Dallas Theological Seminary is located in Dallas, TX. The organization was established in 1941. 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 06/2022, Dallas Theological Seminary employed 619 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas 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, Dallas Theological Seminary generated $46.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $44.2m during the year ending 06/2021. While expenses have increased by 1.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF DALLAS THEOLOGICAL SEMINARY IS TO GLORIFY GOD BY EQUIPPING GODLY SERVANT-LEADERS FOR THE PROCLAMATION OF HIS WORD AND THE BUILDING UP OF THE BODY OF CHRIST WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: DALLAS THEOLOGICAL SEMINARY (DTS) OFFERS A VARIETY OF GRADUATE ACADEMIC PROGRAMS FROM ITS MAIN CAMPUS IN DALLAS, TX AND ITS EXTENSION SITES IN AUSTIN, HOUSTON, AND SAN ANTONIO, TEXAS; ATLANTA, GEORGIA; NASHVILLE, TN AND BURKE, VIRGINIA. ONLINE COURSES ARE ALSO OFFERED. DTS IS NONDENOMINATIONAL AND SEEKS TO SERVE THOSE OF LIKE BIBLICAL FAITH IN EVANGELICAL PROTESTANTISM. DTS HAS OVER 15,000 ALUMNI SERVING IN 105 COUNTRIES. FALL 2021 ENROLLMENT CONSISTED OF 2,613 STUDENTS, WITH 14,802 TOTAL CLASS HOURS TAKEN THAT TERM.
STUDENT SERVICES: THE MISSION OF STUDENT SERVICES IS TO ENSURE THAT EVERY STUDENT HAS THE OPPORTUNITY TO DEVELOP AS A GODLY SERVANT-LEADER THROUGH HIS OR HER SOCIAL, CULTURAL, SPIRITUAL, PHYSICAL, AND EMOTIONAL LIFE. WE PROVIDE ADVISEMENT, PROGRAMMING, AND SERVICES TO ENRICH COMMUNITY, FAMILY LIFE, PERSONAL INTERACTION, SOCIAL DEVELOPMENT, CULTURAL AWARENESS, PHYSICAL DEVELOPMENT AND CAMPUS DIVERSITY. THE ADMISSIONS DEPARTMENT WORKS TO RECRUIT AND THEN EQUIP ENTERING STUDENTS WITH THE RESOURCES NEEDED TO HAVE A SUCCESSFUL GRADUATE-STUDIES EXPERIENCE. THE REGISTRAR AND COUNSELING OFFICES PROVIDE ADVISING, COUNSELING AND TESTING SERVICES TO FACILITATE PERSONAL, FAMILY AND PROFESSIONAL DEVELOPMENT. THE CHAPLAINS OFFICE ENCOURAGES CAMPUS COMMUNITY LIFE, WORSHIP, AND SPIRITUAL DEVELOPMENT THROUGH CHAPEL PROGRAMMING. THE DEAN OF STUDENTS OFFICE PROVIDES OPPORTUNITIES FOR STUDENT PARTICIPATION IN DECISION-MAKING AND LEADERSHIP DEVELOPMENT THROUGH STUDENT GROUPS.
PUBLIC SERVICE: HENDRICKS CENTER FOR CHRISTIAN LEADERSHIP AND CULTURAL ENGAGEMENT PURSUES THE DEVELOPMENT OF EFFECTIVE CHRISTIAN LEADERSHIP IN ORDER TO BUILD LEADERS OF INTEGRITY AND IMPACT. ACADEMIC SUPPORT: THE LIBRARY HOLDS OVER 423,000 ITEMS, PROVIDES ACCESS TO ELECTRONIC RESOURCES AND HAS SPECIAL RARE VOLUMES. THE MEDIA AND COMPUTER LAB ALLOWS STUDENTS TO USE COMPUTER EQUIPMENT, AUDIO AND VIDEO MEDIA.
AUXILIARY: AUXILIARY ENTERPRISES CONSIST OF A STUDENT BOOKSTORE, TWO STUDENT APARTMENT BUILDINGS, AND A THEOLOGICAL JOURNAL. MITCHELL MINISTRY CENTER HOUSES STUDENT SUPPORT ACTIVITES AND THE BOOKSTORE. SWINDOLL TOWER RESIDENCE HALL HAS 158 APARTMENTS FOR MARRIED STUDENTS WITH FAMILIES AND INCLUDES A FIRESIDE CHAT ROOM, PLAYROOM, AND COURTYARD WITH A POOL. WASHINGTON HALL, THE SINGLE-STUDENT APARTMENT BUILDING, CONTAINS 158 BEDROOMS IN ONE AND TWO BEDROOM APARTMENTS. ITS AMENITIES INCLUDE A STUDENT RESEARCH LIBRARY THAT IS AN EXTENSION OF TURPIN LIBRARY, CONFERENCE ROOMS, 2 MUSIC PRACTICE ROOMS, 2 MEDIA ROOMS, A MULTIPURPOSE ROOM/GYM, AND A POOL. BIBLIOTHECA SACRA, A THEOLOGICAL QUARTERLY, IN CONTINUOUS PUBLICATION SINCE 1843, HAS BEEN PUBLISHED BY DTS SINCE 1934. BIBLIOTHECA SACRA DOES NOT INCLUDE ANY ADVERTISING OR ENDORSEMENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Yarbrough President | OfficerTrustee | 40 | $199,180 |
Dale Larson Sr Advisor Finance & Account | Officer | 30 | $171,640 |
George Hillman VP Education | Officer | 40 | $164,551 |
Kim Till Sr VP Development | Officer | 40 | $159,240 |
Glenn Kreider Professor | 40 | $152,409 | |
Robert Riggs Sr VP Operations | Officer | 40 | $135,415 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Hill Wilkenson Construction | 6/29/21 | $6,946,933 |
Donor Direct Fundraising | 6/29/21 | $166,638 |
Gff Inc Construction | 6/29/21 | $150,144 |
Mercer Investments Llc Investment Advisor | 6/29/21 | $132,170 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $20,140,975 |
Investment income | $554,126 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $89,861 |
Net Rental Income | $809 |
Net Gain/Loss on Asset Sales | $400,569 |
Net Income from Fundraising Events | -$15,074 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $50,883 |
Miscellaneous Revenue | $0 |
Total Revenue | $46,931,578 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $5,304,972 |
Grants and other assistance to Foreign Orgs/Individuals | $688,424 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $589,879 |
Compensation to disqualified persons | $533,110 |
Other salaries and wages | $17,542,947 |
Pension plan accruals and contributions | $3,046,929 |
Other employee benefits | $3,118,094 |
Payroll taxes | $946,902 |
Fees for services: Management | $0 |
Fees for services: Legal | $111,082 |
Fees for services: Accounting | $53,750 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $162,000 |
Fees for services: Investment Management | $40,630 |
Fees for services: Other | $1,042,151 |
Advertising and promotion | $780,225 |
Office expenses | $655,881 |
Information technology | $1,611,234 |
Royalties | $6,075 |
Occupancy | $2,444,672 |
Travel | $390,683 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $410,170 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,283,924 |
Insurance | $200,451 |
All other expenses | $0 |
Total functional expenses | $44,249,380 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $76,974 |
Savings and temporary cash investments | $18,327,963 |
Pledges and grants receivable | $835,409 |
Accounts receivable, net | $1,330,591 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $4,019,950 |
Prepaid expenses and deferred charges | $1,553,846 |
Investments—publicly traded securities | $35,586,704 |
Investments—other securities | $6,021,381 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,717,829 |
Total assets | $131,702,199 |
Accounts payable and accrued expenses | $4,783,556 |
Grants payable | $0 |
Deferred revenue | $2,680,404 |
Tax-exempt bond liabilities | $11,752,025 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $18,283,439 |
Total liabilities | $37,499,424 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $94,202,775 |
Over the last fiscal year, Dallas Theological Seminary has awarded $52,579 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
New York, NY PURPOSE: Staff Support | $30,000 |
Chicago, IL PURPOSE: Online Teacher preparation fund | $22,579 |
Over the last fiscal year, we have identified 5 grants that Dallas Theological Seminary has recieved totaling $35,144.
Awarding Organization | Amount |
---|---|
Champion For Christ Foundation Inc Greenville, SC PURPOSE: TO SUPPORT THE COST AND EXPENSES OF HIGHER LEARNING | $15,200 |
Howard T Hirschy Foundation Ocala, FL PURPOSE: EDUCATION | $11,476 |
Pearl C Unger Unitrust 16815 Nect Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $3,968 |
Robert J And Elizabeth A Symon Family Foundation Dallas, TX PURPOSE: CHRISTIAN SEMINARY | $2,500 |
Light Foundation Inc Denton, TX PURPOSE: GENERAL | $2,000 |
Beg. Balance | $65,520,168 |
Earnings | -$7,017,870 |
Admin Expense | $312,832 |
Net Contributions | $6,676,778 |
Other Expense | $271,816 |
Grants | $2,569,110 |
Ending Balance | $62,025,318 |
Organization Name | Assets | Revenue |
---|---|---|
Parker University Dallas, TX | $134,020,772 | $70,650,236 |
Dallas Theological Seminary Dallas, TX | $131,702,199 | $46,931,578 |
South Texas College Of Law Houston Inc Houston, TX | $112,553,219 | $46,352,158 |
Baptist Community Ministries New Orleans, LA | $0 | $15,001,748 |
Brite Divinity School Fort Worth, TX | $131,791,900 | $16,856,485 |
Dallas Seminary Foundation Vision Fund Dallas, TX | $4,584,823 | $10,722,757 |
Grace School Of Theology The Woodlands, TX | $1,343,724 | $6,038,036 |
Rio Grande Bible Institute Inc Edinburg, TX | $14,715,494 | $6,700,846 |
Robert O Anderson School And Graduate School Of Management Foun Albuquerque, NM | $0 | $273,602 |
Academy For The Love Of Learning Inc Santa Fe, NM | $22,846,093 | $2,334,127 |
Ayurvedic Institute Albuquerque, NM | $4,339,366 | $2,514,881 |
Dallas International University Dallas, TX | $5,420,803 | $2,599,528 |