Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
61 cents of each dollar spent went to programs.
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
6 people listed on the 990.
John Schwandt’s $171K as President is at the 97th 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 · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| John Schwandt | $171,136 | $164,797 | $164,798 | $157,252 |
| Joel Wingo | — | $85,000 | — | — |
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
Equips adult Christians for ministry through distance education in Christ's grace and knowledge.
Questions for Redemption Seminary INC
Your first name shows with your question. Redemption Seminary INC answers here, for everyone.
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The seminary strives to serve its constituency by using innovation, recreating an educational design to ensure it serves everyone involved. The vision of the seminary is making quality theological education available and accessible for everyone who has in interest in learning how to study and apply the bible at a scholarly level at a…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $50 | $285K |
| Total assetsLn 16 | $263K | $499K |
| LiabilitiesLn 26 | $274K | $374K |
| Net assetsLn 32 | −$12K | $126K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $72K | $58K | $11K | $4K |
| Other employee benefitsLn 9 | $4K | $3K | $654 | $218 |
| Payroll taxesLn 10 | $6K | $5K | $892 | $298 |
| Advertising and promotionLn 12 | $594 | $594 | ||
| Office expensesLn 13 | $1K | $737 | $430 | $61 |
| TravelLn 17 | $628 | $377 | $220 | $31 |
| InterestLn 20 | $8K | $8K | ||
| Depreciation, depletion and amortizationLn 22 | $48K | $48K | ||
| Other expenses (24a–d)Ln 24 | $99K | $23K | $76K | |
| Total functional expensesLn 25 | $241K | $146K | $90K | $4K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $680K | $485K | $195K | $494K | 990 PDF |
| FY2023 | $607K | $520K | $87K | $129K | 990 PDF |
| FY2022 | $315K | $450K | −$135K | $42K | 990 PDF |
| FY2021 | $391K | $340K | $51K | $177K | 990 PDF |
| FY2020 Viewing | $378K | $241K | $138K | $126K | 990 PDF |
| FY2019 | $120K | −$12K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $378,224 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, no flags
Part VIII · Statement of revenue $378,224 across 5 lines filed
Part IX · Statement of functional expenses $240,695 across 9 lines filed
Part X · Balance sheet $499,473 assets, 10 lines filed
Part XI · Reconciliation of net assets $125,901 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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