Admirato INC FY2022 filing

Tax-deductible

Waukesha, WI501(c)(3)Since 2013ReligionEIN 46-3789908Revenue $1.0M in FY2022

On file with the IRSadmirato.org221 N Grandview Blvd, 53188-3264 · Waukesha, WITax-exempt since Jul 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Admirato, INC. Is focused on bringing high quality biblical and theological education to different audiences around the world. The focus is to engage scholars of high visibility and with excellent reputations to bring well-rounded teaching to the wider world.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$170K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $4K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$170K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $122K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$43K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+17% vs prior year
Spent
$895K
To programs
79%
Net assets
$601K
By yearFY2020–FY2025
Revenue
$1.0M
FY2022▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$590K
FY2021$872K
FY2022$1.0M
FY2023$669K
FY2024$846K
FY2025$1.2M
Expenses
$895K
FY2022▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$550K
FY2021$671K
FY2022$895K
FY2023$1.0M
FY2024$1.0M
FY2025$1.0M
Net assets
$601K
FY2022▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2020$264K
FY2021$479K
FY2022$601K
FY2023$230K
FY2024$62K
FY2025$237K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $706K Management & general 16% · $139K Fundraising 6% · $50K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $170K paid to officers and key staff.

Part VII, Section A · reportable compensation
$169,944Pt VII · Sec A
Chairman/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

David Seemuth’s $185K as President is at the 99th percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David Seemuth$185,000—————
David Seemuth PHD—$175,473$169,944$169,944$169,495$157,750

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides high-quality biblical and theological education globally.

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Provided by the organization

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1 program · $706K · in their own filed words · FY2022
01

The wisconsin center for christian studies, inc. Shall act as a catalyst for christian leadership development locally, regionally, nationally, or internationally, wherever opportunities present themselves. Such leadership development may include mentoring, coaching, advising, teaching, and encouraging christian believers.

$706Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$122K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$637K
Fees for servicesLn 2g$305K
Other incomeLn 4–11$75K
Money outPt IX
$895K
Ln 25
Programscol B$706K
Managementcol C$139K
Fundraisingcol D$50K
Owns and owesPt X
$601K
net assets · Ln 32
Cash and savingsLn 1–2$461K
Total assetsLn 16$645K
LiabilitiesLn 26$43K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$637K
Government grantsLn 1e$52K
Fees for servicesLn 2g$305K
Investment incomeLn 3$2K
Other incomeLn 4–11$75K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$184K
SavingsLn 2$277K
Cash and savings togetherLn 1–2$461K
InvestmentsLn 11–13$112K
Other assetsLn 15$52K
Total assetsLn 16$645K
LiabilitiesLn 26$43K
Net assetsLn 32$601K
OperationsPt I, VI
EmployeesI 57
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$393K$461K
InvestmentsLn 11–13$111K$112K
Total assetsLn 16$507K$645K
LiabilitiesLn 26$28K$43K
Net assetsLn 32$479K$601K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$187K$131K$37K$19K
Other salaries and wagesLn 7$179K$129K$39K$12K
Pension plan contributionsLn 8$6K$4K$1K$473
Other employee benefitsLn 9$25K$18K$5K$2K
Payroll taxesLn 10$24K$17K$5K$2K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$65K$57K$913$6K
Advertising and promotionLn 12$85K$68K$12K$5K
Office expensesLn 13$48K$27K$19K$2K
Information technologyLn 14$4K$3K$870$351
OccupancyLn 16$13K$9K$3K$1K
TravelLn 17$90K$90K
Conferences, conventions and meetingsLn 19$151K$151K
InsuranceLn 23$1K$1K
All other expensesLn 24e$2K$1K$1K
Total functional expensesLn 25$895K$706K$139K$50K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.0M$201K$237K 990 PDF
FY2024 $846K$1.0M−$168K$62K 990 PDF
FY2023 $669K$1.0M−$373K$230K 990 PDF
FY2022 Viewing $1.0M$895K$123K$601K 990 PDF
FY2021 $872K$671K$201K$479K 990 PDF
FY2020 $590K$550K$40K$264K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $1,018,123 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $529,802$636,998
I-9 Program service revenuePrior year $341,836$304,626
I-10 Investment incomePrior year $370$1,938
I-11 Other revenuePrior year $0$74,561
I-12 Total revenuePrior year $872,008$1,018,123
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $322,037$420,601
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $348,907$474,055
I-18 Total expensesPrior year $670,944$894,656
I-19 Revenue less expensesPrior year $201,064$123,467
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,018,123 across 7 lines filed
VIII-1e Government grants$51,730
VIII-1f All other contributions, gifts and grants$585,268
VIII-1h Total contributions, gifts and grants$636,998
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $304,626$304,626
VIII-3 Investment incomeExcluded from tax $1,938$1,938
VIII-5 RoyaltiesExcluded from tax $74,561$74,561
VIII-12 Total revenueRelated to mission $304,626 · Unrelated business $0 · Excluded from tax $76,499$1,018,123
Part IX · Statement of functional expenses $894,656 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $130,942 · Management $37,412 · Fundraising $18,706$187,060
IX-7 Other salaries and wagesPrograms $128,747 · Management $38,601 · Fundraising $12,021$179,369
IX-8 Pension plan contributionsPrograms $3,999 · Management $1,171 · Fundraising $473$5,643
IX-9 Other employee benefitsPrograms $17,725 · Management $5,199 · Fundraising $2,062$24,986
IX-10 Payroll taxesPrograms $16,686 · Management $4,885 · Fundraising $1,972$23,543
IX-11b Legal feesManagement $5,823$5,823
IX-11c Accounting feesManagement $7,755$7,755
IX-11g Other fees for servicesPrograms $57,464 · Management $913 · Fundraising $6,407$64,784
IX-12 Advertising and promotionPrograms $67,868 · Management $11,963 · Fundraising $4,830$84,661
IX-13 Office expensesPrograms $27,336 · Management $18,828 · Fundraising $2,077$48,241
IX-14 Information technologyPrograms $2,972 · Management $870 · Fundraising $351$4,193
IX-16 OccupancyPrograms $9,355 · Management $2,739 · Fundraising $1,106$13,200
IX-17 TravelPrograms $90,224$90,224
IX-19 Conferences, conventions and meetingsPrograms $151,448$151,448
IX-23 InsuranceManagement $1,264$1,264
IX-24e All other expensesPrograms $1,102 · Management $1,360$2,462
IX-25 Total functional expensesPrograms $705,868 · Management $138,783 · Fundraising $50,005$894,656
Part X · Balance sheet $644,906 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $118,985$183,944
X-2 Savings and temporary cash investmentsStart of year $273,949$277,332
X-3 Pledges and grants receivableStart of year $0$16,000
X-9 Prepaid expenses and deferred chargesStart of year $2,727$3,927
X-11 Publicly traded securitiesStart of year $107,109$111,973
X-12 Other securitiesStart of year $4,141$0
X-15 Other assetsStart of year $0$51,730
X-16 Total assetsStart of year $506,911$644,906
X-17 Accounts payable and accrued expensesStart of year $28,200$43,473
X-26 Total liabilitiesStart of year $28,200$43,473
X-27 Net assets without donor restrictionsStart of year $478,711$585,433
X-28 Net assets with donor restrictionsStart of year $0$16,000
X-32 Total net assets or fund balancesStart of year $478,711$601,433
X-33 Total liabilities and net assetsStart of year $506,911$644,906
Part XI · Reconciliation of net assets $601,433 net assets at year end
XI-1 Total revenue$1,018,123
XI-2 Total expenses$894,656
XI-3 Revenue less expenses$123,467
XI-4 Net assets at start of year$478,711
XI-5 Net unrealized gains (losses) on investments−$745
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$601,433

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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