Nonprofit · EIN 20-0180768
SHEPHERDS THEOLOGICAL SEMINARY INC
Tax-exempt · CARY, NC 27518
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,598,959 | $4,767,870 | $2,831,089 | $5,566,534 | $307,201 | $5,259,333 |
| June 30, 2024 | 990 | $4,864,504 | $3,649,130 | $1,215,374 | $2,986,406 | $558,162 | $2,428,244 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,463,007
- of which government grants
- $4,026,645
- Program service revenue
- $1,968,801
- Investment income
- $150,933
- Net income from fundraising events
- $10,965
- Other revenue
- $16,218
Expenses
- Grants and similar amounts paid
- $218,443
- Compensation of officers, directors and key employees
- $183,539
- Other salaries and wages
- $1,916,150
- Salaries, compensation and benefits (total)
- $2,542,211
- Professional fundraising fees
- $0
- Occupancy
- $285,787
- Travel
- $86,871
- Depreciation
- $47,362
- Program services (functional)
- $3,634,869
- Management and general (functional)
- $996,593
- Fundraising (functional)
- $136,408
Balance sheet and other
- Total assets, start of year
- $2,986,406
- Total assets, end of year
- $5,566,534
- Total liabilities, end of year
- $307,201
- Net assets, end of year
- $5,259,333
- Land, buildings and equipment
- $325,929
- Publicly traded securities
- $4,118,015
- Net assets without donor restrictions
- $4,420,470
- Net assets with donor restrictions
- $838,863
- Gross receipts
- $7,598,959
- Employees
- 33
- Volunteers
- 16
- Year formed
- 2003
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BURGGRAFF | PROVOST DEAN Highest-paid employee | 40 | $144,510 |
| THOMAS PITTMAN | VP OF ACADEM Officer | 40 | $100,827 |
| EWART HODGINS | CFO Officer | 20 | $82,712 |
| THOMAS BABER | BOARD MEMBER Trustee or director | 1 | $0 |
| ALAN CROPSEY | BOARD MEMBER Trustee or director | 1 | $0 |
| STEPHEN DAVEY | PRESIDENT Trustee or director, Officer | 5 | $0 |
| PAM GERACE | SECRETARY Trustee or director, Officer | 2 | $0 |
| BOBBY GODFREY | CHAIRMAN OF Trustee or director, Officer | 1 | $0 |
| DON HONG | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID GIBBS III | BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL MARTIN | BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL NEWBY | BOARD MEMBER Trustee or director | 1 | $0 |
| ARNE NEWMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JACK OWEN | BOARD MEMBER Trustee or director | 1 | $0 |
| WAYNE WITT | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BURGGRAFF | PROVOST DEAN Highest-paid employee | 40 | $139,555 |
| THOMAS PITTMAN | VP OF ACADEM Officer | 40 | $90,367 |
| EWART HODGINS | CFO Officer | 20 | $68,792 |
| THOMAS BABER | BOARD MEMBER Trustee or director | 1 | $0 |
| ALAN CROPSEY | BOARD MEMBER Trustee or director | 1 | $0 |
| STEPHEN DAVEY | PRESIDENT Trustee or director, Officer | 5 | $0 |
| PAM GERACE | SECRETARY Trustee or director, Officer | 2 | $0 |
| BOBBY GODFREY | CHAIRMAN OF Trustee or director, Officer | 1 | $0 |
| DON HONG | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID GIBBS III | BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL MARTIN | BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL NEWBY | BOARD MEMBER Trustee or director | 1 | $0 |
| ARNE NEWMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JACK OWEN | BOARD MEMBER Trustee or director | 1 | $0 |
| WAYNE WITT | TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6051 TRYON RD, CARY, NC 27518-9316
- In care of
- % EWART HODGINS
- Principal officer (990 for 2024)
- EWART HODGINS, 6051 TRYON ROAD, CARY, NC 27518
- Signed the 990
- EWART HODGINS, CFO
- Phone
- (919) 573-5350
- Website
- WWW.SHEPHERDS.EDU
- Return prepared by
- HHH CPA GROUP LLC
Mission
TO TRAIN MEN AND WOMEN FOR MINISTRY.
Program accomplishments
- SHEPHERDS THEOLOGICAL SEMINARY IS AN ACCREDITED GRADUATE SCHOOL PROVIDING QUALITY ACADEMIC AND THEOLOGICAL TRAINING FOR STUDENTS DESIRING TO SERVE IN LEADERSHIP ROLES AT CHURCHES, NON-PROFITS, AND OTHER FAITH-BASED ORGANIZATIONS. DURING THE 2023-2024 ACADEMIC YEAR, STS WAS ENGAGED IN GRADUATE EDUCATION AT THREE SITES. AT ITS CARY, NC CAMPUS, STS PROVIDED A TOTAL OF 62 COURSES RANGING FROM 1 TO 21 STUDENTS ENROLLED. THESE COURSES INCLUDE TRADITIONAL ACADEMIC COURSES ON THEOLOGY, HISTORY, PHILOSOPHY, AND BIBLICAL LANGUAGES, THESES COURSES, PRACTICAL MINISTRY COURSES, INDIVIDUAL INTERSHIPS, AND INDEPENDENT STUDY COURSES. THE WEST INSTITUTE OF STS, A TEACHING SITE LOCATED IN LARAMIE WY, PROVIDED A TOTAL OF 17 CLASSROOM COURSES RANGING FROM 5 TO 23 STUDENTS ENROLLED. ADDITIONALLY, THE STS TEACHING SITE IN BRYAN, TX, PROVIDED A TOTAL OF 2 COURSES WITH 6 STUDENTS ENROLLED IN EACH. IN TOTAL, THE FOLLOWING NUMBERS OF STUDENTS PARTICIPATED IN PROGRAMS AT STS: 132 GRADUATE STUDENTS (DEGREE/CREDIT SEEKING) AND 34 NON-DEGREE-SEEKING/AUDIT STUDENT. STS DELIVERED 2,044 TOTAL CREDIT HOURS OF INSTRUCTION, OF WHICH 298 CREDITS WERE TAUGHT VIA DISTANCE EDUCATION. STS HAD 8 GRADUATES IN MAY, 24 GRADUATES IN AUGUST, AND 1 IN DECEMBER WHO WERE PARTICIPATING IN A VARIETY OF MINISTRIES, INCLUDING THE FOLLOWING: PASTORS, ASSISTANT PASTORS, CHURCH PLANTERS, MISSIONARIES, BIBLICAL COUNSELORS, LAY-COUNSELORS, NON-PROFIT WORKERS, AND LOCAL-CHURCH VOLUNTEERS. SIMILARLY, STS'S ALUMNI SERVE IN ALL AREAS OF LOCAL CHURCH MINISTRY, PARA-CHURCH MINISTRIES, FOREIGN MINISTRIES, AND DOCTORAL PROGRAMS AND ACADEMIC APPOINTMENTS.Expenses $3,634,869 · grants $218,443 · revenue $1,968,801
- OTHER
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0180768
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B50)
- Assets (IRS master file)
- $5,566,534
- Income (IRS master file)
- $7,598,959
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,598,959 | $4,767,870 | $5,566,534 | IRS |
| 990 | June 2024 | $4,864,504 | $3,649,130 | $2,986,406 | XML |
| 990 | June 2023 | $3,691,999 | $3,532,885 | $1,717,921 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0180768).
Questions about SHEPHERDS THEOLOGICAL SEMINARY INC
- What is the EIN of SHEPHERDS THEOLOGICAL SEMINARY INC?
- The employer identification number (EIN) of SHEPHERDS THEOLOGICAL SEMINARY INC is 20-0180768.
- Is SHEPHERDS THEOLOGICAL SEMINARY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to SHEPHERDS THEOLOGICAL SEMINARY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHEPHERDS THEOLOGICAL SEMINARY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SHEPHERDS THEOLOGICAL SEMINARY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHEPHERDS THEOLOGICAL SEMINARY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SHEPHERDS THEOLOGICAL SEMINARY INC?
- The 990 for the year ended June 30, 2025 names EWART HODGINS.
- Who are the officers and directors of SHEPHERDS THEOLOGICAL SEMINARY INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 3 received compensation from the organization, the highest $144,510 (DAVID BURGGRAFF, PROVOST DEAN).
- How much revenue does SHEPHERDS THEOLOGICAL SEMINARY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,598,959, expenses of $4,767,870 and total assets of $5,566,534 at year end.
Other nonprofits in CARY
- CARY ACADEMY EIN 56-1934619 · last filed 990 for 2025
- TRIANGLE CHARTER EDUCATION ASSOCIATION INC EIN 90-1031905 · last filed 990 for 2025
- CARY CHRISTIAN SCHOOL INC EIN 56-1894697 · last filed 990 for 2025
- JAMES B HUNT JR INSTITUTE FOR EDUCATIONAL LEADERSHIP AND POLICY EIN 80-0025367 · last filed 990 for 2025
- FORUM OF INCIDENT RESPONSE AND SECURITY TEAMS EIN 38-3943584 · last filed 990 for 2025
- PUBLIC SCHOOL FORUM OF NORTH CAROLINA INC EIN 58-1654064 · last filed 990 for 2025
- LUCY DANIELS CENTER FOR EARLY CHILDHOOD EIN 58-1863104 · last filed 990 for 2025
- THE MARIPOSA SCHOOL EIN 91-2103623 · last filed 990 for 2025