Overview
What is Texas Independent Baptist Seminary?
Texas Independent Baptist Seminary is a nonprofit institution situated in Longview, Texas (75604). Their primary focus is education and preparation for Christian leadership in ministry. They offer various programs, including a 4-year Bachelor of Arts in Theology and Religious Education, as well as 2-year associate degrees in Church Office Administration, General Studies, and Church Music. With a total workforce of 40 individuals, the seminary aims to equip men and women with the necessary skills and knowledge to serve effectively in their religious roles.
Official website here: www.texasibs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Star rating)
Texas Independent Baptist Seminary has received a 58% rating from Charity Navigator, which indicates significant concerns regarding its financial health despite some strengths in governance. The organization has achieved full points for several accountability factors, including having a majority of independent board members, maintaining a conflict of interest policy, and documenting board meeting minutes. This reflects a commitment to transparency and responsible governance practices.
However, the seminary faces serious issues related to its financial sustainability, as highlighted by its liabilities to assets ratio of 236.53%. This extremely high ratio suggests that the organization may be over-leveraged, which could pose risks to its operational viability. While its program expense ratio is commendable at 99.10%, indicating that most of its funding is directed towards its programs, the overall financial picture remains concerning.
Overall, while Texas Independent Baptist Seminary demonstrates strong governance practices, its financial challenges, as evidenced by the poor liabilities to assets ratio, raise red flags. Prospective donors and supporters may want to consider these factors when evaluating their engagement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Independent Baptist Seminary legitimate?
Texas Independent Baptist Seminary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Independent Baptist 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $600,811
For more financial information, click here
Official website here: www.texasibs.org
What is the mission statement of Texas Independent Baptist Seminary?
The Texas Independent Baptist Seminary is committed to educating and preparing both men and women for leadership roles in ministry. Through various educational programs, such as four-year Bachelor of Arts in Theology and Religious Education, two-year Associate of Arts in Church Office Administration, General Studies, and Church Music, the seminary equips its students with the necessary skills for Christian leadership. The institution's mission is centered around nurturing future leaders who can effectively contribute to the faith community.
Official website here: www.texasibs.org
What is the revenue of Texas Independent Baptist Seminary?
Texas Independent Baptist Seminary's revenue in 2023 was $675,893.
Official website here: www.texasibs.org
Who are the executives of Texas Independent Baptist Seminary and what are their salaries?
The average compensation at Texas Independent Baptist Seminary during 2023 was $16,238. There are 37 employees and 4 volunteers at Texas Independent Baptist Seminary.
Here are 4 key members and their salaries:
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Official website here: www.texasibs.org
Where can I find the form 990 for Texas Independent Baptist Seminary?
Texas Independent Baptist Seminary's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.texasibs.org
Learn more at the official website: www.texasibs.org
Mission Statement of Texas Independent Baptist Seminary
Texas Independent Baptist Seminary is dedicated to the education and preparation of both men and women for leadership roles in ministry. Its mission is to equip individuals with the necessary knowledge and skills to excel in various ministry-related fields. The seminary offers a range of programs designed to accomplish this goal, including a 4-year Bachelor of Arts in Theology and Religious Education, as well as 2-year Associate of Arts degrees in Church Office Administration, General Studies, and Church Music. By graduating students from these programs, the seminary aims to contribute to the Christian community by providing competent leaders who can make a significant impact in their respective ministries.
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Impact
July, 2024
Texas Independent Baptist Seminary has a significant impact on educating and preparing men and women for Christian leadership in ministry. By offering programs such as a 4-year Bachelor of Arts in Theology and Religious Education, a 2-year Associate of Arts in Church Office Administration, General Studies, and Church Music, the seminary equips individuals with the knowledge and skills needed to serve in various capacities within the Christian community. This impact extends beyond Longview, TX, reaching individuals who go on to lead and contribute to churches and communities across the country.
This information is meant to be a general summary of Texas Independent Baptist 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 2023.
- Program Service Revenue: $361,544
- Gross Receipts: $1,586,052
Assets and Liabilities:
- Total Assets: $821,524
- Total Liabilities: $1,943,226
- Net Assets: -$1,121,702
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$254,373
MISCELLANEOUS
Revenue
$107,171
Organization Details
Founding Year
2013
Principal Officer
Robert G Gray Ii
Website
www.texasibs.orgNTEE Category
Code: X21 - Religion related
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