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The Washington Theological Seminary

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$844k (2023)

Expenses
$983k (2023)

Total Assets
$1.58M (2023)

Total Liabilities
$1.57M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$844,128
Expenses
$982,960
Net Income
-$138,832
Net Assets
$12,353
Notable Sources of Revenue Percent of Total Revenue
Contributions $70,000
8.3%
Program Services $754,063
89.3%
Investment Income $65
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20,000
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $12,500
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $266,961
27.2%
Assets/Debt
Total Assets $1,580,091
Total Liabilities $1,567,738
Net Assets $12,353
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Ouk S Lee (President) $12,500 $0 $0
Sun H Lee (Chair) $0 $0 $0
Andrew Tae Kim (Secretary) $0 $0 $0
Byung Wan Lee (Board Member) $0 $0 $0
John K Kim (Board Member) $0 $0 $0
Christina Lee (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$846,393
Expenses
$966,265
Net Income
-$119,872
Net Assets
$151,185
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,340
0.2%
Program Services $794,691
93.9%
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,300
0.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $433
0.1%
Other Revenue $43,619
5.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $12,500
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $288,991
29.9%
Assets/Debt
Total Assets $466,239
Total Liabilities $315,054
Net Assets $151,185
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Ouk S Lee (President) $12,500 $0 $0
Sun H Lee (Board Chair) $0 $0 $0
Tae O Kim (Chaplain) $0 $0 $0
Robert Cavanugh (Board Member) $0 $0 $0
John K Kim (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,636,000
Expenses
$1,575,788
Net Income
$60,212
Net Assets
$271,057
Notable Sources of Revenue Percent of Total Revenue
Contributions $84,240
5.1%
Program Services $1,551,748
94.9%
Investment Income $12
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $16,210
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $230,643
14.6%
Assets/Debt
Total Assets $511,043
Total Liabilities $239,986
Net Assets $271,057
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Daniel Moon (President) $13,710 $0 $0
Sun H Lee (Board Chair) $0 $0 $0
Tae O Kim (Secretary) $0 $0 $0
Robert Cavanaugh (Board Member) $0 $0 $0
John K Kim (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$672,018
Expenses
$621,425
Net Income
$50,593
Net Assets
$210,844
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $672,018
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,000
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $70,506
11.3%
Assets/Debt
Total Assets $356,498
Total Liabilities $145,654
Net Assets $210,844

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,123,182
Expenses
$1,211,976
Net Income
-$88,794
Net Assets
$160,251
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,123,182
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $12,000
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $149,336
12.3%
Assets/Debt
Total Assets $211,762
Total Liabilities $51,511
Net Assets $160,251
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jin O Jeong (President) $28,125 $0 $0
Taekyong Kim (Board Chair) $12,000 $0 $0
Sun H Lee (Treasurer) $0 $0 $0
Tae O Kim (Secretary) $0 $0 $0
John K Kim (Board Member) $0 $0 $0
Robert Cavanaugh (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$842,334
Expenses
$807,543
Net Income
$34,791
Net Assets
$249,045
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $842,334
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $12,000
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $198,653
24.6%
Assets/Debt
Total Assets $249,045
Total Liabilities $0
Net Assets $249,045
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Taek Yong Kim (Director) $12,000 $0 $0
Sun H Lee (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$495,856
Expenses
$430,310
Net Income
$65,546
Net Assets
$214,254
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,151
0.4%
Program Services $493,705
99.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $25,000
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $99,660
23.2%
Assets/Debt
Total Assets $218,033
Total Liabilities $3,779
Net Assets $214,254

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$189,820
Expenses
$127,819
Net Income
$62,001
Net Assets
$194,476
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,681
26.7%
Program Services $139,139
73.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $199,678
Total Liabilities $5,202
Net Assets $194,476
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Taek Yong Kim (Director) $10,000 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$35,377
Expenses
$38,857
Net Income
-$3,480
Net Assets
$132,475
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,080
5.9%
Program Services $32,240
91.1%
Investment Income $557
1.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $500
1.4%
Assets/Debt
Total Assets $197,453
Total Liabilities $64,978
Net Assets $132,475
Compensation
Key Employees and Officers Compensation Other
Rev Dr Taek Yong Kim (Dean) $0 $9,100
Rev Yong Ho Cha (Director) $0 $0
Rev Dr Timothy Oh (Director) $0 $0
Rev Dr Dok Jun Pak (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$49,724
Expenses
$43,258
Net Income
$6,466
Net Assets
$135,955
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,600
11.3%
Program Services $43,555
87.6%
Investment Income $569
1.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $204,447
Total Liabilities $68,492
Net Assets $135,955
Compensation
Key Employees and Officers Compensation Other
Rev Dr Taek Yong Kim (Dean) $700 $8,400
Rev Yong Ho Cha (Director) $0 $0
Rev Dr Timothy Oh (Director) $0 $0
Rev Dr Dok Jun Pak (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$49,242
Expenses
$43,157
Net Income
$6,085
Net Assets
$129,489
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,800
15.8%
Program Services $40,945
83.2%
Investment Income $497
1.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $200,825
Total Liabilities $71,336
Net Assets $129,489
Compensation
Key Employees and Officers Compensation Other
Rev Dr Taek Yong Kim (Dean) $600 $9,100
Rev Yong Ho Cha (Director) $0 $0
Rev Dr Timothy Oh (Director) $0 $0
Rev Dr Dok Jun Pak (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$37,686
Expenses
$36,340
Net Income
$1,346
Net Assets
$123,404
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,600
4.2%
Program Services $36,045
95.6%
Investment Income $41
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $197,132
Total Liabilities $73,728
Net Assets $123,404

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$56,147
Expenses
$39,735
Net Income
$16,412
Net Assets
$122,058
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,900
5.2%
Program Services $52,927
94.3%
Investment Income $320
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $198,471
Total Liabilities $76,413
Net Assets $122,058

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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