Chafer Theological Seminary in Albuquerque, New Mexico (NM)

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Chafer Theological Seminary
Employer Identification Number (EIN)200403281
Name of OrganizationChafer Theological Seminary
AddressPO BOX 93580, Albuquerque, NM 87199-3580
SubsectionEducational Organization, Religious Organization
Ruling Date01/2005
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$185,985
Amount of Income$135,755
Form 990 Revenue Amount$135,755
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Vocational, Technical Schools


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Amount of income in 2013: $135,755 (it was $190,188 in 2012)
This organization: 

 $135,755
Other organizations performing similar types of work: 

 $180,438

Assets in 2013: $185,985 (it was $201,606 in 2012)
This organization: 

 $185,985
Other organizations performing similar types of work: 

 $100,732

Expenses in 2013: $151,325
Chafer Theological Seminary: 

 $151,325
Other organizations performing similar types of work: 

 $172,661

Income to expenses ratio in 2013: 0.9
Chafer Theological Seminary: 

 0.9
Other organizations performing similar types of work: 

 1.3

Grants share in income in 2013: 86.7%
This organization: 

 86.7%
Other organizations performing similar types of work: 

 47.2%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$149,859$132,180$135,755
Contributions, gifts, grants, and similar amounts received$129,105$118,807$117,749
Program service revenue including government fees and contracts$16,959$10,682$10,854
Membership dues and assessments$0$0$0
Investment income$3,795$4,160$7,152
Gain/Loss from sale of assets other than inventory$0$-1,469$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$145,884$149,613$151,325
Total net assets$217,363$199,930$184,360
Excess/Deficit for the year$3,975$-17,433$-15,570
Net assets or fund balances at beginning of year$213,388$217,363$199,930
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$199,930$184,360
Balance Sheets
201120122013
Total assets$219,365$201,606$185,985
Total liabilities$2,002$1,676$1,625
Net assets or fund balances$217,363$199,930$184,360
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
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Organizations performing similar types of work
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1Loyalist College Of Applied Arts And TechnologyBelleville On K8n 5b9, Canadainternational2014-01$55,514,601
2Pathpoint315 W Haley St Ste 102, Santa Barbara, CA 93101-8052CA2000-01$20,589,726
3Southern Nevada Culinary And Bartenders Training Fund A Trust, Solomon Mark Ex Director710 W Lake Mead Blvd, N Las Vegas, NV 89030-4067NV2001-02$9,367,340
4Indiana-Kentucky-Ohio Reg Cncil Of Crpntrs Jt Apprntc & Training Fund1095 Mariners Dr, Warsaw, IN 46582-9392IN2004-09$9,297,118
5The@booker T Washington Public Charter School For Technical Arts1346 Florida Avenue N W, Washington, DC 20009-4838DC1999-06$9,006,609
6Valley Grande Institute For Academic Studies345 S Texas Blvd, Weslaco, TX 78596-6113TX1999-08$5,722,574
7Westmed Training Inc11355 N Torrey Pines Rd, La Jolla, CA 92037-1013CA2009-10$4,181,214
8Taller San Jose801 N Broadway, Santa Ana, CA 92701-3423CA2006-09$3,817,731
9Construction Education Foundatin Inc8005 Schoon St, Anchorage, AK 99518AK2008-08$3,626,566
10Sheet Metal Workers Local Union No 28 Education Fund13920 Jamaica Ave, Jamaica, NY 11435-3614NY1978-11$3,281,658
11Toledo Electrical Joint Apprenticeship & Training Trust Fu803 Lime City Rd, Rossford, OH 43460-1613OH2000-02$2,844,757
12Associated Builders And Contractors Inc Rio Grande Chapter, Abc-Rgc Training Trust2821 Broadway Blvd Ne, Albuquerque, NM 87107-1403NM2000-07$391,401
13Chafer Theological SeminaryPO BOX 93580, Albuquerque, NM 87199-3580NM2005-01$135,755
14Carlsbad Community Development1500 University Dr, Carlsbad, NM 88220-3509NM2007-12$97,692
15W Tx & S Nm Bac Joint Apprenticeship & Training Trust Fu, James D Cahill Ttee1200 San Pedro Dr Ne, Albuquerque, NM 87110-6726NM2009-11$31,693
16Amarillo Lubbock West Texas Sheet Metal Jatc2300 Buena Vista Dr Se Ste 110, Albuquerque, NM 87106-4335NM2006-03$17,999
17Construction Trades Partnership Inc1100 S Main St, Las Cruces, NM 88005-2917NM2006-02$62
18Film Apprenticeship Programs Inc10 Rudy Rodriguez Drive, Santa Fe, NM 87508NM2008-07$0
19Sew Right Inc363 E La Entrada, Corrales, NM 87048NM2008-12$0
20Troy Baca Automotive Mechanic Scholorship Fund1602 Jack Nicklaus Dr, Belen, NM 87002NM2006-01$0
Number of organizations performing similar types of work
Alaska5
Alabama12
Arkansas5
Arizona18
California129
Colorado21
Connecticut7
District of Columbia10
Delaware3
Florida39
Georgia36
Hawaii5
Iowa13
Idaho14
Illinois52
Indiana29
Kansas6
Kentucky5
Louisiana22
Massachusetts21
Maryland27
Maine6
Michigan29
Minnesota15
Missouri20
Mississippi8
Montana3
North Carolina27
North Dakota3
Nebraska3
New Hampshire6
New Jersey35
New Mexico9
Nevada14
New York54
Ohio46
Oklahoma7
Oregon15
Pennsylvania42
Rhode Island3
South Carolina9
Tennessee12
Texas75
Utah11
Virginia23
Vermont4
Washington20
Wisconsin18
West Virginia3
Wyoming2
International10
Total1,011

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