Dallas Theological Seminary
- Assets
- $155.6m
- Revenue
- $67.2m
- Investments
- $6.6m
- Employees
- 654
- Location
- Dallas, TX
- Founding
- 11/1941
- Data as of
- 06/2024
- EIN
- 75-0827421
Organization Overview
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 06/2024, Dallas Theological Seminary employed 654 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 06/2024, Dallas Theological Seminary generated $67.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $59.1m during the year ending 06/2024. While expenses have increased by 5.3% per year over the past 8 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.
Since 2019, Dallas Theological Seminary has awarded 16 individual grants totaling $451,866. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
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:
INSTRUCTION: DALLAS THEOLOGICAL SEMINARY (DTS) OFFERS A VARIETY OF GRADUATE ACADEMIC PROGRAMS FROM ITS MAIN CAMPUS IN DALLAS, TX AND ITS VARIOUS EXTENSION SITES. 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 2023 ENROLLMENT CONSISTED OF 2,650 STUDENTS, WITH 14,782 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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Yarbrough President | OfficerTrustee | 40 | $301,765 |
Robert Riggs Sr VP Operations | Officer | 40 | $120,086 |
George Hillman VP Education | Officer | 40 | $194,679 |
Josh Winn VP Communications And Communi | Officer | 40 | $176,422 |
Glenn Kreider Professor | 40 | $158,621 | |
Kim Till Sr VP Development | Officer | 40 | $182,464 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hill Wilkinson Construction Group Building Construct | 6/29/24 | $6,345,348 |
Gff Inc Building Construct | 6/29/24 | $860,831 |
Museum Arts Inc Design Consulting | 6/29/24 | $798,949 |
Future City Now Consulting | 6/29/24 | $545,023 |
Todd Dexter Associates Llc Fundr Consultant | 6/29/24 | $279,104 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,212,880 |
| Related organizations | $5,627,281 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,226,644 |
| Noncash contributions included in lines 1a–1f | $79,341 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,066,805 |
| Total Program Service Revenue | $28,037,916 |
| Investment income | $1,479,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $115,435 |
| Net Rental Income | $40,184 |
| Net Gain/Loss on Asset Sales | $5,324 |
| Net Income from Fundraising Events | $14,372 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,009 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,171,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $127,747 |
| Grants and other assistance to domestic individuals. | $6,106,338 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,469,449 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,713,354 |
| Compensation of current officers, directors, key employees. | $1,007,512 |
| Compensation to disqualified persons | $124,597 |
| Other salaries and wages | $22,932,848 |
| Pension plan accruals and contributions | $1,611,349 |
| Other employee benefits | $3,645,009 |
| Payroll taxes | $1,300,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $151,216 |
| Fees for services: Accounting | $73,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $492,604 |
| Fees for services: Investment Management | $34,552 |
| Fees for services: Other | $3,887,870 |
| Advertising and promotion | $850,456 |
| Office expenses | $1,069,908 |
| Information technology | $1,755,552 |
| Royalties | $0 |
| Occupancy | $3,018,321 |
| Travel | $1,579,634 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,171,539 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,826,172 |
| Insurance | $348,926 |
| All other expenses | $165,072 |
| Total functional expenses | $59,141,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,299 |
| Savings and temporary cash investments | $20,127,471 |
| Pledges and grants receivable | $200,519 |
| Accounts receivable, net | $2,073,599 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,340,629 |
| Prepaid expenses and deferred charges | $1,608,252 |
| Net Land, buildings, and equipment | $76,660,235 |
| Investments—publicly traded securities | $39,165,197 |
| Investments—other securities | $6,568,069 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,831,692 |
| Total assets | $155,585,962 |
| Accounts payable and accrued expenses | $6,891,574 |
| Grants payable | $0 |
| Deferred revenue | $3,977,970 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,813,478 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,939,025 |
| Total liabilities | $23,622,047 |
| Net assets without donor restrictions | $76,346,230 |
| Net assets with donor restrictions | $55,617,685 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $155,585,962 |
Grants Awarded
Over the last fiscal year, Dallas Theological Seminary has awarded $94,287 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHOSEN PEOPLE MINISTRIES PURPOSE: Staff Support | $27,500 |
CENTER FOR WOMEN IN LEADERSHIP PURPOSE: General Support | $15,070 |
INSPIRE WOMEN PURPOSE: General Support | $20,000 |
WORLDVENTURE PURPOSE: General Support | $7,145 |
FEED MY STARVING CHILDREN PURPOSE: General Support | $10,000 |
EVANGELICAL PRESS ASSOC PURPOSE: General Support | $6,950 |