Nonprofit · EIN 61-1312812
BSK THEOLOGICAL SEMINARY INC
Tax-exempt · LEXINGTON, KY 40523
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $966,283 | $1,364,862 | -$398,579 | $2,500,550 | $523,899 | $1,976,651 |
| July 31, 2024 | 990 | $988,259 | $1,328,225 | -$339,966 | $2,968,301 | $553,119 | $2,415,182 |
| July 31, 2023 | 990 | $829,014 | $1,306,142 | -$477,128 | $3,176,815 | $513,175 | $2,663,640 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $703,312
- Program service revenue
- $72,123
- Investment income
- $186,731
- Net gain from sales of assets
- $117,804
- Other revenue
- $4,117
Expenses
- Grants and similar amounts paid
- $124,220
- Other salaries and wages
- $858,153
- Salaries, compensation and benefits (total)
- $970,948
- Professional fundraising fees
- $0
- Accounting fees
- $16,084
- Occupancy
- $43,000
- Travel
- $6,411
- Depreciation
- $15,699
- Program services (functional)
- $1,005,271
- Management and general (functional)
- $243,633
- Fundraising (functional)
- $115,958
Balance sheet and other
- Total assets, start of year
- $2,968,301
- Total assets, end of year
- $2,500,550
- Total liabilities, end of year
- $523,899
- Net assets, end of year
- $1,976,651
- Land, buildings and equipment
- $27,254
- Publicly traded securities
- $1,819,118
- Net assets without donor restrictions
- -$219,514
- Net assets with donor restrictions
- $2,196,165
- Gross receipts
- $966,283
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1996
- State of legal domicile
- KY
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID CASSADY | PRESIDENT Trustee or director, Officer | 40 | $70,708 | $40,800 |
| JOAN FOWLER | TRUSTEE Trustee or director, Officer | 2 | $0 | $0 |
| ANN MCMAHAN | TRUSTEE Trustee or director, Officer | 2 | $0 | $0 |
| MICAH SPICER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MELODY CHANEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DON COLLIVER | TREASURER Trustee or director | 1 | $0 | $0 |
| LARRY GRAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEN HALL | CHAIR Trustee or director | 1 | $0 | $0 |
| ALPHONSO CORNISH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DWIGHT LOVAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARGARET JOLLY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| OMER MIDDLETON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JONATHON MOREHEAD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RONALD OLIVER | VICE-CHAIR Trustee or director | 1 | $0 | $0 |
| CAROL HARSTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSS JOHNSON | TRUSTEE Trustee or director | 1 | $0 |
| DARTANYA HILL | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended July 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID CASSADY | PRESIDENT Trustee or director, Officer | 40 | $70,208 | $40,800 |
| JOAN FOWLER | TRUSTEE Trustee or director, Officer | 2 | $0 | $0 |
| ANN MCMAHAN | TRUSTEE Trustee or director, Officer | 2 | $0 | $0 |
| MICAH SPICER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MELODY CHANEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DON COLLIVER | TREASURER Trustee or director | 1 | $0 | $0 |
| LARRY GRAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KEN HALL | CHAIR Trustee or director | 1 | $0 | $0 |
| ALPHONSO CORNISH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DWIGHT LOVAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARGARET JOLLY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| OMER MIDDLETON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JONATHON MOREHEAD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RONALD OLIVER | VICE-CHAIR Trustee or director | 1 | $0 | $0 |
| CAROL HARSTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROSS JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DARTANYA HILL | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended July 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID CASSADY | PRESIDENT Trustee or director, Officer | 40 | $71,308 |
| JOAN FOWLER | TRUSTEE Trustee or director, Officer | 2 | $0 |
| ANN MCMAHAN | TRUSTEE Trustee or director, Officer | 2 | $0 |
| MICAH SPICER | SECRETARY Trustee or director, Officer | 2 | $0 |
| MELODY CHANEY | TRUSTEE Trustee or director | 1 | $0 |
| DON COLLIVER | TREASURER Trustee or director | 1 | $0 |
| LARRY GRAY | TRUSTEE Trustee or director | 1 | $0 |
| KEN HALL | CHAIR Trustee or director | 1 | $0 |
| ALPHONSO CORNISH | TRUSTEE Trustee or director | 1 | $0 |
| DWIGHT LOVAN | TRUSTEE Trustee or director | 1 | $0 |
| MARGARET JOLLY | TRUSTEE Trustee or director | 1 | $0 |
| OMER MIDDLETON | TRUSTEE Trustee or director | 1 | $0 |
| JONATHON MOREHEAD | TRUSTEE Trustee or director | 1 | $0 |
| RONALD OLIVER | VICE-CHAIR Trustee or director | 1 | $0 |
| CAROL HARSTON | TRUSTEE Trustee or director | 1 | $0 |
| ROSS JOHNSON | TRUSTEE Trustee or director | 1 | $0 |
| DARTANYA HILL | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 23079, LEXINGTON, KY 40523-3079
- In care of
- % GREG EARWOOD
- Principal officer (990 for 2024)
- DAVID CASSADY, PO BOX 23079, LEXINGTON, KY 40523
- Signed the 990
- DAVID CASSADY, PRESIDENT
- Phone
- (502) 863-8300
- Website
- WWW.BSKY.ORG
- Return prepared by
- HISLE AND COMPANY CPA'S
Mission
THE BAPTIST SEMINARY OF KENTUCKY PROVIDES CHRISTIAN THEOLOGICAL EDUCATION COMMITTED TO SPIRITUAL DEPTH, INTELLECTUAL HONESTY AND MORAL INTEGRITY.
Program accomplishments
- EDUCATIONAL TRAINING PROVIDED FOR STUDENTS ENROLLED IN MASTER OF DIVINITY PROGRAM.FALL ENROLLMENT 50 STUDENTS SPRING ENROLLMENT 46 STUDENTSExpenses $1,005,271 · grants $124,220 · revenue $194,044
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 61-1312812
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B50)
- Assets (IRS master file)
- $2,500,550
- Income (IRS master file)
- $966,283
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $966,283 | $1,364,862 | $2,500,550 | XML |
| 990 | July 2024 | $988,259 | $1,328,225 | $2,968,301 | XML |
| 990 | July 2023 | $829,014 | $1,306,142 | $3,176,815 | XML |
| 990 | July 2022 | $1,983,288 | $1,207,264 | $3,605,933 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
| 990 | July 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 61-1312812).
Questions about BSK THEOLOGICAL SEMINARY INC
- What is the EIN of BSK THEOLOGICAL SEMINARY INC?
- The employer identification number (EIN) of BSK THEOLOGICAL SEMINARY INC is 61-1312812.
- Is BSK THEOLOGICAL SEMINARY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to BSK THEOLOGICAL SEMINARY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BSK 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 BSK THEOLOGICAL SEMINARY INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BSK THEOLOGICAL SEMINARY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of BSK THEOLOGICAL SEMINARY INC?
- The 990 for the year ended July 31, 2025 names DAVID CASSADY.
- Who are the officers and directors of BSK THEOLOGICAL SEMINARY INC?
- The 990 for the year ended July 31, 2025 lists 17 people; 1 received compensation from the organization, the highest $70,708 (DAVID CASSADY, PRESIDENT).
- How much revenue does BSK THEOLOGICAL SEMINARY INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $966,283, expenses of $1,364,862 and total assets of $2,500,550 at year end.
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