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

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 rating960 of 1033111 of 117
Fund acquisition rating801 of 1035100 of 117
Resource allocation rating995 of 1035112 of 117
Asset utilization rating679 of 103382 of 117

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
13%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 ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%64%63%62%63%66%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%94%85%85%95%97%
Program output ratio Program output ratio =
Program services /
Total revenue
80%60%54%53%60%64%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%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 ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.340.370.370.380.38
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.712.131.952.062.162.35
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.600.720.710.760.810.89
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.388.276.747.788.046.24
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.120.150.130.120.16
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.9714.7214.3313.8012.9711.26
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
26%28%37%35%37%40%
Debt ratio Debt ratio =
Debt /
Total assets
16%9%10%12%13%14%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%213%172%176%168%157%

Financials

Balance sheet
 
Assets20212020201920182017
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
 
Liabilities20212020201920182017
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 assets20212020201920182017
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
 
Revenue20212020201920182017
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
 
Expenses20212020201920182017
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 assets20212020201920182017
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

NameTitleCompensation
Mark BaileyFormer President$586,818
Mark YarbroughPresident$287,666
Dale LarsonTreasurerVP Finance$187,776
Glenn KreiderProfessor$187,035
Robert RiggsSecretaryVP Operations$186,570
Kim TillVP Development$169,073
Greg HatteburgDean AlumniEnrollment Svc$158,814
Ron AllenProfessor$157,612
Drew WilliamsDirector of Housing$146,966
Anthony EvansBoard member$500
Brian FisherRegent$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.


Program accomplishments


Needs