Dallas Theological Seminary 
The information on this page was last updated 5/2/2022. If you see errors or omissions, please email: [email protected]
Summary
Dallas Theological Seminary is a non-denominational evangelical seminary in Dallas, Texas, with satellite campuses and regional locations throughout the United States and the world.
Contact information
Mailing address:
Dallas Theological Seminary
3909 Swiss Avenue
Dallas, TX 75204-6411
Website: dts.edu
Phone: 800-387-9673
Email: [email protected]
Organization details
EIN: 750827421
CEO/President: Dr. Mark M. Yarbrough
Chairman: Grant A. Switzer
Board size: 34
Founder: Lewis Sperry Chafer
Ruling year: 1941
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 1979
Purpose
DTS is a community of men and women of different ages, denominations, ethnicities, countries of origin, and gifting, joined together by our common faith in the triune God and our common calling to make disciples wherever we go.
Mission statement
Founded in 1924, our mission 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.
Statement of faith
https://www.dts.edu/about/doctrinal-statement/
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Colleges/Universities
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 965 of 1022 | 112 of 118 |
| Fund acquisition rating | | 852 of 1025 | 104 of 118 |
| Resource allocation rating | | 988 of 1025 | 114 of 118 |
| Asset utilization rating | | 682 of 1022 | 81 of 118 |
Financial ratios
| Funding ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 12% | 16% | 13% | 15% | 20% | 18% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 7% | 7% | 7% | 8% | 7% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 14% | 43% | 51% | 46% | 39% | 40% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 7% | 8% | 8% | 8% | 8% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 86% | 57% | 49% | 54% | 61% | 60% |
| Operating ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 64% | 63% | 62% | 63% | 66% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 94% | 85% | 85% | 95% | 97% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 60% | 54% | 53% | 60% | 64% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | 6% | 15% | 15% | 5% | 3% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | 3% | 10% | 10% | 3% | 2% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 13% | 29% | 29% | 30% | 29% | 27% |
| Investing ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.49 | 0.34 | 0.37 | 0.37 | 0.38 | 0.38 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.68 | 2.13 | 1.95 | 2.06 | 2.16 | 2.35 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.55 | 0.72 | 0.71 | 0.76 | 0.81 | 0.89 |
| Liquidity ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 7.24 | 8.27 | 6.74 | 7.78 | 8.04 | 6.24 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.14 | 0.12 | 0.15 | 0.13 | 0.12 | 0.16 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.21 | 14.72 | 14.33 | 13.80 | 12.97 | 11.26 |
| Solvency ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 25% | 28% | 37% | 35% | 37% | 40% |
Debt ratio Debt ratio = Debt / Total assets | 15% | 9% | 10% | 12% | 13% | 14% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 142% | 213% | 172% | 176% | 168% | 157% |
Financials
| Balance sheet | |||||
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cash | $18,404,937 | $23,489,185 | $15,294,558 | $10,304,212 | $8,289,661 |
| Receivables, inventories, prepaids | $7,739,796 | $8,938,928 | $9,068,556 | $9,300,389 | $10,487,691 |
| Short-term investments | $35,586,704 | $30,630,234 | $29,824,508 | $29,018,442 | $25,055,304 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $61,731,437 | $63,058,347 | $54,187,622 | $48,623,043 | $43,832,656 |
| Long-term investments | $6,021,381 | $4,783,650 | $4,786,459 | $4,664,490 | $5,812,400 |
| Fixed assets | $62,231,552 | $53,224,193 | $52,264,639 | $51,009,335 | $52,663,862 |
| Other long-term assets | $1,717,829 | $1,915,130 | $515,290 | $516,158 | $515,145 |
| Total long-term assets | $69,970,762 | $59,922,973 | $57,566,388 | $56,189,983 | $58,991,407 |
| Total assets | $131,702,199 | $122,981,320 | $111,754,010 | $104,813,026 | $102,824,063 |
| Liabilities | 2021 | 2020 | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $4,783,556 | $6,740,898 | $4,403,221 | $3,556,818 | $4,622,139 |
| Other current liabilities | $2,680,404 | $2,610,457 | $2,557,386 | $2,494,084 | $2,407,357 |
| Total current liabilities | $7,463,960 | $9,351,355 | $6,960,607 | $6,050,902 | $7,029,496 |
| Debt | $11,752,025 | $12,536,236 | $13,285,258 | $14,014,768 | $14,691,596 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $18,283,439 | $23,887,995 | $19,042,930 | $18,587,849 | $19,605,757 |
| Total long-term liabilities | $30,035,464 | $36,424,231 | $32,328,188 | $32,602,617 | $34,297,353 |
| Total liabilities | $37,499,424 | $45,775,586 | $39,288,795 | $38,653,519 | $41,326,849 |
| Net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Without donor restrictions | $52,143,844 | $32,028,287 | $32,384,560 | $33,918,525 | $31,333,779 |
| With donor restrictions | $42,058,931 | $45,177,447 | $40,080,655 | $32,240,982 | $30,163,435 |
| Net assets | $94,202,775 | $77,205,734 | $72,465,215 | $66,159,507 | $61,497,214 |
| Revenues and expenses | |||||
| Revenue | 2021 | 2020 | 2019 | 2018 | 2017 |
| Total contributions | $20,140,975 | $26,982,837 | $22,232,501 | $16,023,956 | $16,224,341 |
| Program service revenue | $25,546,985 | $24,604,533 | $24,448,560 | $23,789,019 | $23,136,764 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $954,695 | $1,065,736 | $1,240,851 | $1,138,277 | $1,166,217 |
| Other revenue | $288,923 | ($22,656) | $490,048 | $596,947 | ($73,951) |
| Total other revenue | $26,790,603 | $25,647,613 | $26,179,459 | $25,524,243 | $24,229,030 |
| Total revenue | $46,931,578 | $52,630,450 | $48,411,960 | $41,548,199 | $40,453,371 |
| Expenses | 2021 | 2020 | 2019 | 2018 | 2017 |
| Program services | $28,179,508 | $28,212,000 | $25,538,838 | $24,869,022 | $25,816,210 |
| Management and general | $12,907,391 | $13,202,131 | $12,185,731 | $11,272,295 | $10,430,767 |
| Fundraising | $3,162,481 | $3,550,383 | $3,356,813 | $3,252,675 | $2,969,093 |
| Total expenses | $44,249,380 | $44,964,514 | $41,081,382 | $39,393,992 | $39,216,070 |
| Change in net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Surplus (deficit) | $2,682,198 | $7,665,936 | $7,330,578 | $2,154,207 | $1,237,301 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $2,682,198 | $7,665,936 | $7,330,578 | $2,154,207 | $1,237,301 |
Compensation
| Name | Title | Compensation |
| Mark Bailey | Former President | $586,818 |
| Mark Yarbrough | President | $287,666 |
| Dale Larson | TreasurerVP Finance | $187,776 |
| Glenn Kreider | Professor | $187,035 |
| Robert Riggs | SecretaryVP Operations | $186,570 |
| Kim Till | VP Development | $169,073 |
| Greg Hatteburg | Dean AlumniEnrollment Svc | $158,814 |
| Ron Allen | Professor | $157,612 |
| Drew Williams | Director of Housing | $146,966 |
| Anthony Evans | Board member | $500 |
| Brian Fisher | Regent | $500 |
Compensation data as of: 6/30/2021
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 5/2/2022. To update the information below, please email: [email protected]
History
In the fall of 1924 the first student body of Dallas Theological Seminary met to study under the noted Bible teacher, Dr. Lewis Sperry Chafer. This class of thirteen students was the result of Dr. Chafer's burden and vision to found a seminary that would emphasize expository preaching and teaching of the Scriptures.
In 1935 the seminary pioneered the four-year Master of Theology (ThM) degree, which is a year longer than the three-year Master of Divinity (MDiv) offered at most other seminaries. The ThM gives all the essential theological courses offered in a three-year curriculum with additional emphasis in systematic theology, Hebrew and Old Testament exegesis, Greek and New Testament exegesis, and Bible exposition.
In 1974 the seminary instituted the two-year Master of Arts (MA) program in Biblical Studies for students whose ministries would not require the in-depth language training of the ThM program (name changed to Master of Arts [Christian Studies] MACS in 2015). The Doctor of Ministry (DMin) degree began in 1980 to provide further pastoral training for seminary graduates to meet the changing demands of ministry. In 1982 the seminary began the MA in Christian Education so students could receive specialized training for Christian ministries. In 1987 the MA program in Cross-cultural Ministries was inaugurated to give specialized missions training.
In 1993 the seminary launched a three-year MA in Biblical Counseling (MABC) degree program and a two-year MA in Biblical Exegesis and Linguistics (MABEL) degree program. The latter program is offered jointly with the Dallas International University located in south Dallas. In 2005 the seminary launched the MA in Media and Communication (MAMC) degree program for those interested in employing the media arts in ministry (name changed to Master of Arts in Media Arts and Worship in 2013). In 2011 the seminary began offering the Master of Arts in Christian Leadership (MACL) degree program. The Master of Biblical and Theological Studies (MBTS) program and the academic Master of Arts degree with majors in Old Testament Studies, New Testament Studies, and Theological Studies began in 2015. Throughout the seminary's history it has steadfastly maintained its allegiance to biblical truth. A doctrinal statement articulates the beliefs of DTS, and each year the faculty and members of the boards reaffirm their agreement with this statement.