Phoenix Seminary

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 4/4/2021. To update the information in this column, 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

Chairman: Ron Ogan

Board size: 9

Founder:

Year founded: 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.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating388 of 91340 of 111
Fund acquisition rating326 of 91537 of 111
Resource allocation rating825 of 91599 of 111
Asset utilization rating119 of 9139 of 111

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%13%8%6%15%20%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%10%7%5%12%14%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%75%87%93%85%70%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%11%8%5%9%14%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%25%13%7%15%30%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%70%68%31%75%74%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%86%83%116%139%104%
Program output ratio Program output ratio =
Program services /
Total revenue
81%60%57%36%105%78%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%14%17%-16%-39%-4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%313%-190%106%-646%-10%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%19%24%64%16%12%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.511.632.506.202.241.30
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.731.592.493.102.951.11
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.622.596.2319.266.621.43
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.085.052.470.851.6314.55
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.200.401.180.620.07
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.953.711.15-0.110.707.80
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%91%126%182%90%43%
Debt ratio Debt ratio =
Debt /
Total assets
16%77%108%144%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%5%-11%-13%4%44%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$1,596,083$681,019$387,139$394,533$1,655,450
Receivables, inventories, prepaids$92,176$82,426$182,666$430,766$799,363
Short-term investments$0$0$0$5,672$557,821
Other current assets$0$0$0$0$0
Total current assets$1,688,259$763,445$569,805$830,971$3,012,634
Long-term investments$0$0$0$0$0
Fixed assets$970,467$1,095,726$1,198,701$1,622,388$317,674
Other long-term assets$31,346$40,954$0$0$2
Total long-term assets$1,001,813$1,136,680$1,198,701$1,622,388$317,676
Total assets$2,690,072$1,900,125$1,768,506$2,453,359$3,330,310
 
Liabilities20202019201820172016
Payables and accrued expenses$223,558$215,706$505,978$432,090$103,765
Other current liabilities$110,884$93,246$167,460$79,080$103,261
Total current liabilities$334,442$308,952$673,438$511,170$207,026
Debt$2,084,800$2,050,000$2,550,000$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$34,783$43,314$0$1,702,657$1,208,432
Total long-term liabilities$2,119,583$2,093,314$2,550,000$1,702,657$1,208,432
Total liabilities$2,454,025$2,402,266$3,223,438$2,213,827$1,415,458
 
Net assets20202019201820172016
Without donor restrictions($635,963)($946,027)($2,324,652)($1,428,614)($945,126)
With donor restrictions$872,010$443,886$869,720$1,668,146$2,859,978
Net assets$236,047($502,141)($1,454,932)$239,532$1,914,852
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$3,854,926$4,959,538$8,816,358$3,344,645$2,910,798
Program service revenue$1,268,749$1,179,887$944,660$959,097$1,197,225
Membership dues$0$0$0$0$0
Investment income$7,375$7,438$34,184$6,460$231,384
Other revenue($12,561)($434,693)($361,804)($356,094)($207,172)
Total other revenue$1,263,563$752,632$617,040$609,463$1,221,437
Total revenue$5,118,489$5,712,170$9,433,398$3,954,108$4,132,235
 
Expenses20202019201820172016
Program services$3,060,464$3,232,380$3,416,530$4,146,970$3,206,227
Management and general$825,922$1,138,797$7,046,119$866,456$524,171
Fundraising$492,937$385,111$510,695$487,668$584,373
Total expenses$4,379,323$4,756,288$10,973,344$5,501,094$4,314,771
 
Change in net assets20202019201820172016
Surplus (deficit)$739,166$955,882($1,539,946)($1,546,986)($182,536)
Other changes in net assets$0$0$0$0$0
Total change in net assets$739,166$955,882($1,539,946)($1,546,986)($182,536)

Compensation

NameTitleCompensation
Darryl DelHousayeChancellor$195,470
Justin SmithProfessor$123,722
Bing HunterProvost$113,838
Brian ArnoldPresident$104,693

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 4/4/2021. To update the information below, please email: info@ministrywatch.com


History


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