Dallas Theological Seminary

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/7/2020. To update the information in this column, please email: info@ministrywatch.com


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 rating709 of 91395 of 111
Fund acquisition rating404 of 91547 of 111
Resource allocation rating876 of 915105 of 111
Asset utilization rating543 of 91371 of 111

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%13%15%20%18%14%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%7%7%8%7%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%51%46%39%40%42%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%8%8%8%8%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%49%54%61%60%58%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%63%62%63%66%63%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%85%85%95%97%111%
Program output ratio Program output ratio =
Program services /
Total revenue
81%54%53%60%64%70%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%15%15%5%3%-11%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%10%10%3%2%-7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%29%30%29%27%32%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.370.370.380.380.42
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.731.952.062.162.352.62
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.620.710.760.810.891.11
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.086.747.788.046.247.78
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.150.130.120.160.13
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.9514.3313.8012.9711.269.42
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%37%35%37%40%44%
Debt ratio Debt ratio =
Debt /
Total assets
16%10%12%13%14%15%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%172%176%168%157%131%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$23,489,185$15,294,558$10,304,212$8,289,661$7,472,093
Receivables, inventories, prepaids$8,938,928$9,068,556$9,300,389$10,487,691$7,064,485
Short-term investments$30,630,234$29,824,508$29,018,442$25,055,304$23,453,596
Other current assets$0$0$0$0$0
Total current assets$63,058,347$54,187,622$48,623,043$43,832,656$37,990,174
Long-term investments$4,783,650$4,786,459$4,664,490$5,812,400$6,452,842
Fixed assets$53,224,193$52,264,639$51,009,335$52,663,862$54,071,127
Other long-term assets$1,915,130$515,290$516,158$515,145$945,979
Total long-term assets$59,922,973$57,566,388$56,189,983$58,991,407$61,469,948
Total assets$122,981,320$111,754,010$104,813,026$102,824,063$99,460,122
 
Liabilities20202019201820172016
Payables and accrued expenses$6,740,898$4,403,221$3,556,818$4,622,139$2,993,376
Other current liabilities$2,610,457$2,557,386$2,494,084$2,407,357$1,891,499
Total current liabilities$9,351,355$6,960,607$6,050,902$7,029,496$4,884,875
Debt$12,536,236$13,285,258$14,014,768$14,691,596$15,350,265
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$23,887,995$19,042,930$18,587,849$19,605,757$23,897,360
Total long-term liabilities$36,424,231$32,328,188$32,602,617$34,297,353$39,247,625
Total liabilities$45,775,586$39,288,795$38,653,519$41,326,849$44,132,500
 
Net assets20202019201820172016
Without donor restrictions$32,028,287$32,384,560$33,918,525$31,333,779$26,499,735
With donor restrictions$45,177,447$40,080,655$32,240,982$30,163,435$28,827,887
Net assets$77,205,734$72,465,215$66,159,507$61,497,214$55,327,622
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$26,982,837$22,232,501$16,023,956$16,224,341$16,123,544
Program service revenue$24,604,533$24,448,560$23,789,019$23,136,764$21,418,856
Membership dues$0$0$0$0$0
Investment income$1,065,736$1,240,851$1,138,277$1,166,217$655,846
Other revenue($22,656)$490,048$596,947($73,951)($89,449)
Total other revenue$25,647,613$26,179,459$25,524,243$24,229,030$21,985,253
Total revenue$52,630,450$48,411,960$41,548,199$40,453,371$38,108,797
 
Expenses20202019201820172016
Program services$28,212,000$25,538,838$24,869,022$25,816,210$26,534,650
Management and general$13,202,131$12,185,731$11,272,295$10,430,767$13,352,426
Fundraising$3,550,383$3,356,813$3,252,675$2,969,093$2,294,409
Total expenses$44,964,514$41,081,382$39,393,992$39,216,070$42,181,485
 
Change in net assets20202019201820172016
Surplus (deficit)$7,665,936$7,330,578$2,154,207$1,237,301($4,072,688)
Other changes in net assets$0$0$0$0$0
Total change in net assets$7,665,936$7,330,578$2,154,207$1,237,301($4,072,688)

Compensation

NameTitleCompensation
Mark BaileyPresident$223,226
Mark YarbroughVP Acad Affairs President 7$218,261
Dale LarsonTreasurerVP Business and Fin$187,645
Glenn KreiderProfessor$185,386
Robert RiggsSecretaryVP Operations$181,969
Kim TillVP Development$167,080
Greg HatteburgDean AlumniEnrollment Svc$151,794
Scott TalbotExecutive Director-Foundation$141,915
Michael BurerProfessor$135,394
Jim ThamesAcademic Dean$128,802
Darrell BockBoard member$125,874
Frank Glover JrRegent$200

Compensation data as of: 6/30/2020


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 8/7/2020. To update the information below, please email: info@ministrywatch.com


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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