Dallas Theological Seminary

The information on this page was last updated 3/16/2023. 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

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

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating991 of 1110122 of 129
Fund acquisition rating936 of 1111114 of 129
Resource allocation rating954 of 1111103 of 129
Asset utilization rating655 of 111089 of 129

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%14%15%16%13%15%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%8%8%7%7%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
20%56%51%43%51%46%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%10%9%7%8%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
80%44%49%57%49%54%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%72%73%64%63%62%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%78%87%94%85%85%
Program output ratio Program output ratio =
Program services /
Total revenue
80%57%64%60%54%53%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%22%13%6%15%15%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%12%7%3%10%10%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%18%18%29%29%30%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.360.380.340.370.37
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.692.022.122.131.952.06
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.440.730.800.720.710.76
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.238.237.588.276.747.78
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.120.130.120.150.13
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.2914.5013.0114.7214.3313.80
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%19%24%28%37%35%
Debt ratio Debt ratio =
Debt /
Total assets
11%5%7%9%10%12%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
151%227%200%213%172%176%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$25,953,844$20,873,344$18,404,937$23,489,185$15,294,558
Receivables, inventories, prepaids$12,523,152$10,602,579$7,739,796$8,938,928$9,068,556
Short-term investments$33,447,070$29,870,068$35,586,704$30,630,234$29,824,508
Other current assets$0$0$0$0$0
Total current assets$71,924,066$61,345,991$61,731,437$63,058,347$54,187,622
Long-term investments$6,718,035$6,392,575$6,021,381$4,783,650$4,786,459
Fixed assets$63,838,869$60,053,953$62,231,552$53,224,193$52,264,639
Other long-term assets$3,060,444$2,326,388$1,717,829$1,915,130$515,290
Total long-term assets$73,617,348$68,772,916$69,970,762$59,922,973$57,566,388
Total assets$145,541,414$130,118,907$131,702,199$122,981,320$111,754,010
 
Liabilities20232022202120202019
Payables and accrued expenses$5,533,095$5,277,164$4,783,556$6,740,898$4,403,221
Other current liabilities$3,211,411$2,817,004$2,680,404$2,610,457$2,557,386
Total current liabilities$8,744,506$8,094,168$7,463,960$9,351,355$6,960,607
Debt$7,895,683$8,942,888$11,752,025$12,536,236$13,285,258
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$10,329,062$14,656,873$18,283,439$23,887,995$19,042,930
Total long-term liabilities$18,224,745$23,599,761$30,035,464$36,424,231$32,328,188
Total liabilities$26,969,251$31,693,929$37,499,424$45,775,586$39,288,795
 
Net assets20232022202120202019
Without donor restrictions$67,538,954$57,360,274$52,143,844$32,028,287$32,384,560
With donor restrictions$51,033,209$41,064,704$42,058,931$45,177,447$40,080,655
Net assets$118,572,163$98,424,978$94,202,775$77,205,734$72,465,215
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$37,439,531$28,593,909$20,140,975$26,982,837$22,232,501
Program service revenue$26,669,562$25,913,255$25,546,985$24,604,533$24,448,560
Membership dues$0$0$0$0$0
Investment income$1,978,921$1,234,378$954,695$1,065,736$1,240,851
Other revenue$614,856$434,408$288,923($22,656)$490,048
Total other revenue$29,263,339$27,582,041$26,790,603$25,647,613$26,179,459
Total revenue$66,702,870$56,175,950$46,931,578$52,630,450$48,411,960
 
Expenses20232022202120202019
Program services$37,783,395$36,007,885$28,179,508$28,212,000$25,538,838
Management and general$9,365,191$8,706,170$12,907,391$13,202,131$12,185,731
Fundraising$5,130,358$4,390,142$3,162,481$3,550,383$3,356,813
Total expenses$52,278,944$49,104,197$44,249,380$44,964,514$41,081,382
 
Change in net assets20232022202120202019
Surplus (deficit)$14,423,926$7,071,753$2,682,198$7,665,936$7,330,578
Other changes in net assets$0$0$0$0$0
Total change in net assets$14,423,926$7,071,753$2,682,198$7,665,936$7,330,578

Compensation

NameTitleCompensation
Mark YarbroughPresident$350,703
George HillmanVP Education$218,211
Robert RiggsSr VP Operations$213,082
Glenn KreiderProfessor$209,029
Josh WinnVP Communications and Communi$199,759
Kim TillSr VP Development$196,536
Mike BalbierDirector of External Studies$183,520
Michael BurerProfessor$176,293
Greg HatteburgDean AlumniEnrollment Svc$175,119
Michael OrtizVP Global Ministries$167,143
David TarrantVP Business & FinanceCFO$164,766
Dennis RaineyRegent$2,000
Anthony EvansBoard member$500
Brian FisherRegent Vice Chair$500
Roger PoupartBoard Member$500

Compensation data as of: 6/30/2023


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 3/16/2023. To update the information below, please email: [email protected]


History

Dallas Theological Seminary was founded out of a desire to preserve the centrality of the Bible and its authority as the theological foundation for pastors and teachers to serve the Lord's church. Throughout the decades, DTS has pursued the goals of our founders by preparing God's servants for ministry that now encompasses the earth.

In 1924, ever-increasing rationalistic tendencies characterized the Modern era and liberal theological perspectives swept through academia and many churches. Sadly, while revisionists attempted to retain the relevance of Christianity in a secular society, they did so by redefining essential doctrines concerning the mission of Christ, leading to the distortion of historic Christian orthodoxy. Some pursued counteraction against the movement through polemics; Lewis Sperry Chafer countered by establishing an institution where students could receive conservative, traditional theological training and learn to communicate the Scriptures in the context of the twentieth century and beyond.

Before founding DTS, Chafer had invested more than thirty years traveling throughout the United States, initially as an evangelist and then as a Bible teacher. He encountered numerous pastors and students throughout his travels; these pastors and students desired a more thorough education in biblical exposition and interpretation methods. Their expressed concerns influenced Chafer to create a curriculum centered on the study of the Bible. A premillennial, dispensational understanding of Scripture and the training of students in the exposition of the Word became central to the foundation of the seminary because of Chafer's mentor, C. I. Scofield. These theological distinctives and an emphasis on the development of the spiritual life distinguished the curriculum of DTS.

Several meetings between 1921 and 1922 catalyzed the formation of DTS. Throughout the process, a pivotal conversation took place between W. H. Griffith Thomas, a prominent conservative Anglican scholar; A. B. Winchester, a Canadian minister; and Chafer. They gathered at the Piedmont Hotel in Atlanta, Georgia, and discussed the details of a new adventure in theological training. Other figures who shaped the early years of the seminary included Chafer's brother, Rollin T. Chafer, who served both as an administrative officer and instructor, and William M. Anderson Jr., pastor of First Presbyterian Church in Dallas. Anderson was instrumental in Chafer's decision to locate the seminary in Dallas, and his church housed the seminary's earliest classroom. Anderson also served on the faculty. After years of planning, the seminary was established in 1924 with the first class graduating in 1927.

Since its inception, DTS has emphasized expository preaching and teaching of the Scriptures according to the plain, normal, historical meaning of the words in their original languages. The fruit of Chafer's vision, a seminary where the central textbook is the Word of God, continues to impact the world through its legacy of alumni who demonstrate what it means to teach truth and love well.


Program accomplishments


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