SHEPHERDS THEOLOGICAL SEMINARY INC

CARY, NC, 27518 (919) 573-5350 Est. 2003 EIN 20-0180768

B50 - Graduate & Professional Schools 990 - Public charity return 501(c)(3)

Mission

TO TRAIN MEN AND WOMEN FOR MINISTRY.

Total Revenue

$7,598,959

Total Expenses

$4,767,870

Net Assets

$5,259,333

33 employees 16 volunteers

From latest filing (tax period ending 2025-06-30)

Operating Reserve

13.2 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 56.2%

Expenses ↑ 30.7%

Revenue Sources

Contributions 71.9% Earned revenue 25.9% Investment 2.0%

Expense Breakdown

Program 76.2% Management 20.9% Fundraising 2.9%

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Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jul 1, 2024 to Jun 30, 2025	$7,598,959 ↑	$4,767,870	$5,259,333
2023 990 - Public charity return Jul 1, 2023 to Jun 30, 2024	$4,864,504 ↑	$3,649,130	$2,428,244
2022 990 - Public charity return Jul 1, 2022 to Jun 30, 2023	$3,691,999 ↑	$3,532,885	$1,212,870
2020 990 - Public charity return Jul 1, 2020 to Jun 30, 2021	$3,230,898 ↑	$2,701,715	$921,418
2019 990 - Public charity return Jul 1, 2019 to Jun 30, 2020	$2,615,396 ↑	$2,510,776	$392,235
2018 990 - Public charity return Jul 1, 2018 to Jun 30, 2019	$2,039,632	$1,964,703	$287,615