North Carolina · Nonprofit
SHEPHERDS THEOLOGICAL SEMINARY INC
SHEPHERDS THEOLOGICAL SEMINARY INC (North Carolina) receives grants from 16 organizations whose IRS filings report $1,692,146 to it, the largest being MUSEUM OF THE BIBLE ($458,975). 10 of them have funded it in more than one year.
- Revenue FY2025
- $7.6M
- Funders on record
- 16
- Grants received
- $1.7M
- Net assets
- $5.3M
What Shepherds Theological Seminary Inc does
Mission
To train men and women for ministry.
As stated on its FY2025 Form 990.
Programs
Shepherds theological seminary is an accredited graduate school providing quality academic and theological training for students desiring to serve in leadership roles at churches, non-profits, and other faith-based organizations. During the 2023-2024 academic year, sts was engaged in graduate education at three sites. At its cary, nc campus, sts provided a total of 62 courses ranging from 1 to 21 students enrolled. These courses include traditional academic courses on theology, history, philosophy, and biblical languages, theses courses, practical ministry courses, individual interships, and independent study courses. The west institute of sts, a teaching site located in laramie wy, provided a total of 17 classroom courses ranging from 5 to 23 students enrolled. Additionally, the sts teaching site in bryan, tx, provided a total of 2 courses with 6 students enrolled in each. In total, the following numbers of students participated in programs at sts: 132 graduate students (degree/credit seeking) and 34 non-degree-seeking/audit student. Sts delivered 2,044 total credit hours of instruction, of which 298 credits were taught via distance education. Sts had 8 graduates in may, 24…
$3,634,869 spentof which $218,443 as grants$1,968,801 earned by the program100% of program spendingOther
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $3,634,869.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $3.0M to $5.6M (+86%).
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.
Government-grant reliance: 2020 8% · 2021 32% · 2022 24% · 2023 15% · 2024 47% · 2025 53%. Grants only. Government contracts and fees sit inside program revenue.
72% of SHEPHERDS THEOLOGICAL SEMINARY INC’s revenue is contributions — more donation-reliant than the typical peer (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.
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.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 7 funders, grant income rose $119k → $180k.
8 of 16 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 37% 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 SHEPHERDS THEOLOGICAL SEMINARY INC’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.
How concentrated its funding is
SHEPHERDS THEOLOGICAL SEMINARY INC leans on a few funders — its largest provides 27% of grant income and the top three 75%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
66% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SHEPHERDS THEOLOGICAL SEMINARY INC.
Largest funder’s share by year: 2017 42% · 2018 50% · 2019 44% · 2020 54% · 2021 41% · 2022 39% · 2023 48% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. 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.
How long its funders stay
57% of SHEPHERDS THEOLOGICAL SEMINARY INC's funders are still giving 3 years after their first grant; 63% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
SHEPHERDS THEOLOGICAL SEMINARY INC draws 89% of its grant income from funders outside North Carolina, across 5 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $625k arriving through sponsors registered in 7 states 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.
Against its field
SHEPHERDS THEOLOGICAL SEMINARY INC runs a healthier operating margin than three-quarters of the 9,398 education nonprofits its size.
this organization peer median middle 50% of peers· 9,398 education nonprofits $1M–$10M, FY2025
Government funding SHEPHERDS THEOLOGICAL SEMINARY INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $610k on record.
- Department of Education$610k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like SHEPHERDS THEOLOGICAL SEMINARY INC
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 North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
76% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for SHEPHERDS THEOLOGICAL SEMINARY INC: 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.
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 SHEPHERDS THEOLOGICAL SEMINARY INC?
- SHEPHERDS THEOLOGICAL SEMINARY INC (North Carolina) receives grants from 16 organizations whose IRS filings report $1,692,146 to it, the largest being MUSEUM OF THE BIBLE ($458,975). 10 of them have funded it in more than one year.
- How many funders does SHEPHERDS THEOLOGICAL SEMINARY INC have?
- IRS filings report 16 organizations giving $1,692,146 in grants to SHEPHERDS THEOLOGICAL SEMINARY INC, 10 of which have funded it in more than one year.
- Who is the largest funder of SHEPHERDS THEOLOGICAL SEMINARY INC?
- MUSEUM OF THE BIBLE is the largest funder on record, with $458,975 in grants. The full list of funders is on this page.
- How can an organization like SHEPHERDS THEOLOGICAL SEMINARY INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. 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 Shepherds Theological Seminary →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 16 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