Florida Center for Theological Studies Inc
Nonprofit profile at a glance
- EIN
- 592548486
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990 2017, Form 990-EZ 2024, Form 990-N 2019
- Location
- West Palm Bch, FL, USA
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $23,472
- Expenses
- $20,032
- Assets
- $53,744
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- REV DR PATRICK O'NEILL (PRESIDENT)
- DIANE SHOAF (VICE PRESIDENT)
- BRYAN T FROEHLE (EXECUTIVE DIRECTOR)
People named in this filing
- REV DR PATRICK O'NEILL (PRESIDENT)
- DIANE SHOAF (VICE PRESIDENT)
- JOSEPH IONNONE (SEC TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Foundation fosters creative relationships with degree programs in theology or ministry that emphasize academic quality spiritual formation and community engagement in a spirit of inclusion and diversity whenever possible working with programs accredited by the Association of Theological Schools. Grounded in a practical theological approach it discerns the signs of the times to strategically identify emerging leadership opportunities and provide critical funding for innovative programs. The Foundation supports spiritual theological and ministerial formation that transforms communities.
What it reported doing in 2024
Theological Education Scholarships
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 89% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 100
- Sustainability: 60
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.3%; rating input score 81
- Program expense ratio: 95.3%; rating input score 95
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 14.7%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 2.68; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -12.7% per year; rating input score 0; 24th percentile among comparable filings
- Revenue growth: -21.6% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: -22.2% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 81.3% of revenue deployed · 95.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $19K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.