NEW YORK THEOLOGICAL EDUCATION CENTER INC

EIN: 113135077 501(c)(3) Education

WHITESTONE, NY

Total Revenue
$237,887
Total Expenses
$503,086
Total Assets
$1,790,332
Net Assets
$-800
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Phone
7184606150
Tax Period
2023-10-01 to 2024-09-30

NEW YORK THEOLOGICAL EDUCATION CENTER INC, founded in 1992, is a small nonprofit in the Education sector that reported $238K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $503K exceeded revenue, resulting in a 111% operating deficit.

Mission

1. PROVIDING THEOLOGICAL EDUCATION PROGRAMS TO ADVANCE THE TEACHING AND DOCTRINES OF THE GOSPEL TO LAYMAN AND SEMINARY STUDENTS. 2. AVAILING A RENEWED THEOLOGICAL FOUNDATION THAT REINVIGORATES CHINESE CHURCHES, WHILE ENDEAVORING TO PRESERVE THE CHURCH TRADITIONS AND BIBLICAL FAITH. 3. DEVELOPING THE MINISTRY OF A WHOLESOME THEOLOGICAL TRAINING AMONG ALL BELIEVERS THROUGH COOPERATING AND LIAISING WITH CHURCHES, ORGANIZATIONS AND SEMINARIES.

Program Service Accomplishments

Program 1
Expenses: $366,576 Revenue: $24,210

THEOLOGICAL COURSES AND WORKSHOPS. THE ORGANIZATION PROVIDES THEOLOGICAL EDUCATION PROGRAMS TO ADVANCE THE TEACHING AND DOCTRINES OF THE GOSPEL TO LAYMAN AND SEMINARY STUDENTS

Program 2
Expenses: $9,620 Revenue: $0

COMMUNITY OUTREACHING AND EDUCATIONAL PROGRAMS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $266,560
Program Service Revenue $24,169
Investment Income $-76,133
Other Revenue $23,291
TOTAL REVENUE $237,887

Expense Breakdown

Grants Paid $0
Salaries & Benefits $206,570
Fundraising Expenses $0
Program Expenses $376,196
Other Expenses $296,516
TOTAL EXPENSES $503,086

Year-over-Year Comparison

2023 2022 Change
Revenue $237,887 $889,936 -0.7%
Expenses $503,086 $533,889 -0.1%
Net Income $-265,199 $356,047 -1.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
30

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$65,081
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GORDON HU DIRECTOR/CHAIRMAN 6.00
Director
$0 $0 $0
LINDA WAI SIM CHAN DIRECTOR/TREASURER 4.00
Director
$0 $0 $0
DUEN CHENG FANG DIRECTOR/SECRETARY 1.00
Director
$0 $0 $0
TIMOTHY CHIU PRESIDENT 35.00
Officer
$65,081 $0 $65,081
KAI ZHANG DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $237,887 $503,086 $1,790,332 $-265,199
2023 $889,936 $533,889 $1,909,237 $356,047
2022 $435,238 $365,183 $1,484,003 $70,055
2021 $278,917 $370,592 $1,521,579 $-91,675
2020 $626,725 $550,913 $1,560,207 $75,812
2019 $604,400 $543,389 $1,440,683 $61,011
2018 $783,611 $736,093 $1,171,543 $47,518
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