Dallas Theological Seminary

Summary

Dallas Theological Seminary is an accreditation graduate school offering over 15 degrees on campus and online. Our main campus is located in Dallas, TX but we have branch campuses in Houston and Washington, DC. We also teach at various other sites around the world!


Contact information

Mailing address:
Dallas Theological Seminary
3909 Swiss Avenue
Dallas, TX 75204-6411

Website: dts.edu

Phone: 800-387-9673

Email: admissions@dts.edu


Organization details

EIN: 750827421

CEO/President: Dr. Mark M. Yarbrough

Chairman: Robert Murchison

Board size: 28

Founder: Lewis Sperry Chafer

Year founded: 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

The mission of DTS as a professional, graduate-level school 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/

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating506 of 72572 of 87
Fund acquisition rating234 of 72624 of 87
Resource allocation rating697 of 72687 of 87
Asset utilization rating420 of 72560 of 87

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%15%20%18%14%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%7%8%7%6%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%46%39%40%42%49%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%8%8%8%5%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%54%61%60%58%51%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%62%63%66%63%64%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%85%95%97%111%88%
Program output ratio Program output ratio =
Program services /
Total revenue
81%53%60%64%70%56%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%15%5%3%-11%12%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%10%3%2%-7%9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%30%29%27%32%30%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.370.380.380.420.38
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.012.062.162.352.622.43
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.640.760.810.891.110.93
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.267.788.046.247.785.89
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.140.130.120.160.130.17
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.0313.8012.9711.269.4210.74
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%35%37%40%44%42%
Debt ratio Debt ratio =
Debt /
Total assets
18%12%13%14%15%15%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%176%168%157%131%152%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$15,294,558$10,304,212$8,289,661$7,472,093$9,863,721
Receivables, inventories, prepaids$9,068,556$9,300,389$10,487,691$7,064,485$9,193,927
Short-term investments$29,824,508$29,018,442$25,055,304$23,453,596$23,493,200
Other current assets$0$0$0$0$0
Total current assets$54,187,622$48,623,043$43,832,656$37,990,174$42,550,848
Long-term investments$4,786,459$4,664,490$5,812,400$6,452,842$7,285,407
Fixed assets$52,264,639$51,009,335$52,663,862$54,071,127$52,597,500
Other long-term assets$515,290$516,158$515,145$945,979$984,121
Total long-term assets$57,566,388$56,189,983$58,991,407$61,469,948$60,867,028
Total assets$111,754,010$104,813,026$102,824,063$99,460,122$103,417,876
 
Liabilities20192018201720162015
Payables and accrued expenses$4,403,221$3,556,818$4,622,139$2,993,376$5,605,108
Other current liabilities$2,557,386$2,494,084$2,407,357$1,891,499$1,615,944
Total current liabilities$6,960,607$6,050,902$7,029,496$4,884,875$7,221,052
Debt$13,285,258$14,014,768$14,691,596$15,350,265$15,978,883
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$19,042,930$18,587,849$19,605,757$23,897,360$20,194,384
Total long-term liabilities$32,328,188$32,602,617$34,297,353$39,247,625$36,173,267
Total liabilities$39,288,795$38,653,519$41,326,849$44,132,500$43,394,319
 
Net assets20192018201720162015
Unrestricted$32,384,560$33,918,525$31,333,779$26,499,735$19,476,517
Temporarily restricted$17,567,033$10,442,581$8,968,330$8,325,429$21,124,766
Permanently restricted$22,513,622$21,798,401$21,195,105$20,502,458$19,422,274
Net assets$72,465,215$66,159,507$61,497,214$55,327,622$60,023,557
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$22,232,501$16,023,956$16,224,341$16,123,544$21,945,258
Program service revenue$24,448,560$23,789,019$23,136,764$21,418,856$21,195,938
Membership dues$0$0$0$0$0
Investment income$1,240,851$1,138,277$1,166,217$655,846$1,608,059
Other revenue$490,048$596,947($73,951)($89,449)$9,064
Total other revenue$26,179,459$25,524,243$24,229,030$21,985,253$22,813,061
Total revenue$48,411,960$41,548,199$40,453,371$38,108,797$44,758,319
 
Expenses20192018201720162015
Program services$25,538,838$24,869,022$25,816,210$26,534,650$25,184,839
Management and general$12,185,731$11,272,295$10,430,767$13,352,426$11,890,174
Fundraising$3,356,813$3,252,675$2,969,093$2,294,409$2,387,859
Total expenses$41,081,382$39,393,992$39,216,070$42,181,485$39,462,872
 
Change in net assets20192018201720162015
Surplus (deficit)$7,330,578$2,154,207$1,237,301($4,072,688)$5,295,447
Other changes in net assets$0$0$0$0$0
Total change in net assets$7,330,578$2,154,207$1,237,301($4,072,688)$5,295,447

Compensation

NameTitleCompensation
Mark BaileyPresident$335,086
Mark YarbroughVP Academic Affairs Academic$212,901
Dale LarsonTreasurerVP Business & Finan$183,942
Glenn KreiderProf Theological Studies$170,506
Kim TillVP Advancement$162,407
Robert RiggsSecretaryVP Operations$159,517
Michael BurerAssociate Professor New Testa$144,787
Greg HatteburgDean EnrollmentAlumni Svc$137,652
Darrell BockProfExec Dir Cultural Engag$129,501
John HannahProf Historical Theology$120,297
Stephen GoldingBoard memberFormer Pres DSF$17,758
Anthony EvansBoard member$3,150
Frank Glover JrBoard member$500

Compensation data as of: 6/30/2019


Response from ministry

No response has been provided by this ministry.


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


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