Gordon-Conwell Theological Seminary
Gordon-Conwell Theological Seminary reported $34.8 million in revenue and $32.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.46 went to program services, $15.02 to management and general costs and $3.52 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 52.6% of the total. The highest compensation it reported for one person was $264,069 (President). 14 people received more than $100,000 in reportable compensation. Revenue fell 6% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $32MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $35MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.5% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.12 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 27.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 52.6% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $264,069 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.82% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 14 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 37.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 21 of 22 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseProvided graduate theological education that served over 1,839 students in FY25. The Seminary has four campuses: Hamilton, MA; Boston, MA; Charlotte, NC; and Jacksonville, FL. It offers 7 degree programs
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President Director/trustee, officer, 50.00 hrs/week | $143,981 | $0 | $120,088 | $264,069 |
| Chief Financial Officer Officer, 50.00 hrs/week | $124,251 | $0 | $40,432 | $164,683 |
| VP of Strategy and CIO Highest compensated employee, 50.00 hrs/week | $146,830 | $0 | $15,870 | $162,700 |
| Dean of Hamilton Campus Highest compensated employee, 50.00 hrs/week | $117,303 | $0 | $32,726 | $150,029 |
| Controller Highest compensated employee, 50.00 hrs/week | $115,513 | $0 | $32,896 | $148,409 |
| Professor Highest compensated employee, 50.00 hrs/week | $134,542 | $0 | $10,983 | $145,525 |
| VP Advancement Highest compensated employee, 50.00 hrs/week | $134,948 | $0 | $6,763 | $141,711 |
14 people received more than $100,000 in reportable compensation from Gordon-Conwell Theological Seminary (Part VII, line 2). Compensation of current officers, directors and key employees totaled $431K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b22 · 21 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5424
- Volunteers Part I, line 685
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Magna 5 LLC Technology Services | $560,114 |
| Sodexo Inc and Affiliates Food Services | $403,029 |
| Olympic Marketing Group Inc Repair & Maintenance | $355,383 |
| nextSource Inc co Marquette CommFinNW Contract Labor | $331,220 |
| Team HGS Australia Pty Ltd Contract Labor | $243,431 |
Individuals listed as contractors are left out. 14 contractors were paid more than $100,000 in all.
Private foundation grants it received
17 private foundations reported grants to Gordon-Conwell Theological Seminary totaling $1.3M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Gordon-Conwell Theological Seminary's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Gordon-Conwell Theological Seminary, you can publish a response that is linked from this page.
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Of every $100 Gordon-Conwell Theological Seminary spent in FY2025, $81.46 went to programs. The full breakdown, from its IRS Form 990:
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All education charities · Largest charities in Massachusetts
Questions people ask
How much of Gordon-Conwell Theological Seminary's spending goes to programs?
In the fiscal year ending June 30, 2025, Gordon-Conwell Theological Seminary reported that 81.5% of its $32.2 million in expenses went to program services, 15.0% to management and general and 3.5% to fundraising (Form 990, Part IX).
How much does Gordon-Conwell Theological Seminary pay its top executive?
The largest total compensation Gordon-Conwell Theological Seminary reported for one person in the fiscal year ending June 30, 2025 was $264,069, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Gordon-Conwell Theological Seminary get its money?
Of $34.8 million in revenue in the fiscal year ending June 30, 2025, 27.3% came from contributions and grants and 52.6% from program service revenue (Form 990, Part VIII).
Is Gordon-Conwell Theological Seminary a registered charity?
The IRS lists EIN 04-2463847 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621339349305807 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521339349301807 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401359349304680 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341329349301314 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211369349303826 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141349349304449 · read the filing
All filings for EIN 04-2463847: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.