Public Charity

GRACE EVANGELICAL COLLEGE & SEMINARY

GRACE EVANGELICAL COLLEGE & SEMINARY, of BANGOR, ME, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $225K in revenue, $391K in expenses, $480K in total assets.

EIN: 010543513 BANGOR, ME Higher Education NTEE: B40 Latest filing: 2025
Total Revenue$225K
Total Expenses$391K
Total Assets$480K
Grant Records0
Filing Years2021–2025

Mission

TO EDUCATE, EQUIP AND PROVIDE SERVANT LEADERS FOR THE BODY OF CHRIST TO FULFILL THE GREAT COMMISSION.

Where $100 goes at Grace Evangelical College & Seminary

How Grace Evangelical College & Seminary divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$70 Programs the work itself
$20 Management running the organization
$10 Fundraising raising the next dollar

Inside the $70 for programs

$70
To administer christian post-secondary education
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

TRUSTEE Bob Berry
TRUSTEE Duska Thurston
DIRECTOR James Culbertson
TRUSTEE Mark Kamen
CHAIR Molly Sparling
TRUSTEE Phil Camill

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $225K $391K $480K
2024 $137K $304K $639K
2023 $400K $215K $735K
2022 $256K $229K $522K
2021 $183K $206K $616K

Between 2021 and 2025, reported annual revenue grew from $183K to $225K (+23%), with total assets most recently reported at $480K.

Interactive year-over-year charts and full filing details available with membership.

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