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Nonprofit · EIN 56-2231069

HOOD THEOLOGICAL SEMINARY

Tax-exempt · SALISBURY, NC 28144

Financials

$3.8M$3.9M2024
Revenue Expenses · by fiscal year end
Financials of HOOD THEOLOGICAL SEMINARY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$3,774,556$3,898,249-$123,693$21,232,514$2,739,392$18,493,122
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,648,859
of which government grants
$33,816
Program service revenue
$1,178,375
Investment income
$886,555
Net rental income
$36,789
Net gain from sales of assets
$295,814
Other revenue
$60,767

Expenses

Grants and similar amounts paid
$125,783
Other salaries and wages
$1,416,479
Salaries, compensation and benefits (total)
$1,865,341
Professional fundraising fees
$0
Legal fees
$21,250
Accounting fees
$47,400
Occupancy
$55,313
Travel
$65,753
Depreciation
$196,372
Program services (functional)
$1,843,553
Management and general (functional)
$1,633,830
Fundraising (functional)
$420,866

Balance sheet and other

Total assets, start of year
$19,965,060
Total assets, end of year
$21,232,514
Total liabilities, end of year
$2,739,392
Net assets, end of year
$18,493,122
Land, buildings and equipment
$3,659,722
Publicly traded securities
$14,504,757
Net assets without donor restrictions
$3,932,317
Net assets with donor restrictions
$14,560,805
Gross receipts
$7,324,022
Employees
67
Volunteers
0
Year formed
2001
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.

NameTitleHours / weekCompensationOther / benefits
DR VERGEL L LATTIMORESEMINARY PRESIDENT
Trustee or director
60$192,809$8,150
DR CURTIS T WALKER SRTRUSTEE EMERITUS
Trustee or director
2$0$0
SANDRA CROWDERTRUSTEE
Trustee or director
2$0$0
BISHOP GEORGE W C WALKER SRTRUSTEE EMERITUS
Trustee or director
2$0$0
JANET WARD BLACKTRUSTEE EMERITUS
Trustee or director
2$0$0
BISHOP JOSEPH JOHNSONTRUSTEE EMERITUS
Trustee or director
2$0$0
REV DR DOUGLAS L MAVENTRUSTEE
Trustee or director, Officer
2$0$0
DR CHARLIE DAVIDSONTRUSTEE
Trustee or director
2$0$0
JUDGE ADELE M RILEYTRUSTEE
Trustee or director
2$0$0
REV DR SHELDON SHIPMANSECRETARY
Trustee or director, Officer
5$0$0
DR GAIL HOUNSHELLTRUSTEE
Trustee or director
2$0$0
DR SANDRA L GADSONTRUSTEE
Trustee or director
2$0$0
BISHOP DARAN MITCHELLTRUSTEE
Trustee or director, Officer
2$0$0
BISHOP DWAYNE A WALKERTRUSTEE
Trustee or director
2$0$0
REV DR RANDELL A CAIN JRTRUSTEE
Trustee or director
2$0$0
12 more people on this return
NameTitleHours / weekCompensation
REV DR NILOUS M AVERY IITRUSTEE
Trustee or director
2$0
BISHOP GEORGE D CRENSHAWVICE CHAIRMAN
Trustee or director
5$0
BISHOP W DARIN MOORECHAIRMAN
Trustee or director, Officer
5$0
BISHOP DARRYL B STARNESTRUSTEE
Trustee or director, Officer
2$0
DEAN CAROLINE L LATTIMORETRUSTEE
Trustee or director
2$0
REV PATRICK BARRETTTRUSTEE/ASST. SECRETARY
Trustee or director
5$0
REV DR FREDERICK BOWMANTRUSTEE
Trustee or director
2$0
REV DR KEVIN B WESTONTRUSTEE
Trustee or director
2$0
REV DR TIMOTHY FREEMANHTSNAA PRESIDENT
Trustee or director
2$0
BISHOP BRIAN R THOMPSON SRTRUSTEE
Trustee or director
2$0
DR GREGORY ALCORNTRUSTEE
Trustee or director
2$0
REV DR SIDNEY E DAVIS SRTRUSTEE
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1810 LUTHERAN SYNOD DR, SALISBURY, NC 28144-5768
Principal officer (990 for 2024)
DR VERGEL LATTIMORE, 1810 LUTHERAN SYNOD DRIVE, SALISBURY, NC 28144
Signed the 990
DR VERGEL LATTIMORE, PRESIDENT
Phone
(704) 636-6454
Return prepared by
DMJPS PLLC

Mission

EDUCATIONAL INSTITUTION

990 for the year ended June 30, 2025

Program accomplishments

  • THE ORGANIZATION IS AN INSTITUTION OF HIGHER EDUCATION AND PROVIDES INSTRUCTION, SCHOLARSHIPS AND VARIOUS SUPPORT SERVICES IN ACHIEVING ITS PRIMARY PURPOSE
    Expenses $1,843,553 · grants $125,783 · revenue $1,202,353

What it must file and when

IRS records say it files Not required (religious organization). Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
56-2231069
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
2001
Accounting year ends
June
Files
Not required (religious organization)
Category (NTEE)
Education (B50)
Assets (IRS master file)
$21,232,514
Income (IRS master file)
$7,324,022

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024$3,644,840$3,391,267$19,965,060IRS
990June 2023$3,503,768$3,569,834$18,758,622IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2019–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about HOOD THEOLOGICAL SEMINARY

What is the EIN of HOOD THEOLOGICAL SEMINARY?
The employer identification number (EIN) of HOOD THEOLOGICAL SEMINARY is 56-2231069.
Is HOOD THEOLOGICAL SEMINARY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to HOOD THEOLOGICAL SEMINARY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HOOD THEOLOGICAL SEMINARY file?
Form Not required (religious organization).
When is the next return of HOOD THEOLOGICAL SEMINARY 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 HOOD THEOLOGICAL SEMINARY 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 HOOD THEOLOGICAL SEMINARY?
The 990 for the year ended June 30, 2025 names DR VERGEL LATTIMORE.
Who are the officers and directors of HOOD THEOLOGICAL SEMINARY?
The 990 for the year ended June 30, 2025 lists 27 people; 1 received compensation from the organization, the highest $192,809 (DR VERGEL L LATTIMORE, SEMINARY PRESIDENT).
How much revenue does HOOD THEOLOGICAL SEMINARY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $3,774,556, expenses of $3,898,249 and total assets of $21,232,514 at year end.

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