Reformed Theological Seminary

Organization Overview

Reformed Theological Seminary is located in Jackson, MS. The organization was established in 1964. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 05/2022, Reformed Theological Seminary employed 345 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reformed Theological Seminary is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 05/2022, Reformed Theological Seminary generated $29.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $26.4m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PREPARE LEADERS FOR THE CHURCH WITH A MIND FOR TRUTH AND A HEART FOR GOD THROUGH A PROGRAM OF GRADUATE THEOLOGICAL EDUCATION.

Describe the Organization's Program Activity:

THE SEMINARY SERVES APPROXIMATELY 1,800 STUDENTS THROUGH CAMPUSES I JACKSON, MS, ORLANDO, FL, CHARLOTTE, NC, METRO WASHINGTON, DC, ATLANTA, GA, HOUSTON, TX, DALLAS, TX, NEW YORK, NY, DISTANCE EDUCATION PROGRAMS, AND AN EXTENSION SITE IN SAO PAULO, BRAZIL. IN ADDITION, THE SEMINARY IS ENHANCING REFORMED THEOLOGY CURRICULUM WITH ORGANIZATIONS IN INDONESIA. STUDENTS AT RTS ARE ENROLLED IN THE FOLLOWING ACADEMIC DEGREE PROGRAMS: MASTER OF DIVINITY, MASTER OF ARTS (THEOLOGICAL STUDIES), MASTER OF ARTS (BIBLICAL STUDIES), MASTER OF ARTS (RELIGION), MASTER OF ARTS IN COUNSELING, MASTER OF ARTS IN CHRISTIAN COUNSELING, AND DOCTOR OF MINISTRY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jenzabar Inc
Software Provider
$120,212
Pendleton Security
Security
$152,177
Shi International Corporation
Information Services
$153,276
Hederman Brothers
Printing Services
$110,658
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$172,070
Related organizations$20,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$8,697,827
Noncash contributions included in lines 1a–1f $548,076
Total Revenue from Contributions, Gifts, Grants & Similar$8,889,897
Total Program Service Revenue$13,630,060
Investment income $1,041,861
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $351,015
Net Gain/Loss on Asset Sales $5,312,951
Net Income from Fundraising Events -$109,265
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$61,621
Miscellaneous Revenue$0
Total Revenue $29,054,898

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Reformed Theological Seminary has recieved totaling $11,500.

Awarding OrganizationAmount
Dorsey J Barefield Charitable Trust

Pearl, MS

PURPOSE: GENERAL OPERATIONS

$10,500
Sisters Four Charity Inc

Abilene, TX

PURPOSE: CHRISTIAN MINISTRIES

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$95,588,195
Earnings$80,271
Admin Expense$1,881
Net Contributions$368,575
Other Expense$24,750,000
Grants$10,375
Ending Balance$71,274,785

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