Form990


Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
A For the 2024 calendar year, or tax year beginning 01-01-2024 , and ending 12-31-2024
BCheck if applicable:
CName of organization
ASSOCIATION OF BOARDS IN THEOLOGICAL
EDUCATION
 
Doing business as
IN TRUST CENTER
 
Number and street (or P.O. box if mail is not delivered to street address)
100 WEST 10TH STREET SUITE 703
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE19801
D Employer identification number

52-1932054
E Telephone number

G Gross receipts $ 669,891
F Name and address of principal officer:
AMY KARDASH
100 W 10TH ST SUITE 703
WILMINGTON,DE19801
I
Tax-exempt status: (   ) (insert no.) or
J
Website:
WWW.INTRUST.ORG
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. See instructions.
H(c)
Group exemption number  
K Form of organization:  
L Year of formation: 1988
M State of legal domicile: DE
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: THE IN TRUST CENTER FOR THEOLOGICAL SCHOOL'S MISSION IS TO STRENGTHEN THEOLOGICAL SCHOOLS BY CONNECTING THEIR LEADERS TO ESSENTIAL RESOURCES FOR MISSION VITALITY.
2 Check this box
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 15
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 14
5 Total number of individuals employed in calendar year 2024 (Part V, line 2a) ...... 5 9
6 Total number of volunteers (estimate if necessary) ............. 6 0
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 0
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 4,381,769 193,010
9 Program service revenue (Part VIII, line 2g) ......... 5,198 4,256
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 241,899 472,625
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 0 0
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 4,628,866 669,891
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 0 0
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 1,049,644 1,222,877
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) 70,545    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 1,876,079 2,024,368
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 2,925,723 3,247,245
19 Revenue less expenses. Subtract line 18 from line 12....... 1,703,143 -2,577,354
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 21,209,297 19,490,208
21 Total liabilities (Part X, line 26)............. 249,892 311,960
22 Net assets or fund balances. Subtract line 21 from line 20..... 20,959,405 19,178,248
Part II
Signature Block
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 officer) is based on all information of which preparer has any knowledge.
Sign Here
Signature of officer Date
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name

Firm's EIN
Firm's address



Phone no.
May the IRS discuss this return with the preparer shown above? See Instructions. ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2024)
Form 990 (2024)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: THE IN TRUST CENTER FOR THEOLOGICAL SCHOOL'S MISSION IS TO STRENGTHEN THEOLOGICAL SCHOOLS BY CONNECTING THEIR LEADERS TO ESSENTIAL RESOURCES FOR MISSION VITALITY.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 869,853 including grants of $   ) (Revenue $ 4,256 )
MAGAZINE: IN TRUST MAGAZINE IS OUR QUARTERLY PUBLICATION WHICH BEGAN IN 1988. IT IS FOR THOSE WHO GOVERN, LEAD, AND TEACH AT THEOLOGIAL SCHOOLS, INCLUDING ADMINISTRATORS, BOARD MEMBERS, AND FACULTY, TO HELP PROVIDE EFFECTIVE LEADERSHIP. IN TRUST MAGAZINE PROVIDES ACCESS TO CRITICAL INFROMATION ABOUT PEER INSTITUTIONS AND THE BROADER FIELD OF THEOLOGICAL EDUCATION. ADDITIONAL RESOURCES ARE AVAILABLE VIA OUR NEWSLETTER AND WEBSITE AT WWW.INTRUST.ORG, WHICH PROVIDES ACCESS TO CURRENT AND PAST ISSUES OF THE MAGAZINE, RESOURCE TEMPLATES AND GUIDES, BLOG POSTS, AND INFORMATION ABOUT ALL OF OUR PROGRAMS AND INITIATIVES.MEMBERSHIP AND AFFILIATION: THE IN TRUST CENTER'S MEMBER AND AFFILIATE INSTITUTIONS RECEIVE MAGAZINE SUBSCRIPTIONS FOR THEIR BOARDS, SENIOR ADMINISTRATORS, FACULTY LEADERS, AND LIBRARIES; FULL ACCESS TO ONLINE MAGAZINE ARCHIVES; AND DISCOUNTED FEES FOR WEBINARS. THERE WERE 206 MEMBER AND AFFILIATE INSTITUTIONS OF THE IN TRUST CENTER FOR THE 2023 MEMBERSHIP YEAR. VOTING MEMBERS, A SUBSET OF THE OVERALL MEMBERSHIP, ELECT CANDIDATES TO THE IN TRUST CENTER BOARD OF DIRECTORS. VOTING MEMBERS MUST BE EDUCATIONAL INSTITUTIONS ACCREDITED BY AN AGENCY APPROVED BY THE COUNCIL FOR HIGHER EDUCATION ACCREDITATION. IN ADDITION, THEY MUST HAVE PAID MEMBERSHIP DUES BY SEPTEMBER 30TH, THEY MUST HAVE A MISSION OF EDUCATION OR FORMING STUDENTS FOR CHRISTIAN MINISTRY OR SCHOLARSHIP, AND THEY MUST BE CHURCH AFFILIATED OR RECOGNIZED BY THE U.S. INTERNAL REVENUE SERVICE OR REVENUE CANADA AS NON-PROFIT ORGANIZATIONS.
4b (Code:   ) (Expenses $ 226,048 including grants of $   ) (Revenue $   )
LEARNING COMMUNITIES: THE IN TRUST CENTER CONNECTS OUR MEMBER SCHOOLS TO EXPERTS IN KEY AREAS OF THEOLOGICAL EDUCATION THROUGH WEBINARS, FACILITATED CONVERSATIONS, AND PODCASTS. OUR WEBINARS ARE INTERACTIVE PRESENTATIONS, LIVE OR RECORDED, USING BOTH AUDIO AND VIDEO THAT FEATURE CAREFULLY SELECTED CONTENT DELIVERED BY EXPERTS IN VARIOUS FIELDS - FOR EXAMPLE, FUNDRAISING, GOVERNANCE, AND LEADERSHIP. EACH IN TRUST CENTER WEBINAR INCLUDES TIME FOR INTERACTIVE QUESTIONS AND ANSWERS. OUR FACILITATED CONVERSATION SPACES OFFER OPPORTUNITIES FOR PEER ENGAGEMENT AROUND TIMELY TOPICS AND ISSUES WITHIN SMALL GROUPS. THE CENTER ALSO ENGAGES OUR MEMBERSHIP VIA MEMBER SURVEYS TO UNDERSTAND MEMBERS EXPERIENCES, ISSUES, AND INTEREST IN KEY AREAS. WE ALSO CREATE AND RECORD PODCASTS FOR OUR MEMBER SCHOOLS, WHICH INCLUDE INFORMATION ON NUMEROUS TOPICS. WE INVITE LISTENERS INTO INTERVIEWS AND CONVERSTIONS WITH COLLEAGUES, CONSULTANTS, AND LEADERS IN THE FIELD IN A COST-EFFECTIVE WAY FOR THEM TO CONNECT WITH WISDOM, ISSUES, AND TRENDS IN THE FIELD.
4c (Code:   ) (Expenses $ 1,760,370 including grants of $   ) (Revenue $   )
RESOURCE CONSULTING: THE IN TRUST CENTER FOR THEOLOGICAL SCHOOLS IS COMMITTED TO WALKING ALONGSIDE OUR MEMBER SCHOOLS AS THEY FOCUS ON ACHIEVING THEIR MISSION. WE PROVIDE INDIVIDUALIZED SUPPORT THROUGH RESOURCE CONSULTING. RESOURCE CONSULTING IS BASED ON A WELL-ESTABLISHED LEARNING MODEL OF INSTITUTIONAL CHANGE: SUSTAINED AND EFFECTIVE ORGANIZATIONAL LEARNING COMES WHEN AN INSTITUTION AUGMENTS ITS OWN ASSETS AND CREATIVITY WITH APPROPRIATE EXTERNAL RESOURCES. COMBINING INTERNAL ASSETS WITH EXTERNAL RESOURCES LIKE KNOWLEDGE, TOOLS, AND TALENT EMPOWERS LEADERS TO ADDRESS CHALLENGES AND TAKE ADVANTAGE OF OPPORTUNITIES. TWO INITIATIVES THAT FALL UNDER THIS PROGRAM ARE: 1. RESOURCE GRANTS - AN IN TRUST CENTER RESOURCE GRANT IS A DOLLAR-FOR-DOLLAR MATCHING GRANT OF UP TO $15,000 THAT IS INTENDED TO ADDRESS A PARTICULAR INNOVATIVE CHALLENGE OR OPPORTUNITY WITHIN AN INSTITUTION. THE IN TRUST CENTER HOPES THAT THROUGH A RESOURCE GRANT, A MEMBER SCHOOL WILL ENGAGE AN OUTSIDE RESOURCE THAT ALLOWS THEM TO SUPPORT THEIR WORK AND FURTHER THEIR SCHOOL'S MISSION. ALL MEMBER SCHOOLS OF THE IN TRUST CENTER ARE ELIGIBLE TO APPLY FOR A RESOURCE GRANT; HOWEVER, SCHOOLS MAY NOT APPLY FOR A GRANT THE SUBSEQUENT YEAR AFTER RECEIVING ONE. SCHOOLS MUST ALSO SHOW HOW THEY ARE PROVIDING MATCHING FUNDS.2. THE WISE STEWARDS INITIATIVE FOCUSES ON BUILDING BOARD CAPACITY FOR BETTER INSTITUTIONAL GOVERNANCE. THE CURRICULUM, RESOURCES, AND FORMAT OF THE THREE-YEAR PROJECT HAVE BEEN DESIGNED ESPECIALLY FOR EXECUTIVE LEADERSHIP AND GOVERNING BOARDS OF THEOLOGICAL SCHOOLS BY EXPERIENCED EDUCATORS, ADMINISTRATORS, AND CONSULTANTS, ALL OF WHOM HAVE FIRSTHAND KNOWLEDGE OF GRADUATE THEOLOGICAL EDUCATION. PARTICIPATING SCHOOLS RECEIVE PRACTICAL INSIGHTS, WISE PRACTICES, TOOLS, AND STRATEGIES FOR INSPIRING AND EDUCATING CURRENT AND FUTURE BOARD MEMBERS. THE PROGRAM CONTENT IS ORGANIZED AROUND FOUR AREAS:O CREATING SPACE FOR INNOVATION, LEADING CHANGE, AND MAXIMIZING POTENTAIL.O REIMAGINING GOVERNANCE AS A FORCE FOR CHANGE.O THE PRESIDENT/BOARD PARTNERSHIP IN INSTITUTIONAL RENEWAL.O ROLES AND RESPONSIBILITIES OF BOARDS OF THEOLOGICAL SCHOOLS
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expenses2,856,271
Form 990 (2024)
Form 990 (2024)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment
List of Attached Documents:
// Content
.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. ...
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II.........
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part III..
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment
List of Attached Documents:
// Content
.........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment
List of Attached Documents:
// Content
....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick to see attachment
List of Attached Documents:
// Content
..............
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment
List of Attached Documents:
// Content
..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment
List of Attached Documents:
// Content
...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment
List of Attached Documents:
// Content
.......
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment
List of Attached Documents:
// Content
.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment
List of Attached Documents:
// Content
............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XIIClick to see attachment
List of Attached Documents:
// Content
......................
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
List of Attached Documents:
// Content
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....
21
 
No
Form 990 (2024)
Form 990 (2024)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
List of Attached Documents:
// Content
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I .... Click to see attachment
List of Attached Documents:
// Content
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................Click to see attachment
List of Attached Documents:
// Content
25b
 
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part IIClick to see attachment
List of Attached Documents:
// Content
...........
26
 
No
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part IIIClick to see attachment
List of Attached Documents:
// Content
.........................
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................Click to see attachment
List of Attached Documents:
// Content
28a
Yes
 
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....Click to see attachment
List of Attached Documents:
// Content
28b
 
No
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................
34
 
No
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...
35b
 
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..
1a
37
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
Form 990 (2024)
Form 990 (2024)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
9
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
 
No
b
If "Yes," enter the name of the foreign country:
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
 
No
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
 
No
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
 
No
17
Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2024)
Form 990 (2024)
Page 6
Part VI
Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
15
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
14
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
Yes
 
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filed
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
THE ORGANIZATION100 WEST 10TH STREET SUITE 703   WILMINGTON,DE19801 (302) 654-7770
Form 990 (2024)
Form 990 (2024)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) AMY KARDASH......................................................................
PRESIDENT
 40.00
.................
  		X   X       213,544 0 63,560
(2) DR BYRON KLAUS......................................................................
CHAIR
 1.00
.................
  		X   X       19,500 0 0
(3) REV DR ALTON B POLLARD III......................................................................
BOARD MEMBER
 1.00
.................
  		X           0 0 0
(4) PROF ANNE ANDERSON......................................................................
BOARD MEMBER
 1.00
.................
  		X           0 0 0
(5) DR CHARISSE L GILLETT......................................................................
VICE CHAIR
 1.00
.................
  		X   X       0 0 0
(6) RENE ESPINOSA......................................................................
TREASURER
 1.00
.................
  		X   X       0 0 0
(7) KATHRYN GLOVER......................................................................
BOARD MEMBER
 1.00
.................
  		X           0 0 0
(8) DR JEFFREY KUAN......................................................................
BOARD MEMBER
 1.00
.................
  		X           0 0 0
(9) PATRICIA MALONEY......................................................................
BOARD MEMBER
 1.00
.................
  		X           0 0 0
(10) DR DORIS GARCIA RIVERA......................................................................
BOARD MEMBER
 1.00
.................
  		X           0 0 0
(11) DR LUIS R RIVERA......................................................................
SECRETARY
 1.00
.................
  		X   X       0 0 0
(12) DR KAREN L SAWYER......................................................................
BOARD MEMBER
 1.00
.................
  		X           0 0 0
(13) REV DR RICHARD R TOPPING......................................................................
BOARD MEMBER
 1.00
.................
  		X           0 0 0
(14) DR JUL MEDENBLIK......................................................................
BOARD MEMBER
 1.00
.................
  		X           0 0 0
(15) BRYAN BLANKENSHIP......................................................................
BOARD MEMBER
 1.00
.................
  		X           0 0 0
(16) MATTHEW HUFFMAN......................................................................
VP FOR COMMUNICATION
 40.00
.................
  		        X   137,378 0 60,131
(17) GAIL CARLUCCI......................................................................
VP FOR OPERATIONS
 40.00
.................
  		        X   120,448 0 20,162
Form 990 (2024)
Form 990 (2024)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;


























1b Sub-Total..............
c Total from continuation sheets to Part VII, Section A..
d Total (add lines 1b and 1c)......... 490,870 0 143,853
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 3
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0
Form 990 (2024)
Form 990 (2024)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b 165,758
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and similar amounts not included above1f 27,252
g Noncash contributions included in lines 1a - 1f:$ 1g  
h Total. Add lines 1a-1f....... 193,010
Program Service RevenueAmt Business Code
2a MAGAZINE ADVERTISING 513120 4,256 4,256    
b
c
d
e
f All other program service revenue.        
g Total. Add lines 2a–2f ..... 4,256
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ...... 472,625     472,625
4 Income from investment of tax-exempt bond proceeds        
5 Royalties...........        
(i) Real (ii) Personal
6a Gross rents 6a    
b Less: rental expenses 6b    
c Rental income or (loss) 6c    
d Net rental income or (loss).......        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 7a    
b Less: cost or other basis and sales expenses 7b    
c Gain or (loss) 7c    
d Net gain or (loss).........        
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
8a  
b Less: direct expenses ... 8b  
c Net income or (loss) from fundraising events..      
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a  
b Less: direct expenses ... 9b  
c Net income or (loss) from gaming activities..        
10a Gross sales of inventory, less
returns and allowances ..
10a  
b Less: cost of goods sold .. 10b  
c Net income or (loss) from sales of inventory..        
OtherRevenueMiscAmt
Business Code
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......  
12 Total revenue. See instructions..... 669,891 4,256 0 472,625
Form 990 (2024)
Form 990 (2024)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising
expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....    
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ...........    
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............    
4 Benefits paid to or for members .......    
5 Compensation of current officers, directors, trustees, and key employees ........... 490,870 490,870    
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........        
7 Other salaries and wages........ 371,064 324,982 20,224 25,858
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 69,464 64,372 3,008 2,084
9 Other employee benefits ....... 225,892 173,981 45,134 6,777
10 Payroll taxes ........... 65,587 60,619 3,000 1,968
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 6,465 6,109 162 194
c Accounting ........... 84,895 80,226 2,122 2,547
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 105,382   105,382  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 682,094 647,000 14,632 20,462
12 Advertising and promotion ....        
13 Office expenses .......        
14 Information technology ......        
15 Royalties ..        
16 Occupancy ...........        
17 Travel ............ 130,627 122,197 8,430  
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings ....        
20 Interest ...........        
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 25,103 17,210 7,893  
23 Insurance ...        
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a PROGRAM EXPENSE 613,663 605,794 7,869  
b ADMINISTRATIVE EXPENSE 355,166 262,911 81,600 10,655
c IN KIND EXPENSE 20,973   20,973  
d
e All other expenses        
25 Total functional expenses. Add lines 1 through 24e 3,247,245 2,856,271 320,429 70,545
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).        
Form 990 (2024)
Form 990 (2024)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........   1  
2 Savings and temporary cash investments ......... 232,563 2 193,105
3 Pledges and grants receivable, net ...... 415,207 3 271,253
4 Accounts receivable, net ............. 1,516 4 0
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
  6  
7 Notes and loans receivable, net ...........   7  
8 Inventories for sale or use ............   8  
9 Prepaid expenses and deferred charges ...... 37,740 9 29,819
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 846,667
b Less: accumulated depreciation 10b 762,433 32,861 10c 84,234
11 Investments—publicly traded securities . 20,324,048 11 18,782,488
12 Investments—other securities. See Part IV, line 11 .....   12  
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 165,362 15 129,309
16 Total assets. Add lines 1 through 15 (must equal line 33)... 21,209,297 16 19,490,208
Liabilities 17 Accounts payable and accrued expenses ..... 83,863 17 175,424
18 Grants payable ...   18  
19 Deferred revenue .........   19 3,960
20 Tax-exempt bond liabilities .........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D   21  
22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
  22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ..   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D 166,029 25 132,576
26 Total liabilities. Add lines 17 through 25.. 249,892 26 311,960
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions .......... 5,520,114 27 6,683,553
28 Net assets with donor restrictions ........... 15,439,291 28 12,494,695
Organizations that do not follow FASB ASC 958, check here right arrow and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds .....   29  
30 Paid-in or capital surplus, or land, building or equipment fund ...   30  
31 Retained earnings, endowment, accumulated income, or other funds   31  
32 Total net assets or fund balances ........... 20,959,405 32 19,178,248
33 Total liabilities and net assets/fund balances ........ 21,209,297 33 19,490,208
Form 990 (2024)
Form 990 (2024)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
669,891
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
3,247,245
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
-2,577,354
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
20,959,405
5
Net unrealized gains (losses) on investments ...............
5
796,197
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
0
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
19,178,248
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Uniform Guidance, 2 C.F.R. Part 200, Subpart F?
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2024)
Form 990 (2024)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public
Inspection
Name of the organization
ASSOCIATION OF BOARDS IN THEOLOGICAL
EDUCATION
Employer identification number

52-1932054
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)
1
2
3
4
5
6
7
8
9
10
11
12
a
b
c
d
e
f
Enter the number of supported organizations ...............................212
g
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 10 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
(A) ABILENE CHRISTIAN UNIVERSITY GRADUATE SCHOOL OF THEOLOGY
  		750851900 2 Yes   0 0
(B) ACADEMY FOR JEWISH RELIGION
  		061220056 2 Yes   25,000 0
(C) ACADIA DIVINITY COLLEGE
  		118776723 2 Yes   10,000 0
(D) AMBROSE SEMINARY
  		872804406 2 Yes   0 0
(E) ANABAPTIST MENNONITE BIBLICAL SEMINARY
  		351902148 2 Yes   0 0
(F) ANDERSON UNIVERSITY SCHOOL OF THEOLOGY AND CHRISTIAN MINISTRY
  		350867954 2 Yes   0 0
(G) AQUINAS INSTITUTE OF THEOLOGY
  		431233793 2 Yes   0 0
(H) ASBURY THEOLOGICAL SEMINARY
  		610445823 2 Yes   15,000 0
(I) ASHLAND THEOLOGICAL SEMINARY
  		340714626 2 Yes   0 0
(J) ASSEMBLIES OF GOD THEOLOGICAL SEMINARY AT EVANGEL UNIVERSITY
  		431002542 2 Yes   0 0
(K) ASSOCIATED CANADIAN THEOLOGICAL SCHOOLS (ACTS) OF TRINITY WESTERN UNIVERSIT
  		776986697 2 Yes   0 0
(L) ATLANTIC SCHOOL OF THEOLOGY
  		130400617 2 Yes   0 0
(M) AUSTIN PRESBYTERIAN THEOLOGICAL SEMINARY
  		741143056 2 Yes   0 0
(N) AZUSA PACIFIC SEMINARY
  		951744369 2 Yes   0 0
(O) B H CARROLL SEMINARY
  		753116657 2 Yes   0 0
(P) BARRY UNIVERSITY DEPARTMENT OF THEOLOGY AND PHILOSOPHY
  		590624364 2 Yes   0 0
(Q) BERKELEY SCHOOL OF THEOLOGY
  		941156250 2 Yes   0 0
(R) BETHANY THEOLOGICAL SEMINARY
  		352092595 2 Yes   10,000 0
(S) BETHEL SEMINARY OF BETHEL UNIVERSITY
  		410708577 2 Yes   0 0
(T) BEXLEY SEABURY SEMINARY FEDERATION
  		362169186 2 Yes   0 0
(U) BOSTON COLLEGE SCHOOL OF THEOLOGY AND MINISTRY
  		042103545 2 Yes   13,500 0
(V) BOSTON UNIVERSITY SCHOOL OF THEOLOGY
  		042103547 2 Yes   0 0
(W) BRIERCREST COLLEGE AND SEMINARY
  		118817998 2 Yes   0 0
(X) BRITE DIVINITY SCHOOL
  		237121060 2 Yes   10,000 0
(Y) BSK THEOLOGICAL SEMINARY
  		611312812 2 Yes   10,000 0
(Z) BYZANTINE CATHOLIC SEMINARY OF SS CYRIL & METHODIUS
  		251141842 2 Yes   0 0
(AA) CALVIN THEOLOGICAL SEMINARY
  		383001876 2 Yes   15,000 0
(AB) CAMPBELL UNIVERSITY DIVINITY SCHOOL
  		560529940 2 Yes   0 0
(AC) CANADIAN CHINESE SCHOOL OF THEOLOGY VANCOUVER
  		709800890 2 Yes   15,000 0
(AD) CANADIAN SOUTHERN BAPTIST SEMINARY
  		132291642 2 Yes   0 0
(AE) CANDLER SCHOOL OF THEOLOGY OF EMORY UNIVERSITY
  		580566256 2 Yes   0 0
(AF) CAREY THEOLOGICAL COLLEGE
  		118838432 2 Yes   15,000 0
(AG) CATHOLIC INTERNATIONAL UNIVERSITY
  		541251090 2 Yes   0 0
(AH) CATHOLIC THEOLOGICAL UNION AT CHICAGO
  		362647967 2 Yes   0 0
(AI) CENTRAL BAPTIST THEOLOGICAL SEMINARY
  		480547725 2 Yes   10,000 0
(AJ) CHAPMAN SEMINARY OF OAKLAND CITY UNIVERSITY
  		350869063 2 Yes   10,000 0
(AK) CHICAGO THEOLOGICAL SEMINARY
  		362167014 2 Yes   0 0
(AL) CHINA EVANGELICAL SEMINARY NORTH AMERICA
  		954366755 2 Yes   0 0
(AM) CHRIST SCHOOL OF THEOLOGY AT THE INSTITUTE OF LUTHERAN THEOLOGY
  		261251815 2 Yes   0 0
(AN) CHRISTIAN THEOLOGICAL SEMINARY
  		351045939 2 Yes   0 0
(AO) CHURCH DIVINITY SCHOOL OF THE PACIFIC
  		941156508 2 Yes   0 0
(AP) CLAREMONT SCHOOL OF THEOLOGY
  		951904355 2 Yes   0 0
(AQ) COLGATE ROCHESTER CROZER DIVINITY SCHOOL
  		160743916 2 Yes   0 0
(AR) COLUMBIA BIBLICAL SEMINARY OF COLUMBIA INTERNATIONAL UNIVERSITY
  		570352247 2 Yes   0 0
(AS) COLUMBIA THEOLOGICAL SEMINARY
  		580566165 2 Yes   15,000 0
(AT) CONCORDIA LUTHERAN SEMINARY
  		106966575 2 Yes   0 0
(AU) CONCORDIA SEMINARY ST LOUIS
  		430655869 2 Yes   0 0
(AV) CONCORDIA THEOLOGICAL SEMINARY
  		370673478 2 Yes   0 0
(AW) COVENANT THEOLOGICAL SEMINARY
  		430863116 2 Yes   0 0
(AX) DALLAS THEOLOGICAL SEMINARY
  		750827421 2 Yes   0 0
(AY) DENVER SEMINARY
  		840421879 2 Yes   0 0
(AZ) DREW UNIVERSITY THEOLOGICAL SCHOOL
  		221487164 2 Yes   0 0
(BA) DUKE UNIVERSITY DIVINITY SCHOOL
  		560532129 2 Yes   0 0
(BB) EARLHAM SCHOOL OF RELIGION
  		350868073 2 Yes   0 0
(BC) EASTERN MENNONITE UNIVERSITY
  		540575812 2 Yes   0 0
(BD) ECUMENICAL THEOLOGICAL SEMINARY
  		382385150 2 Yes   0 0
(BE) EDEN THEOLOGICAL SEMINARY
  		430654855 2 Yes   0 0
(BF) EMMANUEL CHRISTIAN SEMINARY AT MILLIGAN
  		620819352 2 Yes   0 0
(BG) EMMANUEL COLLEGE OF VICTORIA UNIVERSITY
  		108173436 2 Yes   0 0
(BH) EVANGELICAL SEMINARY OF PUERTO RICO
  		660192508 2 Yes   0 0
(BI) FRANCISCAN SCHOOL OF THEOLOGY
  		941745605 2 Yes   0 0
(BJ) FRESNO PACIFIC BIBLICAL SEMINARY AT FRESNO PACIFIC UNIVERSITY
  		941021164 2 Yes   0 0
(BK) FULLER THEOLOGICAL SEMINARY
  		951699394 2 Yes   10,000 0
(BL) GARRETT-EVANGELICAL THEOLOGICAL SEMINARY
  		363232201 2 Yes   10,000 0
(BM) GATEWAY SEMINARY
  		941294918 2 Yes   0 0
(BN) GENERAL THEOLOGICAL SEMINARY
  		135563022 2 Yes   0 0
(BO) GEORGE W TRUETT THEOLOGICAL SEMINARY OF BAYLOR UNIVERSITY
  		741159753 2 Yes   0 0
(BP) GETS THEOLOGICAL SEMINARY
  		263453472 2 Yes   0 0
(BQ) GORDON-CONWELL THEOLOGICAL SEMINARY
  		042463847 2 Yes   0 0
(BR) GRACE MISSION UNIVERSITY
  		954559065 2 Yes   0 0
(BS) GRACE THEOLOGICAL SEMINARY
  		350868095 2 Yes   15,000 0
(BT) GRADUATE SCHOOL OF THEOLOGY AT UNIVERSITY OF REDLANDS SAN FRANCISCO THEOL
  		941156302 2 Yes   0 0
(BU) GRADUATE THEOLOGICAL UNION
  		941581707 2 Yes   0 0
(BV) HARDING SCHOOL OF THEOLOGY
  		710236896 2 Yes   15,000 0
(BW) HARTFORD INTERNATIONAL UNIVERSITY FOR RELIGION AND PEACE
  		060647016 2 Yes   0 0
(BX) HARVARD DIVINITY SCHOOL
  		042103580 2 Yes   0 0
(BY) HERITAGE CHRISTIAN UNIVERSITY GRADUATE SCHOOL OF THEOLOGY
  		237013287 2 Yes   0 0
(BZ) HERITAGE THEOLOGICAL SEMINARY
  		107641581 2 Yes   0 0
(CA) HOOD THEOLOGICAL SEMINARY
  		562231069 2 Yes   0 0
(CB) HOWARD UNIVERSITY SCHOOL OF DIVINITY
  		530204707 2 Yes   0 0
(CC) HURON UNIVERSITY COLLEGE
  		118965714 2 Yes   0 0
(CD) ILIFF SCHOOL OF THEOLOGY
  		840404244 2 Yes   0 0
(CE) IMMACULATE CONCEPTION SEMINARY OF SETON HALL UNIVERSITY
  		221500645 2 Yes   0 0
(CF) INTER-AMERICAN ADVENTIST THEOLOGICAL SEMINARY (IATS)-- SEMINARIO TEOLOGICO
  		660727703 2 Yes   0 0
(CG) INTERDENOMINATIONAL THEOLOGICAL CENTER
  		580814544 2 Yes   0 0
(CH) INTERNATIONAL THEOLOGICAL SEMINARY
  		953890724 2 Yes   0 0
(CI) JAMES AND CAROLYN MCAFEE SCHOOL OF THEOLOGY OF MERCER UNIVERSITY
  		585066167 2 Yes   0 0
(CJ) JESUIT SCHOOL OF THEOLOGY OF SANTA CLARA UNIVERSITY
  		941156462 2 Yes   0 0
(CK) JOHN LELAND CENTER FOR THEOLOGICAL STUDIES
  		541890249 2 Yes   0 0
(CL) KAIROS UNIVERSITY
  		460237098 2 Yes   15,000 0
(CM) KNOX COLLEGE
  		107574923 2 Yes   0 0
(CN) KNOX THEOLOGICAL SEMINARY
  		250987250 2 Yes   0 0
(CO) LEXINGTON THEOLOGICAL SEMINARY
  		610479877 2 Yes   0 0
(CP) LOGOS EVANGELICAL SEMINARY
  		954457666 2 Yes   0 0
(CQ) LOUISVILLE PRESBYTERIAN THEOLOGICAL SEMINARY
  		610444768 2 Yes   0 0
(CR) LOYOLA MARYMOUNT UNIVERSITY DEPARTMENT OF THEOLOGICAL STUDIES
  		951643334 2 Yes   0 0
(CS) LOYOLA UNIVERSITY CHICAGO INSTITUTE OF PASTORAL STUDIES
  		361408475 2 Yes   0 0
(CT) LUTHER SEMINARY
  		411425961 2 Yes   0 0
(CU) LUTHERAN SCHOOL OF THEOLOGY AT CHICAGO
  		362246704 2 Yes   0 0
(CV) LUTHERAN THEOLOGICAL SEMINARY SASKATOON
  		119026292 2 Yes   0 0
(CW) LUTHERAN THEOLOGICAL SOUTHERN SEMINARY AT LENOIR-RHYNE UNIVERSITY
  		570327888 2 Yes   0 0
(CX) MCCORMICK THEOLOGICAL SEMINARY
  		362167802 2 Yes   0 0
(CY) MCMASTER DIVINITY COLLEGE
  		119035970 2 Yes   0 0
(CZ) MEADVILLE LOMBARD THEOLOGICAL SCHOOL
  		366078270 2 Yes   25,000 0
(DA) MEMPHIS THEOLOGICAL SEMINARY
  		626012228 2 Yes   0 0
(DB) MENNONITE BRETHREN BIBLICAL SEMINARY
  		941021104 2 Yes   0 0
(DC) METHODIST THEOLOGICAL SCHOOL IN OHIO
  		314421101 2 Yes   0 0
(DD) MIDWESTERN BAPTIST THEOLOGICAL SEMINARY
  		440618839 2 Yes   0 0
(DE) MISSIO SEMINARY
  		231937954 2 Yes   15,000 0
(DF) MISSION UNIVERSITY
  		440567840 2 Yes   0 0
(DG) MONTREAL SCHOOL OF THEOLOGY
  		822876611 2 Yes   0 0
(DH) MORAVIAN UNIVERSITY
  		240795460 2 Yes   0 0
(DI) MOUNT ANGEL SEMINARY
  		043703021 2 Yes   0 0
(DJ) NAIITS AN INDIGENOUS LEARNING COMMUNITY
  		911564227 2 Yes   0 0
(DK) NASHOTAH HOUSE
  		390806195 2 Yes   0 0
(DL) NAZARENE THEOLOGICAL SEMINARY
  		436890529 2 Yes   0 0
(DM) NEW BRUNSWICK THEOLOGICAL SEMINARY
  		221994554 2 Yes   10,000 0
(DN) NEWMAN THEOLOGICAL COLLEGE
  		107771321 2 Yes   0 0
(DO) NORTH PARK THEOLOGICAL SEMINARY AT NORTH PARK UNIVERSITY
  		361557840 2 Yes   0 0
(DP) NORTHEASTERN SEMINARY AT ROBERTS WESLEYAN COLLEGE
  		161554414 2 Yes   0 0
(DQ) NORTHERN SEMINARY
  		362169160 2 Yes   15,000 0
(DR) NORTHWEST NAZARENE UNIVERSITY GRADUATE SCHOOL OF THEOLOGY
  		820200907 2 Yes   0 0
(DS) NORTHWEST SEMINARY
  		107785610 2 Yes   0 0
(DT) OAKWOOD UNIVERSITY SCHOOL OF RELIGION
  		630366652 2 Yes   0 0
(DU) OBLATE SCHOOL OF THEOLOGY
  		741357323 2 Yes   0 0
(DV) PACIFIC SCHOOL OF RELIGION
  		941186179 2 Yes   15,000 0
(DW) PALM BEACH ATLANTIC UNIVERSITY SCHOOL OF MINISTRY
  		591092732 2 Yes   0 0
(DX) PALMER THEOLOGICAL SEMINARY AT EASTERN UNIVERSITY
  		231409675 2 Yes   15,000 0
(DY) PAYNE THEOLOGICAL SEMINARY
  		316000921 2 Yes   0 0
(DZ) PENTECOSTAL THEOLOGICAL SEMINARY
  		510195363 2 Yes   0 0
(EA) PERKINS SCHOOL OF THEOLOGY AT SOUTHERN METHODIST UNIVERSITY
  		750800689 2 Yes   0 0
(EB) PHILLIPS THEOLOGICAL SEMINARY
  		731303821 2 Yes   0 0
(EC) PHOENIX SEMINARY
  		860711495 2 Yes   0 0
(ED) PITTSBURGH THEOLOGICAL SEMINARY
  		250965473 2 Yes   0 0
(EE) PONTIFICAL COLLEGE JOSEPHINUM
  		314379535 2 Yes   0 0
(EF) POPE ST JOHN XXIII NATIONAL SEMINARY
  		042324999 2 Yes   0 0
(EG) PORTLAND SEMINARY OF GEORGE FOX UNIVERSITY
  		930386839 2 Yes   0 0
(EH) PRESBYTERIAN COLLEGE
  		119098408 2 Yes   0 0
(EI) PRESBYTERIAN THEOLOGICAL SEMINARY IN AMERICA
  		953608910 2 Yes   0 0
(EJ) PRINCETON THEOLOGICAL SEMINARY
  		210635010 2 Yes   0 0
(EK) PROVIDENCE UNIVERSITY COLLEGE AND THEOLOGICAL SEMINARY
  		108216714 2 Yes   15,000 0
(EL) PURITAN REFORMED THEOLOGICAL SEMINARY
  		202394341 2 Yes   15,000 0
(EM) QUEEN'S COLLEGE
  		108078684 2 Yes   0 0
(EN) REFORMED THEOLOGICAL SEMINARY
  		236004577 2 Yes   0 0
(EO) REGENT COLLEGE
  		107881039 2 Yes   0 0
(EP) REGIS COLLEGE
  		131690125 2 Yes   0 0
(EQ) SACRED HEART MAJOR SEMINARY
  		380826300 2 Yes   0 0
(ER) SACRED HEART SEMINARY AND SCHOOL OF THEOLOGY
  		391248271 2 Yes   15,000 0
(ES) SAINT CHARLES BORROMEO SEMINARY
  		231370450 2 Yes   0 0
(ET) SAINT JOHN'S SEMINARY (MA)
  		951642384 2 Yes   0 0
(EU) SAINT JOHN'S UNIVERSITY SCHOOL OF THEOLOGY AND SEMINARY
  		410693973 2 Yes   0 0
(EV) SAINT MARY SEMINARY AND GRADUATE SCHOOL OF THEOLOGY
  		340714707 2 Yes   0 0
(EW) SAINT MEINRAD SEMINARY AND SCHOOL OF THEOLOGY
  		350868161 2 Yes   0 0
(EX) SAINT PAUL SCHOOL OF THEOLOGY
  		440624810 2 Yes   0 0
(EY) SAINT PAUL SEMINARY SCHOOL OF DIVINITY
  		410693970 2 Yes   0 0
(EZ) SAINT VINCENT SEMINARY
  		250964126 2 Yes   0 0
(FA) SAMUEL DEWITT PROCTOR SCHOOL OF THEOLOGY OF VIRGINIA UNION UNIVERSITY
  		540524516 2 Yes   0 0
(FB) SEATTLE PACIFIC SEMINARY OF SEATTLE PACIFIC UNIVERSITY
  		910565553 2 Yes   0 0
(FC) SEMINARY OF THE SOUTHWEST
  		741238448 2 Yes   0 0
(FD) SEVENTH-DAY ADVENTIST THEOLOGICAL SEMINARY AT ANDREWS UNIVERSITY
  		381627600 2 Yes   0 0
(FE) SHAW UNIVERSITY DIVINITY SCHOOL
  		560530235 2 Yes   0 0
(FF) SOUTHEASTERN BAPTIST THEOLOGICAL SEMINARY
  		560649251 2 Yes   0 0
(FG) SOUTHEASTERN UNIVERSITY SCHOOL OF DIVINITY
  		590722789 2 Yes   0 0
(FH) SOUTHERN CALIFORNIA SEMINARY INC
  		952111210 2 Yes   0 0
(FI) ST ANDREW'S COLLEGE
  		108154808 2 Yes   15,000 0
(FJ) ST ANDREW'S HALL
  		119163558 2 Yes   0 0
(FK) ST AUGUSTINE'S SEMINARY OF TORONTO
  		119168698 2 Yes   0 0
(FL) ST BERNARD'S SCHOOL OF THEOLOGY AND MINISTRY
  		160743149 2 Yes   0 0
(FM) ST JOHN VIANNEY THEOLOGICAL SEMINARY
  		841495066 2 Yes   0 0
(FN) ST JOHN'S SEMINARY (CA)
  		951642384 2 Yes   0 0
(FO) ST JOSEPH'S SEMINARY
  		131740353 2 Yes   0 0
(FP) ST MARK'S COLLEGE
  		981777478 2 Yes   15,000 0
(FQ) ST MARY'S SEMINARY AND UNIVERSITY
  		521052508 2 Yes   0 0
(FR) ST PETER'S SEMINARY
  		119199016 2 Yes   0 0
(FS) ST STEPHEN'S COLLEGE - UNIVERSITY OF ALBERTA
  		108042417 2 Yes   0 0
(FT) ST TIKHON'S ORTHODOX THEOLOGICAL SEMINARY
  		240798658 2 Yes   10,000 0
(FU) ST VINCENT DE PAUL REGIONAL SEMINARY
  		591028326 2 Yes   0 0
(FV) ST VLADIMIR'S ORTHODOX THEOLOGICAL SEMINARY
  		131656625 2 Yes   0 0
(FW) STARR KING SCHOOL FOR THE MINISTRY
  		941196217 2 Yes   0 0
(FX) TALBOT SCHOOL OF THEOLOGY OF BIOLA UNIVERSITY
  		950549600 2 Yes   0 0
(FY) THE ROBERT E WEBBER INSTITUTE FOR WORSHIP STUDIES
  		593576254 2 Yes   0 0
(FZ) THE SEATTLE SCHOOL OF THEOLOGY & PSYCHOLOGY
  		912037146 2 Yes   0 0
(GA) TORONTO SCHOOL OF THEOLOGY
  		119267342 2 Yes   0 0
(GB) TRINITY ANGLICAN SEMINARY
  		251271008 2 Yes   0 0
(GC) TRINITY BIBLE COLLEGE AND GRADUATE SCHOOL
  		450306841 2 Yes   0 0
(GD) TRINITY COLLEGE FACULTY OF DIVINITY
  		119269751 2 Yes   15,000 0
(GE) TRINITY EVANGELICAL DIVINITY SCHOOL TRINITY INTERNATIONAL UNIVERSITY
  		362216176 2 Yes   0 0
(GF) TRINITY LUTHERAN SEMINARY AT CAPITAL UNIVERSITY
  		310943182 2 Yes   0 0
(GG) TYNDALE UNIVERSITY
  		107796880 2 Yes   18,788 0
(GH) UNION PRESBYTERIAN SEMINARY
  		540506428 2 Yes   0 0
(GI) UNION THEOLOGICAL SEMINARY IN THE CITY OF NEW YORK
  		131624238 2 Yes   0 0
(GJ) UNITED LUTHERAN SEMINARY
  		231365169 2 Yes   0 0
(GK) UNITED THEOLOGICAL SEMINARY
  		310568239 2 Yes   15,000 0
(GL) UNITED THEOLOGICAL SEMINARY OF THE TWIN CITIES
  		410854766 2 Yes   7,000 0
(GM) UNIVERSITY OF DUBUQUE THEOLOGICAL SEMINARY
  		420680323 2 Yes   0 0
(GN) UNIVERSITY OF NOTRE DAME DEPARTMENT OF THEOLOGY
  		350868188 2 Yes   0 0
(GO) UNIVERSITY OF SAINT MARY OF THE LAKE MUNDELEIN SEMINARY
  		362171077 2 Yes   0 0
(GP) URSHAN GRADUATE SCHOOL OF THEOLOGY
  		431897269 2 Yes   0 0
(GQ) VANCOUVER SCHOOL OF THEOLOGY
  		108167743 2 Yes   15,000 0
(GR) VANDERBILT UNIVERSITY DIVINITY SCHOOL
  		581099447 2 Yes   0 0
(GS) VIRGINIA THEOLOGICAL SEMINARY
  		540505937 2 Yes   0 0
(GT) WAKE FOREST UNIVERSITY SCHOOL OF DIVINITY
  		560532138 2 Yes   0 0
(GU) WARTBURG THEOLOGICAL SEMINARY
  		420681105 2 Yes   15,000 0
(GV) WESLEY BIBLICAL SEMINARY
  		640579585 2 Yes   0 0
(GW) WESLEY SEMINARY AT INDIANA WESLEYAN UNIVERSITY
  		350885591 2 Yes   0 0
(GX) WESLEY THEOLOGICAL SEMINARY
  		530245887 2 Yes   0 0
(GY) WESTERN SEMINARY
  		930429022 2 Yes   0 0
(GZ) WESTERN THEOLOGICAL SEMINARY
  		382009204 2 Yes   0 0
(HA) WESTMINSTER SEMINARY CALIFORNIA
  		953457731 2 Yes   0 0
(HB) WINEBRENNER THEOLOGICAL SEMINARY
  		340877803 2 Yes   0 0
(HC) WORLD MISSION UNIVERSITY
  		954230730 2 Yes   0 0
(HD) WYCLIFFE COLLEGE
  		108223389 2 Yes   0 0
Total
212
 504,288 0
For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf ....            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..  
6 Public support. Subtract line 5 from line 4.  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..            
11 Total support. Add lines 7 through 10  
12
12
 
13
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................right arrow
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
33 1/3% support test—2024. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization .......................right arrow
b
33 1/3% support test—2023. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow
17a
10%-facts-and-circumstances test—2024. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
b
10%-facts-and-circumstances test—2023. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose            
3 Gross receipts from activities that are not an unrelated trade or business under section 513 .....            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge            
6 Total. Add lines 1 through 5            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support. (Subtract line 7c from line 6.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2020 (b) 2021 (c) 2022 (d) 2023 (e) 2024 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
33 1/3% support tests-2024. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow
b
33 1/3 % support tests—2023. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow
20
Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
No
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
No
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.
3a
 
No
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.
4a
Yes
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
Yes
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
No
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
No
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
No
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
No
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).
8
 
No
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
No
b
Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
No
c
Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
No
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
No
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?
11a
 
No
b
A family member of a person described on 11a above?
11b
 
No
c
A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.
11c
 
No
Section B. Type I Supporting Organizations
Yes
No
1
Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
Yes
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
No
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer lines 2a and 2b below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer lines 3a and 3b below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    
Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors
(explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by 0.035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    
Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7
Schedule A (Form 990) 2024

Schedule A (Form 990) 2024
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes 1  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity 		2  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations 3  
4 Amounts paid to acquire exempt-use assets 4  
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) 5  
6 Other distributions (describe in Part VI). See instructions 6  
7Total annual distributions. Add lines 1 through 6. 7  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions 		8  
9 Distributable amount for 2024 from Section C, line 6 9  
10 Line 8 amount divided by Line 9 amount 10  
Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2024 		(iii)
Distributable
Amount for 2024
1 Distributable amount for 2024 from Section C, line 6  
2 Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions.		  
3 Excess distributions carryover, if any, to 2024:
a From 2019.......  
b From 2020.......  
c From 2021.......  
d From 2022.......  
e From 2023.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2024 distributable amount  
i Carryover from 2019 not applied (see
instructions) 		 
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.  
4Distributions for 2024 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2024 distributable amount  
c Remainder. Subtract lines 4a and 4b from line 4.  
5 Remaining underdistributions for years prior to
2024, if any. Subtract lines 3g and 4a from line 2.
If the amount is greater than zero, explain in Part VI.
See instructions. 		 
6 Remaining underdistributions for 2024. Subtract
lines 3h and 4b from line 1. If the amount is greater
than zero, explain in Part VI. See instructions. 		 
7 Excess distributions carryover to 2025. Add lines
3j and 4c. 		 
8 Breakdown of line 7:
a Excess from 2020.....  
b Excess from 2021.....  
c Excess from 2022.....  
d Excess from 2023.....  
e Excess from 2024.....  
Schedule A (Form 990) (2024)

Schedule A (Form 990) 2024
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
PART IV SECTION A QUESTION 1 BYLAWS OF THE ORGANIZATION UNDER ARTICLE V STATE ELIGIBILITY FOR SUPPORTED ORGANIZATIONS: 1. MEMBERSHIP. MEMBERS OF THE CORPORATION ("MEMBERS") SHALL BE APPROVED BY THE BOARD AND ALL DECISIONS REGARDING MEMBERSHIP SHALL REST IN THE SOLE DISCRETION OF THE BOARD. 2. ELIGIBILITY FOR MEMBERSHIP. MEMBERS SHALL BE THEOLOGICAL SCHOOLS, CONSORTIA, UNIVERSITIES, AND OTHER PROGRAMS IN MINISTRY AND THEOLOGICAL STUDIES WITHIN INSTITUTIONS OF HIGHER EDUCATION WHICH PAY THE MEMBERSHIP FEES ESTABLISHED BY THE BOARD. TO BE ELIGIBLE TO VOTE FOR DIRECTORS, A MEMBER INSTITUTION MUST: I. BE RECOGNIZED AS A TAX-EXEMPT CHARITABLE ORGANIZATION BY THE INTERNAL REVENUE SERVICE OF THE UNITED STATES OF AMERICA OR THE CANADA REVENUE AGENCY; II. HOLD MEMBERSHIP IN AN ACCREDITING ORGANIZATION THAT IS A MEMBER OF THE COUNCIL FOR HIGHER EDUCATION ACCREDITATION; AND III. HAVE PAID THE APPROPRIATE MEMBERSHIP FEE BY A DESIGNATED DATE. AN ORGANIZATION OR EDUCATIONAL INSTITITUION THAT IS NOT ELIGIBLE FOR MEMBERSHIP MAY BE GRANTED AFFILIATE STATUS AT THE SOLE DISCRETION OF THE PRESIDENT.
PART IV SECTION A QUESTION 4B ALTHOUGH SUPPORTED ORGANIZATIONS ELECT THE BOARD OF DIRECTORS, THE ORGANIZATION, NOT THE BOARD OF DIRECTORS, HAS THE ULTIMATE DECISION-MAKING POWER AS TO WHETHER GRANTS ARE MADE TO FOREIGN SUPPORTED ORGANIZATIONS. A COMMITTEE MADE UP OF EXTERNAL ADVISORS ALONG WITH STAFF ADJUDICATE GRANT PROPOSALS INDEPENDENT OF THE BOARD OF DIRECTORS.
Schedule A (Form 990) 2024


Additional Data


Software ID:  
Software Version:  
SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
right arrow Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
right arrow Attach to Form 990.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
ASSOCIATION OF BOARDS IN THEOLOGICAL
EDUCATION
Employer identification number

52-1932054
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow  
4
Number of states where property subject to conservation easement is located right arrow  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................right arrow $  
(ii)
Assets included in Form 990, Part X ...............................right arrow $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................right arrow $  
b
Assets included in Form 990, Part X ...............................right arrow $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance ....          
b Contributions ...          
c Net investment earnings, gains, and losses          
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		         
f Administrative expenses ....          
g End of year balance ......          
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment right arrow  
b
Permanent endowment right arrow  
c
Term endowment right arrow  
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
 
 
(ii) Related organizations .................
3a(ii)
 
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....      
b Buildings ....        
c Leasehold improvements        
d Equipment ....   154,954 154,954 0
e Other .....   691,713 607,479 84,234
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..right arrow 84,234
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 3
Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)right arrow  
Part VIII
Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)right arrow  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........right arrow  
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
OPERATING & FINANCE LEASE LIABILITY 132,576








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)right arrow 132,576
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) (Rev. 1-2025)

Schedule D (Form 990) (Rev. 1-2025)
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 1,360,705
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a 796,197
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ........... 2d  
e Add lines 2a through 2d ..................... 2e 796,197
3 Subtract line 2e from line 1.................. 3 564,508
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a 105,383
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c 105,383
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 669,891
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 3,141,862
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ........... 2d  
e Add lines 2a through 2d.................... 2e 0
3 Subtract line 2e from line 1................... 3 3,141,862
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a 105,383
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b..................... 4c 105,383
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 3,247,245
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
Schedule D (Form 990) (Rev. 1-2025)


Additional Data


Software ID:  
Software Version:  




Schedule J
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic Attach to Form 990.
medium right arrow graphic Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
ASSOCIATION OF BOARDS IN THEOLOGICAL
EDUCATION
Employer identification number

52-1932054
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....
2
 
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
No
b
Any related organization? .......................
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
No
b
Any related organization? ......................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column (B) reported as deferred on prior Form 990
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1AMY KARDASH
PRESIDENT 		(i)

(ii)		 213,544
-------------
0 		0
-------------
0 		0
-------------
0 		17,084
-------------
0 		46,476
-------------
0 		277,104
-------------
0 		0
-------------
0
2MATTHEW HUFFMAN
VP FOR COMMUNICATION 		(i)

(ii)		 137,378
-------------
0 		0
-------------
0 		0
-------------
0 		10,990
-------------
0 		49,141
-------------
0 		197,509
-------------
0 		0
-------------
0
Schedule J (Form 990) (Rev. 1-2025)

Schedule J (Form 990) (Rev. 1-2025)
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
Schedule J (Form 990) (Rev. 1-2025)

Additional Data


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Schedule L
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
Attach to Form 990 or Form 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public Inspection
Name of the organization
ASSOCIATION OF BOARDS IN THEOLOGICAL
EDUCATION
Employer identification number

52-1932054
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... $
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ $
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e) Original principal amount (f) Balance due (g) In default? (h) Approved by board or committee? (i) Written agreement?
To From Yes No Yes No Yes No
Total ............... $  
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990) (Rev. 1-2025)
Schedule L (Form 990) (Rev. 1-2025)
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) BYRON KLAUS BOARD MEMBER OF THE ORGANIZATION 19,500 PROVIDED BOARD GOVERNANCE EXPERTISE ON BEHALF OF THE ORGANIZATION AS AN INDEPENDENT CONTRACTOR, AND WAS ISSUED FORM 1099-NEC REFLECTING THE AMOUNT OF NONEMPLOYEE COMPENSATION PAID IN 2024.   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L (Form 990) (Rev. 1-2025)


Additional Data


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SCHEDULE O
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
 Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
Open to Public
Inspection
Name of the organization
ASSOCIATION OF BOARDS IN THEOLOGICAL
EDUCATION
Employer identification number

52-1932054
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7A FOLLOWING THE CHANGES IN 2010 TO THE CERTIFICATE OF INCORPORATION AND THE BYLAWS, THE ORGANZIATION NOW HAS MEMBERS, COMPRISED OF THE ORGANIZATIONS WHICH IT SUPPORTS, WHICH ARE TAX-EXEMPT, ACCREDITED, DUES-PAYING THEOLOGICAL SCHOOLS AND OTHER PROGRAMS IN MINISTRY AND THEOLOGICAL STUDIES WITHIN OTHER INSTITUTIONS OF HIGHER EDUCATION DESCRIBED IN SECTIONS 509(A)(1) AND 509(A)(2) OF THE CODE, WHICH PROVIDE THEOLOGICAL EDUCATION OR EDUCATION FOR MINISTRY.
FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE MEETS WITH THE ORGANIZATION'S DIRECTOR OF OPERATIONS, PRESIDENT, OUTSOURCED ACCOUNTING SERVICE, AND THE AUDITOR TO REVIEW AND DISCUSS THE 990, AND THEN SUBMITS A RECOMMENDATION TO THE BOARD BEFORE IT IS SUBMITTED.
FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST FORM IS SIGNED ANNUALLY BY ALL BOARD MEMBERS/OFFICERS AND EMPLOYEES. ALL BOARD MEMBERS SIGN THE CONFLICT OF INTEREST STATEMENT ANNUALLY. THE EXECUTIVE COMMITTEE AS A PART OF ITS YEARLY MEETING REVIEWS BOTH THE COMPLETION OF THE STATEMENTS AS WELL AS MONITORS COMPLIANCE OF THE STATEMENT FOR EACH BOARD MEMBER.
FORM 990, PART VI, SECTION B, LINE 15 IN AN EXECUTIVE SESSION AT THE MEETING AT WHICH THE FINAL BUDGET IS ADOPTED, THE GOVERNING BOARD, WITH NO KEY STAFF PERSONNEL PRESENT, DETERMINES COMPENSATION BY COMPARING SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS. MINUTES ARE KEPT WITH APPROPRIATE DOCUMENTATION.
FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST
FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 647,000. MANAGEMENT AND GENERAL EXPENSES 14,632. FUNDRAISING EXPENSES 20,462. TOTAL EXPENSES 682,094.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) (Rev. 1-2025)


Additional Data


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Software Version: