Shepherds Theological Seminary Inc
Shepherds Theological Seminary Inc shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 200180768 · Cary, NC · NTEE: B50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $3.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $2.4M |
| Transparency Score | 85/100 |
Is Shepherds Theological Seminary Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shepherds Theological Seminary Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shepherds Theological Seminary Inc
Shepherds Theological Seminary Inc (EIN: 200180768) is a nonprofit organization based in Cary, NC, classified under NTEE code B50. The organization reported total revenue of $4.9M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shepherds Theological Seminary Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shepherds Theological Seminary Inc is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 14.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $3.6M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $3.0M |
| Total Liabilities | $558K |
| Net Assets | $2.4M |
| Operating Margin | 25.0% |
| Debt-to-Asset Ratio | 18.7% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2024, Shepherds Theological Seminary Inc reported a surplus of $1.2M with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 18.7% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Shepherds Theological Seminary Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +31.8% | +3.3% | +73.8% |
| 2023 | +19.8% | +19.8% | +5.1% |
| 2022 | -4.6% | +9.2% | +4.6% |
| 2021 | +23.5% | +7.6% | -8.2% |
| 2020 | +28.2% | +27.8% | +84.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Shepherds Theological Seminary Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Shepherds Theological Seminary Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 14 filings, which is highly unusual for an organization with annual revenues approaching $5 million. This suggests either a fully volunteer executive leadership or that compensation is structured in a way not reported as 'officer compensation' on the 990.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Shepherds Theological Seminary Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size, which is highly unusual and may obscure actual leadership compensation methods.
Strengths
The following positive indicators were identified for Shepherds Theological Seminary Inc:
- Strong and consistent revenue growth, increasing from $1,094,734 in 2017 to $4,864,504 in 2024.
- Significant asset accumulation, with assets growing from $734,394 in 2018 to $2,986,406 in 2024.
- Expenses consistently lower than revenue in recent years, leading to healthy surpluses.
- Low liabilities relative to assets, indicating financial stability.
Frequently Asked Questions about Shepherds Theological Seminary Inc
Is Shepherds Theological Seminary Inc a legitimate charity?
Shepherds Theological Seminary Inc (EIN: 200180768) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $4.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Shepherds Theological Seminary Inc spend its money?
Shepherds Theological Seminary Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Shepherds Theological Seminary Inc tax-deductible?
Shepherds Theological Seminary Inc is registered as a tax-exempt nonprofit (EIN: 200180768). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Shepherds Theological Seminary Inc CEO make?
Shepherds Theological Seminary Inc's highest-compensated officer earns $5 annually. The organization reported $4.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Shepherds Theological Seminary Inc's spending goes to programs?
Shepherds Theological Seminary Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Shepherds Theological Seminary Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Shepherds Theological Seminary Inc is above average for NTEE category B50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shepherds Theological Seminary Inc located?
Shepherds Theological Seminary Inc is headquartered in Cary, North Carolina and files with the IRS under EIN 200180768. It is classified under NTEE code B50.
How many years of IRS 990 filings does Shepherds Theological Seminary Inc have?
Shepherds Theological Seminary Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.9M in total revenue.
Is Shepherds Theological Seminary Inc a good charity?
Based on its financial health, consistent revenue growth, and significant asset accumulation, the organization appears to be financially sound. The lack of reported officer compensation is a unique characteristic that could be viewed positively for resource allocation, but also warrants further inquiry into leadership compensation practices.
How has the organization's financial health changed over time?
Shepherds Theological Seminary Inc has shown remarkable financial growth. Revenue increased from $1,094,734 in 2017 to $4,864,504 in 2024, and assets grew from $734,394 in 2018 to $2,986,406 in 2024, indicating a strong upward trajectory.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings. This suggests that the executive leadership either serves on a purely volunteer basis or receives compensation through alternative means not categorized as 'officer compensation' on the 990.
Filing History
IRS 990 filing history for Shepherds Theological Seminary Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Shepherds Theological Seminary Inc's revenue has grown by 485.6%, moving from $831K to $4.9M. Total assets increased by 533% over the same period, from $472K to $3.0M. Total functional expenses rose by 281.7%, from $956K to $3.6M. In its most recent filing year (2024), Shepherds Theological Seminary Inc reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $558K in liabilities against $3.0M in assets (debt-to-asset ratio: 18.7%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $4.9M | $3.6M | $3.0M | $558K | — | View 990 |
| 2023 | $3.7M | $3.5M | $1.7M | $505K | — | View 990 |
| 2022 | $3.1M | $2.9M | $1.6M | $581K | — | View 990 |
| 2021 | $3.2M | $2.7M | $1.6M | $641K | — | View 990 |
| 2020 | $2.6M | $2.5M | $1.7M | $1.3M | — | View 990 |
| 2019 | $2.0M | $2.0M | $922K | $635K | — | View 990 |
| 2018 | $1.7M | $1.7M | $734K | $530K | — | View 990 |
| 2017 | $1.1M | $1.5M | $1.0M | $811K | — | View 990 |
| 2016 | $1.4M | $1.3M | $1.2M | $608K | — | View 990 |
| 2015 | $1.4M | $1.2M | $599K | $113K | — | View 990 |
| 2014 | $1.3M | $1.2M | $513K | $175K | — | View 990 |
| 2013 | $894K | $1.2M | $401K | $189K | — | View 990 |
| 2012 | $1.2M | $1.1M | $530K | $59K | — | View 990 |
| 2011 | $831K | $956K | $472K | $160K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.9M, expenses of $3.6M, and assets of $3.0M (revenue +31.8% year-over-year).
- 2023: Revenue of $3.7M, expenses of $3.5M, and assets of $1.7M (revenue +19.8% year-over-year).
- 2022: Revenue of $3.1M, expenses of $2.9M, and assets of $1.6M (revenue -4.6% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.7M, and assets of $1.6M (revenue +23.5% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.5M, and assets of $1.7M (revenue +28.2% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.0M, and assets of $922K (revenue +19.8% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.7M, and assets of $734K (revenue +55.5% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.5M, and assets of $1.0M (revenue -20.5% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $1.2M (revenue -0.4% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.2M, and assets of $599K (revenue +4.4% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $513K (revenue +48.0% year-over-year).
- 2013: Revenue of $894K, expenses of $1.2M, and assets of $401K (revenue -26.9% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $530K (revenue +47.3% year-over-year).
- 2011: Revenue of $831K, expenses of $956K, and assets of $472K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shepherds Theological Seminary Inc:
Data Sources and Methodology
This transparency report for Shepherds Theological Seminary Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.