Fuller Theological Seminary

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/11/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

A multi-denominational, evangelical seminary with three schools: Theology, Psychology, & Intercultural Studies.


Contact information

Mailing address:
Fuller Theological Seminary
135 N. Oakland Ave.
Pasadena, CA 91182

Website: fuller.edu

Phone: 626-584-5200

Email: admissions@fuller.edu


Organization details

EIN: 951699394

CEO/President: Mark Labberton

Chairman: Daniel Dominick Meyer

Board size: 30

Founder: Charles Fuller and Harold John Ockenga

Year founded: 1952

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Forming Global Leaders for Kingdom Vocations


Mission statement

Fuller Theological Seminary, embracing the School of Theology, School of Psychology and Marriage and Family Therapy, and School of Intercultural Studies, is an evangelical, multidenominational, international, and multiethnic community dedicated to the equipping of men and women for the manifold ministries of Christ and his church. Under the authority of Scripture we seek to fulfill our commitment to ministry through graduate education, professional development, and spiritual formation. In all of our activities, including instruction, nurture, worship, service, research, and publication, Fuller Theological Seminary strives for excellence in the service of Jesus Christ, under the guidance and power of the Holy Spirit, to the glory of the Father.


Statement of faith

Under God, and subject to biblical authority, the faculty, managers/administrators, and trustees of Fuller Theological Seminary bear concerted witness to the following articles, to which they subscribe, which they hold to be essential to their ministry, and which are the foundation upon which the seminary is based.

I. God has revealed himself to be the living and true God, perfect in love and righteous in all his ways, one in essence, existing eternally in the three persons of the Trinity: Father, Son, and Holy Spirit.

II. God, who discloses himself to humankind through his creation, has savingly spoken in the words and events of redemptive history. This history is fulfilled in Jesus Christ, the incarnate Word, who is made known to us by the Holy Spirit in sacred Scripture.

III. Scripture is an essential part and trustworthy record of this divine self-disclosure. All the books of the Old and New Testaments, given by divine inspiration, are the written word of God, the only infallible rule of faith and practice. They are to be interpreted according to their context and purpose and in reverent obedience to the Lord who speaks through them in living power.

IV. God, by his word and for his glory, freely created the world out of nothing. He made man and woman in his own image, as the crown of creation, that they might have fellowship with him. Tempted by Satan, they rebelled against God. Being estranged from their Maker, yet responsible to him, they became subject to divine wrath, inwardly depraved and, apart from grace, incapable of returning to God.

V. The only mediator between God and humankind is Christ Jesus our Lord, God's eternal son, who, being conceived by the Holy Spirit and born of the Virgin Mary, fully shared and fulfilled our humanity in a life of perfect obedience. By his death in our stead, he revealed the divine love and upheld divine justice, removing our guilt and reconciling us to God. Having redeemed us from sin, the third day he rose bodily from the grave, victorious over death and the powers of darkness. He ascended into heaven where, at God's right hand, he intercedes for his people and rules as Lord over all.

VI. The Holy Spirit, through the proclamation of the gospel, renews our hearts, persuading us to repent of our sins and confess Jesus as Lord. By the same Spirit we are led to trust in divine mercy, whereby we are forgiven all our sins, justified by faith alone through the merit of Christ our Savior, and granted the free gift of eternal life.

VII. God graciously adopts us into his family and enables us to call him Father. As we are led by the Spirit, we grow in the knowledge of the Lord, freely keeping his commandments and endeavoring so to live in the world that all may see our good works and glorify our Father who is in heaven.

VIII. God, by his Word and Spirit creates the one holy catholic and apostolic Church, calling sinners out of the whole human race into the fellowship of Christ's Body. By the same Word and Spirit, he guides and preserves for eternity that new, redeemed humanity, which, being formed in every culture, is spiritually one with the people of God in all ages.

IX. The Church is summoned by Christ to offer acceptable worship to God and to serve him by preaching the gospel and making disciples of all nations, by tending the flock through the ministry of the word and sacraments and through daily pastoral care, by striving for social justice, and by relieving human distress and need.

X. God's redemptive purpose will be consummated by the return of Christ to raise the dead, to judge all people according to the deeds done in the Body, and to establish his glorious kingdom. The wicked shall be separated from God's presence, but the righteous, in glorious bodies, shall live and reign with him forever. Then shall the eager expectation of the creation be fulfilled and the whole earth shall proclaim the glory of God who makes all things new.

Transparency grade

C

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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating885 of 940108 of 112
Fund acquisition rating737 of 94294 of 112
Resource allocation rating892 of 942105 of 112
Asset utilization rating675 of 94091 of 112

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%17%16%16%9%17%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%6%5%4%3%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%32%30%27%36%25%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%4%4%3%4%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%68%70%73%64%75%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%71%73%78%76%76%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%129%126%127%93%128%
Program output ratio Program output ratio =
Program services /
Total revenue
81%92%92%99%70%97%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-29%-26%-27%7%-28%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-7%-7%-6%3%-7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%24%23%19%20%20%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.250.250.250.250.25
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.742.282.432.512.663.04
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.640.560.610.620.670.76
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.0710.4310.6213.1310.9910.21
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.100.090.080.090.10
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.8619.4117.7917.8616.2414.16
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%23%20%19%19%27%
Debt ratio Debt ratio =
Debt /
Total assets
16%16%15%15%15%20%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%316%317%328%320%291%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$17,891,299$14,081,055$11,141,108$10,666,366$6,144,667
Receivables, inventories, prepaids$7,161,879$10,859,662$12,160,322$14,202,837$11,909,143
Short-term investments$87,679,856$84,285,757$85,192,219$78,478,869$74,963,610
Other current assets$0$0$0$0$0
Total current assets$112,733,034$109,226,474$108,493,649$103,348,072$93,017,420
Long-term investments$10,865,237$14,180,267$12,543,037$15,299,853$22,789,958
Fixed assets$87,081,778$89,020,978$91,085,083$91,064,786$93,159,388
Other long-term assets$46,400,584$52,634,914$60,102,491$65,686,172$73,868,542
Total long-term assets$144,347,599$155,836,159$163,730,611$172,050,811$189,817,888
Total assets$257,080,633$265,062,633$272,224,260$275,398,883$282,835,308
 
Liabilities20202019201820172016
Payables and accrued expenses$5,090,780$6,078,902$4,439,632$5,444,304$4,873,550
Other current liabilities$5,720,584$4,210,132$3,822,022$3,962,492$4,238,342
Total current liabilities$10,811,364$10,289,034$8,261,654$9,406,796$9,111,892
Debt$41,094,939$39,922,169$40,559,992$41,222,782$57,451,417
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$5,948,872$3,417,832$2,446,686$2,749,357$9,704,318
Total long-term liabilities$47,043,811$43,340,001$43,006,678$43,972,139$67,155,735
Total liabilities$57,855,175$53,629,035$51,268,332$53,378,935$76,267,627
 
Net assets20202019201820172016
Without donor restrictions$45,878,644$52,732,622$49,479,220$44,627,127$30,862,899
With donor restrictions$153,346,814$158,700,976$171,476,708$177,392,821$175,704,782
Net assets$199,225,458$211,433,598$220,955,928$222,019,948$206,567,681
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$15,640,022$15,641,451$14,300,147$26,643,313$13,788,851
Program service revenue$32,936,129$35,110,201$37,224,776$40,432,510$38,381,373
Membership dues$0$0$0$0$0
Investment income$624,883$1,265,953$791,651$7,229,985$3,553,013
Other revenue($261,861)$953,499$826,575$681,450$10,725
Total other revenue$33,299,151$37,329,653$38,843,002$48,343,945$41,945,111
Total revenue$48,939,173$52,971,104$53,143,149$74,987,258$55,733,962
 
Expenses20202019201820172016
Program services$44,987,418$48,665,398$52,445,966$52,827,048$54,285,995
Management and general$15,326,787$15,576,666$12,672,731$14,156,209$14,436,467
Fundraising$2,709,006$2,490,917$2,234,118$2,433,964$2,378,393
Total expenses$63,023,211$66,732,981$67,352,815$69,417,221$71,100,855
 
Change in net assets20202019201820172016
Surplus (deficit)($14,084,038)($13,761,877)($14,209,666)$5,570,037($15,366,893)
Other changes in net assets$0$0$0$0$0
Total change in net assets($14,084,038)($13,761,877)($14,209,666)$5,570,037($15,366,893)

Compensation

NameTitleCompensation
Mark LabbertonPresident/Trustee$300,971
Mari ClementsProvost$222,238
Kimberly Odom ThompsonVP for Development (part year)$207,317
Theopolis CosseDean of School of Psychology$204,277
Sandra Ann ShraderExec, Director of Development$185,404
Amos Yong Dean School Theology& School of Intercultural Studies$172,941
John KamperschroerSenior Director, Development$171,347
Lauralee FarrerVP Communication$169,014
Jeffrey HarwellChief Technology Officer$121,887
Raymond M AsadCFO$89,343

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 8/11/2021. To update the information below, please email: info@ministrywatch.com


History

In the mid-1940s, a gifted evangelist named Charles E. Fuller was reaching thousands through his popular radio broadcast, The Old Fashioned Revival Hour. But Fuller began to dream of a way to spread the gospel even further: through a new school on the West Coast that would train young evangelists and missionaries.

Harold John Ockenga, pastor of Boston's Park Street Church and an erudite theologian, shared Fuller's vision but encouraged him to broaden it. The church not only needed evangelists, he said, it needed pastors who were intellectually sound and culturally attuned as well as solidly evangelical.

In May 1947, the two men and four other evangelical scholars met in downtown Chicago, Illinois, to seek God's will together about the idea of a new theological seminary. So strong was the spirit of prayer that they were convinced God was indeed leading them into this venture of faith, and Fuller Theological Seminary was born. This "center for evangelical scholarship," they envisioned, would resist the separatism of the time and be a force for the renewal and broadening of fundamentalism and evangelicalism.

With Ockenga contributing his scholarly proficiency to Fuller's folksy charisma and astute business sense, the new seminary-named not for Charles E. Fuller but for his father, Henry Fuller-planned to open its doors in September 1947 at the beautiful Cravens Estate in Pasadena. City zoning ordinances prohibited the estate's use for instruction, however, so Fuller Seminary's inaugural group of 39 students found themselves attending classes in the kindergarten Sunday school rooms of Lake Avenue Congregational Church-sitting in child-sized chairs as they learned from a charter faculty of theological giants: Everett Harrison, Carl F. H. Henry, Harold Lindsell, and Wilbur Smith.

In subsequent years the student body grew rapidly, and in 1953 the seminary-with enrollment now at 250-moved to the newly constructed Payton Hall on Oakland Avenue, its first and now iconic building at the center of the Pasadena campus. In the 70 years since its founding, Fuller Theological Seminary has become a place of rich diversity and theological leadership beyond what its founders could ever have imagined. Now the largest multidenominational seminary in the world, Fuller's more than 3,500 students come from 90 countries and 110 denominations. Three schools and multiple locations allow Fuller to offer a full range of master's and doctoral programs in both traditional classrooms and virtual environments. More than 43,000 alumni serve in churches and communities across the globe.

Yet from Charles E. Fuller's original vision until now, Fuller Seminary's core commitment has remained the same: equipping leaders with minds for careful scholarship and hearts for the unchanging, saving gospel of Jesus Christ.


Program accomplishments


Needs