Washington Theological Consortium FY2021 filing

Tax-deductible

Washington, DC501(c)(3)Since 1971Colleges & UniversitiesEIN 52-0907110Revenue $243K in FY2021

On file with the IRSwashtheocon.org415 Michigan Ave Ne Ste 105, 20017-4502 · Washington, DCTax-exempt since Nov 1971Publicly supported — 509(a)(2)

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The Washington Theological Consortium, a community of theological institutions of diverse Christian traditions, has as its mission: to embody and witness more perfectly, through its diverse membership, to the unity that is ours in Christ, so that all may believe; to provide an ecumenical context, within the region of the nation's capital, for equipping leaders to serve the mission and ministry of the Church in the world; to make known and provide the means for member institutions to share their rich theological and spiritual resources with students, faculties and laity; to seek a deeper appreciation of other world religions and to explore, in concert with members of those faiths, values we hold in common.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$79K 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

FY2021 · 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
5 of 6
filings with a surplus
Average surplus $28K a year · 12% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$79K
to officers and key staff · 39% of spending
Concern: pay to officers and key staff is 39% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$345
0.06% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$243K
+3% vs prior year
Spent
$204K
To programs
62%
Net assets
$573K
By yearFY2020–FY2025
Revenue
$243K
FY2021▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$236K
FY2021$243K
FY2022$248K
FY2023$246K
FY2024$208K
FY2025$275K
Expenses
$204K
FY2021▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$206K
FY2021$204K
FY2022$207K
FY2023$213K
FY2024$228K
FY2025$230K
Net assets
$573K
FY2021▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2020$446K
FY2021$573K
FY2022$540K
FY2023$588K
FY2024$618K
FY2025$695K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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 Nov 1971.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $126K Management & general 25% · $51K Fundraising 13% · $27K

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

27 people listed on the 990; $79K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$78,603Pt VII · Sec A
Chair Executive Committee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Rev Larry Golemon PHD’s $87K as Executive Director is at the 76th percentile of top reported officer pay among 1613 $100K–1M education 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Rev Larry Golemon PHD$86,692$85,015$81,354$46,603$78,603$77,365

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.

See Washington Theological Consortium executive salaries →

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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

Supports ecumenical unity and interfaith understanding through theological study and dialogue.

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Provided by the organization

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3 programs · $121K · in their own filed words · FY2020
01

Outreach, Publications, and Public Events

the Consortium prints and updates the websites for Theological course announcement book, library brochures, and books. The Consortium sponsors and programs throughout the year.

$92Kprogram expense
02

Muslim Christian Dialogue program supports a deeper knowledge of Islam/Chritianity and greater knowledge of dialogue and of reconciliation, and interfaith leadership.

$16Kprogram expense
03

Faculty/Student Programs, Convocations and Meetings

the Consortium sponsors the annual faculty convocation and student orientation; area group meetings; unity week celebration,etc.

$13Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$243K
Ln 12
Fees for servicesLn 2g$187K
Gifts and grantsLn 1h$30K
Investment incomeLn 3$24K
Money outPt IX
$204K
Ln 25
Programscol B$126K
Managementcol C$51K
Fundraisingcol D$27K
Owns and owesPt X
$573K
net assets · Ln 32
Cash and savingsLn 1–2$66K
Total assetsLn 16$573K
LiabilitiesLn 26$345
PeoplePt VI, VII
27
listed · VII A
PaidVII A1
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30K
Fees for servicesLn 2g$187K
Investment incomeLn 3$24K
Other incomeLn 4–11$2K
Total revenueLn 12$243K
Assets in detailPt X, end of year
CashLn 1$38K
SavingsLn 2$28K
Cash and savings togetherLn 1–2$66K
InvestmentsLn 11–13$481K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$573K
LiabilitiesLn 26$345
Net assetsLn 32$573K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$50K$66K
InvestmentsLn 11–13$370K$481K
Land, buildings, equipmentLn 10c$1K$1K
Total assetsLn 16$448K$573K
LiabilitiesLn 26$2K$345
Net assetsLn 32$446K$573K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$79K$48K$20K$10K
Other salaries and wagesLn 7$29K$8K$11K$9K
Other employee benefitsLn 9$15K$9K$4K$2K
Payroll taxesLn 10$2K$1K$455$237
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$7K$7K
Office expensesLn 13$6K$3K$3K$576
Information technologyLn 14$10K$10K
OccupancyLn 16$11K$6K$3K$2K
Conferences, conventions and meetingsLn 19$9K$8K$847
Depreciation, depletion and amortizationLn 22$344$344
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$26K$24K$2K
All other expensesLn 24e$831$831
Total functional expensesLn 25$204K$126K$51K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $275K$230K$46K$695K 990 PDF
FY2024 $208K$228K−$20K$618K 990 PDF
FY2023 $246K$213K$33K$588K 990 PDF
FY2022 $248K$207K$41K$540K 990 PDF
FY2021 Viewing $243K$204K$40K$573K 990 PDF
FY2020 $236K$206K$30K$446K 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 FY2021 990 (6 parts)
Part I · Summary $243,221 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,321$29,840
I-9 Program service revenuePrior year $183,124$187,124
I-10 Investment incomePrior year $25,907$24,257
I-11 Other revenuePrior year $5,128$2,000
I-12 Total revenuePrior year $236,480$243,221
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 $120,063$123,849
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $86,008$79,693
I-18 Total expensesPrior year $206,071$203,542
I-19 Revenue less expensesPrior year $30,409$39,679
Part VI · Governance 22 of 22 board members independent, 3 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $243,221 across 6 lines filed
VIII-1f All other contributions, gifts and grants$29,840
VIII-1h Total contributions, gifts and grants$29,840
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $187,124$187,124
VIII-3 Investment incomeExcluded from tax $24,257$24,257
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,000$2,000
VIII-12 Total revenueRelated to mission $189,124 · Unrelated business $0 · Excluded from tax $24,257$243,221
Part IX · Statement of functional expenses $203,542 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $48,482 · Management $19,808 · Fundraising $10,313$78,603
IX-7 Other salaries and wagesPrograms $8,303 · Management $10,932 · Fundraising $9,282$28,517
IX-9 Other employee benefitsPrograms $9,206 · Management $3,761 · Fundraising $1,958$14,925
IX-10 Payroll taxesPrograms $1,112 · Management $455 · Fundraising $237$1,804
IX-11c Accounting feesManagement $4,050$4,050
IX-11g Other fees for servicesPrograms $7,000$7,000
IX-13 Office expensesPrograms $2,610 · Management $2,641 · Fundraising $576$5,827
IX-14 Information technologyPrograms $10,365$10,365
IX-16 OccupancyPrograms $6,174 · Management $3,216 · Fundraising $2,005$11,395
IX-19 Conferences, conventions and meetingsPrograms $8,270 · Management $847$9,117
IX-22 Depreciation, depletion and amortizationManagement $344$344
IX-23 InsuranceManagement $4,402$4,402
IX-24 Other expenses (24a–d)Programs $24,028 · Fundraising $2,334$26,362
IX-24e All other expensesManagement $831$831
IX-25 Total functional expensesPrograms $125,550 · Management $51,287 · Fundraising $26,705$203,542
Part X · Balance sheet $573,231 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $22,550$38,386
X-2 Savings and temporary cash investmentsStart of year $27,597$27,604
X-3 Pledges and grants receivableStart of year $8,247$22,747
X-9 Prepaid expenses and deferred chargesStart of year $2,099$2,099
X-10c Land, buildings and equipment, netStart of year $1,442$1,098
X-11 Publicly traded securitiesStart of year $370,035$481,297
X-16 Total assetsStart of year $447,970$573,231
X-17 Accounts payable and accrued expensesStart of year $1,776$345
X-26 Total liabilitiesStart of year $1,776$345
X-27 Net assets without donor restrictionsStart of year $250,393$317,240
X-28 Net assets with donor restrictionsStart of year $195,801$255,646
X-32 Total net assets or fund balancesStart of year $446,194$572,886
X-33 Total liabilities and net assetsStart of year $447,970$573,231
Part XI · Reconciliation of net assets $572,886 net assets at year end
XI-1 Total revenue$243,221
XI-2 Total expenses$203,542
XI-3 Revenue less expenses$39,679
XI-4 Net assets at start of year$446,194
XI-5 Net unrealized gains (losses) on investments$87,013
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$572,886

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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