improve theological education in Asia and the Pacific 4,000 No Jun 28, 2025 2025-06-28 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Sekolah Tinggi Teologi GPI PAPUA
  		J1 Kapt Pattimuara 1
Fak Fak Selatan
Fak Fak   98611
ID 		2024-04-18 4,000 Improve theological education in Asia and the Pacific 4,000 No Scheduled in Nov 27-28, 2025   Based on the review of the specified reports, it appears that the funds were utilized as intended.
Sekolah Tinggi Teologi Mamasa
  		Kampung Baru
Bunta Buda Village
Mamasa   91362
ID 		2024-02-23 4,000 Improve theological education in Asia and the Pacific 4,000 No Jun 20, 2025 2025-06-20 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Sekolah Tinggi Teologi Nazarene
  		PO Box 7 J1 Sani
Bokoharjo Kadisoka
Purwomartani,Kalasan, Sleman55282
ID 		2024-12-17 4,000 Improve theological education in Asia and the Pacific 4,000 No Research Undertaking   Based on the review of the specified reports, it appears that the funds were utilized as intended.
Union Theo College
  		Emilio Aguinaldo Highway
Sampaloc
Dasmarinas City,Cavite4114
RP 		2024-12-02 4,000 Improve theological education in Asia and the Pacific 4,000 No Jul 02, 2025 2025-07-02 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Clark Theological Seminary
  		Aolijen
Mokokchung,Mokokchung798601
IN 		2024-12-31 4,000 Improve theological education in Asia and the Pacific 4,000 No 2024-12-31T00:00:00 2024-12-31 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Gurukul Lutheran Theo College
  		Gurukul Campus 94
Purasaivakkam High Rd
Kilpauk Chennai,Tamil Nadu600010
IN 		2024-12-02 3,500 Improve theological education in Asia and the Pacific 3,500 No Oct 15, 2025 2025-10-15 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Brokenshire College
  		Madapo Poblacion
Davao del Sur
Davao City,Poblacion8000
RP 		2024-10-28 3,000 Improve theological education in Asia and the Pacific 3,000 No Sep 25, 2025 2025-09-25 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Theological College of Lanka
  		7H89J4Q Colombo-Kandy Rd
Colombo Road
  Pilimathalawa  
CE 		2024-12-18 3,000 Improve theological education in Asia and the Pacific 3,000 No Aug 20, 2025 2025-08-20 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Jakarta Theological Seminary
  		11 Jl Proklamasi No27 11 RT11/
Pegangsaan Kec Menteng
Kota Jakarta Pusat,Daerah Khusus10320
ID 		2024-10-28 2,500 Improve theological education in Asia and the Pacific 2,500 No Jul 30, 2025 2025-07-30 Based on the review of the specified reports, it appears that the funds were utilized as intended.
Sabah Theological Seminary
  		POBox 11925
Kota Kinabalu,Sabah88821
MY 		2024-10-31 2,000 Improve theological education in Asia and the Pacific 2,000 No May 16, 2025 2025-05-16 Based on the review of the specified reports, it appears that the funds were utilized as intended.
China Christian Council
  		No 219 Jiujiang Road
Shanghai,Huangpu District200002
CH 		2024-12-02 1,500 Improve theological education in Asia and the Pacific 1,500 No Jun 26, 2025 2025-06-26 Based on the review of the specified reports, it appears that the funds were utilized as intended.

TY 2024 InvestmentsOtherSchedule2
Name:
Foundation for Theological Education in Asia and the Pacific
EIN:
23-7362344
Software ID:
24020961
Software Version:
2024v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
U.S. equities FMV 6,692,591 6,692,591
Fixed income securities FMV 6,336,020 6,336,020
International equities FMV 5,320,894 5,320,894
Other FMV 124,297 124,297

TY 2024 LegalFeesSchedule
Name:
Foundation for Theological Education in Asia and the Pacific
EIN:
23-7362344
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal fees 5,629     5,629


TY 2024 OtherAssetsSchedule
Name:
Foundation for Theological Education in Asia and the Pacific
EIN:
23-7362344
Software ID:
24020961
Software Version:
2024v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Right-of-use assets   8,811 8,811


TY 2024 OtherExpensesSchedule
Name:
Foundation for Theological Education in Asia and the Pacific
EIN:
23-7362344
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Bank service charges 3,582     3,582
Insurance 4,634     4,634
Office expenses 3,904     3,904
Program committee expenses 80,372     80,372


TY 2024 OtherIncomeSchedule2
Name:
Foundation for Theological Education in Asia and the Pacific
EIN:
23-7362344
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Miscellaneous income 76,896    


TY 2024 OtherIncreasesSchedule
Name:
Foundation for Theological Education in Asia and the Pacific
EIN:
23-7362344
Software ID:
24020961
Software Version:
2024v5.1
Description Amount
Unrealized gains 974,151


TY 2024 OtherLiabilitiesSchedule
Name:
Foundation for Theological Education in Asia and the Pacific
EIN:
23-7362344
Software ID:
24020961
Software Version:
2024v5.1
Description Beginning of Year - Book Value End of Year - Book Value
Federal excise tax payable 3,018  


TY 2024 TaxesSchedule
Name:
Foundation for Theological Education in Asia and the Pacific
EIN:
23-7362344
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal taxes 6,980     6,980
Payroll taxes 8,827     8,827