Nonprofit · EIN 84-1978807
COVENANT BAPTIST THEOLOGICAL SEMINARY
Tax-exempt · OWENSBORO, KY 42303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,512,533 | $1,441,143 | $71,390 | $836,005 | $17,073 | $818,932 |
| December 31, 2024 | 990 | $1,323,815 | $1,212,445 | $111,370 | $742,124 | $11,487 | $730,637 |
| December 31, 2023 | 990 | $1,004,739 | $929,807 | $74,932 | $635,339 | $16,077 | $619,262 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $810,472
- Program service revenue
- $673,246
- Investment income
- $28,815
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $97,727
- Compensation of officers, directors and key employees
- $291,682
- Other salaries and wages
- $398,094
- Salaries, compensation and benefits (total)
- $724,451
- Professional fundraising fees
- $0
- Legal fees
- $235
- Accounting fees
- $40,494
- Occupancy
- $4,328
- Travel
- $51,364
- Depreciation
- $5,633
- Program services (functional)
- $1,253,988
- Management and general (functional)
- $131,863
- Fundraising (functional)
- $55,292
Balance sheet and other
- Total assets, start of year
- $759,022
- Total assets, end of year
- $836,005
- Total liabilities, end of year
- $17,073
- Net assets, end of year
- $818,932
- Land, buildings and equipment
- $26,008
- Publicly traded securities
- $55,352
- Net assets without donor restrictions
- $677,653
- Net assets with donor restrictions
- $141,279
- Gross receipts
- $1,512,533
- Employees
- 14
- Year formed
- 2019
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMUEL E WALDRON | President Officer | 40 | $92,599 |
| LINDSAY B BIGHAM JR | Treasurer Officer | 40 | $91,077 |
| JOHN MILLER | Vice President Officer | 20 | $20,360 |
| LEE MCKINNON | Director Trustee or director | 0 | $9,415 |
| MIKE WATERS | Director Trustee or director | 0 | $2,180 |
| TOM HICKS | Director Trustee or director | 0 | $1,805 |
| BEN CARLSON | Board Secretary Trustee or director | 0 | $1,455 |
| JIM SAVASTIO | Director Trustee or director | 0 | $1,200 |
| RON MILLER | Chairman Trustee or director | 0 | $1,200 |
| FRED MALONE | Director Trustee or director | 0 | $0 |
| JON HUENI | Director Trustee or director | 0 | $0 |
| DANIEL WOLFORD | Director Trustee or director | 0 | $0 |
| MICHAEL VILLA | Director Trustee or director | 0 | $0 |
| EDUARDO F RIVERA | Director Trustee or director | 0 | $0 |
| JUSTIN MILLER | Director Trustee or director | 0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES SMITH | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMUEL E WALDRON | President Officer | 40 | $86,380 |
| REXFORD SEMRAD | Secretary Officer | 40 | $85,480 |
| LINDSAY B BIGHAM JR | Treasurer Officer | 40 | $79,200 |
| JOHN MILLER | Vice President Officer | 20 | $25,100 |
| LEE MCKINNON | Director Trustee or director | 0 | $10,205 |
| BEN CARLSON | Board Secretary Trustee or director | 0 | $3,060 |
| MIKE WATERS | Director Trustee or director | 0 | $1,995 |
| JIM SAVASTIO | Director Trustee or director | 0 | $1,300 |
| RON MILLER | Chairman Trustee or director | 0 | $1,300 |
| TOM HICKS | Director Trustee or director | 0 | $1,000 |
| FRED MALONE | Director Trustee or director | 0 | $0 |
| JON HUENI | Director Trustee or director | 0 | $0 |
| DANIEL WOLFORD | Director Trustee or director | 0 | $0 |
| MICHAEL VILLA | Director Trustee or director | 0 | $0 |
| EDUARDO F RIVERA | Director Trustee or director | 0 | $0 |
| JUSTIN MILLER | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMUEL E WALDRON | President Officer | 40 | $82,500 |
| REXFORD SEMRAD | Secretary Officer | 40 | $79,685 |
| LINDSAY B BIGHAM | Treasurer Officer | 40 | $63,045 |
| JOHN MILLER | Vice President Officer | 10 | $15,000 |
| JON ENGLISH LEE | Director Trustee or director | 10 | $3,660 |
| FRED MALONE | Director Trustee or director | – | $2,400 |
| BEN CARLSON | Director Trustee or director | – | $1,825 |
| MIKE WATERS | Director Trustee or director | – | $1,205 |
| JIM SAVASTIO | Director Trustee or director | – | $1,000 |
| TOM HICKS | Director Trustee or director | – | $600 |
| RON MILLER | Director Trustee or director | – | $0 |
| JON HUENI | Director Trustee or director | – | $0 |
| LEE MCKINNON | Director Trustee or director | – | $0 |
| DANIEL WOLFORD | Director Trustee or director | – | $0 |
| MICHAEL VILLA | Director Trustee or director | – | $0 |
| EDUARDO F RIVERA | Director Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 800 CHUCK GRAY CT, OWENSBORO, KY 42303-7362
- In care of
- % LINDSAY B BIGHAM
- Principal officer (990 for 2025)
- Samuel Waldron, 800 Chuck Gray Ct, Owensboro, KY 42303
- Signed the 990
- LINDSAY B BIGHAM, Treasurer
- Phone
- (270) 925-6992
- Website
- cbtseminary.org
- Return prepared by
- Wright CPA PLLC
Mission
See Schedule O.
Program accomplishments
- In 2025, CBTS students completed 1,143 classes (2,853 credits). 34 students graduated in 2025. 476 students are enrolled and taking classes. Students from 49 countries in 7 world regions are taking classes and received finanical aid in the form of reduced tuition and fees.Expenses $1,262,678 · grants $97,307 · revenue $673,816
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-1978807
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B50)
- Assets (IRS master file)
- $836,005
- Income (IRS master file)
- $1,512,533
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,512,533 | $1,441,143 | $836,005 | IRS |
| 990 | December 2024 | $1,323,815 | $1,212,445 | $742,124 | IRS |
| 990 | December 2023 | $1,004,739 | $929,807 | $635,339 | XML |
| 990 | December 2022 | $1,062,168 | $833,481 | $573,906 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-1978807).
Questions about COVENANT BAPTIST THEOLOGICAL SEMINARY
- What is the EIN of COVENANT BAPTIST THEOLOGICAL SEMINARY?
- The employer identification number (EIN) of COVENANT BAPTIST THEOLOGICAL SEMINARY is 84-1978807.
- Is COVENANT BAPTIST THEOLOGICAL SEMINARY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to COVENANT BAPTIST THEOLOGICAL SEMINARY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COVENANT BAPTIST THEOLOGICAL SEMINARY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COVENANT BAPTIST THEOLOGICAL SEMINARY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COVENANT BAPTIST THEOLOGICAL SEMINARY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of COVENANT BAPTIST THEOLOGICAL SEMINARY?
- The 990 for the year ended December 31, 2025 names Samuel Waldron.
- Who are the officers and directors of COVENANT BAPTIST THEOLOGICAL SEMINARY?
- The 990 for the year ended December 31, 2025 lists 16 people; 9 received compensation from the organization, the highest $92,599 (SAMUEL E WALDRON, President).
- How much revenue does COVENANT BAPTIST THEOLOGICAL SEMINARY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,512,533, expenses of $1,441,143 and total assets of $836,005 at year end.
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