Westminster Seminary California

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 6/4/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Westminster Seminary California (WSC) is a Christian institution in the Reformed and Presbyterian tradition seeking to glorify God through graduate theological study.


Contact information

Mailing address:
Westminster Seminary California
1725 Bear Valley Parkway
Escondido, CA 92027

Website: wscal.edu

Phone: 888-480-8474

Email: admissions@wscal.edu


Organization details

EIN: 953457731

CEO/President: Joel Eunil Kim

Chairman: Ronald W. Prins

Board size: 0

Founder: Robert B. Strimple and Robert G. den Dulk

Year founded: 1980

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1992


Purpose

WSC offers instruction in biblical, theological, and ministerial disciplines to both men and women as the heart of a program to help students to develop intellectually and spiritually as leaders. While the focus of our programs is to educate and prepare men for office-bearing ordained ministries of instruction and leadership as pastors, WSC also furnishes training in Scripture and theology to both women and men who are preparing to serve Christ and His church in vocations other than the ordained leadership ministries so that the whole body of Christ may be enriched through the diverse gifts bestowed by God's Spirit.

Because zeal without knowledge or knowledge without zeal can only injure the church, WSC seeks to develop in its students a balanced combination of scholarship and Christ-like piety, where proper cultivation of the mind increases the devotion of the heart. Westminster Seminary California seeks to establish a pastoral and scholarly community that ultimately seeks to glorify Christ, promote His Gospel, and serve His Church.


Mission statement

Westminster Seminary California (WSC) is a Christian institution seeking to glorify God through graduate theological study. Its primary responsibility is to educate future pastors for Christian churches, especially for Presbyterian and Reformed denominations. It also provides theological education for others who will serve in the Christian community and the larger society.


Statement of faith

Doctrinal Standards:

Because theological unity is of critical importance in accomplishing the mission of WSC, all WSC faculty and Trustees must agree in signature to upholding the following Reformed confessions and catechisms as faithful summaries of Scripture before they are installed as professors and members of the Board:

Westminster Confession and Catechisms

Westminster Confession of Faith (1647)

Westminster Larger Catechism (1647)

Westminster Shorter Catechism (1647)

Belgic Confession (1561)

Heidelberg Catechism (1563)

Canons of Dort (1619)

The WSC faculty have authored two statements that express their unity in their understanding of important doctrines and theological issues: Faculty Statement on Justification and A Testimony to Our Time.

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating511 of 89474 of 111
Fund acquisition rating10 of 8945 of 111
Resource allocation rating610 of 89475 of 111
Asset utilization rating846 of 894109 of 111

Financial ratios

Funding ratiosSector median2020201920182016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%9%9%5%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%5%5%4%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%63%59%81%73%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%8%6%7%10%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%37%41%19%27%
 
Operating ratiosSector median2020201920182016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%80%84%79%74%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%69%89%50%70%
Program output ratio Program output ratio =
Program services /
Total revenue
81%55%74%39%52%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%31%11%50%30%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%10%3%22%16%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%12%10%14%16%
 
Investing ratiosSector median2020201920182016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.190.200.160.35
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.738.7916.2618.351.77
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.621.663.292.920.63
 
Liquidity ratiosSector median2020201920182016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.0811.246.260.4627.52
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.090.162.180.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.956.603.06-4.8218.39
 
Solvency ratiosSector median2020201920182016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%16%24%26%6%
Debt ratio Debt ratio =
Debt /
Total assets
16%15%23%14%4%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%444%377%465%266%

Financials

Balance sheet
 
Assets2020201920182016
Cash$2,432,517$1,366,598$1,288,303$1,856,569
Receivables, inventories, prepaids$217,050$268,865$254,825$148,791
Short-term investments$1,056,247$334,911$147,633$5,561,732
Other current assets$0$0$50,000$0
Total current assets$3,705,814$1,970,374$1,740,761$7,567,092
Long-term investments$3,636,987$4,226,606$3,748,650$0
Fixed assets$25,217,006$25,833,976$26,445,682$5,842,470
Other long-term assets$0$0$0$17,900
Total long-term assets$28,853,993$30,060,582$30,194,332$5,860,370
Total assets$32,559,807$32,030,956$31,935,093$13,427,462
 
Liabilities2020201920182016
Payables and accrued expenses$309,853$300,246$266,837$166,969
Other current liabilities$19,983$14,420$3,519,761$107,964
Total current liabilities$329,836$314,666$3,786,598$274,933
Debt$4,939,011$7,238,084$4,480,506$498,972
Due to (from) affiliates$0$0$0$0
Other long-term liabilities$0$0$0$0
Total long-term liabilities$4,939,011$7,238,084$4,480,506$498,972
Total liabilities$5,268,847$7,552,750$8,267,104$773,905
 
Net assets2020201920182016
Unrestricted$21,767,189$19,266,354$19,919,339$6,691,061
Temporarily restricted$4,936,828$4,670,459$3,238,548$5,488,327
Permanently restricted$586,943$541,393$510,102$474,166
Net assets$27,290,960$24,478,206$23,667,989$12,653,557
 
Revenues and expenses
 
Revenue2020201920182016
Total contributions$5,636,515$4,328,914$8,275,087$4,948,684
Program service revenue$1,936,305$1,925,633$1,451,767$1,654,217
Membership dues$0$0$0$0
Investment income$352,543$190,826$188,926$6,625
Other revenue$1,029,914$852,152$291,845$181,828
Total other revenue$3,318,762$2,968,611$1,932,538$1,842,670
Total revenue$8,955,277$7,297,525$10,207,625$6,791,354
 
Expenses2020201920182016
Program services$4,925,862$5,423,966$4,007,300$3,526,429
Management and general$733,119$677,841$708,115$759,374
Fundraising$483,542$385,501$373,096$473,563
Total expenses$6,142,523$6,487,308$5,088,511$4,759,366
 
Change in net assets2020201920182016
Surplus (deficit)$2,812,754$810,217$5,119,114$2,031,988
Other changes in net assets$0$0$0$0
Total change in net assets$2,812,754$810,217$5,119,114$2,031,988

Compensation

Compensation data for this ministry has not been collected.


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 6/4/2021. To update the information below, please email: info@ministrywatch.com


History

Westminster Seminary California welcomed its first students in the fall of 1980. From the beginning, WSC committed itself to providing the finest in theological education with a particular focus on preparing men for pastoral ministry. The inerrancy of the Scriptures, the Gospel of Christ, the importance of the church and preaching, and the Reformed confessions have all guided the life and teaching of the Seminary.

From its inception WSC has attracted students from all over the United States and from many foreign countries. At the time of its founding, there was no Reformed seminary in the western part of the United States. WSC established a campus with an extensive library, a comprehensive curriculum, and a full faculty of teachers who were both experienced pastors and experts in their academic disciplines.

WSC traces its commitment to Reformed theological education back to the Reformation and especially to John Calvin's educational approach in his Genevan Academy. In America that educational heritage was maintained at Princeton Theological Seminary in the nineteenth and early twentieth centuries. Old Princeton was devoted to the inerrancy of the Bible, outstanding scholarship, fine academic education, and service to the church in its preaching and missionary work. When in 1929 Princeton Seminary was reorganized to tolerate theological liberalism, several faculty members, led by the distinguished scholar J. Gresham Machen, left Princeton to found Westminster Theological Seminary in Philadelphia, Pennsylvania. The new seminary preserved the heritage of old Princeton and passed it on to WSC. Westminster Seminary California was initially a branch campus of the Philadelphia school until 1982 when it became fully independent.

Dr. Robert B. Strimple and Mr. Robert G. den Dulk shared the administrative responsibilities for founding the Seminary, moving to California in 1979. Dr. Strimple became the first president of WSC in 1982, overseeing the movement of the Seminary from its temporary home in San Marcos to its beautiful, permanent campus in southeastern Escondido. In 1988, Dr. Strimple returned to full-time teaching and scholarship, while Mr. den Dulk became president, increasing the size and financial strength of the school. Dr. W. Robert Godfrey, who had joined the faculty in 1981 as professor of church history, became the third president of WSC in 1993. As the seminary's longest serving president at 24 years, Dr. Godfrey has guided the faculty and staff through decades of substantial growth, while preserving WSC's unswerving fidelity to Scripture as summarized in the Reformed confessions. In May of 2017, Rev. Joel Eunil Kim was appointed as the fourth president of Westminster Seminary California (WSC), beginning August 1, 2017.


Program accomplishments


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