2026-05-15T11:02:04-05:00 2025-06-30 630813240 PEARCE BEVILL LEESBURG MOORE PC 110 OFFICE PARK DR BIRMINGHAM AL 35223 990 2024-07-01 760690847 GRACE SCHOOL OF THEOLOGY GRAC 8774768674 3705 COLLEGE PARK DR STE 140 THE WOODLANDS TX 773844894 ROBERT KING COO 8774768674 2026-05-13 1 0 BILL BACH P01315784 2053235440 2026-05-13 2024 2025-03-06 01:10:19Z ROBERT KING 3705 COLLEGE PARK DR STE 140 THE WOODLANDS TX 773844894 4298379 0 X WWW.GSOT.EDU X 2001 TX TO DEVELOP SPIRITUAL LEADERS IN EVERY NATION WHO CAN TEACH OTHERS ABOUT THE LOVE OF CHRIST, A LOVE THAT CANNOT BE EARNED AND CANNOT BE LOST. 10 9 62 35 0 0 4248048 3460884 2290299 827135 0 -4873 17111 10360 6555458 4293506 2064562 457124 0 0 3339849 3113419 0 0 365572 1119793 1386603 6524204 4957146 31254 -663640 1969787 1616909 890886 1651648 1078901 -34739 TO DEVELOP SPIRITUAL LEADERS IN EVERY NATION WHO CAN TEACH OTHERS ABOUT THE LOVE OF CHRIST, A LOVE THAT CANNOT BE EARNED AND CANNOT BE LOST. 0 0 3923983 457124 827135 EDUCATION (CHRISTIAN):WE OFFER SEVERAL DIFFERENT PROGRAMS IN BIBLE THEOLOGY AND CHRISTIAN MINISTRY; ATTENDED BY APPROXIMATELY 830 STUDENTS IN THE U.S. AND INTERNATIONALLY.WE OFFER UNDERGRADUATE, GRADUATE, AND DOCTORAL DEGREE PROGRAMS AND CERTIFICATE PROGRAMS INCLUDING COURSES AND/OR CONCENTRATION IN BIBLE EXPOSITION, THEOLOGY, AND CHRISTIAN MINISTRY SKILLS. 3923983 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 1 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 62 1 0 0 0 0 0 0 0 0 0 0 X 10 9 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 1 0 X DAVID A KING 8774768674 3705 COLLEGE PARK DR THE WOODLANDS TX 773844894 DAVID ANDERSON TRUSTEE/PRESIDENT/CEO 40.00 X X 207546 0 0 MARK ALBERS VICE CHAIR/TREASURER 1.00 X 0 0 0 VICTOR CARDENAS TRUSTEE 1.00 X 0 0 0 TIM DUNN TRUSTEE 1.00 X 0 0 0 CAROLINE FIFE TRUSTEE 1.00 X 0 0 0 TRACY MARSHALL TRUSTEE 1.00 X 0 0 0 SCOTT MCEWEN CHAIR 1.00 X 0 0 0 DAVID NICHOLS TRUSTEE 1.00 X 0 0 0 DIAN SUSTEK TRUSTEE 1.00 X 0 0 0 ROBERT TEBOW TRUSTEE 1.00 X 0 0 0 CLINT DIXON SR. OPERATIONS DIRECTOR 40.00 X 42290 0 0 ROBERT KING COO 40.00 X 38662 0 0 FRED CHAY MANAGER 40.00 X 178884 0 0 467382 0 0 2 0 1 0 0 19975 1060000 2380909 3460884 TUITION AND FEES 611600 827135 827135 827135 4873 -4873 -4873 -4873 0 19975 0 0 GTP BOOK REVENUE 900004 9315 9315 OTHER REVENUE 900004 1045 1045 10360 4293506 831577 0 1045 344626 344626 112498 112498 288498 213518 46477 28503 2453195 1815609 395210 242376 225146 166631 36271 22244 146580 108484 23614 14482 17000 15380 1260 360 224597 203193 16643 4761 90678 31737 31737 27204 48394 41449 5435 1510 337971 252802 66648 18521 300571 290863 7604 2104 186612 180584 4721 1307 10017 7349 2668 80290 58909 21381 13644 13644 OTHER 40171 30049 7922 2200 ACCREDITATION EXPENSES 19460 19460 BAD DEBT 17198 17198 4957146 3923983 667591 365572 500496 387808 450000 0 98257 104236 61479 50508 119507 811949 718529 134928 93420 724627 861430 1969787 1616909 261297 354085 375216 85769 24840 8280 229533 1203514 890886 1651648 X 1078901 -34739 1078901 -34739 1969787 1616909 X -663640 -450000 X 0 1 X 1 0 X 3697145 3572560 3729887 4248048 4297334 19544974 3697145 3572560 3729887 4248048 4297334 19544974 19544974 -295 -1300 -1595 8551 8607 16111 -3827 29442 19572821 0.99860 0.99840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 643099 612413 30686 168850 106116 62734 93420 DUE FROM AFFILIATES 63705 RIGHT OF USE ASSET 797725 861430 OPERATING LEASE LIABILITY 778190 OTHER 324 DUE TO AFFILIATES 425000 1203514 X 4293506 0 4293506 0 4293506 4957146 0 4957146 0 4957146 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSISTIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 POSTED ON ORGANIZATION'S WEBSITE 1 ASIA 1 1 PROGRAM SERVICES - MINISTRY GRANTS 457124 1 1 0 0 1 1 457124 0 457124 ASIA MINISTRY 457124 WIRE & CASH 0 ASIA 541 1460807 0 0 0 0 0 0 PART I LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS RECIPIENTS PREPARE AN ANNUAL BUDGET WHICH IS REVIEWED AND APPROVED BY THE GRACE SCHOOL OF THEOLOGY BOARD OF TRUSTEES WHEN THE ANNUAL GSOT BUDGET IS PRESENTED. BUDGETED FUNDING IS RELEASED MONTHLY BASED ON ACTUAL CASH REQUIREMENTS. RECIPIENTS HAVE AN ONLINE FINANCIAL/BOOKKEEPING SYSTEM WHERE MONTHLY REPORTS ARE GENERATED. THE FINANCIAL RECORDS ARE ALSO AUDITED BY AN INDEPENDENT AUDITOR. 0 SCHOLARSHIPS 95 150376 PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS STUDENTS TO BE AWARED BY GRANTS ARE SCREENED BY THE SCHOOL. GRANTS ARE IN THE FORM OF SCHOLARSHIPS AND DISCOUNTS WHICH ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. 0 0 0 0 0 0 0 0 0 DAVID ANDERSON TRUSTEE/PRESIDENT/CEO 207546 0 0 0 0 0 0 0 0 0 207546 0 0 0 FRED CHAY MANAGER 178884 0 0 0 0 0 0 0 0 0 178884 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE SEMINARY EMPLOYEES A CPEO AS THE EMPLOYER FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM AND IS REVIEWED BY MANAGEMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE OF CONFLICT OF INTEREST IS COMPLETED BY EACH BOARD MEMBER AND OFFICER. THE ORGANIZATION'S POLICY IS A DUTY TO DISCLOSE AGREEMENT TO THE BOARD OF DIRECTORS BEFORE ANY TRANSACTION IS PROPOSED. ALL DIRECTORS AND OFFICERS MUST REVIEW THEIR OUTSIDE BUSINESS OR PROFESSIONAL INTERESTS. INTERESTS ARE REVIEWED BY THE BOARD OF DIRECTORS TO DETERMINE IF SUCH CONFLICTS EXIST. IF ANY FINANCIAL INTEREST REGARDING COMPENSATION IS FOUND FROM MEMBER, THAT MEMBER IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. FORM 990, PART VI, SECTION B, LINE 15B BENCHMARKING WAS PROVIDED BY ACCREDITORS TRACS AND THE ASSOCIATION OF THEOLOGICAL SCHOOLS. THE PROCESS INCLUDED BOARD APPROVAL WITH THE ACTION RECORDED IN BOARD MINUTES FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: PRIOR PERIOD ADJUSTMENT - DONATION/PLEDGE A/R -450,000.