Overview
What is Heidelberg Theological Seminary?
Heidelberg Theological Seminary is a nonprofit institution based in Sioux Falls, South Dakota, with a postal address at 7301 S Louise Ave, 57108. Its primary mission is to educate and prepare individuals for the Ministry of the Word, equipping them to serve as pastors and teachers within the Christian Church. The seminary utilizes tuition fees of $21,120 to cover its operational expenses. With a modest workforce of four employees, the seminary's primary goal is to teach and mold future religious leaders, playing a crucial role in shaping the religious landscape.
Official website here: www.heidelbergseminary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 29%
Heidelberg Theological Seminary has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is derived solely from its Accountability & Finance metrics, where it scored 29%. While the organization has a fully independent board, it lacks essential financial transparency, as evidenced by the absence of financial statements and a whistleblower policy.
The seminary shows strengths in board independence, having all members meet the criteria for independence, which is a positive aspect in governance. However, the lack of critical policies and documentation, such as a conflict of interest policy and financial transparency through posted financial statements, raises red flags. Additionally, with a program expense ratio of 0.00%, it appears that no funds are allocated to programmatic activities, which could call into question the organization's operational effectiveness.
Overall, while Heidelberg Theological Seminary has a competent governance structure, the significant deficiencies in accountability and financial management overshadow these strengths, making it essential for potential donors and stakeholders to exercise caution before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Heidelberg Theological Seminary legitimate?
Heidelberg Theological Seminary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heidelberg 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: $257,659
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,900
For more financial information, click here
Official website here: www.heidelbergseminary.org
What is the mission statement of Heidelberg Theological Seminary?
Heidelberg Theological Seminary's primary mission is centered around preparing individuals for the Ministry of the Word. These individuals are intended to serve as pastors and teachers within the Christian Church. The seminary's fundamental goal is to educate students for the Ministry, with the tuition fees contributing towards covering its expenses. The institution's focus is on fostering knowledge and skills essential for effective ministry work.
Official website here: www.heidelbergseminary.org
Who is the CEO of Heidelberg Theological Seminary?
Dr Maynard Koerner is the President of Heidelberg Theological Seminary.
Official website here: www.heidelbergseminary.org
What is the revenue of Heidelberg Theological Seminary?
Heidelberg Theological Seminary's revenue in 2022 was $524,667.
Official website here: www.heidelbergseminary.org
Who are the executives of Heidelberg Theological Seminary and what are their salaries?
The average compensation at Heidelberg Theological Seminary during 2022 was $70,640. There are 4 employees at Heidelberg Theological Seminary.
Here are 15 key members and their salaries:
- Compensation: $50,968
- Related: $0
- Other: $30,190
- Compensation: $46,800
- Related: $0
- Other: $31,200
- Compensation: $50,500
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $18,000
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.heidelbergseminary.org
Where can I find the form 990 for Heidelberg Theological Seminary?
Heidelberg Theological Seminary's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.heidelbergseminary.org
Learn more at the official website: www.heidelbergseminary.org
Mission Statement of Heidelberg Theological Seminary
Heidelberg Theological Seminary is dedicated to the mission of preparing individuals for the Ministry of the Word. Serving as future pastors and teachers in the Christian Church, the seminary's primary goal is to educate its students in the teachings of their faith. By offering a rigorous curriculum, Heidelberg Theological Seminary aims to equip its students with the necessary skills and knowledge to serve their communities effectively. The tuition fees, amounting to $21,120, contribute towards covering the seminary's expenses as it fulfills its mission.
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Impact
July, 2024
Heidelberg Theological Seminary prepares individuals for the Ministry of the Word, equipping them to serve as pastors and teachers in the Christian Church. Through its teaching ministry in Sioux Falls, SD, the seminary's impact is seen in the education and development of students who go on to serve communities and congregations across the country. The tuition received, amounting to $21,120, plays a vital role in offsetting operational expenses and ensuring the continued provision of theological education to future church leaders.
This information is meant to be a general summary of Heidelberg 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 2022.
- Investment Income: $168
- Program Service Revenue: $21,120
- Gross Receipts: $524,667
Assets and Liabilities:
- Total Assets: $211,221
- Total Liabilities: $1,386
- Net Assets: $209,835
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$21,120
Organization Details
Founding Year
2001
Phone
(605) 595-5850Principal Officer
Dr Maynard Koerner
Main Address
7301 S LOUISE AVE, SIOUX FALLS, SD, 571085900
Website
www.heidelbergseminary.orgNTEE Category
Code: B50 - Education
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