Phoenix Seminary

The information on this page was last updated 2/24/2022. If you see errors or omissions, please email: info@ministrywatch.com


Summary

Founded in 1988, Phoenix Seminary trains men and women for Christ-centered ministry for the building up of healthy churches in Phoenix and the world. Phoenix Seminary is a dual-accredited graduate school of theology offering masters and doctoral degrees in all major ministry disciplines.

Phoenix Seminary is a Protestant, evangelical seminary that shapes men and women for ministry with essential foundational tools so that, as pastors, missionaries, or counselors, they can carry out their biblical calling and significantly impact the world through the Church on its mission.


Contact information

Mailing address:
Phoenix Seminary
7901 East Shea Blvd
Scottsdale, AZ 85260

Website: ps.edu

Phone: 602-850-8000

Email: enrollment@ps.edu


Organization details

EIN: 860711495

CEO/President: Brian Arnold, Ph.D.

Chairman: Ron Ogan

Board size: 8

Founder:

Ruling year: 1992

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1994


Purpose

Phoenix Seminary seeks to promote personal and spiritual growth through the alignment of degree program student outcomes with the following educational values:

Theological Understanding through Biblical Study

We believe the Word of God is foundational to life and ministry. Therefore, we will provide education that stimulates increasing love, respect, and submission to the Word of God as well as accurate and appropriate handling of the Scriptures.

Character Development through Mentoring

We believe godly character is paramount for successful Christian ministry. Therefore, we will enable mentoring relationships that encourage personal integrity and Christ-like character.

Ministry Skills through Practice

We believe ministry skills are formed in the classroom and proven in ministry practice outside the classroom. Therefore, we provide opportunities that develop essential skills for reducing marginalization and injustice of people groups by bridging cultural, socio-economic, ethnic, racial, and gender boundaries.


Mission statement

Phoenix Seminary trains men and women for Christ-centered ministry for the building up of healthy churches in Phoenix and the world.


Statement of faith

Concerning God

We believe there is one God, who eternally exists in three persons-Father, Son, and Holy Spirit.

Concerning the Bible

We believe the 66 books of the Old and New Testament are the authoritative Word of God based on an inspired text without error in the autographs. "Autograph" is a theological term referring to the original Hebrew, Aramaic and Greek manuscripts of Scripture.

Concerning the Person and Work of the Lord Jesus Christ

We believe in the full deity and humanity of Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father where He intercedes for us, and in His personal return in power and glory.

Concerning the Human Condition

We believe all human beings are lost and sinful by nature. Consequently, salvation can only be accomplished by God's grace through regeneration and justification by the Holy Spirit. Salvation cannot be earned. It is a gift from God, received only by faith in Jesus Christ.

Concerning the Present Work of the Holy Spirit

We believe the indwelling Holy Spirit works the regeneration, sanctification and preservation of the Christian. His ministry is to glorify Jesus Christ and empower the believer for godly living and service.

Concerning the Spiritual Unity of Believers

We believe the Church is the body of Christ of which He is the Head.

Concerning the Future

We believe in the bodily resurrection of the saved unto eternal life and the lost to eternal condemnation.

Final Authority for Matters of Belief and Conduct

This Statement of Faith does not fully encompass the extent of our doctrinal beliefs. The Bible itself, as the inspired, inerrant and infallible Word of God, speaks with final authority concerning truth, morality and the proper conduct of mankind, and is the sole and final source of all that we believe.

For purposes of Phoenix Seminary's doctrine, practice, policy and discipline, the Board of Directors, as advised by the faculty, is the Seminary's final interpretive authority on the Bible's meaning and application. Phoenix Seminary students must affirm the statement of faith. Phoenix Seminary's resident faculty and senior administrators hold to a more detailed Faculty Teaching Position.

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating130 of 10317 of 117
Fund acquisition rating10 of 10334 of 117
Resource allocation rating670 of 103377 of 117
Asset utilization rating111 of 10319 of 117

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
13%7%13%8%6%15%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%6%10%7%5%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
14%86%75%87%93%85%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%9%11%8%5%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
86%14%25%13%7%15%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%81%70%68%31%75%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%70%86%83%116%139%
Program output ratio Program output ratio =
Program services /
Total revenue
80%57%60%57%36%105%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%30%14%17%-16%-39%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%93%313%-190%106%-646%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%10%19%24%64%16%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.501.941.632.506.202.24
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.711.331.592.493.102.95
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.602.592.596.2319.266.62
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.387.295.052.470.851.63
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.140.200.401.180.62
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.974.003.711.15-0.110.70
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
26%11%91%126%182%90%
Debt ratio Debt ratio =
Debt /
Total assets
16%0%77%108%144%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%46%5%-11%-13%4%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$2,624,065$1,596,083$681,019$387,139$394,533
Receivables, inventories, prepaids$107,083$92,176$82,426$182,666$430,766
Short-term investments$0$0$0$0$5,672
Other current assets$0$0$0$0$0
Total current assets$2,731,148$1,688,259$763,445$569,805$830,971
Long-term investments$0$0$0$0$0
Fixed assets$885,283$970,467$1,095,726$1,198,701$1,622,388
Other long-term assets$21,739$31,346$40,954$0$0
Total long-term assets$907,022$1,001,813$1,136,680$1,198,701$1,622,388
Total assets$3,638,170$2,690,072$1,900,125$1,768,506$2,453,359
 
Liabilities20212020201920182017
Payables and accrued expenses$284,985$223,558$215,706$505,978$432,090
Other current liabilities$89,453$110,884$93,246$167,460$79,080
Total current liabilities$374,438$334,442$308,952$673,438$511,170
Debt$0$2,084,800$2,050,000$2,550,000$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$25,544$34,783$43,314$0$1,702,657
Total long-term liabilities$25,544$2,119,583$2,093,314$2,550,000$1,702,657
Total liabilities$399,982$2,454,025$2,402,266$3,223,438$2,213,827
 
Net assets20212020201920182017
Without donor restrictions$1,915,371($635,963)($946,027)($2,324,652)($1,428,614)
With donor restrictions$1,322,817$872,010$443,886$869,720$1,668,146
Net assets$3,238,188$236,047($502,141)($1,454,932)$239,532
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$8,708,731$3,854,926$4,959,538$8,816,358$3,344,645
Program service revenue$1,357,644$1,268,749$1,179,887$944,660$959,097
Membership dues$0$0$0$0$0
Investment income$5,851$7,375$7,438$34,184$6,460
Other revenue$2,528($12,561)($434,693)($361,804)($356,094)
Total other revenue$1,366,023$1,263,563$752,632$617,040$609,463
Total revenue$10,074,754$5,118,489$5,712,170$9,433,398$3,954,108
 
Expenses20212020201920182017
Program services$5,715,531$3,060,464$3,232,380$3,416,530$4,146,970
Management and general$727,818$825,922$1,138,797$7,046,119$866,456
Fundraising$629,264$492,937$385,111$510,695$487,668
Total expenses$7,072,613$4,379,323$4,756,288$10,973,344$5,501,094
 
Change in net assets20212020201920182017
Surplus (deficit)$3,002,141$739,166$955,882($1,539,946)($1,546,986)
Other changes in net assets$0$0$0$0$0
Total change in net assets$3,002,141$739,166$955,882($1,539,946)($1,546,986)

Compensation

NameTitleCompensation
Darryl DelhousayeChancellor$205,009
Brian ArnoldPresident$152,226
Justin SmithProfessor$140,895
Joshua AndersonDean of Students$139,940
Deborah ArnitzController$104,600
John Michael ThigpenProvost / Executive VP$93,901

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 2/24/2022. To update the information below, please email: info@ministrywatch.com


History

In August 1987 a dozen pastors and Christian leaders from Arizona gathered to discuss the need for a Phoenix-based seminary. There was a strong sense that God had blessed the Phoenix area with a vital, growing Christian community in need of a local seminary.

In October 1987 Western Seminary in Portland, Oregon entered into a partnership with churches in Phoenix to establish a local seminary. In the fall of 1988 Western Seminary Phoenix opened its doors. The first classes were held at Scottsdale Bible Church and Grace Community Church. Sixty-eight students enrolled in the Master of Divinity and the Master of Christian Leadership programs.

After several years of growing ministry, the local leadership of Western Seminary Phoenix saw the benefits of becoming a fully independent, inter-denominational seminary. In July 1994, with the approval of the board of Western Seminary, Phoenix Seminary became independent, a private not-for-profit institution.

In April 2000 the Seminary moved to new premises of 10,800 square feet on Scottsdale Road where the Seminary could house the entire library, one classroom and office space for faculty, administration and staff. This space was expanded to 14,200 square feet in August 2001, providing additional library space, two more classrooms, four offices and a small student lounge.

In the fall of 2005, the seminary moved the campus to a state-of-the-art building on Thomas Road in the heart of Phoenix. This campus provided a superior learning environment, expanded library facilities, increased classroom space, and better opportunities for students and faculty to interact and share in ministry.

In the summer of 2017, the Seminary moved its campus to a 4.6-acre site on Shea Boulevard in Scottsdale. The facility includes a chapel, multiple classrooms, and administrative staff offices. The center of the campus is the Biblical Research Center, which houses faculty offices and the Seminary library. As the school's permanent home, the campus represents the vision of President DelHousaye as well as the generosity and prayers of hundreds of faithful donors.

In the years since it was founded, Phoenix Seminary has enjoyed God's blessing and has seen expansion of its influence and partnership with churches in Arizona.


Program accomplishments


Needs