Shepherds Theological Seminary

The information on this page was last updated 3/29/2023. If you see errors or omissions, please email: [email protected]


A Seminary for the Local Church, in the Local Church

Contact information

Mailing address:
Shepherds Theological Seminary
6051 Tryon Road
Cary, NC 27518


Phone: (919) 573-5350

Email: [email protected]

Organization details

EIN: 200180768

CEO/President: Stephen Davey


Board size: 0

Founder: Stephen Davey

Ruling year: 2004

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2015


Our vision is to transform the way seminary is done, with a focus on scholarship, leadership, and discipleship, both in and for the local church. We are the local-church seminary with a global impact.

Mission statement

Our mission is to impact the world for Christ by equipping servant leaders for life and ministry, strategically shaping both intellect and character through biblical scholarship and personal mentoring.

Statement of faith


Donor confidence score

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Transparency grade


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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating384 of 109738 of 130
Fund acquisition rating448 of 109950 of 130
Resource allocation rating817 of 109997 of 130
Asset utilization rating115 of 109712 of 130

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Balance sheet
Receivables, inventories, prepaids$113,300$94,095$562,145$72,519$47,099
Short-term investments$0$0$0$159,665$0
Other current assets$0$0$0$0$0
Total current assets$1,260,986$1,191,863$1,383,570$601,542$490,882
Long-term investments$0$0$0$0$0
Fixed assets$287,096$283,883$233,038$234,903$243,512
Other long-term assets$86,800$86,800$85,800$85,800$0
Total long-term assets$373,896$370,683$318,838$320,703$243,512
Total assets$1,634,882$1,562,546$1,702,408$922,245$734,394
Payables and accrued expenses$496,564$571,112$965,980$531,788$425,525
Other current liabilities$22,445$27,035$313,628$36,041$44,693
Total current liabilities$519,009$598,147$1,279,608$567,829$470,218
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$62,127$42,981$30,565$11,801$0
Total long-term liabilities$62,127$42,981$30,565$66,801$60,000
Total liabilities$581,136$641,128$1,310,173$634,630$530,218
Net assets20222021202020192018
Without donor restrictions$488,889$366,612$11,585($81,891)($163,426)
With donor restrictions$564,857$554,806$380,650$369,506$367,602
Net assets$1,053,746$921,418$392,235$287,615$204,176
Revenues and expenses
Total contributions$1,971,308$2,081,190$1,727,161$1,208,334$1,212,442
Program service revenue$1,022,628$1,064,534$864,890$803,226$513,820
Membership dues$0$0$0$0$0
Investment income$0$916$0$170($41,551)
Other revenue$88,273$84,258$23,345$27,902$17,147
Total other revenue$1,110,901$1,149,708$888,235$831,298$489,416
Total revenue$3,082,209$3,230,898$2,615,396$2,039,632$1,701,858
Program services$2,298,049$2,228,632$2,031,105$1,614,383$1,353,770
Management and general$496,573$395,349$387,905$285,093$282,070
Total expenses$2,949,881$2,701,715$2,510,776$1,964,703$1,696,549
Change in net assets20222021202020192018
Surplus (deficit)$132,328$529,183$104,620$74,929$5,309
Other changes in net assets$0$0$0$0$0
Total change in net assets$132,328$529,183$104,620$74,929$5,309


Tim SiglerProvost Dean$113,300
Thomas PittmanVP of Academ$85,000
Ewart HodginsCFO$63,040
Al PotterVP of Advanc$37,937

Compensation data as of: 6/30/2022

Response from ministry

No response has been provided by this ministry.

The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/29/2023. To update the information below, please email: [email protected]


Shepherds Theological Seminary was birthed in the local church in 2003 by Stephen Davey, pastor/teacher of The Shepherd's Church (formerly called, Colonial Baptist Church) with the vision ". . . to produce a generation of servant leaders who are equipped for effective ministry within their local church, and to prepare those who will serve vocationally as pastors, teachers, global workers, educators, and ministry leaders." Over the years, Shepherds has grown from a handful of graduate students in one degree program to a vibrant accredited seminary now offering seven degrees and three diploma studies. Our graduates are serving Christ and His church in 18 countries abroad as well as 30 states here in our own country. We remain a local-church-based seminary with a passion to train the minds, impact the hearts, and prepare the hands of our students for the calling of God in their lives.

Program accomplishments

Celebrating 20 Years of Equipping Servant Leaders for Life and Ministry