Reformed Theological Seminary

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/27/2020. To update the information in this column, please email:


The purpose of RTS is to serve the church in all branches of evangelical Christianity, especially the Presbyterian and Reformed family, by preparing its leaders, with a priority on pastors, and including missionaries, educators, counselors, and others through a program of theological education on the graduate level, based upon the authority of the inerrant Word of God, the sixty-six books of the Bible, and committed to the Reformed faith as set forth in the Westminster Confession of Faith and the Larger and Shorter Catechisms as accepted by the Presbyterian Church in the United States of America as its standard of doctrine at its first General Assembly in 1789. This program shall be characterized by biblical fidelity, confessional integrity, and academic excellence, and committed to the promotion of the spiritual growth of the students. The breadth of this ministry will include multiple campuses and extensions as led by the Lord.

Contact information

Mailing address:
Reformed Theological Seminary
5422 Clinton Blvd
Jackson, MS 39209-3050


Phone: 601-923-1600


Organization details

EIN: 640428676

CEO/President: J Ligon Duncan III

Chairman: Richard L. Ridgeway

Board size: 12


Year founded: 1964

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: Yes

Member of ECFA since: 1981


Reformed Theological Seminary exists to glorify the Triune God and to serve His Church in all branches of evangelical Christianity, especially Presbyterian and Reformed churches, by providing Reformed graduate theological education that is globally accessible. RTS equips its students for ministry, primarily through pastoral preparation, to be servant leaders marked by "A Mind for Truth, A Heart for God."

Mission statement

The mission of Reformed Theological Seminary is to serve the Church by preparing its leaders, through a program of graduate theological education, based upon the authority of the inerrant Word of God, and committed to the Reformed Faith.

Statement of faith

To ensure that the original purpose and doctrinal distinctives of the seminary are maintained, each trustee, senior administrator, and voting faculty member, with solemn awareness of accountability to God in all that he feels, thinks, says, and does, engages in and subscribes to the following Statement of Belief and Covenant:

There is but one only, the living and true God; and there are three persons in the Godhead, the Father, the Son, and the Holy Spirit; and these three are one God, the same in substance, equal in power and glory.

Scripture is the inspired, inerrant Word of God, the final authority, and only infallible rule of faith and practice. As the Word of God written, all Scripture is self-attesting and is verbally inspired by Almighty God, and therefore without error as originally given.

Reformed theology as set forth in the Westminster Confession of Faith and the Larger and Shorter Catechisms as adopted by the Presbyterian Church in the United States of America as its subordinate standard of doctrine at its first General Assembly in 1789 is founded upon the Word of God, and therefore is to be learned, taught, and proclaimed for the edification of God's people, the government of the Church, the propagation of the faith, and the evangelization of the world by the power of the Gospel of our Lord Jesus Christ.

I sincerely own and believe the statements above, and I will firmly and constantly adhere unto them, and to the utmost of my power I will assert, maintain, and defend the same.

NOW THEREFORE, the undersigned, in the presence of God, states and signifies that he consents, agrees, and binds himself to all of the foregoing without any reservation whatsoever, and that he further obligates himself immediately to notify in writing the Provost should a change of any kind take place in his belief and feeling not in accord with this statement. Amen.

Transparency grade


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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating756 of 81797 of 100
Fund acquisition rating667 of 81790 of 100
Resource allocation rating680 of 81782 of 100
Asset utilization rating604 of 81788 of 100

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Balance sheet
Receivables, inventories, prepaids$737,704$1,251,935$633,291$9,046,286$644,542
Short-term investments$38,366,240$39,736,392$43,085,711$32,123,130$32,500,349
Other current assets$0$0$0$0$0
Total current assets$40,672,696$42,556,753$45,280,704$43,566,884$34,372,080
Long-term investments$38,606,505$41,030,715$31,272,152$26,154,345$25,210,793
Fixed assets$20,367,673$20,450,282$21,693,022$22,060,542$22,759,030
Other long-term assets$2,816,356$2,747,757$2,484,502$2,279,073$2,395,734
Total long-term assets$61,790,534$64,228,754$55,449,676$50,493,960$50,365,557
Total assets$102,463,230$106,785,507$100,730,380$94,060,844$84,737,637
Payables and accrued expenses$1,114,880$862,808$982,180$865,737$769,461
Other current liabilities$950,954$916,580$1,008,355$938,871$817,709
Total current liabilities$2,065,834$1,779,388$1,990,535$1,804,608$1,587,170
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$895,543$948,795$1,235,263$1,332,914$1,460,419
Total long-term liabilities$895,543$948,795$1,235,263$1,332,914$1,460,419
Total liabilities$2,961,377$2,728,183$3,225,798$3,137,522$3,047,589
Net assets20192018201720162015
Temporarily restricted$51,894,331$49,121,781$47,543,626$46,939,256$31,689,974
Permanently restricted$0$1,724,144$1,690,473$1,635,175$1,693,122
Net assets$99,501,853$104,057,324$97,504,582$90,923,322$81,690,048
Revenues and expenses
Total contributions$6,656,122$8,395,056$6,714,609$21,326,698$6,779,137
Program service revenue$11,504,087$10,817,647$10,140,238$9,565,304$8,896,757
Membership dues$0$0$0$0$0
Investment income$4,221,054$8,885,328$4,130,210$1,315,745$3,199,559
Other revenue$288,175$24,458$644,352$518,902$232,464
Total other revenue$16,013,316$19,727,433$14,914,800$11,399,951$12,328,780
Total revenue$22,669,438$28,122,489$21,629,409$32,726,649$19,107,917
Program services$17,095,473$16,057,799$15,271,063$14,599,393$14,078,186
Management and general$4,104,228$3,957,043$3,627,568$3,466,543$3,653,479
Total expenses$22,680,564$21,303,957$20,064,959$19,578,041$19,019,176
Change in net assets20192018201720162015
Surplus (deficit)($11,126)$6,818,532$1,564,450$13,148,608$88,741
Other changes in net assets$0$0$0$0$0
Total change in net assets($11,126)$6,818,532$1,564,450$13,148,608$88,741


J Ligon Duncan IIIChancellor/CEO$330,220
Robert J CaraProvost/CAO$179,664
Michael J KrugerPresident - Charlotte$177,032
E Bradley TisdaleChief Operating and Financial$170,066
Scott R SwainPresident - Orlando$168,682
John S Redd JrPresident - Washington$166,438
Guy L RichardsonPresident - Jackson$158,720
Matthew BryantSenior VP - Development$150,466
Pauline M StoneChief Inst Assessment Officer$62,940
J Scott Redd SrTrustee$500

Compensation data as of: 5/31/2019

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 10/27/2020. To update the information below, please email:


In June 1963, five ministers met in a Memphis hotel room to pray about the need to establish a new seminary. At that time there was no seminary in the southeastern United States holding to Reformed theology and committed to the Bible as God's inerrant Word, the final authority for faith and life. When the meeting ended, the seed that would become Reformed Theological Seminary had been planted. Through the Lord's provision, the original Jackson campus property was acquired. The property consisted of 14 acres on which was located a two-story white colonial home used for offices and classrooms in those early years. In the fall of 1966, RTS opened its doors for resident studies in Jackson, Mississippi. Seventeen students enrolled. On September 6, Dr. C. Darby Fulton, former Executive Secretary of the Board of World Missions of the Presbyterian Church in the United States, delivered the first convocation address entitled "The Relevancy of the Gospel." Since that time RTS has grown to nine degree-granting campuses: Jackson, MS; Orlando, FL; Charlotte, NC; Washington DC; Atlanta, GA; Houston, TX; Dallas, TX; Sao Paulo, Brazil; and Global Education (U.S. and International). RTS has one partial degree campus in New York, NY.

Program accomplishments