Alternative Seminary EIN 47-4921180 Form 990 (PDF) Claim this org

Alternative Seminary

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Trains leaders to positively influence culture for Christ. For fiscal year 2023 it reported $80K in revenue, $93K in expenses, and $-3K in net assets.Pt I

Type
Higher education institution · Religion
Location
Chattanooga, TN
Filings
4 on file (2020–2023)
Revenue
$80KFY2023
Expenses
$93K
Net assets
$-3K
People
6
Filings
4
Updates
0
More identity details & actions ⌄
EIN  47-4921180 Higher education institution Chattanooga, TN
Form 990 (PDF)
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Size
<$100K
What they do
Trains leaders to positively influence culture for Christ.
Leadership
Alfred Johnson · Director
Money in and out
$80K revenue, $93K expenses
Bottom line
-16% operating surplus
Financial scale & money flow · FY2023
Total revenue
$80K
Pt VIII · Ln 12
Total expenses
$93K
Pt IX · Ln 25
Net assets
$-3K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$13K
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
-16%
revenue over expenses, this legal entity▼ -155% vs prior filing year
Payroll share
25%
of this entity's spending is salaries & benefits
Program spending
100%
of expenses reach program services▲ +9% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$80K
FY2023▼ -59%
Expenses
$93K
FY2023▼ -33%
Total assets
$99K
FY2023▼ -18%
Total liabilities
$102K
FY2023▼ -8%
Total revenue
$80K
Pt VIII · Ln 12
Total expenses
$93K
Pt IX · Ln 25
Net assets
$-3K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$13K
Total assetsPt X · Ln 16$99K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAlternative Seminary
EINHdr · item D47-4921180
Principal addressHdr · item CChattanooga, TN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFFeb 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Rozario Slack’s $8K as President is at the 22nd percentile of top reported officer pay among 341 <$100K 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

NameFY2022FY2021FY2020
Rozario Slack$7,680$7,680$11,520
Elston McLain$881

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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Mission & Programs · Part III

Where the work happens

1 program service account for $93K of program spending, described in the organization's own filed words · FY2023.
01

Exists to train leaders to impact the culture for Christ. It provides

$93Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$80K
Total revenueLn 12$80K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$93K
Total functional expensesLn 25$93K

Balance Sheet

Part X · end of year
CashLn 1$91K
Total assetsLn 16$99K
Total liabilitiesLn 26$102K
Total net assetsLn 32$-3K
Months of cash on handcomputed11.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $91K · Operating expenses/yr $93K
11.7 months
Where the money goes
Program services
Program services $93K · Total expenses $93K
100%
Management & General
Management & general $0 · Total expenses $93K
0%
Fundraising
Fundraising $0 · Total expenses $93K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $92K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $80K · Total revenue $80K
100%
Government reliance
Government grants — · Total revenue $80K
Earned-income share
Program service revenue $0 · Total revenue $80K
0%
Investment reliance
Investment income $0 · Total revenue $80K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $93K
0%
Growth & trend
Revenue growth (YoY)
This year $80K · Prior year $196K
-59%
Net-asset trend (YoY)
End of year $-3K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $80K · Expenses $93K
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $99K
Net-asset ratio
Net assets $-3K · Total assets $99K
-3%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $99K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alfred Johnson · Reported title Director · Highest reported compensation $0 · Total expenses $93K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $23K · Total expenses $93K
25%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -59%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$80K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$80K revenue · viewing · ⤓ 990 PDF
FY2022$196K revenue · ⤓ 990 PDF
FY2021$91K revenue · ⤓ 990 PDF
FY2020$21K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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