Westminster Theological Seminary

Organization Overview

Westminster Theological Seminary is located in Glenside, PA. The organization was established in 1989. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, Westminster Theological Seminary employed 269 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westminster Theological Seminary is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Westminster Theological Seminary generated $28.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $22.3m during the year ending 06/2021. While expenses have increased by 8.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FORM CHRISTIAN LEADERS TO PROCLAIM THE WHOLE COUNSEL OF GOD THROUGHOUT A CHANGING WORLD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

POSTGRADUATE ACADEMIC PROGRAMSWESTMINSTER EXISTS TO TRAIN SPECIALISTS IN THE BIBLE TO PROCLAIM THE WHOLE COUNSEL OF GOD FOR CHRIST AND HIS GLOBAL CHURCH. IT IS OUR INTENTION TO CONTRIBUTE TO THE TRAINING AND SPIRITUAL FORMATION OF ALL OF OUR STUDENTS IN THE VARIOUS DEGREE PROGRAMS. WE CURRENTLY OFFER PROGRAMS LEADING TO THE MASTER OF DIVINITY (MDIV), MASTER OF ARTS IN RELIGION (MAR), MASTER OF ARTS IN COUNSELING (MAC), MASTER OF ARTS IN THEOLOGICAL STUDIES (MATS), MASTER OF THEOLOGY (THM), DOCTOR OF MINISTRY (DMIN), DOCTOR OF PHILOSOPHY (PHD), AND A CERTIFICATE IN CHRISTIAN STUDIES (CERT).FALL 2020 ENROLLMENT WAS 850 STUDENTS WITH 245 ENROLLED IN THE MDIV PROGRAM; 45 IN THE MAR; 272 IN THE MAC; 91 IN THE MATS, 41 IN THE THM; 50 IN THE PHD; 104 IN THE DMIN; AND 2 IN OTHERS. SPRING 2021 ENROLLMENT WAS 898 STUDENTS, WITH 248 IN THE MDIV PROGRAM; 55 IN THE MAR; 284 IN THE MAC; 112 IN THE MATS; 42 IN THE THM; 50 IN THE PHD; 103 IN THE DMIN; AND 4 IN OTHERS.


ONLINE LEARNING:ONLINE LEARNING PROVIDES MULTIPLE DEGREE PROGRAMS ONLINE TO TRAIN LEADERS IN MINISTRY ANYWHERE IN THE WORLD IN THEIR LOCAL MINISTRY CONTEXTS. IN ADDITION TO MASTER OF ARTS IN COUNSELING AND A MASTER OF ARTS IN CHRISTIAN STUDIES, WE HAVE STARTED OFFERING THE MASTER OF DIVINITY (MDIV) AND MASTER OF ARTS IN RELIGION (MAR) ONLINE. AS A RESULT WE NOW HAVE NEARLY 820 STUDENTS ENROLLED ONLINE.


WTSBOOKS.COMWESTMINSTER BOOKSTORE IS THE CAMPUS BOOKSTORE FOR WESTMINSTER THEOLOGICAL SEMINARY. WE EXIST TO SERVE THE KINGDOM OF GOD BY SERVING BOTH THE WESTMINSTER THEOLOGICAL SEMINARY COMMUNITY THROUGH THE DISTRIBUTION OF HIGH QUALITY, BIBLICALLY FAITHFUL, REFORMED BOOKS AND RESOURCES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Delran
Construction Services
$3,034,273
Christian Counseling & Educational Fdn
Teaching Fees
$953,214
The Center
Consulting Services
$250,000
Openbook Communications
Capital Campaign Assistance
$403,970
Teamlogic It
It Services
$238,058
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$63,488
Government grants $382,640
All other contributions, gifts, grants, and similar amounts not included above$14,412,477
Noncash contributions included in lines 1a–1f $389,169
Total Revenue from Contributions, Gifts, Grants & Similar$14,858,605
Total Program Service Revenue$12,934,149
Investment income $140,727
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $75,922
Net Gain/Loss on Asset Sales $655,343
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $28,664,746

Grants Recieved

Over the last fiscal year, we have identified 21 grants that Westminster Theological Seminary has recieved totaling $9,004,214.

Awarding OrganizationAmount
$5,438,975
Servant Foundation

Overland Park, KS

PURPOSE: EDUCATION

$2,997,756
Faithful Servants Foundation

Yorba Linda, CA

PURPOSE: EDUCATIONAL ASSISTANCE

$130,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: RELIGION RELATED

$122,850
Pete M Hanna Charitable Foundation

Hoover, AL

PURPOSE: SUPPORT OF PROGRAMS

$100,000
Ii Corinthians 9 7 Foundation 12021243

Powell, WY

PURPOSE: UNRESTRICTED GIFT

$68,132
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,036,869
Earnings$1,657,368
Admin Expense$47,676
Net Contributions$1,876,955
Other Expense$339,384
Ending Balance$12,184,132

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