Overview
What is Indianapolis Theological Seminary?
The Indianapolis Theological Seminary, established seven years ago, is a nonprofit organization situated in Indianapolis, Indiana. Despite having a relatively short existence, enrollment has consistently grown. The seminary operates on a tight budget, with tuition revenue accounting for only 19.5% of its total expenses. As a theological institution, its primary mission is to collaborate with local churches, offering seminary-level classes and curriculum for individuals aspiring to become church leaders, pastors, or ministers. The seminary aims to establish a fully accredited theological MDiv program in Central Indiana, integrating leadership training within local churches with rigorous academic instruction. This approach seeks to cultivate the next generation of theological leaders, ultimately glorifying God. The seminary employs a team of eight dedicated individuals.
Official website here: www.indysem.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Indianapolis Theological Seminary holds a respectable score of 84%, reflecting solid accountability and financial practices. The organization boasts an impressive 94% of its board members being independent, which is a strong indicator of good governance. Additionally, it has no issues regarding material diversion of assets and demonstrates transparency with its financial statements.
However, there are notable areas for improvement. The organization is missing a whistleblower policy and has not posted its tax form on its website, which may affect transparency perceptions. Furthermore, while the program expense ratio of 63.28% indicates a substantial portion of expenses are directed towards programs, there is room for enhancement in this area to further align with best practices in financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Indianapolis Theological Seminary legitimate?
Indianapolis Theological Seminary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indianapolis 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: $114,232
Professional Fundraising Fees: $0
Other Salaries and Wages: $310,564
For more financial information, click here
Official website here: www.indysem.org
What is the mission statement of Indianapolis Theological Seminary?
The Indianapolis Theological Seminary exists with the mission of collaborating with local churches for biblical and theological training. This is achieved by offering seminary-level classes and curriculum for individuals aiming to become pastors and other church leaders. The seminary aspires to establish a fully accredited theologically reformed Master of Divinity (MDiv) program, integrating leadership training in local churches with robust academic instruction. The goal is to develop the next generation of theological leaders, contributing to God's glory. Despite being relatively young, with only seven years of existence, the seminary's enrollment continues to grow. However, tuition revenue only covers 19.5% of its operational costs, indicating a financial challenge.
Official website here: www.indysem.org
Who is the CEO of Indianapolis Theological Seminary?
Bruce Winter is the Chairman of Indianapolis Theological Seminary.
Official website here: www.indysem.org
What is the revenue of Indianapolis Theological Seminary?
Indianapolis Theological Seminary's revenue in 2022 was $1,044,120.
Official website here: www.indysem.org
Who are the executives of Indianapolis Theological Seminary and what are their salaries?
The average compensation at Indianapolis Theological Seminary during 2022 was $53,100. There are 8 employees and 18 volunteers at Indianapolis Theological Seminary.
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- Compensation: $53,960
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Official website here: www.indysem.org
Where can I find the form 990 for Indianapolis Theological Seminary?
Indianapolis Theological Seminary's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indysem.org
Learn more at the official website: www.indysem.org
Mission Statement of Indianapolis Theological Seminary
Indianapolis Theological Seminary (ITS) is committed to collaborating with local churches for biblical and theological training. It achieves this by providing seminary-level classes and curriculum for individuals seeking to become pastors and other church leaders. The seminary's mission extends beyond academic instruction, integrating leadership training in local churches. This holistic approach aims to develop the next generation of theological leaders, contributing to the glory of God.
Furthermore, Indianapolis Theological Seminary strives to establish a fully accredited theologically reformed Master of Divinity (MDiv) program in central Indiana. This program is designed to equip students with robust academic instruction and practical leadership skills in local churches. By merging these two essential aspects, the seminary aims to foster the development of well-rounded theological leaders who can effectively serve their communities. The seminary's mission is grounded in a desire to glorify God and contribute to the growth and strength of local churches.
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Impact
July, 2024
Indianapolis Theological Seminary's impact can be seen in its dedication to collaborating with local churches for biblical and theological training. By providing seminary-level classes and curriculum for Christians aspiring to be pastors and leaders in churches and ministries, ITS is playing a crucial role in developing the next generation of theologian leaders. Despite being a relatively young institution, ITS has shown impressive growth in enrollment, with a current full-time student equivalent of 26. This seminary's mission to see a fully accredited theologically reformed MDiv program in central Indiana highlights its commitment to excellence in both academic instruction and leadership training within the context of local churches. Through this focused approach, Indianapolis Theological Seminary is making a significant impact on the Christian community in the region.
This information is meant to be a general summary of Indianapolis 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: $150
- Program Service Revenue: $135,337
- Gross Receipts: $1,044,120
Assets and Liabilities:
- Total Assets: $895,225
- Total Liabilities: $101,235
- Net Assets: $793,990
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$133,189
FEES
Revenue
$2,148
Organization Details
Founding Year
2015
Phone
(989) 859-0012Principal Officer
Bruce Winter
Main Address
8801 HAGUE ROAD, INDIANAPOLIS, IN, 46256
Website
www.indysem.orgNTEE Category
Code: B28 - Education
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