Jerusalem Seminary EIN 82-3572011 Form 990 (PDF) Claim this org

Jerusalem Seminary

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Offers Holy Land tours and resources to deepen understanding of Bible history and context. For fiscal year 2024 it reported $492K in revenue, $578K in expenses, and $66K in net assets.Pt I

Type
Higher education institution · Religion
Location
Spring, TX
Website
jerusalemseminary.org
Filings
5 on file (2020–2024)
Revenue
$492KFY2024
Expenses
$578K
Net assets
$66K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-3572011 Higher education institution Spring, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers Holy Land tours and resources to deepen understanding of Bible history and context.
Leadership
Baruch Brian Scott Kvasnica · Dir./President · $21K
Money in and out
$492K revenue, $578K expenses
Bottom line
-17% operating surplus
Financial scale & money flow · FY2024
Total revenue
$492K
Pt VIII · Ln 12
Total expenses
$578K
Pt IX · Ln 25
Net assets
$66K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$86K
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
-17%
revenue over expenses, this legal entity▼ -429% vs prior filing year
Payroll share
51%
of this entity's spending is salaries & benefits▼ -4% vs prior filing year
Program spending
100%
of expenses reach program services0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$492K
FY2024▲ +11%
Expenses
$578K
FY2024▲ +37%
Total assets
$100K
FY2024▼ -34%
Total liabilities
$34K
FY2024
Total revenue
$492K
Pt VIII · Ln 12
Total expenses
$578K
Pt IX · Ln 25
Net assets
$66K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$86K
Total assetsPt X · Ln 16$100K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJerusalem Seminary
EINHdr · item D82-3572011
Principal addressHdr · item CSpring, TX
WebsiteHdr · item Jjerusalemseminary.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFJan 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$21,000Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Baruch Brian Scott Kvasnica’s $21K as Dir./President is at the 18th percentile of top reported officer pay among 2136 $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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $578K of program spending, described in the organization's own filed words · FY2024.
01

We provided courses, online and in person in Israel, to train believers in Biblical Hebrew as a living language and in other theological and Biblical subjects. Since 2021 we have served over 350 students from over 50 countries, including many from Israel.

$578Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$414K · 84%
Program service revenue$78K · 16%
Contributions & grants84%$414K
Program service revenue16%$78K
Total revenueLn 12$492K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$578K
Total functional expensesLn 25$578K

Balance Sheet

Part X · end of year
CashLn 1$99K
Total assetsLn 16$100K
Total liabilitiesLn 26$34K
Total net assetsLn 32$66K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $99K · Operating expenses/yr $578K
2.0 months
Where the money goes
Program services
Program services $578K · Total expenses $578K
100%
Management & General
Management & general $0 · Total expenses $578K
0%
Fundraising
Fundraising $0 · Total expenses $578K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $367K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $414K · Total revenue $492K
84%
Government reliance
Government grants — · Total revenue $492K
Earned-income share
Program service revenue $78K · Total revenue $492K
16%
Investment reliance
Investment income $-205 · Total revenue $492K
-0.04%
Program self-sufficiency
Program service revenue $78K · Total expenses $578K
14%
Growth & trend
Revenue growth (YoY)
This year $492K · Prior year $445K
+11%
Revenue CAGR
FY2020 $81K · FY2024 $492K
+57%
Net-asset trend (YoY)
End of year $66K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $492K · Expenses $578K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $100K
Net-asset ratio
Net assets $66K · Total assets $100K
66%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $100K
0%
People & payroll
Highest Reported Total Compensation
Individual Baruch Brian Scott Kvasnica · Reported title Dir./President · Highest reported compensation $21K · Total expenses $578K
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $297K · Total expenses $578K
51%
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 11%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · received and paid
Grants received · FY2024
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Grants paid · 2 grants · $37K · 2023–2024

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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
FY2024 (Latest)$492K revenue · viewing · ⤓ 990 PDF
FY2023$445K revenue · ⤓ 990 PDF
FY2022$331K revenue · ⤓ 990 PDF
FY2021$182K revenue · ⤓ 990 PDF
FY2020$81K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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