2024-05-02T16:07:41-04:00 2023-06-30 843297029 DNM & ASSOCIATES PS PO BOX 1156 SHELTON WA 98584 990 2022-07-01 911559533 FAITH EVANGELICAL LUTHERAN SEMINARY FAITH INTERNATIONAL UNIVERSITY FAIT 8887777675 3504 NORTH PEARL STREET TACOMA WA 984072607 DR MICHAEL J ADAMS PRESIDENT & CEO 8887777675 2024-05-02 true MICHAEL ADAMS XXX-XX-XXXX false DANIEL MORTENSEN CPA P01631156 3604265667 2024-05-02 2022 2023-04-26 12:10:37Z DR MICHAEL J ADAMS 3504 NORTH PEARL STREET TACOMA WA 984072607 2355756 false X WWW.FAITHIU.EDU X 1969 WA FAITH EVANGELICAL IS AN INSTITUTION OF UNDERGRADUATE AND THEOLOGICAL EDUCATION AND RESEARCH. 7 7 47 0 976262 313080 1849207 2042676 0 0 2825469 2355756 0 0 1408255 1574712 0 0 1026377 1124788 2434632 2699500 390837 -343744 4947688 4416351 3310115 3122522 1637573 1293829 X FAITH EVANGELICAL SEMINARY EXISTS TO GLORIFY GOD BY EQUIPPING CHRISTIAN LEADERS WITH A BIBLICAL, THEOLOGICAL, AND PRACTICAL EDUCATION EMPOWERING THEM TO APPLY AND PROCLAIM THE INERRANT WORD OF GOD FOR WORLD-WIDE CHRISTIAN SERVICE. false false 782768 2042676 UNDERGRADUATE AND GRADUATE THEOLOGICAL EDUCATION AND RESEARCH SERVING STUDENTS IN THE UNITED STATES. 782768 true true false false false false false false false false true false false false true true true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false true 14 0 47 true false false false false false false false false X 7 7 true false false false false false false true true false false true true true true true true true false false X DR MICHAEL J ADAMS 8887777675 3504 NORTH PEARL STREET TACOMA WA 984072607 DR MICHAEL J ADAMS PRESIDENT & 40.00 X X 109000 0 0 JOHN WHEELER VICE PRESIDE 40.00 X 103000 0 0 DR KYU HYUN LEE VICE PRESIDE 40.00 X 75000 0 0 H WAYNE HOUSE CAO 32.00 X 45000 0 0 JAMES ELMORE DIRECTOR 1.00 X 0 0 0 CRAIG MCELFRESH DIRECTOR 1.00 X 0 0 0 MARK REDAL SECRETARY 1.00 X X 0 0 0 PAUL REDAL TREASURER 1.00 X X 0 0 0 MICHAEL STEWART DIRECTOR 1.00 X 0 0 0 KARL ZETTERBERG CHAIRMAN 1.00 X X 0 0 0 DON BELL CFO 10.00 X 0 0 0 332000 2 false false false 313080 313080 TUITION AND FEES 611600 2041840 2041840 MISC. FEES AND CHARGES 611600 836 836 2042676 2355756 2042676 332000 332000 1104435 668387 436048 27825 12768 15057 110452 50145 60307 12676 12676 30930 30930 150835 150835 77522 77522 54513 32272 22241 123836 123836 54512 54512 120391 120391 174758 174758 85334 85334 40111 40111 SETTLEMENT EXPENSE 89805 89805 BAD DEBTS (RECOVERIES) 44494 44494 BANK FEES 40865 40865 ACCREDITATION 14142 14142 10064 5054 5010 2699500 782768 1916732 0 82662 166127 2404 2436 105736 152754 9143 9143 645 1597 5071188 986894 4142481 4084294 604617 4947688 4416351 298728 209046 650000 650000 2325366 2145749 36021 27922 89805 3310115 3122522 X 1525066 1248952 112507 44877 1637573 1293829 4947688 4416351 -343744 X false true X false false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 813123 813123 3651106 501043 3150063 309014 245301 63713 297945 240550 57395 4084294 DUE TO DEPARTMENT OF EDUCATION 89805 89805 X 2355756 2355756 2355756 2699500 2699500 2699500 SCHEDULE D, PAGE 3, PART X THE FINANCIAL ACCOUNTING STANDARDS BOARD REQUIRES MANAGEMENT TO ANNUALLY EVALUATE THE SEMINARY'S TAX POSITIONS, INCLUDING ACCOUNTING AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. FOR THE YEAR ENDING JUNE 30, 2023, MANAGEMENT CONCLUDED THAT NO UNCERTAIN TAX POSITIONS HAD BEEN TAKEN THAT WOULD REQUIRE ADJUSTMENT TO OR DISCLOSE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SEMINARY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2014. true true true true true true true false false false false false false false false true true true SCHEDULE E, LINE 6 THE ORGANIZATION RECEIVED COMMUNICATION FROM THE UNITED STATES DEPARTMENT OF EDUCATION STATING THAT THE SEMINARY HAD BEEN DEEMED INELIGIBLE FOR PARTICIPATION IN THE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS FOR THE FOR THE 2014-2016 AWARD YEARS. IT HAS REGAINED ELIGIBILITY AS OF THE 2016-2017 AWARD YEAR. KARL ZETTERBERG BOARD MEMBER FINANCING X 650000 650000 false true true 650000 FORM 990 - ORGANIZATION'S MISSION FAITH EVANGELICAL SEMINARY EXISTS TO GLORIFY GOD BY EQUIPPING CHRISTIAN LEADERS WITH A BIBLICAL, THEOLOGICAL, AND PRACTICAL EDUCATION EMPOWERING THEM TO APPLY AND PROCLAIM THE INERRANT WORD OF GOD FOR WORLD-WIDE CHRISTIAN SERVICE. FORM 990, PAGE 6, PART VI, LINE 2 FAITH EVANGELICAL SEMINARY FAITH EVANGELICAL SEMINARY SECRETARY TREASURER BROTHER FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD PRIOR TO FILING AND REVIEWED BY THE ENTIRE BOARD AT THE BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED AND MONITORED BY THE BOARD ANNUALLY AT THE BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION OF THE PRESIDENT/CEO IS DETERMINED BY THE BOARD OF DIRECTORS. COMPENSATION FOR OTHERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE FRONT DESK FOR PUBLIC ACCESS AND ALSO AVAILABLE VIA MAIL UPON WRITTEN REQUEST.