Virginia Beach Theological Seminary
EIN: 541776238 · Virginia Bch, VA · NTEE: B99Z
| Metric | Value |
|---|---|
| Total Revenue | $689K |
| Total Expenses | $696K |
| Net Assets | $1.1M |
Is Virginia Beach Theological Seminary Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virginia Beach Theological Seminary
Virginia Beach Theological Seminary (EIN: 541776238) is a nonprofit organization based in Virginia Bch, VA, classified under NTEE code B99Z. The organization reported total revenue of $689K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Beach Theological Seminary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Beach Theological Seminary is a small nonprofit that has been operating for 30 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $815K |
| Total Expenses | $696K |
| Surplus / Deficit | +$119K |
| Total Assets | $1.2M |
| Total Liabilities | $30K |
| Net Assets | $1.1M |
| Operating Margin | 14.6% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 19.9 months |
Financial Health Grade: A
In 2023, Virginia Beach Theological Seminary reported a surplus of $119K with revenue exceeding expenses, holds 19.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Virginia Beach Theological Seminary's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.7% | -6.0% | +10.9% |
| 2022 | -12.9% | +12.1% | -14.2% |
| 2021 | +71.6% | +8.4% | +41.7% |
| 2020 | +35.4% | +10.5% | +3.7% |
| 2019 | +0.1% | -5.5% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virginia Beach Theological Seminary has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Virginia Beach Theological Seminary with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $119K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.6%.
Frequently Asked Questions about Virginia Beach Theological Seminary
Is Virginia Beach Theological Seminary a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Beach Theological Seminary (EIN: 541776238) insufficient data. 0 red flags identified, 0 strengths noted.
How does Virginia Beach Theological Seminary spend its money?
Detailed spending breakdown data is not yet available for Virginia Beach Theological Seminary. Check back for updated IRS 990 analysis.
Are donations to Virginia Beach Theological Seminary tax-deductible?
Virginia Beach Theological Seminary is registered as a tax-exempt nonprofit (EIN: 541776238). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virginia Beach Theological Seminary located?
Virginia Beach Theological Seminary is headquartered in Virginia Bch, Virginia and files with the IRS under EIN 541776238. It is classified under NTEE code B99Z.
How many years of IRS 990 filings does Virginia Beach Theological Seminary have?
Virginia Beach Theological Seminary has 12 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 $689K in total revenue.
Filing History
IRS 990 filing history for Virginia Beach Theological Seminary showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Virginia Beach Theological Seminary's revenue has declined by 24.1%, moving from $1.1M to $815K. Total assets increased by 12.4% over the same period, from $1.0M to $1.2M. Total functional expenses rose by 18.9%, from $585K to $696K. In its most recent filing year (2023), Virginia Beach Theological Seminary reported a surplus of $119K, with revenue exceeding expenses. The organization holds $30K in liabilities against $1.2M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $815K | $696K | $1.2M | $30K | — | View 990 |
| 2022 | $873K | $740K | $1.0M | $35K | — | View 990 |
| 2021 | $1.0M | $660K | $1.2M | $31K | — | View 990 |
| 2020 | $584K | $609K | $857K | $126K | — | View 990 |
| 2019 | $431K | $551K | $826K | $110K | — | View 990 |
| 2018 | $431K | $584K | $867K | $101K | — | — |
| 2017 | $497K | $529K | $972K | $95K | — | View 990 |
| 2016 | $549K | $513K | $900K | $25K | — | View 990 |
| 2015 | $635K | $431K | $965K | $62K | — | View 990 |
| 2014 | $613K | $554K | $1.2M | $46K | — | View 990 |
| 2013 | $581K | $578K | $1.1M | $18K | — | View 990 |
| 2012 | $1.1M | $585K | $1.0M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $815K, expenses of $696K, and assets of $1.2M (revenue -6.7% year-over-year).
- 2022: Revenue of $873K, expenses of $740K, and assets of $1.0M (revenue -12.9% year-over-year).
- 2021: Revenue of $1.0M, expenses of $660K, and assets of $1.2M (revenue +71.6% year-over-year).
- 2020: Revenue of $584K, expenses of $609K, and assets of $857K (revenue +35.4% year-over-year).
- 2019: Revenue of $431K, expenses of $551K, and assets of $826K (revenue +0.1% year-over-year).
- 2018: Revenue of $431K, expenses of $584K, and assets of $867K (revenue -13.2% year-over-year).
- 2017: Revenue of $497K, expenses of $529K, and assets of $972K (revenue -9.5% year-over-year).
- 2016: Revenue of $549K, expenses of $513K, and assets of $900K (revenue -13.6% year-over-year).
- 2015: Revenue of $635K, expenses of $431K, and assets of $965K (revenue +3.6% year-over-year).
- 2014: Revenue of $613K, expenses of $554K, and assets of $1.2M (revenue +5.6% year-over-year).
- 2013: Revenue of $581K, expenses of $578K, and assets of $1.1M (revenue -45.9% year-over-year).
- 2012: Revenue of $1.1M, expenses of $585K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Beach Theological Seminary:
Data Sources and Methodology
This transparency report for Virginia Beach Theological Seminary 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.