Overview
What is New York Theological Seminary?
New York Theological Seminary is a prominent and inclusive learning institution, situated in New York City. Rooted in biblical witness and Christian tradition, it has a distinctive focus on urban communities. The seminary offers various master's degrees, including Master of Arts in Pastoral Care and Counseling, Master of Arts in Religious Education, Master of Arts in Youth Ministry, Master of Arts in Leadership and Administration, and Master of Professional Study, some of which are available at Sing Sing Correctional Facilities. These programs are accredited by the Commission for Accreditation of the Association of Theological Schools. The seminary's primary professional degree program, Master of Divinity (MDIV), remains its largest in terms of revenue and faculty resources. The New York Theological Seminary is committed to preparing individuals for faith-based ministries, both locally and globally, reflecting its values of diversity and inclusivity.
Official website here: www.nyts.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
New York Theological Seminary has received a solid Three-Star rating from Charity Navigator, primarily reflecting its strong performance in Accountability and Finance with a score of 84%. This rating underscores the organization's commitment to transparency and effective financial management, with notable strengths including a fully independent board and robust financial oversight measures.
The seminary demonstrates a high level of accountability, evidenced by its perfect scores in several categories such as board independence, financial statement oversight, and the absence of asset diversion. Additionally, the organization has a commendable program expense ratio of 71.41%, indicating that a significant portion of its resources is directed toward its educational and community-oriented programs.
However, the seminary does face some challenges, particularly in its financial ratios. The liabilities to assets ratio is somewhat concerning at 49.81%, and the working capital ratio of 0.25 years suggests limited financial flexibility. While overall, the seminary shows strong governance and efficient fundraising, these financial markers imply a need for monitoring and potential improvement in future fiscal strategies.
This AI summary has been generated from information found on Charity Navigator.
Is New York Theological Seminary legitimate?
New York Theological Seminary is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Theological Seminary submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $372,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,682,265
For more financial information, click here
Official website here: www.nyts.edu
What is the mission statement of New York Theological Seminary?
The New York Theological Seminary serves as a diverse and inclusive learning community, rooted in biblical witness and Christian tradition. It has a historic urban focus, preparing individuals for faith-based ministries not only in the city but also globally. The seminary's mission is grounded in values, preparing women and men for various ministerial roles through a range of master's degree programs, including Master of Arts in Pastoral Care and Counseling, Master of Arts in Religious Education, Master of Arts in Youth Ministry, Master of Arts in Leadership and Administration, and Master of Professional Study, among others. The seminary's primary professional degree program, the Master of Divinity (MDiv), continues to be its main focus. The institution is nationally accredited, ensuring the quality of its educational offerings.
Official website here: www.nyts.edu
Who is the CEO of New York Theological Seminary?
Craig King is the Board Member of New York Theological Seminary.
Official website here: www.nyts.edu
What is the revenue of New York Theological Seminary?
New York Theological Seminary's revenue in 2021 was $4,439,036.
Official website here: www.nyts.edu
Who are the executives of New York Theological Seminary and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.nyts.edu
Where can I find the form 990 for New York Theological Seminary?
New York Theological Seminary's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.nyts.edu
Learn more at the official website: www.nyts.edu
Mission Statement of New York Theological Seminary
New York Theological Seminary serves as a diverse and inclusive learning community, rooted in biblical witness and Christian tradition. With a historical urban focus, this seminary is dedicated to preparing individuals for faith-based ministries not only in the city but also worldwide. The seminary's mission is grounded in values that promote learning and nurture future leaders in various fields of ministry.
The primary professional degree program offered by New York Theological Seminary is its largest in terms of revenue and expenses. This program, which leads to various master's degrees, is primarily funded through tuition and fees. The seminary currently provides five master's degree options, including the Master of Arts in Pastoral Care and Counseling, the Master of Arts in Religious Education, the Master of Arts in Youth Ministry, the Master of Arts in Leadership and Administration, and the Master of Professional Study, offered at Sing Sing Correctional Facilities. All of these degrees are approved by the seminary's national accreditation body, the Commission for Accreditation of the Association of Theological Schools. The Master of Divinity (MDiv) remains the seminary's main first professional degree.
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Impact
July, 2024
New York Theological Seminary's impact lies in its commitment to preparing individuals for faith-based ministries in urban settings and beyond. By offering a range of master's degree programs rooted in biblical witness and Christian tradition, the seminary equips its diverse and inclusive community with the knowledge and skills needed to serve effectively in various roles within religious organizations. Through its rigorous educational programs, New York Theological Seminary contributes to the development of competent and compassionate leaders who can make a positive difference in the city and globally.
This information is meant to be a general summary of New York Theological Seminary. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $82,105
- Program Service Revenue: $1,713,591
- Gross Receipts: $4,482,109
Assets and Liabilities:
- Total Assets: $2,378,321
- Total Liabilities: $1,184,872
- Net Assets: $1,193,449
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES - MASTE
Revenue
$830,944
TUITION & FEES - DOCTO
Revenue
$646,875
TUITION & FEES - NON A
Revenue
$235,772
Organization Details
Founding Year
1903
Phone
(212) 870-1238Principal Officer
Craig King
Main Address
475 RIVERSIDE DRIVE NO 500, NEW YORK, NY, 10115
Website
www.nyts.eduNTEE Category
Code: B500 - Education
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