Dallas Seminary Foundation
- Assets
- $106.4m
- Revenue
- $12.7m
- Investments
- $12.7m
- Employees
- 8
- Location
- Dallas, TX
- Founding
- 04/1988
- Data as of
- 06/2024
- EIN
- 75-2188543
Organization Overview
Dallas Seminary Foundation is located in Dallas, TX. The organization was established in 1988. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2024, Dallas Seminary Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas Seminary Foundation 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 Seminary Foundation generated $12.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $11.0m during the year ending 06/2024. While expenses have increased by 7.6% per year over the past 9 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 2015, Dallas Seminary Foundation has awarded 722 individual grants totaling $81,366,560. 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
TO SUPPORT THE MISSION OF DALLAS THEOLOGICAL SEMINARY BY OFFERING CHARITABLE PLANNED GIVING AND OTHER RELATED SERVICES TO FRIENDS OF THE SEMINARY.
Describe the Organization's Program Activity:
PROVIDED ADMINISTRATION OF FUNDS GIVEN PRIMARILY FOR THE SUPPORT OF DALLAS THEOLOGICAL SEMINARY AND MINISTRIES SERVED BY ITS ALUMNI. THESE INCLUDE DONOR ADVISED FUNDS MAKING GRANTS TO DALLAS THEOLOGICAL SEMINARY AND MINISTRIES SERVED BY ITS ALUMNI, CHARITABLE TRUSTS, GIFT ANNUITIES, SCHOLARSHIPS AND DESIGNATED GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Yarbrough Director | Trustee | 1 | $0 |
Robert Riggs Director | Trustee | 1 | $0 |
Kim Till Director | Trustee | 1 | $0 |
David Tarrant Secretary | OfficerTrustee | 1 | $0 |
Scott Talbot Executive Director | OfficerTrustee | 40 | $123,427 |
Sonia Flores Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,786,237 |
| Noncash contributions included in lines 1a–1f | $3,156,673 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,786,237 |
| Total Program Service Revenue | $396,045 |
| Investment income | $1,022,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $521,930 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,726,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,901,585 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $281,464 |
| Compensation of current officers, directors, key employees. | $121,030 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $324,496 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,523 |
| Payroll taxes | $41,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,465 |
| Fees for services: Accounting | $18,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $196,530 |
| Fees for services: Other | $131,690 |
| Advertising and promotion | $0 |
| Office expenses | $20,557 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,096 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $55,119 |
| Total functional expenses | $11,024,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,619,677 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,132,369 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $143,210 |
| Investments—publicly traded securities | $83,816,405 |
| Investments—other securities | $12,663,515 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $106,375,176 |
| Accounts payable and accrued expenses | $2,539 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $33,364,138 |
| 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 | $8,398,136 |
| Total liabilities | $41,764,813 |
| Net assets without donor restrictions | $21,104,758 |
| Net assets with donor restrictions | $43,505,605 |
| 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 | $106,375,176 |
Grants Awarded
Over the last fiscal year, Dallas Seminary Foundation has awarded $9,550,515 in support to 112 organizations.
| Grant Recipient | Amount |
|---|---|
DALLAS THEOLOGICAL SEMINARY PURPOSE: General Support | $5,627,281 |
AMERICAN FAMILY ASSOCIATION PURPOSE: General Support | $18,000 |
AFRICA NEW LIFE MIN INTL PURPOSE: General Support | $11,474 |
CAL FARLEYS BOYS RANCH PURPOSE: General Support | $19,000 |
222 FOUNDATION PURPOSE: General Support | $40,000 |
CENTRAL BAPTIST CHURCH PURPOSE: General Support | $8,580 |