Nonprofit · EIN 87-2089580
GRACE BIBLE THEOLOGICAL SEMINARY
Tax-exempt · CONWAY, AR 72032
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $475,274 | $421,839 | $53,435 | $1,716,861 | $30,897 | $1,685,964 |
| June 30, 2024 | 990 | $1,819,946 | $464,643 | $1,355,303 | $1,669,160 | $36,631 | $1,632,529 |
| June 30, 2023 | 990 | $442,296 | $379,169 | $63,127 | $312,480 | $35,258 | $277,222 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $322,939
- Program service revenue
- $153,333
- Investment income
- -$998
- Net gain from sales of assets
- -$998
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $24,334
- Other salaries and wages
- $212,958
- Salaries, compensation and benefits (total)
- $244,357
- Professional fundraising fees
- $0
- Occupancy
- $32,372
- Depreciation
- $47,000
- Program services (functional)
- $293,821
- Management and general (functional)
- $128,018
Balance sheet and other
- Total assets, start of year
- $1,669,160
- Total assets, end of year
- $1,716,861
- Total liabilities, end of year
- $30,897
- Net assets, end of year
- $1,685,964
- Land, buildings and equipment
- $1,349,889
- Net assets without donor restrictions
- $1,685,964
- Gross receipts
- $509,260
- Employees
- 12
- Volunteers
- 4
- Year formed
- 2021
- State of legal domicile
- AR
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JEFFREY D JOHNSON | PRESIDENT Trustee or director, Officer | 10 | $10,167 | $50,461 | $35,000 |
| DANIEL S THURSBY | SECRETARY Trustee or director, Officer | 2 | $0 | $44,576 | $21,840 |
| THOMAS T WALLS | TREASURER Trustee or director, Officer | 2 | $0 | $48,380 | $18,000 |
| RONALD RYAN BUSH | DIRECTOR Trustee or director | 2 | $0 | $1,093 | $0 |
| ANDREW HARGRAVE | DIRECTOR Trustee or director | 2 | $0 | $1,093 | $0 |
| JAMES FETTERLY | DIRECTOR Trustee or director | 2 | $0 | $1,093 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| OWEN D STRACHAN | PROVOST Officer | 40 | $78,062 | $0 | $30,000 |
| JEFFREY D JOHNSON | PRESIDENT Trustee or director, Officer | 10 | $1,350 | $57,950 | $35,000 |
| DANIEL S THURSBY | SECRETARY Trustee or director, Officer | 2 | $0 | $43,260 | $21,840 |
| THOMAS T WALLS | TREASURER Trustee or director, Officer | 2 | $0 | $47,100 | $18,000 |
| RONALD RYAN BUSH | DIRECTOR Trustee or director | 2 | $0 | $1,094 | $0 |
| ANDREW HARGRAVE | DIRECTOR Trustee or director | 2 | $0 | $1,094 | $0 |
| JAMES FETTERLY | DIRECTOR Trustee or director | 2 | $0 | $1,094 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| OWEN D STRACHAN | PROVOST Officer | 40 | $78,062 | $0 | $30,000 |
| JEFFREY D JOHNSON | PRESIDENT Trustee or director, Officer | 10 | $1,350 | $57,950 | $35,000 |
| DANIEL S THURSBY | SECRETARY Trustee or director, Officer | 2 | $0 | $43,260 | $21,840 |
| THOMAS T WALLS | TREASURER Trustee or director, Officer | 2 | $0 | $47,100 | $18,000 |
| RONALD RYAN BUSH | DIRECTOR Trustee or director | 2 | $0 | $1,094 | $0 |
| ANDREW HARGRAVE | DIRECTOR Trustee or director | 2 | $0 | $1,094 | $0 |
| JAMES FETTERLY | DIRECTOR Trustee or director | 2 | $0 | $1,094 | $0 |
Address and contacts
- Address (IRS master file)
- 1076 HARKRIDER ST, CONWAY, AR 72032-4404
- Principal officer (990 for 2024)
- JEFFREY D JOHNSON, 1076 HARKRIDER STREET, CONWAY, AR 72032
- Signed the 990
- JEFFREY D JOHNSON, PRESIDENT
- Phone
- (501) 827-7820
- Website
- GBTSEMINARY.ORG
- Return prepared by
- WINHAM TAX & ACCOUNTING INC
Mission
REFORMED BAPTIST THEOLOGICAL SEMINARY SEE 4A BELOW
Program accomplishments
- TEACHING AND TRAINING THE NEXT GENERATION OF PASTORS, CHURCH PLANTERS, MISSIONARIES, AND WORKERS FROM THROUGHOUT THE U.S. THROUGH DOCTRINAL EDUCATION AND PASTORAL EXPERIENCE WITHIN THE CONTEXT OF THE LOCAL CHURCH. WE ARE A SEMINARY IN THE REFORMED TRADITION.Expenses $293,821 · revenue $153,333
- SEMINARY
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
- 87-2089580
- 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
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B40)
- Assets (IRS master file)
- $1,716,861
- Income (IRS master file)
- $509,260
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $475,274 | $421,839 | $1,716,861 | IRS |
| 990 | June 2024 | $1,819,946 | $464,643 | $1,669,160 | IRS |
| 990 | June 2023 | $442,296 | $379,169 | $312,480 | XML |
| 990 | June 2022 | $409,939 | $275,987 | $226,020 | 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 87-2089580).
Questions about GRACE BIBLE THEOLOGICAL SEMINARY
- What is the EIN of GRACE BIBLE THEOLOGICAL SEMINARY?
- The employer identification number (EIN) of GRACE BIBLE THEOLOGICAL SEMINARY is 87-2089580.
- Is GRACE BIBLE THEOLOGICAL SEMINARY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to GRACE BIBLE THEOLOGICAL SEMINARY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRACE BIBLE THEOLOGICAL SEMINARY 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 GRACE BIBLE 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 GRACE BIBLE 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 GRACE BIBLE THEOLOGICAL SEMINARY?
- The 990 for the year ended June 30, 2025 names JEFFREY D JOHNSON.
- Who are the officers and directors of GRACE BIBLE THEOLOGICAL SEMINARY?
- The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $10,167 (JEFFREY D JOHNSON, PRESIDENT).
- How much revenue does GRACE BIBLE THEOLOGICAL SEMINARY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $475,274, expenses of $421,839 and total assets of $1,716,861 at year end.
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