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Pennsylvania · Nonprofit

FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES

FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES (Pennsylvania) receives grants from 1 organization whose IRS filings report $43,800 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($43,800). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$239k
Funders on record
1
Grants received
$44k
Net assets
$317k
1/1 repeat funderspeak grant-dependency 5%
01What it does

What Friends of Chinese Reformed Theological Seminaries does

Mission

Support missionary teachers, the work of Reformed Theological Seminaries, training Chinese leaders, church planting, an internet TV station for teaching purpose and other Reformed educational ministries among Chinese people. Our vision is to establish healthy Reformed ministries, staffed with qualified Reformed theological leaders who can reproduce Reformed pastors and biblical counselors, also proper facilities to accommodate the Seminaries' need.

As stated on its FY2025 Form 990.

Programs

  1. Missionary support for Dr. Tim Yates.

    $71,660 spent
    33% of program spending
  2. Support Chinese Reformed Theological Seminary and its China Mission.

    $39,916 spent
    18% of program spending
  3. Missionary support for Dr. Toon H. Yeo.

    $36,083 spent
    17% of program spending
  4. Missionary Support to Dr. Moses Wong for his work as missionary to Taiwan and a full time teacher at CRTS in Taiwan

    $34,050 spent
    16% of program spending
  5. Support CRTS-TV, an internet TV station, programs are lectures or seminars on biblical topics

    $16,100 spent
    7% of program spending
  6. PCA General Assembly Chinese ministry, supports Chinese teaching or ruling elders or CRTS alumni to attend annual PCA GA meeting. Also, supports CRTS student Malaysia Retreat as well as North America alumni meeting.

    $7,296 spent
    3% of program spending
  7. Missionary Support for Dr. Andy McCafferty travel for CRTS alumni seminar teaching and GA meeting.

    $6,601 spent
    3% of program spending
  8. Support church planting - more than a dozen of churches have been planted since 2014

    $3,300 spent
    2% of program spending
  9. Support Reformed Press to print and translate modern and classical Christian related books and documents.

    $2,000 spent
    1% of program spending

The 9 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $217,006.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($292k) Expenses 100 ($259k) Net assets 100 ($266k)2021 Revenue 118 ($345k) Expenses 110 ($284k) Net assets 123 ($326k)2022 Revenue 141 ($411k) Expenses 192 ($499k) Net assets 90 ($239k)2023 Revenue 103 ($301k) Expenses 106 ($274k) Net assets 100 ($266k)2024 Revenue 97 ($282k) Expenses 95 ($247k) Net assets 113 ($301k)2025 Revenue 82 ($239k) Expenses 86 ($223k) Net assets 119 ($317k)
202020212022202320242025
Revenue (82)Expenses (86)Net assets (119)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $326k to $239k (−27%).

$266k
$326k
$239k
$266k
$301k
$317k
202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

100% of FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES’s revenue is contributions — more reliant on donations than three-quarters of its peers (64% for the typical peer).

This organization
Typical peer · 19,547 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 6 reported years ran a deficit.

$32k
’20
$60k
’21
−$87k
’22
$27k
’23
$35k
’24
$16k
’25
17
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Dr Guy Waters

Chair of the Board

As listed on its FY2025 Form 990.

202020212022202320242025
Listed777877
Joined·+0+1+2+0+0
No longer listed·01110
03Who funds it

Who funds it, year by year

2021 → 2023: the base held at 1 funder, grant income rose $6k → $15k.

Funder
'21
'22
'23
total
funders
1
1
1

1 of 1 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.

Funder states come from each funder’s own filing. $44k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES holds deeper cash reserves than three-quarters of the 11,634 arts & culture nonprofits its size.

Operating margin7% · above the median
Months of reserve17.1mo · top quartile
Revenue growth (annualized)−4% · bottom quartile

this organization peer median middle 50% of peers· 11,634 arts & culture nonprofits $100k–$1M, FY2025

Organizations like FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Pennsylvania

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

97% of spending goes to programs.

Program 97%Management 3%Fundraising 0%

Governance

7
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990–Audited financials

Public support

98%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES?
FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES (Pennsylvania) receives grants from 1 organization whose IRS filings report $43,800 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($43,800). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES have?
IRS filings report 1 organization giving $43,800 in grants to FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES, 1 of which have funded it in more than one year.
Who is the largest funder of FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $43,800 in grants. The full list of funders is on this page.
How can an organization like FRIENDS OF CHINESE REFORMED THEOLOGICAL SEMINARIES find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Friends of Chinese Reformed Theological Seminaries →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing