Jesse C Fletcher Seminary

EIN: 861553598 501(c)(3) Education

San Antonio, TX

Total Revenue
$295,607
Total Expenses
$252,989
Total Assets
$113,074
Net Assets
$112,688
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
TX
Principal Officer
Dr Donald Williford
Phone
2107567555
Tax Period
2022-09-01 to 2023-08-31

Jesse C Fletcher Seminary, founded in 2020, is a small nonprofit in the Education sector that reported $296K in total revenue in fiscal year 2022. Expenses of $253K left a modest 14% surplus.

Mission

Mission - To educate and nurture servant leaders in joining God's mission of love, grace, and redemption in Christ Jesus for the sake of the world.Vision - Connecting remote learners with a rigorous, cost-effective theological education integrated with real-life training equipping students for transformational ministry. Fletcher is a multi denominational and inclusive seminary, committed to diversity in our faculty and student body.

Program Service Accomplishments

Program 1
Expenses: $203,001 Revenue: $295,607

Based upon student and faculty feedback, our educational products and services expertly meet the need for practical education for lay and ordained students that can be readily implemented in various...

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Based upon student and faculty feedback, our educational products and services expertly meet the need for practical education for lay and ordained students that can be readily implemented in various contexts, e.g., creating a new campus ministry. What happens in our classrooms is spirit-filled and life changing as students take what theyve learned in class each week to the pulpit in San Antonio, the church committee in Houston, or the Kenyan orphanage they lead to share it with those they serve. We have earned a reputation as a truly welcoming, inclusive, and ecumenical seminary, offering high quality online classes to lay and ordained students that are taught by experts who have lived what they teach. This attracts serious students, outstanding adjunct faculty and important partners like the Alliance for Baptists, the Chaplaincy Innovation Lab, and the Integer Network. We have changed lives through our intentional recruitment from groups that have been historically disadvantaged and often excluded from theological education.One example: an adjunct faculty member inspired a Black pastor by inspiring him to look in the mirror, a reflection on leadership that changed his relationship with his congregation.

Program 2

As a start-up, and in the first year revenues did not provide enough funding for hiring staff. Professionals donated their time. Fletcher Seminary had 4,073 hours of In-Kind Professional Services...

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As a start-up, and in the first year revenues did not provide enough funding for hiring staff. Professionals donated their time. Fletcher Seminary had 4,073 hours of In-Kind Professional Services totaling $196,679. This time was spent developing courses, providing accounting services, delivering classes, writing policies, developing marketing materials, supervising staff, reviewing CVs and interviewing potential Adjunct Faculty, and all hours were recorded on In-Kind Reporting forms and posted to the P&L reporting. A log is kept by Professional, by date of work performed, by month work performed, and maintained on the Fletcher Online data storage.

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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 (2022)

Revenue Breakdown

Contributions & Grants $289,311
Program Service Revenue $2,660
Investment Income $3,636
Other Revenue $0
TOTAL REVENUE $295,607

Expense Breakdown

Grants Paid $0
Salaries & Benefits $129,793
Fundraising Expenses $0
Program Expenses $203,001
Other Expenses $123,196
TOTAL EXPENSES $252,989

Year-over-Year Comparison

2022 2021 Change
Revenue $295,607 N/A N/A
Expenses $252,989 N/A N/A
Net Income $42,618 N/A N/A
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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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
3
Volunteers
20

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
3
$0
Total Directors
10
$7,386
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Little Legal Advisory 2.00
Director
$7,386 $0 $7,386
Katie Ivey Chairman 4.00
Officer Director
$0 $0 $0
Dr Jack Willoughby Vice Chairman 4.00
Officer Director
$0 $0 $0
Dr Susan Douglas Secretary 5.00
Officer Director
$0 $0 $0
Amelia Fulbright Trustee 2.00
Director
$0 $0 $0
Rev Kirsten Hancock Trustee 2.00
Director
$0 $0 $0
Rev Rick Jackson Trustee 2.00
Director
$0 $0 $0
Bridgette Langford Trustee 2.00
Director
$0 $0 $0
Edward K Maney Finance Committ 2.00
Director
$0 $0 $0
Rev Stephanie Nash Trustee 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
2023 $295,607 $252,989 $113,074 $42,618
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