Overview
What is Mid-America Reformed Seminary?
Mid-America Reformed Seminary, situated in Dyer, Indiana, is a nonprofit institution dedicated to providing religious education. The seminary offers two major degree programs: the Master of Divinity (M.Div.) and the Master of Theological Studies (MTS). The M.Div. program is a comprehensive course designed to prepare students for ordained gospel ministry roles such as pastors, chaplains, missionaries, and evangelists. On the other hand, the MTS program is a two-year program tailored for individuals seeking theological education without the intention of ordination. The MTS degree aims to equip students for further graduate studies or to augment their knowledge in other related fields. Beyond these degree programs, Mid-America Reformed Seminary also offers abbreviated and individualized study options, allowing students to earn certificates in education. Its primary mission is to prepare students for the ministry of the gospel in reformed and Presbyterian churches, aiming to serve the church by equipping individuals for gospel ministry roles or enhancing their service through theological education. The seminary is staffed by a team of 33 dedicated professionals.
Official website here: www.midamerica.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Mid-America Reformed Seminary has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization has demonstrated a commitment to transparency and governance, with a fully independent board of directors and robust oversight mechanisms in place, which contribute to its high score in these areas.
The financial health of the seminary is commendable, with a low liabilities-to-assets ratio of 0.38% and an impressive program expense ratio of 67.67%. This indicates that a significant portion of its expenses is dedicated to its programs, showcasing its effective use of funds to fulfill its mission. Furthermore, its fundraising efficiency is exceptional, costing only $0.07 to raise a dollar, which highlights its ability to maximize contributions.
While the organization has many strengths, it may benefit from continuing to enhance its program expense ratio to increase it closer to the ideal threshold. Nevertheless, the current metrics indicate a well-managed organization with a solid foundation for sustainable operation and impact in its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mid-America Reformed Seminary legitimate?
Mid-America Reformed Seminary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid-America Reformed 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: $162,008
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,138,832
For more financial information, click here
Official website here: www.midamerica.edu
What is the mission statement of Mid-America Reformed Seminary?
Mid-America Reformed Seminary's mission is centered around serving the church by preparing individuals for gospel ministry. This encompasses various roles such as pastors, chaplains, missionaries, and evangelists, through its Master of Divinity (M.Div.) degree program. For those seeking theological education without ordination, Mid-America offers the Master of Theological Studies (MTS) degree program, designed to prepare students for further graduate study or to enhance their knowledge in other fields. Additionally, the seminary offers abbreviated and individualized programs of study, allowing students to receive a certificate of education. In essence, Mid-America Reformed Seminary aims to prepare students for effective ministry within reformed and Presbyterian churches.
Official website here: www.midamerica.edu
Who is the CEO of Mid-America Reformed Seminary?
Dr Cornelis Venema is the Principal Officer of Mid-America Reformed Seminary.
Official website here: www.midamerica.edu
What is the revenue of Mid-America Reformed Seminary?
Mid-America Reformed Seminary's revenue in 2023 was $3,755,000.
Official website here: www.midamerica.edu
Who are the executives of Mid-America Reformed Seminary and what are their salaries?
The average compensation at Mid-America Reformed Seminary during 2023 was $39,419. There are 33 employees and 28 volunteers at Mid-America Reformed Seminary.
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- Compensation: $65,677
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- Other: $82,845
Official website here: www.midamerica.edu
Where can I find the form 990 for Mid-America Reformed Seminary?
Mid-America Reformed Seminary's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.midamerica.edu
Learn more at the official website: www.midamerica.edu
Mission Statement of Mid-America Reformed Seminary
Mid-America Reformed Seminary, a renowned institution, is committed to serving the church by preparing individuals for the ministry of the gospel within reformed and Presbyterian churches. Its primary mission is to equip students, enabling them to excel in roles such as pastors, chaplains, missionaries, and evangelists, through the Master of Divinity (M.Div.) degree program. This program is designed to nurture future leaders in the ordained gospel ministry, ensuring they are well-equipped to serve their communities.
In addition to the M.Div. program, Mid-America Reformed Seminary offers the Master of Theological Studies (MTS) degree. This two-year program caters to students seeking theological education without pursuing ordination. The purpose of the MTS degree is to broaden the students' theological knowledge, preparing them for further graduate studies or to enhance their skills in other fields. Moreover, Mid-America Reformed Seminary provides abbreviated and individualized programs of study, offering certificates of education to students who wish to specialize in specific areas. This flexible approach allows students to tailor their learning experiences to their individual needs and interests.
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Impact
July, 2024
Mid-America Reformed Seminary's impact can be seen in its dedicated mission to prepare students for the ministry of the gospel in reformed and Presbyterian churches. By offering programs such as the Master of Divinity and Master of Theological Studies, the seminary equips individuals to serve as pastors, chaplains, missionaries, and evangelists. Through its educational offerings and commitment to theological training, Mid-America Reformed Seminary plays a vital role in shaping future leaders within the church and strengthening the foundation of faith-based communities.
This information is meant to be a general summary of Mid-America Reformed 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.
- Investment Income: $182,761
- Program Service Revenue: $288,778
- Gross Receipts: $3,873,795
Assets and Liabilities:
- Total Assets: $11,083,474
- Total Liabilities: $42,893
- Net Assets: $11,040,581
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and fees
Revenue
$288,778
Organization Details
Founding Year
1981
Phone
(219) 864-2400Principal Officer
Dr Cornelis Venema
Main Address
229 Seminary Drive, Dyer, IN, 46311
Website
www.midamerica.eduNTEE Category
Code: B03 - Education
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