Theos Seminary EIN 85-2177132 Form 990 (PDF) Claim this org

Theos Seminary

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Provides accessible, quality theological education for charismatic evangelicals. For fiscal year 2025 it reported $441K in revenue, $433K in expenses, and $54K in net assets.Pt I

Founded
2020
Type
Higher education institution · Religion
Location
Georgetown, TX
Website
www.theosseminary.com
Filings
5 on file (2021–2025)
Revenue
$441KFY2025
Expenses
$433K
Net assets
$54K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  85-2177132 Higher education institution Georgetown, TX Founded 2020
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides accessible, quality theological education for charismatic evangelicals.
Leadership
William Scott Bolin · Secretary · $27K
Money in and out
$441K revenue, $433K expenses
Bottom line
+2% operating surplus
Financial scale & money flow · FY2025
Total revenue
$441K
Pt VIII · Ln 12
Total expenses
$433K
Pt IX · Ln 25
Net assets
$54K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $8K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Operating surplus
+2%
revenue over expenses, this legal entity▲ +129% vs prior filing year
Payroll share
22%
of this entity's spending is salaries & benefits▼ -27% vs prior filing year
Program spending
77%
of expenses reach program services▼ -3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$441K
FY2025▼ -22%
Expenses
$433K
FY2025▼ -27%
Total assets
$80K
FY2025▲ +57%
Total liabilities
$26K
FY2025▲ +502%
Total revenue
$441K
Pt VIII · Ln 12
Total expenses
$433K
Pt IX · Ln 25
Net assets
$54K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$8K
Total assetsPt X · Ln 16$80K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTheos Seminary
EINHdr · item D85-2177132
Principal addressHdr · item CGeorgetown, TX
WebsiteHdr · item Jwww.theosseminary.com
Year of formationHdr · item L2020
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X21)
Ruling yearIRS BMFJul 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
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
$27,000Pt VII · Sec A
Vice President
$21,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

William Scott Bolin’s $27K as Secretary is at the 26th 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023
Nathan Finochio$60,750
Nathanael Finochio$36,250
Christopher Palmer$32,028
William Scott Bolin$28,038$22,000
William Scott Bolin$27,000
Bryan Vos$5,092$22,000
Bryan Vos$21,000

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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Mission & Programs · Part III

Where the work happens

3 program services account for $336K of program spending, described in the organization's own filed words · FY2025.
01

Provide cost-effective solution for theological education for students

$112Kprogram expense
02

Content and curriculum to be used for training and education of religious clergy

$112Kprogram expense
03

Training and education of religious clergy

$112Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$414K · 94%
Contributions & grants$27K · 6%
Program service revenue94%$414K
Contributions & grants6%$27K
Total revenueLn 12$441K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$336K
Management & general23%$98K
Total functional expensesLn 25$433K

Balance Sheet

Part X · end of year
CashLn 1$28K
Total assetsLn 16$80K
Total liabilitiesLn 26$26K
Total net assetsLn 32$54K
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $28K · Operating expenses/yr $433K
0.8 months
Where the money goes
Program services
Program services $336K · Total expenses $433K
77%
Management & General
Management & general $98K · Total expenses $433K
23%
Fundraising
Fundraising $0 · Total expenses $433K
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 $27K · Total revenue $441K
6%
Government reliance
Government grants — · Total revenue $441K
Earned-income share
Program service revenue $414K · Total revenue $441K
94%
Investment reliance
Investment income $0 · Total revenue $441K
0%
Program self-sufficiency
Program service revenue $414K · Total expenses $433K
96%
Growth & trend
Revenue growth (YoY)
This year $441K · Prior year $564K
-22%
Revenue CAGR
FY2021 $180K · FY2025 $441K
+25%
Net-asset trend (YoY)
End of year $54K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $441K · Expenses $433K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $80K
Net-asset ratio
Net assets $54K · Total assets $80K
68%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $80K
0%
People & payroll
Highest Reported Total Compensation
Individual William Scott Bolin · Reported title Secretary · Highest reported compensation $27K · Total expenses $433K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $96K · Total expenses $433K
22%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 23%
Revenue growth -22%

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.

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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
FY2025 (Latest)$441K revenue · viewing · ⤓ 990 PDF
FY2024$564K revenue · ⤓ 990 PDF
FY2023$491K revenue · ⤓ 990 PDF
FY2022$151K revenue · ⤓ 990 PDF
FY2021$180K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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