Overview
What is Washington Theological Seminary?
Washington Theological Seminary is a nonprofit institution dedicated to offering biblically integrated education. Its primary goal is to prepare students for various service roles in the name of Lord Jesus Christ, both in ministry and professional occupations. The seminary provides an educational environment that fosters better communication with God, particularly for individuals interested in Christianity and organizational church settings. The seminary follows a semester system, with sessions in the spring and fall, culminating in graduation. Overall, Washington Theological Seminary aims to equip its students with a strong biblical foundation to serve effectively in their chosen fields.
Official website here: www.wtsva.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%, Zero-Star out of Four Star rating.
Washington Theological Seminary has received a low score of 44% from Charity Navigator, indicating significant concerns regarding its accountability and financial management. While the organization boasts an independent board with 100% of its members being independent, it lacks crucial financial transparency, as evidenced by the absence of financial statements and a poor liabilities to assets ratio of 99.21%. This suggests potential financial instability that may impact its operations.
On a positive note, the seminary has established several governance practices, such as having a conflict of interest policy and documenting board meeting minutes. However, the absence of a whistleblower policy and missing financial documents on its website raise red flags about its commitment to transparency and accountability. The program expense ratio of 55.84% indicates that just over half of its expenses are directed toward programs, which is relatively modest in comparison to industry standards.
Overall, while Washington Theological Seminary demonstrates some strengths in governance, the lack of essential financial documentation and policies undermines its credibility and raises concerns for potential donors and stakeholders. The organization's financial practices will need to improve significantly to gain trust and enhance its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Washington Theological Seminary legitimate?
Washington Theological Seminary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington 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: $12,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $288,991
For more financial information, click here
Official website here: www.wtsva.edu
What is the mission statement of Washington Theological Seminary?
Washington Theological Seminary's mission is to offer biblically integrated education, aiming to prepare students and individuals for service work in the name of Lord Jesus Christ. This is achieved through both ministry and professional occupations. The seminary seeks to equip its students with a strong spiritual foundation to serve effectively. Their educational approach is centered around religious studies, with semesters in the spring and fall, culminating in graduation. The focus is on developing better communicators with God and offering religious education.
Official website here: www.wtsva.edu
Who is the CEO of Washington Theological Seminary?
Ouk S Lee is the Board Chair of Washington Theological Seminary.
Official website here: www.wtsva.edu
What is the revenue of Washington Theological Seminary?
Washington Theological Seminary's revenue in 2022 was $1,424,242.
Official website here: www.wtsva.edu
Who are the executives of Washington Theological Seminary and what are their salaries?
The average compensation at Washington Theological Seminary during 2022 was $18,843. There are 16 employees and 3 volunteers at Washington Theological Seminary.
Here are 5 key members and their salaries:
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- Compensation: $12,500
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Official website here: www.wtsva.edu
Where can I find the form 990 for Washington Theological Seminary?
Washington Theological Seminary's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wtsva.edu
Learn more at the official website: www.wtsva.edu
Mission Statement of Washington Theological Seminary
Washington Theological Seminary is committed to providing biblically integrated education with the goal of equipping students and the broader community for service in the name of Lord Jesus Christ. This is accomplished through both ministry and professional occupations. The seminary aims to foster an environment where students interested in Christianity and organizational church can become better communicators with God. This education is offered through spring and fall semesters, including graduation, and focuses on religious education. In essence, Washington Theological Seminary seeks to empower individuals to serve their communities and their faith effectively.
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Impact
July, 2024
Washington Theological Seminary's impact is significant in equipping students with a biblically integrated education to engage in works of service in the name of Lord Jesus Christ. By providing education for those interested in Christianity and organizational church work, the seminary aids individuals in becoming better communicators with God. Through its mission, Washington Theological Seminary contributes to the development of individuals who are prepared for ministry and professional occupations, fostering a community committed to serving others in the spirit of Christ.
This information is meant to be a general summary of Washington 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: $10
- Program Service Revenue: $1,372,540
- Gross Receipts: $1,424,242
Assets and Liabilities:
- Total Assets: $466,239
- Total Liabilities: $315,054
- Net Assets: $151,185
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$1,372,540
Organization Details
Founding Year
1983
Phone
(703) 762-6937Principal Officer
Ouk S Lee
Main Address
11240 WAPLES MILL ROAD 201, FAIRFAX, VA, 22030
Website
www.wtsva.eduNTEE Category
Code: B03 - Education
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